Unnamed: 0
stringlengths 3
8
| Date
stringlengths 23
23
| Article_title
stringlengths 1
250
| Stock_symbol
stringlengths 1
5
| Url
stringlengths 44
135
| Publisher
stringclasses 1
value | Author
stringclasses 1
value | Article
stringlengths 1
343k
| Lsa_summary
stringlengths 3
53.9k
| Luhn_summary
stringlengths 1
53.9k
| Textrank_summary
stringlengths 1
53.9k
| Lexrank_summary
stringlengths 1
53.9k
| uuid
stringlengths 36
36
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
711200.0
|
2023-12-16 00:00:00 UTC
|
3 Stocks to Play the Rise of the Subscription Economy
|
DCOMP
|
https://www.nasdaq.com/articles/3-stocks-to-play-the-rise-of-the-subscription-economy
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The subscription economy is revolutionizing business models, fostering an environment where companies thrive on predictable, high-margin revenues. This innovative approach has seen a meteoric rise in recent years. Increasingly, enterprises globally are embracing this shift, looking to substantially improve their financial health and stabilize their top-line growth.
Forecasts suggest the market could potentially reach a whopping size of $1.5 trillion by 2025, underscoring its immense growth potential. In addition to this model boosting revenue predictability, it also reduces customer churn, overall improving margins. For investors, this strategy promises not just immediate returns but substantial long-term growth.
With that in mind, let’s delve into the top three stocks primed to play a pivotal role in the ascendance of the subscription economy.
Netflix (NFLX)
Source: izzuanroslan / Shutterstock.com
Netflix (NASDAQ:NFLX) is arguably a pioneer in the streaming sphere that has effectively revolutionized the digital media landscape. Boasting over 247 million global subscribers, the platform offers an array of films, documentaries, and hit shows including The Witcher and Squid Game. This diverse content range not only attracts new users but also ensures the loyalty of existing ones.
In its third-quarter earnings, Netflix reported an astounding revenue of $18.12 billion, an eye-watering 205.6% bump compared to the previous year. Remarkably, efforts to curb password sharing have led to unprecedented subscriber growth, particularly in the U.S. and Canada with a 1,583% surge and in Europe, the Middle East, and Africa with a 596% upswing. These figures reflect the company’s successful strategy in expanding its user base.
Furthermore, Netflix is aggressively expanding its advertising business, which promises to be a significant revenue driver. This move, combined with its compelling content, positions Netflix for sustained growth, making it a focal point for investor attention. If you’re looking to make the most of the subscription economy, this is a clear entry point.
Spotify (SPOT)
Source: Fabio Principe / Shutterstock.com
Spotify Technology (NYSE: SPOT) stands as a titan in the audio streaming industry. With a robust user base of 574 million monthly active listeners, of which 226 million are premium subscribers, the platform’s success is driven by its comprehensive music and podcast offerings.
In its third-quarter earnings for 2023, Spotify reported a noteworthy 11% year-over-year increase in total revenue. The company remarkably flipped the script with its most recent financials, from a net loss of €166 million in the third quarter of 2022 to a net gain of a staggering €65 million recently. Growth was evident in both the premium subscription revenue and ad-supported segments with 10% and 16% increases, respectively, highlighting the efficacy of its diverse revenue streams.
Spotify’s financial rebound has resonated with investors, with its share price surging by 143% this year. This increase, spurred by enhanced profitability and consistent subscription renewals, has further boosted investor confidence, positioning Spotify for continued success in the competitive streaming market.
Disney (DIS)
Source: nikkimeel / Shutterstock.com
In 2020, Disney (NYSE: DIS) faced significant challenges due to the pandemic’s impact on its theme parks and cruise lines. Despite these hurdles, the entertainment giant is making a strong comeback, evidenced by a 5.5% year-to-date growth in its stock. This uptick signals a renewed investor confidence in Disney, showcasing its resilience and potential for recovery.
Financially, the company reported revenue of $21.24 billion and adjusted earnings of 82 cents per share, surpassing expectations of 71 cents. Moreover, Disney’s strategic move to cut an extra $2 billion in costs, resulting in $7.5 billion in total savings this year, highlights its commitment to fiscal efficiency.
Additionally, Disney’s successful pivot to streaming is evident with Disney+, adding 7 million new subscribers, reaching 150.2 million in total. Offering a diverse array of content from animated classics to Marvel and Star Wars, the platform is a key player in Disney’s strategy. Focused on achieving profitability in its direct-to-consumer segment by the end of fiscal 2024, Disney is poised for sustained growth.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
More From InvestorPlace
The #1 AI Investment Might Be This Company You’ve Never Heard Of
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Stocks to Play the Rise of the Subscription Economy 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.
|
Boasting over 247 million global subscribers, the platform offers an array of films, documentaries, and hit shows including The Witcher and Squid Game. Remarkably, efforts to curb password sharing have led to unprecedented subscriber growth, particularly in the U.S. and Canada with a 1,583% surge and in Europe, the Middle East, and Africa with a 596% upswing. This increase, spurred by enhanced profitability and consistent subscription renewals, has further boosted investor confidence, positioning Spotify for continued success in the competitive streaming market.
|
Spotify (SPOT) Source: Fabio Principe / Shutterstock.com Spotify Technology (NYSE: SPOT) stands as a titan in the audio streaming industry. This increase, spurred by enhanced profitability and consistent subscription renewals, has further boosted investor confidence, positioning Spotify for continued success in the competitive streaming market. Additionally, Disney’s successful pivot to streaming is evident with Disney+, adding 7 million new subscribers, reaching 150.2 million in total.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The subscription economy is revolutionizing business models, fostering an environment where companies thrive on predictable, high-margin revenues. Growth was evident in both the premium subscription revenue and ad-supported segments with 10% and 16% increases, respectively, highlighting the efficacy of its diverse revenue streams. This increase, spurred by enhanced profitability and consistent subscription renewals, has further boosted investor confidence, positioning Spotify for continued success in the competitive streaming market.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The subscription economy is revolutionizing business models, fostering an environment where companies thrive on predictable, high-margin revenues. If you’re looking to make the most of the subscription economy, this is a clear entry point. 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.
|
35f96512-f664-41b5-8e99-35c20e2d7e83
|
711201.0
|
2023-12-16 00:00:00 UTC
|
Noteworthy Monday Option Activity: ZIMV, ADBE, SPWR
|
DCOMP
|
https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-zimv-adbe-spwr
|
nan
|
nan
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in ZimVie Inc (Symbol: ZIMV), where a total of 12,499 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 655.5% of ZIMV's average daily trading volume over the past month of 190,665 shares. Particularly high volume was seen for the $15 strike call option expiring January 19, 2024, with 6,057 contracts trading so far today, representing approximately 605,700 underlying shares of ZIMV. Below is a chart showing ZIMV's trailing twelve month trading history, with the $15 strike highlighted in orange:
Adobe Inc (Symbol: ADBE) saw options trading volume of 102,516 contracts, representing approximately 10.3 million underlying shares or approximately 305.2% of ADBE's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $600 strike call option expiring December 22, 2023, with 7,104 contracts trading so far today, representing approximately 710,400 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $600 strike highlighted in orange:
And SunPower Corp (Symbol: SPWR) options are showing a volume of 138,782 contracts thus far today. That number of contracts represents approximately 13.9 million underlying shares, working out to a sizeable 215.6% of SPWR's average daily trading volume over the past month, of 6.4 million shares. Particularly high volume was seen for the $6.50 strike call option expiring December 22, 2023, with 18,136 contracts trading so far today, representing approximately 1.8 million underlying shares of SPWR. Below is a chart showing SPWR's trailing twelve month trading history, with the $6.50 strike highlighted in orange:
For the various different available expirations for ZIMV options, ADBE options, or SPWR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
EEME Videos
VOT Options Chain
MDR Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $15 strike call option expiring January 19, 2024, with 6,057 contracts trading so far today, representing approximately 605,700 underlying shares of ZIMV. Particularly high volume was seen for the $600 strike call option expiring December 22, 2023, with 7,104 contracts trading so far today, representing approximately 710,400 underlying shares of ADBE. Particularly high volume was seen for the $6.50 strike call option expiring December 22, 2023, with 18,136 contracts trading so far today, representing approximately 1.8 million underlying shares of SPWR.
|
Below is a chart showing ZIMV's trailing twelve month trading history, with the $15 strike highlighted in orange: Adobe Inc (Symbol: ADBE) saw options trading volume of 102,516 contracts, representing approximately 10.3 million underlying shares or approximately 305.2% of ADBE's average daily trading volume over the past month, of 3.4 million shares. Below is a chart showing ADBE's trailing twelve month trading history, with the $600 strike highlighted in orange: And SunPower Corp (Symbol: SPWR) options are showing a volume of 138,782 contracts thus far today. Particularly high volume was seen for the $6.50 strike call option expiring December 22, 2023, with 18,136 contracts trading so far today, representing approximately 1.8 million underlying shares of SPWR.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in ZimVie Inc (Symbol: ZIMV), where a total of 12,499 contracts have traded so far, representing approximately 1.2 million underlying shares. Below is a chart showing ZIMV's trailing twelve month trading history, with the $15 strike highlighted in orange: Adobe Inc (Symbol: ADBE) saw options trading volume of 102,516 contracts, representing approximately 10.3 million underlying shares or approximately 305.2% of ADBE's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $6.50 strike call option expiring December 22, 2023, with 18,136 contracts trading so far today, representing approximately 1.8 million underlying shares of SPWR.
|
Below is a chart showing ZIMV's trailing twelve month trading history, with the $15 strike highlighted in orange: Adobe Inc (Symbol: ADBE) saw options trading volume of 102,516 contracts, representing approximately 10.3 million underlying shares or approximately 305.2% of ADBE's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $6.50 strike call option expiring December 22, 2023, with 18,136 contracts trading so far today, representing approximately 1.8 million underlying shares of SPWR. Below is a chart showing SPWR's trailing twelve month trading history, with the $6.50 strike highlighted in orange: For the various different available expirations for ZIMV options, ADBE options, or SPWR options, visit StockOptionsChannel.com.
|
644b6646-a9e5-4634-914d-b778cebf0ee0
|
711202.0
|
2023-12-16 00:00:00 UTC
|
Amazon Set a New 52-Week High: Is the Stock a Buy Now?
|
DCOMP
|
https://www.nasdaq.com/articles/amazon-set-a-new-52-week-high%3A-is-the-stock-a-buy-now
|
nan
|
nan
|
Amazon (NASDAQ: AMZN) stock reached another 52-week high today on a bullish analyst note and as tech stocks rose broadly.
The key news item driving the stock higher was a bullish note on the stock from Roth MKM, which raised its price target from $165 to $180. It also maintained its buy rating and called the stock its top megacap pick for 2024.
The research firm said it expected internet industry tailwinds to be more muted in 2024, but Amazon is the only megacap stock for which it expects accelerating revenue and expanding operating margins.
As of 2:26 p.m. ET, Amazon stock was up 3% on the day, setting a new 52-week high of $154.53, nearly double its low almost a year ago.
Image source: Amazon.
Is Amazon still a buy?
Amazon stock has surged since its third-quarter earnings report at the end of October, as the company posted strong results in its third-quarter earnings report. Amazon saw excellent bottom-line and revenue growth in a challenging environment. The quarter showed that Andy Jassy's cost-cutting efforts have paid off.
Amazon also seems set to benefit from the improving macroeconomic environment, as the Federal Reserve recently forecast three interest rate cuts next year, which would encourage increased business and consumer spending, the key drivers of the Amazon Web Services cloud computing business, as well as the company's e-commerce empire.
The stock is likely to do well in a new bull market, and investors seem to be anticipating one, with the S&P 500 on the verge of a new all-time high. Amazon stock might look expensive on a typical price-to-earnings ratio basis, but the company's core businesses like its third-party e-commerce marketplace and AWS are highly profitable, meaning there's significant room for margins to expand as its cost-control efforts increase its operating leverage.
Given the improving macroeconomic picture and the company's ramping profits, Amazon stock still looks like a smart buy.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon made the list -- but there are 9 other stocks you may be overlooking.
See the 10 stocks
*Stock Advisor returns as of December 18, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jeremy Bowman has positions in Amazon. The Motley Fool has positions in and recommends Amazon. 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.
|
Amazon also seems set to benefit from the improving macroeconomic environment, as the Federal Reserve recently forecast three interest rate cuts next year, which would encourage increased business and consumer spending, the key drivers of the Amazon Web Services cloud computing business, as well as the company's e-commerce empire. Amazon stock might look expensive on a typical price-to-earnings ratio basis, but the company's core businesses like its third-party e-commerce marketplace and AWS are highly profitable, meaning there's significant room for margins to expand as its cost-control efforts increase its operating leverage. Given the improving macroeconomic picture and the company's ramping profits, Amazon stock still looks like a smart buy.
|
Amazon (NASDAQ: AMZN) stock reached another 52-week high today on a bullish analyst note and as tech stocks rose broadly. The research firm said it expected internet industry tailwinds to be more muted in 2024, but Amazon is the only megacap stock for which it expects accelerating revenue and expanding operating margins. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market.
|
Amazon (NASDAQ: AMZN) stock reached another 52-week high today on a bullish analyst note and as tech stocks rose broadly. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Amazon made the list -- but there are 9 other stocks you may be overlooking. See the 10 stocks *Stock Advisor returns as of December 18, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
|
Amazon (NASDAQ: AMZN) stock reached another 52-week high today on a bullish analyst note and as tech stocks rose broadly. Is Amazon still a buy? The Motley Fool has positions in and recommends Amazon.
|
a596da62-1273-4cf0-8844-9351baa2b609
|
711203.0
|
2023-12-16 00:00:00 UTC
|
Amazon in talks to invest in Diamond Sports - WSJ
|
DCOMP
|
https://www.nasdaq.com/articles/amazon-in-talks-to-invest-in-diamond-sports-wsj
|
nan
|
nan
|
Adds Diamond Sports parent company response in paragraph 6
Dec 18 (Reuters) - Amazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant's aggressive push into sports content, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Diamond Sports Group, which carries the games of more than 40 major sports teams across the United States and filed for bankruptcy earlier this year, is actively negotiating with Amazon about a strategic investment and a multi-year streaming partnership, according to the report.
If an agreement is reached, Amazon's AMZN.O Prime Video platform would eventually become the streaming home for Diamond's games, the Wall Street Journal reported.
Diamond, which has the local rights to about half the teams in Major League Baseball and the National Basketball Association and about a third of the National Hockey League teams, would continue operating its cable networks through its existing partnerships, according to the report.
It isn't clear how much money Amazon is planning to invest or at what valuation, and Diamond has received support from a select group of creditors for proceeding with the talks, the Wall Street Journal said.
Diamond Sports' parent company Sinclair Broadcast SBGI.O declined to comment, while Amazon and Diamond Sports did not immediately respond to Reuters' requests for comment.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shounak Dasgupta)
((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.
|
If an agreement is reached, Amazon's AMZN.O Prime Video platform would eventually become the streaming home for Diamond's games, the Wall Street Journal reported. Diamond, which has the local rights to about half the teams in Major League Baseball and the National Basketball Association and about a third of the National Hockey League teams, would continue operating its cable networks through its existing partnerships, according to the report. It isn't clear how much money Amazon is planning to invest or at what valuation, and Diamond has received support from a select group of creditors for proceeding with the talks, the Wall Street Journal said.
|
Adds Diamond Sports parent company response in paragraph 6 Dec 18 (Reuters) - Amazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant's aggressive push into sports content, the Wall Street Journal reported on Monday, citing people familiar with the matter. If an agreement is reached, Amazon's AMZN.O Prime Video platform would eventually become the streaming home for Diamond's games, the Wall Street Journal reported. Diamond Sports' parent company Sinclair Broadcast SBGI.O declined to comment, while Amazon and Diamond Sports did not immediately respond to Reuters' requests for comment.
|
Adds Diamond Sports parent company response in paragraph 6 Dec 18 (Reuters) - Amazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant's aggressive push into sports content, the Wall Street Journal reported on Monday, citing people familiar with the matter. Diamond Sports Group, which carries the games of more than 40 major sports teams across the United States and filed for bankruptcy earlier this year, is actively negotiating with Amazon about a strategic investment and a multi-year streaming partnership, according to the report. Diamond Sports' parent company Sinclair Broadcast SBGI.O declined to comment, while Amazon and Diamond Sports did not immediately respond to Reuters' requests for comment.
|
Adds Diamond Sports parent company response in paragraph 6 Dec 18 (Reuters) - Amazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant's aggressive push into sports content, the Wall Street Journal reported on Monday, citing people familiar with the matter. Diamond Sports Group, which carries the games of more than 40 major sports teams across the United States and filed for bankruptcy earlier this year, is actively negotiating with Amazon about a strategic investment and a multi-year streaming partnership, according to the report. If an agreement is reached, Amazon's AMZN.O Prime Video platform would eventually become the streaming home for Diamond's games, the Wall Street Journal reported.
|
3da6acf3-cce5-43e3-b34f-fe793dd9b3a3
|
711204.0
|
2023-12-16 00:00:00 UTC
|
Why GigaCloud Technology Stock Is Skyrocketing Today
|
DCOMP
|
https://www.nasdaq.com/articles/why-gigacloud-technology-stock-is-skyrocketing-today
|
nan
|
nan
|
GigaCloud Technology (NASDAQ: GCT) stock is making big gains in Monday's trading. The company's share price was up 18.5% as of 2 p.m. ET, according to data from S&P Global Market Intelligence.
While there doesn't seem to be any business-specific news driving GigaCloud's share price higher, the stock appears to be benefiting from a short squeeze. The company's share price is now up roughly 64% over the last month, and it's possible that momentum will continue to send the company's stock higher in the short term.
Short sellers are feeling the squeeze
In September, Culper Research published a bearish note on GigaCloud stock. The short seller stated that GigaCloud exhibited "classic hallmarks of past 'China Hustle' implosions: Cayman incorporation, Chinese auditor, cash held offshore despite U.S. operations and USD financial statements, and very little interest income despite supposedly large cash balances." GigaCloud then published its own note rebutting the short-seller's claims.
On the heels of Culper's report and GigaCloud's response, both bulls and bears poured into the company's stock -- but short interest has risen over time. With the surge in bullish momentum that's taken place over the last month, short sellers have been incentivized to close out their positions -- or risk facing mounting losses.
In turn, this buying momentum has likely had the effect of pushing the company's share price higher and further incentivizing short sellers to cover their positions. This dynamic is known as a short squeeze.
What comes next for GigaCloud stock?
GigaCloud has attracted some attention as a meme stock, and investors have been buying up the company's shares in hopes of scoring explosive gains. Recently, the bulls have been coming out on top -- but investors should approach the stock with the understanding that trading could be highly volatile in the near term. When short-squeeze momentum peaks and recedes, those who bought late in the cycle can wind up facing big losses.
Should you invest $1,000 in GigaCloud Technology right now?
Before you buy stock in GigaCloud Technology, 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 GigaCloud Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 18, 2023
Keith Noonan 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.
|
On the heels of Culper's report and GigaCloud's response, both bulls and bears poured into the company's stock -- but short interest has risen over time. With the surge in bullish momentum that's taken place over the last month, short sellers have been incentivized to close out their positions -- or risk facing mounting losses. In turn, this buying momentum has likely had the effect of pushing the company's share price higher and further incentivizing short sellers to cover their positions.
|
While there doesn't seem to be any business-specific news driving GigaCloud's share price higher, the stock appears to be benefiting from a short squeeze. In turn, this buying momentum has likely had the effect of pushing the company's share price higher and further incentivizing short sellers to cover their positions. Before you buy stock in GigaCloud Technology, 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 GigaCloud Technology wasn't one of them.
|
The company's share price is now up roughly 64% over the last month, and it's possible that momentum will continue to send the company's stock higher in the short term. Before you buy stock in GigaCloud Technology, 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 GigaCloud Technology 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.
|
Short sellers are feeling the squeeze In September, Culper Research published a bearish note on GigaCloud stock. What comes next for GigaCloud stock? Before you buy stock in GigaCloud Technology, 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 GigaCloud Technology wasn't one of them.
|
45c7dcf0-c33d-4845-80fd-ca2587edc633
|
711205.0
|
2023-12-16 00:00:00 UTC
|
COP28 and Price Surge Power These Uranium ETFs
|
DCOMP
|
https://www.nasdaq.com/articles/cop28-and-price-surge-power-these-uranium-etfs
|
nan
|
nan
|
Being an essential component in sustainable and reliable energy generation, uranium plays a crucial role in shaping the future of energy security. The increasing focus on finding alternative energy sources and diminishing global reliability on fossil fuels, has resulted in a surge in demand for uranium.
Uranium, used mainly in nuclear power plants, is one of the cleanest ways to produce electricity. Acknowledged for its sustainable and low-carbon footprint in addressing the increasing global energy demand, nuclear power stands out as a reliable source of electricity generation.
Given its pivotal role in the global energy landscape, uranium prices stand as a critical subject for investors and policymakers.
Uranium Prices Soar to 15-Year Peaked
Driven by robust market demand and bright prospects, according to carbon credits, the uranium spot price hit its 15-year peak, reaching $85 per pound, supporting analyst estimates for a future market rally in the metal’s price.
The metal, reaching its highest level since January 2008, stands out as an energy resource due to its significant role in nuclear energy generation. Driven by technological progress, the demand for effective energy sources is forecast to surge further.
The demand for the metal is being driven further by its pivotal position in achieving net zero emissions. The recent decision reached by COP28 indicates the anticipated expansion and significance of nuclear energy in shaping the future energy landscape.
Deal Struck at COP28
The 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly known as COP28, was the 28th United Nations Climate Change Conference.
At COP28, delegates from around 200 countries reached an agreement to initiate the reduction of global fossil fuel consumption, signifying a critical step in reducing the worst effects of climate change and the ultimate departure from the era of oil dependence.
After two weeks of intensive talks, according to Reuters, the deal entails shifting from fossil fuels within energy systems, in a methodical and fair way, aiming to reach net zero emissions by 2050, aligning with scientific findings.
The deal also urges governments to accelerate the goal of net zero emissions, specifically by tripling global renewable energy capacity by 2030, expediting initiatives to diminish coal usage and advancing technologies like carbon capture.
Increasing M&A Activity
According to Yahoo Finance, the uranium market is experiencing a significant transformation, driven by a recent surge and a wave of impactful mergers and acquisitions throughout North America, reshaping the uranium production landscape.
ETFs in Focus
Amid addressing climate change and ensuring energy stability, uranium remains crucial in shaping the global energy mix.
Below, we mention a few funds, which investors can use to increase their exposure in the metal and capitalize on its optimistic outlook.
Global X Uranium ETF (URA)
Global X Uranium ETF seeks to track the performance of the Solactive Global Uranium & Nuclear Components Total Return Index with a basket of 46 securities. The fund has an asset base of $2.5 billion and charges an annual fee of 0.69%.
Global X Uranium ETF has an exposure of 24.42% in Cameco Corp CCJ, one of the largest uranium producers globally. The fund has gained 43.33% year to date and 12.16% over the past three months.
Sprott Uranium Miners ETF (URNM)
Sprott Uranium Miners ETF seeks to track the performance of the North Shore Global Uranium Mining Index with a basket of 38 securities. The fund has an asset base of $1.63 billion and charges an annual fee of 0.83%.
Sprott Uranium Miners ETF has an exposure of 15.85% in Cameco Corp and has allocated around 49.9% of its assets to Canada and about 14.5% to Kazakhstan. The fund has gained 52.05% year to date and 13.66% over the past three months.
VanEck Uranium+Nuclear Energy ETF (NLR)
VanEck Uranium+Nuclear Energy ETF seeks to track the performance of the MVIS Global Uranium & Nuclear Energy Index with a basket of 27 securities. The fund has an asset base of $135.4 million and charges an annual fee of 0.61%.
VanEck Uranium+Nuclear Energy ETF has an exposure of 7.80% in Constellation Energy Corporation CEG and has also allocated about 40.12% of its assets to the United States and 18.55% to Canada. The fund has gained 34.54% year to date and 8.17% over the past three months.
Sprott Junior Uranium Miners ETF (URNJ)
Sprott Junior Uranium Miners ETF seeks to track the performance of the Nasdaq Sprott Junior Uranium Miners Index with a basket of 30 securities. The fund has gathered an asset base of $190 million and charges an annual fee of 0.80%.
Sprott Junior Uranium Miners ETF has an exposure of 17.09% in Uranium Energy UEC, followed by 12.79% in NexGen Energy NXE. The fund has gained 7.3% over the past three months and 2.22% over the past month.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
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 Energy Corporation (CEG) : Free Stock Analysis Report
Cameco Corporation (CCJ) : Free Stock Analysis Report
Uranium Energy Corp. (UEC) : Free Stock Analysis Report
VanEck Uranium+Nuclear Energy ETF (NLR): ETF Research Reports
Global X Uranium ETF (URA): ETF Research Reports
NexGen Energy (NXE) : Free Stock Analysis Report
Sprott Uranium Miners ETF (URNM): ETF Research Reports
Sprott Junior Uranium Miners ETF (URNJ): 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.
|
At COP28, delegates from around 200 countries reached an agreement to initiate the reduction of global fossil fuel consumption, signifying a critical step in reducing the worst effects of climate change and the ultimate departure from the era of oil dependence. After two weeks of intensive talks, according to Reuters, the deal entails shifting from fossil fuels within energy systems, in a methodical and fair way, aiming to reach net zero emissions by 2050, aligning with scientific findings. The deal also urges governments to accelerate the goal of net zero emissions, specifically by tripling global renewable energy capacity by 2030, expediting initiatives to diminish coal usage and advancing technologies like carbon capture.
|
Sprott Uranium Miners ETF (URNM) Sprott Uranium Miners ETF seeks to track the performance of the North Shore Global Uranium Mining Index with a basket of 38 securities. Sprott Junior Uranium Miners ETF (URNJ) Sprott Junior Uranium Miners ETF seeks to track the performance of the Nasdaq Sprott Junior Uranium Miners Index with a basket of 30 securities. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Cameco Corporation (CCJ) : Free Stock Analysis Report Uranium Energy Corp. (UEC) : Free Stock Analysis Report VanEck Uranium+Nuclear Energy ETF (NLR): ETF Research Reports Global X Uranium ETF (URA): ETF Research Reports NexGen Energy (NXE) : Free Stock Analysis Report Sprott Uranium Miners ETF (URNM): ETF Research Reports Sprott Junior Uranium Miners ETF (URNJ): ETF Research Reports To read this article on Zacks.com click here.
|
VanEck Uranium+Nuclear Energy ETF (NLR) VanEck Uranium+Nuclear Energy ETF seeks to track the performance of the MVIS Global Uranium & Nuclear Energy Index with a basket of 27 securities. Sprott Junior Uranium Miners ETF (URNJ) Sprott Junior Uranium Miners ETF seeks to track the performance of the Nasdaq Sprott Junior Uranium Miners Index with a basket of 30 securities. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Cameco Corporation (CCJ) : Free Stock Analysis Report Uranium Energy Corp. (UEC) : Free Stock Analysis Report VanEck Uranium+Nuclear Energy ETF (NLR): ETF Research Reports Global X Uranium ETF (URA): ETF Research Reports NexGen Energy (NXE) : Free Stock Analysis Report Sprott Uranium Miners ETF (URNM): ETF Research Reports Sprott Junior Uranium Miners ETF (URNJ): ETF Research Reports To read this article on Zacks.com click here.
|
Given its pivotal role in the global energy landscape, uranium prices stand as a critical subject for investors and policymakers. VanEck Uranium+Nuclear Energy ETF (NLR) VanEck Uranium+Nuclear Energy ETF seeks to track the performance of the MVIS Global Uranium & Nuclear Energy Index with a basket of 27 securities. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Cameco Corporation (CCJ) : Free Stock Analysis Report Uranium Energy Corp. (UEC) : Free Stock Analysis Report VanEck Uranium+Nuclear Energy ETF (NLR): ETF Research Reports Global X Uranium ETF (URA): ETF Research Reports NexGen Energy (NXE) : Free Stock Analysis Report Sprott Uranium Miners ETF (URNM): ETF Research Reports Sprott Junior Uranium Miners ETF (URNJ): ETF Research Reports To read this article on Zacks.com click here.
|
7c2de54d-8eba-4630-95e1-220244742136
|
711206.0
|
2023-12-16 00:00:00 UTC
|
Why Costco Rallied Today
|
DCOMP
|
https://www.nasdaq.com/articles/why-costco-rallied-today
|
nan
|
nan
|
Shares of Costco Wholesale (NASDAQ: COST) were rallying today, up 3.1% as of 1:38 p.m. ET.
At the end of last week, the discount retailer reported strong earnings and announced a special dividend to be paid out in January.
Investors and analysts continue to be impressed with the numbers, as a prominent Wall Street analyst raised his price target on shares today.
TD Cowen raises to $700
Today, analysts at TD Cowen raised their price target on Costco from $680 to $700, while maintaining their overweight rating on the stock. While some investors may balk at Costco's high valuation around 46 times earnings, the analysts at TD Cowen believe Costco can continue to grow via both new stores and increased traffic. Even though inflation has come down a lot, Costco was still able to grow comps through volume, increased membership, and traffic in the first fiscal quarter.
Today's note follows other upgrades last week, and for good reason. In the 12 weeks ended Nov. 20, revenue grew a healthy 6.2%, in line with estimates, while earnings per share grew 17% to $3.58, beating expectations for $3.42. Comparable store sales, which show how much growth occurred at existing stores relative to one year ago, were also solid, up 3.9% on an adjusted basis.
Basically, Costco continues to chug along, steadily growing in spite of higher interest rates biting into consumer spending.
In addition, Costco announced a special dividend of $15 that will be paid out in January to shareholders of record as of Dec. 28. That means the company's ex-dividend date is Dec. 27. So shareholders looking at getting in on that dividend need to own the stock before Tuesday, Dec. 26. That upcoming Christmas present to shareholders could also explain some of the buying in the stock today.
Costco pays a small dividend, but has historically paid special dividends about once every three years. This $15 special payout will be its largest ever, compared with the $7, $5, $7, and $10 special dividends paid out in 2012, 2015, 2017, and 2020, respectively. The $15 dividend amounts to roughly an extra 2.2% yield at today's price on top of Costco's regular 0.6% dividend.
Costco may be the best retailer on the planet, but is priced accordingly
At 46 times earnings, it's a little hard to say Costco stock is a screaming buy here, even when factoring in the upcoming special dividend.
That said, over the long run, Costco is likely to do well for its shareholders. That will be especially true, I think, if it continues to find success in China. The company only entered China recently, and has just five warehouses there, with plans to open up a sixth in the upcoming year. That compares with 600 warehouses in the U.S. and Puerto Rico and 871 overall.
Given China's massive size and affinity for the discount brand, Costco's China opportunity could very well justify this type of valuation.
Should you invest $1,000 in Costco Wholesale right now?
Before you buy stock in Costco Wholesale, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Costco Wholesale wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 18, 2023
Billy Duberstein has positions in Costco Wholesale. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
At the end of last week, the discount retailer reported strong earnings and announced a special dividend to be paid out in January. Even though inflation has come down a lot, Costco was still able to grow comps through volume, increased membership, and traffic in the first fiscal quarter. Basically, Costco continues to chug along, steadily growing in spite of higher interest rates biting into consumer spending.
|
TD Cowen raises to $700 Today, analysts at TD Cowen raised their price target on Costco from $680 to $700, while maintaining their overweight rating on the stock. While some investors may balk at Costco's high valuation around 46 times earnings, the analysts at TD Cowen believe Costco can continue to grow via both new stores and increased traffic. Before you buy stock in Costco Wholesale, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Costco Wholesale wasn't one of them.
|
While some investors may balk at Costco's high valuation around 46 times earnings, the analysts at TD Cowen believe Costco can continue to grow via both new stores and increased traffic. Costco may be the best retailer on the planet, but is priced accordingly At 46 times earnings, it's a little hard to say Costco stock is a screaming buy here, even when factoring in the upcoming special dividend. Before you buy stock in Costco Wholesale, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Costco Wholesale wasn't one of them.
|
While some investors may balk at Costco's high valuation around 46 times earnings, the analysts at TD Cowen believe Costco can continue to grow via both new stores and increased traffic. The company only entered China recently, and has just five warehouses there, with plans to open up a sixth in the upcoming year. Before you buy stock in Costco Wholesale, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Costco Wholesale wasn't one of them.
|
33bcdaec-047c-4c28-9968-0936608f717a
|
711207.0
|
2023-12-16 00:00:00 UTC
|
Sunstone Hotel Investors' Series H Preferred Stock Shares Cross 7% Yield Mark
|
DCOMP
|
https://www.nasdaq.com/articles/sunstone-hotel-investors-series-h-preferred-stock-shares-cross-7-yield-mark
|
nan
|
nan
|
In trading on Monday, shares of Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5313), with shares changing hands as low as $21.83 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SHO.PRH was trading at a 12.00% discount to its liquidation preference amount, versus the average discount of 14.67% in the "Real Estate" category.
Below is a dividend history chart for SHO.PRH, showing historical dividend payments on Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock:
In Monday trading, Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) is currently off about 0.8% on the day, while the common shares (Symbol: SHO) are down about 0.2%.
Click here to find out the 50 highest yielding preferreds »
Also see:
Technology Stocks Hedge Funds Are Buying
SCPS shares outstanding history
SYNM Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5313), with shares changing hands as low as $21.83 on the day. Below is a dividend history chart for SHO.PRH, showing historical dividend payments on Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock: In Monday trading, Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) is currently off about 0.8% on the day, while the common shares (Symbol: SHO) are down about 0.2%. Click here to find out the 50 highest yielding preferreds » Also see: Technology Stocks Hedge Funds Are Buying SCPS shares outstanding history SYNM Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5313), with shares changing hands as low as $21.83 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Below is a dividend history chart for SHO.PRH, showing historical dividend payments on Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock: In Monday trading, Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) is currently off about 0.8% on the day, while the common shares (Symbol: SHO) are down about 0.2%.
|
In trading on Monday, shares of Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5313), with shares changing hands as low as $21.83 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Below is a dividend history chart for SHO.PRH, showing historical dividend payments on Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock: In Monday trading, Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) is currently off about 0.8% on the day, while the common shares (Symbol: SHO) are down about 0.2%.
|
In trading on Monday, shares of Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (Symbol: SHO.PRH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5313), with shares changing hands as low as $21.83 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SHO.PRH was trading at a 12.00% discount to its liquidation preference amount, versus the average discount of 14.67% in the "Real Estate" category.
|
2a8c876e-87e0-45ac-8519-7a5211eae2fe
|
711208.0
|
2023-12-16 00:00:00 UTC
|
Monday Sector Leaders: Energy, Consumer Products
|
DCOMP
|
https://www.nasdaq.com/articles/monday-sector-leaders%3A-energy-consumer-products-0
|
nan
|
nan
|
Looking at the sectors faring best as of midday Monday, shares of Energy companies are outperforming other sectors, higher by 1.2%. Within the sector, Valero Energy Corp (Symbol: VLO) and Diamondback Energy, Inc. (Symbol: FANG) are two large stocks leading the way, showing a gain of 2.4% and 2.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.2% on the day, and up 2.69% year-to-date. Valero Energy Corp, meanwhile, is up 13.12% year-to-date, and Diamondback Energy, Inc. is up 25.06% year-to-date. Combined, VLO and FANG make up approximately 5.6% of the underlying holdings of XLE.
The next best performing sector is the Consumer Products sector, up 0.5%. Among large Consumer Products stocks, Hasbro, Inc. (Symbol: HAS) and Johnson Controls International plc (Symbol: JCI) are the most notable, showing a gain of 3.6% and 2.9%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 1.1% in midday trading, and down 3.07% on a year-to-date basis. Hasbro, Inc., meanwhile, is down 11.20% year-to-date, and Johnson Controls International plc, is down 14.40% year-to-date.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, six sectors are up on the day, while two sectors are down.
SECTOR % CHANGE
Energy +1.2%
Consumer Products +0.5%
Services +0.3%
Technology & Communications +0.2%
Industrial +0.2%
Healthcare +0.1%
Materials 0.0%
Utilities -0.1%
Financial -0.1%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
IGN shares outstanding history
Funds Holding FGRO
CSX DMA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Combined, VLO and FANG make up approximately 5.6% of the underlying holdings of XLE. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. Energy +1.2% Consumer Products +0.5% Services +0.3% Technology & Communications +0.2% Industrial +0.2% Healthcare +0.1% Materials 0.0% Utilities -0.1% Financial -0.1% 10 ETFs With Stocks That Insiders Are Buying » Also see: IGN shares outstanding history Funds Holding FGRO
|
Within the sector, Valero Energy Corp (Symbol: VLO) and Diamondback Energy, Inc. (Symbol: FANG) are two large stocks leading the way, showing a gain of 2.4% and 2.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.2% on the day, and up 2.69% year-to-date. Among large Consumer Products stocks, Hasbro, Inc. (Symbol: HAS) and Johnson Controls International plc (Symbol: JCI) are the most notable, showing a gain of 3.6% and 2.9%, respectively.
|
Within the sector, Valero Energy Corp (Symbol: VLO) and Diamondback Energy, Inc. (Symbol: FANG) are two large stocks leading the way, showing a gain of 2.4% and 2.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.2% on the day, and up 2.69% year-to-date. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday.
|
Within the sector, Valero Energy Corp (Symbol: VLO) and Diamondback Energy, Inc. (Symbol: FANG) are two large stocks leading the way, showing a gain of 2.4% and 2.1%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.2% on the day, and up 2.69% year-to-date. The next best performing sector is the Consumer Products sector, up 0.5%.
|
b17a459b-2d25-40dd-b60d-5b01bcb2870a
|
711209.0
|
2023-12-16 00:00:00 UTC
|
Monday Sector Laggards: Utilities, Financial
|
DCOMP
|
https://www.nasdaq.com/articles/monday-sector-laggards%3A-utilities-financial-3
|
nan
|
nan
|
In afternoon trading on Monday, Utilities stocks are the worst performing sector, showing a 0.1% loss. Within the sector, Exelon Corp (Symbol: EXC) and PG&E Corp (Symbol: PCG) are two of the day's laggards, showing a loss of 3.3% and 2.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and down 7.90% year-to-date. Exelon Corp, meanwhile, is down 17.15% year-to-date, and PG&E Corp is up 10.75% year-to-date. Combined, EXC and PCG make up approximately 7.6% of the underlying holdings of XLU.
The next worst performing sector is the Financial sector, showing a 0.1% loss. Among large Financial stocks, M & T Bank Corp (Symbol: MTB) and Blackrock Inc (Symbol: BLK) are the most notable, showing a loss of 2.6% and 2.4%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is down 0.2% in midday trading, and up 9.95% on a year-to-date basis. M & T Bank Corp, meanwhile, is down 0.55% year-to-date, and Blackrock Inc is up 15.04% year-to-date. Combined, MTB and BLK make up approximately 2.7% of the underlying holdings of XLF.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, six sectors are up on the day, while two sectors are down.
SECTOR % CHANGE
Energy +1.2%
Consumer Products +0.5%
Services +0.3%
Technology & Communications +0.2%
Industrial +0.2%
Healthcare +0.1%
Materials 0.0%
Utilities -0.1%
Financial -0.1%
25 Dividend Giants Widely Held By ETFs »
Also see:
Funds Holding NEWM
Top Ten Hedge Funds Holding TAXI
Funds Holding BARK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In afternoon trading on Monday, Utilities stocks are the worst performing sector, showing a 0.1% loss. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. Energy +1.2% Consumer Products +0.5% Services +0.3% Technology & Communications +0.2% Industrial +0.2% Healthcare +0.1% Materials 0.0% Utilities -0.1% Financial -0.1% 25 Dividend Giants Widely Held By ETFs » Also see: Funds Holding NEWM Top Ten Hedge Funds Holding TAXI Funds Holding BARK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In afternoon trading on Monday, Utilities stocks are the worst performing sector, showing a 0.1% loss. Within the sector, Exelon Corp (Symbol: EXC) and PG&E Corp (Symbol: PCG) are two of the day's laggards, showing a loss of 3.3% and 2.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and down 7.90% year-to-date.
|
Within the sector, Exelon Corp (Symbol: EXC) and PG&E Corp (Symbol: PCG) are two of the day's laggards, showing a loss of 3.3% and 2.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and down 7.90% year-to-date. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is down 0.2% in midday trading, and up 9.95% on a year-to-date basis.
|
Within the sector, Exelon Corp (Symbol: EXC) and PG&E Corp (Symbol: PCG) are two of the day's laggards, showing a loss of 3.3% and 2.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and down 7.90% year-to-date. Among large Financial stocks, M & T Bank Corp (Symbol: MTB) and Blackrock Inc (Symbol: BLK) are the most notable, showing a loss of 2.6% and 2.4%, respectively.
|
fbde14c6-5ad5-4ea8-8963-b21f976b143f
|
711210.0
|
2023-12-16 00:00:00 UTC
|
3 Blue-Chip Stocks Set to Outperform the Market Through 2030
|
DCOMP
|
https://www.nasdaq.com/articles/3-blue-chip-stocks-set-to-outperform-the-market-through-2030
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As we enter a new year, investors seek blue-chip stocks that will outperform the market. However, identifying these stocks won’t be an easy task at hand. After the 2022 bear market, large-cap technology stocks led the market rebound in 2023. Therefore, buying them at these levels may not be the wisest decision.
There exists an array of blue-chip stocks that have largely flown under the radar in 2023. This will give them much more room to outperform the market through 2030 as interest rates come down. These companies are not only capable of significant outperformance, but also able to weather the market’s uncertainties.
Now, let’s discuss the three best Blue-Chip Stocks set to outperform!
Deere & Company (DE)
Source: Jim Lambert / Shutterstock.com
Deere & Company (NYSE:DE) is a blue-chip stock that is quietly flying under the radar. Over the last 3 years, the company has seen robust revenue and EPS growth.
Deere & Company stock is currently down 9% year-to-date (YTD), despite continuing to report strong year-over-year (YoY) growth metrics. During the 2022 fiscal year, the company remained extremely resilient despite supply chain constraints impacting the infrastructure equipment market. However, 2023 proved to be yet another resilient year and the prospect of interest rate cuts could be a key catalyst in 2024.
For the 2023 fiscal year, Deere’s revenue swelled 16.5% YoY to $61.25 billion. Net income was $10.16 billion, or $34.63 per share. This was above the company’s revenue and EPS estimates, after they raised estimates a second time in 2023. It is clear that Deere continues to execute on all cylinders as net income and revenue rose more than 40% for FY23. With a forward P/E of 13.64, DE stock appears to be undervalued and set to gain steam ahead of 2024.
Oracle (ORCL)
Source: Jonathan Weiss / Shutterstock.com
Oracle (NYSE:ORCL) stock is hitting a key inflection point as generative AI strengthens the company’s long term outlook. Despite missing on revenue in their latest quarterly results, investors cannot ignore Oracle’s long term FCF potential.
2023 has proven to be a transformative year for companies in the cloud services business. The cloud infrastructure market has seen continued momentum over the last decade and generative AI makes the story much different. Artificial intelligence is here to stay, and those at the forefront of this technological advancement will be the sole beneficiaries.
Oracle’s cloud revenue has maintained sequential growth largely driven by their generative AI strategy. CEO Safra Katz, said that ‘’Our cloud businesses are at nearly a $20 billion run rate, and cloud services are growing at an unprecedented rate.’’ AI cloud deployment is rising at such a rapid pace that cloud companies cannot keep up with the amount of data that needs to be stored. With the stock falling after their recent Q2 FY24, now is a good time to scoop up shares for the long term.
McDonald’s Corp (MCD)
Source: Vytautas Kielaitis / Shutterstock
McDonald’s Corp (NYSE:MCD) is an American multinational food services company headquartered in Chicago, Illinois. They’re one of the most iconic brands in the world, serving more than 69 million customers per day.
Over the last several decades, McDonald’s Corporation has delivered above average shareholder returns. The company has survived every major financial crisis and its strong brand recognition gives it a unique competitive advantage. If you’re reading this article, there is a strong likelihood that you’ve enjoyed a meal from McDonald’s. However, this is not just what makes this company special.
More recently, McDonald’s has eyed a large global expansion plan that has investors excited. The company has ambitions to reach 50,000 restaurants by 2027. That is an additional 8,802 more restaurants than the 41,198 restaurants for the quarter that ended in September. They have also beefed up their loyalty membership count from 150 million users to 250 million. These two key catalysts are likely to drive McDonald’s top line revenue growth over the next decade as it has stagnated in recent years.
On the date of publication, Terel Miles did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.
More From InvestorPlace
The #1 AI Investment Might Be This Company You’ve Never Heard Of
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Blue-Chip Stocks Set to Outperform the Market Through 2030 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.
|
During the 2022 fiscal year, the company remained extremely resilient despite supply chain constraints impacting the infrastructure equipment market. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Blue-Chip Stocks Set to Outperform the Market Through 2030 appeared first on InvestorPlace.
|
Deere & Company (DE) Source: Jim Lambert / Shutterstock.com Deere & Company (NYSE:DE) is a blue-chip stock that is quietly flying under the radar. Oracle (ORCL) Source: Jonathan Weiss / Shutterstock.com Oracle (NYSE:ORCL) stock is hitting a key inflection point as generative AI strengthens the company’s long term outlook. McDonald’s Corp (MCD) Source: Vytautas Kielaitis / Shutterstock McDonald’s Corp (NYSE:MCD) is an American multinational food services company headquartered in Chicago, Illinois.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips As we enter a new year, investors seek blue-chip stocks that will outperform the market. Deere & Company (DE) Source: Jim Lambert / Shutterstock.com Deere & Company (NYSE:DE) is a blue-chip stock that is quietly flying under the radar. Oracle (ORCL) Source: Jonathan Weiss / Shutterstock.com Oracle (NYSE:ORCL) stock is hitting a key inflection point as generative AI strengthens the company’s long term outlook.
|
Now, let’s discuss the three best Blue-Chip Stocks set to outperform! These two key catalysts are likely to drive McDonald’s top line revenue growth over the next decade as it has stagnated in recent years. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Blue-Chip Stocks Set to Outperform the Market Through 2030 appeared first on InvestorPlace.
|
46d4af54-fa59-4ddf-8903-f7119dda8a15
|
711211.0
|
2023-12-16 00:00:00 UTC
|
Now hiring: suddenly, jobs are going to these healthcare stocks
|
DCOMP
|
https://www.nasdaq.com/articles/now-hiring%3A-suddenly-jobs-are-going-to-these-healthcare-stocks
|
nan
|
nan
|
Markets have been swinging between bearish and bullish territory in the past few quarters, driven by similar bounces between the upper and lower bounds of the U.S. economy. You see, 2023 saw heightened fears surrounding rate hikes and their pending effects; now, just the opposite is happening.
Now that the FED is turning more dovish than before, even pointing to six rate cuts coming in 2024, markets have rallied in the past week. However, some wonder why the FED would be looking to cut rates? Are they expecting a significant downturn ahead to make them choose this strategy?
Hence, the sideways market you are in; one thing is for sure, however, a bulk of economic activity - and investment dollars - is headed to the medical stocks space. Names like Pfizer (NYSE: PFE), Merck & Co. (NYSE: MRK), and Eli Lilly (NYSE: LLY) are being rewarded by markets today for reasons that will become obvious in just a bit.
Amazing recovery
According to the latest employment situation reports, better known as the NFP (non-farm payrolls), the United States economy added 199 thousand jobs last month. MarketBeat has done the homework to bring you an in-depth look as to where the bulk of employment have been headed; here's the answer:
99 thousand jobs moved into the healthcare sector, which is 49.7% of the total jobs added! What this means for you is that if the industry is seeking higher employment prospects, you bet your bottom dollar that profits and business activity are making their way there, too.
And it makes sense when you think about it. Suppose the market is still determining why or how the FED will start implementing another wave of 'quantitative easing.' In that case, employers and investors will bet on a safe space, and healthcare is one of those sectors that will always be here to carry the weight.
But, as great investors always say, a story without numbers is just a fairytale, and investing based on numbers alone is basing your wealth's fate on a spreadsheet. So, now that the numbers are in and carry a reasonable story behind them, it is time for you to check whether markets agree.
Starting with analyst estimates, especially those regarding earnings per share growth projections in the next twelve months, the industry is shooting for an average growth rate pushing into the 11.8% level.
Knowing what you know now, you can use this growth benchmark to pick and choose the gems of the industry that are set to blow these averages out of the water and bring you the price action needed to make serious returns.
Checklist
Picking and choosing can start with Pfizer, the smallest of the three in this list, small being $162.5 billion. Analysts have released their bold estimates for EPS growth at 46.1% in the next twelve months, which is 290.1% above the industry's average growth.
With this in mind, it should be no surprise that these same analysts have landed on a consensus price target of $40.3 a share for this stock. Proving these targets right would require the stock to rally by as much as 48.4% from today's prices.
But wait, there's more. Because this stock is trading at 49.0% of its 52-week high prices, making it the worst performer in the space, management comes to reiterate how undervalued the stock is by paying you 6.0% in an annualized dividend yield, which simply beats inflation and the 10-year treasury yield.
This is a tough act to follow, but rest assured the rest of the list carries its own set of explosive marks. Merck analysts are expecting EPS to grow by 522.6% over the next twelve months; the math is just too crazy to explain how high above the industry average this one is.
With a $125.1 price target, there is still a double-digit upside from today's prices in this stock as well, to the tune of 16.9%. You can now see how following the money (jobs) can pay off in terms of wealth building.
Last but not least, you have Eli Lilly to worry about. For this household name, analysts see EPS jumping by 92.1% over the next year, multiples higher than the industry average.
So there you have it; if upside momentum is essential to you, you may want to stick with Eli Lilly, considering it trades at 95.0% of its 52-week high. But if, instead, dividend income and value are at the top of your checklist, you know that Pfizer is a better watchlist candidate.
Either way, jobs are going to the space, and so is the money, so choose wisely.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Markets have been swinging between bearish and bullish territory in the past few quarters, driven by similar bounces between the upper and lower bounds of the U.S. economy. Amazing recovery According to the latest employment situation reports, better known as the NFP (non-farm payrolls), the United States economy added 199 thousand jobs last month. Merck analysts are expecting EPS to grow by 522.6% over the next twelve months; the math is just too crazy to explain how high above the industry average this one is.
|
Hence, the sideways market you are in; one thing is for sure, however, a bulk of economic activity - and investment dollars - is headed to the medical stocks space. Names like Pfizer (NYSE: PFE), Merck & Co. (NYSE: MRK), and Eli Lilly (NYSE: LLY) are being rewarded by markets today for reasons that will become obvious in just a bit. Amazing recovery According to the latest employment situation reports, better known as the NFP (non-farm payrolls), the United States economy added 199 thousand jobs last month.
|
Starting with analyst estimates, especially those regarding earnings per share growth projections in the next twelve months, the industry is shooting for an average growth rate pushing into the 11.8% level. Knowing what you know now, you can use this growth benchmark to pick and choose the gems of the industry that are set to blow these averages out of the water and bring you the price action needed to make serious returns. Because this stock is trading at 49.0% of its 52-week high prices, making it the worst performer in the space, management comes to reiterate how undervalued the stock is by paying you 6.0% in an annualized dividend yield, which simply beats inflation and the 10-year treasury yield.
|
However, some wonder why the FED would be looking to cut rates? MarketBeat has done the homework to bring you an in-depth look as to where the bulk of employment have been headed; here's the answer: 99 thousand jobs moved into the healthcare sector, which is 49.7% of the total jobs added! So there you have it; if upside momentum is essential to you, you may want to stick with Eli Lilly, considering it trades at 95.0% of its 52-week high.
|
eb5c4e2a-857a-484c-99b9-1f4652b39b3d
|
711212.0
|
2023-12-16 00:00:00 UTC
|
Why FuelCell Stock Popped 15% This Morning -- Then Dropped
|
DCOMP
|
https://www.nasdaq.com/articles/why-fuelcell-stock-popped-15-this-morning-then-dropped
|
nan
|
nan
|
Shares of fuel cell pioneer and Plug Power rival FuelCell Energy (NASDAQ: FCEL) surged nearly 15% Monday morning after FuelCell announced a new partnership with ExxonMobil (NYSE: XOM) to test a new kind of fuel cell useful for carbon capture.
As of 12:30 p.m. ET, FuelCell had given back most of its gains but remains up 2.9%.
What are FuelCell Energy and Exxon up to?
FuelCell will partner with Exxon's Amsterdam, Netherlands subsidiary to demonstrate the new technology, known as carbonate fuel cell (CFC). As for how it works, well, my high school chemistry is a little rusty, but in essence CFC appears to take in methane from natural gas or coal, combine it with water, and create heat, electricity, and (some, less) water as its output. Some carbon dioxide (CO2) is also emitted from the reaction, but part of the CO2 created is recycled to keep the reaction going, resulting in lower CO2 emissions than would otherwise result.
Thus, this particular hydrogen fuel cell technology can be summarized as a means of decreasing CO2 output while also producing heat and electricity.
Why didn't FuelCell stock hold on to all of its gains?
That sounds like a good idea, but it raises the question: Is it not as good of an idea this afternoon as it sounded earlier this morning? Is that the reason FuelCell stock gave back so much of its early gains?
Well, the admission that CFC does still result in the creation of CO2 probably came as a bit of a letdown to investors who first heard of the technology today. A bigger concern, though, may be that FuelCell's press release didn't contain any specifics on the revenue value of the demonstration project, or any promise that it will turn FuelCell stock profitable.
After waiting 25 years for FuelCell to earn a profit (according to data from S&P Global Market Intelligence, FuelCell booked its last profitable year in 1997), investors may be getting a bit impatient. I can hardly blame them for that.
Should you invest $1,000 in FuelCell Energy right now?
Before you buy stock in FuelCell Energy, 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 FuelCell Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 18, 2023
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of fuel cell pioneer and Plug Power rival FuelCell Energy (NASDAQ: FCEL) surged nearly 15% Monday morning after FuelCell announced a new partnership with ExxonMobil (NYSE: XOM) to test a new kind of fuel cell useful for carbon capture. FuelCell will partner with Exxon's Amsterdam, Netherlands subsidiary to demonstrate the new technology, known as carbonate fuel cell (CFC). Thus, this particular hydrogen fuel cell technology can be summarized as a means of decreasing CO2 output while also producing heat and electricity.
|
FuelCell will partner with Exxon's Amsterdam, Netherlands subsidiary to demonstrate the new technology, known as carbonate fuel cell (CFC). Before you buy stock in FuelCell Energy, 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 FuelCell Energy wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Rich Smith has no position in any of the stocks mentioned.
|
Shares of fuel cell pioneer and Plug Power rival FuelCell Energy (NASDAQ: FCEL) surged nearly 15% Monday morning after FuelCell announced a new partnership with ExxonMobil (NYSE: XOM) to test a new kind of fuel cell useful for carbon capture. Before you buy stock in FuelCell Energy, 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 FuelCell Energy wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Rich Smith has no position in any of the stocks mentioned.
|
Why didn't FuelCell stock hold on to all of its gains? Before you buy stock in FuelCell Energy, 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 FuelCell Energy wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Rich Smith has no position in any of the stocks mentioned.
|
c1e473e8-1608-469d-9c3b-6a95b16f774f
|
711213.0
|
2023-12-16 00:00:00 UTC
|
Health Care Sector Update for 12/18/2023: ILMN, MIRM, MASI
|
DCOMP
|
https://www.nasdaq.com/articles/health-care-sector-update-for-12-18-2023%3A-ilmn-mirm-masi
|
nan
|
nan
|
Health care stocks were higher Monday afternoon with the NYSE Health Care Index rising 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%.
The iShares Biotechnology ETF (IBB) fell 0.8%.
In corporate news, Illumina (ILMN) said it will sell cancer test maker Grail after a US appeals court ordered the Federal Trade Commission to open a new review of its purchase of Grail. Illumina shares rose nearly 2%.
Mirum Pharmaceuticals (MIRM) shares plunged 19% after the company said its phase 2b trial assessing Livmarli in people with biliary atresia failed to meet the primary and secondary endpoints.
Masimo (MASI) jumped past 5% after saying it has received US Food and Drug Administration clearance for its Stork baby monitoring system for prescription use.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In corporate news, Illumina (ILMN) said it will sell cancer test maker Grail after a US appeals court ordered the Federal Trade Commission to open a new review of its purchase of Grail. Mirum Pharmaceuticals (MIRM) shares plunged 19% after the company said its phase 2b trial assessing Livmarli in people with biliary atresia failed to meet the primary and secondary endpoints. Masimo (MASI) jumped past 5% after saying it has received US Food and Drug Administration clearance for its Stork baby monitoring system for prescription use.
|
Health care stocks were higher Monday afternoon with the NYSE Health Care Index rising 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%. Illumina shares rose nearly 2%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Health care stocks were higher Monday afternoon with the NYSE Health Care Index rising 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%. In corporate news, Illumina (ILMN) said it will sell cancer test maker Grail after a US appeals court ordered the Federal Trade Commission to open a new review of its purchase of Grail. Mirum Pharmaceuticals (MIRM) shares plunged 19% after the company said its phase 2b trial assessing Livmarli in people with biliary atresia failed to meet the primary and secondary endpoints.
|
Health care stocks were higher Monday afternoon with the NYSE Health Care Index rising 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%. The iShares Biotechnology ETF (IBB) fell 0.8%. In corporate news, Illumina (ILMN) said it will sell cancer test maker Grail after a US appeals court ordered the Federal Trade Commission to open a new review of its purchase of Grail.
|
3b30f3a3-4017-4d05-83c7-40482c6cee6d
|
711214.0
|
2023-12-16 00:00:00 UTC
|
US STOCKS-Wall St builds on rally as Fed euphoria lingers
|
DCOMP
|
https://www.nasdaq.com/articles/us-stocks-wall-st-builds-on-rally-as-fed-euphoria-lingers
|
nan
|
nan
|
By Stephen Culp
NEW YORK, Dec 18 (Reuters) - U.S. stocks advanced 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.
All three major U.S. stock indexes gained ground in a broad but modest rally, with the S&P 500 and the Nasdaq advancing the most and the Dow inching toward yet another all-time closing high, posting nominal gains.
Wall Street continues to build on seven straight weeks of gains, the S&P 500's longest weekly winning streak since 2017, fueled by optimism of policy rate cuts in 2024, a fervor that Fed policy makers attempted to rein in on Monday.
The S&P 500 was last about 1.1% shy of its all-time record close, reached in January 2022.
"It's a carry-over from the seven-week advance that we’ve seen, reflecting the confirmation by the Fed that they are likely finished raising rates and that they will start to cut interest rates at least by the second quarter of 2024," said Sam Stovall, chief investment strategist of CFRA Research in New York. "But trees don’t grow to the sky, so sooner or later stocks will take a breather and digest some of these gains."
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.
"The Fed would like the market to respond in a more measured fashion, while also reminding investors that since the Fed is data-dependent, there's no guarantee that what we think today will actually come to fruition," Stovall added.
Later in the week, as the Christmas holiday draws near, the Commerce Department is expected to release its third and final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation.
At 2:07 p.m. EST, the Dow Jones Industrial Average .DJI rose 19.2 points, or 0.05%, to 37,324.36, the S&P 500 .SPX gained 26.72 points, or 0.57%, to 4,745.91 and the Nasdaq Composite .IXIC added 107.49 points, or 0.73%, to 14,921.41.
Of the 11 major sectors in the S&P 500, communication services .SPLRCL were up the most, with real estate .SPLRCR suffering the biggest percentage drop.
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 were last up 1.1%.
United States Steel X.N jumped 27.2% 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 0.7% as China's ban on the company's iPhones and other foreign-made gadgets gathered momentum.
VF Corp VFC.N slid 7.6% after the Vans sneaker maker said it was investigating "unauthorized" activity on its computer systems, an incident that 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 1.20-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.
The S&P 500 posted 29 new 52-week highs and two new lows; the Nasdaq Composite recorded 110 new highs and 90 new lows.
(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.
|
By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks advanced 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, as the Christmas holiday draws near, 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.
|
By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks advanced 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. All three major U.S. stock indexes gained ground in a broad but modest rally, with the S&P 500 and the Nasdaq advancing the most and the Dow inching toward yet another all-time closing high, posting nominal gains. At 2:07 p.m. EST, the Dow Jones Industrial Average .DJI rose 19.2 points, or 0.05%, to 37,324.36, the S&P 500 .SPX gained 26.72 points, or 0.57%, to 4,745.91 and the Nasdaq Composite .IXIC added 107.49 points, or 0.73%, to 14,921.41.
|
By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks advanced 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. All three major U.S. stock indexes gained ground in a broad but modest rally, with the S&P 500 and the Nasdaq advancing the most and the Dow inching toward yet another all-time closing high, posting nominal gains. 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.
|
By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks advanced 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. All three major U.S. stock indexes gained ground in a broad but modest rally, with the S&P 500 and the Nasdaq advancing the most and the Dow inching toward yet another all-time closing high, posting nominal gains. 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.
|
1d7bad47-4eb8-4eb0-8c4b-4b2bcf2f4286
|
711215.0
|
2023-12-16 00:00:00 UTC
|
3 Lithium Stocks You’ll Regret Not Buying Soon: December Edition
|
DCOMP
|
https://www.nasdaq.com/articles/3-lithium-stocks-youll-regret-not-buying-soon%3A-december-edition
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Lithium stocks have been depressed through 2023 on the back of weakness in lithium’s price. And yet, the saying, “Be greedy when others are fearful,” perfectly fits lithium stocks today. Even at deeply oversold levels, buying interest has been relatively sluggish. However, I would recommend exposure to some of the best lithium stocks for multi-bagger returns in the next 36 months.
It’s worth noting that lithium shortage is very likely. In the long term, it’s forecasted that the lithium supply-gap will be at least 1.1 million tons by 2035. And of course, this supply gap will build over time. Other analysts believe that a lithium shortage can come as early as 2025. Coupled with demand from the electric vehicle (EV) industry, these projections point to lithium trending higher.
Once sentiments reverse for lithium, the stocks discussed in this column are likely to skyrocket. Let’s discuss the reasons to be bullish on these undervalued lithium stocks.
Albemarle Corporation (ALB)
Source: IgorGolovniov/Shutterstock.com
While Albemarle Corporation’s (NYSE:ALB) stock had recently touched lows of $112, the rally from deeply oversold levels has been sharp. Today, ALB stock trades near $150. However, at a forward price-earnings ratio of 6.8, it’s among the best lithium stocks to buy. ALB stock also offers a dividend yield of 1.09% and I expect healthy dividend growth in the coming years.
From a company-specific perspective, there are multiple reasons to be bullish. First, Albemarle expects sales growth of 35% to 45% for the year even with depressed lithium prices. While EBITDA margin will be impacted, the company is likely to maintain robust growth in the next five years.
To put things into perspective, Albemarle expects to increase lithium conversion capacity to 600ktpa by 2027. This would imply a tripling of capacity from 2022 levels. If this expansion is associated with an upside in lithium, the company is positioned for healthy revenue and cash flow growth.
Lithium Americas (LAC)
Source: Wirestock Creators / Shutterstock.com
I would bet on Lithium Americas (NYSE:LAC) stock delivering 3x to 5x returns in the next 36 months. Moreover, I can say this with some conviction considering the underlying lithium asset and its valuation.
Lithium Americas has ownership of the Thacker Pass project, which has the largest measured and indicated lithium resource in the U.S. The asset has an after-tax net present value of $5.7 billion. For comparison, Lithium Americas’s market valuation is $1.1 billion.
Of course, production is expected only in 2026. However, the markets are likely to discount the asset valuation in the coming quarters as lithium trends higher.
I also don’t see any concerns from a financing perspective with General Motors (NYSE:GM) investing $650 million in the project. General Motors also has an off-take agreement for 10-years from the first phase of the project. This provides revenue visibility once production commences from the asset.
Standard Lithium (SLI)
Source: GrAl / Shutterstock.com
Standard Lithium (NYSE:SLI) is among the penny lithium stocks to buy for multibagger returns potential. From current levels of $2, I would expect five or 10-bagger returns over the next 36 months. The basic condition for this assumption to hold true is that lithium will trend higher.
Like Lithium Americas, the story for Standard Lithium is based on the value of the underlying asset. The company’s South West Arkansas Project (Lanxess) is the first commercial project with an after-tax net present value of $722 million.
However, this is the tip of the iceberg when we look at the project that’s 25 miles west of the Lanxess. The asset has one of the highest confirmed lithium grade brine in Arkansas with a base case net present value of $4.5 billion.
Therefore, the market valuation of Standard Lithium at $350 million is minuscule compared to the company’s asset valuation. I believe that potential financing of the major project and a lithium price reversal are the two upside triggers for SLI stock.
On the date of publication, Faisal Humayun 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.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.
More From InvestorPlace
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The #1 AI Investment Might Be This Company You’ve Never Heard Of
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Lithium Stocks You’ll Regret Not Buying Soon: December Edition 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.
|
The asset has one of the highest confirmed lithium grade brine in Arkansas with a base case net present value of $4.5 billion. I believe that potential financing of the major project and a lithium price reversal are the two upside triggers for SLI stock. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Lithium Stocks You’ll Regret Not Buying Soon: December Edition appeared first on InvestorPlace.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lithium stocks have been depressed through 2023 on the back of weakness in lithium’s price. Albemarle Corporation (ALB) Source: IgorGolovniov/Shutterstock.com While Albemarle Corporation’s (NYSE:ALB) stock had recently touched lows of $112, the rally from deeply oversold levels has been sharp. Standard Lithium (SLI) Source: GrAl / Shutterstock.com Standard Lithium (NYSE:SLI) is among the penny lithium stocks to buy for multibagger returns potential.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lithium stocks have been depressed through 2023 on the back of weakness in lithium’s price. Lithium Americas (LAC) Source: Wirestock Creators / Shutterstock.com I would bet on Lithium Americas (NYSE:LAC) stock delivering 3x to 5x returns in the next 36 months. Standard Lithium (SLI) Source: GrAl / Shutterstock.com Standard Lithium (NYSE:SLI) is among the penny lithium stocks to buy for multibagger returns potential.
|
ALB stock also offers a dividend yield of 1.09% and I expect healthy dividend growth in the coming years. First, Albemarle expects sales growth of 35% to 45% for the year even with depressed lithium prices. For comparison, Lithium Americas’s market valuation is $1.1 billion.
|
303ad42f-9721-41cb-9640-acd83118bdd3
|
711216.0
|
2023-12-16 00:00:00 UTC
|
TotalEnergies pledges $6 billion in Nigeria oil, gas investments
|
DCOMP
|
https://www.nasdaq.com/articles/totalenergies-pledges-%246-billion-in-nigeria-oil-gas-investments
|
nan
|
nan
|
Adds Tinubu's comment, background in paragraph 3-6
PARIS, Dec 18 (Reuters) - TotalEnergies TTEF.PA reaffirmed its commitment to business interests in Nigeria, the French company said, adding that its head Patrick Pouyanne had met Nigeria President Bola Tinubu in Abuja on Monday.
TotalEnergies said it had signed a co-operation agreement with Nigeria's state oil firm NNPC Ltd to carry out methane detection and measurement campaigns using its advanced drone-based AUSEA technology on oil and gas facilities in Nigeria.
TotalEnergies pledged to "invest $6 billion in the coming years," with focus on offshore oil projects and gas production across all terrain, Tinubu's office said in a statement, citing Pouyanne.
Tinubu's meeting with Pouyanne follows similar talks with oil majors Shell SHEL.L and Exxon Mobil XOM.N as part of moves to attract capital to Africa's top energy producer.
Oil output from Nigeria, Africa's biggest economy, has been in decline for years, hobbled by large-scale theft and sabotage. It has picked up in recent months, helped by offshore production that is less prone to attacks.
Tinubu pledged to remove "anti-investment impediments in the oil and gas industry" and provide incentives to producers to help boost gas output.
(Reporting by Sudip Kar-Gupta and Felix Onuah; Editing by Tomasz Janowski, Elisha Bala-Gbogbo and Bill Berkrot)
((sudip.kargupta@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.
|
TotalEnergies pledged to "invest $6 billion in the coming years," with focus on offshore oil projects and gas production across all terrain, Tinubu's office said in a statement, citing Pouyanne. Tinubu's meeting with Pouyanne follows similar talks with oil majors Shell SHEL.L and Exxon Mobil XOM.N as part of moves to attract capital to Africa's top energy producer. Oil output from Nigeria, Africa's biggest economy, has been in decline for years, hobbled by large-scale theft and sabotage.
|
TotalEnergies pledged to "invest $6 billion in the coming years," with focus on offshore oil projects and gas production across all terrain, Tinubu's office said in a statement, citing Pouyanne. Oil output from Nigeria, Africa's biggest economy, has been in decline for years, hobbled by large-scale theft and sabotage. It has picked up in recent months, helped by offshore production that is less prone to attacks.
|
Adds Tinubu's comment, background in paragraph 3-6 PARIS, Dec 18 (Reuters) - TotalEnergies TTEF.PA reaffirmed its commitment to business interests in Nigeria, the French company said, adding that its head Patrick Pouyanne had met Nigeria President Bola Tinubu in Abuja on Monday. TotalEnergies said it had signed a co-operation agreement with Nigeria's state oil firm NNPC Ltd to carry out methane detection and measurement campaigns using its advanced drone-based AUSEA technology on oil and gas facilities in Nigeria. TotalEnergies pledged to "invest $6 billion in the coming years," with focus on offshore oil projects and gas production across all terrain, Tinubu's office said in a statement, citing Pouyanne.
|
Adds Tinubu's comment, background in paragraph 3-6 PARIS, Dec 18 (Reuters) - TotalEnergies TTEF.PA reaffirmed its commitment to business interests in Nigeria, the French company said, adding that its head Patrick Pouyanne had met Nigeria President Bola Tinubu in Abuja on Monday. TotalEnergies said it had signed a co-operation agreement with Nigeria's state oil firm NNPC Ltd to carry out methane detection and measurement campaigns using its advanced drone-based AUSEA technology on oil and gas facilities in Nigeria. TotalEnergies pledged to "invest $6 billion in the coming years," with focus on offshore oil projects and gas production across all terrain, Tinubu's office said in a statement, citing Pouyanne.
|
0b0777af-b7be-4f25-83db-8b5bee4f1ab7
|
711217.0
|
2023-12-16 00:00:00 UTC
|
Hidden Value: 3 Growth Stocks Set to Outshine in 2024
|
DCOMP
|
https://www.nasdaq.com/articles/hidden-value%3A-3-growth-stocks-set-to-outshine-in-2024
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
From monetary policy tightening in 2022 and 2023, the world is moving towards expansionary monetary policies next year. The Bank of America (NYSE:BAC) expects that central banks globally will cut rates 152 times in 2024. Besides excess liquidity potentially supporting asset markets, the likely rate cuts will boost global growth. I would therefore remain optimistic about equities and I expect the coming year to be good for growth stocks. Of course, it’s important to consider at least 40% portfolio exposure to blue-chip dividend stocks.
If we go back to 2021, the year was one of the best in recent times for growth stock investing. However, sentiments turned significantly negative in 2022 and growth stocks plunged. This year has been characterized by movement in quality growth stocks and not a broad-based rally.
Something similar is likely in 2024 with specific stocks likely to surge higher. The markets will look for value and this column discusses three stocks that look attractive.
Let’s discuss the reasons to be bullish on these best growth stocks to buy for 2024.
Arm Holdings (ARM)
Source: Ascannio / Shutterstock.com
Arm Holdings (NASDAQ:ARM) stock was listed in September. The stock trend has been positive after listing and I expect the bullish momentum to be sustained next year. ARM stock is still under the radar and business developments point to the potential for long-term value creation.
As an overview, Arm Holdings develops and licenses high-performance, low-cost, and energy-efficient CPU products. With industry and geographic diversification, the Company has a big addressable market that’s likely to ensure robust revenue growth. It’s worth noting that Arm has a presence in the mobile, automobile, IoT, consumer electronics, and cloud markets. Further, AI-enabled solutions provide an edge.
For Q2 2024, Arm Holdings reported revenue growth of 28% on a year-on-year basis to $806 million. While royalty revenue was down by 5%, the Company’s license revenue surged by 106% to $388 million. As revenue swells, Arm Holdings will be positioned to deliver robust free cash flows. Currently, the annualized FCF is likely to be in the range of $700 to $800 million.
DraftKings (DKNG)
Source: Tada Images / Shutterstock.com
Towards the end of 2022, it seemed like no one wanted to hold DraftKings (NASDAQ:DKNG) stock. The story is different as the markets inch closer to the end of 2023. DKNG stock has already delivered multibagger returns in the last 12 months. Further, since the rally was from deeply oversold levels, the positive momentum is likely to be sustained for this high-growth stock.
For Q3 2023, DraftKings reported revenue growth of 57% on a year-on-year basis to $790 million. For the full year, the Company has guided for revenue of $3.7 billion. Besides a robust guidance for the year, DraftKings expects revenue growth of 26% on a year-on-year basis to $4.65 billion.
However, revenue growth was never a problem for DraftKings. The iGaming and sports betting market is significant in size as more states pursue legalization. Cash burn was the factor that depressed the stock in 2022. The good news on that front is that DraftKings expects a positive adjusted EBITDA of $400 million for 2024. As the EBITDA margin improves, DKNG is positioned to rally further.
Miniso Group (MNSO)
Source: shutterstock.com/Hendrick Wu
After a big rally to highs of almost $30 per share, Miniso (NYSE:MNSO) stock has declined to current levels of $19. I see this sharp correction as a good accumulation opportunity with the stock trading at an attractive forward price-earnings ratio of 21. Further, Miniso initiated dividends this year and the current yield of 2.15% is attractive.
For Q1 2024, Miniso reported healthy revenue growth of 36.7% on a year-on-year basis to $519.6 million. EBITDA margin for the quarter was healthy at 26.8%. Therefore, headline growth numbers have been attractive and I believe that strong growth will be sustained.
It’s worth noting that Miniso reported store growth of 819 on a year-on-year basis and 324 on a quarter-on-quarter basis. The Company has been aggressively expanding in China and overseas. This is the reason to be bullish on robust revenue growth coupled with higher same-store sales growth.
I must add here that attractive pricing is a differentiating factor for Miniso. Additionally, the Company has a dynamic portfolio of lifestyle products. These points add to the bullish thesis for MNSO stock.
On the date of publication, Faisal Humayun 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.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.
More From InvestorPlace
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The #1 AI Investment Might Be This Company You’ve Never Heard Of
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Hidden Value: 3 Growth Stocks Set to Outshine 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.
|
I see this sharp correction as a good accumulation opportunity with the stock trading at an attractive forward price-earnings ratio of 21. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Hidden Value: 3 Growth Stocks Set to Outshine in 2024 appeared first on InvestorPlace.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips From monetary policy tightening in 2022 and 2023, the world is moving towards expansionary monetary policies next year. Arm Holdings (ARM) Source: Ascannio / Shutterstock.com Arm Holdings (NASDAQ:ARM) stock was listed in September. For Q2 2024, Arm Holdings reported revenue growth of 28% on a year-on-year basis to $806 million.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips From monetary policy tightening in 2022 and 2023, the world is moving towards expansionary monetary policies next year. Arm Holdings (ARM) Source: Ascannio / Shutterstock.com Arm Holdings (NASDAQ:ARM) stock was listed in September. For Q2 2024, Arm Holdings reported revenue growth of 28% on a year-on-year basis to $806 million.
|
As revenue swells, Arm Holdings will be positioned to deliver robust free cash flows. Besides a robust guidance for the year, DraftKings expects revenue growth of 26% on a year-on-year basis to $4.65 billion. For Q1 2024, Miniso reported healthy revenue growth of 36.7% on a year-on-year basis to $519.6 million.
|
91eac14d-7650-4c7f-b736-728bff18af79
|
711218.0
|
2023-12-16 00:00:00 UTC
|
These Four Stocks Tap into the Exploding Psychedelic Treatment Market
|
DCOMP
|
https://www.nasdaq.com/articles/these-four-stocks-tap-into-the-exploding-psychedelic-treatment-market
|
nan
|
nan
|
T
raditionally, the topic of psychedelic drugs may have brought back thoughts of the 1960s, when use of these drugs began to pick up. However, new research suggests that many of these street drugs could be life-saving treatments for some devastating, hard-to-treat conditions.
A major milestone for psychedelic drugs
In fact, the U.S. Food and Drug Administration (FDA) could review and perhaps even approve the first psychedelic drug in the coming weeks or months. Many biotech companies are working on similar drugs for a variety of mental health and chronic pain conditions.
However, in what is widely seen as a landmark regulatory milestone for the U.S., the MAPS Public Benefit Corporation became the first to submit a new drug application to the FDA for an MDMA-assisted therapy in December. If the organization's application for its therapy to treat post-traumatic stress disorder (PTSD) is approved, it will be the first psychedelic-assisted therapy to receive the FDA's stamp approval.
As a subsidiary of a non-profit organization, MAPS PBC is not publicly traded. However, many up-and-coming biotechnology companies also have promising psychedelic treatments in development, and their stocks are certainly worth watching. Here are four biotech firms currently working on psychedelic therapies for hard-to-treat conditions.
Bright Minds Biosciences
Bright Mind Biosciences (DRUG) is developing psychedelic treatments designed to regulate serotonin. Serotonin receptors play a significant role in regulating cognitive functions, emotions, memory and the sleep-wake cycle. In fact, a dysfunctional serotonin system has been linked to a variety of diseases spanning neuropsychiatric, seizure and pain disorders.
Bright Mind is currently developing treatments for neuropsychiatry, pain and epilepsy. Its pipeline includes BMB-101, which is in Phase 1 clinical trials for Dravet syndrome, psychosis in Alzheimer's disease, addictions and binge eating. BMB-202 is in the investigational-new-drug (IND)-enabling stage with a focus on depression, anxiety and PTSD.
GH Research
GH Research (GHRS) is working on treatments for psychiatric and neurological disorders, with a current focus on ultra-rapid, durable remission for treatment-resistant depression, including depression in bipolar II and postpartum depression. The lead candidate in the company's pipeline is GH001 for hard-to-treat depression in these three areas.
GH001 is GH Research's formulation of mebufotenin, which is administered via a proprietary inhalation approach. So far, the company has completed two Phase 1 clinical trials in healthy volunteers and a Phase ½ trial in patients with treatment-resistant depression (TRD). Currently, GH001 is in a Phase 2b trial in patients with TRD and Phase 2 open-label trials in patients with bipolar II and postpartum depression.
GH Research's other candidates include GH002 and GH003, which are mebufotenin formulations designed for proprietary administration approaches via intravenous and intranasal routes, respectively. Both candidates are in the earlier stages of testing.
Incannex Healthcare
Australia-based Incannex (IXHL), which also trades on the Nasdaq, has 28 different projects underway, all with the goal of alleviating human suffering. In all 28 projects, the proof of concept has already been established in either pre-clinical, Phase 1 or Phase 2 studies. However, Incannex is especially focused on its nine active development programs, all of which focus on conditions for patients with unmet medical needs. The company's pipeline includes treatments for four conditions that are currently in Phase 2a trials.
Psi-GAD is a form of psilocybin designed to treat anxiety. On the other hand, IHL-675A is a cannabinoid-enhanced combination drug containing hydroxychloroquine and cannabidiol, better known as CBD. IHL-675A targets inflammatory lung disease, rheumatoid arthritis, and inflammatory bowel disease.
Incannex also has a treatment for obstructive sleep apnea in Phase 2b trials and a therapy for concussion and traumatic brain injury in a Phase 1 trial. Finally, the company's CanQuit treatment for tobacco-smoking cessation and opioid addiction is in the pre-clinical stage, as is its ReneCann treatment for vitiligo, psoriasis and eczema.
Seelos Therapeutics
Seelos Therapeutics (SEEL) is focused on addressing significant unmet needs in neurological disorders and rare diseases by developing multiple candidates with proven mechanisms of action. The company's pipeline includes SLS-002, an intranasal formulation of ketamine to treat acute suicidal ideation and behavior in major depressive disorder. Seelos expects data from a registration-directed study soon.
It's also developing SLS-005 (trehalose) to treat amyotrophic lateral sclerosis, better known as ALS or Lou Gehrig's disease, and spinocerebellar ataxia. Seelos also expects top-line data from a pivotal Phase 2/3 study in ALS soon. The company also has a gene therapy for Parkinson's and a protein-targeted autophagy treatment for Huntington's, Alzheimer's and ALS in development.
Investing in psychedelic biotech stocks
Over the years, many drugmakers have faced numerous challenges in developing effective therapeutics for hard-to-treat illnesses. These devastating conditions make life extremely difficult for those who have them — and for their loved ones. However, psychedelic treatments like those discussed above are offering new hope for patients and their loved ones. Thus, any successful treatments in challenging areas of medicine like chronic pain and mental health will certainly be a goldmine, both for the drugmaker that develops them and for the patients and loved ones who benefit from them.
In fact, one estimate suggests the global psychedelic drugs market was worth $752.3 million in 2022 and projects a compound annual growth rate of 13.4% between 2023 and 2032, bringing its valuation to $2.6 billion. Of course, investors are always advised to do their own due diligence before investing in any specific stock or sector.
Ari Zoldan is CEO of Quantum Media Group, LLC, and Incannex is a client of Quantum Media Group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
However, in what is widely seen as a landmark regulatory milestone for the U.S., the MAPS Public Benefit Corporation became the first to submit a new drug application to the FDA for an MDMA-assisted therapy in December. Thus, any successful treatments in challenging areas of medicine like chronic pain and mental health will certainly be a goldmine, both for the drugmaker that develops them and for the patients and loved ones who benefit from them. In fact, one estimate suggests the global psychedelic drugs market was worth $752.3 million in 2022 and projects a compound annual growth rate of 13.4% between 2023 and 2032, bringing its valuation to $2.6 billion.
|
Bright Minds Biosciences Bright Mind Biosciences (DRUG) is developing psychedelic treatments designed to regulate serotonin. Currently, GH001 is in a Phase 2b trial in patients with TRD and Phase 2 open-label trials in patients with bipolar II and postpartum depression. Seelos Therapeutics Seelos Therapeutics (SEEL) is focused on addressing significant unmet needs in neurological disorders and rare diseases by developing multiple candidates with proven mechanisms of action.
|
A major milestone for psychedelic drugs In fact, the U.S. Food and Drug Administration (FDA) could review and perhaps even approve the first psychedelic drug in the coming weeks or months. Bright Minds Biosciences Bright Mind Biosciences (DRUG) is developing psychedelic treatments designed to regulate serotonin. GH Research GH Research (GHRS) is working on treatments for psychiatric and neurological disorders, with a current focus on ultra-rapid, durable remission for treatment-resistant depression, including depression in bipolar II and postpartum depression.
|
A major milestone for psychedelic drugs In fact, the U.S. Food and Drug Administration (FDA) could review and perhaps even approve the first psychedelic drug in the coming weeks or months. GH Research GH Research (GHRS) is working on treatments for psychiatric and neurological disorders, with a current focus on ultra-rapid, durable remission for treatment-resistant depression, including depression in bipolar II and postpartum depression. The company's pipeline includes treatments for four conditions that are currently in Phase 2a trials.
|
d70210da-4d07-4586-86a1-687716ad486b
|
711219.0
|
2023-12-16 00:00:00 UTC
|
Technology Sector Update for 12/18/2023: ADBE, AAPL, EBIX
|
DCOMP
|
https://www.nasdaq.com/articles/technology-sector-update-for-12-18-2023%3A-adbe-aapl-ebix
|
nan
|
nan
|
Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.5%.
The Philadelphia Semiconductor index fell 0.4%.
In corporate news, Adobe (ADBE) and Figma said they were terminating their planned $20 billion merger because there's no "clear path" to get clearance from EU and UK regulators. Adobe shares rose 2.4%.
Apple (AAPL) will pause US sales of its Series 9 and Ultra 2 smartwatches from this week as it awaits a decision related to the US International Trade Commission's order that may potentially ban imports of the devices, several media outlets reported Monday. Apple shares were shedding 0.7%.
Ebix (EBIX) sank 64% after the company said it filed for Chapter 11 bankruptcy protection.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.5%. In corporate news, Adobe (ADBE) and Figma said they were terminating their planned $20 billion merger because there's no "clear path" to get clearance from EU and UK regulators. Apple (AAPL) will pause US sales of its Series 9 and Ultra 2 smartwatches from this week as it awaits a decision related to the US International Trade Commission's order that may potentially ban imports of the devices, several media outlets reported Monday.
|
Adobe shares rose 2.4%. Apple shares were shedding 0.7%. Ebix (EBIX) sank 64% after the company said it filed for Chapter 11 bankruptcy protection.
|
Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.5%. In corporate news, Adobe (ADBE) and Figma said they were terminating their planned $20 billion merger because there's no "clear path" to get clearance from EU and UK regulators. Apple (AAPL) will pause US sales of its Series 9 and Ultra 2 smartwatches from this week as it awaits a decision related to the US International Trade Commission's order that may potentially ban imports of the devices, several media outlets reported Monday.
|
Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) shedding 0.5%. The Philadelphia Semiconductor index fell 0.4%. In corporate news, Adobe (ADBE) and Figma said they were terminating their planned $20 billion merger because there's no "clear path" to get clearance from EU and UK regulators.
|
af6b4b1d-b1da-4fb8-9e47-dbfc40532a26
|
711220.0
|
2023-12-16 00:00:00 UTC
|
Monday 12/18 Insider Buying Report: CMG, KNTK
|
DCOMP
|
https://www.nasdaq.com/articles/monday-12-18-insider-buying-report%3A-cmg-kntk
|
nan
|
nan
|
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Friday, Chipotle Mexican Grill's Director, Gregg L. Engles, made a $2.00M purchase of CMG, buying 877 shares at a cost of $2284.81 a piece. Chipotle Mexican Grill is trading up about 0.8% on the day Monday. This buy marks the first one filed by Engles in the past year.
And at Kinetik Holdings, there was insider buying on Thursday, by Jamie Welch who purchased 31,746 shares for a cost of $31.50 each, for a trade totaling $999,999. Before this latest buy, Welch purchased KNTK at 2 other times during the past twelve months, for a total investment of $504,235 at an average of $33.34 per share. Kinetik Holdings is trading up about 3.6% on the day Monday. Welch was up about 8.3% on the buy at the high point of today's trading session, with KNTK trading as high as $34.13 at last check today.
VIDEO: Monday 12/18 Insider Buying Report: CMG, KNTK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On Friday, Chipotle Mexican Grill's Director, Gregg L. Engles, made a $2.00M purchase of CMG, buying 877 shares at a cost of $2284.81 a piece. And at Kinetik Holdings, there was insider buying on Thursday, by Jamie Welch who purchased 31,746 shares for a cost of $31.50 each, for a trade totaling $999,999. Before this latest buy, Welch purchased KNTK at 2 other times during the past twelve months, for a total investment of $504,235 at an average of $33.34 per share.
|
On Friday, Chipotle Mexican Grill's Director, Gregg L. Engles, made a $2.00M purchase of CMG, buying 877 shares at a cost of $2284.81 a piece. Before this latest buy, Welch purchased KNTK at 2 other times during the past twelve months, for a total investment of $504,235 at an average of $33.34 per share. VIDEO: Monday 12/18 Insider Buying Report: CMG, KNTK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
And at Kinetik Holdings, there was insider buying on Thursday, by Jamie Welch who purchased 31,746 shares for a cost of $31.50 each, for a trade totaling $999,999. Welch was up about 8.3% on the buy at the high point of today's trading session, with KNTK trading as high as $34.13 at last check today. VIDEO: Monday 12/18 Insider Buying Report: CMG, KNTK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. And at Kinetik Holdings, there was insider buying on Thursday, by Jamie Welch who purchased 31,746 shares for a cost of $31.50 each, for a trade totaling $999,999.
|
44cc33ca-ce65-45ff-b0d6-3040522b0396
|
711221.0
|
2023-12-16 00:00:00 UTC
|
Rexford Industrial Realty's Series C Preferred Stock Yield Pushes Past 6.5%
|
DCOMP
|
https://www.nasdaq.com/articles/rexford-industrial-realtys-series-c-preferred-stock-yield-pushes-past-6.5
|
nan
|
nan
|
In trading on Monday, shares of Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.48 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, REXR.PRC was trading at a 13.28% discount to its liquidation preference amount, versus the average discount of 14.67% in the "Real Estate" category.
The chart below shows the one year performance of REXR.PRC shares, versus REXR:
Below is a dividend history chart for REXR.PRC, showing historical dividend payments on Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock:
In Monday trading, Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) is currently up about 0.3% on the day, while the common shares (Symbol: REXR) are off about 0.6%.
Also see:
PFPT YTD Return
Institutional Holders of IMCI
HII RSI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.48 on the day. The chart below shows the one year performance of REXR.PRC shares, versus REXR: Below is a dividend history chart for REXR.PRC, showing historical dividend payments on Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock: In Monday trading, Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) is currently up about 0.3% on the day, while the common shares (Symbol: REXR) are off about 0.6%. Also see: PFPT YTD Return Institutional Holders of IMCI
|
In trading on Monday, shares of Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.48 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of REXR.PRC shares, versus REXR: Below is a dividend history chart for REXR.PRC, showing historical dividend payments on Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock: In Monday trading, Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) is currently up about 0.3% on the day, while the common shares (Symbol: REXR) are off about 0.6%.
|
The chart below shows the one year performance of REXR.PRC shares, versus REXR: Below is a dividend history chart for REXR.PRC, showing historical dividend payments on Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock: In Monday trading, Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) is currently up about 0.3% on the day, while the common shares (Symbol: REXR) are off about 0.6%. Also see: PFPT YTD Return Institutional Holders of IMCI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of Rexford Industrial Realty Inc's 5.625% Series C Cumulative Redeemable Preferred Stock (Symbol: REXR.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.48 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, REXR.PRC was trading at a 13.28% discount to its liquidation preference amount, versus the average discount of 14.67% in the "Real Estate" category.
|
81aa5490-7bcd-4721-a6eb-7130ce1f661b
|
711222.0
|
2023-12-16 00:00:00 UTC
|
3 Moonshot Stocks to Invest in the Future of Space Exploration
|
DCOMP
|
https://www.nasdaq.com/articles/3-moonshot-stocks-to-invest-in-the-future-of-space-exploration
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Space exploration is no longer the stuff of science fiction. It was about a $447 billion industry last year. But researchers from McKinsey are forecasting this sector to grow to $1 trillion by 2030. That makes now a good time to look for moonshot space stocks.
For many investors, a moonshot into space exploration may mean looking for some dependable large-cap companies like Northrop Grumman (NYSE:NOC), Lockheed Martin (NYSE:LMT) or Boeing (NYSE:BA). All of those are solid choices. But if you’re really looking for moonshot space stocks, you’ll want to look at more volatile, small-cap stocks.
Some investors want to invest in SpaceX, Elon Musk’s space exploration company. However, that’s not an option — yet.
Fortunately, several small-cap companies are at the forefront of space exploration but priced in a way that offers investors the opportunity to turn small investments into big profits. Here are three of these moonshot space stocks for speculative investors to consider.
Intuitive Machines (LUNR)
Source: shutterstock.com/T. Schneider
Shortly after the new year, NASA is expected to launch the first of many commercial payloads to the surface of the moon. And Intuitive Machines (NASDAQ:LUNR) is playing a key role in the launch. In early December, the company delivered its IM-1 mission Nova-C lunar lander to Cape Canaveral, Florida.
The launch is part of the agency’s Commercial Lunar Payload Services (CLPS) initiative, a precursor to human missions and, potentially, a sustainable human presence.
As part of the CLPS initiative, Intuitive Machines will receive $16.8 million to provide lunar rover services. That’s part of the company’s $135 million backlog.
With a market cap of just $59.93 million as of this writing, Intuitive Machines is considered a micro-cap stock. That’s part of the reason LUNR stock is down 9% in the 30 days ending December 15. Small-cap stocks still aren’t participating in the market recovery.
That’s the nature of investing in speculative stocks. Analysts give the stock a Buy rating with a $10 average price target representing over a 250% gain from its current price.
Rocket Lab USA (RKLB)
Source: T. Schneider / Shutterstock.com
As mentioned earlier, you can’t invest in SpaceX. The next best thing is, potentially, Rocket Lab USA (NASDAQ:RKLB). On December 15, the company completed the 42nd successful launch of its Electron rocket.
But the real opportunity is the company’s Neutron usable unibody rocket. That will put the company on a path to profitability, and it will allow the company to compete with SpaceX at the latter company’s low end.
It is a competitive industry, but investors should note that Rocket Lab is already launching rockets. The company was able to build the majority of its infrastructure in a low-interest-rate environment. Its competitors will have to catch up at a time when the cost of capital will be much higher.
As of this writing, seven analysts are covering the stock. It has a Moderate Buy rating, with five analysts offering a Buy and two giving it a Hold. Analysts give the stock an average price target of $7.82, 70% higher than its closing price on December 15.
Planet Labs PBC (PL)
Source: Jurik Peter/ShutterStock.com
If your idea of moonshot space stocks includes a closer inspection of our planet, Planet Labs PBC (NYSE:PL) is worth a look. The company uses small satellites to take detailed images of Earth that they can sell to customers. The technology has multiple applications in both the public and private sectors. In May, the company announced a partnership with the U.S. Geospatial Intelligence Foundation’s 2023 GEOINT Symposium. The agreement allowed the company to use artificial intelligence (AI) to enhance the detail in its images.
Like the other companies on this list, Planet Labs is not profitable yet. But it does have approximately $315 million of cash on its balance sheet. Analysts project the company will edge closer to profitability in 2024.
The company has a Moderate Buy rating with a price target of $5.76, more than 135% higher than the stock’s current price.
On the date of publication, Chris Markoch 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.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
More From InvestorPlace
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The #1 AI Investment Might Be This Company You’ve Never Heard Of
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Moonshot Stocks to Invest in the Future of Space Exploration 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.
|
Fortunately, several small-cap companies are at the forefront of space exploration but priced in a way that offers investors the opportunity to turn small investments into big profits. As part of the CLPS initiative, Intuitive Machines will receive $16.8 million to provide lunar rover services. On the date of publication, Chris Markoch did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
|
The launch is part of the agency’s Commercial Lunar Payload Services (CLPS) initiative, a precursor to human missions and, potentially, a sustainable human presence. Rocket Lab USA (RKLB) Source: T. Schneider / Shutterstock.com As mentioned earlier, you can’t invest in SpaceX. Planet Labs PBC (PL) Source: Jurik Peter/ShutterStock.com If your idea of moonshot space stocks includes a closer inspection of our planet, Planet Labs PBC (NYSE:PL) is worth a look.
|
That will put the company on a path to profitability, and it will allow the company to compete with SpaceX at the latter company’s low end. The company has a Moderate Buy rating with a price target of $5.76, more than 135% higher than the stock’s current price. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Moonshot Stocks to Invest in the Future of Space Exploration appeared first on InvestorPlace.
|
Fortunately, several small-cap companies are at the forefront of space exploration but priced in a way that offers investors the opportunity to turn small investments into big profits. Here are three of these moonshot space stocks for speculative investors to consider. With a market cap of just $59.93 million as of this writing, Intuitive Machines is considered a micro-cap stock.
|
d231657d-2820-4c07-9e85-8f57b34882ed
|
711223.0
|
2023-12-16 00:00:00 UTC
|
Monday's ETF with Unusual Volume: PIN
|
DCOMP
|
https://www.nasdaq.com/articles/mondays-etf-with-unusual-volume%3A-pin-0
|
nan
|
nan
|
The Invesco India ETF is seeing unusually high volume in afternoon trading Monday, with over 275,000 shares traded versus three month average volume of about 53,000. Shares of PIN were off about 0.1% on the day.
Components of that ETF with the highest volume on Monday were Spdr Bloomberg 1-3 Month T-bill ETF, trading off about 0.5% with over 5.6 million shares changing hands so far this session, and Zillow Group, off about 0.3% on volume of over 1.6 million shares. Kimberly-clark is the component faring the best Monday, higher by about 1.2% on the day, while Alpha Technology Group is lagging other components of the Invesco India ETF, trading lower by about 11.4%.
VIDEO: Monday's ETF with Unusual Volume: PIN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Invesco India ETF is seeing unusually high volume in afternoon trading Monday, with over 275,000 shares traded versus three month average volume of about 53,000. Components of that ETF with the highest volume on Monday were Spdr Bloomberg 1-3 Month T-bill ETF, trading off about 0.5% with over 5.6 million shares changing hands so far this session, and Zillow Group, off about 0.3% on volume of over 1.6 million shares. Kimberly-clark is the component faring the best Monday, higher by about 1.2% on the day, while Alpha Technology Group is lagging other components of the Invesco India ETF, trading lower by about 11.4%.
|
The Invesco India ETF is seeing unusually high volume in afternoon trading Monday, with over 275,000 shares traded versus three month average volume of about 53,000. Kimberly-clark is the component faring the best Monday, higher by about 1.2% on the day, while Alpha Technology Group is lagging other components of the Invesco India ETF, trading lower by about 11.4%. VIDEO: Monday's ETF with Unusual Volume: PIN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Invesco India ETF is seeing unusually high volume in afternoon trading Monday, with over 275,000 shares traded versus three month average volume of about 53,000. Components of that ETF with the highest volume on Monday were Spdr Bloomberg 1-3 Month T-bill ETF, trading off about 0.5% with over 5.6 million shares changing hands so far this session, and Zillow Group, off about 0.3% on volume of over 1.6 million shares. Kimberly-clark is the component faring the best Monday, higher by about 1.2% on the day, while Alpha Technology Group is lagging other components of the Invesco India ETF, trading lower by about 11.4%.
|
The Invesco India ETF is seeing unusually high volume in afternoon trading Monday, with over 275,000 shares traded versus three month average volume of about 53,000. Shares of PIN were off about 0.1% on the day. Components of that ETF with the highest volume on Monday were Spdr Bloomberg 1-3 Month T-bill ETF, trading off about 0.5% with over 5.6 million shares changing hands so far this session, and Zillow Group, off about 0.3% on volume of over 1.6 million shares.
|
28f9be2b-9f01-4211-8e22-1765a3304481
|
711224.0
|
2023-12-16 00:00:00 UTC
|
Consumer Sector Update for 12/18/2023: ODP, VFC, DOOR, PGTI
|
DCOMP
|
https://www.nasdaq.com/articles/consumer-sector-update-for-12-18-2023%3A-odp-vfc-door-pgti
|
nan
|
nan
|
Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.8%.
In corporate news, ODP (ODP) shares jumped almost 3% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves could increase the company's 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 18% and PGT jumped almost 10%.
VF (VFC) shares tumbled 7% after it said Monday that it detected "unauthorized occurrences" on some of its information technology systems on Dec. 13, with the incident expected to have "a material impact" on its business operations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In corporate news, ODP (ODP) shares jumped almost 3% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves could increase the company's 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. VF (VFC) shares tumbled 7% after it said Monday that it detected "unauthorized occurrences" on some of its information technology systems on Dec. 13, with the incident expected to have "a material impact" on its business operations.
|
Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.8%. In corporate news, ODP (ODP) shares jumped almost 3% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves could increase the company's share price by 50% or more. Masonite shares slumped 18% and PGT jumped almost 10%.
|
Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.8%. In corporate news, ODP (ODP) shares jumped almost 3% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves could increase the company's 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.
|
Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.8%. In corporate news, ODP (ODP) shares jumped almost 3% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves could increase the company's 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.
|
4d333986-56bc-43f0-b584-77a2466a6263
|
711225.0
|
2023-12-16 00:00:00 UTC
|
Noteworthy Monday Option Activity: CSCO, PEP, MU
|
DCOMP
|
https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-csco-pep-mu
|
nan
|
nan
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Cisco Systems Inc (Symbol: CSCO), where a total volume of 96,316 contracts has been traded thus far today, a contract volume which is representative of approximately 9.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42% of CSCO's average daily trading volume over the past month, of 22.9 million shares. Particularly high volume was seen for the $51 strike call option expiring December 22, 2023, with 24,444 contracts trading so far today, representing approximately 2.4 million underlying shares of CSCO. Below is a chart showing CSCO's trailing twelve month trading history, with the $51 strike highlighted in orange:
PepsiCo Inc (Symbol: PEP) options are showing a volume of 23,079 contracts thus far today. That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 41.5% of PEP's average daily trading volume over the past month, of 5.6 million shares. Particularly high volume was seen for the $185 strike put option expiring January 19, 2024, with 3,651 contracts trading so far today, representing approximately 365,100 underlying shares of PEP. Below is a chart showing PEP's trailing twelve month trading history, with the $185 strike highlighted in orange:
And Micron Technology Inc. (Symbol: MU) options are showing a volume of 52,011 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 40.7% of MU's average daily trading volume over the past month, of 12.8 million shares. Particularly high volume was seen for the $80 strike put option expiring January 19, 2024, with 3,845 contracts trading so far today, representing approximately 384,500 underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for CSCO options, PEP options, or MU options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding HLGN
Top Ten Hedge Funds Holding AETI
NATI Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $51 strike call option expiring December 22, 2023, with 24,444 contracts trading so far today, representing approximately 2.4 million underlying shares of CSCO. Particularly high volume was seen for the $185 strike put option expiring January 19, 2024, with 3,651 contracts trading so far today, representing approximately 365,100 underlying shares of PEP. Particularly high volume was seen for the $80 strike put option expiring January 19, 2024, with 3,845 contracts trading so far today, representing approximately 384,500 underlying shares of MU.
|
Below is a chart showing CSCO's trailing twelve month trading history, with the $51 strike highlighted in orange: PepsiCo Inc (Symbol: PEP) options are showing a volume of 23,079 contracts thus far today. That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 41.5% of PEP's average daily trading volume over the past month, of 5.6 million shares. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 40.7% of MU's average daily trading volume over the past month, of 12.8 million shares.
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Cisco Systems Inc (Symbol: CSCO), where a total volume of 96,316 contracts has been traded thus far today, a contract volume which is representative of approximately 9.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 41.5% of PEP's average daily trading volume over the past month, of 5.6 million shares. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 40.7% of MU's average daily trading volume over the past month, of 12.8 million shares.
|
Particularly high volume was seen for the $51 strike call option expiring December 22, 2023, with 24,444 contracts trading so far today, representing approximately 2.4 million underlying shares of CSCO. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 40.7% of MU's average daily trading volume over the past month, of 12.8 million shares. Below is a chart showing MU's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for CSCO options, PEP options, or MU options, visit StockOptionsChannel.com.
|
873886f2-c86f-4946-830d-3ca96d051ab9
|
711226.0
|
2023-12-16 00:00:00 UTC
|
Noteworthy Monday Option Activity: HLT, JBHT, ACN
|
DCOMP
|
https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-hlt-jbht-acn
|
nan
|
nan
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Hilton Worldwide Holdings Inc (Symbol: HLT), where a total of 27,254 contracts have traded so far, representing approximately 2.7 million underlying shares. That amounts to about 160.5% of HLT's average daily trading volume over the past month of 1.7 million shares. Especially high volume was seen for the $155 strike call option expiring April 19, 2024, with 13,500 contracts trading so far today, representing approximately 1.4 million underlying shares of HLT. Below is a chart showing HLT's trailing twelve month trading history, with the $155 strike highlighted in orange:
J.B. Hunt Transport Services, Inc. (Symbol: JBHT) options are showing a volume of 5,880 contracts thus far today. That number of contracts represents approximately 588,000 underlying shares, working out to a sizeable 83.4% of JBHT's average daily trading volume over the past month, of 704,780 shares. Particularly high volume was seen for the $200 strike put option expiring January 19, 2024, with 2,501 contracts trading so far today, representing approximately 250,100 underlying shares of JBHT. Below is a chart showing JBHT's trailing twelve month trading history, with the $200 strike highlighted in orange:
And Accenture plc (Symbol: ACN) saw options trading volume of 12,951 contracts, representing approximately 1.3 million underlying shares or approximately 67.9% of ACN's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $325 strike put option expiring February 16, 2024, with 2,681 contracts trading so far today, representing approximately 268,100 underlying shares of ACN. Below is a chart showing ACN's trailing twelve month trading history, with the $325 strike highlighted in orange:
For the various different available expirations for HLT options, JBHT options, or ACN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding VCSH
NBXG Dividend History
SDRG Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Especially high volume was seen for the $155 strike call option expiring April 19, 2024, with 13,500 contracts trading so far today, representing approximately 1.4 million underlying shares of HLT. Particularly high volume was seen for the $200 strike put option expiring January 19, 2024, with 2,501 contracts trading so far today, representing approximately 250,100 underlying shares of JBHT. Particularly high volume was seen for the $325 strike put option expiring February 16, 2024, with 2,681 contracts trading so far today, representing approximately 268,100 underlying shares of ACN.
|
Especially high volume was seen for the $155 strike call option expiring April 19, 2024, with 13,500 contracts trading so far today, representing approximately 1.4 million underlying shares of HLT. Below is a chart showing HLT's trailing twelve month trading history, with the $155 strike highlighted in orange: J.B. Hunt Transport Services, Inc. (Symbol: JBHT) options are showing a volume of 5,880 contracts thus far today. Below is a chart showing JBHT's trailing twelve month trading history, with the $200 strike highlighted in orange: And Accenture plc (Symbol: ACN) saw options trading volume of 12,951 contracts, representing approximately 1.3 million underlying shares or approximately 67.9% of ACN's average daily trading volume over the past month, of 1.9 million shares.
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Hilton Worldwide Holdings Inc (Symbol: HLT), where a total of 27,254 contracts have traded so far, representing approximately 2.7 million underlying shares. Especially high volume was seen for the $155 strike call option expiring April 19, 2024, with 13,500 contracts trading so far today, representing approximately 1.4 million underlying shares of HLT. Below is a chart showing JBHT's trailing twelve month trading history, with the $200 strike highlighted in orange: And Accenture plc (Symbol: ACN) saw options trading volume of 12,951 contracts, representing approximately 1.3 million underlying shares or approximately 67.9% of ACN's average daily trading volume over the past month, of 1.9 million shares.
|
Especially high volume was seen for the $155 strike call option expiring April 19, 2024, with 13,500 contracts trading so far today, representing approximately 1.4 million underlying shares of HLT. Below is a chart showing JBHT's trailing twelve month trading history, with the $200 strike highlighted in orange: And Accenture plc (Symbol: ACN) saw options trading volume of 12,951 contracts, representing approximately 1.3 million underlying shares or approximately 67.9% of ACN's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $325 strike put option expiring February 16, 2024, with 2,681 contracts trading so far today, representing approximately 268,100 underlying shares of ACN.
|
03152a17-4d7b-4bbd-a71d-92d350d48408
|
711227.0
|
2023-12-16 00:00:00 UTC
|
Notable Monday Option Activity: UAL, LEN, APD
|
DCOMP
|
https://www.nasdaq.com/articles/notable-monday-option-activity%3A-ual-len-apd
|
nan
|
nan
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 39,918 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.5% of UAL's average daily trading volume over the past month, of 7.5 million shares. Particularly high volume was seen for the $45 strike call option expiring January 19, 2024, with 4,781 contracts trading so far today, representing approximately 478,100 underlying shares of UAL. Below is a chart showing UAL's trailing twelve month trading history, with the $45 strike highlighted in orange:
Lennar Corp (Symbol: LEN) options are showing a volume of 10,675 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 49.1% of LEN's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $120 strike call option expiring January 19, 2024, with 1,463 contracts trading so far today, representing approximately 146,300 underlying shares of LEN. Below is a chart showing LEN's trailing twelve month trading history, with the $120 strike highlighted in orange:
And Air Products & Chemicals Inc (Symbol: APD) options are showing a volume of 6,680 contracts thus far today. That number of contracts represents approximately 668,000 underlying shares, working out to a sizeable 46.3% of APD's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $250 strike put option expiring February 16, 2024, with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of APD. Below is a chart showing APD's trailing twelve month trading history, with the $250 strike highlighted in orange:
For the various different available expirations for UAL options, LEN options, or APD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding ASDR
ITAQ market cap history
Institutional Holders of IVP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $45 strike call option expiring January 19, 2024, with 4,781 contracts trading so far today, representing approximately 478,100 underlying shares of UAL. Especially high volume was seen for the $120 strike call option expiring January 19, 2024, with 1,463 contracts trading so far today, representing approximately 146,300 underlying shares of LEN. Especially high volume was seen for the $250 strike put option expiring February 16, 2024, with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of APD.
|
Below is a chart showing UAL's trailing twelve month trading history, with the $45 strike highlighted in orange: Lennar Corp (Symbol: LEN) options are showing a volume of 10,675 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 49.1% of LEN's average daily trading volume over the past month, of 2.2 million shares. That number of contracts represents approximately 668,000 underlying shares, working out to a sizeable 46.3% of APD's average daily trading volume over the past month, of 1.4 million shares.
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 39,918 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $45 strike call option expiring January 19, 2024, with 4,781 contracts trading so far today, representing approximately 478,100 underlying shares of UAL. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 49.1% of LEN's average daily trading volume over the past month, of 2.2 million shares.
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 39,918 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 668,000 underlying shares, working out to a sizeable 46.3% of APD's average daily trading volume over the past month, of 1.4 million shares. Below is a chart showing APD's trailing twelve month trading history, with the $250 strike highlighted in orange: For the various different available expirations for UAL options, LEN options, or APD options, visit StockOptionsChannel.com.
|
b11ed951-c073-4eac-89d6-9bc4ae2c5cee
|
711228.0
|
2023-12-16 00:00:00 UTC
|
Here's Why G-III Apparel (GIII) is Rallying Ahead of Industry
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-g-iii-apparel-giii-is-rallying-ahead-of-industry-1
|
nan
|
nan
|
Shares of G-III Apparel Group, Ltd. GIII have surged a whopping 81.2% in the past six months, thanks to its robust business strategies with digital expansion and brand strength. The company has been undertaking several strategies, including acquisitions and licensing of well-known brands, to expand its product portfolio.
Management remains optimistic about the company’s diversified portfolio of key brands, namely DKNY, Donna Karan, Karl Lagerfeld, Vilebrequin, Levi’s, Nautica and Halston. Meanwhile, the industry increased 14.7% in the aforesaid period.
A Momentum Score of B further speaks volumes for this current Zacks Rank #1 (Strong Buy) company. Analysts seem optimistic about the company. The Zacks Consensus Estimate for fiscal 2024 earnings per share (EPS) is currently pegged at $3.79, showing an increase of 33% year over year. The consensus mark for fiscal 2025 sales and EPS is currently $3.27 billion and $3.84, respectively, reflecting corresponding increases of 3.7% and 1.5% year over year.
Let’s Delve Deeper
G-III Apparel’s strategic priorities include driving power brands across categories, enhancing its portfolio via ownership of brands and licensing opportunities, expanding its global reach, maximizing omnichannel capabilities and scaling the private label business. G-III Apparel has also been making progress on rightsizing the inventory.
Image Source: Zacks Investment Research
We note that the company has numerous growth opportunities including the repositioning and expansion of the Donna Karan label and a long-term license for the Nautica brand. Nautica is available in nearly 1300 freestanding stores and shops globally as well as boasts a sturdy digital presence in more than 30 countries. The company’s license for Nautica in North America, initially with jeans and later expanding to a wider range of additional categories, is set to launch in early 2024 to more than 200 doors. It aims to install 60 branded shop-in-shops.
For Donna Karan, it is leveraging the brand’s classic, contemporary and elevated feel and widening its appeal to a broader consumer base. The company will launch the brand in spring in more than 200 doors. It will build 150 branded shop-in-shops and new licenses to extend the brand's reach. The company has entered into a 25-year agreement with Xcel Brands to design and manufacture all categories with the choice to buy the brand at the end of the licensing term.
Further, a master global license with the option to buy Halston is likely to launch in the fall of 2024. Halston is an American heritage brand with a legacy of glamorous designs across a range of price points. Management had also announced a multi-year license agreement with HanesBrands to manufacture an outerwear collection for the Champion brand. The company will create quality heritage pieces to expand Champions' lifestyle offerings. The product will be distributed via its diverse channels across North America and Champions' global network with first deliveries available for the fall of 2024.
Management is focused on regulating the business and expanding its market share. It has been maximizing its omnichannel opportunities and leveraging data for a while. It has also been working to boost demand on its own and drive retail partners' digital platforms as well as expand its pure-play presence. Overall, the company’s strategic priorities include driving power brands across categories, enhancing its portfolio via ownership of brands and licensing opportunities, expanding global reach, maximizing omnichannel capabilities and scaling the private label business. In addition, International business is a key driver for the company.
Given all the aforesaid tailwinds, we believe G-III Apparel will continue to perform well on the bourses.
Eye These Solid Picks Too
Some other top-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL.
Royal Caribbean sports a Zacks Rank of 1, at present. RCL has a trailing four-quarter earnings surprise of 28.3%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RCL’s 2023 sales and EPS indicates increases of 57.7% and 187.9%, respectively, from the year-ago period’s reported levels.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank #2 (Buy), at present.
The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 18.2% and 22.9%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 9.2%, on average.
Ralph Lauren, a footwear and accessories dealer, has a Zacks Rank of 2 at present. RL has a trailing four-quarter earnings surprise of 18%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 1.4% and 13.1%, respectively, from the year-ago corresponding figures.
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
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII) : 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.
|
Shares of G-III Apparel Group, Ltd. GIII have surged a whopping 81.2% in the past six months, thanks to its robust business strategies with digital expansion and brand strength. Management remains optimistic about the company’s diversified portfolio of key brands, namely DKNY, Donna Karan, Karl Lagerfeld, Vilebrequin, Levi’s, Nautica and Halston. Image Source: Zacks Investment Research We note that the company has numerous growth opportunities including the repositioning and expansion of the Donna Karan label and a long-term license for the Nautica brand.
|
Let’s Delve Deeper G-III Apparel’s strategic priorities include driving power brands across categories, enhancing its portfolio via ownership of brands and licensing opportunities, expanding its global reach, maximizing omnichannel capabilities and scaling the private label business. Overall, the company’s strategic priorities include driving power brands across categories, enhancing its portfolio via ownership of brands and licensing opportunities, expanding global reach, maximizing omnichannel capabilities and scaling the private label business. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Let’s Delve Deeper G-III Apparel’s strategic priorities include driving power brands across categories, enhancing its portfolio via ownership of brands and licensing opportunities, expanding its global reach, maximizing omnichannel capabilities and scaling the private label business. Overall, the company’s strategic priorities include driving power brands across categories, enhancing its portfolio via ownership of brands and licensing opportunities, expanding global reach, maximizing omnichannel capabilities and scaling the private label business. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Eye These Solid Picks Too Some other top-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL. LULU carries a Zacks Rank #2 (Buy), at present. The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 18.2% and 22.9%, respectively, from the year-ago corresponding figures.
|
43d3b9d3-1d37-4a76-9dde-04602225c397
|
711229.0
|
2023-12-16 00:00:00 UTC
|
3 Blue-Chip Stocks You’ll Regret Not Buying Soon: December Edition
|
DCOMP
|
https://www.nasdaq.com/articles/3-blue-chip-stocks-youll-regret-not-buying-soon%3A-december-edition
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Christmas has come early on Wall Street thanks to the U.S. Federal Reserve. The central bank’s last interest rate decision of 2023 delivered everything investors wanted to hear. The Fed held its benchmark interest rate steady in the 5.25% to 5.50% range and forecast three interest rate cuts in 2024. All three major U.S. stock averages closed at fresh 52-week highs after the announcement, with the blue-chip Dow Jones Industrial Average closing above 37,000 for the first time and entering record territory. Top blue-chip stocks have continued to rise since the Fed’s rate decision on Dec. 13, making now an opportune time for investors to jump back into the market with both feet. Here are three blue-chip stocks you’ll regret not buying soon: December edition.
Costco Wholesale (COST)
Source: ilzesgimene / Shutterstock.com
Current shareholders of Costco Wholesale (NASDAQ:COST) are being rewarded with a special cash dividend of $15 that’s payable on Jan. 12. It’s the fifth special dividend to be paid by Costco in the past 11 years. In addition to the special dividend, Costco pays a regular quarterly dividend of $1.03 per share to stockholders, yielding 0.65%. The dividend payments are just one reason to buy this top blue-chip stock.
The special dividend payment was announced along with Costco’s latest financial results. The grocery retailer reported earnings per share (EPS) of $3.58 for its fiscal first quarter. That beat Wall Street forecasts of $3.41. Costco’s revenue was $57.80 billion, which aligned with expectations. However, same-store sales rose 3.8% from a year earlier and e-commerce sales increased 6.3%, driven by strong demand during the Thanksgiving weekend, including Black Friday and Cyber Monday.
Costco added 72 million paid household members during its fiscal Q1, up 7.6% from a year earlier. The company opened 10 new locations during the quarter with plans to open 33 more locations over the coming fiscal year. This was the last quarterly print of long-time Costco chief executive officer (CEO) Craig Jelinek, who is retiring. Chief Operating Officer (COO) Ron Vachris will succeed Jelinek on Jan. 1 in what is expected to be a seamless transition. COST stock has gained 45% in 2023 and is up 239% since 2018.
Lennar (LEN)
Source: madamF via Shutterstock
Lennar (NYSE:LEN), one of the biggest American home builders, has also just issued financial results that topped Wall Street forecasts despite a housing market that high interest rates have challenged. The company reported EPS of $4.82 and revenue of $11 billion for its fiscal Q4. Analysts had been looking for earnings of $4.59 and $10.20 billion in revenue. For the entire fiscal year, Lennar announced earnings of $13.73 a share on $34.20 billion in revenue. Both full-year figures also beat forecasts.
Higher interest rates charged on home mortgages continue to cool the housing market, said Lennar in its earnings print. There is good news on the horizon after the U.S. Federal Reserve signaled three interest rate cuts in 2024, which should lower mortgage rates in the year ahead. The average 30-year fixed rate mortgage in the U.S. fell below 7% recently, dropping to 6.95%, its lowest level in months. Lennar said its new orders rose 32% from a year earlier in the latest quarter, while deliveries were up 19%.
LEN stock is up 62% this year and has gained 283% over five years.
Darden Restaurants (DRI)
Source: Shutterstock
Darden Restaurants (NYSE:DRI) has reported quarterly financial results that beat Wall Street estimates and raised its forward guidance. The company that owns the Olive Garden and LongHorn Steakhouse restaurant chains announced EPS of $1.84 versus the $1.74 that had been expected. In the company’s fiscal Q2, revenue amounted to $2.73 billion compared to $2.74 billion that was forecast among analysts. Darden’s sales were up 9.7% from a year earlier.
The company attributed the earnings beat to including Ruth’s Chris Steak House locations in its earnings for the first time. Darden acquired Ruth’s Hospitality Group, owner of Ruth’s Chris Steak House, in June of this year. Olive Garden’s same-restaurant sales increased 4.1%, while LongHorn Steakhouse saw 4.9% growth during the quarter. The company also updated its fiscal year 2024 outlook, forecasting EPS of $8.75 to $8.90, up from previous guidance of $8.55 to $8.85 per share. Darden also said it expects $11.5 billion in sales for its current fiscal year.
DRI stock is up 16% in 2023 and climbing, making it one of the best blue-chip stocks. Through five years that included the Covid-19 pandemic shutdown, Darden’s stock is up 65%.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
More From InvestorPlace
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The #1 AI Investment Might Be This Company You’ve Never Heard Of
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Blue-Chip Stocks You’ll Regret Not Buying Soon: December Edition 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.
|
Top blue-chip stocks have continued to rise since the Fed’s rate decision on Dec. 13, making now an opportune time for investors to jump back into the market with both feet. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Blue-Chip Stocks You’ll Regret Not Buying Soon: December Edition appeared first on InvestorPlace.
|
Costco Wholesale (COST) Source: ilzesgimene / Shutterstock.com Current shareholders of Costco Wholesale (NASDAQ:COST) are being rewarded with a special cash dividend of $15 that’s payable on Jan. 12. Lennar (LEN) Source: madamF via Shutterstock Lennar (NYSE:LEN), one of the biggest American home builders, has also just issued financial results that topped Wall Street forecasts despite a housing market that high interest rates have challenged. Darden Restaurants (DRI) Source: Shutterstock Darden Restaurants (NYSE:DRI) has reported quarterly financial results that beat Wall Street estimates and raised its forward guidance.
|
Lennar (LEN) Source: madamF via Shutterstock Lennar (NYSE:LEN), one of the biggest American home builders, has also just issued financial results that topped Wall Street forecasts despite a housing market that high interest rates have challenged. For the entire fiscal year, Lennar announced earnings of $13.73 a share on $34.20 billion in revenue. LEN stock is up 62% this year and has gained 283% over five years.
|
Darden’s sales were up 9.7% from a year earlier. The company attributed the earnings beat to including Ruth’s Chris Steak House locations in its earnings for the first time. DRI stock is up 16% in 2023 and climbing, making it one of the best blue-chip stocks.
|
fd48a604-31f2-452d-b0c1-79ecef3af17b
|
711230.0
|
2023-12-16 00:00:00 UTC
|
Is Zoom Video Communications Stock a Good Value Buy Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/is-zoom-video-communications-stock-a-good-value-buy-right-now
|
nan
|
nan
|
Not long ago, Zoom Video Communications (ZM) was the darling of the pandemic-era stock market. As demand for remote connectivity solutions surged amid the shift to remote work and school, Zoom's easy-to-use video platform became a household name almost overnight. Share prices skyrocketed over 765% from the end of 2019 to the October 2020 peak, as annual revenue ballooned.
But then post-pandemic life returned, and Zoom came crashing back down to earth just about as quickly as it had soared. The stock is down 88% from those 2020 highs, and Zoom shares have underperformed the broader equities market amid this year's impressive rally.
That said, the stock is now attractively priced at current levels, and Zoom's latest earnings beat expectations, even as growth slowed again. So is this tech stock worth scooping up right now for a potential comeback in 2024 - or is ZM a value trap to sidestep? Let's take a look.
Zooming In on a Video Call Giant
Zoom Video stock has underperformed not only the tech-heavy Nasdaq-100 Index ($IUXX) in 2023, but it's also fallen behind the broad-based S&P 500 Index ($SPX). Since the start of the year, ZM is up just 7%, compared to gains of 53% for the NDX and 23% for the S&P 500.
Notably, ZM was removed from the NDX with today's rebalancing, alongside other significant laggards like Lucid Group (LCID). This administrative adjustment typically results in some selling from institutional players who no longer need to hold ZM shares to track the benchmark index - but given ZM was the index's 95th holding by weight, the impact could be fairly muted.
In fact, since bottoming out around the round $60 level in November, Zoom stock has been on the rise, up by around 20% from those 52-week lows. Along with a general upside bias in the stock market last month, ZM gapped higher in late November after a well-received quarterly earnings report.
www.barchart.com
On the plus side, the stock remains reasonably priced at current levels. ZM's forward p/e ratio of 14.47 is well below the tech sector median of 24, and the shares are priced at 12.54 times cash flow and 2.84 times book. This significant compression in Zoom's valuation suggests the stock might be undervalued.
Zoom Beats on Q3 Results
Zoom is facing some tough competition in the video conferencing arena, going head-to-head with big players like Microsoft (MSFT), Google (GOOG), and Cisco (CSCO). These giants are pushing their own video conferencing solutions, bundled with productivity tools that might be more tempting for businesses. And indeed, Zoom's sales growth slowed for the ninth straight quarter as the world adjusts to less feverish demand for video conferencing post-COVID.
However, in Zoom's fiscal third quarter of 2024, they reported earnings of $1.29 per share, beating the expected $1.08 per share. Likewise, revenue was $1.14 billion, which surpassed the expected $1.12 billion. Plus, operating cash flow surged 67% to $493.2 million.
Enterprise revenue was up more than 7% year-over-year to $660 million, as that customer base grew by 5% from the year-ago period to 219,700. The number of customers contributing more than $100,000 to revenue on a trailing 12 months basis rose 13.5% year over year.
What's Next for Zoom in 2024?
Looking ahead, Zoom expects FY 2024 revenue in the ballpark of $4.56 billion to $4.58 billion, implying 2.5% growth from the previous year. On the earnings front, they're aiming for adjusted earnings between $4.93 and $4.95 per share. Analysts, meanwhile, are targeting full-year adjusted EPS of $4.95 on revenue of $4.51 billion.
For fiscal 2025, the consensus is targeting continued revenue growth to $4.66 billion, with adjusted EPS expected to decline to $4.68.
Analysts aren't exactly in Zoom's corner, with the majority calling the stock a “Hold.” However, among the 24 analysts in coverage, 4 are shouting “Strong Buy,” 1 gives a nod to “Moderate Buy,” and 19 are settling for “Hold.” The stock has zero “Sell” ratings, which is an improvement from a month ago.
The average price target is $79.35 is a solid 11% premium from current levels - and the Street-high target of $100 implies expectations for ZM to rally almost 40% over the next year.
www.barchart.com
Bargain or Bust?
The plummeting share price seems to make Zoom stock temptingly cheap. However, slower growth and fierce competition create uncertainty about its prospects. On the plus side, Zoom still produces strong cash flow margins, even on slower sales growth - and the company hopes its artificial intelligence (AI) initiatives can help retain enterprise customers.
Yet it’s unclear whether Zoom has any durable competitive edge as video conferencing becomes commoditized, and whatever moat it once had seems to be evaporating. So Zoom carries some operational risks, despite seeming undervalued. But for investors willing to stomach the risks, this beaten-down stock could deliver some upside over the next year if the company continues to execute - or potentially scores a buyout bid from a bigger tech rival. That said, prospective Zoom bargain buyers should buckle up for a potentially bumpy ride.
On the date of publication, Ebube Jones 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.
|
Along with a general upside bias in the stock market last month, ZM gapped higher in late November after a well-received quarterly earnings report. On the plus side, Zoom still produces strong cash flow margins, even on slower sales growth - and the company hopes its artificial intelligence (AI) initiatives can help retain enterprise customers. But for investors willing to stomach the risks, this beaten-down stock could deliver some upside over the next year if the company continues to execute - or potentially scores a buyout bid from a bigger tech rival.
|
That said, the stock is now attractively priced at current levels, and Zoom's latest earnings beat expectations, even as growth slowed again. Zooming In on a Video Call Giant Zoom Video stock has underperformed not only the tech-heavy Nasdaq-100 Index ($IUXX) in 2023, but it's also fallen behind the broad-based S&P 500 Index ($SPX). For fiscal 2025, the consensus is targeting continued revenue growth to $4.66 billion, with adjusted EPS expected to decline to $4.68.
|
That said, the stock is now attractively priced at current levels, and Zoom's latest earnings beat expectations, even as growth slowed again. Zooming In on a Video Call Giant Zoom Video stock has underperformed not only the tech-heavy Nasdaq-100 Index ($IUXX) in 2023, but it's also fallen behind the broad-based S&P 500 Index ($SPX). Looking ahead, Zoom expects FY 2024 revenue in the ballpark of $4.56 billion to $4.58 billion, implying 2.5% growth from the previous year.
|
That said, the stock is now attractively priced at current levels, and Zoom's latest earnings beat expectations, even as growth slowed again. Plus, operating cash flow surged 67% to $493.2 million. What's Next for Zoom in 2024?
|
ee0c559e-7e2d-428e-85fd-b638dd655221
|
711231.0
|
2023-12-16 00:00:00 UTC
|
Income Boosters: 3 Stocks With Newly Announced Dividend Hikes
|
DCOMP
|
https://www.nasdaq.com/articles/income-boosters%3A-3-stocks-with-newly-announced-dividend-hikes
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Few investment strategies on Wall Street have proven to work as effectively as buying dividend stocks. Over the past 100 years, dividend payers outperformed those who didn’t pay a dividend by a wide margin.
There is good reason for that. Companies that share their success with investors are successful and profitable ventures with goods and services people want to buy. Typically, they’ve also been through several business cycles and weathered the storm in fine fashion. It’s natural they’d want to reward their shareholders as well.
Of special note are those stocks with rising dividends. In 2013, the wealth asset division of JPMorgan Chase (NYSE:JPM) published a study comparing the returns of dividend stocks and non-dividend stocks. It found that over the 40 years between 1972 and 2012, companies that initiated and then hiked their dividends returned an average of 9.5% annually. Non-income-producing stocks generated only 1.6% annually during that same period.
Particularly in times of economic uncertainty such as we’re in, investors might want to focus their attention on stocks with recent dividend hikes. Below are companies that recently announced they were raising their payouts. Let’s dive in and see if they are worth buying for your portfolio.
American Eagle Outfitters (AEO)
Source: Shutterstock
Heading into the Christmas holiday, American Eagle Outfitters (NYSE:AEO) remains one of the top 10 retail stocks. Shares are up nearly 40% in 2023 and more than doubled from the lows hit in late spring. The performance isn’t as strong as rival Abercrombie & Fitch (NYSE:ANF), but it is noteworthy, nonetheless, and an indicator that retail stocks are worth watching again.
American Eagle enjoyed a strong third quarter, with top and bottom line numbers beating estimates. AEO’s operating margin guidance, however, was below expectation, and shares sharply tumbled. But they immediately reversed course again and have since regained all the lost ground and more.
The retailer’s clothing continues to resonate with consumers, especially with its Aerie brand. Revenue and comparable sales for the unit jumped 12% each for the period. It remains on track to becoming a $2 billion brand in just a few years, with $1.1 billion in sales generated through the first nine months of the year. It should easily surpass the $1.5 billion in sales it notched last year.
American Eagle Outfitters also announced a 25% hike in its dividend as its business and free cash flow improved. It’s a nice recovery for the retailer that only two years ago had temporarily suspended its payout. Amid roaring inflation and rising interest rates, retailers across the industry faced significant financial woes.
That’s part of the reason retail stocks are doing so well this year. Inflation has ameliorated some, and the Federal Reserve paused its frenzied rate hike program. Trading at a fraction of sales and less than 7x free cash flow, American Eagle Outfitters is a stock still priced below its historical averages.
Mastercard (MA)
Source: David Cardinez / Shutterstock.com
Payments processor Mastercard (NYSE:MA) may run second behind industry giant Visa (NYSE:V), but it’s a behemoth in its own right and should not be ignored. When the economy seems choppy at best, the name behind some 3 billion credit cards in circulation is a rock-solid investment.
A recession would indeed have consumers cut back on spending and lenders handing out loans, which would affect sales and profits. Yet Mastercard is focused solely on payment processing. Because it doesn’t engage in lending, consumer loan defaults would not impact the company. It removed that risk from the equation.
Understand that a recession is typically a short-lived event. Double-digit downturns are measured in months. In contrast, the ensuing bull markets that invariably follow tend to go on for years. That means Mastercard’s long-term growth will far exceed any limited contraction it experiences.
Mastercard just announced a 16% hike in its dividend. The payout will rise from $0.57 to $0.66 per share. Since it began paying dividends in 2010, Mastercard has boosted its payout every year. It also said it would authorize an $11 billion stock buyback program as it continues to return value to shareholders.
The payments processor’s stock is not cheap, and shares are up 20% year to date, but you’re buying in a business on a firm financial footing. Paying up for quality is worth it here.
Realty Income (O)
Source: Shutterstock
Real estate investment trust (REIT) Realty Income (NYSE:O) is almost a no-brainer when it comes to stocks raising their dividends. Virtually anytime you check on its shares, it’s likely raising the payout. Since the REIT listed its shares on the NYSE in 1994, it has raised its dividend 123 times. The latest increase was announced on Dec. 12, and marks the 105th consecutive quarterly dividend hike.
Moreover, Realty Income pays its dividend to shareholders every month. The latest payout will be the 642nd consecutive payment in the REIT’s 54-year history. It’s the reason the REIT bills itself as the Monthly Dividend Company.
Realty Income’s stock is down 10% year-to-date as concerns about the commercial real estate market amid a possible recession shook investor confidence. The collapse of several regional banks also weighed on the stock as obtaining loans would be more difficult. It wasn’t much of a worry for the REIT, though.
Its tenant list consists primarily of top-tier clients, including Dollar Tree (NASDAQ:DLTR), Dollar General (NYSE:DG) and CVS Health (NYSE:CVS). These are not businesses at risk of shutting down or even contracting. They are — in fact — growing. It’s why Realty Income is rebounding and why its stock deserves a spot in your portfolio.
On the date of publication, Rich Duprey held a long position in O stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.
More From InvestorPlace
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The #1 AI Investment Might Be This Company You’ve Never Heard Of
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Income Boosters: 3 Stocks With Newly Announced Dividend Hikes 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.
|
The performance isn’t as strong as rival Abercrombie & Fitch (NYSE:ANF), but it is noteworthy, nonetheless, and an indicator that retail stocks are worth watching again. Trading at a fraction of sales and less than 7x free cash flow, American Eagle Outfitters is a stock still priced below its historical averages. Realty Income’s stock is down 10% year-to-date as concerns about the commercial real estate market amid a possible recession shook investor confidence.
|
American Eagle Outfitters (AEO) Source: Shutterstock Heading into the Christmas holiday, American Eagle Outfitters (NYSE:AEO) remains one of the top 10 retail stocks. Mastercard (MA) Source: David Cardinez / Shutterstock.com Payments processor Mastercard (NYSE:MA) may run second behind industry giant Visa (NYSE:V), but it’s a behemoth in its own right and should not be ignored. Realty Income (O) Source: Shutterstock Real estate investment trust (REIT) Realty Income (NYSE:O) is almost a no-brainer when it comes to stocks raising their dividends.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Few investment strategies on Wall Street have proven to work as effectively as buying dividend stocks. Realty Income (O) Source: Shutterstock Real estate investment trust (REIT) Realty Income (NYSE:O) is almost a no-brainer when it comes to stocks raising their dividends. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Income Boosters: 3 Stocks With Newly Announced Dividend Hikes appeared first on InvestorPlace.
|
It remains on track to becoming a $2 billion brand in just a few years, with $1.1 billion in sales generated through the first nine months of the year. The payout will rise from $0.57 to $0.66 per share. It also said it would authorize an $11 billion stock buyback program as it continues to return value to shareholders.
|
5b073f45-7aec-43cc-aab9-61ba86e37aae
|
711232.0
|
2023-12-16 00:00:00 UTC
|
Martin Marietta (MLM) Hits 52-Week High, Aids SOAR 2025 Goals
|
DCOMP
|
https://www.nasdaq.com/articles/martin-marietta-mlm-hits-52-week-high-aids-soar-2025-goals
|
nan
|
nan
|
Martin Marietta Materials, Inc. MLM has been banking on increased investments in large infrastructure and manufacturing projects. On Dec 15, this producer and supplier of construction aggregates touched a new 52-week high of $499.31.
However, the stock pulled back to end the trading session at $489.94, down 0.63% from the previous day’s closing price of $493.05.
The company has been benefiting from solid pricing across businesses amid low volume. Also, the business-mix portfolio, its discreetly curated coast-to-coast footprint and its prime focus on value-over-volume commercial strategy are commendable.
Impressive Stock Performance
Martin Marietta’s shares have risen 15.9% in the past three months compared with the Zacks Building Products - Concrete and Aggregates industry’s 11.7% growth and the S&P 500 Index’s 5.3% rise. Investors’ sentiments might have been boosted by the solid inflow of public funds for infrastructure and manufacturing activities.
Image Source: Zacks Investment Research
The bottom-line estimate for 2023 moved up to $18.44 per share from $18.33 in the past seven days, indicating 52.8% year-over-year growth. The positive trend signifies bullish analyst sentiments, indicating robust fundamentals and an outperformance in the near term.
Let’s delve deeper into the factors supporting this Zacks Rank #2 (Buy) company.
Strong Q3 Results & Upbeat 2023 Views: MLM posted solid results for third-quarter 2023, wherein earnings surpassed the Zacks Consensus Estimate by 17% and increased 48% on a year-over-year basis. Revenues also rose 10.1% from the prior-year period's level. Martin Marietta expects a significant boost in aggregate demand in the U.S. economy in the remainder of 2023.
Given the improving trends, the company is optimistic that the demand in its end-markets is likely to accelerate upon the moderation of inflation and stable monetary policy. Owing to the tailwinds, it also raised its full-year expectations for adjusted EBITDA and net earnings from continuing operations.
Martin Marietta now expects consolidated products and services revenues to be in the range of $6,735-$6,855 million compared with $6,725-$6,860 million predicted earlier. The company anticipates adjusted EBITDA to be between $2,050 million and $2,150 million, up from the previously projected range of $2,000-$2,100 million.
Total aggregate pricing per ton is anticipated to grow 18-20%, up from the previously anticipated range of 17-19%. Gross profit is expected to be between $1,350 million and $1,410 million, up from $1,330-$1,395 million expected earlier.
Long-Term Plans: Martin Marietta has been gaining strength from long-term strategic plans — Strategic Operating Analysis and Review (“SOAR”) 2025 initiatives. It is to be noted that 2022 marked the 11th year of consecutive growth in consolidated product and service revenues, adjusted gross profit and adjusted EBITDA.
Martin Marietta has been focusing on SOAR plans that include portfolio optimization, assessing business combinations and arrangements with other companies engaged in similar businesses, increasing footprint in core businesses, investing in internal expansion projects in high-growth markets and pursuing new opportunities associated with the existing markets served.
Higher Infrastructural Spending: The U.S. government’s focus on spurring massive infrastructure investments in roads, highways, ports and airports bodes well for aggregate producers like Martin Marietta.
The plan also addresses the issues related to drinking water and wastewater systems, energy and rural infrastructure and veterans’ hospitals, to name a few. This will further propel demand for products sold by companies like MLM. In the near term, it expects affordability-driven headwinds in the single-family residential end market. This will be offset by a significant acceleration in public infrastructure investment and continued strength in large-scale energy, domestic manufacturing and multi-family residential projects.
As of Sep 30, 2023, highway, bridge and tunnel contract awards increased 18.2% to a record of $114 billion compared with $97 billion as of September 2022 end. In the third quarter of 2023, the infrastructure market accounted for 39% of aggregate shipments.
The firm expects infrastructure shipments to grow meaningfully in the future, driven by healthy state Department of Transportation budgets and an anticipated extension or replacement for the Fixing America’s Surface Transportation Act.
Select In-organic Moves: The company has been reviewing its overall portfolio for opportunities to maximize value by monetizing or exchanging select assets. After terminating the agreement with CalPortland for the sale of the Tehachapi California cement plant on May 3, 2023, Martin Marietta finally divested this business to UNACEM Corp. SAA. on Oct 31, 2023. Also, it divested its California-based Stockton cement import terminal on May 3.
In November, it entered into a definitive agreement to divest its South Texas cement business and certain of its related concrete operations to CRH plc’s CRH subsidiary, CRH Americas Materials, Inc.
After the $2.1 billion worth of divestiture, the assets of the acquirer will include the Hunter cement plant in New Braunfels, a chain of terminals along the eastern Gulf coast of Texas and 20 concrete plants serving the Austin and San Antonio region. The integrated portfolio of these assets is expected to generate pro-forma 2023 EBITDA of nearly $170 million. This transaction is subject to regulatory approval and is expected to close in the first half of 2024.
About CRH
CRH is a provider of building materials solutions with operating locations in 29 countries. It operates in two divisions that are CRH Americas and CRH Europe. In 2022, the Americas division contributed 63% of its global sales and the Europe division contributed 37% of the same. In the third quarter of 2023, both its operating divisions contributed strongly, thus resulting in sales growth year over year.
The firm currently carries a Zacks Rank #2. The Zacks Consensus Estimate for CRH’s 2023 sales and earnings per share indicates growth of 12.4% and 31%, respectively, from the previous year’s reported levels.
Other Stocks to Consider
Two other top-ranked stocks in the Zacks Construction sector are Frontdoor, Inc. FTDR and James Hardie Industries plc JHX, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Frontdoor: Based in Memphis, TN, the company provides home service plans in the United States. The firm is benefiting from impressive customer retention rates. Thanks to the robust awareness of the Frontdoor brand, it has been shifting its attention toward capitalizing on customer demand. This strategic move allows FTDR to redirect its marketing investments toward expanding its Direct-to-Consumer channel under the American Home Shield brand.
Looking ahead, the company is committed to establishing a solid foundation by investing in its brand, technology infrastructure and enhancing productivity throughout the organization.
Frontdoor has seen an upward earnings estimate revision to $2.03 and $2.34 per share for 2023 and 2024, respectively, over the past 60 days from $1.65 and $1.89. The estimated figure indicates 59.8% and 15.1% year-over-year growth for 2023 and 2024, respectively. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 163.7%.
James Hardie Industries: The firm pioneered the development of fiber cement technology in the 1980s. JHX has many product applications, including external siding, trim and fascia, ceiling lining and flooring, partitioning, decorative columns, fencing and drainage pipes.
JHX has seen an upward bottom-line estimate revision of 0.6% and 1.2% for fiscal 2024 and 2025, respectively, over the past seven days to $1.58 and $1.66. The estimated figure indicates 16.2% and 5.1% year-over-year growth for fiscal 2024 and 2025, respectively.
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
Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report
James Hardie Industries PLC. (JHX) : Free Stock Analysis Report
CRH PLC (CRH) : Free Stock Analysis Report
Frontdoor Inc. (FTDR) : 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.
|
Impressive Stock Performance Martin Marietta’s shares have risen 15.9% in the past three months compared with the Zacks Building Products - Concrete and Aggregates industry’s 11.7% growth and the S&P 500 Index’s 5.3% rise. This will be offset by a significant acceleration in public infrastructure investment and continued strength in large-scale energy, domestic manufacturing and multi-family residential projects. JHX has many product applications, including external siding, trim and fascia, ceiling lining and flooring, partitioning, decorative columns, fencing and drainage pipes.
|
Long-Term Plans: Martin Marietta has been gaining strength from long-term strategic plans — Strategic Operating Analysis and Review (“SOAR”) 2025 initiatives. Click to get this free report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report James Hardie Industries PLC. (JHX) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report Frontdoor Inc. (FTDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Impressive Stock Performance Martin Marietta’s shares have risen 15.9% in the past three months compared with the Zacks Building Products - Concrete and Aggregates industry’s 11.7% growth and the S&P 500 Index’s 5.3% rise. Martin Marietta has been focusing on SOAR plans that include portfolio optimization, assessing business combinations and arrangements with other companies engaged in similar businesses, increasing footprint in core businesses, investing in internal expansion projects in high-growth markets and pursuing new opportunities associated with the existing markets served. (JHX) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report Frontdoor Inc. (FTDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research The bottom-line estimate for 2023 moved up to $18.44 per share from $18.33 in the past seven days, indicating 52.8% year-over-year growth. Martin Marietta has been focusing on SOAR plans that include portfolio optimization, assessing business combinations and arrangements with other companies engaged in similar businesses, increasing footprint in core businesses, investing in internal expansion projects in high-growth markets and pursuing new opportunities associated with the existing markets served. The Zacks Consensus Estimate for CRH’s 2023 sales and earnings per share indicates growth of 12.4% and 31%, respectively, from the previous year’s reported levels.
|
f56bc12a-3bb6-4cb3-a5fe-f0c65c862546
|
711233.0
|
2023-12-16 00:00:00 UTC
|
Energy Sector Update for 12/18/2023: XOM, KEN, EXC
|
DCOMP
|
https://www.nasdaq.com/articles/energy-sector-update-for-12-18-2023%3A-xom-ken-exc
|
nan
|
nan
|
Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 1.5%.
The Philadelphia Oil Service Sector index was posting a 1% increase, and the Dow Jones US Utilities index edged up 0.1%.
Front-month West Texas Intermediate crude oil was rising 2.4% to $73.16 a barrel, while global benchmark Brent was advancing 2.4% to $78.42 a barrel. Henry Hub natural-gas futures jumped 3.1% to $2.57 per 1 million BTU.
In corporate news, BlackRock (BLK) has 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 1.8%.
Kenon (KEN) unit OPC Energy said Sunday it has 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 6.9%.
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 2.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In corporate news, BlackRock (BLK) has backed out of discussions to buy Exxon Mobil's (XOM) majority stake in Italy's main liquefied natural gas import terminal, Reuters reported Monday. Kenon (KEN) unit OPC Energy said Sunday it has 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. 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.
|
Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 1.5%. The Philadelphia Oil Service Sector index was posting a 1% increase, and the Dow Jones US Utilities index edged up 0.1%. Kenon shares jumped 6.9%.
|
Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 1.5%. In corporate news, BlackRock (BLK) has backed out of discussions to buy Exxon Mobil's (XOM) majority stake in Italy's main liquefied natural gas import terminal, Reuters reported Monday. Kenon (KEN) unit OPC Energy said Sunday it has 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.
|
Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 1.5%. Kenon shares jumped 6.9%. Exelon shares fell 2.8%.
|
ab999407-4896-4e0d-a2ad-51a7e53cb50e
|
711234.0
|
2023-12-16 00:00:00 UTC
|
Seeking Clues to Nike (NKE) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
|
DCOMP
|
https://www.nasdaq.com/articles/seeking-clues-to-nike-nke-q2-earnings-a-peek-into-wall-street-projections-for-key-metrics
|
nan
|
nan
|
In its upcoming report, Nike (NKE) is predicted by Wall Street analysts to post quarterly earnings of $0.84 per share, reflecting a decline of 1.2% compared to the same period last year. Revenues are forecasted to be $13.42 billion, representing a year-over-year increase of 0.8%.
The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Nike metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenue- Global Brand Divisions' to come in at $17.04 million. The estimate indicates a change of -5.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Converse' of $561.67 million. The estimate points to a change of -4.2% from the year-ago quarter.
Analysts forecast 'Revenue- Corporate' to reach $0.84 million. The estimate indicates a change of -83.2% from the prior-year quarter.
Analysts predict that the 'Revenue- Footwear' will reach $8.51 billion. The estimate points to a change of +0.1% from the year-ago quarter.
It is projected by analysts that the 'Geographic Revenue- North America' will reach $5.53 billion. The estimate points to a change of -5.2% from the year-ago quarter.
The consensus estimate for 'Geographic Revenue- Asia Pacific & Latin America' stands at $1.64 billion. The estimate points to a change of +2.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- Europe, Middle East and Africa' should arrive at $3.61 billion. The estimate points to a change of +3.5% from the year-ago quarter.
The consensus among analysts is that 'Geographic Revenue- Greater China' will reach $1.95 billion. The estimate indicates a change of +9.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Geographic Revenue- North America- Footwear' should come in at $3.69 billion. The estimate suggests a change of -7% year over year.
Analysts' assessment points toward 'Geographic Revenue- Asia Pacific & Latin America- Equipment' reaching $58.00 million. The estimate points to a change of +3.6% from the year-ago quarter.
The average prediction of analysts places 'Geographic Revenue- Asia Pacific & Latin America- Apparel' at $428.32 million. The estimate indicates a change of -1.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Revenue- Asia Pacific & Latin America- Footwear' will likely reach $1.16 billion. The estimate points to a change of +4.8% from the year-ago quarter.
View all Key Company Metrics for Nike here>>>
Shares of Nike have experienced a change of +14.7% in the past month compared to the +5.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), NKE is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks 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
NIKE, Inc. (NKE) : 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 its upcoming report, Nike (NKE) is predicted by Wall Street analysts to post quarterly earnings of $0.84 per share, reflecting a decline of 1.2% compared to the same period last year. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
|
Analysts' assessment points toward 'Geographic Revenue- Asia Pacific & Latin America- Equipment' reaching $58.00 million. The combined assessment of analysts suggests that 'Geographic Revenue- Asia Pacific & Latin America- Footwear' will likely reach $1.16 billion. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
|
The estimate points to a change of -4.2% from the year-ago quarter. The estimate points to a change of +0.1% from the year-ago quarter. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
|
In its upcoming report, Nike (NKE) is predicted by Wall Street analysts to post quarterly earnings of $0.84 per share, reflecting a decline of 1.2% compared to the same period last year. The collective assessment of analysts points to an estimated 'Revenue- Converse' of $561.67 million. Analysts' assessment points toward 'Geographic Revenue- Asia Pacific & Latin America- Equipment' reaching $58.00 million.
|
b646c135-770a-4add-a53b-3cd1d7d267c7
|
711235.0
|
2023-12-16 00:00:00 UTC
|
Realty Income Stock (NYSE:O): Is This Dividend Aristocrat Worth Buying?
|
DCOMP
|
https://www.nasdaq.com/articles/realty-income-stock-nyse%3Ao%3A-is-this-dividend-aristocrat-worth-buying
|
nan
|
nan
|
Realty Income (NYSE:O), a retail real estate investment trust (REIT), has a solid reputation as a dependable option for income-seeking investors. What’s more, the company has been added to the S&P Dividend Aristocrat Index after increasing its dividends for the past 25 years, making analysts optimistic about the stock. Meanwhile, taking the positives into account, I am only cautiously optimistic about the stock due to its aggressive expansion strategy during challenging macroeconomic conditions, which may be risky.
Understanding Realty Income
Realty Income's strategy is to acquire freestanding, single-tenant properties. These properties are then leased to a diverse range of tenants, spanning various industries such as convenience stores, pharmacies, dollar stores, and even well-known retail chains. The company's portfolio includes 13,250 properties across 85 industries.
Its portfolio diversity and the quality of its tenants play a significant role in reducing risk. With a wide array of tenants operating in different sectors, the risk associated with a single industry downturn is minimized.
This strategy has enabled it to pay monthly dividends of $0.2565 per share, earning it the title “The Monthly Dividend Company.” Realty Income stock has returned 145% to investors in the last decade.
Improving Fundamentals
Realty Income earns rental income by leasing out properties, which is the source of its revenue. It primarily uses triple-net leases, where besides rent, the tenant also pays for maintenance costs, property taxes, and insurance.
Furthermore, the company's lease agreements have a weighted average lease term of around 9.7 years, which means the company has recurring revenue.
In the third quarter, Realty Income’s revenue increased by 24.1% year-over-year to $1.04 billion, surpassing analysts’ expectations of $994.87 million. Earnings per share came in at $0.33, higher than the consensus estimate of $0.32 per share.
REITs are required to distribute 90% of their taxable income in the form of dividends to their shareholders. In the case of REITs, AFFO (adjusted funds from operations) measures the cash available to be paid out as dividends, similar to what net income measures for non-REITs. Realty Income’s AFFO increased to $721.4 million in Q3 from $603.6 million in the year-ago quarter.
Looking ahead, management expects AFFO to be in the range of $3.98 to $4.01 per share for the full year, up from $3.92 per share in 2022.
Does a High Dividend Yield Make Realty Income a Good Buy?
Realty Income has an appealing dividend yield of 5.3%. In comparison, the sector average is 3.91%. While the yield may entice investors, dividend payment consistency is important when selecting dividend stocks. The good thing is that Realty Income has proven its worth there as well. The December dividend increase marked its 123rd dividend increase since its public listing in 1994.
Furthermore, with an AFFO payout ratio of 76.3%, Realty Income's dividends are sustainable, with more room for dividend growth.
However, the company has been on a spending spree recently, which is an added risk if things don't go according to plan. Recently, Realty Income announced an all-stock agreement to acquire Spirit Realty Capital (NYSE:SRC) for a hefty enterprise value of $9.3 billion. This transaction is expected to "deliver over 2.5% accretion" to Realty's annualized AFFO per share, according to management.
CEO Sumit Roy noted, “We expect that this transaction will create immediate and meaningful earnings accretion, while enhancing the diversification and depth of our high-quality real estate portfolio.”
Management also highlighted that Realty will not require any additional external capital to fund this agreement. Following regulatory approvals, the company expects to seal the deal in Q1 2024.
This transaction follows its $950 million investment in August to acquire Bellagio Las Vegas. Still, spending heavily on mergers and acquisitions during rising interest rate periods may not be a good idea. In Q3, the company invested $2.0 billion in 289 properties. This could explain Realty's stock dip of 6.2% year-to-date, compared to the S&P 500's (SPX) nearly 25% gain.
Is Realty Income Stock a Buy, According to Analysts?
Overall, Wall Street remains bullish on Realty Income stock, giving it a Moderate Buy rating. Following its third quarter results, analysts at Wolfe Research, Mizuho Securities, and Exane BNP Paribas upgraded the stock to Buy. Meanwhile, BofA maintained its Hold rating, citing the possibility that it is too early to be overly optimistic about the net lease REIT sub-sector. BofA, however, increased its price target for O stock to $55 from $52.
Out of 11 analysts covering the stock, six rate it a Buy, and five rate it a Hold. None rate it a Sell. The average O stock price target is $59.45, which implies upside potential of 4.2% from current levels.
The Verdict on Realty Income
Realty Income Corporation stands as an attractive option for investors seeking stability and consistent income from their investments. A proven track record of paying out monthly dividends, an attractive dividend yield, and a diverse portfolio make a compelling case for Realty Income.
While Realty Income's diverse portfolio helps to mitigate some risks, larger economic challenges can still have an impact on its operations. As a result, I am cautiously optimistic that Realty Income will be able to maintain its dividend payouts over the long haul if it is smart with its finances.
Furthermore, TipRanks has also assigned a Perfect 10 Smart Score to Realty Income stock, indicating that the stock has a high probability of outperforming the broader market.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Realty Income (NYSE:O), a retail real estate investment trust (REIT), has a solid reputation as a dependable option for income-seeking investors. Meanwhile, taking the positives into account, I am only cautiously optimistic about the stock due to its aggressive expansion strategy during challenging macroeconomic conditions, which may be risky. CEO Sumit Roy noted, “We expect that this transaction will create immediate and meaningful earnings accretion, while enhancing the diversification and depth of our high-quality real estate portfolio.” Management also highlighted that Realty will not require any additional external capital to fund this agreement.
|
Realty Income (NYSE:O), a retail real estate investment trust (REIT), has a solid reputation as a dependable option for income-seeking investors. Does a High Dividend Yield Make Realty Income a Good Buy? A proven track record of paying out monthly dividends, an attractive dividend yield, and a diverse portfolio make a compelling case for Realty Income.
|
Understanding Realty Income Realty Income's strategy is to acquire freestanding, single-tenant properties. This strategy has enabled it to pay monthly dividends of $0.2565 per share, earning it the title “The Monthly Dividend Company.” Realty Income stock has returned 145% to investors in the last decade. The Verdict on Realty Income Realty Income Corporation stands as an attractive option for investors seeking stability and consistent income from their investments.
|
What’s more, the company has been added to the S&P Dividend Aristocrat Index after increasing its dividends for the past 25 years, making analysts optimistic about the stock. In Q3, the company invested $2.0 billion in 289 properties. A proven track record of paying out monthly dividends, an attractive dividend yield, and a diverse portfolio make a compelling case for Realty Income.
|
80c4eabd-a87d-411b-a620-6f84a3bf25a7
|
711236.0
|
2023-12-16 00:00:00 UTC
|
After-Hours Earnings Report for December 18, 2023 : HEI, QIPT, JOB
|
DCOMP
|
https://www.nasdaq.com/articles/after-hours-earnings-report-for-december-18-2023-%3A-hei-qipt-job
|
nan
|
nan
|
The following companies are expected to report earnings after hours on 12/18/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Heico Corporation (HEI)is reporting for the quarter ending October 31, 2023. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.70. This value represents a no change for the same quarter last year. In the past year HEI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for HEI is 63.58 vs. an industry ratio of 26.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Quipt Home Medical Corp. (QIPT)is reporting for the quarter ending September 30, 2023. The medical products company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.02. This value represents a 60.00% decrease compared to the same quarter last year. The last two quarters QIPT had negative earnings surprises; the latest report they missed by -200%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for QIPT is -144.67 vs. an industry ratio of 9.80.
GEE Group Inc. (JOB)is reporting for the quarter ending September 30, 2023. The consensus earnings per share forecast from the 1 analyst that follows the stock is $0.02. JOB reported earnings of $0 per share for the same quarter a year ago; representing a
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.70. The medical products company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.02. The last two quarters QIPT had negative earnings surprises; the latest report they missed by -200%.
|
Zacks Investment Research reports that the 2023 Price to Earnings ratio for HEI is 63.58 vs. an industry ratio of 26.90, implying that they will have a higher earnings growth than their competitors in the same industry. The medical products company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.02. Zacks Investment Research reports that the 2023 Price to Earnings ratio for QIPT is -144.67 vs. an industry ratio of 9.80.
|
Zacks Investment Research reports that the 2023 Price to Earnings ratio for HEI is 63.58 vs. an industry ratio of 26.90, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for QIPT is -144.67 vs. an industry ratio of 9.80. JOB reported earnings of $0 per share for the same quarter a year ago; representing a The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The following companies are expected to report earnings after hours on 12/18/2023. In the past year HEI has met analyst expectations once and beat the expectations the other three quarters. Quipt Home Medical Corp. (QIPT)is reporting for the quarter ending September 30, 2023.
|
36892ce0-40b7-4cb7-b328-4c2ff194b224
|
711237.0
|
2023-12-16 00:00:00 UTC
|
Gear Up for Paychex (PAYX) Q2 Earnings: Wall Street Estimates for Key Metrics
|
DCOMP
|
https://www.nasdaq.com/articles/gear-up-for-paychex-payx-q2-earnings%3A-wall-street-estimates-for-key-metrics
|
nan
|
nan
|
The upcoming report from Paychex (PAYX) is expected to reveal quarterly earnings of $1.07 per share, indicating an increase of 8.1% compared to the year-ago period. Analysts forecast revenues of $1.27 billion, representing an increase of 6.5% year over year.
Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Paychex metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenue- Management Solutions' will reach $944.84 million. The estimate indicates a change of +5.5% from the prior-year quarter.
Analysts expect 'Revenue- Interest on funds held for clients' to come in at $33.38 million. The estimate indicates a change of +53.8% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Total service revenue' at $1.23 billion. The estimate indicates a year-over-year change of +5.6%.
Analysts' assessment points toward 'Revenue- PEO and Insurance Services' reaching $289.02 million. The estimate suggests a change of +5.8% year over year.
The collective assessment of analysts points to an estimated 'Average investment Balance - Funds held for clients' of $4.08 billion. Compared to the present estimate, the company reported $4.01 billion in the same quarter last year.
According to the collective judgment of analysts, 'Average investment Balance - Corporate cash equivalents and investments' should come in at $1.50 billion. The estimate is in contrast to the year-ago figure of $1.35 billion.
View all Key Company Metrics for Paychex here>>>
Paychex shares have witnessed a change of +7.9% in the past month, in contrast to the Zacks S&P 500 composite's +5.2% move. With a Zacks Rank #4 (Sell), PAYX is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks 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
Paychex, Inc. (PAYX) : 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 upcoming report from Paychex (PAYX) is expected to reveal quarterly earnings of $1.07 per share, indicating an increase of 8.1% compared to the year-ago period. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
|
The upcoming report from Paychex (PAYX) is expected to reveal quarterly earnings of $1.07 per share, indicating an increase of 8.1% compared to the year-ago period. The collective assessment of analysts points to an estimated 'Average investment Balance - Funds held for clients' of $4.08 billion. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
|
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding. The collective assessment of analysts points to an estimated 'Average investment Balance - Funds held for clients' of $4.08 billion. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
|
Compared to the present estimate, the company reported $4.01 billion in the same quarter last year. View all Key Company Metrics for Paychex here>>> Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
6814bbf8-438d-4178-9507-a09214bc978d
|
711238.0
|
2023-12-16 00:00:00 UTC
|
Reasons to Add Axon Enterprise (AXON) to Your Portfolio Now
|
DCOMP
|
https://www.nasdaq.com/articles/reasons-to-add-axon-enterprise-axon-to-your-portfolio-now
|
nan
|
nan
|
Axon Enterprise, Inc. AXON is well poised for growth courtesy of strength across its end markets, solid demand environment, strategic acquisitions and improvement in manufacturing efficiency. The company remains focused on investing in growth opportunities and solidifying its long-term market position.
The company, which currently carries a Zacks Rank #2 (Buy), has a market capitalization of $19.2 billion. Over the past six months, it has gained 25.4% against the industry’s decline of 3.7%.
Image Source: Zacks Investment Research
Let’s delve into the factors that have been aiding the company for a while now.
Business Strength: Axon has been benefiting from strong demand for TASER devices and cartridges. Robust sales from virtual reality training services have been driving the TASER segment. Driven by strength across its end markets, the segment’s revenues increased 14.3% year over year in the first nine months of 2023. In January 2023, the company launched its next-generation energy device, TASER 10, which has a 10-probe capacity and a maximum range of 45 feet. Shipment of this product began earlier this year and solid customer response is contributing to the segment’s growth.
The addition of new users and associated devices to the AXON network is aiding the Software & Sensors segment. After witnessing a 54.4% jump in revenues in 2022, revenues from the segment surged 48.2% year over year in the first nine months of 2023. Strong momentum in Axon Evidence and cloud services, driven by an increase in the aggregate number of users, average revenue per user and software add-ons, are also driving the segment’s growth.
Solid 2023 View: With the strong initial response for Axon Body 4 camera and TASER 10 device, Axon has raised its 2023 guidance. The company currently expects revenues of $1.55 billion, higher than the $1.44-$1.46 billion projected earlier. The guided range reflects an approximate 30% year-over-year increase. AXON expects adjusted EBITDA of $322 million in 2023 compared with $302-$306 million anticipated earlier. Adjusted EBITDA margin is expected to be 20.8% in 2023.
Acquisition Benefits: The company remains open to acquiring businesses to gain access to new customers, regions and product lines. AXON’s acquisition of Sky-Hero (July 2023), an innovator in drones and ground-based vehicles, expanded its Axon Air portfolio, which consists of the company’s drone software and hardware portfolio. The buyout is aligned with Axon’s "moonshot" goal to cut down gun-related deaths between police and the public by 50% over the next decade.
Also, the company’s investments in automation, research and development and manufacturing efficiency are anticipated to drive its margin performance in the upcoming quarters.
3 Other Promising Stocks
We have highlighted three other top-ranked stocks, namely Alarm.com ALRM, Lakeland Industries LAKE and Resideo Technologies REZI, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alarm.com delivered a trailing four-quarter average earnings surprise of 35%. In the past 60 days, the Zacks Consensus Estimate for ALRM’s 2023 earnings has increased 12.4%. The stock has risen 19.6% in the past six months.
Lakeland Industries has a trailing four-quarter average earnings surprise of 38.4%. The consensus estimate for LAKE’s 2023 earnings has increased 8.6% in the past 60 days. Shares of the company have rallied 21.4% in the past six months.
Resideo Technologies delivered a trailing four-quarter average earnings surprise of 5.7%. In the past 60 days, the consensus estimate for REZI’s 2023 earnings has improved 18.4%. The stock has risen 4.5% in the past six months.
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
Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM) : Free Stock Analysis Report
Axon Enterprise, Inc (AXON) : Free Stock Analysis Report
Resideo Technologies, Inc. (REZI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Acquisition Benefits: The company remains open to acquiring businesses to gain access to new customers, regions and product lines. Also, the company’s investments in automation, research and development and manufacturing efficiency are anticipated to drive its margin performance in the upcoming quarters. 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%.
|
3 Other Promising Stocks We have highlighted three other top-ranked stocks, namely Alarm.com ALRM, Lakeland Industries LAKE and Resideo Technologies REZI, each sporting a Zacks Rank #1 (Strong Buy). Resideo Technologies delivered a trailing four-quarter average earnings surprise of 5.7%. Click to get this free report Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM) : Free Stock Analysis Report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report Resideo Technologies, Inc. (REZI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Strong momentum in Axon Evidence and cloud services, driven by an increase in the aggregate number of users, average revenue per user and software add-ons, are also driving the segment’s growth. 3 Other Promising Stocks We have highlighted three other top-ranked stocks, namely Alarm.com ALRM, Lakeland Industries LAKE and Resideo Technologies REZI, each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM) : Free Stock Analysis Report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report Resideo Technologies, Inc. (REZI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
3 Other Promising Stocks We have highlighted three other top-ranked stocks, namely Alarm.com ALRM, Lakeland Industries LAKE and Resideo Technologies REZI, each sporting a Zacks Rank #1 (Strong Buy). 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?
|
e278fd98-d1e2-42e7-91c5-fb001843535b
|
711239.0
|
2023-12-16 00:00:00 UTC
|
Best Value Stocks 2024: 3 Names to Add to Your Must-Buy List
|
DCOMP
|
https://www.nasdaq.com/articles/best-value-stocks-2024%3A-3-names-to-add-to-your-must-buy-list
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Value stocks are in a good place at the moment, and I’m not merely basing my argument on the fact that the Vanguard Value Index Fund (NYSEARCA:VTV) has surged by more than 5% in the past six months. In fact, I believe forward-looking variables are well-aligned for the best value stocks to hit the ground running next year.
Global yield curves suggest interest rates will start tapering next year. The initial taper may be due to economic softening, providing little margin for growth stocks to prosper. However, high-quality value stocks characterized by mature business models with sustainable cash flows could skyrocket due to their tendency to outperform the market in an inverted yield curve environment.
Given my outlook, I decided to delve into the value stock space and identify three best-in-class value stocks to buy. Let’s discuss each.
Intesa Sanpaolo (ISNPY)
Source: Africa Studio / Shutterstock.com
Intesa Sanpaolo (OTCMKTS:ISNPY) is a renowned Italian bank. The bank primarily facilitates commercial loans via its Banca dei Territori business. Moreover, Intesa Sanpaolo hosts solid execution in retail banking, allowing it to produce stellar results throughout the economic cycle.
In my view, the Italian bank could benefit from broad-based interest rate declines in the European Union next year. Lower funding rates paired with countercyclical credit spreads may lead to significant profits for commercial banks such as Intesa.
Furthermore, Intesa Sanpaolo’s latest stress test results communicate efficiency, subsequently instilling investor confidence. The company released its capital requirements report last month, conveying a 9.32% common equity tier-one ratio. That placed it in the upper echelon of the bank balance sheet spectrum.
ISNPY stock has a price-to-book ratio of 0.75x, suggesting it is significantly undervalued. In addition, ISNPY’s forward dividend yield of 8.88% provides income-based returns and adds a floor to the asset.
It’s all systems go for ISNPY stock!
SkyWest (SKYW)
Source: Heather Dunbar / Shutterstock.com
SkyWest (NASDAQ:SKYW) stock is experiencing tremendous momentum from industry-based variables and structural advantages. Its price surged 2.04x year-over-year, and its salient variables imply that SKYW has more gains in store.
Airline bookings surged by 10.7% in the three weeks leading up to December 3rd, and the trend could continue throughout the festive season. In addition, SkyWest recently beat its third-quarter earnings target, leading to a 10% stock increase on the day, implying the market is excited about SkyWest’s prospects.
Dialing in on SkyWest’s third-quarter results shows topline resilience. The company delivered quarterly revenue of $766 million, accompanied by a $57 million deferral. Although the company’s revenue settled 3% lower than the same time last year, airline bookings are on the up, and a better consumer environment could surface next year, allowing for increased revenue. Moreover, SkyWest’s input costs are set to ease amid cooling inflation and a less demanding labor force.
I firmly believe SKYW stock is undervalued. Its price-to-book ratio of 0.95x is lucrative. Additionally, SkyWest repurchased 1.2 million shares for $50 million during its third quarter, lowering its stock’s cost basis. Strong buy here!
Newmont Corporation (NEM)
Source: Piotr Swat/Shutterstock
Newmont Corporation (NYSE:NEM) is front and center when it comes to systematic risk exposure, meaning its stock is interlinked with gold prices. Gold futures and spot prices are well placed going into the new year as a U.S. interest rate pivot will likely see the U.S. dollar weaken and gold moving in the other direction. That concurrent movement will attach enhanced valuation multiples to Newmont’s inventory value.
Furthermore, telling operational catalysts have emerged. For example, Newmont recently acquired Newcrest Mining to bolster its exposure to high-quality Australian reserves. In addition, Newmont is exploring a reshuffle of its existing portfolio via the disposition of the Cripple Creek & Victor mine. The Cripple Creek & Victor mine is a smaller asset that no longer aligns with Newmont’s corporate strategy. A potential sale will free up additional liquidity, allowing Newmont to scale its primary assets or venture into additional acquisitions.
Newmont recently missed its third-quarter revenue and earnings-per-share targets by $329.31 million and 4 cents, respectively. However, the stock has surged by about 10% ever since, suggesting investors believe the Newcrest deal and higher gold prices will outweigh recent results.
Lastly, key indicators suggest NEM stock is undervalued. Newmont’s forward price-to-book value of 1.41x is about 24% below its 5-year average. Moreover, NEM’s forward dividend yield of 3.91% is compelling to say the least.
On the date of publication, Steve Booyens 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.
Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for institutional equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary – University of London. Furthermore, Steve has passed CFA Levels 1 & 2 and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve’s articles on InvestorPlace form an interesting juxtaposition between mainstream opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.
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. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Best Value Stocks 2024: 3 Names to Add to Your Must-Buy List 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.
|
However, high-quality value stocks characterized by mature business models with sustainable cash flows could skyrocket due to their tendency to outperform the market in an inverted yield curve environment. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Best Value Stocks 2024: 3 Names to Add to Your Must-Buy List appeared first on InvestorPlace.
|
Intesa Sanpaolo (ISNPY) Source: Africa Studio / Shutterstock.com Intesa Sanpaolo (OTCMKTS:ISNPY) is a renowned Italian bank. SkyWest (SKYW) Source: Heather Dunbar / Shutterstock.com SkyWest (NASDAQ:SKYW) stock is experiencing tremendous momentum from industry-based variables and structural advantages. Newmont Corporation (NEM) Source: Piotr Swat/Shutterstock Newmont Corporation (NYSE:NEM) is front and center when it comes to systematic risk exposure, meaning its stock is interlinked with gold prices.
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Value stocks are in a good place at the moment, and I’m not merely basing my argument on the fact that the Vanguard Value Index Fund (NYSEARCA:VTV) has surged by more than 5% in the past six months. In addition, SkyWest recently beat its third-quarter earnings target, leading to a 10% stock increase on the day, implying the market is excited about SkyWest’s prospects. Newmont Corporation (NEM) Source: Piotr Swat/Shutterstock Newmont Corporation (NYSE:NEM) is front and center when it comes to systematic risk exposure, meaning its stock is interlinked with gold prices.
|
Global yield curves suggest interest rates will start tapering next year. ISNPY stock has a price-to-book ratio of 0.75x, suggesting it is significantly undervalued. In addition, ISNPY’s forward dividend yield of 8.88% provides income-based returns and adds a floor to the asset.
|
a699bca8-2245-46b1-bae2-31ed8f1c4788
|
711240.0
|
2023-12-16 00:00:00 UTC
|
4 Business Services Stocks That More Than Doubled This Year
|
DCOMP
|
https://www.nasdaq.com/articles/4-business-services-stocks-that-more-than-doubled-this-year
|
nan
|
nan
|
Looking back at 2023, we see that it was the year of gradual strengthening of the economy, boosting service activities. While service activities remained in good shape through the year, their positive impacts on the sector were partially offset by contracting economic activity in the manufacturing sector.
Fed’s decision for a third consecutive pause on interest rate hikes since July acted as a tailwind for the Business Services sector. The sector is currently balancing between growth in services pertaining to transportation & warehousing, retail, wholesale, finance & insurance, health care & social assistance, rental & leasing, education and weakness in information, mining, and professional, scientific & technical Services.
2023 Trends That Should Prevail in 2024
With service activities remaining in good shape, the demand for business services is expected to continue rising. Notably, the Services PMI measured by the Institute for Supply Management has recorded the 11th consecutive month of expansion in November. It registered 52.7%, increasing 0.9 percentage points from October’s reading of 51.8%.
Companies that have established successful work-from-home models are focused on digital transformation and have witnessed demand for their services going up or staying constant in the post-pandemic business environment have performed significantly well this year. With digitization and remote working becoming parts of the new normal, these companies are poised to continue their stellar performance in 2024.
4 Business Services Stocks That Warrant a Look
Here, we have picked four Business Services stocks with Zacks Rank #1 (Strong Buy) or #2 (Buy) that have gained more than 100% in 2023 and have witnessed upward estimate revisions in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Limbach Holdings, Inc. LMB: This integrated building systems solutions company is benefiting from the strong performance of the Owner Direct Relationships segment, offsetting continued softness in the General Contractor Relationships. Owner Direct Relationships revenues in the quarter are being driven by the company’s continued focus on increasing the segment’s contribution to the business.
Owner Direct Relationships revenues increased 10.3% year over year in the third quarter of 2023. General Contractor Relationships revenues stayed flat.
Shares of Limbach have rallied a massive 315.1% year to date. The Zacks Consensus Estimate for the 2023 bottom line has been revised 28.7% north in the past 60 days. The company currently sports a Zacks Rank #1.
Limbach Holdings, Inc. Price, Consensus and EPS Surprise
Limbach Holdings, Inc. price-consensus-eps-surprise-chart | Limbach Holdings, Inc. Quote
Duolingo, Inc. DUOL: This operator of mobile learning platform is currently reaping the benefits of product improvements, cost discipline and creative marketing efforts.
The company’s daily and monthly average users increased 63% and 47%, respectively, year over year, in the third quarter of 2023. Number of subscribers increased 60% year over year. All these led to a 43% year-over-year increase in revenues in the quarter. Adjusted EPS came in at 6 cents compared with a loss of 46 cents in the year-ago quarter.
The Zacks Consensus Estimate for the company’s 2023 earnings is currently pegged at 25 cents, having moved from a loss of 9 cents over the past 60 days. This Zacks Rank #1 stock has appreciated a whopping 225.4% this year.
Duolingo, Inc. Price, Consensus and EPS Surprise
Duolingo, Inc. price-consensus-eps-surprise-chart | Duolingo, Inc. Quote
Palantir Technologies Inc. PLTR: This software platform developer is benefiting from healthy business from existing as well as new customers, strengthening both the Government and Commercial segments. The Government segment revenues grew 12% and the Commercial segment revenues surged 33% year over year in the third quarter of 2023.
The Zacks Consensus Estimate for the company’s 2023 earnings is currently pegged at 25 cents, having moved up 8.7% over the past 60 days. This Zacks Rank #1 stock has appreciated a whopping 183.5% this year.
Palantir Technologies Inc. Price, Consensus and EPS Surprise
Palantir Technologies Inc. price-consensus-eps-surprise-chart | Palantir Technologies Inc. Quote
Nu Holdings Ltd. NU: This provider of digital banking platforms and digital financial services is currently benefiting from strong customer growth, higher levels of customer monetization and a low-cost operating platform. The company’s revenues increased 63.5% and earnings surged more than 100% year over year in the third quarter of 2023.
Shares of NU have rallied 103.9% year to date. The Zacks Consensus Estimate for the 2023 bottom line has been revised 4.8% north in the past 60 days. The company carries a Zacks Rank #2 at present.
Nu Holdings Ltd. Price, Consensus and EPS Surprise
Nu Holdings Ltd. price-consensus-eps-surprise-chart | Nu Holdings Ltd. Quote
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
Nu Holdings Ltd. (NU) : Free Stock Analysis Report
Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report
Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report
Duolingo, Inc. (DUOL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Fed’s decision for a third consecutive pause on interest rate hikes since July acted as a tailwind for the Business Services sector. Companies that have established successful work-from-home models are focused on digital transformation and have witnessed demand for their services going up or staying constant in the post-pandemic business environment have performed significantly well this year. Owner Direct Relationships revenues in the quarter are being driven by the company’s continued focus on increasing the segment’s contribution to the business.
|
Palantir Technologies Inc. Price, Consensus and EPS Surprise Palantir Technologies Inc. price-consensus-eps-surprise-chart | Palantir Technologies Inc. Quote Nu Holdings Ltd. NU: This provider of digital banking platforms and digital financial services is currently benefiting from strong customer growth, higher levels of customer monetization and a low-cost operating platform. Nu Holdings Ltd. Price, Consensus and EPS Surprise Nu Holdings Ltd. price-consensus-eps-surprise-chart | Nu Holdings Ltd. Quote Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024? Click to get this free report Nu Holdings Ltd. (NU) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
4 Business Services Stocks That Warrant a Look Here, we have picked four Business Services stocks with Zacks Rank #1 (Strong Buy) or #2 (Buy) that have gained more than 100% in 2023 and have witnessed upward estimate revisions in the past 60 days. Nu Holdings Ltd. Price, Consensus and EPS Surprise Nu Holdings Ltd. price-consensus-eps-surprise-chart | Nu Holdings Ltd. Quote Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024? Click to get this free report Nu Holdings Ltd. (NU) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
4 Business Services Stocks That Warrant a Look Here, we have picked four Business Services stocks with Zacks Rank #1 (Strong Buy) or #2 (Buy) that have gained more than 100% in 2023 and have witnessed upward estimate revisions in the past 60 days. Limbach Holdings, Inc. Price, Consensus and EPS Surprise Limbach Holdings, Inc. price-consensus-eps-surprise-chart | Limbach Holdings, Inc. Quote Duolingo, Inc. DUOL: This operator of mobile learning platform is currently reaping the benefits of product improvements, cost discipline and creative marketing efforts. Nu Holdings Ltd. Price, Consensus and EPS Surprise Nu Holdings Ltd. price-consensus-eps-surprise-chart | Nu Holdings Ltd. Quote Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
|
881182f2-4a8d-4cbd-9400-9614981fde0d
|
711241.0
|
2023-12-16 00:00:00 UTC
|
3 Transportation Stocks Poised to Continue Solid Run in 2024
|
DCOMP
|
https://www.nasdaq.com/articles/3-transportation-stocks-poised-to-continue-solid-run-in-2024
|
nan
|
nan
|
The Zacks Transportation sector has been unfavorably affected by headwinds like increasing fuel costs and supply-chain woes. With oil prices moving north, fuel costs flared up significantly, hurting the bottom-line performance of transportation stocks. This is because fuel expenses represent one of the major input costs for transportation players.
Supply-chain woes have also resulted in elevated costs. Also, staff shortages led to multiple flight cancelations, affecting profitability.
Due to the above-mentioned headwinds, the sector has declined 16.5% year to date.
However, we would like to remind investors that despite the challenges, there are multiple reasons to continue investing in the transportation sector.
How Was 2023 for the Sector?
The transportation sector, being widely diversified in nature, includes airlines, railroads, package delivery companies, and truckers, to name a few. The record-breaking traffic during the Thanksgiving period has provided a much-needed boost to the airline stocks in the sector after a few tough months due to headwinds like high labor and fuel costs and a slowdown in domestic air travel demand.
Although economic activities picked up from the pandemic gloom, supply-chain disruptions continue to dent stocks in the services industry. Below-par freight rates are also hurting the industry’s prospects. Highlighting the weak freight demand, the Cass Freight Index for shipments declined 1.3% month on month in November. This measure has deteriorated sequentially in six of the 10 months reported so far this year, thus confirming the overall declining trend.
Online shopping continues to gain despite the reopening of the normal market. This continued strength in e-commerce demand bodes well for packaging companies in the sector. Due to increased demand, the financial health of transportation companies has improved this year. As a result, we have seen many companies in the space hiking dividends.
Dividend stocks are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty. Investors are always on the lookout for dividend stocks as these provide a steady source of income and a cushion against market uncertainty, as is the current scenario.
Driven by these tailwinds, stocks like Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB), SkyWest, Inc. SKYW and Teekay Tankers Ltd. TNK, have been impressive performers, gaining more than 15% year to date.
Image Source: Zacks Investment Research
3 Transportation Stocks Set to Fly High Next Year
Considering that these aforementioned favorable factors are likely to continue in 2024, we believe investing in the above-mentioned stocks is a prudent idea. Apart from the impressive year-to-date price performance, these stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a market capitalization of more than $1 billion. These stocks have also witnessed upward estimate revisions in the past 90 days. Additionally, these stocks also have a strong trailing four-quarter average earnings surprise history.
Wabtec: This Pittsburgh, PA-based company offers technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. Wabtec’s top-line performance continues to gain from solid growth across its Freight segment revenues. Segmental growth was backed by strength across all product lines, with solid growth in Equipment, Digital Electronics and Services. Further, improved guidance for 2023 looks encouraging and raises optimism about this stock. For 2023, it now expects sales of $9.50-$9.70 billion (prior view: $9.25-$9.50 billion). Adjusted earnings per share are now estimated to be between $5.80 and $6.00 (prior view: $5.50 and $5.80). Management still anticipates strong cash flow generation, with operating cash flow conversion exceeding 90%.
WAB has an expected earnings growth rate of 10.64% for 2024. The Zacks Consensus Estimate for WAB’s 2024 earnings has improved 4.1% over the past 90 days. WAB delivered a trailing four-quarter earnings surprise of 7.11%, on average. WAB has a market capitalization of $21.88 billion and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
SkyWest: This St. George, UT-based company operates a regional airline in the United States. SkyWest's fleet-modernization efforts are commendable. In third-quarter 2023, SKYW inked a deal with United Airlines for 19 new E175 jets under contract. SKYW anticipates to take delivery of 23 new E175 aircraft starting the first quarter of 2024 through 2026. By 2026-end, SkyWest is likely to operate a total of 258 E175 aircraft. We are impressed by SKYW's efforts to reward its shareholders through buybacks. To this end, SKYW has repurchased 9.6 million shares in the first nine months of 2023. As of Sep 30, 2023, SkyWest had $136 million available under its current share repurchase program.
SKYW has an expected earnings growth rate of more than 100% for 2024. The Zacks Consensus Estimate for SKYW’s 2024 earnings has improved 33.1% over the past 90 days. SKYW delivered a trailing four-quarter earnings surprise of 32.57%, on average. SKYW has a market capitalization of $2.02 billion and carries a Zacks Rank #2.
Teekay Tankers: Headquartered in Hamilton, Bermuda, Teekay Tankers offers marine transportation services to oil industries in Bermuda and internationally. TNK is gaining from the resumption of economic activities and the uptick in world trade. This is because the shipping industry is responsible for transporting several goods involved in world trade.
Teekay presently carries a Zacks Rank #2 and has a market capitalization of $1.71 billion. The Zacks Consensus Estimate for TNK’s 2024 earnings has moved up 3% in the past 90 days. TNK has a trailing four-quarter earnings surprise of 14.12%, on average.
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
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The transportation sector, being widely diversified in nature, includes airlines, railroads, package delivery companies, and truckers, to name a few. The record-breaking traffic during the Thanksgiving period has provided a much-needed boost to the airline stocks in the sector after a few tough months due to headwinds like high labor and fuel costs and a slowdown in domestic air travel demand. Wabtec: This Pittsburgh, PA-based company offers technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide.
|
Driven by these tailwinds, stocks like Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB), SkyWest, Inc. SKYW and Teekay Tankers Ltd. TNK, have been impressive performers, gaining more than 15% year to date. Teekay Tankers: Headquartered in Hamilton, Bermuda, Teekay Tankers offers marine transportation services to oil industries in Bermuda and internationally. Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Driven by these tailwinds, stocks like Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB), SkyWest, Inc. SKYW and Teekay Tankers Ltd. TNK, have been impressive performers, gaining more than 15% year to date. Image Source: Zacks Investment Research 3 Transportation Stocks Set to Fly High Next Year Considering that these aforementioned favorable factors are likely to continue in 2024, we believe investing in the above-mentioned stocks is a prudent idea. Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Zacks Transportation sector has been unfavorably affected by headwinds like increasing fuel costs and supply-chain woes. Apart from the impressive year-to-date price performance, these stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a market capitalization of more than $1 billion. Wabtec’s top-line performance continues to gain from solid growth across its Freight segment revenues.
|
2ecc8ac4-da59-4821-8f6f-da94415b7206
|
711242.0
|
2023-12-16 00:00:00 UTC
|
3 Reasons Why Growth Investors Shouldn't Overlook CBOE (CBOE)
|
DCOMP
|
https://www.nasdaq.com/articles/3-reasons-why-growth-investors-shouldnt-overlook-cboe-cboe-0
|
nan
|
nan
|
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
CBOE Global (CBOE) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this holding company for the Chicago Board Options Exchange a great growth pick right now.
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for CBOE is 10.2%, investors should actually focus on the projected growth. The company's EPS is expected to grow 9.7% this year, crushing the industry average, which calls for EPS growth of 7.6%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for CBOE is 67.4%, which is higher than many of its peers. In fact, the rate compares to the industry average of 2.1%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 19.4% over the past 3-5 years versus the industry average of 12.2%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for CBOE. The Zacks Consensus Estimate for the current year has surged 0.3% over the past month.
Bottom Line
CBOE has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions CBOE well for outperformance, so growth investors may want to bet on it.
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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Here are three of the most important factors that make the stock of this holding company for the Chicago Board Options Exchange a great growth pick right now. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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%.
|
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Click to get this free report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Cash Flow Growth While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies.
|
CBOE Global (CBOE) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank. The company's annualized cash flow growth rate has been 19.4% over the past 3-5 years versus the industry average of 12.2%.
|
0e66d5ee-a424-45e2-af08-68a488ddb2a0
|
711243.0
|
2023-12-16 00:00:00 UTC
|
Is Wingstop (WING) a Solid Growth Stock? 3 Reasons to Think "Yes"
|
DCOMP
|
https://www.nasdaq.com/articles/is-wingstop-wing-a-solid-growth-stock-3-reasons-to-think-yes-0
|
nan
|
nan
|
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Wingstop (WING) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this restaurant chain is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Wingstop is 27.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 29.7% this year, crushing the industry average, which calls for EPS growth of 17.9%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Wingstop is 37.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 3.7%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 21.7% over the past 3-5 years versus the industry average of 5.3%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Wingstop have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.4% over the past month.
Bottom Line
Wingstop has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Wingstop well for outperformance, so growth investors may want to bet on it.
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
Wingstop Inc. (WING) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company's annualized cash flow growth rate has been 21.7% over the past 3-5 years versus the industry average of 5.3%. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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%.
|
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Click to get this free report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this restaurant chain is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
|
The company not only has a favorable Growth Score, but also carries a top Zacks Rank. The company's annualized cash flow growth rate has been 21.7% over the past 3-5 years versus the industry average of 5.3%. Bottom Line Wingstop has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
|
a99d7ee8-4d74-496e-b59f-3bd9e9935cda
|
711244.0
|
2023-12-16 00:00:00 UTC
|
Here is Why Growth Investors Should Buy ITT (ITT) Now
|
DCOMP
|
https://www.nasdaq.com/articles/here-is-why-growth-investors-should-buy-itt-itt-now
|
nan
|
nan
|
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
ITT (ITT) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this supplier of parts and services to a wide variety of industries is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for ITT is 8.6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.1% this year, crushing the industry average, which calls for EPS growth of -0.3%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, ITT has an S/TA ratio of 0.85, which means that the company gets $0.85 in sales for each dollar in assets. Comparing this to the industry average of 0.74, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And ITT looks attractive from a sales growth perspective as well. The company's sales are expected to grow 9.3% this year versus the industry average of 0%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for ITT have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.4% over the past month.
Bottom Line
While the overall earnings estimate revisions have made ITT a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions ITT well for outperformance, so growth investors may want to bet on it.
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
ITT Inc. (ITT) : 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 fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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%.
|
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Impressive Asset Utilization Ratio Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. Bottom Line While the overall earnings estimate revisions have made ITT a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
|
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this supplier of parts and services to a wide variety of industries is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. Bottom Line While the overall earnings estimate revisions have made ITT a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
|
ITT (ITT) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank. This combination positions ITT well for outperformance, so growth investors may want to bet on it.
|
e723ae49-7d44-4df9-a45d-78ccbbe14032
|
711245.0
|
2023-12-16 00:00:00 UTC
|
Looking for a Growth Stock? 3 Reasons Why Photronics (PLAB) is a Solid Choice
|
DCOMP
|
https://www.nasdaq.com/articles/looking-for-a-growth-stock-3-reasons-why-photronics-plab-is-a-solid-choice
|
nan
|
nan
|
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends Photronics (PLAB) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this electronics imaging company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Photronics is 44.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 27.5% this year, crushing the industry average, which calls for EPS growth of 13.2%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Photronics is 3.9%, which is higher than many of its peers. In fact, the rate compares to the industry average of -4.4%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 14.8% over the past 3-5 years versus the industry average of 8.4%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Photronics have been revising upward. The Zacks Consensus Estimate for the current year has surged 15.6% over the past month.
Bottom Line
Photronics has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Photronics is a potential outperformer and a solid choice for growth investors.
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
Photronics, Inc. (PLAB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company's annualized cash flow growth rate has been 14.8% over the past 3-5 years versus the industry average of 8.4%. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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%.
|
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Click to get this free report Photronics, Inc. (PLAB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this electronics imaging company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors.
|
This company not only has a favorable Growth Score, but also carries a top Zacks Rank. While the historical EPS growth rate for Photronics is 44.9%, investors should actually focus on the projected growth. The company's annualized cash flow growth rate has been 14.8% over the past 3-5 years versus the industry average of 8.4%.
|
5baebb1f-4ffa-4107-af69-36e061e8591b
|
711246.0
|
2023-12-16 00:00:00 UTC
|
49.1% of Warren Buffett's $373 Billion Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks
|
DCOMP
|
https://www.nasdaq.com/articles/49.1-of-warren-buffetts-%24373-billion-portfolio-is-invested-in-3-artificial-intelligence-ai
|
nan
|
nan
|
Warren Buffett has led the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) for more than 50 years. Between 1965 (when he took control of Berkshire) and 2022, the shares delivered a whopping 3,787,464% gain.
That translates to a 19.8% compound annual return, which is about twice the return of the benchmark S&P 500 index. It could have turned an investment of just $100 in 1965 into more than $3.7 million today. By comparison, the same investment in the S&P 500 at that time would have grown to just $24,700.
Buffett has a simple, but effective strategy
The simplest investment strategies are often the best. Buffett likes to buy stakes in profitable companies that are delivering steady growth, especially if they have strong management teams. He also favors companies returning money to shareholders through dividends and stock buybacks.
He combines those attributes with a long time horizon, which allows the effects of compound growth to build his portfolio's value.
Buffett certainly doesn't chase the lateststock market trends even those as strong as artificial intelligence (AI), which whipped investors into a frenzy throughout 2023. That said, Berkshire does own several AI stocks, even if AI isn't the reason Buffett and his team originally purchased them.
Investors might be surprised to know the following three AI stocks account for a whopping 49.1% of Berkshire's $373 billion portfolio of publicly traded stocks.
Image source: The Motley Fool.
1. Snowflake: 0.3% of Berkshire Hathaway's portfolio
Snowflake (NYSE: SNOW) is a leading provider of cloud computing services to businesses. It only represents 0.3% of Berkshire's portfolio, but it's quickly becoming one of the most direct AI plays owned by the investment company.
Snowflake's Data Cloud was revolutionary when it launched in 2018. It helps large, complex organizations aggregate their data from different cloud providers so it's all in one place for maximum visibility. From there, companies can use powerful analytics tools to draw valuable insights from the data.
Snowflake recently launched Cortex, a brand new platform featuring AI tools to complement its cloud services. It Document AI service uses a large language model to help businesses extract valuable insights from data in unstructured formats like contracts or invoices. Then there is Universal Search, which allows users to find critical information within Snowflake using natural language instead of programming language, so even non-technical employees can draw value from their organization's data.
Cortex also includes a generative AI-powered chatbot called Snowflake Copilot, which serves as a virtual assistant. It's capable of turning text-based prompts into computer code, which can rapidly speed up software development.
Snowflake continues to expand its workforce, with its research and development department growing the fastest. That bodes well for future product releases on the AI front, which will create new opportunities to generate revenue. The company expects to bring in $2.6 billion for its fiscal 2024 (which ends Jan. 31), but it isn't profitable, nor does it pay a dividend.
Berkshire's decision to invest in Snowflake stock was likely made by a portfolio manager rather than by Buffett himself. Nonetheless, it's shaping up to be a great long-term AI play.
2. Amazon: 0.4% of Berkshire Hathaway's portfolio
Amazon (NASDAQ: AMZN) is one of the most diverse technology companies in the world, with dominant positions in industries like e-commerce, cloud computing, streaming, and digital advertising. Now, it's quickly becoming one of the most diverse opportunities in AI.
Amazon is focused on delivering the widest possible range of AI products and services to businesses through its cloud computing arm, Amazon Web Services (AWS). The company has already launched its own data center chips, Trainium and Inferentia, which are designed to compete with Nvidia's industry-leading hardware. Plus, AWS offers businesses a growing number of large language models to accelerate the development of AI applications.
In fact, Amazon recently made a $4 billion investment into leading AI start-up Anthropic. As part of the deal, AWS will be Anthropic's primary cloud provider, and Anthropic will train its future models on Amazon's chips. Plus, Anthropic will make those models available to AWS customers, which will help differentiate the cloud platform from its competitors.
The cloud might be Amazon's most lucrative AI opportunity, but it isn't its only one. The company uses an AI recommendation engine on Amazon.com to show customers products they are most likely to buy. It also uses AI on its Prime streaming service during top broadcasts like the NFL's Thursday Night Football; it ingests millions of data points from each game to display key statistics that keep viewers informed at the highest possible level.
Berkshire Hathaway purchased Amazon stock in 2019, and its position is relatively small. But Amazon is on track to generate $523 billion in revenue in 2023, which is even more than Apple (NASDAQ: AAPL), the largest company in the world. Given Amazon's growing exposure to AI, Berkshire might wish it owned more of the stock when it looks back in a few years.
3. Apple: 48.4% of Berkshire Hathaway's portfolio
Apple is worth over $3 trillion, making it the most valuable company in the world. Berkshire started betting on the company in 2016, and it has since plowed about $35 billion into the stock. Its position is worth $181 billion as of this writing, so it accounts for a whopping 48.4% of Berkshire's stock portfolio.
That isn't surprising because Apple has all the attributes Buffett loves. Its chief executive officer, Tim Cook, has led the company to consistent growth and monster profits since he took the job in 2011. Plus, Apple returns enormous amounts of that money to shareholders, including $15 billion in dividends and $77.5 billion in stock buybacks during its fiscal 2023 (which ended Sept. 30) alone.
Consumers and investors know Apple best for hardware like the iPhone, iPad, and Mac personal computers. But the company subtly uses AI throughout all of them. AI powers the autocorrect feature on all Apple keyboards, and the Siri voice assistant. Apple Music also relies on AI to learn what listeners like, so it can feed them more of that content to keep them engaged.
Plus, the Apple-designed A17 Pro chip inside the new iPhone 15 lineup can power those AI workloads on-device faster than ever. As more smartphone features use AI, putting next-generation chips in those devices can reduce their dependence on external data centers for computing power, which leads to a faster, more seamless experience for the user.
Speculation also is swirling that Apple is pumping millions of dollars per day into AI units across the company -- units that are building everything from conversational AI models to generative AI applications, capable of crafting text, images, and videos. Reports suggest one such application, Ajax GPT, outperforms OpenAI's GPT 3.5 model -- the original technology that powered ChatGPT.
That suggests Apple is rapidly catching up to some of the leading developers in the AI industry, which could lead to powerful new features for its products in the coming years. Buffett and his team might look like rock stars if Apple becomes a real player in AI, given Berkshire's gigantic position in the stock.
Should you invest $1,000 in Snowflake right now?
Before you buy stock in Snowflake, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Apple, Berkshire Hathaway, Nvidia, and Snowflake. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It Document AI service uses a large language model to help businesses extract valuable insights from data in unstructured formats like contracts or invoices. It also uses AI on its Prime streaming service during top broadcasts like the NFL's Thursday Night Football; it ingests millions of data points from each game to display key statistics that keep viewers informed at the highest possible level. As more smartphone features use AI, putting next-generation chips in those devices can reduce their dependence on external data centers for computing power, which leads to a faster, more seamless experience for the user.
|
Snowflake: 0.3% of Berkshire Hathaway's portfolio Snowflake (NYSE: SNOW) is a leading provider of cloud computing services to businesses. Speculation also is swirling that Apple is pumping millions of dollars per day into AI units across the company -- units that are building everything from conversational AI models to generative AI applications, capable of crafting text, images, and videos. The Motley Fool has positions in and recommends Amazon, Apple, Berkshire Hathaway, Nvidia, and Snowflake.
|
That said, Berkshire does own several AI stocks, even if AI isn't the reason Buffett and his team originally purchased them. Speculation also is swirling that Apple is pumping millions of dollars per day into AI units across the company -- units that are building everything from conversational AI models to generative AI applications, capable of crafting text, images, and videos. Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them.
|
Should you invest $1,000 in Snowflake right now? Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them. The Motley Fool has positions in and recommends Amazon, Apple, Berkshire Hathaway, Nvidia, and Snowflake.
|
33cd6733-57f1-4f7f-a476-d23da8968c60
|
711247.0
|
2023-12-15 00:00:00 UTC
|
US STOCKS-Wall St inches up as oil stocks jump; US Steel soars on buyout deal
|
DCOMP
|
https://www.nasdaq.com/articles/us-stocks-wall-st-inches-up-as-oil-stocks-jump-us-steel-soars-on-buyout-deal
|
nan
|
nan
|
By Sruthi Shankar and Johann M Cherian
Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks gaining after mounting attacks in the Red Sea lifted crude prices, while shares of U.S. Steel rocketed after a $14.9 billion buyout deal.
The main Wall Street indexes are looking to end 2023 on a high note as signs of slowing inflation boosted expectations that the U.S. central bank will soon ease its monetary policy.
The blue-chip Dow hit an all-time high for the fourth consecutive session, while the benchmark S&P 500 is nearly 1% away from its highest closing level it hit in January 2022.
Oil majors Chevron CVX.Nclimbed 0.8% and Exxon Mobil XOM.Nadded 1.7% as crude prices LCOc1, CLc1 rallied nearly 3% as mounting attacks by the Yemeni Houthis on ships in the Red Sea disrupted maritime trade and raised concern of supply disruption. O/R
The S&P 500 energy sub-index .SPNYclimbed 1.5%, and was among top-gainers among the 11 major S&P sectors, but is still the only major sector on course for losses quarter-to-date, down nearly 7%.
"Commodities in general have sold off a good bit this year, which has helped the CPI number continue to move down," said Alex McGrath, CIO a for NorthEnd Private Wealth.
"But if you get a sustained rise in energy prices, it just keeps that CPI number stickier than the Fed would want it to be, and that could put (interest rate) cuts down the road further away."
Meanwhile, United States SteelX.N surged 27.1% to an over 12-year high after Japan's Nippon Steel 5401.T said it would buy the steelmaker in a $14.9 billion deal including debt.
Later in the week, investors will focus on economic data including the personal consumption expenditure index (PCE) - the Fed's preferred inflation gauge - weekly jobless claims, housing starts and the final reading of the third-quarter GDP report to gauge the path of U.S. interest rates.
Traders are currently pricing in a 70% chance that the Fed will cut interest rates at least by 25 basis points in March, according to CME Group's FedWatch tool, even as top Fed policymakers pushed back on the ebullience.
Chicago Fed President Austan Goolsbee said the U.S. central bank is not precommiting to cutting interest rates soon and swiftly.
Goldman Sachs raised its forecast for the S&P 500, which it now sees ending 2024 at 5,100, while decelerating inflation and Fed easing would keep real yields low.
Among other stocks, AppleAAPL.Oslipped 1.4% after more Chinese agencies and state-backed companies asked their staff to not bring iPhones and other foreign devices to work, a report said.
VF CorpVFC.Ntumbled 7.5% after the Vans sneaker maker said it was investigating "unauthorized" activity on its computer systems, an incident that was likely to have a material impact on its business.
Advancing issues outnumbered decliners by a 1.15-to-1 ratio on the NYSE and for a 1.10-to-1 ratio on the Nasdaq.
(Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The main Wall Street indexes are looking to end 2023 on a high note as signs of slowing inflation boosted expectations that the U.S. central bank will soon ease its monetary policy. "Commodities in general have sold off a good bit this year, which has helped the CPI number continue to move down," said Alex McGrath, CIO a for NorthEnd Private Wealth. Meanwhile, United States SteelX.N surged 27.1% to an over 12-year high after Japan's Nippon Steel 5401.T said it would buy the steelmaker in a $14.9 billion deal including debt.
|
By Sruthi Shankar and Johann M Cherian Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks gaining after mounting attacks in the Red Sea lifted crude prices, while shares of U.S. Steel rocketed after a $14.9 billion buyout deal. Later in the week, investors will focus on economic data including the personal consumption expenditure index (PCE) - the Fed's preferred inflation gauge - weekly jobless claims, housing starts and the final reading of the third-quarter GDP report to gauge the path of U.S. interest rates. Traders are currently pricing in a 70% chance that the Fed will cut interest rates at least by 25 basis points in March, according to CME Group's FedWatch tool, even as top Fed policymakers pushed back on the ebullience.
|
By Sruthi Shankar and Johann M Cherian Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks gaining after mounting attacks in the Red Sea lifted crude prices, while shares of U.S. Steel rocketed after a $14.9 billion buyout deal. Later in the week, investors will focus on economic data including the personal consumption expenditure index (PCE) - the Fed's preferred inflation gauge - weekly jobless claims, housing starts and the final reading of the third-quarter GDP report to gauge the path of U.S. interest rates. Traders are currently pricing in a 70% chance that the Fed will cut interest rates at least by 25 basis points in March, according to CME Group's FedWatch tool, even as top Fed policymakers pushed back on the ebullience.
|
By Sruthi Shankar and Johann M Cherian Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks gaining after mounting attacks in the Red Sea lifted crude prices, while shares of U.S. Steel rocketed after a $14.9 billion buyout deal. "But if you get a sustained rise in energy prices, it just keeps that CPI number stickier than the Fed would want it to be, and that could put (interest rate) cuts down the road further away." Chicago Fed President Austan Goolsbee said the U.S. central bank is not precommiting to cutting interest rates soon and swiftly.
|
32e7176d-cebd-4a18-9fb3-fdbffcaa97b8
|
711248.0
|
2023-12-15 00:00:00 UTC
|
Bitcoin Miner ETF Tops in 2023: 5 Best Stocks
|
DCOMP
|
https://www.nasdaq.com/articles/bitcoin-miner-etf-tops-in-2023%3A-5-best-stocks
|
nan
|
nan
|
Valkyrie Bitcoin Miners ETF WGMI, which provides exposure to the bitcoin mining industry, has gained about 235.6%, becoming the top-performing ETF of 2023.
Although most of the stocks in WGMI’s portfolio delivered strong returns this year, a few have quadrupled. These include Bitfarms Ltd. BITF, Marathon Digital Holdings MARA, Bit Digital BTBT, CleanSpark Inc. CLSK and Iris Energy IREN.
Bitcoin has exhibited a remarkable performance, marking a significant year for cryptocurrency. The world's largest cryptocurrency started 2023 just above $US16,000 and climbed to a 12-month high of $45,000 in early December. In fact, bitcoin's performance in 2023 has outpaced other assets like global stocks and gold. The derivative market has also seen significant interest, with record levels of open interest in Bitcoin futures and options (read: Bitcoin Reaches $42,000: 5 ETFs More Than Double in 2023).
A few key factors sparked the astounding surge:
Imminent Regulatory Approval for Bitcoin ETFs: The crypto industry is keenly awaiting the SEC's decision on applications for the first U.S. spot Bitcoin ETFs, with firms like BlackRock Inc. at the forefront. Bloomberg Intelligence suggests that a series of these products could receive approval by January 2024. Such a development would not only legitimize Bitcoin in the eyes of mainstream investors but also provide a more accessible avenue for investment, thereby potentially attracting a fresh influx of capital into the crypto market.
Fed Rate Cut Bets: Investors’ expectation that the Fed will soon pause its interest-rate hikes has made cryptocurrencies stand out this year. The Fed has indicated a possible end to its rate-hiking cycle, with expectations of lower borrowing costs in 2024. In the latest meeting last week, the central bank penciled in three rate cuts for 2024 that will likely serve as a “positive boost” for cryptocurrencies and crypto stocks (read: Sector ETFs to Benefit From Fed Rate Cut Talks).
Bitcoin Halving: It is a pre-coded event in the Bitcoin protocol that happens every 210,000 blocks — roughly every four years. The process reduces the reward miners receive for validating blockchain transactions, thus controlling the issuance of new Bitcoin and maintaining its scarcity. The next Bitcoin halving is expected in April 2024, which will slow down the rate of new Bitcoin creation and will contribute to Bitcoin's scarcity and potential price increase.
The Collapse of Silicon Valley Bank: The banking chaos has proven to be the most significant advantage for Bitcoin. This is especially true as the failure of Silicon Valley Bank sparked worries over financial stability across the globe, raising the demand for Bitcoin. The crypto is often viewed as a reliable store of value amid market turmoil.
Launch of a New Crypto Exchange: The launch of EDX Markets, a new digital asset exchange backed by major Wall Street players such as Fidelity, Charles Schwab and Citadel Securities, probably contributed to the sentiment that the infrastructure and acceptance of digital assets were improving, thus sparking more interest in Bitcoin.
The combination of factors has rekindled interest in the crypto market, signaling positive sentiment among retail and institutional investors. With expectations of interest rate cuts and greater demand from ETFs, most traders anticipate the rally to continue in 2024.
Let’s take a closer look at the fundamentals of WGMI.
WGMI in Focus
Valkyrie Bitcoin Miners ETF is an actively managed ETF that invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenues or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Valkyrie Bitcoin Miners ETF holds 22 stocks in its basket with a double-digit concentration on the top five firms.
Valkyrie Bitcoin Miners ETF has amassed $36.8 million in its asset base while trading in an average daily volume of 223,000 shares. It charges 75 bps in annual fees (read: 5 Best-Performing Technology ETFs of 2023).
Best-Performing Stocks of WGMI
Bitfarms is a Bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and company-owned electrical engineering and installation services to deliver operational performance and uptime. The stock has skyrocketed 575% this year and accounts for an 8.2% share in WGMI.
Bitfarms earnings are expected to decline 4.8% in 2024. It has a Zacks Rank #3 (Hold) and a Growth Score of B.
Marathon Digital is a digital asset technology company that mines cryptocurrencies. It is focused on the blockchain ecosystem and the generation of digital assets. The stock has jumped 435% and accounts for a 13.5% share in the ETF.
Marathon Digital has an estimated earnings growth rate of 133.3% for the next year and carries a Zacks Rank #3.
Bit Digital is an emerging bitcoin mining company. It has an estimated earnings growth rate of 28.6% for next year (read: Bitcoin Up Triple-Digits This Year: ETFs in Focus).
Bit Digital jumped about 433.3% this year and makes up for a 4.4% share in the WGMI basket. The stock has a Zacks Rank #3 and a Growth Score of A.
CleanSpark is engaged in the mining of cryptocurrencies. It has rallied 421.5% this year and makes up for 16.5% in ETF.
CleanSpark has an estimated earnings growth rate of 24% for the fiscal year ending September 2024 and a Zacks Rank #3.
Iris Energy is a Bitcoin mining company that builds, owns and operates data center infrastructure with a focus on entry into regions where it can access abundant and/or under-utilized renewable energy to power its operations. The stock has surged 380.8% this year and accounts for a 10.1% share in the WGMI basket.
Iris Energy has an estimated earnings growth rate of 97.8% for the fiscal year ending June 2024 and a Zacks Rank #3.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
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
Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report
Cleanspark, Inc. (CLSK) : Free Stock Analysis Report
Bit Digital, Inc. (BTBT) : Free Stock Analysis Report
Bitfarms Ltd. (BITF) : Free Stock Analysis Report
Iris Energy Limited (IREN) : Free Stock Analysis Report
Valkyrie Bitcoin Miners ETF (WGMI): 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.
|
Such a development would not only legitimize Bitcoin in the eyes of mainstream investors but also provide a more accessible avenue for investment, thereby potentially attracting a fresh influx of capital into the crypto market. The process reduces the reward miners receive for validating blockchain transactions, thus controlling the issuance of new Bitcoin and maintaining its scarcity. Valkyrie Bitcoin Miners ETF has amassed $36.8 million in its asset base while trading in an average daily volume of 223,000 shares.
|
These include Bitfarms Ltd. BITF, Marathon Digital Holdings MARA, Bit Digital BTBT, CleanSpark Inc. CLSK and Iris Energy IREN. Iris Energy has an estimated earnings growth rate of 97.8% for the fiscal year ending June 2024 and a Zacks Rank #3. Click to get this free report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Cleanspark, Inc. (CLSK) : Free Stock Analysis Report Bit Digital, Inc. (BTBT) : Free Stock Analysis Report Bitfarms Ltd. (BITF) : Free Stock Analysis Report Iris Energy Limited (IREN) : Free Stock Analysis Report Valkyrie Bitcoin Miners ETF (WGMI): ETF Research Reports To read this article on Zacks.com click here.
|
Valkyrie Bitcoin Miners ETF WGMI, which provides exposure to the bitcoin mining industry, has gained about 235.6%, becoming the top-performing ETF of 2023. WGMI in Focus Valkyrie Bitcoin Miners ETF is an actively managed ETF that invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenues or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Click to get this free report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Cleanspark, Inc. (CLSK) : Free Stock Analysis Report Bit Digital, Inc. (BTBT) : Free Stock Analysis Report Bitfarms Ltd. (BITF) : Free Stock Analysis Report Iris Energy Limited (IREN) : Free Stock Analysis Report Valkyrie Bitcoin Miners ETF (WGMI): ETF Research Reports To read this article on Zacks.com click here.
|
WGMI in Focus Valkyrie Bitcoin Miners ETF is an actively managed ETF that invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenues or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Best-Performing Stocks of WGMI Bitfarms is a Bitcoin mining company. It has an estimated earnings growth rate of 28.6% for next year (read: Bitcoin Up Triple-Digits This Year: ETFs in Focus).
|
1c4b0c0d-4cf4-4ec4-95c2-1d77e37f3998
|
711249.0
|
2023-12-15 00:00:00 UTC
|
Monday's ETF Movers: XME, GXC
|
DCOMP
|
https://www.nasdaq.com/articles/mondays-etf-movers%3A-xme-gxc
|
nan
|
nan
|
In trading on Monday, the SPDR S&P Metals & Mining ETF is outperforming other ETFs, up about 2.7% on the day. Components of that ETF showing particular strength include shares of United States Steel, up about 27.4% and shares of Cleveland-cliffs, up about 10.7% on the day.
And underperforming other ETFs today is the SPDR S&P China ETF, down about 3.6% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Structure Therapeutics, lower by about 47.4%, and shares of Gaotu Techedu, lower by about 19.9% on the day.
VIDEO: Monday's ETF Movers: XME, GXC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Components of that ETF showing particular strength include shares of United States Steel, up about 27.4% and shares of Cleveland-cliffs, up about 10.7% on the day. Among components of that ETF with the weakest showing on Monday were shares of Structure Therapeutics, lower by about 47.4%, and shares of Gaotu Techedu, lower by about 19.9% on the day. VIDEO: Monday's ETF Movers: XME, GXC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, the SPDR S&P Metals & Mining ETF is outperforming other ETFs, up about 2.7% on the day. Among components of that ETF with the weakest showing on Monday were shares of Structure Therapeutics, lower by about 47.4%, and shares of Gaotu Techedu, lower by about 19.9% on the day. VIDEO: Monday's ETF Movers: XME, GXC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, the SPDR S&P Metals & Mining ETF is outperforming other ETFs, up about 2.7% on the day. And underperforming other ETFs today is the SPDR S&P China ETF, down about 3.6% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Structure Therapeutics, lower by about 47.4%, and shares of Gaotu Techedu, lower by about 19.9% on the day.
|
In trading on Monday, the SPDR S&P Metals & Mining ETF is outperforming other ETFs, up about 2.7% on the day. Components of that ETF showing particular strength include shares of United States Steel, up about 27.4% and shares of Cleveland-cliffs, up about 10.7% on the day. And underperforming other ETFs today is the SPDR S&P China ETF, down about 3.6% in Monday afternoon trading.
|
f4992785-01f3-4880-a338-585cbe71b530
|
711250.0
|
2023-12-15 00:00:00 UTC
|
Daily Dividend Report: MPWR,MOS,STWD,HEI,RL
|
DCOMP
|
https://www.nasdaq.com/articles/daily-dividend-report%3A-mpwrmosstwdheirl
|
nan
|
nan
|
Monolithic Power Systems, a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its fourth quarter dividend of $1.00 per common share to all stockholders of record as of the close of business on December 29, 2023. The dividend will be paid on January 15, 2024.
Mosaic announced today that its Board of Directors declared a quarterly dividend of $0.21 per share on the Company's common stock. The dividend will be paid on March 21, 2024, to stockholders of record as of the close of business on March 7, 2024.
Starwood Property Trust today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending December 31, 2023. The dividend is payable on January 15, 2024 to stockholders of record as of December 29, 2023.
HEICO today announced that its Board of Directors declared a $0.10 per share cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The dividend is HEICO's 91st consecutive semi-annual cash dividend since 1979. The dividend is payable on January 19, 2024 to all shareholders of record on January 4, 2024.
Ralph Lauren announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on Ralph Lauren Corporation Common Stock. The dividend is payable on January 12, 2024 to shareholders of record at the close of business on December 29, 2023.
VIDEO: Daily Dividend Report: MPWR,MOS,STWD,HEI,RL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Monolithic Power Systems, a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its fourth quarter dividend of $1.00 per common share to all stockholders of record as of the close of business on December 29, 2023. Mosaic announced today that its Board of Directors declared a quarterly dividend of $0.21 per share on the Company's common stock. Starwood Property Trust today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending December 31, 2023.
|
Mosaic announced today that its Board of Directors declared a quarterly dividend of $0.21 per share on the Company's common stock. HEICO today announced that its Board of Directors declared a $0.10 per share cash dividend payable on all shares of its Class A Common Stock and its Common Stock. Ralph Lauren announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on Ralph Lauren Corporation Common Stock.
|
Monolithic Power Systems, a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its fourth quarter dividend of $1.00 per common share to all stockholders of record as of the close of business on December 29, 2023. Starwood Property Trust today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending December 31, 2023. HEICO today announced that its Board of Directors declared a $0.10 per share cash dividend payable on all shares of its Class A Common Stock and its Common Stock.
|
Monolithic Power Systems, a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its fourth quarter dividend of $1.00 per common share to all stockholders of record as of the close of business on December 29, 2023. The dividend is payable on January 15, 2024 to stockholders of record as of December 29, 2023. HEICO today announced that its Board of Directors declared a $0.10 per share cash dividend payable on all shares of its Class A Common Stock and its Common Stock.
|
6f806dd6-5c6c-424f-b7ed-4702aab23b95
|
711251.0
|
2023-12-15 00:00:00 UTC
|
Immunocore Holdings PLC Sponsored ADR (IMCR) Upgraded to Buy: Here's What You Should Know
|
DCOMP
|
https://www.nasdaq.com/articles/immunocore-holdings-plc-sponsored-adr-imcr-upgraded-to-buy%3A-heres-what-you-should-know
|
nan
|
nan
|
Immunocore Holdings PLC Sponsored ADR (IMCR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Immunocore Holdings PLC Sponsored ADR is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Immunocore Holdings PLC Sponsored ADR, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Immunocore Holdings PLC Sponsored ADR
This company is expected to earn -$0.98 per share for the fiscal year ending December 2023, which represents a year-over-year change of 10.1%.
Analysts have been steadily raising their estimates for Immunocore Holdings PLC Sponsored ADR. Over the past three months, the Zacks Consensus Estimate for the company has increased 29.9%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Immunocore Holdings PLC Sponsored ADR to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher 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
Immunocore Holdings PLC Sponsored ADR (IMCR) : 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.
|
They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for Immunocore Holdings PLC Sponsored ADR is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. You can learn more about the Zacks Rank here >>> The upgrade of Immunocore Holdings PLC Sponsored ADR to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Immunocore Holdings PLC Sponsored ADR to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. You can learn more about the Zacks Rank here >>> The upgrade of Immunocore Holdings PLC Sponsored ADR to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
02c73da2-cd13-4dba-9e27-a2f6d1bb7e00
|
711252.0
|
2023-12-15 00:00:00 UTC
|
What Makes AvidXchange Holdings, Inc. (AVDX) a Strong Momentum Stock: Buy Now?
|
DCOMP
|
https://www.nasdaq.com/articles/what-makes-avidxchange-holdings-inc.-avdx-a-strong-momentum-stock%3A-buy-now
|
nan
|
nan
|
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at AvidXchange Holdings, Inc. (AVDX), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. AvidXchange Holdings, Inc. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for AVDX that show why this company shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For AVDX, shares are up 1.73% over the past week while the Zacks Internet - Software industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 21.49% compares favorably with the industry's 7.03% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of AvidXchange Holdings, Inc. Have risen 28.95%, and are up 24.71% in the last year. On the other hand, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also take note of AVDX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AVDX is averaging 2,227,781 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AVDX.
Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AVDX's consensus estimate, increasing from -$0.12 to $0.02 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that AVDX is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep AvidXchange Holdings, Inc. On your short list.
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
AvidXchange Holdings, Inc. (AVDX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. 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%.
|
Below, we take a look at AvidXchange Holdings, Inc. (AVDX), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Click to get this free report AvidXchange Holdings, Inc. (AVDX) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at AvidXchange Holdings, Inc. (AVDX), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
|
Below, we take a look at AvidXchange Holdings, Inc. (AVDX), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Investors should also take note of AVDX's average 20-day trading volume.
|
4b855217-b963-41e7-b745-eeb7d463ca88
|
711253.0
|
2023-12-15 00:00:00 UTC
|
Here's Why Dream Finders Homes Inc. (DFH) is a Great Momentum Stock to Buy
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-dream-finders-homes-inc.-dfh-is-a-great-momentum-stock-to-buy
|
nan
|
nan
|
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Dream Finders Homes Inc. (DFH), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Dream Finders Homes Inc. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if DFH is a promising momentum pick, let's examine some Momentum Style elements to see if this homebuilder holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For DFH, shares are up 11.61% over the past week while the Zacks Building Products - Home Builders industry is up 5.54% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 28.88% compares favorably with the industry's 15.82% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Dream Finders Homes Inc. Have increased 40.95% over the past quarter, and have gained 235.75% in the last year. On the other hand, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also take note of DFH's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, DFH is averaging 487,154 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with DFH.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DFH's consensus estimate, increasing from $2.29 to $2.51 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that DFH is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Dream Finders Homes Inc. On your short list.
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
Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. 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%.
|
Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Click to get this free report Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish.
|
Below, we take a look at Dream Finders Homes Inc. (DFH), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.
|
c2e67f69-d147-43f1-a137-bf0d3d0c874a
|
711254.0
|
2023-12-15 00:00:00 UTC
|
Adobe (ADBE) Upgraded to Buy: Here's Why
|
DCOMP
|
https://www.nasdaq.com/articles/adobe-adbe-upgraded-to-buy%3A-heres-why
|
nan
|
nan
|
Investors might want to bet on Adobe Systems (ADBE), as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Adobe is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Adobe, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Adobe
For the fiscal year ending November 2024, this software maker is expected to earn $18.05 per share, which is a change of 12.3% from the year-ago reported number.
Analysts have been steadily raising their estimates for Adobe. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.2%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Adobe to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher 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
Adobe Inc. (ADBE) : 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 these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Adobe to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Investors might want to bet on Adobe Systems (ADBE), as it has been recently upgraded to a Zacks Rank #2 (Buy). Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
4d0afb7d-b175-4a6e-9cfe-cf1789a00573
|
711255.0
|
2023-12-15 00:00:00 UTC
|
US natgas prices gain over 3% on higher demand, strong LNG exports
|
DCOMP
|
https://www.nasdaq.com/articles/us-natgas-prices-gain-over-3-on-higher-demand-strong-lng-exports
|
nan
|
nan
|
Dec 18 (Reuters) - U.S. natural gas futures climbed more than 3% on Monday, 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) were up 7.9 cents, or 3.2%, at $2.57 per million British thermal units (mmBtu) as of 10:29 a.m. EST, (1529 GMT).
"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.
Disruptions to Suez Canal traffic would have only a limited impact on LNG markets as they would not significantly reduce global availability, Goldman Sachs said in a note.
"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; Editing by Paul Simao)
((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.
|
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange (NYMEX) were up 7.9 cents, or 3.2%, at $2.57 per million British thermal units (mmBtu) as of 10:29 a.m. EST, (1529 GMT). Disruptions to Suez Canal traffic would have only a limited impact on LNG markets as they would not significantly reduce global availability, Goldman Sachs said in a note. "We note that no Suez-related LNG flow disruption has been reported at this point, to our knowledge, though today's announcement by BP that it will halt all of its shipments through the Red Sea suggests this is likely to happen to some degree."
|
Week ended Dec 15 Forecast Week ended Dec 8 Actual Year ago Dec 15 Five-year average Dec 15 U.S. weekly natgas storage change (bcf): -80 -55 -82 -107 U.S. total natgas in storage (bcf): 3,584 3,664 3,337 3,297 U.S. total storage versus 5-year average 8.7% 7.6% Global Gas Benchmark Futures ($ 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
|
Dec 18 (Reuters) - U.S. natural gas futures climbed more than 3% on Monday, 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.
|
9a4d77d9-28b2-4c6f-a049-8fc8f1ce7007
|
711256.0
|
2023-12-15 00:00:00 UTC
|
What Makes Zscaler (ZS) a Strong Momentum Stock: Buy Now?
|
DCOMP
|
https://www.nasdaq.com/articles/what-makes-zscaler-zs-a-strong-momentum-stock%3A-buy-now
|
nan
|
nan
|
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Zscaler (ZS), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Zscaler currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for ZS that show why this cloud-based information security provider shows promise as a solid momentum pick.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For ZS, shares are up 0.39% over the past week while the Zacks Internet - Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 18.24% compares favorably with the industry's 2.7% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Zscaler have risen 46.11%, and are up 94.08% in the last year. On the other hand, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also take note of ZS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, ZS is averaging 2,832,087 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with ZS.
Over the past two months, 13 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost ZS's consensus estimate, increasing from $2.23 to $2.47 in the past 60 days. Looking at the next fiscal year, 8 estimates have moved upwards while there have been 2 downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that ZS is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Zscaler on your short list.
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
Zscaler, Inc. (ZS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. 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%.
|
We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Over the past two months, 13 earnings estimates moved higher compared to none lower for the full year.
|
The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement.
|
Below, we take a look at Zscaler (ZS), which currently has a Momentum Style Score of A. Right now, ZS is averaging 2,832,087 shares for the last 20 days. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
fe6b534d-bd35-4513-a704-ab13509232b7
|
711257.0
|
2023-12-15 00:00:00 UTC
|
Monday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Refining & Marketing Stocks
|
DCOMP
|
https://www.nasdaq.com/articles/monday-sector-leaders%3A-non-precious-metals-non-metallic-mining-oil-gas-refining-marketing
|
nan
|
nan
|
In trading on Monday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of United States Steel, up about 26.7% and shares of Cleveland-Cliffs up about 10.2% on the day.
Also showing relative strength are oil & gas refining & marketing shares, up on the day by about 1.8% as a group, led by Par Pacific Holdings, trading up by about 4.9% and PBF Energy, trading higher by about 4.9% on Monday.
VIDEO: Monday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Refining & Marketing Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 2.9%. Also showing relative strength are oil & gas refining & marketing shares, up on the day by about 1.8% as a group, led by Par Pacific Holdings, trading up by about 4.9% and PBF Energy, trading higher by about 4.9% on Monday. VIDEO: Monday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Refining & Marketing Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 2.9%. Also showing relative strength are oil & gas refining & marketing shares, up on the day by about 1.8% as a group, led by Par Pacific Holdings, trading up by about 4.9% and PBF Energy, trading higher by about 4.9% on Monday. VIDEO: Monday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Refining & Marketing Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 2.9%. Also showing relative strength are oil & gas refining & marketing shares, up on the day by about 1.8% as a group, led by Par Pacific Holdings, trading up by about 4.9% and PBF Energy, trading higher by about 4.9% on Monday. VIDEO: Monday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Refining & Marketing Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of United States Steel, up about 26.7% and shares of Cleveland-Cliffs up about 10.2% on the day. Also showing relative strength are oil & gas refining & marketing shares, up on the day by about 1.8% as a group, led by Par Pacific Holdings, trading up by about 4.9% and PBF Energy, trading higher by about 4.9% on Monday.
|
a9382dd1-437f-43d8-944c-97d77638fa72
|
711258.0
|
2023-12-15 00:00:00 UTC
|
Design Therapeutics, Inc. (DSGN) Upgraded to Buy: Here's What You Should Know
|
DCOMP
|
https://www.nasdaq.com/articles/design-therapeutics-inc.-dsgn-upgraded-to-buy%3A-heres-what-you-should-know
|
nan
|
nan
|
Investors might want to bet on Design Therapeutics, Inc. (DSGN), as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Design Therapeutics, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Design Therapeutics, Inc. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Design Therapeutics, Inc.
This company is expected to earn -$1.30 per share for the fiscal year ending December 2023, which represents a year-over-year change of -14%.
Analysts have been steadily raising their estimates for Design Therapeutics, Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 17.3%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Design Therapeutics, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher 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
Design Therapeutics, Inc. (DSGN) : 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, the Zacks rating upgrade for Design Therapeutics, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Design Therapeutics, Inc. imply an improvement in the company's underlying business.
|
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. You can learn more about the Zacks Rank here >>> The upgrade of Design Therapeutics, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Design Therapeutics, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Earnings Estimate Revisions for Design Therapeutics, Inc. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
c8105937-be4a-42d1-982b-a4b38de840ad
|
711259.0
|
2023-12-15 00:00:00 UTC
|
What Makes Manitex (MNTX) a Strong Momentum Stock: Buy Now?
|
DCOMP
|
https://www.nasdaq.com/articles/what-makes-manitex-mntx-a-strong-momentum-stock%3A-buy-now
|
nan
|
nan
|
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Manitex (MNTX), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Manitex currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for MNTX that show why this maker of forklifts, cranes and other lifting vehicles shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For MNTX, shares are up 4.2% over the past week while the Zacks Manufacturing - General Industrial industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 22.4% compares favorably with the industry's 5.98% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Manitex have increased 64.52% over the past quarter, and have gained 92.21% in the last year. On the other hand, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also take note of MNTX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, MNTX is averaging 117,444 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with MNTX.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost MNTX's consensus estimate, increasing from $0.36 to $0.43 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that MNTX is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Manitex on your short list.
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
Manitex International, Inc. (MNTX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. 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%.
|
We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.
|
And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish.
|
Below, we take a look at Manitex (MNTX), which currently has a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.
|
c944aac7-c1d5-431a-a359-cd7d0770a9be
|
711260.0
|
2023-12-15 00:00:00 UTC
|
What Analyst Projections for Key Metrics Reveal About Cintas (CTAS) Q2 Earnings
|
DCOMP
|
https://www.nasdaq.com/articles/what-analyst-projections-for-key-metrics-reveal-about-cintas-ctas-q2-earnings
|
nan
|
nan
|
In its upcoming report, Cintas (CTAS) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting an increase of 11.5% compared to the same period last year. Revenues are forecasted to be $2.34 billion, representing a year-over-year increase of 7.4%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Cintas metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Uniform Rental and Facility Services' should arrive at $1.83 billion. The estimate suggests a change of +7.1% year over year.
The collective assessment of analysts points to an estimated 'Revenue- All Other' of $245.73 million. The estimate indicates a change of +7.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- First Aid and Safety Services' will likely reach $259.94 million. The estimate suggests a change of +10.2% year over year.
Analysts' assessment points toward 'Income before income taxes- Uniform Rental and Facility Services' reaching $399.09 million. The estimate is in contrast to the year-ago figure of $369.10 million.
Analysts forecast 'Income before income taxes- First Aid and Safety Services' to reach $53.97 million. Compared to the present estimate, the company reported $45.50 million in the same quarter last year.
According to the collective judgment of analysts, 'Income before income taxes- All Other' should come in at $32.79 million. The estimate compares to the year-ago value of $30.34 million.
View all Key Company Metrics for Cintas here>>>
Cintas shares have witnessed a change of +2% in the past month, in contrast to the Zacks S&P 500 composite's +5.2% move. With a Zacks Rank #3 (Hold), CTAS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks 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
Cintas Corporation (CTAS) : 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 its upcoming report, Cintas (CTAS) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting an increase of 11.5% compared to the same period last year. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
|
In its upcoming report, Cintas (CTAS) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting an increase of 11.5% compared to the same period last year. Analysts' assessment points toward 'Income before income taxes- Uniform Rental and Facility Services' reaching $399.09 million. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
|
In its upcoming report, Cintas (CTAS) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting an increase of 11.5% compared to the same period last year. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
|
In its upcoming report, Cintas (CTAS) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting an increase of 11.5% compared to the same period last year. The collective assessment of analysts points to an estimated 'Revenue- All Other' of $245.73 million. Compared to the present estimate, the company reported $45.50 million in the same quarter last year.
|
c4fcfede-3250-4090-8050-a6266865b9d6
|
711261.0
|
2023-12-15 00:00:00 UTC
|
Monday Sector Laggards: Rubber & Plastics, General Contractors & Builders
|
DCOMP
|
https://www.nasdaq.com/articles/monday-sector-laggards%3A-rubber-plastics-general-contractors-builders
|
nan
|
nan
|
In trading on Monday, rubber & plastics shares were relative laggards, down on the day by about 2.3%. Helping drag down the group were shares of PureCycle Technologies, down about 33.5% and shares of Lightwave Logic down about 5.7% on the day.
Also lagging the market Monday are general contractors & builders shares, down on the day by about 2% as a group, led down by Nuveen Insured California Premium Income Municipal Fund II, trading lower by about 10.9% and Hovnanian Enterprises, trading lower by about 2.7%.
VIDEO: Monday Sector Laggards: Rubber & Plastics, General Contractors & Builders
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, rubber & plastics shares were relative laggards, down on the day by about 2.3%. Also lagging the market Monday are general contractors & builders shares, down on the day by about 2% as a group, led down by Nuveen Insured California Premium Income Municipal Fund II, trading lower by about 10.9% and Hovnanian Enterprises, trading lower by about 2.7%. VIDEO: Monday Sector Laggards: Rubber & Plastics, General Contractors & Builders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, rubber & plastics shares were relative laggards, down on the day by about 2.3%. Also lagging the market Monday are general contractors & builders shares, down on the day by about 2% as a group, led down by Nuveen Insured California Premium Income Municipal Fund II, trading lower by about 10.9% and Hovnanian Enterprises, trading lower by about 2.7%. VIDEO: Monday Sector Laggards: Rubber & Plastics, General Contractors & Builders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, rubber & plastics shares were relative laggards, down on the day by about 2.3%. Also lagging the market Monday are general contractors & builders shares, down on the day by about 2% as a group, led down by Nuveen Insured California Premium Income Municipal Fund II, trading lower by about 10.9% and Hovnanian Enterprises, trading lower by about 2.7%. VIDEO: Monday Sector Laggards: Rubber & Plastics, General Contractors & Builders The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, rubber & plastics shares were relative laggards, down on the day by about 2.3%. Helping drag down the group were shares of PureCycle Technologies, down about 33.5% and shares of Lightwave Logic down about 5.7% on the day. Also lagging the market Monday are general contractors & builders shares, down on the day by about 2% as a group, led down by Nuveen Insured California Premium Income Municipal Fund II, trading lower by about 10.9% and Hovnanian Enterprises, trading lower by about 2.7%.
|
71b7da1b-a41b-43c3-938f-9adbedcd6c8f
|
711262.0
|
2023-12-15 00:00:00 UTC
|
All You Need to Know About Western New England Bancorp (WNEB) Rating Upgrade to Buy
|
DCOMP
|
https://www.nasdaq.com/articles/all-you-need-to-know-about-western-new-england-bancorp-wneb-rating-upgrade-to-buy
|
nan
|
nan
|
Western New England Bancorp (WNEB) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Western New England Bancorp basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Western New England Bancorp imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Western New England Bancorp
For the fiscal year ending December 2023, this bank holding company is expected to earn $0.72 per share, which is a change of -39% from the year-ago reported number.
Analysts have been steadily raising their estimates for Western New England Bancorp. Over the past three months, the Zacks Consensus Estimate for the company has increased 9.6%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Western New England Bancorp to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher 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
Western New England Bancorp (WNEB) : 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.
|
They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. Therefore, the Zacks rating upgrade for Western New England Bancorp basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. You can learn more about the Zacks Rank here >>> The upgrade of Western New England Bancorp to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Western New England Bancorp to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Earnings Estimate Revisions for Western New England Bancorp For the fiscal year ending December 2023, this bank holding company is expected to earn $0.72 per share, which is a change of -39% from the year-ago reported number.
|
b6cbb88e-b39f-4486-b409-a7bfff50a76d
|
711263.0
|
2023-12-15 00:00:00 UTC
|
Host Hotels (HST) Rewards Investors With an 11% Dividend Hike
|
DCOMP
|
https://www.nasdaq.com/articles/host-hotels-hst-rewards-investors-with-an-11-dividend-hike
|
nan
|
nan
|
Boosting shareholders’ wealth, Host Hotels & Resorts, Inc. HST recently announced an 11% hike in its cash dividend payment to 20 cents per share for the fourth quarter of 2023 from 18 cents paid out in the prior quarter. Additionally, the company announced a special dividend of 25 cents per share, bringing the total dividends declared for the year to 90 cents per share.
The increased dividend will be paid out on Jan 16, 2024, to shareholders of record as of Dec 29, 2023. With this latest hike, HST’s annual dividend yield now comes to 4.17% based on the company’s share price of $19.15 on Dec 15, 2023. It has increased its dividend eight times in the last five years, which is encouraging. Check out Host Hotels & Resorts’ dividend history here.
Solid dividend payouts are the biggest enticements for real estate investment trust (REIT) investors, and Host Hotels has remained committed to that. After a brief suspension of its dividend payments during the pandemic, the company reinstated its dividend payment and resorted to regular dividend hikes. Its latest dividend hike is now at par with the pre-pandemic payout level. This reaffirms shareholders’ confidence in the stock.
This lodging REIT owns a portfolio of luxury and upper-upscale hotels in the Sunbelt region and the top 20 U.S. markets. The improvement in group travel demand and business transient demand — led by the healthy demand from small and medium-sized businesses — have aided the company’s occupancy and revenue per available room (RevPAR) growth over the past few quarters.
In the third quarter of 2023, HST’s comparable hotel RevPAR was $201.32, climbing 1.8% from the year-ago quarter’s $197.76. The comparable average occupancy percentage in the quarter was 71.8%, up 150 basis points from the prior-year quarter.
Given HST’s well-located properties in markets with strong demand drivers, the company is likely to benefit from positive overall demand trends in the upcoming period.
Also, it follows an aggressive capital-recycling program that entails the non-strategic dispositions of assets and redeploying the proceeds for investments in better-yielding assets. This highlights its prudent capital-management practices and enables it to preserve balance sheet strength and capitalize on long-term growth opportunities.
The company maintains a healthy balance sheet position and had $2.6 billion of available liquidity as of Sep 30, 2023. It is the only company with an investment-grade rating among lodging REITs, enjoying ratings of Baa3 from Moody’s and BBB- from both Fitch and S&P Global as of the end of the third quarter of 2023. Additionally, it has no material maturities until April 2024. With a strong financial footing and ample flexibility, HST remains well-positioned to tide over any challenges and bank on growth scopes.
Hence, with improving operating trends, a lower dividend payout ratio compared with the industry and a robust financial position, we expect HST’s latest dividend payout to be sustainable over the long run.
Shares of this Zacks Rank #3 (Hold) company have gained 17.4% in the past three months compared with the industry’s growth of 10.7%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the REIT sector are Lamar Advertising LAMR, EastGroup Properties EGP and Stag Industrial STAG, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Lamar Advertising’s current-year FFO per share has been raised 1.7% over the past two months to $7.31.
The Zacks Consensus Estimate for EastGroup Properties’ 2023 FFO per share has moved marginally north in the past two months to $7.70.
The Zacks Consensus Estimate for Stag Industrial’s ongoing year’s FFO per share has been raised 1.3% upward over the past two months to $2.28.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
Zacks 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
Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report
Lamar Advertising Company (LAMR) : Free Stock Analysis Report
Stag Industrial, Inc. (STAG) : Free Stock Analysis Report
EastGroup Properties, Inc. (EGP) : 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.
|
Solid dividend payouts are the biggest enticements for real estate investment trust (REIT) investors, and Host Hotels has remained committed to that. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. 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%.
|
Boosting shareholders’ wealth, Host Hotels & Resorts, Inc. HST recently announced an 11% hike in its cash dividend payment to 20 cents per share for the fourth quarter of 2023 from 18 cents paid out in the prior quarter. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the REIT sector are Lamar Advertising LAMR, EastGroup Properties EGP and Stag Industrial STAG, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report Lamar Advertising Company (LAMR) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Boosting shareholders’ wealth, Host Hotels & Resorts, Inc. HST recently announced an 11% hike in its cash dividend payment to 20 cents per share for the fourth quarter of 2023 from 18 cents paid out in the prior quarter. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the REIT sector are Lamar Advertising LAMR, EastGroup Properties EGP and Stag Industrial STAG, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report Lamar Advertising Company (LAMR) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Additionally, the company announced a special dividend of 25 cents per share, bringing the total dividends declared for the year to 90 cents per share. Shares of this Zacks Rank #3 (Hold) company have gained 17.4% in the past three months compared with the industry’s growth of 10.7%. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the REIT sector are Lamar Advertising LAMR, EastGroup Properties EGP and Stag Industrial STAG, each carrying a Zacks Rank #2 (Buy) at present.
|
9d52fb90-b2d8-451f-b37f-131e83cb0f89
|
711264.0
|
2023-12-15 00:00:00 UTC
|
Carnival Stock Has a Lot to Prove This Week
|
DCOMP
|
https://www.nasdaq.com/articles/carnival-stock-has-a-lot-to-prove-this-week
|
nan
|
nan
|
It's finally been a good year to be a Carnival Corp. (NYSE: CCL) investor. Shares of the world's largest cruise line operator have soared 131% this year. The industry's recovery from the COVID-19 crisis has been long, but it finally appears to be complete. Profitability is back for all of the major operators, and bookings for future sailings are now exceeding pre-pandemic records.
The market will get an important update when Carnival steps up with its fiscal fourth-quarter results on Thursday morning. Expectations are high, but the same can be said of the chances for a strong report. At least three major analysts have bumped their price targets higher on Carnival over the past week, a strong indication that some of the market pros that follow the company want to be more bullish heading into the telltale earnings release and subsequentearnings calllater this week.
Hoping for a bon voyage
Carnival posted record revenue of $6.9 billion in its latest quarter three months ago. It also came through with its first profitable quarter since the end of fiscal 2019, ending a streak of 14 straight quarterly losses.
Expectations for this week's report may initially come off as a buzzkill. Analysts are holding out for a loss of $0.13 a share on $5.3 billion in revenue for the fiscal fourth quarter it will reveal on Thursday. Why is Carnival back in the red? Why is the top line shrinking sequentially?
Well, this is a seasonal business. There's a big difference between the three months ending in November -- that Carnival will be discussing -- and its blowout performance for the three months ending in August. Families travel over the summer when school is out, and the warmer weather is conducive to tropical beach shore excursions and other touristy port-of-call destinations.
Compare the fiscal fourth quarter to where Carnival was a year ago, and the seas appear more kind. Carnival's deficit clocked in at $0.85 a share in the final frame of fiscal 2022. The $5.3 billion that Wall Street pros are targeting in revenue is a 38% improvement over the past year. If you want some better news, momentum suggests that reality will be even better.
QUARTER EPS ESTIMATE ACTUAL SURPRISE
Q4 2022 ($0.87) ($0.85) 2%
Q1 2023 ($0.60) ($0.55) 8%
Q2 2023 ($0.34) ($0.31) 9%
Q3 2023 $0.75 $0.86 15%
Data source: Yahoo! Finance. EPS = earnings per share.
Carnival has topped analyst earnings estimates with ease over the past year, and the gap has been widening. Could Carnival actually surprise the market with a profit? All 14 of the major firms putting out projections are bracing for a loss of at least $0.10 a share, but positive net income is certainly possible. Occupancy levels are climbing and fuel costs -- a major expense on cruise ships -- have been contracting in recent months.
Image source: Getty Images.
Lining up for the midnight buffet
Three analysts have revised their price targets higher on Carnival shares over the last four trading days. This week kicks off with Andrew Didora at Bank of America lifting his goal from $20 to $22. Cruising trends and encouraging reports on pricing surveys as well as credit and debit card data are favorable for the industry. Late last week there were analysts at J.P. Morgan and Barclays also pushing their price targets $2 higher.
Cruise lines had to do a lot of unflattering things to stay solvent during the cruising market's shutdown. Carnival had to load up on debt at high rates and crank out new shares at low prices. It will take time for per-share profitability to reach historic highs, but Carnival is trying. It has already paid down $4 billion in debt from its peak earlier this year. Carnival is trading for 20 times this new fiscal year's projected earnings and just 14 times next year's target. The shares have come a long way this year, but it doesn't mean another blowout performance on Thursday can't keep the gains coming.
Should you invest $1,000 in Carnival Corp. right now?
Before you buy stock in Carnival Corp., consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 18, 2023
Bank of America is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America and JPMorgan Chase. The Motley Fool recommends Barclays Plc and Carnival Corp. 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.
|
Hoping for a bon voyage Carnival posted record revenue of $6.9 billion in its latest quarter three months ago. Families travel over the summer when school is out, and the warmer weather is conducive to tropical beach shore excursions and other touristy port-of-call destinations. Lining up for the midnight buffet Three analysts have revised their price targets higher on Carnival shares over the last four trading days.
|
Carnival is trading for 20 times this new fiscal year's projected earnings and just 14 times next year's target. Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Carnival Corp. wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Bank of America is an advertising partner of The Ascent, a Motley Fool company.
|
At least three major analysts have bumped their price targets higher on Carnival over the past week, a strong indication that some of the market pros that follow the company want to be more bullish heading into the telltale earnings release and subsequentearnings calllater this week. Carnival is trading for 20 times this new fiscal year's projected earnings and just 14 times next year's target. Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Carnival Corp. wasn't one of them.
|
Analysts are holding out for a loss of $0.13 a share on $5.3 billion in revenue for the fiscal fourth quarter it will reveal on Thursday. Carnival is trading for 20 times this new fiscal year's projected earnings and just 14 times next year's target. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Bank of America is an advertising partner of The Ascent, a Motley Fool company.
|
186ffefd-16ed-46bd-b7a4-6d41e249cb1d
|
711265.0
|
2023-12-15 00:00:00 UTC
|
Reasons to Add DexCom (DXCM) Stock to Your Portfolio Now
|
DCOMP
|
https://www.nasdaq.com/articles/reasons-to-add-dexcom-dxcm-stock-to-your-portfolio-now-0
|
nan
|
nan
|
DexCom, Inc. DXCM is well poised for growth in the coming quarters, backed by its strong product portfolio. A robust third-quarter 2023 performance, along with a series of favorable coverage decisions, is expected to contribute further. However, risks related to stiff competition persist.
This Zacks Rank #2 (Buy) company’s shares have risen 8.3% year to date compared with the industry’s 1.7% growth. The S&P 500 Index has increased 23.4% in the same time frame.
DXCM, a renowned medical device company and provider of continuous glucose monitoring (CGM) systems, has a market capitalization of $47.37 billion. It projects 33.6% growth over the next five years and expects to maintain the strong performance going forward.
Image Source: Zacks Investment Research
DexCom’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 36.43%.
Let’s delve deeper.
Strong Product Demand: We are upbeat about DexCom's continued strength in its CGM products.
The company continues to expand its product portfolio with the addition of new products like DexCom One and G7 sensor. This has helped accelerate its growth. Sales of these products have reflected strong demand since their launch late last year.
Moreover, the expansion of coverage for CGM systems during the quarter supported growth. This trend is likely to continue for the rest of 2023. The availability of new sensors like G6 and G7 in new international markets is also boosting revenue growth.
Additionally, the glucose monitoring market presents significant commercial opportunities for the company. DexCom’s prospects in alternative markets such as non-intensive diabetes management, hospital, gestational, pre-diabetes and obesity are likely to provide it with a competitive edge in the MedTech space.
New Product Launch: In June, Dexcom announced that it is currently developing a new product with a 15-day sensor, designed specifically for diabetic patients who are not on insulin. The company is planning to launch the new product in the United States in 2024.
Positive Coverages: DXCM’s products have been receiving increasing coverage over the past few months, raising our optimism. The company’s G7 CGM System is already covered by all major pharmacy benefit managers in the United States, following its launch late last year.
In 2022, the company expanded public coverage for type 1 and type 2 diabetic patients (aged two years and above) who are on multiple daily injections of insulin (three or more) or who use an insulin pump leveraging its G6 CGM System via Prince Edward Island’s Diabetes Glucose Sensor Program.
DexCom ended the third quarter with new patient additions.
The Ontario government began coverage for the Dexcom G6 CGM System through the province’s Assistive Devices Program. This program has been designed for provincial people with type 1 diabetes, who are above the age of two and meet the coverage criteria.
Strong Q3 Results: DXCM’s solid third-quarter 2023 revenues buoy optimism. Rising volumes across all channels, along with new customer additions due to increasing global awareness of the benefits of real-time CGM, contributed to the upside. In October, the company raised its guidance for 2025 based on robust demand for its products in the previous two years. Dexcom now expects an additional $3.55 billion in revenues compared with the earlier projected band of $3.5-$3.55 billion.
Impressive contributions from the Sensor segment, and domestic and international revenue growth were the key catalysts. Additionally, the glucose monitoring market presents significant commercial opportunities for DXCM.
Downsides
Rising Costs: The company’s gross margin contracted 30 basis points during the third quarter to 62.7%, reflecting the rising cost of sales. It expects an adjusted gross margin of approximately 64% for 2023, indicating persisting cost pressure.
Stiff Competition: The market for blood glucose monitoring devices is highly competitive, subject to rapid changes and new product introductions. DXCM’s competitors manufacture and market products for the single-point finger stick device market and collectively account for the worldwide sales of self-monitored glucose testing systems at present.
Estimate Trend
DexCom is witnessing an improving estimate revision trend for 2023 and 2024. In the past 60 days, the Zacks Consensus Estimate for earnings has increased from $1.23 per share to $1.44 for 2023 and from $1.59 to $1.70 for 2024.
The consensus mark for the company’s fourth-quarter 2023 revenues is pegged at $1 billion, indicating a 23.3% improvement from the year-ago quarter’s reported number. The same for earnings is pinned at 43 cents per share, implying growth of 26.5% year over year.
DexCom, Inc. Price
DexCom, Inc. price | DexCom, Inc. Quote
Other Stocks to Consider
Some other top-ranked stocks from the broader medical space are Integer Holdings ITGR, HealthEquity, Inc. HQY and Biodesix BDSX.
Integer Holdings, carrying a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 33.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
ITGR’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 11.98%. The company’s shares have risen 42.5% year to date compared with the industry’s 1.7% growth.
HealthEquity, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 26.8%. HQY’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 16.5%.
The company’s shares have rallied 15% year to date against the industry’s 9.9% decline.
Biodesix, carrying a Zacks Rank #2 at present, has an estimated growth rate of 32.3% for 2024. BDSX’s earnings surpassed estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.76%.
The stock has fallen 30.9% year to date compared with the industry’s 9.9% decline.
Zacks 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
DexCom, Inc. (DXCM) : Free Stock Analysis Report
HealthEquity, Inc. (HQY) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : Free Stock Analysis Report
Biodesix, Inc. (BDSX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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.
|
DXCM, a renowned medical device company and provider of continuous glucose monitoring (CGM) systems, has a market capitalization of $47.37 billion. DexCom’s prospects in alternative markets such as non-intensive diabetes management, hospital, gestational, pre-diabetes and obesity are likely to provide it with a competitive edge in the MedTech space. Rising volumes across all channels, along with new customer additions due to increasing global awareness of the benefits of real-time CGM, contributed to the upside.
|
Image Source: Zacks Investment Research DexCom’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 36.43%. Integer Holdings, carrying a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 33.6%. Click to get this free report DexCom, Inc. (DXCM) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Biodesix, Inc. (BDSX) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research DexCom’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 36.43%. DexCom, Inc. Price DexCom, Inc. price | DexCom, Inc. Quote Other Stocks to Consider Some other top-ranked stocks from the broader medical space are Integer Holdings ITGR, HealthEquity, Inc. HQY and Biodesix BDSX. Click to get this free report DexCom, Inc. (DXCM) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Biodesix, Inc. (BDSX) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
DXCM, a renowned medical device company and provider of continuous glucose monitoring (CGM) systems, has a market capitalization of $47.37 billion. Image Source: Zacks Investment Research DexCom’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 36.43%. In the past 60 days, the Zacks Consensus Estimate for earnings has increased from $1.23 per share to $1.44 for 2023 and from $1.59 to $1.70 for 2024.
|
8a4e3e0a-0c99-41ed-b861-9142cbe44fa9
|
711266.0
|
2023-12-15 00:00:00 UTC
|
Reasons to Add Consolidated Water (CWCO) to Your Portfolio Now
|
DCOMP
|
https://www.nasdaq.com/articles/reasons-to-add-consolidated-water-cwco-to-your-portfolio-now-1
|
nan
|
nan
|
Consolidated Water Co. Ltd.’s CWCO use of Reverse Osmosis, one of the most advanced water purification technologies to convert seawater to potable water at all water treatment plants, boosts its performance. Given its growth opportunities, Consolidated Water makes for a solid investment option in the utility sector.
Let’s focus on the factors that make this Zacks #2 Rank (Buy) company a strong investment pick at the moment.
Growth Projections
The Zacks Consensus Estimate for CWCO’s 2023 earnings per share (EPS) has moved up 19.2% in the past 60 days to $1.74.
The consensus mark for 2023 sales is pinned at $171.8 million, implying year-over-year growth of 82.6%.
Consolidated Water’s long-term (three to five years) earnings growth rate is 8%.
Return on Equity
Return on equity (ROE) indicates how efficiently a company has been utilizing the funds to generate returns. Currently, the company’s ROE is 13.39%, higher than the industry’s average of 9.32%. This indicates that the company has been utilizing the funds more constructively than its peers in the utility water supply industry.
Debt Position & Liquidity
At the end of third-quarter 2023, Consolidated Water’s total debt to capital was 0.14%, much better than the industry’s average of 47.49%.
The current ratio at the end of the third quarter was 4.14, much higher than the industry’s average of 0.98. The ratio, being greater than one, indicates the company’s ability to meet its future short-term liabilities without difficulties.
Dividend History
Consolidated Water has been consistently paying dividends since 1997 and increasing shareholders’ value. Currently, its quarterly dividend is 9.5 cents per share. This resulted in an annualized dividend of 38 cents per share, 11.8% higher than the previous rate of 34 cents. The company paid a total dividend of $4 million in the first nine months of 2023. Its current dividend yield is 1.08%.
Price Performance
In the past six months, CWCO returned 57.2% against the industry’s average 39.7% decline.
Image Source: Zacks Investment Research
Other Stocks to Consider
A few other top-ranked stocks from the same industry are American Water Works AWK, American States Water AWR and Global Water Resources GWRS, each holding a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AWK’s long-term earnings growth rate is 8.18%. The Zacks Consensus Estimate for 2023 EPS is pegged at $4.82, indicating a year-over-year improvement of 6.9%.
AWR’s long-term earnings growth rate is 6.3%. The consensus mark for 2023 EPS is pinned at $2.98, indicating year-over-year growth of 30.7%.
GWRS’ long-term earnings growth rate is 15%. The company delivered an average earnings surprise of 27.1% in the last four quarters.
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 Water Works Company, Inc. (AWK) : Free Stock Analysis Report
American States Water Company (AWR) : Free Stock Analysis Report
Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report
Global Water Resources, Inc. (GWRS) : 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.
|
Let’s focus on the factors that make this Zacks #2 Rank (Buy) company a strong investment pick at the moment. Growth Projections The Zacks Consensus Estimate for CWCO’s 2023 earnings per share (EPS) has moved up 19.2% in the past 60 days to $1.74. 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%.
|
Let’s focus on the factors that make this Zacks #2 Rank (Buy) company a strong investment pick at the moment. Image Source: Zacks Investment Research Other Stocks to Consider A few other top-ranked stocks from the same industry are American Water Works AWK, American States Water AWR and Global Water Resources GWRS, each holding a Zacks Rank #2 at present. Click to get this free report American Water Works Company, Inc. (AWK) : Free Stock Analysis Report American States Water Company (AWR) : Free Stock Analysis Report Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report Global Water Resources, Inc. (GWRS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Consolidated Water Co. Ltd.’s CWCO use of Reverse Osmosis, one of the most advanced water purification technologies to convert seawater to potable water at all water treatment plants, boosts its performance. Image Source: Zacks Investment Research Other Stocks to Consider A few other top-ranked stocks from the same industry are American Water Works AWK, American States Water AWR and Global Water Resources GWRS, each holding a Zacks Rank #2 at present. Click to get this free report American Water Works Company, Inc. (AWK) : Free Stock Analysis Report American States Water Company (AWR) : Free Stock Analysis Report Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report Global Water Resources, Inc. (GWRS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Growth Projections The Zacks Consensus Estimate for CWCO’s 2023 earnings per share (EPS) has moved up 19.2% in the past 60 days to $1.74. The current ratio at the end of the third quarter was 4.14, much higher than the industry’s average of 0.98. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
a3907b12-1058-448b-84cf-899404a2a24a
|
711267.0
|
2023-12-15 00:00:00 UTC
|
IJJ, JBL, ELS, RGA: Large Inflows Detected at ETF
|
DCOMP
|
https://www.nasdaq.com/articles/ijj-jbl-els-rga%3A-large-inflows-detected-at-etf
|
nan
|
nan
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Value ETF (Symbol: IJJ) where we have detected an approximate $1.6 billion dollar inflow -- that's a 22.5% increase week over week in outstanding units (from 64,350,000 to 78,850,000). Among the largest underlying components of IJJ, in trading today Jabil Inc (Symbol: JBL) is down about 0.3%, Equity Lifestyle Properties Inc (Symbol: ELS) is up about 0.9%, and Reinsurance Group of America, Inc. (Symbol: RGA) is higher by about 1.9%. For a complete list of holdings, visit the IJJ Holdings page » The chart below shows the one year price performance of IJJ, versus its 200 day moving average:
Looking at the chart above, IJJ's low point in its 52 week range is $92.7912 per share, with $116.78 as the 52 week high point — that compares with a last trade of $113.27. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Top Ten Hedge Funds Holding HSPO
BALY YTD Return
AGNU Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Top Ten Hedge Funds Holding HSPO BALY YTD Return AGNU Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of IJJ, in trading today Jabil Inc (Symbol: JBL) is down about 0.3%, Equity Lifestyle Properties Inc (Symbol: ELS) is up about 0.9%, and Reinsurance Group of America, Inc. (Symbol: RGA) is higher by about 1.9%. For a complete list of holdings, visit the IJJ Holdings page » The chart below shows the one year price performance of IJJ, versus its 200 day moving average: Looking at the chart above, IJJ's low point in its 52 week range is $92.7912 per share, with $116.78 as the 52 week high point — that compares with a last trade of $113.27. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Value ETF (Symbol: IJJ) where we have detected an approximate $1.6 billion dollar inflow -- that's a 22.5% increase week over week in outstanding units (from 64,350,000 to 78,850,000). For a complete list of holdings, visit the IJJ Holdings page » The chart below shows the one year price performance of IJJ, versus its 200 day moving average: Looking at the chart above, IJJ's low point in its 52 week range is $92.7912 per share, with $116.78 as the 52 week high point — that compares with a last trade of $113.27. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Value ETF (Symbol: IJJ) where we have detected an approximate $1.6 billion dollar inflow -- that's a 22.5% increase week over week in outstanding units (from 64,350,000 to 78,850,000). For a complete list of holdings, visit the IJJ Holdings page » The chart below shows the one year price performance of IJJ, versus its 200 day moving average: Looking at the chart above, IJJ's low point in its 52 week range is $92.7912 per share, with $116.78 as the 52 week high point — that compares with a last trade of $113.27. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
7e390931-0d5a-4f36-93e5-a48793a0133f
|
711268.0
|
2023-12-15 00:00:00 UTC
|
Despite Fast-paced Momentum, Turtle Beach (HEAR) Is Still a Bargain Stock
|
DCOMP
|
https://www.nasdaq.com/articles/despite-fast-paced-momentum-turtle-beach-hear-is-still-a-bargain-stock
|
nan
|
nan
|
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
Turtle Beach (HEAR) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 9.5%, the stock of this audio technology company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. HEAR meets this criterion too, as the stock gained 24.3% over the past 12 weeks.
Moreover, the momentum for HEAR is fast paced, as the stock currently has a beta of 2.04. This indicates that the stock moves 104% higher than the market in either direction.
Given this price performance, it is no surprise that HEAR has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped HEAR earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, HEAR is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. HEAR is currently trading at 0.77 times its sales. In other words, investors need to pay only 77 cents for each dollar of sales.
So, HEAR appears to have plenty of room to run, and that too at a fast pace.
In addition to HEAR, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks 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
Turtle Beach Corporation (HEAR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, HEAR is trading at a reasonable valuation. 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%.
|
While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped HEAR earn a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, HEAR is trading at a reasonable valuation.
|
While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. While there are numerous reasons why this stock is a great choice, here are the most vital ones: A dash of recent price momentum reflects growing interest of investors in a stock. Given this price performance, it is no surprise that HEAR has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
|
While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that HEAR has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to HEAR, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen.
|
2b4c31b7-20e9-4adf-8100-57afd444b5ea
|
711269.0
|
2023-12-15 00:00:00 UTC
|
EXCLUSIVE-US lawmakers warn Biden to probe EU targeting of tech firms -letter
|
DCOMP
|
https://www.nasdaq.com/articles/exclusive-us-lawmakers-warn-biden-to-probe-eu-targeting-of-tech-firms-letter
|
nan
|
nan
|
By Martin Coulter
LONDON, Dec 18 (Reuters) - A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation are unfairly targeting U.S. companies and not including many Chinese or EU firms, according to a letter seen by Reuters on Monday.
Under the European Union's Digital Markets Act (DMA), five major U.S. tech companies — Alphabet GOOGL.O, Amazon AMZN.O, Apple AAPL.O, Meta META.O and Microsoft MSFT.O — were designated "gatekeeper" service providers.
From March 2024, these companies — as well as TikTok's Chinese owner ByteDance — will be required to make their messaging apps work with rivals and let users choose which ones they want pre-installed on their devices.
In a letter seen by Reuters, 21 members of the U.S. House of Representatives warned the new rules could damage American economic and security interests and called on Biden to secure commitments from the EU the rules will be enforced fairly.
"Securing our leadership in this sector is imperative for our economy and American workers," the letter said. "The designation of leading U.S. companies as 'gatekeepers' threatens to upend the U.S. economy, diminish our global leadership in the digital sphere, and jeopardize the security of consumers."
The European Commission and the White House did not immediately respond to requests for comment.
Europe is seen by some experts as the global leader in tech regulation. The bloc's DMA and the DSA (Digital Services Act) are attempts at tailoring laws to target the Big Tech companies.
The letter questioned why Chinese companies Alibaba, Huawei, and Tencent had avoided designation and why European companies had avoided any scrutiny. "The EU inexplicably failed to designate any European retailers, content-sharing platforms, payment firms, and telcos," it said.
Signatories of the letter — including Representative Lou Correa, a Democrat, and Thomas Massie, a Republican, — called on Biden to seek assurances from EU lawmakers the DMA will not be unfairly used to target U.S. companies.
The U.S. government has previously warned the EU against over-regulating American technology companies. When the DMA was still being drafted, the White House National Security Council told EU representatives that using the bill to solely target American companies would hinder their ability to work together.
Since 2021, the EU-U.S. Trade and Technology Council (TTC) has sought to harmonise technology regulation on either side of the Atlantic, with lawmakers seeking consensus on topics such as supply chain security, export controls and foreign investment.
How the EU's Digital Markets Act challenges Big Tech https://www.reuters.com/technology/how-eus-digital-markets-act-challenges-big-tech-2023-09-06/
(Reporting by Martin Coulter; Editing by Franklin Paul and Lisa Shumaker)
((martin.coulter@thomsonreuters.com; Follow me on Twitter @martinjbcoulter; +447436546182;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Under the European Union's Digital Markets Act (DMA), five major U.S. tech companies — Alphabet GOOGL.O, Amazon AMZN.O, Apple AAPL.O, Meta META.O and Microsoft MSFT.O — were designated "gatekeeper" service providers. Signatories of the letter — including Representative Lou Correa, a Democrat, and Thomas Massie, a Republican, — called on Biden to seek assurances from EU lawmakers the DMA will not be unfairly used to target U.S. companies. When the DMA was still being drafted, the White House National Security Council told EU representatives that using the bill to solely target American companies would hinder their ability to work together.
|
By Martin Coulter LONDON, Dec 18 (Reuters) - A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation are unfairly targeting U.S. companies and not including many Chinese or EU firms, according to a letter seen by Reuters on Monday. In a letter seen by Reuters, 21 members of the U.S. House of Representatives warned the new rules could damage American economic and security interests and called on Biden to secure commitments from the EU the rules will be enforced fairly. How the EU's Digital Markets Act challenges Big Tech https://www.reuters.com/technology/how-eus-digital-markets-act-challenges-big-tech-2023-09-06/ (Reporting by Martin Coulter; Editing by Franklin Paul and Lisa Shumaker) ((martin.coulter@thomsonreuters.com; Follow me on Twitter @martinjbcoulter; +447436546182;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Martin Coulter LONDON, Dec 18 (Reuters) - A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation are unfairly targeting U.S. companies and not including many Chinese or EU firms, according to a letter seen by Reuters on Monday. In a letter seen by Reuters, 21 members of the U.S. House of Representatives warned the new rules could damage American economic and security interests and called on Biden to secure commitments from the EU the rules will be enforced fairly. When the DMA was still being drafted, the White House National Security Council told EU representatives that using the bill to solely target American companies would hinder their ability to work together.
|
In a letter seen by Reuters, 21 members of the U.S. House of Representatives warned the new rules could damage American economic and security interests and called on Biden to secure commitments from the EU the rules will be enforced fairly. The bloc's DMA and the DSA (Digital Services Act) are attempts at tailoring laws to target the Big Tech companies. When the DMA was still being drafted, the White House National Security Council told EU representatives that using the bill to solely target American companies would hinder their ability to work together.
|
dd3d7db4-1613-4260-aec2-c207ade08d31
|
711270.0
|
2023-12-15 00:00:00 UTC
|
Lincoln Electric (LECO) Rallies 54% in a Year: More Room to Run?
|
DCOMP
|
https://www.nasdaq.com/articles/lincoln-electric-leco-rallies-54-in-a-year%3A-more-room-to-run
|
nan
|
nan
|
Lincoln Electric Holdings, Inc. LECO has rallied 54% in a year, faring way better than the industry’s 38% growth. The Industrial Products sector has risen 14.1%, while the Zacks S&P 500 composite has moved up 24% in the same time frame.
LECO has a market capitalization of $12.4 billion. The average volume of shares traded in the last three months was 315.2k.
Lincoln Electric currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Solid Order Levels Bode Well
Lincoln Electric has delivered year-over-year improvement in its top and bottom lines in the last 11 quarters. This performance is impressive considering the inflationary headwinds and supply-chain issues witnessed by the industry at large. LECO has witnessed improving order rates across all end-market sectors, regions and products. The company is witnessing strong quoting activity and record backlogs for equipment systems and automation solutions.
LECO has also been effectively managing to counter raw material inflation through pricing actions and improved productivity. Solid backlog and acquisitions have been aiding the company’s performance as well.
Upbeat Growth Projections
The Zacks Consensus Estimate for the company’s fiscal 2023 earnings per share is currently pegged at $9.17 and suggests year-over-year growth of 11%. The same for 2024 is $9.55 which indicates year-over-year growth of 4%.
The company has a long-term estimated earnings growth rate of 15%.
Focus on Innovation
Lincoln Electric is focused on product development and using digital platforms to engage with customers. The company’s product launches in the automation solutions market are likely to aid growth.
LECO is focused on its new additive services business, which will position it as a manufacturer of large-scale 3D-printed metal spell parts, prototypes and tooling for industrial customers. This is likely to be a growth opportunity for Lincoln Electric. The company has been expanding its geographic and channel reach into attractive areas, such as automation, in sync with its strategy initiatives. It has a robust pipeline of additional product launches and acquisitions.
Strategic Acquisitions
Lincoln Electric is benefiting from several acquisitions. In April 2021, Lincoln Electric acquired Zeman Group’s unit, ZemanBauelemente Produktionsgesellschaftm.b.H., to drive automation growth in structural steel applications and support the company’s Higher Standard 2025 Strategy. The acquisition of Fabricated Tube Products and Shoals positions the Harris Products Group to capitalize on the attractive HVAC growth opportunity as part of its Higher Standard 2025 Strategy.
The company also acquired Sao Paulo-based Kestra, thus expanding its specialty alloy capabilities in South America. Lincoln Electric’s acquisition of Fori Automation is expected to increase its annualized automation portfolio revenues to more than $850 million.
The company is well-poised for growth on the back of a strong product development pipeline, industry-leading position in automation, investments in new technologies like additive, and a solid balance sheet that will support acquisitions.
Strong Balance Sheet to Aid Growth
Lincoln Electric had cash and cash equivalents of around $343 million at the end of the third quarter of 2023 compared with $197 million at 2022 end. The company generated a record $223 million in cash flow from operations in the quarter under review, up 71% year over year. Its total debt-to-total capital ratio was 0.48 as of Sep 30, 2023. The times interest earned ratio was 15.1 as of Sep 30, 2023.
Lincoln Electric has a balanced capital-allocation strategy, prioritizing growth investment while returning cash to shareholders. The company returned approximately $82 million to its shareholders in the third quarter of 2023 through dividends and share repurchases.
Few Headwinds Remain
Lincoln Electric is witnessing inflationary headwinds stemming from escalating labor, freight and raw material costs, which impact its margins. The Harris Products Group’s revenues have been bearing the brunt of lower volumes for the past four quarters, reflecting weak demand. Continued weakness in the retail channel also affected the segment’s margin. There has been an improvement in the retail channel sales in the third quarter on improving -year-ago comparisons and some restocking activity.
Stocks to Consider
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS each carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 40% in a year.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 40% in a year’s time.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 41% in the past year.
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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Image Source: Zacks Investment Research Solid Order Levels Bode Well Lincoln Electric has delivered year-over-year improvement in its top and bottom lines in the last 11 quarters. In April 2021, Lincoln Electric acquired Zeman Group’s unit, ZemanBauelemente Produktionsgesellschaftm.b.H., to drive automation growth in structural steel applications and support the company’s Higher Standard 2025 Strategy. The company is well-poised for growth on the back of a strong product development pipeline, industry-leading position in automation, investments in new technologies like additive, and a solid balance sheet that will support acquisitions.
|
The company is well-poised for growth on the back of a strong product development pipeline, industry-leading position in automation, investments in new technologies like additive, and a solid balance sheet that will support acquisitions. Stocks to Consider Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Upbeat Growth Projections The Zacks Consensus Estimate for the company’s fiscal 2023 earnings per share is currently pegged at $9.17 and suggests year-over-year growth of 11%. Stocks to Consider Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This is likely to be a growth opportunity for Lincoln Electric. The acquisition of Fabricated Tube Products and Shoals positions the Harris Products Group to capitalize on the attractive HVAC growth opportunity as part of its Higher Standard 2025 Strategy. Stocks to Consider Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
|
36b16402-009e-43e0-8712-4a39aa08168c
|
711271.0
|
2023-12-15 00:00:00 UTC
|
3 Airline Stocks To Watch In Mid-December 2023
|
DCOMP
|
https://www.nasdaq.com/articles/3-airline-stocks-to-watch-in-mid-december-2023
|
nan
|
nan
|
The airline sector, which includes companies providing passenger and cargo air transport services, plays a crucial role in global travel. Influenced by economic conditions, oil prices, and geopolitical events, this industry is characterized by its cyclicality. Airlines’ profitability is closely tied to the global economy’s health, often operating on thin profit margins. These factors make the financial performance of airlines sensitive to external influences, reflecting the sector’s inherent volatility.
Investing in airline stocks presents a unique mix of advantages and challenges. These stocks can offer substantial growth during economic upswings and increased travel demand, making them attractive for tactical investments. However, they are also vulnerable to fuel price volatility, regulatory shifts, and unexpected events like pandemics. This susceptibility can cause significant price fluctuations. Taking all of this into consideration, here are three airline stocks to watch in the stock market this week.
Airline Stocks To Buy [Or Avoid] Now
Delta Air Lines Inc. (NYSE: DAL)
American Airlines Group Inc. (NASDAQ: AAL)
United Airlines Holdings Inc. (NASDAQ: UAL)
Delta Airlines (DAL Stock)
To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. Delta operates over 5,400 flights daily, serving an extensive domestic and international network that includes over 300 destinations in more than 50 countries.
Back in October, Delta Airlines announced better-than-expected Q3 2023 financial results. Getting right into it, the company posted an EPS of $2.03 with revenue for the quarter of $15.49 billion. This is compared to analysts’ consensus estimates for the third quarter of 2023 which were an EPS of $1.92 per share, and revenue estimates of $15.10 billion. Additionally, revenue advanced by 10.83% versus the same period, the previous year.
Year-to-date, shares of Delta stock have increased by 26.46% so far. While, during Monday’s late morning trading session, DAL stock is trading red on the day thus far by 2.60%, trading at $41.24 a share.
[Read More] Best Stocks To Buy In December 2023? 3 Mag 7 Stocks To Watch
American Airlines Group (AAL Stock)
Second, American Airlines Group Inc. (AAL) is a significant player in the global aviation industry. As one of the largest airlines globally, it operates a comprehensive international and domestic network with nearly 6,800 flights per day to almost 350 destinations in more than 50 countries.
Just this month, American Airlines announced its inclusion in the Dow Jones Sustainability World Index (DJSI World) for the first time. This recognition places them as one of only two passenger airlines featured in the Index. Additionally, American Airlines is returning to the Dow Jones Sustainability North America Index (DJSI North America) for the third consecutive year. The DJSI World is composed of global leaders in sustainability, representing the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index, evaluated on economic, environmental, and social criteria.
In 2023 so far, shares of AAL stock have gained by 10.44% YTD. Meanwhile, during Monday’s late morning trading session, American Airlines stock is trading down on the day by 2.90%, currently trading at $14.07 a share.
[Read More] 2 Artificial Intelligence Stocks To Watch This Week
United Airlines Holdings (UAL Stock)
Finally, United Airlines Holdings Inc. (UAL) is a major American airline with headquarters in Chicago, Illinois. United operates a large domestic and international route network, with an extensive presence in the Asia-Pacific region. The company operates approximately 4,900 flights a day to 362 airports across five continents.
In October, United Airlines reported a beat for its third quarter 2023 financial results. In detail, the airline company reported earnings of $3.65 per share, with revenue of $14.48 billion. For context, this is in comparison with Wall Street’s estimates for the quarter which were an EPS of $3.40 and revenue of $14.44 billion. With that, revenue for the quarter increased by 12.48% compared to the same period, the prior year.
So far in 2023, shares of United Airlines stock have surged by 13.73% YTD. Moreover, during Monday’s late morning trading action, UAL stock is trading lower on the day by 2.89%, at $42.32 a share
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel.
CLICK HERE RIGHT NOW!!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The airline sector, which includes companies providing passenger and cargo air transport services, plays a crucial role in global travel. These stocks can offer substantial growth during economic upswings and increased travel demand, making them attractive for tactical investments. As one of the largest airlines globally, it operates a comprehensive international and domestic network with nearly 6,800 flights per day to almost 350 destinations in more than 50 countries.
|
Airline Stocks To Buy [Or Avoid] Now Delta Air Lines Inc. (NYSE: DAL) American Airlines Group Inc. (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) Delta Airlines (DAL Stock) To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. Additionally, American Airlines is returning to the Dow Jones Sustainability North America Index (DJSI North America) for the third consecutive year. [Read More] 2 Artificial Intelligence Stocks To Watch This Week United Airlines Holdings (UAL Stock) Finally, United Airlines Holdings Inc. (UAL) is a major American airline with headquarters in Chicago, Illinois.
|
Airline Stocks To Buy [Or Avoid] Now Delta Air Lines Inc. (NYSE: DAL) American Airlines Group Inc. (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) Delta Airlines (DAL Stock) To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. 3 Mag 7 Stocks To Watch American Airlines Group (AAL Stock) Second, American Airlines Group Inc. (AAL) is a significant player in the global aviation industry. [Read More] 2 Artificial Intelligence Stocks To Watch This Week United Airlines Holdings (UAL Stock) Finally, United Airlines Holdings Inc. (UAL) is a major American airline with headquarters in Chicago, Illinois.
|
Airline Stocks To Buy [Or Avoid] Now Delta Air Lines Inc. (NYSE: DAL) American Airlines Group Inc. (NASDAQ: AAL) United Airlines Holdings Inc. (NASDAQ: UAL) Delta Airlines (DAL Stock) To start, Delta Air Lines Inc. (DAL) is a major American airline, recognized as one of the world’s largest airlines by fleet size and passenger volume. As one of the largest airlines globally, it operates a comprehensive international and domestic network with nearly 6,800 flights per day to almost 350 destinations in more than 50 countries. [Read More] 2 Artificial Intelligence Stocks To Watch This Week United Airlines Holdings (UAL Stock) Finally, United Airlines Holdings Inc. (UAL) is a major American airline with headquarters in Chicago, Illinois.
|
f901e7ab-5920-4adc-8de3-e5149097a478
|
711272.0
|
2023-12-15 00:00:00 UTC
|
Allstate (ALL) Continues Auto Rate Hikes to Boost Profits
|
DCOMP
|
https://www.nasdaq.com/articles/allstate-all-continues-auto-rate-hikes-to-boost-profits-0
|
nan
|
nan
|
The Allstate Corporation ALL recently announced rate hikes of auto insurance in November, coupled with homeowners' insurance rate adjustments. This strategy aligns well with current macroeconomic trends, reinforcing the company's commitment to navigating challenging market conditions.
Inflationary pressure has compelled insurers to increase their rates to maintain a decent level of profitability. The company’s estimated catastrophe losses for November were below the $150 million reporting threshold, implying effective risk management. The company's shares lost 0.1% on Dec 15, replicating a broader decline in markets
Last month, Allstate hiked auto rates by 7.9% in 10 locations, which provided a total premium impact of 1%. The auto rate hikes since the start of 2023 had a premium impact of 11.4%, which is likely to boost annualized written premiums by around $2.97 billion. It estimates the homeowners’ insurance segment's average gross written premium for November to witness a 12.6% year-over-year increase.
The high inflation environment is expected to keep driving insurance prices higher for auto and homeowners insurance. Last month, it increased homeowners’ rates by 4.6% in 10 locations, which offered a total premium impact of 0.5%. The company recently got approval from the Department of Insurance in New York, California and New Jersey for auto insurance rate increases of 14.6%, 30% and 20%, respectively. The new rates will be implemented this month and are effective through February 2024. Increased rates are expected to lead to increased annualized written premiums worth $1 billion.
Apart from implementing higher rates, ALL is likely to improve profitability through cost-curbing measures with the help of digitization, improving efficiency, leveraging scale with strategic partnerships and stricter underwriting requirements. Reducing distribution expenses will also support its margins.
Allstate's limited catastrophe losses in November provide relief, especially in light of the substantial $5.6 billion incurred in the first nine months of 2023, marking a significant 138.7% year-over-year increase. Comparatively, 2021 and 2022 saw catastrophe losses of $3.3 billion and $3.1 billion, respectively, showcasing a challenging trend in 2023.
Allstate remains firm on lowering losses by its catastrophe management strategies and reinsurance programs and restricting exposure to riskier geographic markets by expanding premiums. However, this is likely to affect the growth rate of policies in force for Allstate Protection Homeowners. Moreover, the first three quarters witnessed a 2.9% decline in policies in force for Allstate Protection Auto, reflecting some challenges.
Price Performances
Allstate shares have gained 25% in the past six months compared with the industry’s 5.8% rise.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
ALL currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the property and casualty insurance industry are Mercury General Corporation MCY, CNA Financial Corporation CNA and HCI Group, Inc. HCI. Each of these companies sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Mercury General beat estimates in two of the last four quarters and missed in the other two, the average being 2,833.05%.
The Zacks Consensus Estimate for MCY’s 2023 and 2024 earnings per share (EPS) indicates a year-over-year increase of 65.2% and 343.7%, respectively.
CNA Financial has a solid track record of beating earnings estimates in three of the last four quarters, missing once, the average being 9.2%.
The Zacks Consensus Estimate for CNA’s 2023 and 2024 earnings has moved 0.5% and 0.6% north, respectively, in the past 30 days, reflecting analysts’ optimism.
HCI Group surpassed earnings in each of the last four quarters, the average being 519.6%.
The Zacks Consensus Estimate for HCI’s 2023 and 2024 EPS indicates a year-over-year increase of 194.9% and 51.4%, respectively.
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 Allstate Corporation (ALL) : Free Stock Analysis Report
CNA Financial Corporation (CNA) : Free Stock Analysis Report
HCI Group, Inc. (HCI) : Free Stock Analysis Report
Mercury General Corporation (MCY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company's shares lost 0.1% on Dec 15, replicating a broader decline in markets Last month, Allstate hiked auto rates by 7.9% in 10 locations, which provided a total premium impact of 1%. Allstate's limited catastrophe losses in November provide relief, especially in light of the substantial $5.6 billion incurred in the first nine months of 2023, marking a significant 138.7% year-over-year increase. Allstate remains firm on lowering losses by its catastrophe management strategies and reinsurance programs and restricting exposure to riskier geographic markets by expanding premiums.
|
The company's shares lost 0.1% on Dec 15, replicating a broader decline in markets Last month, Allstate hiked auto rates by 7.9% in 10 locations, which provided a total premium impact of 1%. Some better-ranked stocks from the property and casualty insurance industry are Mercury General Corporation MCY, CNA Financial Corporation CNA and HCI Group, Inc. HCI. Click to get this free report The Allstate Corporation (ALL) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report HCI Group, Inc. (HCI) : Free Stock Analysis Report Mercury General Corporation (MCY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Allstate Corporation ALL recently announced rate hikes of auto insurance in November, coupled with homeowners' insurance rate adjustments. The company's shares lost 0.1% on Dec 15, replicating a broader decline in markets Last month, Allstate hiked auto rates by 7.9% in 10 locations, which provided a total premium impact of 1%. Click to get this free report The Allstate Corporation (ALL) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report HCI Group, Inc. (HCI) : Free Stock Analysis Report Mercury General Corporation (MCY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Allstate Corporation ALL recently announced rate hikes of auto insurance in November, coupled with homeowners' insurance rate adjustments. It estimates the homeowners’ insurance segment's average gross written premium for November to witness a 12.6% year-over-year increase. Image Source: Zacks Investment Research Zacks Rank & Key Picks ALL currently has a Zacks Rank #3 (Hold).
|
43273d2f-e862-4f9f-bd49-93ee3a1c0db9
|
711273.0
|
2023-12-15 00:00:00 UTC
|
Richemont scraps agreement to sell online retailer YNAP to Farfetch
|
DCOMP
|
https://www.nasdaq.com/articles/richemont-scraps-agreement-to-sell-online-retailer-ynap-to-farfetch
|
nan
|
nan
|
Adds details, company comments
ZURICH, Dec 18 (Reuters) - Cartier-owner Richemont CFR.S on Monday said it had scrapped an agreement to sell part of its online fashion and accessories business Yoox Net-A-Porter (YNAP) to online luxury retailer Farfetch FTCH.N Holdings.
The Swiss-based luxury goods group said it was pulling out of the deal after South Korean e-commerce giant Coupang CPNG.N said earlier on Monday that it was planning to buy Farfetch.
Richemont, which numbers jeweller Cartier and Swiss watch brands Piaget and IWC among its brands, had originally made a deal to offload an initial 47.5%% stake in YNAP to Farfetch in 2022.
The deal would also have seen Dubai Mall developer Mohamed Alabbar take a 3.2% stake on Farfetch through his investment vehicle Symphony Global.
"As a result of the contemplated transaction announced by Farfetch on 18 December 2023, the arrangements ... announced in August 2022 cannot complete," Richemont said on Monday.
"Therefore Richemont, Farfetch and Symphony Global, one of the investment vehicles of Mr Mohamed Alabbar, have terminated the agreements."
Richemont also said it would no longer adopt Farfetch platforms at its businesses, and would not open e-concessions on the Farfetch online market place.
It said it had no financial obligations towards Farfetch and did not envisage lending or investing into the loss-making British company.
Richemont said it did not expect to be repaid for the $300 million in convertible notes Farfetch issued in November 2020 as part of an investment in a joint venture in China.
The carrying value of these notes in Richemont's accounts amounted to 218 million euros ($238.03 million)as at Nov. 30 2023, the company said.
Richemont said its businesses would continue to operate on their own platforms and had not adopted Farfetch technology.
It would also look for a new partner for YNAP.
"As a result of the termination of the agreements with Farfetch and Symphony Global, Richemont will re-evaluate options for YNAP to best harness its strengths and potential under new stewardship," the luxury group said.
($1 = 0.9158 euros)
(Reporting by John Revill Editing by Miranda Murray and Catherine Evans)
((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.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.
|
The Swiss-based luxury goods group said it was pulling out of the deal after South Korean e-commerce giant Coupang CPNG.N said earlier on Monday that it was planning to buy Farfetch. Richemont said it did not expect to be repaid for the $300 million in convertible notes Farfetch issued in November 2020 as part of an investment in a joint venture in China. "As a result of the termination of the agreements with Farfetch and Symphony Global, Richemont will re-evaluate options for YNAP to best harness its strengths and potential under new stewardship," the luxury group said.
|
The deal would also have seen Dubai Mall developer Mohamed Alabbar take a 3.2% stake on Farfetch through his investment vehicle Symphony Global. "Therefore Richemont, Farfetch and Symphony Global, one of the investment vehicles of Mr Mohamed Alabbar, have terminated the agreements." "As a result of the termination of the agreements with Farfetch and Symphony Global, Richemont will re-evaluate options for YNAP to best harness its strengths and potential under new stewardship," the luxury group said.
|
Adds details, company comments ZURICH, Dec 18 (Reuters) - Cartier-owner Richemont CFR.S on Monday said it had scrapped an agreement to sell part of its online fashion and accessories business Yoox Net-A-Porter (YNAP) to online luxury retailer Farfetch FTCH.N Holdings. Richemont also said it would no longer adopt Farfetch platforms at its businesses, and would not open e-concessions on the Farfetch online market place. "As a result of the termination of the agreements with Farfetch and Symphony Global, Richemont will re-evaluate options for YNAP to best harness its strengths and potential under new stewardship," the luxury group said.
|
The Swiss-based luxury goods group said it was pulling out of the deal after South Korean e-commerce giant Coupang CPNG.N said earlier on Monday that it was planning to buy Farfetch. Richemont, which numbers jeweller Cartier and Swiss watch brands Piaget and IWC among its brands, had originally made a deal to offload an initial 47.5%% stake in YNAP to Farfetch in 2022. Richemont also said it would no longer adopt Farfetch platforms at its businesses, and would not open e-concessions on the Farfetch online market place.
|
c7b51c1c-41bc-4869-9834-c83d85e5cfae
|
711274.0
|
2023-12-15 00:00:00 UTC
|
DRS or HEI: Which Is the Better Value Stock Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/drs-or-hei%3A-which-is-the-better-value-stock-right-now
|
nan
|
nan
|
Investors with an interest in Aerospace - Defense Equipment stocks have likely encountered both Leonardo DRS, Inc. (DRS) and Heico Corporation (HEI). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, Leonardo DRS, Inc. has a Zacks Rank of #2 (Buy), while Heico Corporation has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DRS has an improving earnings outlook. However, value investors will care about much more than just this.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
DRS currently has a forward P/E ratio of 26.36, while HEI has a forward P/E of 52.70. We also note that DRS has a PEG ratio of 3.09. 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. HEI currently has a PEG ratio of 3.77.
Another notable valuation metric for DRS is its P/B ratio of 2.22. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, HEI has a P/B of 8.49.
These metrics, and several others, help DRS earn a Value grade of B, while HEI has been given a Value grade of D.
DRS has seen stronger estimate revision activity and sports more attractive valuation metrics than HEI, so it seems like value investors will conclude that DRS is the superior option right now.
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
Leonardo DRS, Inc. (DRS) : Free Stock Analysis 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.
|
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
|
The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Currently, Leonardo DRS, Inc. has a Zacks Rank of #2 (Buy), while Heico Corporation has a Zacks Rank of #3 (Hold). Click to get this free report Leonardo DRS, Inc. (DRS) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. These metrics, and several others, help DRS earn a Value grade of B, while HEI has been given a Value grade of D. DRS has seen stronger estimate revision activity and sports more attractive valuation metrics than HEI, so it seems like value investors will conclude that DRS is the superior option right now. Click to get this free report Leonardo DRS, Inc. (DRS) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Currently, Leonardo DRS, Inc. has a Zacks Rank of #2 (Buy), while Heico Corporation has a Zacks Rank of #3 (Hold). These metrics, and several others, help DRS earn a Value grade of B, while HEI has been given a Value grade of D. DRS has seen stronger estimate revision activity and sports more attractive valuation metrics than HEI, so it seems like value investors will conclude that DRS is the superior option right now. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
044947ca-a7be-4a90-8acf-157b6bd73401
|
711275.0
|
2023-12-15 00:00:00 UTC
|
HAE vs. SYK: Which Stock Is the Better Value Option?
|
DCOMP
|
https://www.nasdaq.com/articles/hae-vs.-syk%3A-which-stock-is-the-better-value-option-2
|
nan
|
nan
|
Investors with an interest in Medical - Products stocks have likely encountered both Haemonetics (HAE) and Stryker (SYK). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, Haemonetics has a Zacks Rank of #2 (Buy), while Stryker has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that HAE has an improving earnings outlook. However, value investors will care about much more than just this.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
HAE currently has a forward P/E ratio of 22.92, while SYK has a forward P/E of 27.88. We also note that HAE has a PEG ratio of 2.29. 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. SYK currently has a PEG ratio of 2.77.
Another notable valuation metric for HAE is its P/B ratio of 5.06. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, SYK has a P/B of 6.16.
These metrics, and several others, help HAE earn a Value grade of B, while SYK has been given a Value grade of C.
HAE has seen stronger estimate revision activity and sports more attractive valuation metrics than SYK, so it seems like value investors will conclude that HAE is the superior option right now.
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
Haemonetics Corporation (HAE) : Free Stock Analysis Report
Stryker Corporation (SYK) : 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.
|
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
|
The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Currently, Haemonetics has a Zacks Rank of #2 (Buy), while Stryker has a Zacks Rank of #3 (Hold). Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report Stryker Corporation (SYK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. These metrics, and several others, help HAE earn a Value grade of B, while SYK has been given a Value grade of C. HAE has seen stronger estimate revision activity and sports more attractive valuation metrics than SYK, so it seems like value investors will conclude that HAE is the superior option right now. Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report Stryker Corporation (SYK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Currently, Haemonetics has a Zacks Rank of #2 (Buy), while Stryker has a Zacks Rank of #3 (Hold). SYK currently has a PEG ratio of 2.77. These metrics, and several others, help HAE earn a Value grade of B, while SYK has been given a Value grade of C. HAE has seen stronger estimate revision activity and sports more attractive valuation metrics than SYK, so it seems like value investors will conclude that HAE is the superior option right now.
|
b4e67923-e2e1-4cd0-a22f-e047285bbd46
|
711276.0
|
2023-12-15 00:00:00 UTC
|
SPYV, FEPI: Big ETF Inflows
|
DCOMP
|
https://www.nasdaq.com/articles/spyv-fepi%3A-big-etf-inflows
|
nan
|
nan
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Portfolio S&P 500 Value ETF, which added 91,250,000 units, or a 21.6% increase week over week. Among the largest underlying components of SPYV, in morning trading today Microsoft is up about 0.5%, and Meta Platforms is up by about 2.5%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the FEPI ETF, which added 75,000 units, for a 37.5% increase in outstanding units.
VIDEO: SPYV, FEPI: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of SPYV, in morning trading today Microsoft is up about 0.5%, and Meta Platforms is up by about 2.5%. And on a percentage change basis, the ETF with the biggest increase in inflows was the FEPI ETF, which added 75,000 units, for a 37.5% increase in outstanding units. VIDEO: SPYV, FEPI: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Portfolio S&P 500 Value ETF, which added 91,250,000 units, or a 21.6% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the FEPI ETF, which added 75,000 units, for a 37.5% increase in outstanding units. VIDEO: SPYV, FEPI: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Portfolio S&P 500 Value ETF, which added 91,250,000 units, or a 21.6% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the FEPI ETF, which added 75,000 units, for a 37.5% increase in outstanding units. VIDEO: SPYV, FEPI: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Portfolio S&P 500 Value ETF, which added 91,250,000 units, or a 21.6% increase week over week. Among the largest underlying components of SPYV, in morning trading today Microsoft is up about 0.5%, and Meta Platforms is up by about 2.5%. And on a percentage change basis, the ETF with the biggest increase in inflows was the FEPI ETF, which added 75,000 units, for a 37.5% increase in outstanding units.
|
77664ac7-9403-4c7a-a12b-c09380bd02c4
|
711277.0
|
2023-12-15 00:00:00 UTC
|
MDV or ESS: Which Is the Better Value Stock Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/mdv-or-ess%3A-which-is-the-better-value-stock-right-now-0
|
nan
|
nan
|
Investors interested in REIT and Equity Trust - Residential stocks are likely familiar with Modiv Industrial, Inc. (MDV) and Essex Property Trust (ESS). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, Modiv Industrial, Inc. has a Zacks Rank of #1 (Strong Buy), while Essex Property Trust has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that MDV has an improving earnings outlook. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
MDV currently has a forward P/E ratio of 11.31, while ESS has a forward P/E of 16.30. We also note that MDV has a PEG ratio of 2.26. 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. ESS currently has a PEG ratio of 2.85.
Another notable valuation metric for MDV is its P/B ratio of 0.47. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ESS has a P/B of 2.76.
These metrics, and several others, help MDV earn a Value grade of B, while ESS has been given a Value grade of D.
MDV is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that MDV is likely the superior value option right now.
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
Modiv Industrial, Inc. (MDV) : Free Stock Analysis Report
Essex Property Trust, Inc. (ESS) : 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.
|
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
|
The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Currently, Modiv Industrial, Inc. has a Zacks Rank of #1 (Strong Buy), while Essex Property Trust has a Zacks Rank of #3 (Hold). Click to get this free report Modiv Industrial, Inc. (MDV) : Free Stock Analysis Report Essex Property Trust, Inc. (ESS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that MDV has an improving earnings outlook. These metrics, and several others, help MDV earn a Value grade of B, while ESS has been given a Value grade of D. MDV is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. Click to get this free report Modiv Industrial, Inc. (MDV) : Free Stock Analysis Report Essex Property Trust, Inc. (ESS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Currently, Modiv Industrial, Inc. has a Zacks Rank of #1 (Strong Buy), while Essex Property Trust has a Zacks Rank of #3 (Hold). Another notable valuation metric for MDV is its P/B ratio of 0.47. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
5770e0fe-324c-40e8-83f3-78d00a951667
|
711278.0
|
2023-12-15 00:00:00 UTC
|
Bristol Myers (BMY) Stops Late-Stage Colorectal Cancer Study
|
DCOMP
|
https://www.nasdaq.com/articles/bristol-myers-bmy-stops-late-stage-colorectal-cancer-study
|
nan
|
nan
|
Bristol Myers Squibb BMY suffered a setback as it decided to discontinue the late-stage study RELATIVITY-123.
This phase III randomized, open-label, multi-center trial was evaluating the fixed-dose combination of Opdivo (nivolumab) and relatlimab compared with Stivarga (regorafenib) or trifluridine plus tipiracil (TAS-102) in approximately 700 adult patients with microsatellite stable (“MSS”) metastatic colorectal cancer whose disease has progressed following at least one but no more than four prior lines of therapy for metastatic disease.
Based on a planned analysis conducted by an independent data monitoring committee, the study was discontinued as it was unlikely to meet its primary endpoints upon completion.
Bristol Myers, however, stated that the recommendation to stop the study was not based on safety concerns. The safety profile was consistent with previously reported studies of the fixed-dose combination of nivolumab and relatlimab.
While there are advanced treatments available for patients with microsatellite instability-high/deficient mismatch repair colorectal cancers, patients with MSS tumors continue to have limited treatment options in later lines of therapy.
Nevertheless, the company continues to evaluate the fixed-dose combination of nivolumab and relatlimab as a treatment for other tumor types as planned.
We remind investors that the combination of nivolumab and relatlimab is approved under the brand name Odualag for the treatment of adult and pediatric patients 12 years of age or older with unresectable or metastatic melanoma in the United States.
The discontinuation of the RELATIVITY-123 study will not impact this approved indication.
Relatlimab, a lymphocyte-activation gene 3-blocking antibody, is also being evaluated in clinical trials in combination with other agents in a variety of tumor types.
BMY shares have lost 29.1% year to date compared with the industry's decline of 17.6%.
Image Source: Zacks Investment Research
The approval of additional new drugs and the label expansion of existing ones is essential for the firm as it looks to diversify its product base and offset the slowdown in top-line growth as blockbuster multiple myeloma drug Revlimid and blood thinner medicine Eliquis face generic competition.
Bristol Myers and partner 2seventy bio, Inc. TSVT recently faced a setback when the FDA informed the companies that the regulatory body would not be able to give a decision on the supplemental Biologics License Application (“sBLA”) for Abecma (idecabtagene vicleucel) by the original target date of Dec 16, 2023.
The sBLA is seeking approval of Abecma for earlier lines of triple-class exposed relapsed or refractory multiple myeloma based on results from the phase III KarMMa-3 study.
Both companies announced that the FDA’s Oncologic Drugs Advisory Committee (“ODAC”) will meet to review data supporting the sBLA for Abecma. However, the FDA has not yet confirmed the date of the ODAC meeting.
Bristol Myers Squibb and 2seventy bio also plan to discuss with the FDA and participate in the ODAC meeting to reinforce the potential of Abecma to deliver significantly improved outcomes in patients with triple-class exposed relapsed or refractory multiple myeloma in earlier lines of treatment.
The company recently obtained FDA’s approval for repotrectinib, a tyrosine kinase inhibitor targeting ROS1 oncogenic fusions, for the treatment of adult patients with locally advanced or metastatic ROS1-positive non-small cell lung cancer under the brand name Augtyro.
While the firm's recent steps to boost its portfolio are encouraging, it needs to continue making efforts to offset the decline in Revlimid and Eliquis revenues.
Opdivo maintains momentum for the company and new drugs like Opdulag have witnessed robust uptake, too, but the loss of Revlimid revenues will weigh on the top line.
Zacks Rank and Stocks to Consider
BMY currently has a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the overall healthcare sector are Entrada Therapeutics TRDA and Dynavax Technologies DVAX. TRDA sports a Zacks Rank #1 (Strong Buy) and DVAX carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Entrada’s loss per share estimate for 2023 has narrowed from $2.07 to 9 cents in the past 60 days. The same for 2024 has narrowed from $2.35 to $2.04 during the same time frame.
Dynavax’s loss per share estimate for 2023 has narrowed from 23 cents to 12 cents in the past 30 days. Earnings estimate for 2024 rose from 3 cents to 18 cents during the same period. Shares of DVAX have gained 28.4% year to date.
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
Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report
Dynavax Technologies Corporation (DVAX) : Free Stock Analysis Report
Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report
2seventy bio, Inc. (TSVT) : 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.
|
Bristol Myers and partner 2seventy bio, Inc. TSVT recently faced a setback when the FDA informed the companies that the regulatory body would not be able to give a decision on the supplemental Biologics License Application (“sBLA”) for Abecma (idecabtagene vicleucel) by the original target date of Dec 16, 2023. Bristol Myers Squibb and 2seventy bio also plan to discuss with the FDA and participate in the ODAC meeting to reinforce the potential of Abecma to deliver significantly improved outcomes in patients with triple-class exposed relapsed or refractory multiple myeloma in earlier lines of treatment. The company recently obtained FDA’s approval for repotrectinib, a tyrosine kinase inhibitor targeting ROS1 oncogenic fusions, for the treatment of adult patients with locally advanced or metastatic ROS1-positive non-small cell lung cancer under the brand name Augtyro.
|
The sBLA is seeking approval of Abecma for earlier lines of triple-class exposed relapsed or refractory multiple myeloma based on results from the phase III KarMMa-3 study. Bristol Myers Squibb and 2seventy bio also plan to discuss with the FDA and participate in the ODAC meeting to reinforce the potential of Abecma to deliver significantly improved outcomes in patients with triple-class exposed relapsed or refractory multiple myeloma in earlier lines of treatment. Click to get this free report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Dynavax Technologies Corporation (DVAX) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report 2seventy bio, Inc. (TSVT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This phase III randomized, open-label, multi-center trial was evaluating the fixed-dose combination of Opdivo (nivolumab) and relatlimab compared with Stivarga (regorafenib) or trifluridine plus tipiracil (TAS-102) in approximately 700 adult patients with microsatellite stable (“MSS”) metastatic colorectal cancer whose disease has progressed following at least one but no more than four prior lines of therapy for metastatic disease. Bristol Myers Squibb and 2seventy bio also plan to discuss with the FDA and participate in the ODAC meeting to reinforce the potential of Abecma to deliver significantly improved outcomes in patients with triple-class exposed relapsed or refractory multiple myeloma in earlier lines of treatment. Click to get this free report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Dynavax Technologies Corporation (DVAX) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report 2seventy bio, Inc. (TSVT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This phase III randomized, open-label, multi-center trial was evaluating the fixed-dose combination of Opdivo (nivolumab) and relatlimab compared with Stivarga (regorafenib) or trifluridine plus tipiracil (TAS-102) in approximately 700 adult patients with microsatellite stable (“MSS”) metastatic colorectal cancer whose disease has progressed following at least one but no more than four prior lines of therapy for metastatic disease. Entrada’s loss per share estimate for 2023 has narrowed from $2.07 to 9 cents in the past 60 days. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
bd5ef593-a1a4-4508-8a43-54ee6505262e
|
711279.0
|
2023-12-15 00:00:00 UTC
|
2 Potential AI Stock-Split Stocks to Keep an Eye On in the New Year
|
DCOMP
|
https://www.nasdaq.com/articles/2-potential-ai-stock-split-stocks-to-keep-an-eye-on-in-the-new-year
|
nan
|
nan
|
2023 has been the year of artificial intelligence (AI) stocks. The launch of OpenAI's ChatGPT in late 2022 set off a new race to harness generative AI technologies, which some tech CEOs think could be as transformative as the internet has been over the past three decades.
Stock splits, meanwhile, continue to get attention from investors after nearly every big tech stock split its shares in 2021 and 2022, including Tesla, Apple, Alphabet, Amazon, Nvidia (NASDAQ: NVDA), and Shopify. Stock splits don't do anything to change the fundamentals of a stock. They just divide the metaphorical pie into more pieces. Investors still own the same percentage of the company as before. However, stock splits tend to excite investors because they act as something of a milestone for a stock, signaling that the price has reached a certain level and can now be reset.
There's also evidence that stocks that have split their shares outperform the rest of the market. That could be a result of the momentum in the business that led to the stock split in the first place or investor reaction to the split.
As we look ahead to 2024, we could see another wave of stock splits from big tech stocks as the Nasdaq Composite is up more than 41% year-to-date. Let's examine two AI stocks that could split their shares next year.
Image source: Getty Images.
1. Broadcom: A networking technology leader
Broadcom (NASDAQ: AVGO) has quietly become one of the biggest stocks on the market thanks, in part, to a series of acquisitions, including VMware earlier this month, and strong organic growth. Broadcom's market cap is above $500 billion, and the stock has doubled this year as investors see the company as one of the winners in the AI boom.
Its overall growth is still slow due to the downturn in the semiconductor sector. However, the company is seeing AI demand emerge as a key growth driver.
On the earnings call, CEO Hock Tan said generative AI revenue, driven by ethernet solutions and custom AI accelerators, made up nearly $1.5 billion in revenue in the quarter, or roughly 20% of semiconductor revenue. In fiscal 2024, it expects generative AI revenue to make up 25% of semiconductor revenue, up from 15% in 2023. Combined with modest growth in semiconductor revenue, that implies generative AI revenue will nearly double in the current fiscal year.
Broadcom shares now trade at more than $1,100 a share. The stock has never had a split before but now has one of the highest share prices on the S&P 500. While the company hasn't given any indication that it would split its shares, it fits the criteria of a company that would, though there's no rule mandating stock splits.
2. Nvidia: The AI chip kingpin
No other stock has been a bigger winner from the AI boom than Nvidia. Its graphics processing units (GPUs) and accelerators have been in high demand from cloud infrastructure companies and others looking to scale up and build capacity for AI applications.
Nvidia shares have more than tripled this year, and the company's recent results indicate no signs of slowing down for the business as its AI capabilities are unmatched. Revenue jumped 206% in its third quarter to $18.12 billion, and adjusted earnings per share was up nearly 500% from a year ago. The company expects revenue to improve for the fourth quarter to around $20 billion from $18.1 billion in the third quarter.
Nvidia stock is now hovering near $500/share, close to the $560/share it was trading at when it announced a stock split in 2021. A stock split would make sense for Nvidia, especially since the stock seems poised to continue delivering blowout growth and expanding its margins. While there hasn't been an indication that Nvidia will split its stock next year, there's a good chance that another stock split will happen if Nvidia shares keep moving higher.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Jeremy Bowman has positions in Amazon, Broadcom, and Shopify. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Nvidia, Shopify, and Tesla. The Motley Fool recommends Broadcom and Nasdaq. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The launch of OpenAI's ChatGPT in late 2022 set off a new race to harness generative AI technologies, which some tech CEOs think could be as transformative as the internet has been over the past three decades. Its graphics processing units (GPUs) and accelerators have been in high demand from cloud infrastructure companies and others looking to scale up and build capacity for AI applications. Nvidia shares have more than tripled this year, and the company's recent results indicate no signs of slowing down for the business as its AI capabilities are unmatched.
|
Stock splits, meanwhile, continue to get attention from investors after nearly every big tech stock split its shares in 2021 and 2022, including Tesla, Apple, Alphabet, Amazon, Nvidia (NASDAQ: NVDA), and Shopify. In fiscal 2024, it expects generative AI revenue to make up 25% of semiconductor revenue, up from 15% in 2023. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Nvidia, Shopify, and Tesla.
|
Stock splits, meanwhile, continue to get attention from investors after nearly every big tech stock split its shares in 2021 and 2022, including Tesla, Apple, Alphabet, Amazon, Nvidia (NASDAQ: NVDA), and Shopify. While there hasn't been an indication that Nvidia will split its stock next year, there's a good chance that another stock split will happen if Nvidia shares keep moving higher. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
|
Stock splits, meanwhile, continue to get attention from investors after nearly every big tech stock split its shares in 2021 and 2022, including Tesla, Apple, Alphabet, Amazon, Nvidia (NASDAQ: NVDA), and Shopify. Let's examine two AI stocks that could split their shares next year. Broadcom's market cap is above $500 billion, and the stock has doubled this year as investors see the company as one of the winners in the AI boom.
|
b98809a6-47ba-454c-92e3-6806c4cd167b
|
711280.0
|
2023-12-15 00:00:00 UTC
|
Gibraltar (ROCK) Hits 52-Week High: What's Driving the Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/gibraltar-rock-hits-52-week-high%3A-whats-driving-the-stock
|
nan
|
nan
|
Gibraltar Industries, Inc. ROCK crafts a new 52-week high of $78.46 on Dec 15, 2023. The stock pulled back to end the trading session at $78.28.
Shares of this Zacks Rank #2 (Buy) company have gained 70.7% year to date, outperforming the Zacks Building Products - Miscellaneous industry’s 55.8% rally. The stock has fared better than the Zacks Construction sector and the S&P 500 Index’s 48.1% and 23.5% rallies, respectively.
The price surge was probably due to the news related to the Fed’s decision to keep the interest rate steady, which points to an increasingly optimistic for the construction sector. Notably, as the inflation rate displays indications of easing and the economy remains stable, the Federal Open Market Committee's unanimous decision to sustain the benchmark within a targeted range of 5.25%-5.5% offers stability for homebuilders. Furthermore, members of the Federal Open Market Committee have suggested the possibility of rate cuts in the upcoming year.
Image Source: Zacks Investment Research
This civil infrastructure company has also been riding high on the back of solid demand for infrastructure services throughout end markets in both private and public sectors.
Notably, ROCK’s earnings estimates for 2024 have moved north to $4.63 per share from $4.56 over the past 30 days, depicting analysts’ optimism over the company’s prospects. This bullish trend justifies the stock’s addition to investors’ portfolios. Again, it carries an impressive VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum.
Will the Bull Run Continue?
Favorable Macro Scenario: The company’s business prospects are highly correlated with the U.S. housing market conditions and the R&R activity. Prospects of residential construction look good, given the recent Fed’s decision. The lack of existing homes for sale, improving mortgage rate scenario, along with Fed’s decision to keep the interest rate steady point to an increasingly optimistic residential construction market as we head to 2024.
Solid Public Infrastructural Spending: The company and its peers are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments. The U.S. administration’s endeavor to rebuild the nation’s deteriorating roads and bridges and fund new climate resilience and broadband initiatives is expected to aid ROCK.
Strategies: Gibraltar is progressing well, both operationally and financially, on the back of its growth strategy. The company’s Three-Pillar Strategy is mainly focused on three core tenets: Business Systems, Portfolio Management and Organizational Development. The company continues to accelerate the implementation of three pillars through portfolio management initiatives, improvement of the business system and strengthening of the organization.
Higher Return on Equity (ROE): The company’s trailing 12-month ROE is 14.5%, higher than the industry’s 11.2%. This implies that the company is getting more efficient at creating profits and increasing shareholders’ value with respect to its industry.
Other Key Picks
Here are some other top-ranked stocks from the same sector.
EMCOR Group, Inc. EME presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
It has a trailing four-quarter earnings surprise of 25%, on average. Shares of EME have gained 47.5% in the past year. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates an improvement of 12% and 52.8%, respectively, from the prior-year levels.
M-tron Industries, Inc. MPTI currently sports a Zacks Rank of 1. MPTI delivered a trailing four-quarter earnings surprise of 35.6%, on average. It has surged 217.1% in the past year.
The Zacks Consensus Estimate for MPTI’s 2023 sales and EPS indicates growth of 30.6% and 156.7%, respectively, from the previous year.
Willdan Group, Inc. WLDN currently sports a Zacks Rank of 1. WLDN delivered a trailing four-quarter earnings surprise of a whopping 850.6%, on average. The stock has gained 13% in the past year.
The Zacks Consensus Estimate for WLDN’s 2023 sales and EPS indicates growth of 14.1% and 47.7%, respectively, from a year ago.
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
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report
Willdan Group, Inc. (WLDN) : Free Stock Analysis Report
M-tron Industries, Inc. (MPTI) : 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 price surge was probably due to the news related to the Fed’s decision to keep the interest rate steady, which points to an increasingly optimistic for the construction sector. Notably, as the inflation rate displays indications of easing and the economy remains stable, the Federal Open Market Committee's unanimous decision to sustain the benchmark within a targeted range of 5.25%-5.5% offers stability for homebuilders. The U.S. administration’s endeavor to rebuild the nation’s deteriorating roads and bridges and fund new climate resilience and broadband initiatives is expected to aid ROCK.
|
The lack of existing homes for sale, improving mortgage rate scenario, along with Fed’s decision to keep the interest rate steady point to an increasingly optimistic residential construction market as we head to 2024. EMCOR Group, Inc. EME presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Shares of this Zacks Rank #2 (Buy) company have gained 70.7% year to date, outperforming the Zacks Building Products - Miscellaneous industry’s 55.8% rally. Image Source: Zacks Investment Research This civil infrastructure company has also been riding high on the back of solid demand for infrastructure services throughout end markets in both private and public sectors. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research This civil infrastructure company has also been riding high on the back of solid demand for infrastructure services throughout end markets in both private and public sectors. EMCOR Group, Inc. EME presently sports a Zacks Rank #1 (Strong Buy). M-tron Industries, Inc. MPTI currently sports a Zacks Rank of 1.
|
13ef9838-90be-475b-9314-0a3085a75d0d
|
711281.0
|
2023-12-15 00:00:00 UTC
|
Progressive (PGR) November Earnings Rise Y/Y on Higher Premiums
|
DCOMP
|
https://www.nasdaq.com/articles/progressive-pgr-november-earnings-rise-y-y-on-higher-premiums
|
nan
|
nan
|
The Progressive Corporation PGR reported earnings per share of $1.15 for November 2023, up 53.3% year over year. The improvement stemmed from higher revenues, partially offset by an increase in expenses.
November Numbers in Detail
Progressive recorded net premiums written of $4.7 billion, up 27.7% from $3.7 billion in the year-ago month. Net premiums earned were about $5.1 billion, up 27.3% from $4 billion reported in the year-ago month.
Net realized gain on securities was $246.5 million, up 24.4% year over year.
Combined ratio — the percentage of premiums paid out as claims and expenses — improved 110 basis points (bps) year over year to 91.1.
PGR’s operating revenues were $5.4 billion, improving 27.9% year over year, owing to a 27.3% increase in premiums, a 51% jump in investment income, 18.2% increase in service fees and 25.3% higher fees.
Total expenses increased 25.6% to $4.8 billion, largely due to 28.9% higher losses and loss adjustment expenses, 7.4% higher other underwriting expenses and 22.9% higher policy acquisition costs.
In November, policies in force (PIF) were impressive for both Vehicle and Property businesses. In its Vehicle business, the Personal Auto segment’s PIF increased 9% year over year to 19.4 million. Special Lines increased 7% from the year-earlier month to 6 million policies.
In Progressive’s Personal Auto segment, Agency Auto PIF increased 10% to 11.1 million, while Direct Auto improved 8% to 8.3 million.
PGR’s Commercial Auto segment rose 5% year over year to 1.1 million policies. The Property business had 3 million policies in force in the reported month, up 8% year over year.
The company’s book value per share was $31.69 as of Nov 30, 2023, up 20.1% from $26.39 on Nov 30, 2022.
In the trailing 12 months, the return on equity was 20.3%, having contracted 830 bps from 28.6% in November 2022. The debt-to-total-capital ratio improved 220 bps year over year to 26.6 as of Nov 30, 2023.
Price Performance
Progressive’s shares have gained 20.7% year to date (YTD) compared with the industry’s growth of 14.3%.
Image Source: Zacks Investment Research
Zacks Rank
Progressive currently has a Zacks Rank #2 (Buy).
Other Stocks to Consider
Some other top-ranked stocks from the same space are CNA Financial Corporation CNA, Berkshire Hathaway (BRK.B) and Chubb Limited CB.
CNA Financial delivered a trailing four-quarter average earnings surprise of 9.24%. The stock has gained 2.1% year to date. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CNA’s 2023 and 2024 earnings indicates a year-over-year increase of 14.8% and 7.4%, respectively. The expected long-term earnings growth is 5%. The consensus estimate for 2023 and 2024 earnings has moved up 2.6% and 6.5%, respectively, in the past 60 days.
Berkshire delivered a trailing four-quarter average earnings surprise of 0.20%. YTD, the stock has gained 18.8%. It carries a Zacks Rank #2.
The Zacks Consensus Estimate for BRK.B’s 2023 and 2024 earnings indicates a year-over-year increase of 17.1% and 11.1%, respectively. The expected long-term earnings growth rate is 7%. The consensus estimate for BRK.B’s 2023 and 2024 earnings has moved up 0.8% and 0.9%, respectively, in the past 30 days.
Chubb’s earnings surpassed estimates in three of the last four quarters while missing in one, the average being 6.51%. YTD, the stock has gained 3.8%. It currently carries Zacks Rank #2
The Zacks Consensus Estimate for CB’s 2023 and 2024 earnings implies a year-over-year rise of 25.9% and 7.4%, respectively. The expected long-term earnings growth rate is 10%. The consensus estimate for CB’s 2023 and 2024 earnings has moved up 4.4% and 3.3%, respectively, in the past 60 days.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chubb Limited (CB) : Free Stock Analysis Report
Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report
The Progressive Corporation (PGR) : Free Stock Analysis Report
CNA Financial Corporation (CNA) : 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 November, policies in force (PIF) were impressive for both Vehicle and Property businesses. Price Performance Progressive’s shares have gained 20.7% year to date (YTD) compared with the industry’s growth of 14.3%. 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 its Vehicle business, the Personal Auto segment’s PIF increased 9% year over year to 19.4 million. Other Stocks to Consider Some other top-ranked stocks from the same space are CNA Financial Corporation CNA, Berkshire Hathaway (BRK.B) and Chubb Limited CB. Click to get this free report Chubb Limited (CB) : Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Progressive Corporation PGR reported earnings per share of $1.15 for November 2023, up 53.3% year over year. Image Source: Zacks Investment Research Zacks Rank Progressive currently has a Zacks Rank #2 (Buy). Click to get this free report Chubb Limited (CB) : Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Progressive Corporation PGR reported earnings per share of $1.15 for November 2023, up 53.3% year over year. Price Performance Progressive’s shares have gained 20.7% year to date (YTD) compared with the industry’s growth of 14.3%. Chubb’s earnings surpassed estimates in three of the last four quarters while missing in one, the average being 6.51%.
|
9d8808de-e647-4f00-84f8-51ba13adcb44
|
711282.0
|
2023-12-15 00:00:00 UTC
|
General Motors (GM) to Dismiss 1,300 Workers in Michigan
|
DCOMP
|
https://www.nasdaq.com/articles/general-motors-gm-to-dismiss-1300-workers-in-michigan
|
nan
|
nan
|
General Motors Company GM is set to lay off 1,300 workers in two of its Michigan plants as it discontinues the production of Chevrolet Camaro and Chevrolet Bolt.
Among 1,300 workers, 945 are employed at Orion Assembly, which manufactures Chevrolet Bolt models. The production of the models is scheduled to end on Dec 18, 2023, but the layoff will not commence until Jan 1, 2024.
GM plans to retool Orian to manufacture electric trucks, including Chevrolet Silverado EV and GMC Sierra EV. The plant will be ready for production in late 2025.
The automaker plans to dismiss 369 workers from the Lansing Grand River Assembly/Stamping plant, which currently produces the Chevrolet Camaro. Due to the end of Camaro production, 350 workers will be affected starting from Jan 2, 2024. The impacted workers will have job opportunities per the United Auto Workers & General Motors National Agreement.
Per Kevin Kelly, senior director for corporate news relations of GM, the automaker will extend opportunities to affected Orion workers at other Michigan plants. All other salaried employees will be placed in different internal roles.
Amidst UAW strike-related disruptions, GM withdrew and later reinstated profit guidance, projecting a year-over-year decline due to labor issues. The company initially aimed for adjusted EBIT in the $12-$14 billion range for this year, down from $14.5 billion in 2022. However, it now expects 2023 adjusted EBIT within $11.7-$12.7 billion due to costs associated with the UAW strike.
The new contract with UAW will raise labor costs significantly. GM is also retracting its near-term targets for electric vehicles due to slower-than-expected demand.
Zacks Rank & Key Picks
GM currently carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, sporting Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 70.6%, respectively. The EPS estimates for 2023 and 2024 have increased 8 cents and 7 cents, respectively, in the past seven days.
The Zacks Consensus Estimate for RNLSY’s 2023 sales and earnings indicates year-over-year growth of 4.5% and 128.1%, respectively. The EPS estimate for 2024 has increased 2 cents in the past 60 days.
The Zacks Consensus Estimate for BYDDY’s 2023 sales and earnings indicates year-over-year growth of 34.2% and 74.7%, respectively. The EPS estimates for 2023 and 2024 have increased 59 cents and 55 cents, respectively, in the past 60 days.
Zacks 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
AB Volvo (VLVLY) : Free Stock Analysis Report
RENAULT (RNLSY) : Free Stock Analysis Report
Byd Co., Ltd. (BYDDY) : 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.
|
Per Kevin Kelly, senior director for corporate news relations of GM, the automaker will extend opportunities to affected Orion workers at other Michigan plants. Amidst UAW strike-related disruptions, GM withdrew and later reinstated profit guidance, projecting a year-over-year decline due to labor issues. Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, sporting Zacks Rank #1 (Strong Buy) at present.
|
Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, sporting Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 70.6%, respectively. Click to get this free report General Motors Company (GM) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
General Motors Company GM is set to lay off 1,300 workers in two of its Michigan plants as it discontinues the production of Chevrolet Camaro and Chevrolet Bolt. Zacks Rank & Key Picks GM currently carries a Zacks Rank #3 (Hold). Click to get this free report General Motors Company (GM) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
General Motors Company GM is set to lay off 1,300 workers in two of its Michigan plants as it discontinues the production of Chevrolet Camaro and Chevrolet Bolt. However, it now expects 2023 adjusted EBIT within $11.7-$12.7 billion due to costs associated with the UAW strike. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
b3cda56e-0df6-4b8d-b450-560eebfdea37
|
711283.0
|
2023-12-15 00:00:00 UTC
|
AUM Growth and Acquisitions Aid Federated (FHI), High Costs Ail
|
DCOMP
|
https://www.nasdaq.com/articles/aum-growth-and-acquisitions-aid-federated-fhi-high-costs-ail
|
nan
|
nan
|
Federated Hermes, Inc.’s FHI continued strategic acquisition of money market assets supports assets under management (AUM) growth. However, escalating expenses and stringent regulations are likely to affect its performance. Significant dependence on net investment advisory fees and a rise in fee waivers are worrisome.
Acquiring money market assets depicts the buoyancy of Federated in the money market business, particularly under the prevailing pressure for money market funds amid stringent regulations. Increased money market AUM will furnish the company with various new fund offerings that would benefit its clients.
In the last few years, FHI has inked strategic deals and thereby expanded operations in strategic markets. The buyout of C.W. Henderson and Associates, Inc. expands its separately managed account business. Its inorganic growth efforts are expected to drive average AUM. Our estimate for average AUM reflects year-over-year increase of 9.5%, 0.5% and 7.6% in 2023, 2024 and 2025, respectively.
Given Federated’s robust balance sheet, its capital distributions seem sustainable. The company had a share repurchase plan in place of up to 5 million shares. As of Sep 30, 2023, 1.4 million shares remained under the current authorization. Further, in October 2023, it authorized an additional share repurchase program of up to 5 million shares with no expiration date.
Apart from share buybacks, the company has regularly paid dividends since its initial public offering in 1998. It also pays special dividends, the latest being $1 per share paid in 2020. Also, in April 2023, the company sequentially hiked its quarterly dividend by 3.7% to 28 cents per share. These are likely to increase shareholder value and boost investor confidence in the stock.
However, Federated’s rising expenses over the years are concerning. Going forward, any expected increase in distribution expenses and new hires might escalate the cost base, hindering bottom-line growth. Also, as the company operates in a strictly regulated investment management business, it runs the risk of any increase in compliance-related fees. Our estimate for total expenses indicates an 11.3% rise in 2023.
FHI has been waiving fees in some money market funds to enable certain funds to maintain positive or zero net yields with the pace of such waivers rising of late. While the company indicated that higher short-term rates would benefit money market funds beyond waiver relief, we believe that the ongoing acceleration in waived fees might affect the company’s top-line performance in the near term.
Net investment advisory fees contributed a substantial portion to the total revenues of Federated, comprising 68.7% in the third quarter of 2023. Significant fluctuations in the fair value of securities held by, or the level of redemptions from, the funds or other products advised by the company may materially affect the amount of managed assets, thus posing a hindrance to its revenues and profitability.
Shares of this Zacks Rank #3 (Hold) company have lost 12.1% in the past six months against the industry’s 16.9% growth.
Image Source: Zacks Investment Research
Finance Stocks Worth a Look
A couple of better-ranked stocks from the finance space are Capital Southwest CSWC and Janus Henderson Group Plc JHG. Both companies currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CSWC’s earnings estimates for fiscal 2023 have been revised 2.7% upward over the past 60 days. In the past three months, its shares have risen 2.9%.
The Zacks Consensus Estimate for JHG’s current-year earnings has been revised 1.3% upward over the past 30 days. Its shares have gained 6.9% in the past three months.
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
Janus Henderson Group plc (JHG) : Free Stock Analysis Report
Capital Southwest Corporation (CSWC) : Free Stock Analysis Report
Federated Hermes, Inc. (FHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Also, as the company operates in a strictly regulated investment management business, it runs the risk of any increase in compliance-related fees. Significant fluctuations in the fair value of securities held by, or the level of redemptions from, the funds or other products advised by the company may materially affect the amount of managed assets, thus posing a hindrance to its revenues 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%.
|
Federated Hermes, Inc.’s FHI continued strategic acquisition of money market assets supports assets under management (AUM) growth. Image Source: Zacks Investment Research Finance Stocks Worth a Look A couple of better-ranked stocks from the finance space are Capital Southwest CSWC and Janus Henderson Group Plc JHG. Click to get this free report Janus Henderson Group plc (JHG) : Free Stock Analysis Report Capital Southwest Corporation (CSWC) : Free Stock Analysis Report Federated Hermes, Inc. (FHI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Acquiring money market assets depicts the buoyancy of Federated in the money market business, particularly under the prevailing pressure for money market funds amid stringent regulations. While the company indicated that higher short-term rates would benefit money market funds beyond waiver relief, we believe that the ongoing acceleration in waived fees might affect the company’s top-line performance in the near term. Click to get this free report Janus Henderson Group plc (JHG) : Free Stock Analysis Report Capital Southwest Corporation (CSWC) : Free Stock Analysis Report Federated Hermes, Inc. (FHI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Federated Hermes, Inc.’s FHI continued strategic acquisition of money market assets supports assets under management (AUM) growth. The company had a share repurchase plan in place of up to 5 million shares. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
96eb3a56-2091-4376-a466-68cdf90b0c5a
|
711284.0
|
2023-12-15 00:00:00 UTC
|
1 Best Metaverse Stock to Buy in 2023 and Beyond
|
DCOMP
|
https://www.nasdaq.com/articles/1-best-metaverse-stock-to-buy-in-2023-and-beyond
|
nan
|
nan
|
With all the attention in the last year going to artificial intelligence (AI), investors understandably might have forgotten about the metaverse. However, keeping tabs on what's going on in the space is a good idea.
That's because businesses are working on advancing this technology. You are surely familiar with one of these.
If you're looking for a top metaverse stock to buy in 2023 and beyond, it's best not to overthink it. Consider adding Meta Platforms (NASDAQ: META) to your portfolio. Let's take a closer look.
Meta's big ambitions
Meta's Reality Labs division is where its metaverse operations reside. Consumers might know about the company's Oculus VR (virtual reality) headsets or Ray-Ban AR (augmented reality) smart sunglasses. Moreover, the segment has developed Horizon Worlds, which is a collection of digital realms where people can interact with each other in different ways and for different applications.
To demonstrate a use case, I remember Meta famously showing off something called Workrooms. This is similar to a video conference call, but people have avatars representing themselves in a virtual room. You can see how this could also find some success with gaming or fitness applications.
This all sounds exciting, but Reality Labs continues to burn through cash. Since the start of this year, operating losses have totaled a whopping $11.5 billion. This is even more discouraging when you consider that revenue through the first nine months in this segment totaled a measly $825 million. The leadership team expects losses next year to be even greater.
Meta critics don't hesitate to view this new focus as a waste of time, effort, and money. The strategic rationale makes sense, though. Founder and CEO Mark Zuckerberg wants to create a completely new internet platform that Meta owns and controls, which could lead to more advertising revenue capabilities.
Of course, the question with new technologies in the early stages is whether consumers actually find them useful. With the metaverse, time will ultimately tell. And with the ongoing rise of AI and the billions of dollars of investment in the space, it'll also be interesting to see how this technology mixes with the potential for the metaverse.
For what it's worth, Zuckerberg previously said his goal is to help bring 1 billion users into the metaverse, which seems like a lofty objective. But based on his track record of successfully building one of the world's most dominant companies in just the past couple of decades, it's hard to be totally pessimistic.
Strong foundation
If Reality Labs were its own independent corporation, I'm sure its share price would be down this year. Plus, it would likely have to raise fresh capital numerous times to fund operations.
Luckily, Meta has an extremely lucrative segment called the Family of Apps (FOA), which is a money printer. This division houses popular apps like Facebook, Instagram, WhatsApp, and Messenger, with 3.96 billion monthly active users combined. While already massive, this figure was up 7% year over year, indicating growth potential.
These apps generated $33.9 billion of revenue in the three-month period that ended Sept. 30. And the financial success here helped propel Meta to post a superb operating margin of 40% for the overall company.
It's safe to say that the business has the resources to continue investing in metaverse ambitions. Not to mention the ability to attract the brightest minds and best tech talent to work on these projects.
At a forward price-to-earnings ratio of 23.6, Meta stock doesn't look expensive, even after its huge run in 2023. Investors might rush to buy Meta for the thriving FOA segment, but the metaverse is a meaningful call option that could boost the upside over the long term.
Should you invest $1,000 in Meta Platforms right now?
Before you buy stock in Meta Platforms, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has nearly quadrupled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. 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.
|
Founder and CEO Mark Zuckerberg wants to create a completely new internet platform that Meta owns and controls, which could lead to more advertising revenue capabilities. But based on his track record of successfully building one of the world's most dominant companies in just the past couple of decades, it's hard to be totally pessimistic. Investors might rush to buy Meta for the thriving FOA segment, but the metaverse is a meaningful call option that could boost the upside over the long term.
|
Meta's big ambitions Meta's Reality Labs division is where its metaverse operations reside. Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Meta Platforms wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
|
Meta's big ambitions Meta's Reality Labs division is where its metaverse operations reside. Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Meta Platforms wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
|
And with the ongoing rise of AI and the billions of dollars of investment in the space, it'll also be interesting to see how this technology mixes with the potential for the metaverse. While already massive, this figure was up 7% year over year, indicating growth potential. Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Meta Platforms wasn't one of them.
|
4a3b7d04-77d4-4361-8bd8-130e5b729650
|
711285.0
|
2023-12-15 00:00:00 UTC
|
MUFG or BSAC: Which Is the Better Value Stock Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/mufg-or-bsac%3A-which-is-the-better-value-stock-right-now
|
nan
|
nan
|
Investors looking for stocks in the Banks - Foreign sector might want to consider either Mitsubishi UFJ (MUFG) or Banco Santander-Chile (BSAC). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, Mitsubishi UFJ has a Zacks Rank of #2 (Buy), while Banco Santander-Chile has a Zacks Rank of #5 (Strong Sell). Investors should feel comfortable knowing that MUFG likely has seen a stronger improvement to its earnings outlook than BSAC has recently. But this is just one factor that value investors are interested in.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
MUFG currently has a forward P/E ratio of 10.80, while BSAC has a forward P/E of 16.59. We also note that MUFG has a PEG ratio of 0.76. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. BSAC currently has a PEG ratio of 8.55.
Another notable valuation metric for MUFG is its P/B ratio of 0.75. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, BSAC has a P/B of 1.83.
Based on these metrics and many more, MUFG holds a Value grade of B, while BSAC has a Value grade of F.
MUFG is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that MUFG is likely the superior value option right now.
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
Mitsubishi UFJ Financial Group, Inc. (MUFG) : Free Stock Analysis Report
Banco Santander Chile (BSAC) : 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 best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. 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%.
|
Investors looking for stocks in the Banks - Foreign sector might want to consider either Mitsubishi UFJ (MUFG) or Banco Santander-Chile (BSAC). Currently, Mitsubishi UFJ has a Zacks Rank of #2 (Buy), while Banco Santander-Chile has a Zacks Rank of #5 (Strong Sell). Click to get this free report Mitsubishi UFJ Financial Group, Inc. (MUFG) : Free Stock Analysis Report Banco Santander Chile (BSAC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. Based on these metrics and many more, MUFG holds a Value grade of B, while BSAC has a Value grade of F. MUFG is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. Click to get this free report Mitsubishi UFJ Financial Group, Inc. (MUFG) : Free Stock Analysis Report Banco Santander Chile (BSAC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Currently, Mitsubishi UFJ has a Zacks Rank of #2 (Buy), while Banco Santander-Chile has a Zacks Rank of #5 (Strong Sell). Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. BSAC currently has a PEG ratio of 8.55.
|
275f9611-5c1b-4370-8885-d6104d64a74c
|
711286.0
|
2023-12-15 00:00:00 UTC
|
Reasons Why You Should Avoid Betting on Greif (GEF) Stock Now
|
DCOMP
|
https://www.nasdaq.com/articles/reasons-why-you-should-avoid-betting-on-greif-gef-stock-now
|
nan
|
nan
|
Greif GEF has failed to impress investors as it has been witnessing a decline in adjusted earnings over the past five quarters. This mainly reflects the downtrend in volumes, which is bearing the brunt of a demand decline, as customer spending remains muted amid inflationary pressures and high-interest rates. GEF’s results have also been negatively impacted by higher input costs.
The Zacks Rank #5 (Strong Sell) company has a market capitalization of $3 billion.
Price Performance
The company’s shares have lost 3.2% over the past year compared with the industry’s 0.2% decline.
Image Source: Zacks Investment Research
Let’s discuss the factors that are taking a toll on the company.
Greif’s net sales in the fourth quarter of fiscal 2023 totaled $1.3 billion. Sales were down 12.5% from the year-ago quarter. Adjusted earnings per share were $1.56, which marked a 15% decline year over year. This follows a 25.5% plunge in earnings in the third quarter of fiscal 2023. The company’s earnings growth rate has been negative since the fourth quarter of fiscal 2022.
In the Global Industrial Packaging segment, volume growth has been in the negative territory for the eighth quarter in a row. This reflects the overall contraction in the industrial sector. Demand in North America has weakened owing to muted domestic spending amid inflationary pressures and higher interest rates. The Global Industrial Packaging segment’s results have also been impacted by the divestiture of Flexible Products & Services business in the second quarter of 2022.
In the Paper Packaging and Services segment, demand remains soft across most key end markets, with continued weakness in textiles and paper cores, partially offset by strength in non-residential construction. Volumes have declined for the past six consecutive quarters.
This downtrend in volumes and lower selling prices have been weighing on the company’s top-line performance. GEF anticipates volumes in the Global Industrial Packaging segment to be flat in fiscal 2024. The Paper Packaging and Services segment’s volumes are expected to witness a minor improvement driven primarily by improving demand in containerboard.
Also, expecting the continuation of the ongoing price and cost trends for both businesses in fiscal 2024, Greif expects adjusted EBITDA to be around $585 million. This suggests a 29% plunge from the adjusted EBITDA of $819 million in fiscal 2023. Adjusted free cash flow is projected at around $200 million compared with $481 million reported in fiscal 2023.
Reflecting these headwinds, the Zacks Consensus Estimate for the company’s 2023 earnings has been revised 30% downward in the past 30 days. The consensus mark of earnings of $4.10 per share suggests a year-over-year decline of 33%.
Despite the odds, Crown Holdings’ focus on cost-rationalization measures, improving operational execution and capital discipline will help it sail through this uncertainty. Greif continues to make strategic acquisitions to expand its geographic reach and its product portfolio, which will aid growth.
Stocks to Consider
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS each carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 40% in a year.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 40% in a year.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS’ shares have gained 41% in the past year.
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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Greif, Inc. (GEF) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
This mainly reflects the downtrend in volumes, which is bearing the brunt of a demand decline, as customer spending remains muted amid inflationary pressures and high-interest rates. Demand in North America has weakened owing to muted domestic spending amid inflationary pressures and higher interest rates. Despite the odds, Crown Holdings’ focus on cost-rationalization measures, improving operational execution and capital discipline will help it sail through this uncertainty.
|
Stocks to Consider Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Reflecting these headwinds, the Zacks Consensus Estimate for the company’s 2023 earnings has been revised 30% downward in the past 30 days. Stocks to Consider Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Volumes have declined for the past six consecutive quarters. Stocks to Consider Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18.
|
96fdaaa7-383b-4ce6-91c1-a1393844c624
|
711287.0
|
2023-12-15 00:00:00 UTC
|
Here's Why You Must Buy W.R. Berkley (WRB) Stock Right Now
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-you-must-buy-w.r.-berkley-wrb-stock-right-now
|
nan
|
nan
|
W.R. Berkley Corporation’s WRB higher premiums, lower claim frequency in certain lines of businesses and sufficient liquidity make it worth adding to one’s portfolio.
Growth Projections
The Zacks Consensus Estimate for W.R. Berkley’s 2023 earnings is pegged at $4.80 per share, indicating a 9.5% increase from the year-ago reported figure on 9.9% higher revenues of $12.05 billion. The consensus estimate for 2024 earnings is pegged at $5.77 per share, indicating a 20.2% increase from the year-ago reported figure on 7.3% higher revenues of $12.94 billion.
Estimate Revision
The Zacks Consensus Estimate for 2023 and 2024 earnings has moved 0.2% and 0.5% north, respectively, in the past 30 days. This should instill investors' confidence in the stock.
Earnings Surprise History
WRB has a decent earnings surprise history. It surpassed earnings estimates in three of the last four quarters and missed in one, the average being 4.35%.
Zacks Rank & Price Performance
W.R. Berkley currently flaunts a Zacks Rank #1 (Strong Buy). In the past year, the stock has lost 1.9% against the industry’s rise of 14.3%.
Image Source: Zacks Investment Research
Style Score
W.R. Berkley has a VGM Score of B. The VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.
Back-tested results show that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best opportunities in the value investing space.
Business Tailwinds
The Insurance business of W.R. Berkley is well-poised to grow, given higher premiums from other liability, short-tail lines, workers' compensation, commercial automobile and professional liability.
Higher premiums at casualty reinsurance, property reinsurance and monoline excess are likely to drive the performance of the Reinsurance & Monoline Excess segment. Underwriting income should gain from the compounding rate improvement above loss cost trends, along with growth in exposure and lower claims frequency in certain lines of business.
WRB is one of the largest commercial line property and casualty insurance providers. It has a solid balance sheet, with sufficient liquidity and robust cash flows that support growth initiatives and effective capital deployment.
Net investment income has witnessed a CAGR of 5.4% in the past eight years (2015-2022). The combination of a high-quality fixed maturity portfolio, along with solid operating cash flow, enabled the insurer to invest at higher interest rates in the first nine months of 2023. The metric should continue to improve as WRB also invests in alternative assets, such as private equity funds and direct real estate opportunities.
WRB has an impressive Value Score of B, reflecting an attractive valuation of the stock.
W.R. Berkley has a solid balance sheet with sufficient liquidity and strong cash flows, given its operational strength. A strong capital position enables the nation’s largest commercial line property casualty insurance provider to deploy capital via share repurchases, special dividends and dividend hikes that enhance shareholders' value.
In December 2023, the board approved a special cash dividend of 50 cents per share. This, along with two more special dividends paid out in January and October 2023, will bring the year’s total to $1.50 per share. Its dividend yield of 0.6% is higher than the industry average of 0.3%.
Other Stocks to Consider
Some other top-ranked stocks from the property and casualty insurance industry are RLI Corp. RLI, Kinsale Capital Group, Inc. KNSL and Cincinnati Financial Corporation CINF, each carrying a Zacks Rank #2 each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RLI has a solid record of beating earnings estimates in three of the last four quarters and missing in one, the average being 145.76%. In the past year, RLI has gained 0.9%.
The Zacks Consensus Estimate for RLI’s 2023 and 2024 earnings per share is pegged at $4.80 and $5.56, indicating year-over-year increases of 2.3% and 15.8%, respectively.
Kinsale Capital has a solid track record of beating earnings estimates in each of the last trailing four quarters, the average being 14.25%. In the past year, KNSL has gained 28.9%.
The Zacks Consensus Estimate for KNSL’s 2023 and 2024 earnings per share is pegged at $12.06 and $14.72, indicating year-over-year increases of 54.6% and 22%, respectively.
Cincinnati Financial has a solid record of beating earnings estimates in three of the last four quarters and missing in one, the average being 38.33%. In the past year, CINF has gained 1.6%.
The Zacks Consensus Estimate for CINF’s 2023 and 2024 earnings per share is pegged at $5.58 and $6.05, indicating year-over-year increases of 31.6% and 8.4%, respectively.
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
RLI Corp. (RLI) : Free Stock Analysis Report
W.R. Berkley Corporation (WRB) : Free Stock Analysis Report
Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report
Kinsale Capital Group, Inc. (KNSL) : 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.
|
W.R. Berkley Corporation’s WRB higher premiums, lower claim frequency in certain lines of businesses and sufficient liquidity make it worth adding to one’s portfolio. Growth Projections The Zacks Consensus Estimate for W.R. Berkley’s 2023 earnings is pegged at $4.80 per share, indicating a 9.5% increase from the year-ago reported figure on 9.9% higher revenues of $12.05 billion. The combination of a high-quality fixed maturity portfolio, along with solid operating cash flow, enabled the insurer to invest at higher interest rates in the first nine months of 2023.
|
A strong capital position enables the nation’s largest commercial line property casualty insurance provider to deploy capital via share repurchases, special dividends and dividend hikes that enhance shareholders' value. Other Stocks to Consider Some other top-ranked stocks from the property and casualty insurance industry are RLI Corp. RLI, Kinsale Capital Group, Inc. KNSL and Cincinnati Financial Corporation CINF, each carrying a Zacks Rank #2 each at present. Click to get this free report RLI Corp. (RLI) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Growth Projections The Zacks Consensus Estimate for W.R. Berkley’s 2023 earnings is pegged at $4.80 per share, indicating a 9.5% increase from the year-ago reported figure on 9.9% higher revenues of $12.05 billion. Other Stocks to Consider Some other top-ranked stocks from the property and casualty insurance industry are RLI Corp. RLI, Kinsale Capital Group, Inc. KNSL and Cincinnati Financial Corporation CINF, each carrying a Zacks Rank #2 each at present. Click to get this free report RLI Corp. (RLI) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Estimate Revision The Zacks Consensus Estimate for 2023 and 2024 earnings has moved 0.2% and 0.5% north, respectively, in the past 30 days. Back-tested results show that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best opportunities in the value investing space. Other Stocks to Consider Some other top-ranked stocks from the property and casualty insurance industry are RLI Corp. RLI, Kinsale Capital Group, Inc. KNSL and Cincinnati Financial Corporation CINF, each carrying a Zacks Rank #2 each at present.
|
31d09684-fb33-454f-a6f6-54bc3f2cc74b
|
711288.0
|
2023-12-15 00:00:00 UTC
|
Pilgrim's Pride's (PPC) Operational Excellence Drives Growth
|
DCOMP
|
https://www.nasdaq.com/articles/pilgrims-prides-ppc-operational-excellence-drives-growth
|
nan
|
nan
|
Pilgrim's Pride Corporation's PPC strategic focus and operational improvements across various global regions demonstrated a robust approach to achieving enhanced profitability and market presence.
In Europe and Mexico, the company diversified its marketplace presence through branded innovation and product launches. This led to strengthened foundations for profitable growth, and marketplace traction for branded and prepared offerings. Pilgrim's Pride experienced 65% year-over-year growth in its fully cooked branded offerings in the third quarter of 2023, and digital sales increased 90% over the past year, which was attributed to effective key customer media partnerships and investments.
Also, the business in Mexico showed a strong performance in the third quarter due to improvements in live operations, grain and currency favorability, and balanced supply and demand fundamentals. The company’s Mexico operations generated net sales of $559.7 million, up from $429 million in the prior-year quarter.
Image Source: Zacks Investment Research
Pricing Strategy Bodes Well
Pilgrim's Pride’s pricing strategy appears to be dynamic and responsive to market trends, product-specific demand, and broader economic factors. The company adjusts its pricing to align with seasonal patterns, supply and demand changes, and cost considerations to maintain profitability and market competitiveness.
The company maintained consistent sales volumes over the third quarter by adjusting prices and engaging in normal promotional activities. This strategy contributed to volume growth in the commodity and value-added frozen segments, as well as the dairy prepared department.
Effective Foodservice Operations
The company is working with distributors, schools and commercial chains as part of its broader strategy to enhance the presence and sales in the foodservice channel. The business enhanced its key customer partnerships with leading retailers and foodservice providers, leading to secured long-term business and diversified product offerings. There was an increase in volume sales within the foodservice channel in the third quarter. This improvement was attributed to an increased number of operators purchasing chicken and a rise in the velocity of those already buying chicken.
The Zacks Rank #1 (Strong Buy) company’s shares have gained 19.9% in the past six months against the industry’s 10.5% decline.
Other Stocks to Consider
We have highlighted three other top-ranked stocks, namely MGP Ingredients, Inc. MGPI, Celsius Holdings CELH and The Kraft Heinz Company KHC.
MGP Ingredients produces and markets ingredients and distillery products to the packaged goods industry. The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MGP Ingredients’ current financial-year sales and EPS suggests growth of 6% and 14.2%, respectively, from the year-ago reported figures. MGPI has a trailing four-quarter earnings surprise of 16.2%, on average.
Celsius Holdings, which offers functional drinks and liquid supplements, currently carries a Zacks Rank #2. CELH delivered an earnings surprise of 81.6% in the third quarter of 2023.
The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. CELH has a trailing four-quarter earnings surprise of 110.9%, on average.
The Kraft Heinz Company is one of the largest consumer packaged food and beverage companies. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for The Kraft Heinz Company’s current financial-year sales and earnings suggests growth of 1% and 6.5%, respectively, from the year-ago reported numbers. KHC has a trailing four-quarter earnings surprise of 9.9%, on average.
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
Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
Kraft Heinz Company (KHC) : Free Stock Analysis Report
MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report
Celsius Holdings Inc. (CELH) : 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.
|
Pilgrim's Pride Corporation's PPC strategic focus and operational improvements across various global regions demonstrated a robust approach to achieving enhanced profitability and market presence. Pilgrim's Pride experienced 65% year-over-year growth in its fully cooked branded offerings in the third quarter of 2023, and digital sales increased 90% over the past year, which was attributed to effective key customer media partnerships and investments. Also, the business in Mexico showed a strong performance in the third quarter due to improvements in live operations, grain and currency favorability, and balanced supply and demand fundamentals.
|
The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. The Zacks Consensus Estimate for The Kraft Heinz Company’s current financial-year sales and earnings suggests growth of 1% and 6.5%, respectively, from the year-ago reported numbers. Click to get this free report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Other Stocks to Consider We have highlighted three other top-ranked stocks, namely MGP Ingredients, Inc. MGPI, Celsius Holdings CELH and The Kraft Heinz Company KHC. The Zacks Consensus Estimate for The Kraft Heinz Company’s current financial-year sales and earnings suggests growth of 1% and 6.5%, respectively, from the year-ago reported numbers. Click to get this free report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
There was an increase in volume sales within the foodservice channel in the third quarter. Other Stocks to Consider We have highlighted three other top-ranked stocks, namely MGP Ingredients, Inc. MGPI, Celsius Holdings CELH and The Kraft Heinz Company KHC. The company currently has a Zacks Rank #2 (Buy).
|
b5aae05c-b141-4382-bdaf-51d82fc7281b
|
711289.0
|
2023-12-15 00:00:00 UTC
|
Deere (DE) Gains From Pricing Actions Despite Elevated Costs
|
DCOMP
|
https://www.nasdaq.com/articles/deere-de-gains-from-pricing-actions-despite-elevated-costs
|
nan
|
nan
|
Deere & Company DE has been gaining from solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results.
However, inflated material and labor costs are anticipated to impact the company's margins. Supply-chain challenges are other woes. Nonetheless, the company's efforts to improve pricing will somewhat help offset these headwinds.
Higher Sales & Positive Pricing Actions Drive Results
Deere’s row-crop tractor orders are booked through most of the fiscal second quarter of 2024 and four-wheel drive tractors are sold out through the end of the fiscal third quarter. Its order books are about 45% full. This reflects improved demand in its markets.
The need to replace aging equipment will also support Deere’s top-line performance. Demand for its construction equipment will be supported by increased infrastructure spending.
The company is assessing cost structure by reviewing organization efficiency and footprint assessment, which, in turn, will help improve margins. Its price realization action is expected to offset higher material and freight costs.
Deere’s smart industrial strategy is helping customers manage escalating input costs, while improving their yields. The company is focused on driving capital allocation decisions, intensifying investments in precision agriculture, and enhancing capabilities in the aftermarket and retrofit business. Deere has implemented actions to strengthen its financial position and preserve liquidity.
Strategic Investments Support Margins
Deere remains well-poised for growth over the long term, backed by steady investments in new products and geographies. The company will benefit from a concerted focus on launching products with advanced technologies and features, which provides it with a competitive edge. These investments will aid its customers in achieving improved profitability, productivity and sustainability through the effective use of technology.
It remains focused on revolutionizing agriculture with technology in an effort to make farming automated, easy to use and more precise across the production process.
The company is seeing strong demand from its new product launches like ExactRate planter applied fertilizer systems and AutoPath. ExactRate signifies the precision application of fertilizer, while AutoPath leverages Deere's onboard technology linked to its operation center throughout a customer's entire production cycle.
AutoPath will strengthen automated farming in the future with its new features and technologies as part of the company’s Precision Agriculture software package strategies.
Deere also launched its groundbreaking See & Spray Ultimate in March 2022. It can identify the difference between a weed and a healthy crop plant, and only spray the weed and lower chemical use.
Positive Farm Fundamentals to Aid Growth
The U.S. Department of Agriculture projects a net farm income of $141.3 billion for 2023, suggesting a 23% decline from that reported in 2022. The decline is mainly due to lower direct government payments.Despite this decline, net farm income in 2023 will be higher than the 2003-2022 average. This will continue to support Deere’s margin.
The farm size has been on the rise in the United States, which requires more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
In the years to come, the demand for agricultural equipment will be fueled by increased global demand for food from both population growth and an increasing proportion of the population aspiring for better living standards. Drought and water scarcity issues in the United States and other parts of the world support the need for efficient irrigation.
Higher Costs & Supply Constraints Remain Woes
Deere has been affected by rising material, labor and logistical costs. Also, supply-chain issues led to delays in deliveries of some parts, causing partially completed machinery to stack up at assembly plants as the company waited for the parts to arrive.
This resulted in factories becoming less efficient lately. Consequently, overhead spending has been high. Higher SG&A and R&D spendings are also weighing on Deere’s margins.
Price Performance
Deere’s shares have fallen 4.6% in the past six months compared with the industry’s 7.8% decline.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 36.9% in the past six months.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.3% in the past six months.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 12.5% in six months.
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
Deere & Company (DE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Deere & Company DE has been gaining from solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. The company is focused on driving capital allocation decisions, intensifying investments in precision agriculture, and enhancing capabilities in the aftermarket and retrofit business. ExactRate signifies the precision application of fertilizer, while AutoPath leverages Deere's onboard technology linked to its operation center throughout a customer's entire production cycle.
|
Higher Sales & Positive Pricing Actions Drive Results Deere’s row-crop tractor orders are booked through most of the fiscal second quarter of 2024 and four-wheel drive tractors are sold out through the end of the fiscal third quarter. Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Deere currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This reflects improved demand in its markets. AutoPath will strengthen automated farming in the future with its new features and technologies as part of the company’s Precision Agriculture software package strategies. Positive Farm Fundamentals to Aid Growth The U.S. Department of Agriculture projects a net farm income of $141.3 billion for 2023, suggesting a 23% decline from that reported in 2022.
|
20ead978-5d11-4bf5-9095-45e25f8304f6
|
711290.0
|
2023-12-15 00:00:00 UTC
|
Here's Why You Should Hold Lindsay (LNN) in Your Portfolio Now
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-you-should-hold-lindsay-lnn-in-your-portfolio-now
|
nan
|
nan
|
Lindsay Corporation LNN is poised well to benefit from the rising global demand for food, driven by population growth. The development of technology products and demand for the Road Zipper System will further drive growth.
Let’s delve deeper and analyze the factors that make this stock worth holding on to at present.
Solid FY23 Results: Lindsay delivered record adjusted earnings per share of $6.54 in fiscal 2023, beating the Zacks Consensus Estimate of $5.94. The bottom line improved 10% year over year. It generated revenues of $674 million, down 13% from the $771 million reported in the year-ago quarter. However, the top line surpassed the Zacks Consensus Estimate of $668 million.
Positive Earnings Surprise History: LNN has an average trailing four-quarter earnings surprise of 16.9%.
Upbeat Q1 Outlook: For the first quarter of fiscal 2024, the company expects sales volume levels in developed international markets to remain solid, backed by strong demand in Brazil. Lindsay continues to see project opportunities in developing markets, led by the ongoing global concerns over food security and global grain supplies.
Positive Farm Fundamentals: The U.S. Department of Agriculture projects a net farm income of $141.3 billion for 2023, indicating a 23% decline from that reported in 2022. The decline is mainly due to lower direct government payments. Despite this decline, net farm income in 2023 will be higher than the 2003-2022 average. This will continue to support demand for Lindsay’s irrigation equipment.
Also, the need to replace aging equipment will sustain industry demand. Farm sizes have been on the rise in the United States, which require more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor. The U.S. agricultural machinery market is projected to reach $52.73 billion by 2027, seeing a CAGR of 3.3% over 2021-2027.
In the years to come, demand for agricultural equipment will be fueled by increased global demand for food, from both population growth and an increasing proportion of the population aspiring for better living standards. Drought and water scarcity issues in the United States and other parts of the world support the need for efficient irrigation.
Solid Demand for Road Zipper System: The company’s Infrastructure segment will benefit from the demand for Road Zipper System going forward. Lindsay’s Road Zipper System is a highly differentiated product that delivers significant advantages by addressing key infrastructure needs, such as reducing congestion, lowering carbon emission, improving commuter travel time and increasing driver safety.
Road Zipper Systems are gaining popularity globally, given their faster implementation and lower costs than constructing new lanes. Management’s “shift left” strategy, focused on customer engagement at the planning and design stage, has accelerated the adoption of the Road Zipper System.
The company launched an advanced Road Zipper Barrier Transfer Machine in January 2023. The modernized barrier transfer machine will ensure improved safety and efficiency with a bold new design and two advanced operator cabins. The Infrastructure Investment and Jobs Act enacted in November 2021 has introduced $110 billion in incremental federal funding for roads, bridges and other transportation projects. This will translate into higher demand for Lindsay’s transportation safety products.
Near-Term Concerns
Lindsay had been witnessing supply-chain constraints, particularly in electronics. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries. It has also been facing higher input costs.
Even though the company is expecting an easing of cost inflation soon, it remains to be seen whether it will materialize. The company continues to introduce appropriate sales price adjustments to combat cost inflation. However, competitive market pressures may affect its ability to pass price adjustments to its customers. These factors will impact margins in the short term.
Price Performance
Lindsay’s shares have gained 5.7% in the past six months against the industry’s decline of 7.8%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
LNN currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 36.9% in the past six months.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.3% in the past six months.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 12.5% in six months.
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
Lindsay Corporation (LNN) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Upbeat Q1 Outlook: For the first quarter of fiscal 2024, the company expects sales volume levels in developed international markets to remain solid, backed by strong demand in Brazil. Lindsay’s Road Zipper System is a highly differentiated product that delivers significant advantages by addressing key infrastructure needs, such as reducing congestion, lowering carbon emission, improving commuter travel time and increasing driver safety. Management’s “shift left” strategy, focused on customer engagement at the planning and design stage, has accelerated the adoption of the Road Zipper System.
|
Positive Earnings Surprise History: LNN has an average trailing four-quarter earnings surprise of 16.9%. Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report Lindsay Corporation (LNN) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Solid Demand for Road Zipper System: The company’s Infrastructure segment will benefit from the demand for Road Zipper System going forward. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider LNN currently carries a Zacks Rank #3 (Hold). Click to get this free report Lindsay Corporation (LNN) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
However, the top line surpassed the Zacks Consensus Estimate of $668 million. Price Performance Lindsay’s shares have gained 5.7% in the past six months against the industry’s decline of 7.8%. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider LNN currently carries a Zacks Rank #3 (Hold).
|
31095d8a-27a9-4479-acef-ea55c333d126
|
711291.0
|
2023-12-15 00:00:00 UTC
|
Eni (E) Considers Selling Stake in Bioplastic Firm Novamont
|
DCOMP
|
https://www.nasdaq.com/articles/eni-e-considers-selling-stake-in-bioplastic-firm-novamont
|
nan
|
nan
|
Eni SpA E is in talks with investment funds seeking to acquire a minority stake in its Novamont unit, per a Reuters report.
The potential agreement is projected to place a value of 1 billion euros (around $1.1 billion) on Novamont.
Novamont specializes in the manufacturing of bioplastics and was fully incorporated into Eni’s chemical division earlier this year. In October, Eni completed the acquisition of the remaining 64% stake in Novamont that was not previously under its ownership. The stake was purchased from private equity funds Investitori Associati II and NB Renaissance.
The divestment of the stake aligns with Eni’s strategy to bolster the sustainability of its entire chemical business. Eni is committed to bolstering growth of Novamont through an increased focus on the circular economy sector.
Bioplastics, in contrast to conventional plastics derived from fossil fuels, are produced from natural or renewable sources and are frequently biodegradable. Novamont boasts a portfolio of more than 1,400 patents and patent applications, with one of its key products being MATER-BI. This product line consists of biodegradable and compostable bioplastics made from starches, cellulose, vegetable oils and their various combinations.
The potential investors in this transaction may include Norway’s private equity fund, HitecVision, and the U.S. fund Blackstone. However, these discussions are in the early stages, and Eni has not made a final decision regarding the extent of the stake to be divested. Italian bank UniCredit is providing advisory support to Eni for this potential transaction.
Eni’s decision holds significance as it underscores the company’s dedication to sustainable practices and its strategic emphasis on broadening its footprint in the bioplastics industry. The move aligns with the growing global emphasis on environmentally friendly solutions, highlighting Eni’s commitment to contributing to sustainability efforts.
Zacks Rank & Key Picks
Eni currently has a Zack Rank #3 (Hold).
Investors interested in the energy sector might look at the following companies that presently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Murphy USA’s MUSA unique high-volume, low-cost business model helps it retain high profitability, even in the fiercely competitive retail environment.
MUSA remains committed to returning excess cash to its shareholders through continued share buyback programs. As part of this initiative, the fuel retailer recently approved a repurchase authorization of up to $1.5 billion following the completion of the existing $1-billion mandate. The move underscores MUSA’s sound financial position and commitment to rewarding its shareholders.
The Williams Companies WMB is a premier energy infrastructure provider in North America. WMB has a thriving deepwater transportation business. The company's deepwater portfolio includes a 3,500-mile natural gas and oil gathering and transmission pipeline, and is important for the company’s future cash flows.
Williams Companies’ debt maturity profile is in good shape, with its $4.5-billion revolver maturing in 2023. It is also paying its shareholders an attractive dividend yielding around 5%. Beside this, the company has a share repurchase program worth $1.5 billion, highlighting its commitment to shareholders.
Ecopetrol S.A. EC operates across various segments of the oil and gas industry, including exploration, development and production of oil and gas, refining, transportation, and sale of petroleum products.
Ecopetrol has witnessed upward earnings estimate revisions for 2023 and 2024 in the past 30 days. The Zacks Consensus Estimate for earnings for EC’s 2023 and 2024 earnings is pegged at $2.32 per share and $2.41, respectively.
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
Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report
Eni SpA (E) : Free Stock Analysis Report
Ecopetrol S.A. (EC) : Free Stock Analysis Report
Murphy USA Inc. (MUSA) : 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.
|
Eni’s decision holds significance as it underscores the company’s dedication to sustainable practices and its strategic emphasis on broadening its footprint in the bioplastics industry. The move aligns with the growing global emphasis on environmentally friendly solutions, highlighting Eni’s commitment to contributing to sustainability efforts. Murphy USA’s MUSA unique high-volume, low-cost business model helps it retain high profitability, even in the fiercely competitive retail environment.
|
Zacks Rank & Key Picks Eni currently has a Zack Rank #3 (Hold). The company's deepwater portfolio includes a 3,500-mile natural gas and oil gathering and transmission pipeline, and is important for the company’s future cash flows. Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Eni SpA (E) : Free Stock Analysis Report Ecopetrol S.A. (EC) : Free Stock Analysis Report Murphy USA Inc. (MUSA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Eni’s decision holds significance as it underscores the company’s dedication to sustainable practices and its strategic emphasis on broadening its footprint in the bioplastics industry. Zacks Rank & Key Picks Eni currently has a Zack Rank #3 (Hold). Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Eni SpA (E) : Free Stock Analysis Report Ecopetrol S.A. (EC) : Free Stock Analysis Report Murphy USA Inc. (MUSA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Eni SpA E is in talks with investment funds seeking to acquire a minority stake in its Novamont unit, per a Reuters report. The divestment of the stake aligns with Eni’s strategy to bolster the sustainability of its entire chemical business. Beside this, the company has a share repurchase program worth $1.5 billion, highlighting its commitment to shareholders.
|
740a9711-185f-438d-b1a3-8d041823d275
|
711292.0
|
2023-12-15 00:00:00 UTC
|
SPDR S&P 600 Small Cap Value ETF Experiences Big Inflow
|
DCOMP
|
https://www.nasdaq.com/articles/spdr-sp-600-small-cap-value-etf-experiences-big-inflow
|
nan
|
nan
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 600 Small Cap Value ETF (Symbol: SLYV) where we have detected an approximate $1.1 billion dollar inflow -- that's a 28.2% increase week over week in outstanding units (from 47,850,000 to 61,350,000). Among the largest underlying components of SLYV, in trading today Signet Jewelers Ltd (Symbol: SIG) is up about 0.1%, Lincoln National Corp. (Symbol: LNC) is down about 1.3%, and Abercrombie & Fitch Co (Symbol: ANF) is up by about 1.9%. For a complete list of holdings, visit the SLYV Holdings page » The chart below shows the one year price performance of SLYV, versus its 200 day moving average:
Looking at the chart above, SLYV's low point in its 52 week range is $66.4709 per share, with $86.96 as the 52 week high point — that compares with a last trade of $81.76. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
DUOL Historical Stock Prices
AMOV Videos
CarMax Past Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: DUOL Historical Stock Prices AMOV Videos CarMax Past Earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of SLYV, in trading today Signet Jewelers Ltd (Symbol: SIG) is up about 0.1%, Lincoln National Corp. (Symbol: LNC) is down about 1.3%, and Abercrombie & Fitch Co (Symbol: ANF) is up by about 1.9%. For a complete list of holdings, visit the SLYV Holdings page » The chart below shows the one year price performance of SLYV, versus its 200 day moving average: Looking at the chart above, SLYV's low point in its 52 week range is $66.4709 per share, with $86.96 as the 52 week high point — that compares with a last trade of $81.76. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 600 Small Cap Value ETF (Symbol: SLYV) where we have detected an approximate $1.1 billion dollar inflow -- that's a 28.2% increase week over week in outstanding units (from 47,850,000 to 61,350,000). For a complete list of holdings, visit the SLYV Holdings page » The chart below shows the one year price performance of SLYV, versus its 200 day moving average: Looking at the chart above, SLYV's low point in its 52 week range is $66.4709 per share, with $86.96 as the 52 week high point — that compares with a last trade of $81.76. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 600 Small Cap Value ETF (Symbol: SLYV) where we have detected an approximate $1.1 billion dollar inflow -- that's a 28.2% increase week over week in outstanding units (from 47,850,000 to 61,350,000). For a complete list of holdings, visit the SLYV Holdings page » The chart below shows the one year price performance of SLYV, versus its 200 day moving average: Looking at the chart above, SLYV's low point in its 52 week range is $66.4709 per share, with $86.96 as the 52 week high point — that compares with a last trade of $81.76. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
4e415552-ef66-4c14-827b-8a0f8cc41eef
|
711293.0
|
2023-12-15 00:00:00 UTC
|
Citigroup's (C) Mexican Arm Banamex to Separate by Late 2024
|
DCOMP
|
https://www.nasdaq.com/articles/citigroups-c-mexican-arm-banamex-to-separate-by-late-2024
|
nan
|
nan
|
Citigroup Inc. C will split its Mexico retail unit, Banco Nacional de México (“Banamex”), from its corporate and investment banking business in the country by the second half of 2024. This was reported by Reuters that cited the bank’s Mexico head, Manuel Romo.
Management also expects to begin the process of going public in 2025. Markedly, in January 2022, Citigroup revealed plans to exit Banamex, its consumer, small business and middle-market banking operations in Mexico, by separating the business in 2024, followed by an IPO in 2025. Now, the company has provided more clarity on the timeline and expects the separation to happen in the second half of 2024.
Earlier this year, the Wall Street biggie cancelled a $7-billion sale of the unit.
Per Reuters that cited people familiar with the matter, the company had been in discussion with Mexican billionaire German Larrea's Grupo Mexico to divest the unit. However, the Mexican government's interference resulted in both companies abandoning the deal.
While the retail unit will be separated, the bank’s corporate and investment banking operations will continue operating in the country under the name Citi Mexico.
The Reuters article quoted Romo, "We're making progress in a timely manner in the separation." He continued, "So that by the second half of 2024, the split between Banamex and Citi Mexico is complete."
The move is in line with the bank’s efforts to exit its consumer banking business in 13 international markets across Asia and the EMEA, and focus on growth in the wealth management and personal banking space. The company has closed sales in nine markets — Australia, Bahrain, India, Malaysia, the Philippines, Taiwan, Thailand, Vietnam and Indonesia. It is also ahead of its plans to gradually wind down the consumer banking business in South Korea.
In October 2023, Citigroup agreed to sell its China-based onshore consumer wealth portfolio to HSBC Holdings plc. The bank will also wind down its U.K. retail banking business, and expand personal banking and wealth management businesses in the region.
Such exits will free up capital and help the company pursue investments in wealth management operations in Singapore, Hong Kong, the U.A.E. and London to stoke growth. The company anticipates the release of $12 billion (in aggregate) of allocated tangible common equity over time from such market exits. These efforts will likely help augment its profitability and efficiency, and optimize its capital over the long term.
C shares have gained 3.5% in the past six months compared with the industry’s rise of 16.1%.
Image Source: Zacks Investment Research
The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Divesture Moves by Other Companies
BOK Financial Corporation BOKF announced the sale of its risk management and employee benefits insurance brokerage and consulting business — BOK Financial Insurance, Inc. — to USI Insurance Services.
BOKF expects the transaction to result in a pre-tax gain of $28 million post-transaction-related expenses. The bank intends to use this gain to realize an equivalent loss on its available-for-sale securities portfolio and will rotate into higher-yielding securities. This will result in a net benefit to BOKF’s recurring earnings in the upcoming years.
Cadence Bank CADE closed the sale of its insurance business, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. AJG in a cash deal worth $904 million. The amount is subjected to certain customary purchase price adjustments.
The deal between CADE and AJG was announced on Oct 24, 2023, and was expected to have a positive impact on CADE’s earnings per share. The company projected the transaction to result in an immediate net capital increase of $620 million and net cash proceeds of $650 million. Both estimations are made on an after-tax basis.
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
BOK Financial Corporation (BOKF) : Free Stock Analysis Report
Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report
Cadence Bank (CADE) : 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.
|
Citigroup Inc. C will split its Mexico retail unit, Banco Nacional de México (“Banamex”), from its corporate and investment banking business in the country by the second half of 2024. Per Reuters that cited people familiar with the matter, the company had been in discussion with Mexican billionaire German Larrea's Grupo Mexico to divest the unit. 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%.
|
Divesture Moves by Other Companies BOK Financial Corporation BOKF announced the sale of its risk management and employee benefits insurance brokerage and consulting business — BOK Financial Insurance, Inc. — to USI Insurance Services. Cadence Bank CADE closed the sale of its insurance business, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. AJG in a cash deal worth $904 million. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report BOK Financial Corporation (BOKF) : Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Cadence Bank (CADE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The move is in line with the bank’s efforts to exit its consumer banking business in 13 international markets across Asia and the EMEA, and focus on growth in the wealth management and personal banking space. The bank will also wind down its U.K. retail banking business, and expand personal banking and wealth management businesses in the region. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report BOK Financial Corporation (BOKF) : Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Cadence Bank (CADE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Markedly, in January 2022, Citigroup revealed plans to exit Banamex, its consumer, small business and middle-market banking operations in Mexico, by separating the business in 2024, followed by an IPO in 2025. This will result in a net benefit to BOKF’s recurring earnings in the upcoming years. Cadence Bank CADE closed the sale of its insurance business, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. AJG in a cash deal worth $904 million.
|
a8ca798b-605c-40ad-80aa-8fec4d1b15dc
|
711294.0
|
2023-12-15 00:00:00 UTC
|
LYSDY or WPM: Which Is the Better Value Stock Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/lysdy-or-wpm%3A-which-is-the-better-value-stock-right-now
|
nan
|
nan
|
Investors interested in Mining - Miscellaneous stocks are likely familiar with Lynas Corp. (LYSDY) and Wheaton Precious Metals Corp. (WPM). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Right now, Lynas Corp. is sporting a Zacks Rank of #2 (Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that LYSDY is likely seeing its earnings outlook improve to a greater extent. However, value investors will care about much more than just this.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
LYSDY currently has a forward P/E ratio of 10.31, while WPM has a forward P/E of 44.51. We also note that LYSDY has a PEG ratio of 0.76. 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. WPM currently has a PEG ratio of 11.68.
Another notable valuation metric for LYSDY is its P/B ratio of 2.78. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, WPM has a P/B of 3.23.
These are just a few of the metrics contributing to LYSDY's Value grade of B and WPM's Value grade of F.
LYSDY has seen stronger estimate revision activity and sports more attractive valuation metrics than WPM, so it seems like value investors will conclude that LYSDY is the superior option right now.
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
Lynas Corp. (LYSDY) : Free Stock Analysis Report
Wheaton Precious Metals Corp. (WPM) : 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.
|
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
|
The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. Right now, Lynas Corp. is sporting a Zacks Rank of #2 (Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). Click to get this free report Lynas Corp. (LYSDY) : Free Stock Analysis Report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Investors interested in Mining - Miscellaneous stocks are likely familiar with Lynas Corp. (LYSDY) and Wheaton Precious Metals Corp. (WPM). These are just a few of the metrics contributing to LYSDY's Value grade of B and WPM's Value grade of F. LYSDY has seen stronger estimate revision activity and sports more attractive valuation metrics than WPM, so it seems like value investors will conclude that LYSDY is the superior option right now. Click to get this free report Lynas Corp. (LYSDY) : Free Stock Analysis Report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Right now, Lynas Corp. is sporting a Zacks Rank of #2 (Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). WPM currently has a PEG ratio of 11.68. These are just a few of the metrics contributing to LYSDY's Value grade of B and WPM's Value grade of F. LYSDY has seen stronger estimate revision activity and sports more attractive valuation metrics than WPM, so it seems like value investors will conclude that LYSDY is the superior option right now.
|
ebe26857-347e-40b5-9dc6-2ba4c41b1ee5
|
711295.0
|
2023-12-15 00:00:00 UTC
|
VIV vs. NTTYY: Which Stock Is the Better Value Option?
|
DCOMP
|
https://www.nasdaq.com/articles/viv-vs.-nttyy%3A-which-stock-is-the-better-value-option-0
|
nan
|
nan
|
Investors interested in Diversified Communication Services stocks are likely familiar with Telefonica Brasil (VIV) and NTT (NTTYY). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Telefonica Brasil has a Zacks Rank of #2 (Buy), while NTT has a Zacks Rank of #3 (Hold) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that VIV is likely seeing its earnings outlook improve to a greater extent. However, value investors will care about much more than just this.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
VIV currently has a forward P/E ratio of 18.33, while NTTYY has a forward P/E of 296.20. We also note that VIV has a PEG ratio of 1.06. 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. NTTYY currently has a PEG ratio of 52.89.
Another notable valuation metric for VIV is its P/B ratio of 1.26. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, NTTYY has a P/B of 1.43.
These are just a few of the metrics contributing to VIV's Value grade of A and NTTYY's Value grade of C.
VIV stands above NTTYY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that VIV is the superior value option right now.
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
Telefonica Brasil S.A. (VIV) : Free Stock Analysis Report
Nippon Telegraph and Telephone Corporation (NTTYY) : 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.
|
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
|
The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Telefonica Brasil has a Zacks Rank of #2 (Buy), while NTT has a Zacks Rank of #3 (Hold) right now. Click to get this free report Telefonica Brasil S.A. (VIV) : Free Stock Analysis Report Nippon Telegraph and Telephone Corporation (NTTYY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. These are just a few of the metrics contributing to VIV's Value grade of A and NTTYY's Value grade of C. VIV stands above NTTYY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that VIV is the superior value option right now. Click to get this free report Telefonica Brasil S.A. (VIV) : Free Stock Analysis Report Nippon Telegraph and Telephone Corporation (NTTYY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Telefonica Brasil has a Zacks Rank of #2 (Buy), while NTT has a Zacks Rank of #3 (Hold) right now. These are just a few of the metrics contributing to VIV's Value grade of A and NTTYY's Value grade of C. VIV stands above NTTYY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that VIV is the superior value option right now. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
e7940bf9-4917-449c-8aa5-1085ee47d66f
|
711296.0
|
2023-12-15 00:00:00 UTC
|
IYR, PLD, AMT, EQIX: ETF Inflow Alert
|
DCOMP
|
https://www.nasdaq.com/articles/iyr-pld-amt-eqix%3A-etf-inflow-alert
|
nan
|
nan
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Real Estate ETF (Symbol: IYR) where we have detected an approximate $332.8 million dollar inflow -- that's a 8.0% increase week over week in outstanding units (from 45,600,000 to 49,250,000). Among the largest underlying components of IYR, in trading today Prologis Inc (Symbol: PLD) is trading flat, American Tower Corp (Symbol: AMT) is trading flat, and Equinix Inc (Symbol: EQIX) is lower by about 0.2%. For a complete list of holdings, visit the IYR Holdings page » The chart below shows the one year price performance of IYR, versus its 200 day moving average:
Looking at the chart above, IYR's low point in its 52 week range is $72.88 per share, with $96.02 as the 52 week high point — that compares with a last trade of $91.22. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Top Ten Hedge Funds Holding MCRS
SERV market cap history
Top Ten Hedge Funds Holding MGV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Top Ten Hedge Funds Holding MCRS SERV market cap history Top Ten Hedge Funds Holding MGV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of IYR, in trading today Prologis Inc (Symbol: PLD) is trading flat, American Tower Corp (Symbol: AMT) is trading flat, and Equinix Inc (Symbol: EQIX) is lower by about 0.2%. For a complete list of holdings, visit the IYR Holdings page » The chart below shows the one year price performance of IYR, versus its 200 day moving average: Looking at the chart above, IYR's low point in its 52 week range is $72.88 per share, with $96.02 as the 52 week high point — that compares with a last trade of $91.22. Click here to find out which 9 other ETFs had notable inflows » Also see: Top Ten Hedge Funds Holding MCRS SERV market cap history Top Ten Hedge Funds Holding MGV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Real Estate ETF (Symbol: IYR) where we have detected an approximate $332.8 million dollar inflow -- that's a 8.0% increase week over week in outstanding units (from 45,600,000 to 49,250,000). For a complete list of holdings, visit the IYR Holdings page » The chart below shows the one year price performance of IYR, versus its 200 day moving average: Looking at the chart above, IYR's low point in its 52 week range is $72.88 per share, with $96.02 as the 52 week high point — that compares with a last trade of $91.22. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Real Estate ETF (Symbol: IYR) where we have detected an approximate $332.8 million dollar inflow -- that's a 8.0% increase week over week in outstanding units (from 45,600,000 to 49,250,000). For a complete list of holdings, visit the IYR Holdings page » The chart below shows the one year price performance of IYR, versus its 200 day moving average: Looking at the chart above, IYR's low point in its 52 week range is $72.88 per share, with $96.02 as the 52 week high point — that compares with a last trade of $91.22. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
|
845b6172-254d-4217-8488-2b4c83c664c8
|
711297.0
|
2023-12-15 00:00:00 UTC
|
Noteworthy ETF Outflows: IEO, VLO, HES, DVN
|
DCOMP
|
https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-ieo-vlo-hes-dvn
|
nan
|
nan
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Oil & Gas Exploration & Production ETF (Symbol: IEO) where we have detected an approximate $79.2 million dollar outflow -- that's a 9.5% decrease week over week (from 8,950,000 to 8,100,000). Among the largest underlying components of IEO, in trading today Valero Energy Corp (Symbol: VLO) is up about 2.8%, Hess Corp (Symbol: HES) is up about 1.6%, and Devon Energy Corp. (Symbol: DVN) is up by about 1.8%. For a complete list of holdings, visit the IEO Holdings page » The chart below shows the one year price performance of IEO, versus its 200 day moving average:
Looking at the chart above, IEO's low point in its 52 week range is $77.25 per share, with $102.94 as the 52 week high point — that compares with a last trade of $94.85. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Funds Holding TWEB
Institutional Holders of HUB
FCX Technical Analysis
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Funds Holding TWEB Institutional Holders of HUB FCX Technical Analysis The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of IEO, in trading today Valero Energy Corp (Symbol: VLO) is up about 2.8%, Hess Corp (Symbol: HES) is up about 1.6%, and Devon Energy Corp. (Symbol: DVN) is up by about 1.8%. For a complete list of holdings, visit the IEO Holdings page » The chart below shows the one year price performance of IEO, versus its 200 day moving average: Looking at the chart above, IEO's low point in its 52 week range is $77.25 per share, with $102.94 as the 52 week high point — that compares with a last trade of $94.85. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Oil & Gas Exploration & Production ETF (Symbol: IEO) where we have detected an approximate $79.2 million dollar outflow -- that's a 9.5% decrease week over week (from 8,950,000 to 8,100,000). For a complete list of holdings, visit the IEO Holdings page » The chart below shows the one year price performance of IEO, versus its 200 day moving average: Looking at the chart above, IEO's low point in its 52 week range is $77.25 per share, with $102.94 as the 52 week high point — that compares with a last trade of $94.85. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Oil & Gas Exploration & Production ETF (Symbol: IEO) where we have detected an approximate $79.2 million dollar outflow -- that's a 9.5% decrease week over week (from 8,950,000 to 8,100,000). For a complete list of holdings, visit the IEO Holdings page » The chart below shows the one year price performance of IEO, versus its 200 day moving average: Looking at the chart above, IEO's low point in its 52 week range is $77.25 per share, with $102.94 as the 52 week high point — that compares with a last trade of $94.85. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
d016b979-1043-4ca1-b171-962f8a26b04f
|
711298.0
|
2023-12-15 00:00:00 UTC
|
3 Cryptocurrency-Related Stocks to Ride the Next Crypto Wave
|
DCOMP
|
https://www.nasdaq.com/articles/3-cryptocurrency-related-stocks-to-ride-the-next-crypto-wave
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In the relentless and dynamic waves of the cryptocurrency market, the resilience and adaptability of key players hold the essence of value growth.
Amidst the volatile realm of digital currencies, three distinct names illuminate the landscape with their strategic moves and operational prowess. These companies, symbolic of the crypto industry’s dynamism, exhibit remarkable growth trajectories. They deftly maneuver through Bitcoin mining complexities, infrastructure enhancements, and savvy treasury management. Their recent performances, detailed in the article ahead, reveal the critical tactics these titans employ to thrive in cryptocurrency.
Each entity navigates the crypto landscape with unique approaches, from the first one’s bolstered Bitcoin production and sales efficiency to the second one’s strategic infrastructure expansions and the third one’s scaled mining capacities and treasury management. The article unveils the strategies of these crypto titans as they harness the relentless surge in the digital currency space.
Riot Platforms (RIOT)
Source: Venomous Vector/Shutterstock
Riot Platforms (NASDAQ:RIOT) exhibited a 21% increase in Bitcoin production from October 2023 to November 2023. This consistent growth suggests the company’s operational prowess and efficiency in Bitcoin mining operations. Despite a 9% increase in network difficulty, Riot Platforms boosted its production, demonstrating its resilience and adaptability to industry challenges.
Fundamentally, the surge in average Bitcoin produced daily saw a 25% increase from October 2023 to November 2023. This surge highlights Riot’s enhanced mining efficiency, likely due to improved hardware, enhanced mining algorithms, or operational optimizations to increase the output of mined Bitcoins.
Additionally, Riot Platforms has managed to maintain a steady increase in Bitcoin holdings, with a 7% year-over-year increase in Bitcoin holdings in November 2023. The company can accumulate and retain a significant volume of Bitcoin, leveraging it for future strategic initiatives or capitalizing on favorable market conditions.
Similarly, the surge in Bitcoin sales by 23% from October 2023 to November 2023 resulted in a substantial increase in net proceeds. This significant rise in revenue from Bitcoin sales underscores Riot’s capacity to capitalize on market opportunities. Likewise, it also suggests efficiency in converting its mined bitcoins into substantial financial gains.
Finally, the impressive increase of 28% in the average net price per bitcoin sold from October 2023 signals Riot’s adeptness in maximizing revenue from bitcoin sales. This achievement likely stems from strategic timing in the selling process or market positioning. Therefore, it allows Riot to command higher prices for its Bitcoin holdings and drive growth in its market valuations.
Bitfarms (BITF)
Source: shutterstock.com/Unknown man
The mining company Bitfarms (NASDAQ:BITF) supports rapid growth potential through strategic investment in infrastructure expansion. Bitfarms has strategically allocated its capital investments to optimize returns and position itself advantageously for the Bitcoin halving in April 2024. The company has prudently expanded its operations, focusing on upgrades and new projects aligning with its ROI hurdle.
In detail, there is an expansion in operating capacity from 6.1 exahash per second in September 2023 to 6.3 exahash per second in October 2023. The company is achieving 32% growth in operating capacity, reaching 240 megawatts in October 2023 compared to a year ago.
Additionally, the company is contracting low-cost energy totaling 573 megawatts, with only 42% placed into operation, indicating significant future development potential. Also, Bitfarms is initiating expansion in Paraguay with acquisitions of hydropower agreements for 50 and 100 megawatts, with construction expected to be completed in Q1 2024.
Bitfarms focuses on sustained and predictable operational costs, evident in the company’s ongoing efforts to optimize existing facilities. The company focuses on reducing direct costs per bitcoin, a strategic goal that can lead to improved profitability and increased margins.
Furthermore, the company expanded the Argentina-based facility in Río Cuarto, and the operational capacity improved from 50 megawatts to 54% beyond the original design. Hence, the facility added 800 petahash per second and achieved over 1.6 exahash per second in October 2023.
Finally, Bitfarms is demonstrating significantly reduced energy costs in Argentina during the summer months, estimating costs below $0.03 per kilowatt-hour compared to higher costs during the winter. Therefore, the facility aims to become one of the lowest-cost operating facilities in the industry.
Cipher Mining (CIFR)
Source: FabrikaSimf / Shutterstock.com
To begin with, Cipher Mining (NASDAQ:CIFR) expanded its self-mining capacity to 7.2 exahash per second during Q3 2023. It has a total capacity in service or under contract of 8.4 exahash per second after acquiring Bitmain’s latest generation of S21 rigs.
Additionally, the acquisition of Black Pearl in Texas provides conditional Electric Reliability Council of Texas (ERCOT) interconnection approval for up to 300 megawatts. This is expanding the potential hash rate to 23.5 exahash per second by the end of 2025. Fundamentally, the significant increase in mining capacity positions Cipher Mining to capitalize on the growing demand for bitcoin mining. This substantial growth trajectory reflects the company’s ability to scale its operations efficiently.
Furthermore, Cipher Mining boasts an electricity cost of approximately $0.027 per kilowatt hour, accounting for most operating expenses, and this low electricity cost contributes to its best-in-class unit economics. The company manages its Bitcoin treasury by selling enough monthly to cover operating expenses and existing CapEx commitments. Beyond these sales, it may sell more bitcoin for expansion opportunities or hold excess to strengthen its overall treasury balance.
Looking at individual site developments, such as Alborz, it is receiving ERCOT approval for a supplemental grid connection so that the company can increase operational uptime significantly. These site-specific initiatives demonstrate Cipher Mining’s strategic focus on optimizing existing operations. Therefore, the company expands its capabilities at various locations, ensuring value growth through potential revenue diversification.
On the date of publication, Yiannis Zourmpanos 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.
Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.
More From InvestorPlace
The #1 AI Investment Might Be This Company You’ve Never Heard Of
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Cryptocurrency-Related Stocks to Ride the Next Crypto Wave 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.
|
Each entity navigates the crypto landscape with unique approaches, from the first one’s bolstered Bitcoin production and sales efficiency to the second one’s strategic infrastructure expansions and the third one’s scaled mining capacities and treasury management. Looking at individual site developments, such as Alborz, it is receiving ERCOT approval for a supplemental grid connection so that the company can increase operational uptime significantly. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Cryptocurrency-Related Stocks to Ride the Next Crypto Wave appeared first on InvestorPlace.
|
Riot Platforms (RIOT) Source: Venomous Vector/Shutterstock Riot Platforms (NASDAQ:RIOT) exhibited a 21% increase in Bitcoin production from October 2023 to November 2023. This surge highlights Riot’s enhanced mining efficiency, likely due to improved hardware, enhanced mining algorithms, or operational optimizations to increase the output of mined Bitcoins. Bitfarms (BITF) Source: shutterstock.com/Unknown man The mining company Bitfarms (NASDAQ:BITF) supports rapid growth potential through strategic investment in infrastructure expansion.
|
This consistent growth suggests the company’s operational prowess and efficiency in Bitcoin mining operations. This surge highlights Riot’s enhanced mining efficiency, likely due to improved hardware, enhanced mining algorithms, or operational optimizations to increase the output of mined Bitcoins. Fundamentally, the significant increase in mining capacity positions Cipher Mining to capitalize on the growing demand for bitcoin mining.
|
Additionally, Riot Platforms has managed to maintain a steady increase in Bitcoin holdings, with a 7% year-over-year increase in Bitcoin holdings in November 2023. Fundamentally, the significant increase in mining capacity positions Cipher Mining to capitalize on the growing demand for bitcoin mining. These site-specific initiatives demonstrate Cipher Mining’s strategic focus on optimizing existing operations.
|
9ba21609-23b5-4793-89b5-42b44397ad37
|
711299.0
|
2023-12-15 00:00:00 UTC
|
Nvidia and AMD's Artificial Intelligence (AI) Battle Is Heating Up
|
DCOMP
|
https://www.nasdaq.com/articles/nvidia-and-amds-artificial-intelligence-ai-battle-is-heating-up
|
nan
|
nan
|
In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the after-market prices of Dec. 15, 2023. The video was published on Dec. 18, 2023.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Check out the short video to learn more, consider subscribing, and click the special offer link below. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services.
|
In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.
|
In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.
|
The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.
|
9806039c-bbde-445f-968d-45aeb3bd033e
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.