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711300.0
|
2023-12-15 00:00:00 UTC
|
Will Intel Stock Dominate the Artificial Intelligence (AI) PC Market?
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DCOMP
|
https://www.nasdaq.com/articles/will-intel-stock-dominate-the-artificial-intelligence-ai-pc-market
|
nan
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nan
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In today's video, I discuss recent updates affecting Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the market prices of Dec. 15, 2023. The video was published on Dec. 17, 2023.
Should you invest $1,000 in Intel right now?
Before you buy stock in Intel, 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 Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jose Najarro has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. 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.
|
In today's video, I discuss recent updates affecting Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. If you choose to subscribe through their link they will earn some extra money that supports their channel.
|
Before you buy stock in Intel, 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 Intel 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. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
|
Before you buy stock in Intel, 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 Intel 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. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
|
The 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. Their opinions remain their own and are unaffected by The Motley Fool.
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406a0024-b1e8-4039-b667-65790d017c56
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711301.0
|
2023-12-15 00:00:00 UTC
|
XLF, BRK.B, MA, SPGI: ETF Outflow Alert
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DCOMP
|
https://www.nasdaq.com/articles/xlf-brk.b-ma-spgi%3A-etf-outflow-alert
|
nan
|
nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Financial Select Sector SPDR Fund (Symbol: XLF) where we have detected an approximate $117.6 million dollar outflow -- that's a 0.3% decrease week over week (from 902,750,000 to 899,600,000). Among the largest underlying components of XLF, in trading today Berkshire Hathaway Inc New (Symbol: BRK.B) is up about 1%, Mastercard Inc (Symbol: MA) is up about 0.9%, and Standard and Poors Global Inc (Symbol: SPGI) is higher by about 0.1%. For a complete list of holdings, visit the XLF Holdings page » The chart below shows the one year price performance of XLF, versus its 200 day moving average:
Looking at the chart above, XLF's low point in its 52 week range is $30.39 per share, with $37.71 as the 52 week high point — that compares with a last trade of $37.31. 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:
Jeremy Grantham Stock Picks
Synopsys 13F Filers
Funds Holding ENTL
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 The Financial Select Sector SPDR Fund (Symbol: XLF) where we have detected an approximate $117.6 million dollar outflow -- that's a 0.3% decrease week over week (from 902,750,000 to 899,600,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Jeremy Grantham Stock Picks Synopsys 13F Filers Funds Holding ENTL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For a complete list of holdings, visit the XLF Holdings page » The chart below shows the one year price performance of XLF, versus its 200 day moving average: Looking at the chart above, XLF's low point in its 52 week range is $30.39 per share, with $37.71 as the 52 week high point — that compares with a last trade of $37.31. 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''. 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 The Financial Select Sector SPDR Fund (Symbol: XLF) where we have detected an approximate $117.6 million dollar outflow -- that's a 0.3% decrease week over week (from 902,750,000 to 899,600,000). For a complete list of holdings, visit the XLF Holdings page » The chart below shows the one year price performance of XLF, versus its 200 day moving average: Looking at the chart above, XLF's low point in its 52 week range is $30.39 per share, with $37.71 as the 52 week high point — that compares with a last trade of $37.31. 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 The Financial Select Sector SPDR Fund (Symbol: XLF) where we have detected an approximate $117.6 million dollar outflow -- that's a 0.3% decrease week over week (from 902,750,000 to 899,600,000). Among the largest underlying components of XLF, in trading today Berkshire Hathaway Inc New (Symbol: BRK.B) is up about 1%, Mastercard Inc (Symbol: MA) is up about 0.9%, and Standard and Poors Global Inc (Symbol: SPGI) is higher by about 0.1%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
1150e462-0abc-4f1f-9e03-764bfe52fd0b
|
711302.0
|
2023-12-15 00:00:00 UTC
|
MDY, GDDY, CSL, GGG: Large Inflows Detected at ETF
|
DCOMP
|
https://www.nasdaq.com/articles/mdy-gddy-csl-ggg%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 SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $200.2 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 40,320,000 to 40,720,000). Among the largest underlying components of MDY, in trading today GoDaddy Inc (Symbol: GDDY) is up about 0.5%, Carlisle Companies Inc. (Symbol: CSL) is down about 1.1%, and Graco Inc (Symbol: GGG) is lower by about 0.5%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average:
Looking at the chart above, MDY's low point in its 52 week range is $424.22 per share, with $508.70 as the 52 week high point — that compares with a last trade of $502.05. 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:
Home Furnishing Stores Dividend Stocks
TALO YTD Return
PKBK shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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: Home Furnishing Stores Dividend Stocks TALO YTD Return PKBK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of MDY, in trading today GoDaddy Inc (Symbol: GDDY) is up about 0.5%, Carlisle Companies Inc. (Symbol: CSL) is down about 1.1%, and Graco Inc (Symbol: GGG) is lower by about 0.5%. For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $424.22 per share, with $508.70 as the 52 week high point — that compares with a last trade of $502.05. 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 MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $200.2 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 40,320,000 to 40,720,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $424.22 per share, with $508.70 as the 52 week high point — that compares with a last trade of $502.05. 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 MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $200.2 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 40,320,000 to 40,720,000). For a complete list of holdings, visit the MDY Holdings page » The chart below shows the one year price performance of MDY, versus its 200 day moving average: Looking at the chart above, MDY's low point in its 52 week range is $424.22 per share, with $508.70 as the 52 week high point — that compares with a last trade of $502.05. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
a8c1613b-29b9-43e1-900f-62083f984597
|
711303.0
|
2023-12-15 00:00:00 UTC
|
SPDR S&P Oil & Gas Exploration & Production ETF Experiences Big Outflow
|
DCOMP
|
https://www.nasdaq.com/articles/spdr-sp-oil-gas-exploration-production-etf-experiences-big-outflow-2
|
nan
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nan
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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 Oil & Gas Exploration & Production ETF (Symbol: XOP) where we have detected an approximate $362.2 million dollar outflow -- that's a 10.2% decrease week over week (from 26,100,000 to 23,450,000). Among the largest underlying components of XOP, in trading today Chord Energy Corp (Symbol: CHRD) is up about 1.5%, Diamondback Energy, Inc. (Symbol: FANG) is up about 2.2%, and Pioneer Natural Resources Co (Symbol: PXD) is higher by about 1.5%. For a complete list of holdings, visit the XOP Holdings page » The chart below shows the one year price performance of XOP, versus its 200 day moving average:
Looking at the chart above, XOP's low point in its 52 week range is $114.16 per share, with $154.66 as the 52 week high point — that compares with a last trade of $138.20. 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 experienced notable outflows »
Also see:
CSTR Insider Buying
ALVR Options Chain
Top Ten Hedge Funds Holding BRDG
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: CSTR Insider Buying ALVR Options Chain Top Ten Hedge Funds Holding BRDG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For a complete list of holdings, visit the XOP Holdings page » The chart below shows the one year price performance of XOP, versus its 200 day moving average: Looking at the chart above, XOP's low point in its 52 week range is $114.16 per share, with $154.66 as the 52 week high point — that compares with a last trade of $138.20. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. 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 SPDR S&P Oil & Gas Exploration & Production ETF (Symbol: XOP) where we have detected an approximate $362.2 million dollar outflow -- that's a 10.2% decrease week over week (from 26,100,000 to 23,450,000). For a complete list of holdings, visit the XOP Holdings page » The chart below shows the one year price performance of XOP, versus its 200 day moving average: Looking at the chart above, XOP's low point in its 52 week range is $114.16 per share, with $154.66 as the 52 week high point — that compares with a last trade of $138.20. 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 Oil & Gas Exploration & Production ETF (Symbol: XOP) where we have detected an approximate $362.2 million dollar outflow -- that's a 10.2% decrease week over week (from 26,100,000 to 23,450,000). For a complete list of holdings, visit the XOP Holdings page » The chart below shows the one year price performance of XOP, versus its 200 day moving average: Looking at the chart above, XOP's low point in its 52 week range is $114.16 per share, with $154.66 as the 52 week high point — that compares with a last trade of $138.20. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
|
d8cdfdb3-7755-4825-92f1-7e081986c2b7
|
711304.0
|
2023-12-15 00:00:00 UTC
|
SPDR S&P 400 Mid Cap Value ETF Experiences Big Inflow
|
DCOMP
|
https://www.nasdaq.com/articles/spdr-sp-400-mid-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 400 Mid Cap Value ETF (Symbol: MDYV) where we have detected an approximate $565.8 million dollar inflow -- that's a 23.9% increase week over week in outstanding units (from 32,600,000 to 40,400,000). Among the largest underlying components of MDYV, in trading today Toll Brothers Inc. (Symbol: TOL) is down about 1.5%, XPO Inc (Symbol: XPO) is up about 1.6%, and Fortune Brands Innovations Inc (Symbol: FBIN) is lower by about 1.6%. For a complete list of holdings, visit the MDYV Holdings page » The chart below shows the one year price performance of MDYV, versus its 200 day moving average:
Looking at the chart above, MDYV's low point in its 52 week range is $59.6701 per share, with $75.02 as the 52 week high point — that compares with a last trade of $72.54. 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:
CNP RSI
Funds Holding ABY
Top Ten Hedge Funds Holding ARCS
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. Funds Holding ABY Top Ten Hedge Funds Holding ARCS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For a complete list of holdings, visit the MDYV Holdings page » The chart below shows the one year price performance of MDYV, versus its 200 day moving average: Looking at the chart above, MDYV's low point in its 52 week range is $59.6701 per share, with $75.02 as the 52 week high point — that compares with a last trade of $72.54. 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''. Funds Holding ABY Top Ten Hedge Funds Holding ARCS 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 SPDR S&P 400 Mid Cap Value ETF (Symbol: MDYV) where we have detected an approximate $565.8 million dollar inflow -- that's a 23.9% increase week over week in outstanding units (from 32,600,000 to 40,400,000). For a complete list of holdings, visit the MDYV Holdings page » The chart below shows the one year price performance of MDYV, versus its 200 day moving average: Looking at the chart above, MDYV's low point in its 52 week range is $59.6701 per share, with $75.02 as the 52 week high point — that compares with a last trade of $72.54. 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 400 Mid Cap Value ETF (Symbol: MDYV) where we have detected an approximate $565.8 million dollar inflow -- that's a 23.9% increase week over week in outstanding units (from 32,600,000 to 40,400,000). 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''. 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).
|
44071d89-0967-406f-ae97-cedfe4ac25bf
|
711305.0
|
2023-12-15 00:00:00 UTC
|
The Energy Select Sector SPDR Fund Experiences Big Outflow
|
DCOMP
|
https://www.nasdaq.com/articles/the-energy-select-sector-spdr-fund-experiences-big-outflow-6
|
nan
|
nan
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Energy Select Sector SPDR Fund (Symbol: XLE) where we have detected an approximate $472.1 million dollar outflow -- that's a 1.3% decrease week over week (from 440,170,000 to 434,570,000). Among the largest underlying components of XLE, in trading today EOG Resources, Inc. (Symbol: EOG) is up about 1.3%, Marathon Petroleum Corp. (Symbol: MPC) is up about 2.8%, and Phillips 66 (Symbol: PSX) is up by about 2.1%. For a complete list of holdings, visit the XLE Holdings page » The chart below shows the one year price performance of XLE, versus its 200 day moving average:
Looking at the chart above, XLE's low point in its 52 week range is $75.355 per share, with $93.685 as the 52 week high point — that compares with a last trade of $84.83. 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 experienced notable outflows »
Also see:
UVE Price Target
SBCF Historical Stock Prices
Top Ten Hedge Funds Holding EYES
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 The Energy Select Sector SPDR Fund (Symbol: XLE) where we have detected an approximate $472.1 million dollar outflow -- that's a 1.3% decrease week over week (from 440,170,000 to 434,570,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs experienced notable outflows » Also see: UVE Price Target SBCF Historical Stock Prices Top Ten Hedge Funds Holding EYES 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 XLE, in trading today EOG Resources, Inc. (Symbol: EOG) is up about 1.3%, Marathon Petroleum Corp. (Symbol: MPC) is up about 2.8%, and Phillips 66 (Symbol: PSX) is up by about 2.1%. For a complete list of holdings, visit the XLE Holdings page » The chart below shows the one year price performance of XLE, versus its 200 day moving average: Looking at the chart above, XLE's low point in its 52 week range is $75.355 per share, with $93.685 as the 52 week high point — that compares with a last trade of $84.83. Click here to find out which 9 other ETFs experienced notable outflows » Also see: UVE Price Target SBCF Historical Stock Prices Top Ten Hedge Funds Holding EYES 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 The Energy Select Sector SPDR Fund (Symbol: XLE) where we have detected an approximate $472.1 million dollar outflow -- that's a 1.3% decrease week over week (from 440,170,000 to 434,570,000). For a complete list of holdings, visit the XLE Holdings page » The chart below shows the one year price performance of XLE, versus its 200 day moving average: Looking at the chart above, XLE's low point in its 52 week range is $75.355 per share, with $93.685 as the 52 week high point — that compares with a last trade of $84.83. 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 The Energy Select Sector SPDR Fund (Symbol: XLE) where we have detected an approximate $472.1 million dollar outflow -- that's a 1.3% decrease week over week (from 440,170,000 to 434,570,000). Among the largest underlying components of XLE, in trading today EOG Resources, Inc. (Symbol: EOG) is up about 1.3%, Marathon Petroleum Corp. (Symbol: MPC) is up about 2.8%, and Phillips 66 (Symbol: PSX) is up by about 2.1%. For a complete list of holdings, visit the XLE Holdings page » The chart below shows the one year price performance of XLE, versus its 200 day moving average: Looking at the chart above, XLE's low point in its 52 week range is $75.355 per share, with $93.685 as the 52 week high point — that compares with a last trade of $84.83.
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5e4b2ebc-58a7-4ec9-92d4-b575601b7ec0
|
711306.0
|
2023-12-15 00:00:00 UTC
|
Notable ETF Outflow Detected - IWB, TSLA, LLY, JNJ
|
DCOMP
|
https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwb-tsla-lly-jnj
|
nan
|
nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $584.9 million dollar outflow -- that's a 1.8% decrease week over week (from 125,400,000 to 123,150,000). Among the largest underlying components of IWB, in trading today Tesla Inc (Symbol: TSLA) is up about 1.8%, Eli Lilly (Symbol: LLY) is up about 1.9%, and Johnson & Johnson (Symbol: JNJ) is relatively unchanged. For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average:
Looking at the chart above, IWB's low point in its 52 week range is $206.23 per share, with $261.35 as the 52 week high point — that compares with a last trade of $261.13. 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 experienced notable outflows »
Also see:
Seth Klarman Stock Picks
PTLO Options Chain
FDS 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.
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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: Seth Klarman Stock Picks PTLO Options Chain FDS 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.
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For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $206.23 per share, with $261.35 as the 52 week high point — that compares with a last trade of $261.13. 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). Click here to find out which 9 other ETFs experienced notable outflows » Also see: Seth Klarman Stock Picks PTLO Options Chain FDS 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.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $584.9 million dollar outflow -- that's a 1.8% decrease week over week (from 125,400,000 to 123,150,000). For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $206.23 per share, with $261.35 as the 52 week high point — that compares with a last trade of $261.13. 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.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $584.9 million dollar outflow -- that's a 1.8% decrease week over week (from 125,400,000 to 123,150,000). For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $206.23 per share, with $261.35 as the 52 week high point — that compares with a last trade of $261.13. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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73006e9c-f7f9-4bd6-9cab-5456d40ff9d9
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711307.0
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2023-12-15 00:00:00 UTC
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iShares Semiconductor ETF Experiences Big Outflow
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DCOMP
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https://www.nasdaq.com/articles/ishares-semiconductor-etf-experiences-big-outflow-3
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Semiconductor ETF (Symbol: SOXX) where we have detected an approximate $284.7 million dollar outflow -- that's a 2.8% decrease week over week (from 17,900,000 to 17,400,000). Among the largest underlying components of SOXX, in trading today KLA Corp (Symbol: KLAC) is off about 0.9%, Micron Technology Inc. (Symbol: MU) is off about 0.2%, and Microchip Technology Inc (Symbol: MCHP) is lower by about 0.9%. For a complete list of holdings, visit the SOXX Holdings page » The chart below shows the one year price performance of SOXX, versus its 200 day moving average:
Looking at the chart above, SOXX's low point in its 52 week range is $336.15 per share, with $575.73 as the 52 week high point — that compares with a last trade of $565.86. 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 experienced notable outflows »
Also see:
CDx3 Weekly Preferred Stock Newsletter
Top Ten Hedge Funds Holding EDOG
XRX Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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: CDx3 Weekly Preferred Stock Newsletter Top Ten Hedge Funds Holding EDOG XRX Next Dividend Date The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the SOXX Holdings page » The chart below shows the one year price performance of SOXX, versus its 200 day moving average: Looking at the chart above, SOXX's low point in its 52 week range is $336.15 per share, with $575.73 as the 52 week high point — that compares with a last trade of $565.86. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. 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).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Semiconductor ETF (Symbol: SOXX) where we have detected an approximate $284.7 million dollar outflow -- that's a 2.8% decrease week over week (from 17,900,000 to 17,400,000). For a complete list of holdings, visit the SOXX Holdings page » The chart below shows the one year price performance of SOXX, versus its 200 day moving average: Looking at the chart above, SOXX's low point in its 52 week range is $336.15 per share, with $575.73 as the 52 week high point — that compares with a last trade of $565.86. 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.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Semiconductor ETF (Symbol: SOXX) where we have detected an approximate $284.7 million dollar outflow -- that's a 2.8% decrease week over week (from 17,900,000 to 17,400,000). For a complete list of holdings, visit the SOXX Holdings page » The chart below shows the one year price performance of SOXX, versus its 200 day moving average: Looking at the chart above, SOXX's low point in its 52 week range is $336.15 per share, with $575.73 as the 52 week high point — that compares with a last trade of $565.86. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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4ddd1655-daf5-4b30-9cb6-a2a969f8dda6
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711308.0
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2023-12-15 00:00:00 UTC
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This Strategy Trounced the S&P 500 in 2023. Here's How.
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DCOMP
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https://www.nasdaq.com/articles/this-strategy-trounced-the-sp-500-in-2023.-heres-how.
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nan
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nan
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Back in December 2012, I launched the Inflation Protected Income Growth Portfolio. It was a real-money investment portfolio that attempted to invest in a way to provide dividend-like income that increased in value faster than inflation every year.
While the editorial feature around the portfolio shut down, the invested capital remains my own money. Since I believe in the strategy behind it, I'm continuing to operate the account behind that portfolio in largely the same way.
When it comes to providing that income growth, 2023 was a great year for the account. Not only did its income beat the official inflation rate, but its dividend growth trounced the S&P 500's, as measured by the SPDR S&P 500 ETF (NYSEMKT: SPY), which seeks to track that index. Here's how this strategy trounced the S&P 500 by that dividend growth measure this year.
Image source: Getty Images.
How did the competition wind up?
The table below shows the quarterly dividends declared by the SPDR S&P 500 ETF in 2022 and 2023.
QUARTER
2022
2023
CHANGE
January, February, March
$1.366
$1.506
10.25%
April, May, June
$1.577
$1.638
3.87%
July, August, September
$1.596
$1.583
(0.81%)
October, November, December
$1.781
$1.906
7.02%
Total
$6.320
$6.633
4.95%
Data source: Yahoo! Finance.
That tracking ETF managed to hand its investors a respectable 4.95% increase in payments between 2022 and 2023. Compared to the Consumer Price Index's 3.1% reported rise in inflation over the past 12 months, the index certainly turned in a respectable performance from a dividend growth perspective.
Despite that solid performance by the index, the account that holds the former Inflation Protected Income Growth Portfolio performed more than twice as well from that perspective. The table below shows the cash dividends received each quarter over the same two years, including ones declared for payment in December 2023 though not yet paid.
QUARTER
2022
2023
CHANGE
January, February, March
$711.55
$811.27
14.01%
April, May, June
$742.83
$819.20
10.28%
July, August, September
$781.78
$837.01
7.06%
October, November, December
$793.95
$872.77
9.93%
Total
$3,030.11
$3,340.25
10.24%
Data source: The brokerage account of the former Inflation Protected Income Growth Portfolio.
From an operational perspective, no money has been added to or removed from that account since its launch, and all taxes from the investment returns have been paid from other funds. Dividends received by the account have been retained as cash and opportunistically invested as conditions allow.
Where the account's outperformance came from
There are two primary reasons why this account saw its dividend income grow faster than the overall S&P 500's. First and foremost, it was designed to seek out dividend growth. To be included in it, a company had to pay a dividend, have regularly increased its dividends, and look capable of continuing to increase its dividends in the future.
Contrast that with the S&P 500, where the primary requirement to be included is to be one of the 500 largest U.S.-based publicly traded companies.
The account's set of requirements led to picks like Texas Instruments (NASDAQ: TXN), which was bought for the account in January 2013. At the time, Texas Instruments had recently increased its dividend to $0.21 per share per quarter, which was the company's tenth increase in the previous nine years.
In 2023, Texas Instruments continued its trend, boosting its quarterly payout to $1.30 per share, marking 20 straight years of increases. With a payout ratio of around 65% of the company's earnings, Texas Instruments will need to rely on continued operating growth to support its continued rising dividends. As analysts expect it to be able to increase its earnings by around 10% annualized over the next five years, it has the potential to continue its dividend streak if that growth materializes.
The second reason is the fact that this account keeps its dividends hanging around, prepared to reinvest when the opportunity arises. That cash provided a decent chunk of the $12,000 I invested in Fifth Third Bancorp earlier this year, just before it also increased its dividend.
Similar to Texas Instruments, I saw Fifth Third Bancorp as a company with a decent history of dividend growth and a good reason to believe it could continue. It provided a very clear example of how a paid and growing dividend, reinvested in companies that also look capable of paying and increasing their dividends, could ultimately drive powerful compounding.
Is this strategy for you?
As awesome as this dividend growth focused investing strategy has performed at its primary goal in 2023, it has its own share of risks. Dividends are never guaranteed payments. If a company cuts its dividend, its share price will often fall as well. That combination could cause you to lose both your dividend income and the capital that provided it, making it very difficult to recover from a cut.
Because of that reality, it's important to keep an eye on companies' payout ratios, growth prospects, and balance sheets. Those factors play a key role in determining whether a dividend can be maintained.
Any investor looking to follow a similar strategy should prepared to watch those factors like a hawk. Being ready to sell before a cut happens can be the difference maker when it comes to protecting your capital.
Still, as this year showed, when it's working well, a dividend growth focused approach can provide an increasing income stream. To get those payments, though, you must be invested in the stocks that pay them before they go ex-dividend and hold at least until their ex-dividend dates.
If you're interested in this type of investing strategy, make today the day you get started seeking out companies that might fit. If you wind up with this type of market-trouncing dividend growth in your own portfolio, you'll be glad you did.
Should you invest $1,000 in Texas Instruments right now?
Before you buy stock in Texas Instruments, 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 Texas Instruments 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
Chuck Saletta has positions in Fifth Third Bancorp and Texas Instruments. The Motley Fool has positions in and recommends Texas Instruments. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Not only did its income beat the official inflation rate, but its dividend growth trounced the S&P 500's, as measured by the SPDR S&P 500 ETF (NYSEMKT: SPY), which seeks to track that index. January, February, March $1.366 $1.506 10.25% April, May, June $1.577 $1.638 3.87% July, August, September $1.596 $1.583 (0.81%) October, November, December $1.781 $1.906 7.02% Total $6.320 $6.633 4.95% Data source: Yahoo! January, February, March $711.55 $811.27 14.01% April, May, June $742.83 $819.20 10.28% July, August, September $781.78 $837.01 7.06% October, November, December $793.95 $872.77 9.93% Total $3,030.11 $3,340.25 10.24% Data source: The brokerage account of the former Inflation Protected Income Growth Portfolio.
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January, February, March $1.366 $1.506 10.25% April, May, June $1.577 $1.638 3.87% July, August, September $1.596 $1.583 (0.81%) October, November, December $1.781 $1.906 7.02% Total $6.320 $6.633 4.95% Data source: Yahoo! Despite that solid performance by the index, the account that holds the former Inflation Protected Income Growth Portfolio performed more than twice as well from that perspective. January, February, March $711.55 $811.27 14.01% April, May, June $742.83 $819.20 10.28% July, August, September $781.78 $837.01 7.06% October, November, December $793.95 $872.77 9.93% Total $3,030.11 $3,340.25 10.24% Data source: The brokerage account of the former Inflation Protected Income Growth Portfolio.
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To be included in it, a company had to pay a dividend, have regularly increased its dividends, and look capable of continuing to increase its dividends in the future. At the time, Texas Instruments had recently increased its dividend to $0.21 per share per quarter, which was the company's tenth increase in the previous nine years. Before you buy stock in Texas Instruments, 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 Texas Instruments wasn't one of them.
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At the time, Texas Instruments had recently increased its dividend to $0.21 per share per quarter, which was the company's tenth increase in the previous nine years. Should you invest $1,000 in Texas Instruments right now? Before you buy stock in Texas Instruments, 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 Texas Instruments wasn't one of them.
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e114fdb9-fdbe-4efb-b9bb-d6f1c23ced17
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711309.0
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2023-12-15 00:00:00 UTC
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Why Novo Nordisk Stock Is Moving Higher Today
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DCOMP
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https://www.nasdaq.com/articles/why-novo-nordisk-stock-is-moving-higher-today
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nan
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nan
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Shares of Novo Nordisk (NYSE: NVO) were moving 2.3% higher as of 10:24 a.m. ET on Monday. The gain appeared to be the result of two factors, one of which is specific to the big drugmaker.
First, the overall stock market was up Monday morning. Second, Reuters reported on Sunday evening that the Indian online marketplace IndiaMART is working to stop illegal sales of Novo Nordisk's weight loss drug Wegovy.
How big is IndiaMART's move for Novo Nordisk?
Novo Nordisk hasn't officially launched Wegovy or its sibling product, Ozempic, in India. Both products are actually the same drug (semaglutide), but Wegovy targets weight loss while Ozempic targets type 2 diabetes. The big drugmaker hopes to launch Wegovy in the Indian market in 2026 contingent upon obtaining the necessary regulatory approvals.
However, IndiaMART's steps to curtail illegal sales of Wegovy nonetheless help Novo Nordisk right now. That's because India allows the sales of drugs that have been approved in other countries to be imported and sold in the country if an Indian company obtains an import license. Also, anything that IndiaMART does over the near term to reduce the illegal selling of Wegovy should benefit Novo Nordisk when it officially introduces the drug in India.
Is Novo Nordisk stock a buy?
Sales for Ozempic and Wegovy should continue to soar. I expect Novo Nordisk stock to rise again in 2024 as a result. However, Eli Lilly's tirzepatide, which is marketed as Mounjaro in treating type 2 diabetes and Zepbound in treating weight loss, appears to have an efficacy advantage over Novo Nordisk's Ozempic and Wegovy. I don't think that Novo Nordisk stock is a bad pick, but I think that Eli Lilly is an even better pharma stock to buy.
Should you invest $1,000 in Novo Nordisk right now?
Before you buy stock in Novo Nordisk, 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 Novo Nordisk 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 Speights has no position in any of the stocks mentioned. The Motley Fool recommends Novo Nordisk. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Second, Reuters reported on Sunday evening that the Indian online marketplace IndiaMART is working to stop illegal sales of Novo Nordisk's weight loss drug Wegovy. The big drugmaker hopes to launch Wegovy in the Indian market in 2026 contingent upon obtaining the necessary regulatory approvals. Also, anything that IndiaMART does over the near term to reduce the illegal selling of Wegovy should benefit Novo Nordisk when it officially introduces the drug in India.
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Second, Reuters reported on Sunday evening that the Indian online marketplace IndiaMART is working to stop illegal sales of Novo Nordisk's weight loss drug Wegovy. Both products are actually the same drug (semaglutide), but Wegovy targets weight loss while Ozempic targets type 2 diabetes. Before you buy stock in Novo Nordisk, 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 Novo Nordisk wasn't one of them.
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Second, Reuters reported on Sunday evening that the Indian online marketplace IndiaMART is working to stop illegal sales of Novo Nordisk's weight loss drug Wegovy. I don't think that Novo Nordisk stock is a bad pick, but I think that Eli Lilly is an even better pharma stock to buy. Before you buy stock in Novo Nordisk, 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 Novo Nordisk wasn't one of them.
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Second, Reuters reported on Sunday evening that the Indian online marketplace IndiaMART is working to stop illegal sales of Novo Nordisk's weight loss drug Wegovy. How big is IndiaMART's move for Novo Nordisk? Before you buy stock in Novo Nordisk, 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 Novo Nordisk wasn't one of them.
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e0d070ab-5526-4249-bc68-36cc3d62a998
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711310.0
|
2023-12-15 00:00:00 UTC
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Is Kyndryl Holdings a Top Stock to Buy in 2024?
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DCOMP
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https://www.nasdaq.com/articles/is-kyndryl-holdings-a-top-stock-to-buy-in-2024
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nan
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nan
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Kyndryl Holdings (NYSE: KD), the old managed infrastructure segment that IBM spun off as a stand-alone company in late 2021, rallied in 2023. The stock is up 65% in 2023 with just a couple weeks to go until 2024, a partial reverse from its precipitous fall after its publicly traded debut a couple years ago.
After its separation from IBM, Kyndryl has been restructuring for a new era of information technology -- and not just by making a maddening change from a fiscal year aligning with the calendar year to one ending every March. (The most recent Q2 fiscal 2024 was for the three-month period ended in September 2023). Kyndryl has been offloading unprofitable business as it steers its customers to a hybrid cloud strategy. With this migration now well underway, is Kyndryl stock still a top buy for 2024?
What is "managed infrastructure," anyway?
Before delving into Kyndryl's path forward, let's address what it does in the first place. Remember IBM mainframes? These days such machines may be referred to as servers, big computers, or, in some tech company reports, enterprise (or non-cloud) computers.
Basically, a mainframe is a powerful on-premises computer (one not housed in a data center) that's responsible for some heavy lifting for a company -- like crunching data before it heads for long-term storage, handling financial transactions, or filtering data to help an organization make financial plans and projections.
The cloud is all the rage these days. The public cloud, provided by companies like Amazon's AWS or Microsoft's Azure, is a shared data center-based infrastructure accessed via the internet. The new IBM post-Kyndryl split is focused on "hybrid cloud," whereby a large organization uses public cloud infrastructure as well as its own privately owned and operated data centers.
So where does that leave a company like Kyndryl, which provides consulting and management services for the mainframe computing of yesteryear (or yester-decade)?
As it turns out, a hybrid cloud IT strategy still makes plenty of use of on-premises mainframes. Some data is just too critical or sensitive to be offloaded to a remote data center. So to this day, even left to its own devices, Kyndryl remains a close collaborator and business partner to the "new" hybrid cloud IBM.
It's not just "new IBM," it's "new Kyndryl," too
That said, when Kyndryl was separated from IBM a couple of years ago, it looked like nothing more than a collection of IBM's unwanted no-growth and no-profit businesses -- and it was sandbagged with ample debt IBM didn't want, to boot.
Data by YCharts.
But Kyndryl is fixing these problems by walking away from low- or no-margin mainframe business and instead promoting its higher-margin consulting and management services aimed at hybrid cloud. Today even mainframe management services tend to have flexible pricing like cloud computing platforms. And in a sign of the times, of course the catchphrase "AI" is being bandied about even when it comes to mainframe management.
Kyndryl's pivot is showing early signs of success. Q2 fiscal 2024 (again, the three months ended in September 2023) declined 3% year over year to $4.1 billion. But according to generally accepted accounting principles (GAAP), net losses narrowed to $142 million, compared to a net loss of $281 million last year.
However, much of that GAAP net loss is due to noncash depreciation expenses on property and equipment and the amortization of intangible assets (both items expensed in the past, but their costs were realized over time for tax purposes). So, promisingly, Kyndryl's preferred adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) was $574 million, up 34% from the same period a year ago.
Queue up the buy for 2024?
For value investors looking to scoop up a hot deal, Kyndryl stock might check off some boxes. While the top-line revenue print is far from flattering, Kyndryl is making real and measurable progress on profitability. And the stock trades for 19 times trailing 12-month EBITDA -- a deal indeed if the company keeps making rapid advances on profit margins in the years ahead.
But some investors may not want to babysit a stock like this. Kyndryl is, after all, a rebound story in a very low-growth niche of the overall growing IT industry. Kyndryl doesn't pay a dividend, nor does it meaningfully repurchase stock -- at least not yet.
For most tech investors, Kyndryl is probably not a buy-now stock. Nevertheless, if unearthing stocks that do not reflect the full value of future business potential is your bag, Kyndryl might be worth doing some digging on.
Should you invest $1,000 in Kyndryl right now?
Before you buy stock in Kyndryl, 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 Kyndryl 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. Nicholas Rossolillo has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Microsoft. The Motley Fool recommends International Business Machines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The public cloud, provided by companies like Amazon's AWS or Microsoft's Azure, is a shared data center-based infrastructure accessed via the internet. But Kyndryl is fixing these problems by walking away from low- or no-margin mainframe business and instead promoting its higher-margin consulting and management services aimed at hybrid cloud. So, promisingly, Kyndryl's preferred adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) was $574 million, up 34% from the same period a year ago.
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But according to generally accepted accounting principles (GAAP), net losses narrowed to $142 million, compared to a net loss of $281 million last year. Before you buy stock in Kyndryl, 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 Kyndryl wasn't one of them. The Motley Fool recommends International Business Machines.
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After its separation from IBM, Kyndryl has been restructuring for a new era of information technology -- and not just by making a maddening change from a fiscal year aligning with the calendar year to one ending every March. It's not just "new IBM," it's "new Kyndryl," too That said, when Kyndryl was separated from IBM a couple of years ago, it looked like nothing more than a collection of IBM's unwanted no-growth and no-profit businesses -- and it was sandbagged with ample debt IBM didn't want, to boot. Before you buy stock in Kyndryl, 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 Kyndryl wasn't one of them.
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The new IBM post-Kyndryl split is focused on "hybrid cloud," whereby a large organization uses public cloud infrastructure as well as its own privately owned and operated data centers. And the stock trades for 19 times trailing 12-month EBITDA -- a deal indeed if the company keeps making rapid advances on profit margins in the years ahead. Before you buy stock in Kyndryl, 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 Kyndryl wasn't one of them.
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711311.0
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2023-12-15 00:00:00 UTC
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Some Potential 2024 Winners Reside in QQQ, QQQM
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https://www.nasdaq.com/articles/some-potential-2024-winners-reside-in-qqq-qqqm
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It’s the time of year when investors are treated to a slew of market predictions for the next year. The onslaught of those offerings is dizzying. Add those predictions up and it’s likely market participants can absorb hundreds of stock picks for the year ahead. That's neither efficient nor practical for many investors to have portfolios populated in the dozens or hundreds. The good news is that some of the stocks market observers are most bullish on for 2024 are found in several familiar, cost-effective ETFs. Those include the Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM).
The two Nasdaq-100 Index (NDX)-tracking ETFs have delivered stellar showings this year. They have surged 52.22% as of December 15. QQQ and QQQM may not deliver comparable performances in 2024. But more upside is possible for the ETFs next year. That's assuming predictions about some of the funds’ holdings prove accurate.
Familiar Names Could Lift QQQ, QQQM in 2024
This year, QQQ and QQQM benefited in large part from significant exposure to the magnificent seven. That group includes Apple, Alphabet (Google), Meta Platforms, Amazon.com, Nvidia, Microsoft, and Tesla. On aggregate basis, that group delivered jaw-dropping showings this year. Some analysts believe it’s possible some of the super seven could build on 2023 gains next year.
Alphabet is “expected to grow as fast as Microsoft, with earnings forecast to be up 15% in 2024, three times as quickly as Apple’s 5% growth. Yet its stock trades for just 20 times earnings, a discount to both Microsoft and Apple’s 30 times, despite gaining 50% this year,” reported Andrew Bary for Barron’s. “Investors have been worried about slowing growth in Alphabet’s cloud computing division, the threat that artificial intelligence poses to its search business, and antitrust scrutiny. Those issues look manageable.”
QQQ and QQQM have long been associated with growth investing. That's rightfully so given the ETFs’ large weights to tech and communication services stocks. But it might surprise some investors to learn the funds have some defensive exposure.
Take the case of Pepsico (PEP), which is the second-largest consumer staples holding in the ETFs behind Costco (COST).
“Fears that weight-loss drugs will curb snacking caused PepsiCo stock, at $168, to drop 7% in 2023. A confident Pepsi, though, said in October that it expects to deliver per-share earnings growth at the top of its high-single-digit annual target in 2024 after a projected 13% gain this year. And the stock trades for 20.6 times next year’s projected earnings, below its five-year average. It also yields 3% and has raised its dividend for 51 straight years, including a 10% increase this past summer,” according to Barron’s.
For more news, information, and analysis, visit the ETF Education Channel.
Read more on ETFTrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alphabet is “expected to grow as fast as Microsoft, with earnings forecast to be up 15% in 2024, three times as quickly as Apple’s 5% growth. “Investors have been worried about slowing growth in Alphabet’s cloud computing division, the threat that artificial intelligence poses to its search business, and antitrust scrutiny. A confident Pepsi, though, said in October that it expects to deliver per-share earnings growth at the top of its high-single-digit annual target in 2024 after a projected 13% gain this year.
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Those include the Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM). That group includes Apple, Alphabet (Google), Meta Platforms, Amazon.com, Nvidia, Microsoft, and Tesla. And the stock trades for 20.6 times next year’s projected earnings, below its five-year average.
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It’s the time of year when investors are treated to a slew of market predictions for the next year. Familiar Names Could Lift QQQ, QQQM in 2024 This year, QQQ and QQQM benefited in large part from significant exposure to the magnificent seven. Yet its stock trades for just 20 times earnings, a discount to both Microsoft and Apple’s 30 times, despite gaining 50% this year,” reported Andrew Bary for Barron’s.
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QQQ and QQQM may not deliver comparable performances in 2024. That's assuming predictions about some of the funds’ holdings prove accurate. Yet its stock trades for just 20 times earnings, a discount to both Microsoft and Apple’s 30 times, despite gaining 50% this year,” reported Andrew Bary for Barron’s.
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711312.0
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2023-12-15 00:00:00 UTC
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Visa (V) to Expand Footprint in Mexico With Prosa Acquisition
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https://www.nasdaq.com/articles/visa-v-to-expand-footprint-in-mexico-with-prosa-acquisition
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Visa Inc. V recently announced a definitive agreement to purchase majority shares in Prosa, a payments processor in Mexico. This move is expected to expand Visa’s footprint in the country, enabling it to offer innovative and secure solutions for consumers. Prosa will continue operating as an independent firm while also benefiting from Visa’s new suite of digital solutions and its global network. Pending regulatory approvals and other customary closing conditions, the transaction is expected to be closed by the second half of 2024.
This move bodes well for Visa as expanding its footprint in new regions is expected to boost its payment volumes in the future. Mexico’s increasing Internet penetration and a rise in digital transactions are expected to boost Visa’s business in the region. Visa’s acquisition strategy is part of its network of networks plan, wherein it enhances its technology by leveraging other global technologies from around the world.
This move will help Visa promote digitization and financial inclusion in Mexico by developing new ways for businesses and consumers to transact with each other. Prosa will be able to offer new benefits to cardholders in Mexico, along with Visa’s services, like tokenized payments. Visa’s solutions will enable real-time processing of transactions coupled with greater efficiency, poising the Mexican market and Visa’s prospects well for growth.
Prosa will also offer micro and small businesses new digital options, enabling them to accept new forms of payments. With Visa’s innovative products, businesses will be able to analyze transaction data and infer trends from it, helping them make better decisions and improve the experience for cardholders. E-commerce transactions will also get a boost as Visa’s solutions will ensure a more efficient and trustworthy infrastructure for transactions.
Shares of Visa have gained 26% in the past year compared with the industry’s 21.8% growth. V currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and RB Global, Inc. RBA. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and RB Global carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of RCM Technologies outpaced estimates in two of the last four quarters and missed the mark twice, the average surprise being 13.3%. The Zacks Consensus Estimate for RCMT’s 2023 earnings suggests an improvement of 1% from the year-ago reported figure. The consensus mark for RCMT’s 2023 earnings has moved 11.1% north in the past 60 days.
APi Group’s earnings outpaced estimates in all the trailing four quarters, the average surprise being 5.9%. The Zacks Consensus Estimate for APG’s 2023 earnings suggests an improvement of 18.1% from the year-ago reported figure. The consensus mark for revenues suggests growth of 6% from the prior-year reading. The consensus mark for APG’s 2023 earnings has moved 4.7% north in the past 60 days.
The bottom line of RB Global outpaced estimates in each of the last four quarters, the average surprise being 18.9%. The Zacks Consensus Estimate for RBA’s 2023 earnings suggests an improvement of 15.4% from the year-ago reported figure. The consensus mark for revenues suggests growth of 111% from the year-ago reported number. The consensus mark for RBA’s 2023 earnings has moved 2.6% north in the past 30 days.
Shares of RCM Technologies, APi Group and RB Global have gained 93.4%, 79.6% and 16.9%, respectively, 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
Visa Inc. (V) : Free Stock Analysis Report
RB Global, Inc. (RBA) : Free Stock Analysis Report
RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report
APi Group Corporation (APG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This move will help Visa promote digitization and financial inclusion in Mexico by developing new ways for businesses and consumers to transact with each other. With Visa’s innovative products, businesses will be able to analyze transaction data and infer trends from it, helping them make better decisions and improve the experience for cardholders. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and RB Global, Inc. RBA. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and RB Global carry a Zacks Rank #2 (Buy) at present. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report RB Global, Inc. (RBA) : Free Stock Analysis Report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and RB Global, Inc. RBA. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and RB Global carry a Zacks Rank #2 (Buy) at present. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report RB Global, Inc. (RBA) : Free Stock Analysis Report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Prosa will be able to offer new benefits to cardholders in Mexico, along with Visa’s services, like tokenized payments. Shares of RCM Technologies, APi Group and RB Global have gained 93.4%, 79.6% and 16.9%, respectively, in the past year. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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2023-12-15 00:00:00 UTC
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FOCUS-Some companies alter diversity policies after conservatives' lawsuit threat
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https://www.nasdaq.com/articles/focus-some-companies-alter-diversity-policies-after-conservatives-lawsuit-threat
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By Jody Godoy and Disha Raychaudhuri
Dec 18 (Reuters) - At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found.
The companies are among 25 that received public shareholder letters since 2021 claiming their diversity, equity and inclusion (DEI) programs constitute illegal discrimination and a breach of the directors' duties to investors.
The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce.
Reuters could not find any publicly available changes to DEI policies instituted by the other 19 companies, including McDonald’s MCD.N and Starbucks SBUX.O. Several companies received letters after putting out their most recent annual reports, where some of the policies are outlined.
A Starbucks spokesperson said the company was committed to a culture of belonging. McDonald's did not respond to a request for comment.
JPMorgan JPM.N received a letter in May 2022, alleging 10 of its DEI initiatives were discriminatory and unlawful. Around February 2023, the descriptions of the bank's "Advancing Hispanics & Latinos" and "Advancing Black Pathways" programs were changed, according to archived versions of its website.
The programs that were previously for Black and Latino students now invite applications from all students, "regardless of background."
"We remain fully committed to an inclusive workforce made up of top talent," said JPMorgan spokesperson Allison Kahn.
Investment manager BlackRock BLK.N, which received a letter in April, removed language stating a scholarship was "designed for" members of specific underrepresented groups.
Ashley Beale, a BlackRock spokesperson, said the company was proud to expand eligibility for the scholarships.
The companies where Reuters found changes included Pizza Hut operator Yum! Brands YUM.N, American Airlines AAL.O and Lowe's LOW.N, which declined to comment. The changes at BlackRock and Lowe's were previously reported. Lee jeans maker Kontoor Brands KTB.N did not respond. Reuters was unable to directly link the diversity program modifications with the lawsuit threats.
The changes show how some of America's biggest businesses have reacted to a larger conservative backlash against diversity initiatives, which multiplied after widespread protests following the police killings of George Floyd and other Black Americans in 2020. The protests spotlighted racial and gender disparities in corporate leadership.
The letters have been sent by two conservative legal organizations: the American Civil Rights Project, founded by Texas attorney Dan Morenoff, and America First Legal, led by Stephen Miller, who was an adviser to Republican former President Donald Trump.
"Baby steps toward compliance, toward the fair and equal treatment of all Americans, are certainly welcome," said Morenoff.
"While we welcome authentic moves by corporations to eliminate racial considerations and comply with the law, we condemn inauthentic changes that use code language to achieve the same result," said Gene Hamilton, general counsel at America First Legal.
Abandoning initiatives to cut through unconscious bias that favors white men will, over time, ensure that people from underrepresented communities don't rise to the top of organizations, said David Thomas, president of Morehouse College.
"(Companies) will be ensuring that 30 years from now the corporate landscape of America looks like a plantation," he said.
Attacks on DEI programs will likely continue as the 2024 U.S. presidential election approaches. Former President Donald Trump and Florida Governor Ron DeSantis, both current presidential hopefuls, have banned various DEI initiatives.
Groups opposed to diversity policies have also been energized by the U.S. Supreme Court ruling in June that struck down affirmative action in university admissions decisions.
The admissions ruling does not directly affect employers, which have long been subject to anti-discrimination laws that bar using race and gender in individual hiring decisions. DEI programs that expand the pool of applicants and remove barriers to advancement are considered legal.
Atinuke Adediran, a professor at Fordham University School of Law, wrote in a forthcoming paper that in 2023 nearly 40% of the 423 companies she studied had adopted targets for racial representation in reports published before May.
LEGAL RISKS?
The letters allege certain DEI policies expose the companies to legal risks and must be abandoned or the groups will sue to hold the directors liable.
America First Legal sent Kontoor Brands a threat letter in July 2022, taking aim at global DEI goals the company set in 2020, including pay incentives for executives to increase gender and racial representation.
The next year, the incentives were instead tied to improving "inclusion" scores on an employee survey without any mention of gender or racial representation, according to a filing Kontoor made in March 2023.
In their most recent executive compensation plans, Yum! Brands removed references to specific racial groups and American Airlines dropped numerical diversity targets.
American said in a July report that it had largely achieved its prior targets and its new goals focus on DEI training and activities.
Shareholders can sue when directors have failed in their duties, such as oversight, but corporate law protects directors' good-faith decisions from lawsuits, creating a high legal bar for the groups' claims if they ever go to court.
Morenoff and conservative shareholder group National Center for Public Policy Research sued Starbucks' directors in November 2022. They accused them of pushing the company to adopt a DEI program to obtain "social-credit" for themselves.
Chief U.S. District Judge Stanley Bastian in Spokane, Washington, dismissed the case in September.
"Courts of law have no business involving themselves with reasonable and legal decisions made by the board of directors," he wrote.
Morenoff said the ruling does not change his view of the law.
Ani Huang, head of the Center On Executive Compensation, said changes like the ones Reuters found were more of a "workaround" to deal with critics than a policy shift, as companies will continue to face calls to improve DEI from shareholders and others.
"In this as in many things, companies are stuck in the middle," she said.
(Additional reporting by Ross Kerber in Boston; Editing by Tom Hals and Anna Driver)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Abandoning initiatives to cut through unconscious bias that favors white men will, over time, ensure that people from underrepresented communities don't rise to the top of organizations, said David Thomas, president of Morehouse College. America First Legal sent Kontoor Brands a threat letter in July 2022, taking aim at global DEI goals the company set in 2020, including pay incentives for executives to increase gender and racial representation. Ani Huang, head of the Center On Executive Compensation, said changes like the ones Reuters found were more of a "workaround" to deal with critics than a policy shift, as companies will continue to face calls to improve DEI from shareholders and others.
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The companies are among 25 that received public shareholder letters since 2021 claiming their diversity, equity and inclusion (DEI) programs constitute illegal discrimination and a breach of the directors' duties to investors. The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce. America First Legal sent Kontoor Brands a threat letter in July 2022, taking aim at global DEI goals the company set in 2020, including pay incentives for executives to increase gender and racial representation.
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By Jody Godoy and Disha Raychaudhuri Dec 18 (Reuters) - At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found. The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce. America First Legal sent Kontoor Brands a threat letter in July 2022, taking aim at global DEI goals the company set in 2020, including pay incentives for executives to increase gender and racial representation.
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The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce. Reuters could not find any publicly available changes to DEI policies instituted by the other 19 companies, including McDonald’s MCD.N and Starbucks SBUX.O. Morenoff said the ruling does not change his view of the law.
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711314.0
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2023-12-15 00:00:00 UTC
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2 Top-Rated Tech Stocks to Buy for 2024 Upside
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https://www.nasdaq.com/articles/2-top-rated-tech-stocks-to-buy-for-2024-upside
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The artificial intelligence (AI) boom this year has taken the tech world by storm. While the tech sector is brimming with options for investors looking to gain exposure, with the industry giants gaining lots of attention, many smaller players also deserve to be recognized.
My first pick is Super Micro Computer (SMCI), whose investors are celebrating this year's outsized gains of 257% YTD, compared to the 42% gain of the tech-heavy NASDAQ Composite ($NASX). Nonetheless, Wall Street expects the stock to rise even higher in the coming year.
My second pick is semiconductor company Semtech (SMTC), whose shares are down 22% YTD - yet analysts believe the stock could soar more than 36% by the end of 2024. Let's look at why these two are the best tech stocks to buy right now.
Super Micro Computer: 13% Upside
Super Micro Computer's dramatic gains this year don’t come as a surprise, given its outstanding efforts to capitalize on AI. SMCI, with a market cap of $16 billion, is smaller than its partners Nvidia (NVDA), Advanced Micro Devices (AMD), and Intel (INTC). Nonetheless, its ability to offer a high-performance computing experience with its servers, without compromising on size, has investors eyeing this growth stock.
SMCI is known for its energy-efficient offerings that align with the growing emphasis on sustainability in technology, serving cloud and edge computing, the Internet of Things (IoT), 5G networks, autonomous driving, and AI servers.
In its recently concluded first quarter of fiscal 2024, total revenue of $2.1 billion increased 13.5% year-over-year. Adjusted earnings per share (EPS) increased slightly to $3.43 from $3.42 in the prior year quarter.
Furthermore, the company is expanding its AI solutions with more efficient and powerful servers, with the help of AMD and Nvidia’s graphic processors.
Because of the high demand for its AI products, management now anticipates total revenue of $10-$11 billion for the full fiscal year, in line with analysts' predictions. Furthermore, analysts anticipate a 47.1% increase in adjusted EPS to $17.37 in fiscal 2024.
Management expects to achieve $20 billion in annual revenue in a "couple of years," a significant increase from the $10 billion to $11 billion revenue forecast for fiscal 2024.
www.barchart.com
SMCI is reasonably priced in comparison to other AI stocks in the industry, trading at 14 times forward earnings and 1.3 times forward sales. In fiscal 2025, revenue and earnings are expected to increase by 17% and 18%, respectively.
Overall, Wall Street rates Super Micro Computer stock as a “strong buy.” Out of the 7 analysts covering the SMCI, 5 rate it as a "strong buy," while 2 rate it as a "hold."
The average target price for SMCI is $340.43, implying expected upside potential of 13.4% over the next 12 months.
www.barchart.com
Semtech Corp: 36% Upside
Semtech, with a market cap of $1.43 billion, is a small company with the potential to grow larger as the AI market develops. The semiconductor industry is cyclical, with demand driven by smartphones and personal computers (PCs). While the larger players remained unaffected this year, smaller companies, such as Semtech, were impacted by slower smartphone and PC demand. Rising inflation also reduced consumer spending on discretionary items, primarily electronics.
www.barchart.com
In the third quarter of fiscal 2024, net sales of $200.9 million increased 13.1% year-over-year, beating analysts’ estimates of $200.5 million. Adjusted EPS came in at $0.02, lower than $0.65 per share in the prior-year quarter, but outperforming analysts' expectations for a loss per share of $0.15.
Operating expenses fell sequentially to $105 million in the third quarter. CFO Mark Lin stated, "We continue to optimize our cost structure with non-GAAP operating expenses and non-GAAP interest expense, each forecasted to sequentially improve in the fourth quarter.” As a result, the company now anticipates that fourth-quarter operating expenses will be reduced by 10% to $74 million (plus or minus $2 million).
One of Semtech's most revolutionary contributions has been the development of LoRa (long-range) technology, a game-changer in the realm of IoT. LoRa technology enables long-distance, low-power communication for IoT devices, allowing for connectivity across vast distances while conserving energy.
Management stated on the Q3 earnings call, “Adoption of LoRa-based solutions in the utility space gained further traction in Q3 with multiple European-based utilities announcing RFPs with a requirement for a LoRa solution.”
Looking ahead to Q4, management anticipates a decrease in net sales from the high-end consumer market due to macroeconomic conditions. In the fourth quarter, total revenue is expected to be around $190 million (plus or minus $10 million). Furthermore, earnings could range from a $0.05 loss per share to a $0.06 profit per share.
Meanwhile, analysts are targeting revenue of around $190.7 million and a loss of $0.04 per share. For the full fiscal year ending January 2024, analysts predict revenue growth of 14.5% to $866.5 million, with EPS of around $0.11. As the demand for IoT connectivity continues to surge, Semtech remains poised to grow.
Overall, Wall Street rates SMTC as a “strong buy.” Out of the 12 analysts covering SMTC, 10 have a “strong buy” recommendation, while one suggests a “moderate buy,” and one rates it a “hold.”
Based on analysts' average price target of $30.50, Wall Street sees potential upside of about 36% over the next 12 months.
www.barchart.com
On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SMCI, with a market cap of $16 billion, is smaller than its partners Nvidia (NVDA), Advanced Micro Devices (AMD), and Intel (INTC). SMCI is known for its energy-efficient offerings that align with the growing emphasis on sustainability in technology, serving cloud and edge computing, the Internet of Things (IoT), 5G networks, autonomous driving, and AI servers. Because of the high demand for its AI products, management now anticipates total revenue of $10-$11 billion for the full fiscal year, in line with analysts' predictions.
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Super Micro Computer: 13% Upside Super Micro Computer's dramatic gains this year don’t come as a surprise, given its outstanding efforts to capitalize on AI. Overall, Wall Street rates Super Micro Computer stock as a “strong buy.” Out of the 7 analysts covering the SMCI, 5 rate it as a "strong buy," while 2 rate it as a "hold." For the full fiscal year ending January 2024, analysts predict revenue growth of 14.5% to $866.5 million, with EPS of around $0.11.
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Management expects to achieve $20 billion in annual revenue in a "couple of years," a significant increase from the $10 billion to $11 billion revenue forecast for fiscal 2024. www.barchart.com SMCI is reasonably priced in comparison to other AI stocks in the industry, trading at 14 times forward earnings and 1.3 times forward sales. Overall, Wall Street rates Super Micro Computer stock as a “strong buy.” Out of the 7 analysts covering the SMCI, 5 rate it as a "strong buy," while 2 rate it as a "hold." Overall, Wall Street rates SMTC as a “strong buy.” Out of the 12 analysts covering SMTC, 10 have a “strong buy” recommendation, while one suggests a “moderate buy,” and one rates it a “hold.” Based on analysts' average price target of $30.50, Wall Street sees potential upside of about 36% over the next 12 months.
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My second pick is semiconductor company Semtech (SMTC), whose shares are down 22% YTD - yet analysts believe the stock could soar more than 36% by the end of 2024. In fiscal 2025, revenue and earnings are expected to increase by 17% and 18%, respectively. Meanwhile, analysts are targeting revenue of around $190.7 million and a loss of $0.04 per share.
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2023-12-15 00:00:00 UTC
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Nasdaq 100 Movers: SIRI, NFLX
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https://www.nasdaq.com/articles/nasdaq-100-movers%3A-siri-nflx
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In early trading on Monday, shares of Netflix topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.7%. Year to date, Netflix registers a 66.0% gain.
And the worst performing Nasdaq 100 component thus far on the day is Sirius XM Holdings, trading down 4.1%. Sirius XM Holdings is lower by about 11.3% looking at the year to date performance.
Two other components making moves today are JD.com, trading down 2.9%, and Align Technology, trading up 3.2% on the day.
VIDEO: Nasdaq 100 Movers: SIRI, NFLX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Sirius XM Holdings, trading down 4.1%. Sirius XM Holdings is lower by about 11.3% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: SIRI, NFLX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Monday, shares of Netflix topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.7%. And the worst performing Nasdaq 100 component thus far on the day is Sirius XM Holdings, trading down 4.1%. Sirius XM Holdings is lower by about 11.3% looking at the year to date performance.
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In early trading on Monday, shares of Netflix topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.7%. And the worst performing Nasdaq 100 component thus far on the day is Sirius XM Holdings, trading down 4.1%. VIDEO: Nasdaq 100 Movers: SIRI, NFLX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Sirius XM Holdings, trading down 4.1%. Sirius XM Holdings is lower by about 11.3% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: SIRI, NFLX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2023-12-15 00:00:00 UTC
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EXCLUSIVE-US lawmakers urge Biden to probe EU targeting of tech firms -letter
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DCOMP
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https://www.nasdaq.com/articles/exclusive-us-lawmakers-urge-biden-to-probe-eu-targeting-of-tech-firms-letter
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nan
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nan
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By Martin Coulter
LONDON, Dec 18 (Reuters) - A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation could threaten U.S. interests.
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.Om 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 inter-operate with rivals and let users choose upfront which ones they want pre-installed on their devices.
In a letter shared exclusively with 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."
(Reporting by Martin Coulter, Editing by Franklin Paul)
((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.
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By Martin Coulter LONDON, Dec 18 (Reuters) - A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation could threaten U.S. interests. 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.Om 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 inter-operate with rivals and let users choose upfront which ones they want pre-installed on their devices.
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By Martin Coulter LONDON, Dec 18 (Reuters) - A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation could threaten U.S. interests. In a letter shared exclusively with 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 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."
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By Martin Coulter LONDON, Dec 18 (Reuters) - A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation could threaten U.S. interests. In a letter shared exclusively with 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 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."
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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.Om and Microsoft MSFT.O -- were designated "gatekeeper" service providers. In a letter shared exclusively with 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.
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13b1f6f8-9935-408f-868a-2ab1ad71ec05
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711317.0
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2023-12-15 00:00:00 UTC
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The Truth Behind Renewable Energy's Big Rise
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DCOMP
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https://www.nasdaq.com/articles/the-truth-behind-renewable-energys-big-rise
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nan
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nan
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Shares of renewable energy stocks have jumped over the past week, and there's one big reason. Falling interest rates have not only pushed the market higher, they could make renewable energy companies more profitable in 2024.
In this video, Travis Hoium explains the impact of interest rates on renewable energy projects across the industry and reveals where we'll see a recovery first.
*Stock prices used were end-of-day prices of Dec. 15, 2023. The video was published on Dec. 17, 2023.
Should you invest $1,000 in SunPower right now?
Before you buy stock in SunPower, 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 SunPower 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
Travis Hoium has positions in NextEra Energy Partners and SunPower. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Travis Hoium 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.
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Shares of renewable energy stocks have jumped over the past week, and there's one big reason. Falling interest rates have not only pushed the market higher, they could make renewable energy companies more profitable in 2024. In this video, Travis Hoium explains the impact of interest rates on renewable energy projects across the industry and reveals where we'll see a recovery first.
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In this video, Travis Hoium explains the impact of interest rates on renewable energy projects across the industry and reveals where we'll see a recovery first. Before you buy stock in SunPower, 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 SunPower wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Travis Hoium has positions in NextEra Energy Partners and SunPower.
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Before you buy stock in SunPower, 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 SunPower wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Travis Hoium has positions in NextEra Energy Partners and SunPower.
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In this video, Travis Hoium explains the impact of interest rates on renewable energy projects across the industry and reveals where we'll see a recovery first. 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 Travis Hoium has positions in NextEra Energy Partners and SunPower.
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997ee92f-8af2-4c39-be74-66fdfc88027e
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711318.0
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2023-12-15 00:00:00 UTC
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Dow Movers: INTC, CVX
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DCOMP
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https://www.nasdaq.com/articles/dow-movers%3A-intc-cvx-3
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nan
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nan
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In early trading on Monday, shares of Chevron topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.6%. Year to date, Chevron has lost about 15.5% of its value.
And the worst performing Dow component thus far on the day is Intel, trading down 1.4%. Intel is showing a gain of 72.2% looking at the year to date performance.
Two other components making moves today are Apple, trading down 1.1%, and Merck, trading up 1.1% on the day.
VIDEO: Dow Movers: INTC, CVX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Monday, shares of Chevron topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.6%. And the worst performing Dow component thus far on the day is Intel, trading down 1.4%. Intel is showing a gain of 72.2% looking at the year to date performance.
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In early trading on Monday, shares of Chevron topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.6%. Year to date, Chevron has lost about 15.5% of its value. And the worst performing Dow component thus far on the day is Intel, trading down 1.4%.
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In early trading on Monday, shares of Chevron topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.6%. And the worst performing Dow component thus far on the day is Intel, trading down 1.4%. Two other components making moves today are Apple, trading down 1.1%, and Merck, trading up 1.1% on the day.
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And the worst performing Dow component thus far on the day is Intel, trading down 1.4%. Intel is showing a gain of 72.2% looking at the year to date performance. VIDEO: Dow Movers: INTC, CVX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1a40cc20-cb91-4bf9-82c5-37d4143a9de0
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711319.0
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2023-12-15 00:00:00 UTC
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Pre-Markets Green on Last Week's Hangover
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DCOMP
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https://www.nasdaq.com/articles/pre-markets-green-on-last-weeks-hangover
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nan
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nan
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One might think that the week ahead of Christmas — which is one week from today — would be relatively quiet and free from consequential economic reports. But this year, it’s decidedly not true: key November housing data, a fresh Personal Consumption Expenditure (PCE) summary and the first companies of unofficial Q4 earnings season (which ramps up notably mid-January) all greet us at some point as the week moves along.
Pre-market futures are quietly picking up where they left off last week, with the Dow up another +66 points, the S&P 500 +12 and the Nasdaq +25 points at this hour. It’s been an undeniably great year, especially with this late-year rally pulling the Dow and small-cap Russell 2000 along, and we now see the Dow hinting toward 38K, the S&P north of 4700 and the Nasdaq now with 17K in its sights.
A new Homebuilder Confidence survey comes out after today’s open, with expectations to bounce up slightly in November from a cycle low 34 the previous month. Cycle high in July of this year was 56; prior to that, we were above 80 at various times between 2020 and very early 2022. For last month, analysts are looking for 36 — not great, but off the lowest levels since December of last year.
Existing and New Home Sales reports will also be out this week, along with another Weekly Jobless Claims set of figures, of course. But November PCE — the Fed’s preferred inflation metric — on Friday is expected to come in flat month over month, and +3.0% on the headline year-over-year rate. Core PCE year over year is estimated to cool 30 basis points (bps) from +3.5% in October to +3.2% last month. Though still a ways off optimum 2% inflation, this would be the lowest core CPI year over year since April 2021.
On the earnings front, this week, FedEx FDX kicks off proceedings tomorrow for its fiscal Q2 (calendar Q4) earnings report, which expected to see slightly negative revenue growth but +30% on earnings per share (EPS). The global delivery and logistics leader has beaten earnings estimates in each of the past four quarters, with a trailing four-quarter average of +17%. Wednesday brings us General Mills (GIS) earnings results, and Thursday has Nike NKE, CarMax KMX, Carnival Cruise Lines CCL and Paychex PAYX.
Elsewhere, we’ll keep our eye on other moving numbers that may hold some sway regarding market sentiment: 10-year bond yields remain sub-4% at 3.924% (well off the nearly 5% we saw back in mid-October, when everyone — including the Fed — still saw at least one more rate hike coming in 2023) and the 2-year is at 4.423%. Spot oil prices remain sub-$80 per barrel: the WTI is $73/bbl right now and Brent is $78.
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
Carnival Corporation (CCL) : Free Stock Analysis Report
NIKE, Inc. (NKE) : Free Stock Analysis Report
Paychex, Inc. (PAYX) : Free Stock Analysis Report
FedEx Corporation (FDX) : Free Stock Analysis Report
CarMax, Inc. (KMX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But this year, it’s decidedly not true: key November housing data, a fresh Personal Consumption Expenditure (PCE) summary and the first companies of unofficial Q4 earnings season (which ramps up notably mid-January) all greet us at some point as the week moves along. Wednesday brings us General Mills (GIS) earnings results, and Thursday has Nike NKE, CarMax KMX, Carnival Cruise Lines CCL and Paychex PAYX. Elsewhere, we’ll keep our eye on other moving numbers that may hold some sway regarding market sentiment: 10-year bond yields remain sub-4% at 3.924% (well off the nearly 5% we saw back in mid-October, when everyone — including the Fed — still saw at least one more rate hike coming in 2023) and the 2-year is at 4.423%.
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Wednesday brings us General Mills (GIS) earnings results, and Thursday has Nike NKE, CarMax KMX, Carnival Cruise Lines CCL and Paychex PAYX. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report NIKE, Inc. (NKE) : Free Stock Analysis Report Paychex, Inc. (PAYX) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But this year, it’s decidedly not true: key November housing data, a fresh Personal Consumption Expenditure (PCE) summary and the first companies of unofficial Q4 earnings season (which ramps up notably mid-January) all greet us at some point as the week moves along. On the earnings front, this week, FedEx FDX kicks off proceedings tomorrow for its fiscal Q2 (calendar Q4) earnings report, which expected to see slightly negative revenue growth but +30% on earnings per share (EPS). Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report NIKE, Inc. (NKE) : Free Stock Analysis Report Paychex, Inc. (PAYX) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One might think that the week ahead of Christmas — which is one week from today — would be relatively quiet and free from consequential economic reports. But November PCE — the Fed’s preferred inflation metric — on Friday is expected to come in flat month over month, and +3.0% on the headline year-over-year rate. Core PCE year over year is estimated to cool 30 basis points (bps) from +3.5% in October to +3.2% last month.
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f85b99ca-d737-4116-b6de-ef4e07bda91d
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711320.0
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2023-12-15 00:00:00 UTC
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Hooker Furniture (HOFT)'s Technical Outlook is Bright After Key Golden Cross
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DCOMP
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https://www.nasdaq.com/articles/hooker-furniture-hofts-technical-outlook-is-bright-after-key-golden-cross
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nan
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nan
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Hooker Furnishings Corp. (HOFT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, HOFT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.
A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum.
A golden cross is the opposite of a death cross, another technical event that indicates bearish price movement may be on the horizon.
HOFT could be on the verge of a breakout after moving 39.7% higher over the last four weeks. Plus, the company is currently a #1 (Strong Buy) on the Zacks Rank.
The bullish case solidifies once investors consider HOFT's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 2 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.
Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on HOFT for more gains in the near future.
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
Hooker Furnishings Corp. (HOFT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hooker Furnishings Corp. (HOFT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Recently, HOFT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." 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%. Click to get this free report Hooker Furnishings Corp. (HOFT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently, HOFT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal.
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Recently, HOFT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." For the current quarter, no earnings estimate has been cut compared to 2 revisions higher in the past 60 days. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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166bad0d-8ddf-4bd4-a8d9-d518b82eae2a
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711321.0
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2023-12-15 00:00:00 UTC
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Up 200% in 2023, Could DraftKings Stock Double in 2024?
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DCOMP
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https://www.nasdaq.com/articles/up-200-in-2023-could-draftkings-stock-double-in-2024
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nan
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nan
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In this video, I will talk about DraftKings (NASDAQ: DKNG), one of the highest-conviction stocks in Cathie Wood's Ark Invest portfolio. The stock is up 200% this year and could double from today's price in 2024.
*Stock prices used were from the trading day of Dec. 15, 2023. The video was published on Dec. 18, 2023.
Should you invest $1,000 in DraftKings right now?
Before you buy stock in DraftKings, 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 DraftKings 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
Neil Rozenbaum 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. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In this video, I will talk about DraftKings (NASDAQ: DKNG), one of the highest-conviction stocks in Cathie Wood's Ark Invest portfolio. The 10 stocks that made the cut could produce monster returns in the coming years. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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Before you buy stock in DraftKings, 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 DraftKings wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has no position in any of the stocks mentioned.
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Before you buy stock in DraftKings, 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 DraftKings wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has no position in any of the stocks mentioned.
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In this video, I will talk about DraftKings (NASDAQ: DKNG), one of the highest-conviction stocks in Cathie Wood's Ark Invest portfolio. Before you buy stock in DraftKings, 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 DraftKings wasn't one of them. His opinions remain his own and are unaffected by The Motley Fool.
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b2d8b412-f022-4c44-b35f-a268fe0ba1af
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711322.0
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2023-12-15 00:00:00 UTC
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Can the 'Magnificent Seven' Continue to Lead the Market Higher in 2024?
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DCOMP
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https://www.nasdaq.com/articles/can-the-magnificent-seven-continue-to-lead-the-market-higher-in-2024
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nan
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nan
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M
arket commentators love tortured acronyms or catchy phrases when it comes to big tech stocks. First it was FANG, which was reputedly first used by CNBC's Jim Cramer. That stood for Facebook (now Meta: META), Amazon (AMZN), Netflix (NFLX), and Google (now Alphabet: GOOG, GOOGL). Then, a few years later, Apple (AAPL) was added to the mix, and we got the less catchy, but probably more representative, FAANG. Then corporate expansion and a shifting tech landscape caught up with that one too. Facebook and Google changed their names to better reflect the fact that they were no longer one-product affairs, streaming wars made Netflix less of a rapid growth stock, and the once moribund Microsoft (MSFT) took off under Satya Nadella, forcing their inclusion. That led to MAMAA: Meta, Apple, Microsoft, Amazon, and Alphabet becoming the phrase du jour.
Recently, though, with everything having to be adjusted to allow for the AI revolution and with EVs becoming much more mainstream, the most popular phrase for big tech stocks has become “The Magnificent Seven,” adding Nvidia (NVDA) and Tesla (TSLA) alongside Amazon, Apple, Microsoft, Alphabet, and Meta. That one is credited to a Bank of America (BAC) analyst, but the very fact that over the last few years there have been so many iterations of the way analysts and pundits refer to outperforming big tech stocks shows why such things are of little use.
There is always a group of outperformers but is a fluid thing, almost by definition. Tech is about meeting trends and grabbing opportunities, and while doing that well can lead to rapid, short-term success, there is no guarantee that even the best companies will maintain their outperformance for any length of time. Nor is it true that, as MSFT showed all too well, one that missed out for a while cannot burst back onto the scene with a change of management and/or focus.
So the obvious answer to the question, “Can the Magnificent Seven continue to lead the market in 2024?” is no. That is not because those seven stock can’t or won’t do well. In fact, if the bond and stock markets are right and the Fed cuts rates early next year, they almost certainly will perform well.
But I say the answer is "no" is because if the ever-changing history of who's in this group tells us anything, it is that the name of the group itself will probably have changed twelve months from now. Maybe it will have to include at least one company making weight-loss drugs, or the long-awaited and oft-predicted rise of fuel cells will force the inclusion of a name from that industry, or a new social media platform could take off.
Or maybe what we will be talking about a year from now will be a stock in a field that most of us have never heard of, or have already written off. Let’s face it, how many of you were screaming about AI at this time last year when NVDA was trading at around $150 after it had lost half of its value in around a year? My guess is not that many would have imagined NVDA to have gone from $150 to almost $500 in twelve months.
Then there is the very real chance that the market will fall next year. That isn’t out of the realm of the possible, for several reasons: The fight against inflation is still ongoing and may not have as happy an ending as is now generally assumed. There are two major wars in strategically important parts of the world which could yet get worse. Also, 2024 is an election year in a country where “divided” doesn’t even come close to describing the political environment, and where a win for either party will have a third of the country believing that the end of America is coming. The chance of any or all of those things derailing stocks next year is another subject for another day, but they do have to be considered.
All things considered, the chance of the “Magnificent Seven” -- as that phrase is currently understood -- leading the market higher next year is close to zero. That may be because the market doesn’t go up at all next year, or it may be because trends and developments in technology create a shifting landscape, but either way, it looks like someone will have to come up with a new acronym or cute phrase to describe next year’s stock market leaders.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Facebook and Google changed their names to better reflect the fact that they were no longer one-product affairs, streaming wars made Netflix less of a rapid growth stock, and the once moribund Microsoft (MSFT) took off under Satya Nadella, forcing their inclusion. Recently, though, with everything having to be adjusted to allow for the AI revolution and with EVs becoming much more mainstream, the most popular phrase for big tech stocks has become “The Magnificent Seven,” adding Nvidia (NVDA) and Tesla (TSLA) alongside Amazon, Apple, Microsoft, Alphabet, and Meta. Maybe it will have to include at least one company making weight-loss drugs, or the long-awaited and oft-predicted rise of fuel cells will force the inclusion of a name from that industry, or a new social media platform could take off.
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That stood for Facebook (now Meta: META), Amazon (AMZN), Netflix (NFLX), and Google (now Alphabet: GOOG, GOOGL). Recently, though, with everything having to be adjusted to allow for the AI revolution and with EVs becoming much more mainstream, the most popular phrase for big tech stocks has become “The Magnificent Seven,” adding Nvidia (NVDA) and Tesla (TSLA) alongside Amazon, Apple, Microsoft, Alphabet, and Meta. That one is credited to a Bank of America (BAC) analyst, but the very fact that over the last few years there have been so many iterations of the way analysts and pundits refer to outperforming big tech stocks shows why such things are of little use.
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Recently, though, with everything having to be adjusted to allow for the AI revolution and with EVs becoming much more mainstream, the most popular phrase for big tech stocks has become “The Magnificent Seven,” adding Nvidia (NVDA) and Tesla (TSLA) alongside Amazon, Apple, Microsoft, Alphabet, and Meta. That one is credited to a Bank of America (BAC) analyst, but the very fact that over the last few years there have been so many iterations of the way analysts and pundits refer to outperforming big tech stocks shows why such things are of little use. That may be because the market doesn’t go up at all next year, or it may be because trends and developments in technology create a shifting landscape, but either way, it looks like someone will have to come up with a new acronym or cute phrase to describe next year’s stock market leaders.
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Recently, though, with everything having to be adjusted to allow for the AI revolution and with EVs becoming much more mainstream, the most popular phrase for big tech stocks has become “The Magnificent Seven,” adding Nvidia (NVDA) and Tesla (TSLA) alongside Amazon, Apple, Microsoft, Alphabet, and Meta. But I say the answer is "no" is because if the ever-changing history of who's in this group tells us anything, it is that the name of the group itself will probably have changed twelve months from now. That may be because the market doesn’t go up at all next year, or it may be because trends and developments in technology create a shifting landscape, but either way, it looks like someone will have to come up with a new acronym or cute phrase to describe next year’s stock market leaders.
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16df8b34-498f-4bc1-af24-2ea841c238e7
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711323.0
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2023-12-15 00:00:00 UTC
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Can Symbotic Stock Double in 2024?
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DCOMP
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https://www.nasdaq.com/articles/can-symbotic-stock-double-in-2024
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nan
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Investors continue to go wild over Symbotic (NASDAQ: SYM) -- a provider of robots and accompanying software for warehousing automation. Retail titan Walmart was the biggest customer, at 88% of revenue in 2023. But in a new era of artificial intelligence (AI) wherein "automation" is in high demand, Symbotic has been increasing its backlog of orders with other key retailers, wholesalers, and other consumer goods companies in need of unlocking efficiencies in their supply chains and logistics operations.
After soaring over 300% in 2023 alone, there's hope that Symbotic stock can double again in 2024. The company's growth trajectory would certainly seem to indicate such is possible. However, just underneath the headline financial figures are reasons investors should give serious pause before buying this warehouse robotics stock.
Symbotic's tech and addressable market are very promising
Symbotic provides an end-to-end robotics and automation platform for the massive North American warehousing market (valued at an estimated $144 billion). These warehouses address the complex and costly supply chain of big retailers and wholesalers operating in general merchandise, groceries and food distribution, and apparel.
In other words, a Symbotic system comprises storage compartments, robotic arms, self-driving warehouse bots and forklifts that move boxes, conveyor belts, and more, all stitched together in a unified software platform.
Perhaps you know of Amazon's efforts in similar warehouse robotics and supply chain automation. Symbotic admits Amazon could eventually become a competitor. But much of Amazon's robotics are for its own internal use in its e-commerce empire, not the brick-and-mortar-centric retailers Symbotic serves.
No wonder Walmart has been hot to install Symbotic's systems. In the digital age, stoking higher profit from sprawling networks of operations is a must. A growing number of customers include Albertsons, Target, and privately owned grocery wholesaling and distribution giant C&S Wholesale Grocers (C&S).
After nearly doubling revenue in fiscal 2023 (the 12 months ended in September 2023) to $1.18 billion, Symbotic thinks it has lots of growth left ahead of it. And so do many investors.
Who are your fellow shareholders?
Now, about C&S. Symbotic's management team is intertwined with C&S. In fact, Symbotic's founder, CEO, and chairman of the board is Richard B. Cohen, the billionaire inheritor and current chairman of C&S who grew the wholesaler into a grocery empire over the last several decades.
Symbotic has a dual-class share structure. If you're a small investor reading this article, class A shares represent the stock you own (or are trying to learn about). These shares entitle you to participate in (current) losses at Symbotic but also potential future profits.
Then there's the class V-1 and V-3 shares. Those are noneconomic shares (they don't participate in losses or profit), but hold voting rights for Symbotic corporate decision-making (class V-1 gets one vote per share, and class V-3 gets three). As of the end of fiscal 2023, the Cohen family and various trusts and investment vehicles controlled 89.8% of voting power for Symbotic.
No big deal, right? A highly invested founder is a good thing for a fast-growing start-up. However, I see two potential issues.
First, the class V shares are convertible to class A shares over time. That means lots of future dilution is coming for the financially vested shareholders of class A stock. Currently, Symbotic's market cap is $4.2 billion, a seemingly reasonable value for a fast-growing business that just topped $1 billion in annual sales. However, when including the value of the class V stock (again, currently not participating in Symbotic's losses and profits), Symbotic's market cap is actually nearly $28 billion as of this writing.
Second, other than future dilution of your economic interest in Symbotic's financial performance, complicated billionaire and institutional investor shareholder structures tend not to jive with those of small individual retail investors. Besides being left to wonder whether the Cohen family will steadily cash out of Symbotic stock over time, Japan's investment holding giant SoftBank is another big shareholder (Walmart is a large shareholder, too, by the way).
In fact, SoftBank acquired another warehouse robotics upstart, Berkshire Grey, early in 2023 and, a few months later, struck a new robotics joint venture business with Symbotic, called GreenBox. Symbotic owns just 35% of GreenBox, with SoftBank owning the majority.
In other words, Symbotic is under control of other parties that likely don't have exactly the same long-term investment goals you do.
Another stock double is doubtful anytime soon
All told, while Symbotic's technology and revenue growth trajectory look incredibly promising, this investment looks like it should be placed in the "too hard" file for most individual investors. Unfortunately, Symbotic sales growth and further progress on turning a profit won't simply and automatically translate into comparable stock price performance. I have serious doubts this stock will perform anything remotely similar to its performance in 2023.
Should you invest $1,000 in Symbotic right now?
Before you buy stock in Symbotic, 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 Symbotic 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. Nicholas Rossolillo has positions in Amazon and Target. The Motley Fool has positions in and recommends Amazon, Target, and Walmart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But in a new era of artificial intelligence (AI) wherein "automation" is in high demand, Symbotic has been increasing its backlog of orders with other key retailers, wholesalers, and other consumer goods companies in need of unlocking efficiencies in their supply chains and logistics operations. In other words, a Symbotic system comprises storage compartments, robotic arms, self-driving warehouse bots and forklifts that move boxes, conveyor belts, and more, all stitched together in a unified software platform. Another stock double is doubtful anytime soon All told, while Symbotic's technology and revenue growth trajectory look incredibly promising, this investment looks like it should be placed in the "too hard" file for most individual investors.
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However, when including the value of the class V stock (again, currently not participating in Symbotic's losses and profits), Symbotic's market cap is actually nearly $28 billion as of this writing. Besides being left to wonder whether the Cohen family will steadily cash out of Symbotic stock over time, Japan's investment holding giant SoftBank is another big shareholder (Walmart is a large shareholder, too, by the way). Before you buy stock in Symbotic, 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 Symbotic wasn't one of them.
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However, when including the value of the class V stock (again, currently not participating in Symbotic's losses and profits), Symbotic's market cap is actually nearly $28 billion as of this writing. Besides being left to wonder whether the Cohen family will steadily cash out of Symbotic stock over time, Japan's investment holding giant SoftBank is another big shareholder (Walmart is a large shareholder, too, by the way). Before you buy stock in Symbotic, 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 Symbotic wasn't one of them.
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Perhaps you know of Amazon's efforts in similar warehouse robotics and supply chain automation. Before you buy stock in Symbotic, 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 Symbotic wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors.
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00e7e462-deaa-4616-84f1-6e068314da9d
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711324.0
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2023-12-15 00:00:00 UTC
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US STOCKS-Oil stocks lead Wall Street higher, U.S. Steel soars on buyout deal
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DCOMP
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https://www.nasdaq.com/articles/us-stocks-oil-stocks-lead-wall-street-higher-u.s.-steel-soars-on-buyout-deal
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By Sruthi Shankar and Johann M Cherian
Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks in the lead 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 and the tech-heavy Nasdaq are trading near their highest levels of the year.
Oil majors Chevron CVX.Nclimbed 1.5% and Exxon Mobil XOM.Nadded 2.0% as crude prices LCOc1, CLc1 rallied more than 3.5% after attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions. O/R
The S&P 500 energy sub-index .SPNYclimbed 1.9%, leading gains among the 11 major S&P sectors.
Another big gainer was United States SteelX.N, which surged 26.0% to an over 12-year high after Japan's Nippon Steel 5401.Tsaid it would buy the steelmaker in a $14.9 billion deal including debt.
Investors will focus on economic data this week 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.
The benchmark S&P 500 marked a seventh straight week of gains on Friday - its longest winning streak since 2017 - fueled by optimism about a Fed policy pivot next year.
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.
Cleveland Fed President Loretta Mester, a voting member next year, said financial markets had got "a little bit ahead" of the central bank on when to expect interest rate cuts, as per a report.
"There's still a dislocation between a seemingly dovish pivot that the market is expecting the Federal Reserve to take, and what economists are projecting," said Keith Buchanan, senior portfolio manager at GLOBALT Investments.
"The direction is the same, it's just that the velocity of cuts and the magnitude of cuts might not be on the same page."
At 10:04 a.m. ET, the Dow Jones Industrial Average .DJI was up 10.14 points, or 0.03%, at 37,315.30, the S&P 500 .SPX was up 17.45 points, or 0.37%, at 4,736.64, and the Nasdaq Composite .IXIC was up 54.51 points, or 0.37%, at 14,868.43.
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 single stocks, AppleAAPL.Oslipped 1.3% after more Chinese agencies and state-backed companies asked their staff to not bring iPhones and other foreign devices to work, a report said.
AdobeADBE.Oadded 1.6% after the Photoshop maker and Figma agreed to terminate their $20 billion merger announced last year.
VF CorpVFC.Ntumbled 8.5% 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.
The S&P index recorded 23 new 52-week highs and two new lows, while the Nasdaq recorded 71 new highs and 46 new lows.
(Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. Cleveland Fed President Loretta Mester, a voting member next year, said financial markets had got "a little bit ahead" of the central bank on when to expect interest rate cuts, as per a report. "There's still a dislocation between a seemingly dovish pivot that the market is expecting the Federal Reserve to take, and what economists are projecting," said Keith Buchanan, senior portfolio manager at GLOBALT Investments.
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By Sruthi Shankar and Johann M Cherian Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks in the lead after mounting attacks in the Red Sea lifted crude prices, while shares of U.S. Steel rocketed after a $14.9 billion buyout deal. Cleveland Fed President Loretta Mester, a voting member next year, said financial markets had got "a little bit ahead" of the central bank on when to expect interest rate cuts, as per a report. The S&P index recorded 23 new 52-week highs and two new lows, while the Nasdaq recorded 71 new highs and 46 new lows.
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By Sruthi Shankar and Johann M Cherian Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks in the lead after mounting attacks in the Red Sea lifted crude prices, while shares of U.S. Steel rocketed after a $14.9 billion buyout deal. Investors will focus on economic data this week 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. Cleveland Fed President Loretta Mester, a voting member next year, said financial markets had got "a little bit ahead" of the central bank on when to expect interest rate cuts, as per a report.
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By Sruthi Shankar and Johann M Cherian Dec 18 (Reuters) - U.S. stock indexes edged higher on Monday, with oil stocks in the lead after mounting attacks in the Red Sea lifted crude prices, while shares of U.S. Steel rocketed after a $14.9 billion buyout deal. Cleveland Fed President Loretta Mester, a voting member next year, said financial markets had got "a little bit ahead" of the central bank on when to expect interest rate cuts, as per a report. The S&P index recorded 23 new 52-week highs and two new lows, while the Nasdaq recorded 71 new highs and 46 new lows.
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3b99889c-3213-4d8c-a6e6-dd1f209a064e
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711325.0
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2023-12-15 00:00:00 UTC
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This Defense Giant Trailed the Market in 2023: Time to Bet on the Stock's Turnaround in 2024?
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DCOMP
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https://www.nasdaq.com/articles/this-defense-giant-trailed-the-market-in-2023%3A-time-to-bet-on-the-stocks-turnaround-in
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If it feels like only large technology stocks went up in 2023, your feelings are correct. The market has been led by the explosive returns from the "Magnificent Seven" technology stocks, leaving virtually every other company in the dust.
One lagging stock this year was Lockheed Martin (NYSE: LMT). The large defense contractor posted a total return of -6% in 2023 versus a 24.8% boost for the broad S&P 500 index.
Even though the threat of war continues in multiple regions around the globe, investors have soured on defense contractors such as Lockheed Martin. Its earnings multiple has collapsed, presenting investors with a chance to buy shares at a discount. So is it time to bet on a turnaround for Lockheed Martin in 2024 and buy the dip?
Slow but steady growth; strong moat
You're not going to get explosive revenue growth from Lockheed Martin. The maker of fighter jets, space equipment, and other tools for the United States government and its allies moves methodically but has a highly reliable business. With contracts that can extend for decades, Lockheed Martin's business is extremely predictable, making it a great choice for investors looking for low-risk investments. The company is ingrained within the United States military, giving it a wide moat -- or competitive advantage -- versus other companies trying to win government contracts.
Throughout the years, as military budgets have grown, Lockheed Martin's revenue has grown along with it. Over the past 10 years, revenue is up 49%. Only a few periods have seen revenue declines.
With economies of scale, Lockheed's profit margins have expanded, leading to earnings growing faster than revenue. In the last 10 years, Lockheed's operating income has grown by over 100%. Not bad for a "stodgy" defense contractor that's ignored by growth investors.
Consistently returning capital to shareholders
On top of consistent growth, Lockheed Martin has been top-notch at returning capital to shareholders. In practice, this means consistent repurchases of its stock and increasing dividend payouts. Intelligently returning capital is underrated by many growth investors, even though it can be quite meaningful to stock returns.
Using the same 10-year timeframe as the above section, Lockheed's dividend payout has grown by 151%. After buying back a lot of its stock from existing shareholders, its shares outstanding have declined by 23%. Add all this together, and the company's earnings per share (EPS) are up 200% in the last 10 years.
Over the long term, stock prices follow EPS growth, so it is no surprise to see Lockheed's total shareholder return of 321% in the last 10 years. But you may be surprised to see this return level is above the S&P 500 over the same time, which returned 218% for shareholders. Again, not bad for a stock many people seem to forget about.
LMT Revenue (TTM) data by YCharts
You can buy the stock today on the cheap
The good news for investors is you can buy shares of Lockheed Martin today at a discount to the market average. Today, the S&P 500 has an average price-to-earnings ratio (P/E) of 26. Lockheed's trailing P/E is 16.5.
If we look at free cash flow, the numbers look similar. Free cash flow is an important metric to look at along with earnings, as it is the true cash a company is generating from its product and services. Lockheed Martin is guiding for $6.2 billion in free cash flow this year, which would give it a price-to-free cash flow (P/FCF) of 17.5. Again, this is well below the market average.
Add it all together -- strong competitive advantages, consistent growth, and a discounted P/E -- and Lockheed Martin looks like a slam dunk buy for investors in 2024. Buy this durable grower, and never sell your shares.
Should you invest $1,000 in Lockheed Martin right now?
Before you buy stock in Lockheed Martin, 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 Lockheed Martin 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
Brett Schafer has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The maker of fighter jets, space equipment, and other tools for the United States government and its allies moves methodically but has a highly reliable business. With contracts that can extend for decades, Lockheed Martin's business is extremely predictable, making it a great choice for investors looking for low-risk investments. Over the long term, stock prices follow EPS growth, so it is no surprise to see Lockheed's total shareholder return of 321% in the last 10 years.
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The company is ingrained within the United States military, giving it a wide moat -- or competitive advantage -- versus other companies trying to win government contracts. Add it all together -- strong competitive advantages, consistent growth, and a discounted P/E -- and Lockheed Martin looks like a slam dunk buy for investors in 2024. Before you buy stock in Lockheed Martin, 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 Lockheed Martin wasn't one of them.
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Consistently returning capital to shareholders On top of consistent growth, Lockheed Martin has been top-notch at returning capital to shareholders. LMT Revenue (TTM) data by YCharts You can buy the stock today on the cheap The good news for investors is you can buy shares of Lockheed Martin today at a discount to the market average. Before you buy stock in Lockheed Martin, 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 Lockheed Martin wasn't one of them.
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Intelligently returning capital is underrated by many growth investors, even though it can be quite meaningful to stock returns. LMT Revenue (TTM) data by YCharts You can buy the stock today on the cheap The good news for investors is you can buy shares of Lockheed Martin today at a discount to the market average. Before you buy stock in Lockheed Martin, 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 Lockheed Martin wasn't one of them.
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3f747e3a-17b6-4fd5-8799-6acefb232f0a
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711326.0
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2023-12-15 00:00:00 UTC
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Brookfield hires advisors to sell assets from Saeta worth $1.6 bln- sources
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DCOMP
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https://www.nasdaq.com/articles/brookfield-hires-advisors-to-sell-assets-from-saeta-worth-%241.6-bln-sources
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By Andres Gonzalez
LONDON, Dec 18 (Reuters) - Canada's Brookfield BN.TO is working to sell renewable assets owned by its company Saeta Yield worth 1.5 billion euros ($1.64 billion) including debt, according to five people with knowledge of the deal.
The investment fund is working Santander and Societe Generale on the sale of the wind and photovoltaic plants located in Spain and Portugal, the people said, speaking on condition of anonymity.
Saeta owns 28 wind farms and 10 photovoltaic parks, according to its website. It also owns seven solar thermal plants that are not part of the sale process, according to the sources.
Brookfield, Santander and Societe Generale declined to comment.
Spain and Portugal's abundant solar and wind resources have become a hotspot for both domestic and foreign firms eager to leverage the growing demand for renewable energy. This interest has sparked a surge in renewable energy deals in line with the broader global trend towards sustainable investments.
Brookfield's asset sale will vie with an increasing amount of renewable projects looking to change ownership in these countries.
Private equity fund Plenium Partners is also working with advisors to sell an onshore wind portfolio with a total capacity of 422 MW, according to three sources with knowledge of the deal.
Infrastructure fund Qualitas Energy and Northleaf Capital Partners are selling Mula, one of the largest European solar farms, two sources said.
Qualitas Energy declined to comment. Northleaf Capital Partners and Plenium Partners did not immediately respond to a request for comments.
Brookfield acquired and delisted Saeta, founded by Spanish construction company ACS, in 2018 for 1 billion euros.
($1 = 0.9165 euros)
(Reporting by Andres Gonzalez, editing by Anousha Sakoui; editing by David Evans)
((andres.gonzalez@thomsonreuters.com; +44 (0) 7551 790019; Reuters Messaging: andres.gonzalez.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The investment fund is working Santander and Societe Generale on the sale of the wind and photovoltaic plants located in Spain and Portugal, the people said, speaking on condition of anonymity. Spain and Portugal's abundant solar and wind resources have become a hotspot for both domestic and foreign firms eager to leverage the growing demand for renewable energy. Private equity fund Plenium Partners is also working with advisors to sell an onshore wind portfolio with a total capacity of 422 MW, according to three sources with knowledge of the deal.
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By Andres Gonzalez LONDON, Dec 18 (Reuters) - Canada's Brookfield BN.TO is working to sell renewable assets owned by its company Saeta Yield worth 1.5 billion euros ($1.64 billion) including debt, according to five people with knowledge of the deal. The investment fund is working Santander and Societe Generale on the sale of the wind and photovoltaic plants located in Spain and Portugal, the people said, speaking on condition of anonymity. Infrastructure fund Qualitas Energy and Northleaf Capital Partners are selling Mula, one of the largest European solar farms, two sources said.
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By Andres Gonzalez LONDON, Dec 18 (Reuters) - Canada's Brookfield BN.TO is working to sell renewable assets owned by its company Saeta Yield worth 1.5 billion euros ($1.64 billion) including debt, according to five people with knowledge of the deal. The investment fund is working Santander and Societe Generale on the sale of the wind and photovoltaic plants located in Spain and Portugal, the people said, speaking on condition of anonymity. Infrastructure fund Qualitas Energy and Northleaf Capital Partners are selling Mula, one of the largest European solar farms, two sources said.
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By Andres Gonzalez LONDON, Dec 18 (Reuters) - Canada's Brookfield BN.TO is working to sell renewable assets owned by its company Saeta Yield worth 1.5 billion euros ($1.64 billion) including debt, according to five people with knowledge of the deal. The investment fund is working Santander and Societe Generale on the sale of the wind and photovoltaic plants located in Spain and Portugal, the people said, speaking on condition of anonymity. Infrastructure fund Qualitas Energy and Northleaf Capital Partners are selling Mula, one of the largest European solar farms, two sources said.
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6637644d-5b26-4548-9cb3-011501cd2773
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711327.0
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2023-12-15 00:00:00 UTC
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Up 50% in a Month! Is Enphase Stock Still a Buy?
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DCOMP
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https://www.nasdaq.com/articles/up-50-in-a-month-is-enphase-stock-still-a-buy
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nan
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In this video, I will talk about Enphase (NASDAQ: ENPH), which has seen its stock go up 54% since the company reported its third-quarter earnings. I'll explain why that happened and why investors should exercise patience as we go into 2024, when we might see some rate cuts. I'll also take a look at Enphase stock from a technical analysis standpoint.
*Stock prices used were from the trading day of Dec. 15, 2023. The video was published on Dec. 17, 2023.
Should you invest $1,000 in Enphase Energy right now?
Before you buy stock in Enphase 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 Enphase 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 11, 2023
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this video, I will talk about Enphase (NASDAQ: ENPH), which has seen its stock go up 54% since the company reported its third-quarter earnings. The 10 stocks that made the cut could produce monster returns in the coming years. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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Before you buy stock in Enphase 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 Enphase Energy wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has no position in any of the stocks mentioned.
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Before you buy stock in Enphase 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 Enphase Energy wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has no position in any of the stocks mentioned.
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Before you buy stock in Enphase 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 Enphase Energy wasn't one of them. The Motley Fool has positions in and recommends Enphase Energy. His opinions remain his own and are unaffected by The Motley Fool.
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08fbacb4-7b1f-4b4d-95ed-ed60ebba76b0
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711328.0
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2023-12-15 00:00:00 UTC
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This ETF Got Crushed in 2023. Here's Why It Could Rebound Next Year.
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DCOMP
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https://www.nasdaq.com/articles/this-etf-got-crushed-in-2023.-heres-why-it-could-rebound-next-year.
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One of the most well-known exchange-traded funds (ETFs) for tracking the solar industry is the Invesco Solar ETF (NYSEMKT: TAN). The ETF caught the market by storm in 2020, roaring 233% higher in a single year. But since then, the ETF has fallen 57%, and is down 39% in 2023 alone.
Let's discuss why the ETF deserved to fall, and why it now offers long-term investors an attractive balance of risk and potential reward.
Image source: Getty Images.
A primer on the ETF
The top three largest holdings in the fund are Enphase Energy (NASDAQ: ENPH), SolarEdge Technologies (NASDAQ: SEDG), and First Solar (NASDAQ: FSLR), which together make up some 30% of the fund. The ETF offers a nice blend of technology companies, utilities, parts and component manufacturers, and more. About 54% of the fund is geographically tied to the U.S. and 20% to China.
When you think of solar, you may imagine fast growth and new technologies. But in a lot of ways, solar functions like a traditional industry. It requires funding, a complex and integrated supply chain, project management, and more. In this vein, the Invesco Solar ETF does a good job of offering exposure to aspects of the solar industry that may normally be overlooked, and geographical exposure to securities that are difficult to invest in if you live in the U.S.
One of the negatives of this ETF, however, is its 0.69% expense ratio, which is steep for an ETF and may shock ETF investors who are familiar with well-known Vanguard funds (many of which feature expense ratios of less than 0.05%). But when you consider the purpose the ETF is serving and the fact that nearly half of its holdings are international, the expense becomes worth it. But it's still something you'll want to be comfortable with before buying the ETF.
A justifiable sell-off
The Invesco Solar ETF simply ran up too far, too fast. If you think 2020's gain was impressive, consider that the ETF shot up 454% in 2019 and 2020. When a stock or fund goes up that much in a short period of time, it can usually only be justified by a sustained blistering growth rate, which is difficult to expect in a cyclical industry like solar.
Downturns in the cycle can happen for a variety of reasons. But this downturn was definitely in response to rising interest rates, which acted like a double whammy on many solar companies. Higher interest rates make it more expensive to fund growth with debt, which can throw a wrench in growth plans that were made assuming lower interest rates. And customers may be less interested in investing in solar if the return on investment isn't as high as it once was with lower rates. This affects both the residential and commercial side of solar.
The current operating environment was already going to be challenging. But what made it worse from an investing standpoint is that the industry was priced to perfection going into the downturn.
Secular tailwinds
2023 has been a painful reminder that although the solar industry has growth potential, it is cyclical. And if a downturn happens at the wrong time, it can wreak havoc on equity prices.
The good news is that the solar industry has some of the strongest secular tailwinds imaginable. Utility-scale solar is now cost-competitive with fossil fuel options, such as combined-cycle natural gas-fired power plants. Strong support for electrification, environmental, social, and governance goals, and emissions reduction efforts across virtually every sector of the economy create a lot of demand for renewable energy in the years and decades to come.
The solar industry has also been impacted by geopolitical risks, such as Russia's invasion of Ukraine. The reliability of oil and gas may seem more attractive than an intermittent power source when tensions are high. But over time, solar investments make a ton of sense. And there's still been a ton of support for solar funding even in this downturn.
On Oct. 30, the White House released a statement supporting a 100% clean electricity grid by 2035. Solar energy is needed to make that happen. And there are plenty of subsidies to support the industry.
Better valuations
Given the ongoing slowdown in the solar industry, there's a good chance that valuations will not look cheap anytime soon once the upcoming quarters are factored into the trailing 12-month earnings. But the industry could begin to normalize in the second half of next year as the cycle works itself through and interest rates begin to decline.
If that happens, many stocks could begin looking cheap in the second half of 2025 or by early 2026 on a price to earnings basis alone. Throw in a return to growth, and you could have an industry that blends value and growth if equity prices stay depressed.
Of course, there is a scenario where the market perceives the industry is recovering and goes on a buying spree before the results actually improve. But either way, there's a good chance the industry will look cheap in the next year to three years, which is the exact opposite dynamic from an industry that looked way too expensive just a few years ago.
Now is the time to invest in solar
In the stock market, it's common to measure a company's or industry's success based on the stock price. But if you did that with solar, you would think the industry was unstoppable in 2019 and 2020, and falling apart today.
The truth lies somewhere in between. Market dynamics were far easier a few years ago. But nothing has changed about the long-term investment thesis for solar. However, the industry could remain challenged over the short term. And it wouldn't be surprising if equity prices remained strained in 2024.
For that reason, it's best to only approach the industry if you have at least a three- to five-year time horizon. But if you do, the industry-wide sell-off has drastically lowered the investment risk, while the long-term potential reward remains as strong as ever.
Should you invest $1,000 in Enphase Energy right now?
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Daniel Foelber has the following options: long May 2024 $100 calls on Enphase Energy. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends First Solar and SolarEdge Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Let's discuss why the ETF deserved to fall, and why it now offers long-term investors an attractive balance of risk and potential reward. When a stock or fund goes up that much in a short period of time, it can usually only be justified by a sustained blistering growth rate, which is difficult to expect in a cyclical industry like solar. Strong support for electrification, environmental, social, and governance goals, and emissions reduction efforts across virtually every sector of the economy create a lot of demand for renewable energy in the years and decades to come.
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A primer on the ETF The top three largest holdings in the fund are Enphase Energy (NASDAQ: ENPH), SolarEdge Technologies (NASDAQ: SEDG), and First Solar (NASDAQ: FSLR), which together make up some 30% of the fund. But if you do, the industry-wide sell-off has drastically lowered the investment risk, while the long-term potential reward remains as strong as ever. Before you buy stock in Enphase 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 Enphase Energy wasn't one of them.
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One of the most well-known exchange-traded funds (ETFs) for tracking the solar industry is the Invesco Solar ETF (NYSEMKT: TAN). In this vein, the Invesco Solar ETF does a good job of offering exposure to aspects of the solar industry that may normally be overlooked, and geographical exposure to securities that are difficult to invest in if you live in the U.S. One of the negatives of this ETF, however, is its 0.69% expense ratio, which is steep for an ETF and may shock ETF investors who are familiar with well-known Vanguard funds (many of which feature expense ratios of less than 0.05%). Now is the time to invest in solar In the stock market, it's common to measure a company's or industry's success based on the stock price.
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And customers may be less interested in investing in solar if the return on investment isn't as high as it once was with lower rates. And there's still been a ton of support for solar funding even in this downturn. Before you buy stock in Enphase 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 Enphase Energy wasn't one of them.
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1266e3d7-c1d7-456c-9028-fed68f52f9fb
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711329.0
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2023-12-15 00:00:00 UTC
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South Korea's Coupang to buy online luxury firm Farfetch
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DCOMP
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https://www.nasdaq.com/articles/south-koreas-coupang-to-buy-online-luxury-firm-farfetch
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nan
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nan
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Adds further details
Dec 18 (Reuters) - New York-listed e-commerce giant Coupang CPNG.N said on Monday it was planning to buy Farfetch Holdings FTCH.N, in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement on Monday.
“Farfetch will rededicate itself to providing the most elevated experience for the world’s most exclusive brands, while pursuing steady and thoughtful growth as a private company", said Coupang founder and chief executive officer Bom Kim.
Trading in shares of Farfetch, which has a market capitalization of $226.7 million, were halted, while those of Coupang, were down 2.7% in early trading.
Coupang, which operates food delivery, video streaming and payment services in markets including South Korea, Taiwan, Singapore, China and India, struck the deal with an investor group that held over 80% of the outstanding $600 million term loans.
Investment firm Greenoaks is partnering with Coupang for the investment.
Last month, the Telegraph newspaper reported that Farfetch founder and CEO José Neves was in talks with top shareholders to take the company private.
JPMorgan advised Farfetch on the deal.
(Reporting by Savyata Mishra in Bengaluru, Mimosa Spencer in Paris and Abigail Summerville in New York; Editing by Anil D'Silva and Bernadette Baum)
((Savyata.Mishra@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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“Farfetch will rededicate itself to providing the most elevated experience for the world’s most exclusive brands, while pursuing steady and thoughtful growth as a private company", said Coupang founder and chief executive officer Bom Kim. Coupang, which operates food delivery, video streaming and payment services in markets including South Korea, Taiwan, Singapore, China and India, struck the deal with an investor group that held over 80% of the outstanding $600 million term loans. Last month, the Telegraph newspaper reported that Farfetch founder and CEO José Neves was in talks with top shareholders to take the company private.
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“Farfetch will rededicate itself to providing the most elevated experience for the world’s most exclusive brands, while pursuing steady and thoughtful growth as a private company", said Coupang founder and chief executive officer Bom Kim. Trading in shares of Farfetch, which has a market capitalization of $226.7 million, were halted, while those of Coupang, were down 2.7% in early trading. Last month, the Telegraph newspaper reported that Farfetch founder and CEO José Neves was in talks with top shareholders to take the company private.
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Adds further details Dec 18 (Reuters) - New York-listed e-commerce giant Coupang CPNG.N said on Monday it was planning to buy Farfetch Holdings FTCH.N, in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement on Monday. “Farfetch will rededicate itself to providing the most elevated experience for the world’s most exclusive brands, while pursuing steady and thoughtful growth as a private company", said Coupang founder and chief executive officer Bom Kim. Coupang, which operates food delivery, video streaming and payment services in markets including South Korea, Taiwan, Singapore, China and India, struck the deal with an investor group that held over 80% of the outstanding $600 million term loans.
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Adds further details Dec 18 (Reuters) - New York-listed e-commerce giant Coupang CPNG.N said on Monday it was planning to buy Farfetch Holdings FTCH.N, in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement on Monday. “Farfetch will rededicate itself to providing the most elevated experience for the world’s most exclusive brands, while pursuing steady and thoughtful growth as a private company", said Coupang founder and chief executive officer Bom Kim. Trading in shares of Farfetch, which has a market capitalization of $226.7 million, were halted, while those of Coupang, were down 2.7% in early trading.
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d4079c72-41ac-4f7e-8d6a-8f8de869c239
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711330.0
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2023-12-15 00:00:00 UTC
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Ex-Dividend Reminder: LTC Properties, Elme Communities and Synovus Financial
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-ltc-properties-elme-communities-and-synovus-financial
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, LTC Properties, Inc. (Symbol: LTC), Elme Communities (Symbol: ELME), and Synovus Financial Corp (Symbol: SNV) will all trade ex-dividend for their respective upcoming dividends. LTC Properties, Inc. will pay its monthly dividend of $0.19 on 12/29/23, Elme Communities will pay its quarterly dividend of $0.18 on 1/4/24, and Synovus Financial Corp will pay its quarterly dividend of $0.38 on 1/2/24. As a percentage of LTC's recent stock price of $33.38, this dividend works out to approximately 0.57%, so look for shares of LTC Properties, Inc. to trade 0.57% lower — all else being equal — when LTC shares open for trading on 12/20/23. Similarly, investors should look for ELME to open 1.24% lower in price and for SNV to open 0.96% lower, all else being equal.
Below are dividend history charts for LTC, ELME, and SNV, showing historical dividends prior to the most recent ones declared.
LTC Properties, Inc. (Symbol: LTC):
Elme Communities (Symbol: ELME):
Synovus Financial Corp (Symbol: SNV):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 6.83% for LTC Properties, Inc., 4.97% for Elme Communities, and 3.84% for Synovus Financial Corp.
In Monday trading, LTC Properties, Inc. shares are currently off about 1.6%, Elme Communities shares are off about 1.5%, and Synovus Financial Corp shares are off about 1.9% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
ETFs Holding MCHX
Top Ten Hedge Funds Holding LRGE
WBS 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.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 6.83% for LTC Properties, Inc., 4.97% for Elme Communities, and 3.84% for Synovus Financial Corp. dividend stocks should be on your radar screen » Also see: ETFs Holding MCHX Top Ten Hedge Funds Holding LRGE WBS 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.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, LTC Properties, Inc. (Symbol: LTC), Elme Communities (Symbol: ELME), and Synovus Financial Corp (Symbol: SNV) will all trade ex-dividend for their respective upcoming dividends. LTC Properties, Inc. will pay its monthly dividend of $0.19 on 12/29/23, Elme Communities will pay its quarterly dividend of $0.18 on 1/4/24, and Synovus Financial Corp will pay its quarterly dividend of $0.38 on 1/2/24. LTC Properties, Inc. (Symbol: LTC): Elme Communities (Symbol: ELME): Synovus Financial Corp (Symbol: SNV): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, LTC Properties, Inc. (Symbol: LTC), Elme Communities (Symbol: ELME), and Synovus Financial Corp (Symbol: SNV) will all trade ex-dividend for their respective upcoming dividends. LTC Properties, Inc. will pay its monthly dividend of $0.19 on 12/29/23, Elme Communities will pay its quarterly dividend of $0.18 on 1/4/24, and Synovus Financial Corp will pay its quarterly dividend of $0.38 on 1/2/24. LTC Properties, Inc. (Symbol: LTC): Elme Communities (Symbol: ELME): Synovus Financial Corp (Symbol: SNV): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of LTC's recent stock price of $33.38, this dividend works out to approximately 0.57%, so look for shares of LTC Properties, Inc. to trade 0.57% lower — all else being equal — when LTC shares open for trading on 12/20/23. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 6.83% for LTC Properties, Inc., 4.97% for Elme Communities, and 3.84% for Synovus Financial Corp.
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1d5134f2-240e-40b3-b1d5-437ca129c611
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711331.0
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2023-12-15 00:00:00 UTC
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Ex-Dividend Reminder: Restaurant Brands International, Altria Group and Philip Morris International
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-restaurant-brands-international-altria-group-and-philip-morris
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, Restaurant Brands International Inc (Symbol: QSR), Altria Group Inc (Symbol: MO), and Philip Morris International Inc (Symbol: PM) will all trade ex-dividend for their respective upcoming dividends. Restaurant Brands International Inc will pay its quarterly dividend of $0.55 on 1/4/24, Altria Group Inc will pay its quarterly dividend of $0.98 on 1/10/24, and Philip Morris International Inc will pay its quarterly dividend of $1.30 on 1/10/24. As a percentage of QSR's recent stock price of $73.71, this dividend works out to approximately 0.75%, so look for shares of Restaurant Brands International Inc to trade 0.75% lower — all else being equal — when QSR shares open for trading on 12/20/23. Similarly, investors should look for MO to open 2.35% lower in price and for PM to open 1.38% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Altria Group Inc (Symbol: MO) is a "future dividend aristocrats contender," with 15+ years of increases.
Below are dividend history charts for QSR, MO, and PM, showing historical dividends prior to the most recent ones declared.
Restaurant Brands International Inc (Symbol: QSR):
Altria Group Inc (Symbol: MO):
Philip Morris International Inc (Symbol: PM):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.98% for Restaurant Brands International Inc, 9.39% for Altria Group Inc, and 5.50% for Philip Morris International Inc.
In Monday trading, Restaurant Brands International Inc shares are currently down about 0.6%, Altria Group Inc shares are off about 0.8%, and Philip Morris International Inc shares are down about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Andreas Halvorsen Stock Picks
TFI market cap history
FCF Dividend History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Altria Group Inc (Symbol: MO) is a "future dividend aristocrats contender," with 15+ years of increases. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. dividend stocks should be on your radar screen » Also see: Andreas Halvorsen Stock Picks TFI market cap history FCF Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, Restaurant Brands International Inc (Symbol: QSR), Altria Group Inc (Symbol: MO), and Philip Morris International Inc (Symbol: PM) will all trade ex-dividend for their respective upcoming dividends. Restaurant Brands International Inc will pay its quarterly dividend of $0.55 on 1/4/24, Altria Group Inc will pay its quarterly dividend of $0.98 on 1/10/24, and Philip Morris International Inc will pay its quarterly dividend of $1.30 on 1/10/24. Restaurant Brands International Inc (Symbol: QSR): Altria Group Inc (Symbol: MO): Philip Morris International Inc (Symbol: PM): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, Restaurant Brands International Inc (Symbol: QSR), Altria Group Inc (Symbol: MO), and Philip Morris International Inc (Symbol: PM) will all trade ex-dividend for their respective upcoming dividends. Restaurant Brands International Inc will pay its quarterly dividend of $0.55 on 1/4/24, Altria Group Inc will pay its quarterly dividend of $0.98 on 1/10/24, and Philip Morris International Inc will pay its quarterly dividend of $1.30 on 1/10/24. Restaurant Brands International Inc (Symbol: QSR): Altria Group Inc (Symbol: MO): Philip Morris International Inc (Symbol: PM): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of QSR's recent stock price of $73.71, this dividend works out to approximately 0.75%, so look for shares of Restaurant Brands International Inc to trade 0.75% lower — all else being equal — when QSR shares open for trading on 12/20/23. If they do continue, the current estimated yields on annualized basis would be 2.98% for Restaurant Brands International Inc, 9.39% for Altria Group Inc, and 5.50% for Philip Morris International Inc. In Monday trading, Restaurant Brands International Inc shares are currently down about 0.6%, Altria Group Inc shares are off about 0.8%, and Philip Morris International Inc shares are down about 0.2% on the day.
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3b06b383-ef10-43d9-a15b-1ba7e3edaa59
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711332.0
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2023-12-15 00:00:00 UTC
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Ex-Dividend Reminder: Marriott Vacations Worldwide, Caleres and H World Group
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-marriott-vacations-worldwide-caleres-and-h-world-group
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, Marriott Vacations Worldwide Corp. (Symbol: VAC), Caleres Inc (Symbol: CAL), and H World Group Ltd (Symbol: HTHT) will all trade ex-dividend for their respective upcoming dividends. Marriott Vacations Worldwide Corp. will pay its quarterly dividend of $0.76 on 1/4/24, Caleres Inc will pay its quarterly dividend of $0.07 on 1/5/24, and H World Group Ltd will pay its annual dividend of $0.62 on 1/17/24. As a percentage of VAC's recent stock price of $87.79, this dividend works out to approximately 0.87%, so look for shares of Marriott Vacations Worldwide Corp. to trade 0.87% lower — all else being equal — when VAC shares open for trading on 12/20/23. Similarly, investors should look for CAL to open 0.23% lower in price and for HTHT to open 1.81% lower, all else being equal.
Below are dividend history charts for VAC, CAL, and HTHT, showing historical dividends prior to the most recent ones declared.
Marriott Vacations Worldwide Corp. (Symbol: VAC):
Caleres Inc (Symbol: CAL):
H World Group Ltd (Symbol: HTHT):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.46% for Marriott Vacations Worldwide Corp., 0.92% for Caleres Inc, and 1.81% for H World Group Ltd.
In Monday trading, Marriott Vacations Worldwide Corp. shares are currently off about 4%, Caleres Inc shares are up about 1.4%, and H World Group Ltd shares are off about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
REITs Dividend Stocks
TMUS MACD
PMTS 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.
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As a percentage of VAC's recent stock price of $87.79, this dividend works out to approximately 0.87%, so look for shares of Marriott Vacations Worldwide Corp. to trade 0.87% lower — all else being equal — when VAC shares open for trading on 12/20/23. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.46% for Marriott Vacations Worldwide Corp., 0.92% for Caleres Inc, and 1.81% for H World Group Ltd.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, Marriott Vacations Worldwide Corp. (Symbol: VAC), Caleres Inc (Symbol: CAL), and H World Group Ltd (Symbol: HTHT) will all trade ex-dividend for their respective upcoming dividends. As a percentage of VAC's recent stock price of $87.79, this dividend works out to approximately 0.87%, so look for shares of Marriott Vacations Worldwide Corp. to trade 0.87% lower — all else being equal — when VAC shares open for trading on 12/20/23. Marriott Vacations Worldwide Corp. (Symbol: VAC): Caleres Inc (Symbol: CAL): H World Group Ltd (Symbol: HTHT): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, Marriott Vacations Worldwide Corp. (Symbol: VAC), Caleres Inc (Symbol: CAL), and H World Group Ltd (Symbol: HTHT) will all trade ex-dividend for their respective upcoming dividends. Marriott Vacations Worldwide Corp. will pay its quarterly dividend of $0.76 on 1/4/24, Caleres Inc will pay its quarterly dividend of $0.07 on 1/5/24, and H World Group Ltd will pay its annual dividend of $0.62 on 1/17/24. Marriott Vacations Worldwide Corp. (Symbol: VAC): Caleres Inc (Symbol: CAL): H World Group Ltd (Symbol: HTHT): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/20/23, Marriott Vacations Worldwide Corp. (Symbol: VAC), Caleres Inc (Symbol: CAL), and H World Group Ltd (Symbol: HTHT) will all trade ex-dividend for their respective upcoming dividends. As a percentage of VAC's recent stock price of $87.79, this dividend works out to approximately 0.87%, so look for shares of Marriott Vacations Worldwide Corp. to trade 0.87% lower — all else being equal — when VAC shares open for trading on 12/20/23. If they do continue, the current estimated yields on annualized basis would be 3.46% for Marriott Vacations Worldwide Corp., 0.92% for Caleres Inc, and 1.81% for H World Group Ltd.
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161093bd-20d7-4f28-a320-6a2a5f7ca88e
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711333.0
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2023-12-15 00:00:00 UTC
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Fluor (FLR) Hits a 52-Week High: What's Driving Growth?
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DCOMP
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https://www.nasdaq.com/articles/fluor-flr-hits-a-52-week-high%3A-whats-driving-growth
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nan
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Fluor Corporation FLR touched a new 52-week high of $40.18 on Dec 15. The stock pulled back to end the trading session at $39.37, down 0.76% from the previous day’s closing price of $39.67.
FLR has gained 35.3% in the six-month period compared with the Zacks Engineering - R and D Services industry’s growth of 9.9%, the Zacks Construction sector’s increase of 20% and the S&P 500 Index’s growth of 6.3%.
The price surge can be attributed to the Federal Reserve's recent decision to maintain a steady interest level. The Federal Open Market Committee (FOMC) decided to maintain the interest rates at a 22-year high of 5.25-5.5%. The central bank also hinted at three interest rate cuts by the end of 2024. This is a relief for the housing industry as it suggests stability and affordability for potential homebuyers, boosting home sales and supporting overall industry health.
Image Source: Zacks Investment Research
Moreover, the company is benefiting from its strong backlog and diverse business. Its emphasis on a new strategy, ‘Building a Better Future,’ bodes well.
Let’s discuss the factors favoring this Zacks Rank #3 (Hold) company
Solid Backlog Level a Boon
In the third quarter of 2023, Fluor successfully secured consolidated new awards amounting to $5 billion, aligning with its full-year plan to achieve a book-to-burn ratio exceeding 1. Notably, 94% of these new awards are reimbursable. The total backlog for Fluor stands at $26 billion, with 70% of it being reimbursable. This substantial backlog underscores the continued strong demand for Fluor's services and the recognized value it brings to clients.
FLR's robust prospect pipeline clearly illustrates the demand for its services. The company is currently monitoring potential projects, exceeding its existing backlog by more than 15 times. Key opportunities driving this demand include the chemicals sector, closely followed by fuel production and mining and metals.
Strengthening Business Through Diversity
FLR's strategy involves maintaining a balanced business portfolio, prioritizing stable markets and seizing opportunities in cyclical markets. The ongoing transformation of its EPC model into an integrated solution aims to broaden project scope, enhance client satisfaction and boost returns. Fluor plans to implement data analytics to minimize risks and maximize returns, providing FLR with a competitive edge and distinct advantage.
The company's long-term outlook also remains strong, supported by growth opportunities in renewable energy, gas-fired combined cycle generation and air emissions compliance projects for existing coal-fired power plants. For 2026, it anticipates adjusted earnings of $3.10-$3.60 per share and adjusted EBITDA in the range of $800-950 million.
Emphasis on Refined Strategy
FLR is implementing a new strategy, ‘Building a Better Future,’ with four key priorities to enhance shareholders’ value. Firstly, the company aims to drive growth in diverse markets, including energy transition, advanced technology, life sciences, high-demand metals, infrastructure and mission solutions. Secondly, FLR seeks contracts with fair and balanced terms, avoiding competitive fixed-priced EPC in the Energy & Chemicals segment and being selective in Infrastructure. This reflects a shift from the previous high-risk, high-margin strategy. Thirdly, the focus is on maintaining financial discipline and ensuring a solid balance sheet through predictable cash flow and earnings. Lastly, FLR is committed to fostering a high-performance culture with a focus on diversity, equity, inclusion and social progress, aligning with its sustainability goals.
Key Picks
Some better-ranked stocks from the Zacks Construction sector are:
EMCOR Group, Inc. EME sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 25%, on average. Shares of EME have surged 47.4% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) suggests growth of 12% and 52.8%, respectively, from the year-ago period’s 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 219.9% 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’s levels.
AECOM ACM carries a Zacks Rank of #2 (Buy). It has a trailing four-quarter earnings surprise of 2.1%, on average. Shares of ACM have surged 11.4% in the past year.
The Zacks Consensus Estimate for ACM’s 2024 sales and EPS indicates an increase of 4.5% and 17.5%, respectively, from the year-ago period’s levels.
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
Fluor Corporation (FLR) : Free Stock Analysis Report
AECOM (ACM) : Free Stock Analysis Report
EMCOR Group, Inc. (EME) : 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.
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Let’s discuss the factors favoring this Zacks Rank #3 (Hold) company Solid Backlog Level a Boon In the third quarter of 2023, Fluor successfully secured consolidated new awards amounting to $5 billion, aligning with its full-year plan to achieve a book-to-burn ratio exceeding 1. The company's long-term outlook also remains strong, supported by growth opportunities in renewable energy, gas-fired combined cycle generation and air emissions compliance projects for existing coal-fired power plants. Firstly, the company aims to drive growth in diverse markets, including energy transition, advanced technology, life sciences, high-demand metals, infrastructure and mission solutions.
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EMCOR Group, Inc. EME sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) suggests growth of 12% and 52.8%, respectively, from the year-ago period’s levels. Click to get this free report Fluor Corporation (FLR) : Free Stock Analysis Report AECOM (ACM) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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FLR has gained 35.3% in the six-month period compared with the Zacks Engineering - R and D Services industry’s growth of 9.9%, the Zacks Construction sector’s increase of 20% and the S&P 500 Index’s growth of 6.3%. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) suggests growth of 12% and 52.8%, respectively, from the year-ago period’s levels. Click to get this free report Fluor Corporation (FLR) : Free Stock Analysis Report AECOM (ACM) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Firstly, the company aims to drive growth in diverse markets, including energy transition, advanced technology, life sciences, high-demand metals, infrastructure and mission solutions. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) suggests growth of 12% and 52.8%, respectively, from the year-ago period’s levels. M-tron Industries, Inc. MPTI currently sports a Zacks Rank of 1.
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25005308-33e9-42ac-a5f9-b1f730a8d18d
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711334.0
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2023-12-15 00:00:00 UTC
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Apple to halt US sales of Series 9, Ultra 2 smartwatches on patent dispute
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DCOMP
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https://www.nasdaq.com/articles/apple-to-halt-us-sales-of-series-9-ultra-2-smartwatches-on-patent-dispute
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Adds details, background
Dec 18 (Reuters) - Apple AAPL.O said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices.
The move comes after an order in October from the U.S. International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights.
A Presidential review period is in progress on the feature and while the review period will not end until Dec. 25, Apple is preemptively taking steps to comply should the ruling stand, the company said.
The company said it would pause sales of the Watches from its website starting Dec. 21, and from Apple retail locations after December 24.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Maju Samuel and Anil D'Silva)
((Samrhitha.A@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details, background Dec 18 (Reuters) - Apple AAPL.O said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices. The move comes after an order in October from the U.S. International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. The company said it would pause sales of the Watches from its website starting Dec. 21, and from Apple retail locations after December 24.
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Adds details, background Dec 18 (Reuters) - Apple AAPL.O said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices. The move comes after an order in October from the U.S. International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. A Presidential review period is in progress on the feature and while the review period will not end until Dec. 25, Apple is preemptively taking steps to comply should the ruling stand, the company said.
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Adds details, background Dec 18 (Reuters) - Apple AAPL.O said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices. The move comes after an order in October from the U.S. International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Maju Samuel and Anil D'Silva) ((Samrhitha.A@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details, background Dec 18 (Reuters) - Apple AAPL.O said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices. The move comes after an order in October from the U.S. International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's MASI.O patent rights. A Presidential review period is in progress on the feature and while the review period will not end until Dec. 25, Apple is preemptively taking steps to comply should the ruling stand, the company said.
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13acd6d3-7cab-4614-b515-0620c21ddb19
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711335.0
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2023-12-15 00:00:00 UTC
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Yum China's (YUMC) KFC Expands Presence With its 10,000th Store
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https://www.nasdaq.com/articles/yum-chinas-yumc-kfc-expands-presence-with-its-10000th-store
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Yum China Holdings, Inc. YUMC achieved a significant milestone in KFC China's 36-year growth journey with the opening of its 10,000th store. Nestled in Hangzhou, the new store is situated along the Beijing-Hangzhou Grand Canal, a historically significant link connecting northern and southern China.
Since the establishment of its first store in Beijing in 1987, KFC has become the largest QSR brand in China by system sales. The upside is supported by a world class in-house supply chain management system crafted over three decades.
The company is strategically positioned for sustained growth, leveraging its expansive store network and economies of scale. KFC China aims to cover more than half of China's population by 2026. With a solid foundation and untapped potential, YUMC is optimistic about KFC China's continued leadership in the Chinese restaurant market.
To achieve its ambitious growth objectives, YUMC aims to position KFC China as the preferred daily choice for an increasingly diverse customer base. Pioneering new formats and concepts, KFC China is driving store expansion into untapped cities, staying ahead of evolving consumer preferences and emerging consumption trends. Moving forward, the company ensures a variety of innovative meal choices at different price ranges, making KFC accessible anytime and anywhere.
Strategic Expansion to Boost Brand Presence
In a strategic move to enhance its reach, YUMC is actively expanding KFC China's footprint. Despite a presence in over 1,900 cities at the end of third-quarter 2023, the brand is targeting to enter 1,100 untapped cities. In the past five years, KFC China experienced impressive growth, with an average annual increase in net new stores exceeding 22%. This expansion strategy includes accelerating store openings in lower-tier cities and increasing store density in higher-tier cities.
Focus on Innovation to Cater New Demand
YUMC's KFC China is actively expanding its consumer base and meeting changing Chinese preferences through the introduction of innovative products. Successful additions like the Juicy Whole Chicken and Beef Burgers have surpassed $100 million in annual sales. To cater to diverse consumers better, KFC China is diversifying its menu with more affordable options. Additionally, the company aims to open over 300 standalone KCOFFEE stores by the end of 2024, advancing its in-house coffee brand expansion.
Transforming Delivery Dynamics
In response to an expanded store presence in diverse regions, KFC China is enhancing the accessibility and convenience of its delivery services. This aligns with an increase in double-digit orders under 40 RMB, particularly in the small-ticket delivery segment, presenting a strategic opportunity for YUMC in the competitive fast-food landscape.
Emphasizing a steadfast dedication, YUMC prioritizes robust margins through effective procurement, ongoing product innovation and maximizing chicken utilization. The company integrates cutting-edge technologies like in-store Internet of Things (IoT), automation and artificial intelligence (AI) to optimize operational efficiency.
Price Performance
The stock has fallen 28.3% in the past year against the industry’s 6.7% rise. The company is likely to benefit from its digital initiatives, menu innovation efforts and unit expansion.
Image Source: Zacks Investment Research
Looking ahead, YUMC aims to ramp up its annual net new store openings, surpassing 1,200 within the next three years. In this plan, 15% to 20% are expected to be franchise stores, aligning with Yum China's broader objective of reaching 20,000 stores by 2026. KFC China's future strategy involves diverse store models, including standard, future concept, mini and strategically located stores in lower-tier cities. This strategic approach highlights KFC China's commitment to growth through innovation and adaptability in the dynamic Chinese market.
Zacks Rank & Key Picks
Yum China currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks from the Zacks Retail-Wholesale sector are:
Brinker International, Inc. EAT currently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 223.6%, on average. The stock has gained 23.4% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for EAT’s 2024 sales and earnings per share (EPS) suggests a rise of 5.1% and 26.2%, respectively, from the year-ago period’s levels.
Abercrombie & Fitch Co. ANF flaunts a Zacks Rank #1 at present. It has a trailing four-quarter earnings surprise of 713%, on average. Shares of ANF have surged 287.7% in the past year.
The Zacks Consensus Estimate for ANF’s 2024 sales and EPS suggests increases of 13.3% and 2,196%, respectively, from the year-ago period’s levels.
Beacon Roofing Supply, Inc. BECN carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 11.1%, on average. Shares of BECN have risen 50.4% in the past year.
The Zacks Consensus Estimate for BECN’s 2023 sales and EPS indicates 7.2% and 9% growth, respectively, from the year-ago period’s levels.
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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Brinker International, Inc. (EAT) : Free Stock Analysis Report
Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
Yum China (YUMC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To achieve its ambitious growth objectives, YUMC aims to position KFC China as the preferred daily choice for an increasingly diverse customer base. Pioneering new formats and concepts, KFC China is driving store expansion into untapped cities, staying ahead of evolving consumer preferences and emerging consumption trends. This aligns with an increase in double-digit orders under 40 RMB, particularly in the small-ticket delivery segment, presenting a strategic opportunity for YUMC in the competitive fast-food landscape.
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Strategic Expansion to Boost Brand Presence In a strategic move to enhance its reach, YUMC is actively expanding KFC China's footprint. KFC China's future strategy involves diverse store models, including standard, future concept, mini and strategically located stores in lower-tier cities. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Yum China (YUMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Yum China Holdings, Inc. YUMC achieved a significant milestone in KFC China's 36-year growth journey with the opening of its 10,000th store. In the past five years, KFC China experienced impressive growth, with an average annual increase in net new stores exceeding 22%. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Yum China (YUMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Yum China Holdings, Inc. YUMC achieved a significant milestone in KFC China's 36-year growth journey with the opening of its 10,000th store. Strategic Expansion to Boost Brand Presence In a strategic move to enhance its reach, YUMC is actively expanding KFC China's footprint. The Zacks Consensus Estimate for EAT’s 2024 sales and earnings per share (EPS) suggests a rise of 5.1% and 26.2%, respectively, from the year-ago period’s levels.
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479acde8-1862-4d12-9e25-11277c5b9088
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711336.0
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2023-12-15 00:00:00 UTC
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CANADA STOCKS-Toronto shares rise as commodity-linked stocks advance
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DCOMP
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https://www.nasdaq.com/articles/canada-stocks-toronto-shares-rise-as-commodity-linked-stocks-advance
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By Shashwat Chauhan
Dec 18 (Reuters) - Canada's main stock index gained on Monday with energy and material shares leading the charge on rising commodity prices, in a positive start to the week filled with global economic reports, including domestic consumer prices data.
At 9:44 a.m. ET (1444 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 102.05 points, or 0.5%, at 20,631.2. Wall Street, too, had an upbeat start to the day. .N
Energy .SPTTEN led gains, rising 2.0% on oil prices surging more than 1% as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions. O/R
The materials sector .GSPTTMT, which houses Canada's major mining firms, gained 0.8% with steel producers Algoma Steel Group ASTL.TO and Stelco Holdings STLC.TO leading gains.
Investors will focus on Canada's consumer prices data due on Tuesday, with headline inflation expected to come in at 2.9% year-on-year in November against last month's reading of 3.1%.
Canada's October Gross Domestic Product (GDP) numbers, producer prices and retail sales are scheduled for the week and will be on the market's radar.
In the United States, December consumer confidence, a final estimate of third-quarter GDP and November Personal Consumption Expenditure index (PCE) are due throughout the week.
The benchmark Canadian index logged a near 1% gain last week, as sentiment got a lift after the U.S. central bank signaled that it could consider cutting borrowing costs next year.
"The case for a soft landing has been boosted thanks to lower inflation and a moderating Federal Reserve, which triggered a broadening of the stock market rally," said Richard Saperstein, chief investment officer at New York-based investment firm Treasury Partners.
Among individual stocks, Lightspeed Commerce LSPD.TO gained 2.8% after J.P.Morgan upgraded the software firm's rating to "neutral" from "underweight".
Dundee Precious MetalsDPM.TO dropped 9.1% after the company announced its acquisition of Osino Resources OSI.V.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Tasim Zahid and Shweta Agarwal)
((Shashwat.Chauhan@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors will focus on Canada's consumer prices data due on Tuesday, with headline inflation expected to come in at 2.9% year-on-year in November against last month's reading of 3.1%. Canada's October Gross Domestic Product (GDP) numbers, producer prices and retail sales are scheduled for the week and will be on the market's radar. In the United States, December consumer confidence, a final estimate of third-quarter GDP and November Personal Consumption Expenditure index (PCE) are due throughout the week.
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By Shashwat Chauhan Dec 18 (Reuters) - Canada's main stock index gained on Monday with energy and material shares leading the charge on rising commodity prices, in a positive start to the week filled with global economic reports, including domestic consumer prices data. .N Energy .SPTTEN led gains, rising 2.0% on oil prices surging more than 1% as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions. Investors will focus on Canada's consumer prices data due on Tuesday, with headline inflation expected to come in at 2.9% year-on-year in November against last month's reading of 3.1%.
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By Shashwat Chauhan Dec 18 (Reuters) - Canada's main stock index gained on Monday with energy and material shares leading the charge on rising commodity prices, in a positive start to the week filled with global economic reports, including domestic consumer prices data. O/R The materials sector .GSPTTMT, which houses Canada's major mining firms, gained 0.8% with steel producers Algoma Steel Group ASTL.TO and Stelco Holdings STLC.TO leading gains. "The case for a soft landing has been boosted thanks to lower inflation and a moderating Federal Reserve, which triggered a broadening of the stock market rally," said Richard Saperstein, chief investment officer at New York-based investment firm Treasury Partners.
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By Shashwat Chauhan Dec 18 (Reuters) - Canada's main stock index gained on Monday with energy and material shares leading the charge on rising commodity prices, in a positive start to the week filled with global economic reports, including domestic consumer prices data. ET (1444 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 102.05 points, or 0.5%, at 20,631.2. Investors will focus on Canada's consumer prices data due on Tuesday, with headline inflation expected to come in at 2.9% year-on-year in November against last month's reading of 3.1%.
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3a16d57d-192c-41b3-b464-c263213b6e95
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711337.0
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2023-12-15 00:00:00 UTC
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Stock-Split Watch: 2 Artificial Intelligence (AI) Stocks to Buy Hand Over Fist in 2024
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https://www.nasdaq.com/articles/stock-split-watch%3A-2-artificial-intelligence-ai-stocks-to-buy-hand-over-fist-in-2024
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In recent years, Wall Street has witnessed a dramatic rise in the popularity of stock-split stocks, especially in the technology sector. Although stock splits do not change the company's market value, they carry emotional significance.
Management usually chooses to split a stock when it believes that the company's share price is overstretched. Hence, post-split, the company's shares become more affordable and enable more investors to pick a stake in the stock. As the stock becomes more attractive to a larger investor base, there is usually a rise in overall trading activity. Frequently, this ultimately translates into an increase in the company's overall market capitalization -- at least in the short run.
Artificial Intelligence (AI) has emerged as the red-hot investment theme of 2023. Unsurprisingly, share prices of some AI stocks have grown through the roof. So, if you are searching for certain high-quality AI stocks that may benefit from a potential stock split, then you may consider picking small stakes in these two stocks.
1. Broadcom
A prominent semiconductor designer and enterprise software-solutions player, Broadcom's (NASDAQ: AVGO) share price has gained by nearly 105% so far in 2023 and has reached roughly $1,130, and management may now want to split this high-quality stock to make it more accessible for a broader investor base. A potentially more reasonable share price is not the only reason to like the stock; the company also boasts solid fundamentals and stellar financials.
Broadcom posted impressive financial performance in fiscal 2023 (ending Oct. 29). While the company's revenues grew year over year by only 8% to $35.8 billion, net income jumped by 22.5% year over year to $14.1 billion. The company's free cash flow (FCF) rose 8.1% year over year to $17.6 billion, translating into a solid FCF margin of 49%.
Broadcom has emerged as a major beneficiary of increasing demand for customized AI accelerators (e.g., Jericho3-AI, which enables high-performance connectivity between 32,000 GPUs) and ethernet-networking solutions from cloud-service providers that are upgrading data centers to handle AI workloads. Based on this trend, the company has guided for a 30% year-over-year increase in networking revenue for fiscal 2024.
Besides its prowess in customized accelerators and networking segments, Broadcom is also focusing on becoming a major player in the software segment. To that end, the company acquired VMware, a leading provider of virtualization-software technology that helps create private and hybrid cloud environments for large enterprises over shared hardware infrastructure. The company has guided for $12 billion of VMware revenues in fiscal 2024.
Meanwhile, Broadcom is trading at a price-to-sales (P/S) ratio of 14.2, which seems reasonable considering its prowess in networking solutions and infrastructure software, AI tailwinds, and an impressive cash-generating business model. Hence, this seems to be a compelling pick in 2024.
2. ServiceNow
Shares of leading IT management and business process-automation player, ServiceNow (NYSE: NOW), are up roughly 80% in 2023 and have reached a price of about $700. Management may consider splitting the stock to further enhance its attractiveness for small investors. However, there are also several other reasons to consider this stock now.
First, ServiceNow's Now Platform enables enterprises to streamline their technology, employee and customer experiences, and creator workflows. The company's focus on enabling clients to improve workforce efficiency and productivity has been a solid positive in 2023, especially since the year was marked by large enterprises aggressively cutting costs.
Second, the company's financial performance has been noteworthy in the third quarter of fiscal 2023 (ending Sept. 30). Subscription revenues were up 24.5% year over year to $2.2 billion. With subscription revenues accounting for almost 97% of the company's total revenues, ServiceNow boasts of high revenue visibility and the ability to rapidly grow revenues organically.
Third, ServiceNow has been very successful in developing a sticky customer base, as evidenced by its customer-renewal rate of 98% or more in the past five quarters. The company has a broad customer base of more than 7,700 enterprises around the world, which also includes 85% of the Fortune 500 companies. Multiple large customers have helped make ServiceNow's business resilient even in difficult times.
Fourth, ServiceNow's generative AI-driven platforms, such as Vancouver and Now Assist, are further helping clients improve workflow productivity. The company has also partnered with Nvidia to develop enterprise-grade generative AI technologies based on customized large language models (LLMs), trained on specifically tailored data, to ensure faster and smarter workflow automation.
ServiceNow is trading at a P/S ratio of 17.1, far greater than the median software-industry multiple of 2.2. However, considering the company's solid financials, sticky customer base, and generative AI capabilities, the premium valuation seems justified. Hence, investors can consider buying this stock now.
Should you invest $1,000 in Broadcom right now?
Before you buy stock in Broadcom, 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 Broadcom 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
Manali Bhade has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and ServiceNow. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To that end, the company acquired VMware, a leading provider of virtualization-software technology that helps create private and hybrid cloud environments for large enterprises over shared hardware infrastructure. The company's focus on enabling clients to improve workforce efficiency and productivity has been a solid positive in 2023, especially since the year was marked by large enterprises aggressively cutting costs. The company has also partnered with Nvidia to develop enterprise-grade generative AI technologies based on customized large language models (LLMs), trained on specifically tailored data, to ensure faster and smarter workflow automation.
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Multiple large customers have helped make ServiceNow's business resilient even in difficult times. The company has also partnered with Nvidia to develop enterprise-grade generative AI technologies based on customized large language models (LLMs), trained on specifically tailored data, to ensure faster and smarter workflow automation. However, considering the company's solid financials, sticky customer base, and generative AI capabilities, the premium valuation seems justified.
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So, if you are searching for certain high-quality AI stocks that may benefit from a potential stock split, then you may consider picking small stakes in these two stocks. Broadcom A prominent semiconductor designer and enterprise software-solutions player, Broadcom's (NASDAQ: AVGO) share price has gained by nearly 105% so far in 2023 and has reached roughly $1,130, and management may now want to split this high-quality stock to make it more accessible for a broader investor base. Before you buy stock in Broadcom, 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 Broadcom wasn't one of them.
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So, if you are searching for certain high-quality AI stocks that may benefit from a potential stock split, then you may consider picking small stakes in these two stocks. Based on this trend, the company has guided for a 30% year-over-year increase in networking revenue for fiscal 2024. Before you buy stock in Broadcom, 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 Broadcom wasn't one of them.
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219958d0-24c5-454a-a831-af757bc96031
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711338.0
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2023-12-15 00:00:00 UTC
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Best Momentum Stocks to Buy for December 18th
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-december-18th
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 18:
Photronics, Inc. PLAB: This photomask manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.
Photronics, Inc. Price and Consensus
Photronics, Inc. price-consensus-chart | Photronics, Inc. Quote
Photronics' shares gained 48.5% over the last three months compared with the S&P 500’s advance of 5.3%. The company possesses a Momentum Score of A.
Photronics, Inc. Price
Photronics, Inc. price | Photronics, Inc. Quote
Dream Finders Homes, Inc. DFH: This holding company for Dream Finders Holdings LLC has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.
Dream Finders Homes, Inc. Price and Consensus
Dream Finders Homes, Inc. price-consensus-chart | Dream Finders Homes, Inc. Quote
Dream Finders Homes' shares gained 32.8% over the last three months compared with the S&P 500’s advance of 5.3%. The company possesses a Momentum Score of A.
Dream Finders Homes, Inc. Price
Dream Finders Homes, Inc. price | Dream Finders Homes, Inc. Quote
Gartner, Inc. IT: This research and advisory company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.
Gartner, Inc. Price and Consensus
Gartner, Inc. price-consensus-chart | Gartner, Inc. Quote
Gartner's shares gained 25.3% over the last three months compared with the S&P 500’s advance of 5.3%. The company possesses a Momentum Score of A.
Gartner, Inc. Price
Gartner, Inc. price | Gartner, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated 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
Gartner, Inc. (IT) : Free Stock Analysis Report
Photronics, Inc. (PLAB) : Free Stock Analysis 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.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 18: Photronics, Inc. PLAB: This photomask manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days. The company possesses a Momentum Score of A. Photronics, Inc. Price Photronics, Inc. price | Photronics, Inc. Quote Dream Finders Homes, Inc. DFH: This holding company for Dream Finders Holdings LLC has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The company possesses a Momentum Score of A. Photronics, Inc. Price Photronics, Inc. price | Photronics, Inc. Quote Dream Finders Homes, Inc. DFH: This holding company for Dream Finders Holdings LLC has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days. Dream Finders Homes, Inc. Price and Consensus Dream Finders Homes, Inc. price-consensus-chart | Dream Finders Homes, Inc. Quote Dream Finders Homes' shares gained 32.8% over the last three months compared with the S&P 500’s advance of 5.3%. Click to get this free report Gartner, Inc. (IT) : Free Stock Analysis Report Photronics, Inc. (PLAB) : Free Stock Analysis Report Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Momentum Score of A. Photronics, Inc. Price Photronics, Inc. price | Photronics, Inc. Quote Dream Finders Homes, Inc. DFH: This holding company for Dream Finders Holdings LLC has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days. Dream Finders Homes, Inc. Price and Consensus Dream Finders Homes, Inc. price-consensus-chart | Dream Finders Homes, Inc. Quote Dream Finders Homes' shares gained 32.8% over the last three months compared with the S&P 500’s advance of 5.3%. Click to get this free report Gartner, Inc. (IT) : Free Stock Analysis Report Photronics, Inc. (PLAB) : Free Stock Analysis Report Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 18: Photronics, Inc. PLAB: This photomask manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days. The company possesses a Momentum Score of A. Photronics, Inc. Price Photronics, Inc. price | Photronics, Inc. Quote Dream Finders Homes, Inc. DFH: This holding company for Dream Finders Holdings LLC has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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faa46ce4-9bc9-4bb1-8fdc-772e50c83f2d
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711339.0
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2023-12-15 00:00:00 UTC
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5 Leveraged ETFs That Gained More Than 200% in 2023
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DCOMP
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https://www.nasdaq.com/articles/5-leveraged-etfs-that-gained-more-than-200-in-2023
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This year has been a banner year for Wall Street. With just two weeks left before year-end, the Dow Jones is trading at all-time high while the S&P 500, Nasdaq Composite, small-cap Russell 2000 and S&P MidCap 400 are all trading at 52-week highs. In fact, the tech-heavy Nasdaq Composite Index is outperforming, having risen 52% year to date. The S&P 500 Index has moved 22.9% higher, while the Dow Jones has gained 12.5% (read: 5 Stocks Powering Dow ETF's 3-Month Outperformance).
This has resulted in increased demand for leveraged ETFs as investors seek to register big gains in a short span. We highlight a bunch of the best-performing leveraged equity ETFs from different corners of the market that are leaders in their segments. These include GraniteShares 1.5x Long COIN Daily ETF CONL, GraniteShares 1.5x Long NVDA Daily ETF NVDL, BMO REX MicroSectors FANG+ Index 3X Leveraged ETN FNGU, GraniteShares 1.5x Long Meta Daily ETF FBL and Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL. These funds will continue to be investors’ darlings, going into the New Year, provided the sentiments remain bullish.
A significant portion of the gains can be attributed to the strong performance of a group of large-cap stocks, referred to as the "Magnificent Seven." This group, comprising Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla, has jumped about 75% in 2023. The perceived safety of these investments, their size, competitive advantages and the potential of emerging technologies like artificial intelligence have been the key factors driving their performances.
After a sluggish third quarter, the stocks have made a solid comeback in recent weeks on optimism that the Fed is done with interest rate hikes. The Federal Reserve Chair Jerome Powell, in the latest meeting, hinted at a major policy shift as inflation is easing and the economy is holding up better. He signaled three rate cuts for the next year, compared with the previous forecast of two rate cuts in 2024. The federal funds rate is expected to be in the range of 4.4-4.9%, down from the current 5.25% to 5.50%. This indicates that the Fed will cut rates by a total of 0.75% next year, indicating that the historic rate-hiking campaign might be ending (read: Sector ETFs to Benefit From Fed Rate Cut Talks).
Americans are now feeling more confident about the economy than they did over the past few months. Consumer sentiment rebounded sharply in early December as worries about inflation receded. Retail sales also posted surprise growth in November after declining in the prior month. All this signals a strong economy, buoying investors' confidence.
Leveraged ETFs
Leveraged ETFs provide multiple exposures (2X or 3X) to the daily performance of the underlying index. These funds employ various investment strategies, such as the use of swaps, futures contracts and other derivative instruments to accomplish their objectives. Due to their compounding effect, investors can enjoy higher returns in a short period, provided the trend remains a friend.
Since most of these ETFs seek to attain their goals on a daily basis, their performances could vary significantly from the performance of their underlying index or benchmark over a longer period compared with a shorter period (such as weeks, months or years) due to their compounding effect (see: all Leveraged Equity ETFs here).
Investors should also note that leveraged ETFs involve a great deal of risk than traditional funds. They are often more costly and can be less tax-efficient, as they can see capital gains through the use of swaps and other derivative instruments.
GraniteShares 1.5x Long COIN Daily ETF (CONL) – Up 487.4%
GraniteShares 1.5x Long COIN Daily ETF seeks 1.5 times (150%) the daily percentage change of the common stock of Coinbase Global Inc (COIN). It has accumulated $22.8 million in its asset base while trading in an average daily volume of 299,000 shares. GraniteShares 1.5x Long COIN Daily ETF charges 99 bps in annual fees.
GraniteShares 1.5x Long NVDA Daily ETF (NVDL) – Up 425%
GraniteShares 1.5x Long NVDA Daily ETF magnifies exposure to a single trade, seeking 1.5 times (150%) the daily percentage change of the common stock of NVIDIA. It has an expense ratio of 1.15% and trades in a volume of 597,000 shares a day on average. GraniteShares 1.5x Long NVDA Daily ETF has amassed $251.8 million in its asset base.
BMO REX MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) – Up 419.6%
BMO REX MicroSectors FANG+ Index 3X Leveraged ETN seeks to offer three times leveraged exposure to the NYSE FANG Index. The Index includes 10 highly liquid stocks that represent industry leaders across today’s tech and internet/media companies. BMO REX MicroSectors FANG+ Index 3X Leveraged ETN charging 95 bps in annual fees. It has accumulated $2.8 billion in its asset base and trades in an average daily volume of 2 million shares (read: 5 Tech ETFs that Crushed the Magnificent Seven ETFs in 2023).
GraniteShares 1.5x Long Meta Daily ETF (FBL) – Up 305.5%
GraniteShares 1.5x Long Meta Daily ETF tracks the 1.5 times the performance of the stock of Meta Platforms (META). It has accumulated $13 million in its asset base and charges 1.15% in annual fees. GraniteShares 1.5x Long Meta Daily ETF trades in an average daily volume of 18,000 shares.
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) - Up 253%
Direxion Daily Homebuilders & Supplies Bull 3X Shares provides leveraged exposure to homebuilders. It creates a three-times-long position in the Dow Jones U.S. Select Home Construction Index, charging an annual fee of 93 bps. Direxion Daily Homebuilders & Supplies Bull 3X Shares trades in a good average daily volume of about 320,000 shares and has accumulated $301.1 million in its asset base.
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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
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL): ETF Research Reports
MicroSectors FANG+ Index 3X Leveraged ETN (FNGU): ETF Research Reports
GraniteShares 1.5x Long COIN Daily ETF (CONL): ETF Research Reports
GraniteShares 1.5x Long META Daily ETF (FBL): ETF Research Reports
GraniteShares 1.5x Long NVDA Daily ETF (NVDL): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The perceived safety of these investments, their size, competitive advantages and the potential of emerging technologies like artificial intelligence have been the key factors driving their performances. The Federal Reserve Chair Jerome Powell, in the latest meeting, hinted at a major policy shift as inflation is easing and the economy is holding up better. Due to their compounding effect, investors can enjoy higher returns in a short period, provided the trend remains a friend.
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These include GraniteShares 1.5x Long COIN Daily ETF CONL, GraniteShares 1.5x Long NVDA Daily ETF NVDL, BMO REX MicroSectors FANG+ Index 3X Leveraged ETN FNGU, GraniteShares 1.5x Long Meta Daily ETF FBL and Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL. GraniteShares 1.5x Long NVDA Daily ETF magnifies exposure to a single trade, seeking 1.5 times (150%) the daily percentage change of the common stock of NVIDIA. Click to get this free report Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL): ETF Research Reports MicroSectors FANG+ Index 3X Leveraged ETN (FNGU): ETF Research Reports GraniteShares 1.5x Long COIN Daily ETF (CONL): ETF Research Reports GraniteShares 1.5x Long META Daily ETF (FBL): ETF Research Reports GraniteShares 1.5x Long NVDA Daily ETF (NVDL): ETF Research Reports To read this article on Zacks.com click here.
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These include GraniteShares 1.5x Long COIN Daily ETF CONL, GraniteShares 1.5x Long NVDA Daily ETF NVDL, BMO REX MicroSectors FANG+ Index 3X Leveraged ETN FNGU, GraniteShares 1.5x Long Meta Daily ETF FBL and Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL. Since most of these ETFs seek to attain their goals on a daily basis, their performances could vary significantly from the performance of their underlying index or benchmark over a longer period compared with a shorter period (such as weeks, months or years) due to their compounding effect (see: all Leveraged Equity ETFs here). Click to get this free report Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL): ETF Research Reports MicroSectors FANG+ Index 3X Leveraged ETN (FNGU): ETF Research Reports GraniteShares 1.5x Long COIN Daily ETF (CONL): ETF Research Reports GraniteShares 1.5x Long META Daily ETF (FBL): ETF Research Reports GraniteShares 1.5x Long NVDA Daily ETF (NVDL): ETF Research Reports To read this article on Zacks.com click here.
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These include GraniteShares 1.5x Long COIN Daily ETF CONL, GraniteShares 1.5x Long NVDA Daily ETF NVDL, BMO REX MicroSectors FANG+ Index 3X Leveraged ETN FNGU, GraniteShares 1.5x Long Meta Daily ETF FBL and Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL. These funds will continue to be investors’ darlings, going into the New Year, provided the sentiments remain bullish. Get it free >> Want the latest recommendations from Zacks Investment Research?
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b65d5bf6-4409-47be-b05d-5d34774e1ec8
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711340.0
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2023-12-15 00:00:00 UTC
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Vertex (VRTX), CRISPR Get Positive CHMP Opinion for Gene-Therapy
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DCOMP
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https://www.nasdaq.com/articles/vertex-vrtx-crispr-get-positive-chmp-opinion-for-gene-therapy
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Vertex Pharmaceuticals Incorporated VRTX announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (“EMA”) had adopted a positive opinion, recommending the conditional approval of Casgevy to treat severe sickle cell disease (SCD) and transfusion-dependent beta thalassemia (TDT).
The CHMP’s recommendation, although not legally binding, will be considered by the EMA in its decision-making process for the approval of Casgevy in the EU for SCD and TDT. A final decision from the regulatory body is expected in February 2024.
Conditional marketing authorizations (CMAs) are usually granted to medicines that fulfill a significant unmet medical need with no satisfactory treatment methods or when a particular medicine offers a major therapeutic advantage over currently available treatments.
A CMA is granted when comprehensive clinical data is not yet complete, but the clinical benefit of the medicine outweighs the temporarily incomplete clinical data, which is poised to become available in the future. CMAs are valid for one year and renewable annually with ongoing regulatory review of data.
Casgevy, a one-time CRISPR/Cas9 gene-edited therapy, is being developed by Vertex in collaboration with CRISPR Therapeutics CRSP for the SCD and TDT indication.
Subject to approval, Casgevy will become the only gene therapy for EU patients aged 12 years and older, suffering from either severe SCD with recurrent vaso-occlusive crises (VOCs) or TDT, who are eligible for hematopoietic stem cell (HSC) transplantation when an HSC donor is not available.
Year to date, shares of Vertex have gained 42.2% against the industry’s 17.7% decline.
Image Source: Zacks Investment Research
SCD is a group of inherited blood disorders. It is a complex and progressive genetic disease that generally leads to unpredictable and debilitating VOCs. High concentrations of sickle hemoglobin in red blood cells cause them to become misshapen, sticky and rigid, with a shorter life span, which manifests acutely as hemolytic anemia, vasculopathy and vaso-occlusion.
TDT is also a life-threatening genetic disease that takes a severe toll on the quality of life of patients living with it. TDT patients require frequent blood transfusions and iron chelation therapy throughout their life. In addition, the complications associated with TDT result in reduced life expectancy.
We would like to remind the investors that in November 2023, Vertex and CRISPR first received conditional approval for Casgevy in the UK to treat both SCD and TDT. Casgevy is Vertex’s first approved therapy outside of its marketed portfolio of cystic fibrosis drugs and its first-ever FDA-approved therapy for CRISPR.
This month, Casgevy was also approved by the FDA to be marketed in the United States for the treatment of SCD. CRISPR and Vertex are also developing Casgevy for the treatment of TDT in the United States. A regulatory filing for the use of Casgevy for this indication is currently under review. A decision from the FDA is expected on Mar 30, 2024.
Vertex Pharmaceuticals Incorporated Price and Consensus
Vertex Pharmaceuticals Incorporated price-consensus-chart | Vertex Pharmaceuticals Incorporated Quote
The FDA had simultaneously approved another gene therapy for the treatment of SCD, namely Lyfgenia (lovo-cel), developed by bluebird bio BLUE.
Among the two gene therapies, the approval of Vertex/CRISPR Casgevy was more impressive since it marks the first time that the FDA approved a gene therapy utilizing the Nobel prize-winning CRISPR technology.
The gene therapy drugs, however, come with a hefty price tag, which may limit patient access. Vertex and CRISPR disclosed that they would commercially launch Casgevy at $2.1 million. In a separate press release, bluebird bio announced that it will launch Lyfgenia at $3.1 million.
Furthermore, the investors were also worried by the long and arduous treatment process of the gene therapy drugs, along with several side effects, including low levels of platelets, white blood cells and fertility problems.
bluebird bio‘s Lyfgenia label includes a black box warning for hematologic malignancy (blood cancer). Patients infused with bluebird bio’s therapy are required to be monitored for this malignancy for life.
Notably, last week, Vertex announced entering into a licensing agreement with Editas Medicine, Inc. EDIT for further development of Casgevy. The agreement grants Vertex a non-exclusive license to utilize Editas’ Cas9 gene editing technology for ex vivo gene editing medicines targeting the BCL11A gene in the fields of SCD and TDT, including Casgevy.
The Cas9 gene editing tool will provide Vertex access to a broad range of genetic mutations, which makes it possible to develop innovative gene-editing medicines with a novel mechanism of action.
Editas Medicine is currently developing its gene therapy candidate, EDIT 301, now known as renizgamglogene autogedtemcel (reni-cel), as a potential one-time, durable gene editing medicine to treat SCD and TDT. The candidate is currently being developed in two separate early-mid-stage studies, RUBY and EdiTHAL, to treat SCD and TDT, respectively.
Zacks Rank
Vertex currently has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (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
Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report
bluebird bio, Inc. (BLUE) : Free Stock Analysis Report
Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report
CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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High concentrations of sickle hemoglobin in red blood cells cause them to become misshapen, sticky and rigid, with a shorter life span, which manifests acutely as hemolytic anemia, vasculopathy and vaso-occlusion. Furthermore, the investors were also worried by the long and arduous treatment process of the gene therapy drugs, along with several side effects, including low levels of platelets, white blood cells and fertility problems. The Cas9 gene editing tool will provide Vertex access to a broad range of genetic mutations, which makes it possible to develop innovative gene-editing medicines with a novel mechanism of action.
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Vertex Pharmaceuticals Incorporated VRTX announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (“EMA”) had adopted a positive opinion, recommending the conditional approval of Casgevy to treat severe sickle cell disease (SCD) and transfusion-dependent beta thalassemia (TDT). Vertex Pharmaceuticals Incorporated Price and Consensus Vertex Pharmaceuticals Incorporated price-consensus-chart | Vertex Pharmaceuticals Incorporated Quote The FDA had simultaneously approved another gene therapy for the treatment of SCD, namely Lyfgenia (lovo-cel), developed by bluebird bio BLUE. Click to get this free report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report bluebird bio, Inc. (BLUE) : Free Stock Analysis Report Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Vertex Pharmaceuticals Incorporated Price and Consensus Vertex Pharmaceuticals Incorporated price-consensus-chart | Vertex Pharmaceuticals Incorporated Quote The FDA had simultaneously approved another gene therapy for the treatment of SCD, namely Lyfgenia (lovo-cel), developed by bluebird bio BLUE. The agreement grants Vertex a non-exclusive license to utilize Editas’ Cas9 gene editing technology for ex vivo gene editing medicines targeting the BCL11A gene in the fields of SCD and TDT, including Casgevy. Click to get this free report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report bluebird bio, Inc. (BLUE) : Free Stock Analysis Report Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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CRISPR and Vertex are also developing Casgevy for the treatment of TDT in the United States. Vertex Pharmaceuticals Incorporated Price and Consensus Vertex Pharmaceuticals Incorporated price-consensus-chart | Vertex Pharmaceuticals Incorporated Quote The FDA had simultaneously approved another gene therapy for the treatment of SCD, namely Lyfgenia (lovo-cel), developed by bluebird bio BLUE. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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5f811106-1d1f-4e65-98f6-e177c8368553
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711341.0
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2023-12-15 00:00:00 UTC
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Insiders Bullish on Certain Holdings of KBWR
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DCOMP
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https://www.nasdaq.com/articles/insiders-bullish-on-certain-holdings-of-kbwr
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A look at the weighted underlying holdings of the Invesco KBW Regional Banking ETF (KBWR) shows an impressive 14.6% of holdings on a weighted basis have experienced insider buying within the past six months.
Columbia Banking System Inc (Symbol: COLB), which makes up 2.25% of the Invesco KBW Regional Banking ETF (KBWR), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,490,294 worth of COLB, making it the #7 largest holding. The table below details the recent insider buying activity observed at COLB:
COLB — last trade: $27.18 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
06/30/2023 Kumi Yamamoto Baruffi General Counsel, Corporate Sec 854 $18.25 $15,586
06/30/2023 Aaron James Deer Chief Strategy/Innovation Offc 854 $18.25 $15,586
And CVB Financial Corp (Symbol: CVBF), the #19 largest holding among components of the Invesco KBW Regional Banking ETF (KBWR), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $1,341,239 worth of CVBF, which represents approximately 2.03% of the ETF's total assets at last check. The recent insider buying activity observed at CVBF is detailed in the table below:
CVBF — last trade: $20.89 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
07/31/2023 David F. Farnsworth EVP & CCO 1,250 $18.67 $23,338
08/08/2023 George A. Borba Jr. Director 257,704 $19.37 $4,992,258
06/30/2023 Anna Kan Director 1,900 $12.90 $24,510
11/01/2023 George A. Borba Jr. Director 212,000 $15.84 $3,358,589
11/02/2023 George A. Borba Jr. Director 97,006 $16.83 $1,632,136
10 ETFs With Stocks That Insiders Are Buying »
Also see:
LBRDA Price Target
HRZN YTD Return
Top 10 Hedge Funds Holding Progressive
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A look at the weighted underlying holdings of the Invesco KBW Regional Banking ETF (KBWR) shows an impressive 14.6% of holdings on a weighted basis have experienced insider buying within the past six months. Columbia Banking System Inc (Symbol: COLB), which makes up 2.25% of the Invesco KBW Regional Banking ETF (KBWR), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. 06/30/2023 Kumi Yamamoto Baruffi General Counsel, Corporate Sec 854 $18.25 $15,586 06/30/2023 Aaron James Deer Chief Strategy/Innovation Offc 854 $18.25 $15,586 And CVB Financial Corp (Symbol: CVBF), the #19 largest holding among components of the Invesco KBW Regional Banking ETF (KBWR), shows 3 directors and officers as recently filing Form 4's indicating purchases.
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Columbia Banking System Inc (Symbol: COLB), which makes up 2.25% of the Invesco KBW Regional Banking ETF (KBWR), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at COLB: COLB — last trade: $27.18 — Recent Insider Buys: 06/30/2023 Kumi Yamamoto Baruffi General Counsel, Corporate Sec 854 $18.25 $15,586 06/30/2023 Aaron James Deer Chief Strategy/Innovation Offc 854 $18.25 $15,586 And CVB Financial Corp (Symbol: CVBF), the #19 largest holding among components of the Invesco KBW Regional Banking ETF (KBWR), shows 3 directors and officers as recently filing Form 4's indicating purchases.
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A look at the weighted underlying holdings of the Invesco KBW Regional Banking ETF (KBWR) shows an impressive 14.6% of holdings on a weighted basis have experienced insider buying within the past six months. 06/30/2023 Kumi Yamamoto Baruffi General Counsel, Corporate Sec 854 $18.25 $15,586 06/30/2023 Aaron James Deer Chief Strategy/Innovation Offc 854 $18.25 $15,586 And CVB Financial Corp (Symbol: CVBF), the #19 largest holding among components of the Invesco KBW Regional Banking ETF (KBWR), shows 3 directors and officers as recently filing Form 4's indicating purchases. 07/31/2023 David F. Farnsworth EVP & CCO 1,250 $18.67 $23,338 08/08/2023 George A. Borba Jr. Director 257,704 $19.37 $4,992,258 06/30/2023 Anna Kan Director 1,900 $12.90 $24,510 11/01/2023 George A. Borba Jr. Director 212,000 $15.84 $3,358,589 11/02/2023 George A. Borba Jr. Director 97,006 $16.83 $1,632,136 10 ETFs With Stocks That Insiders Are Buying » Also see: LBRDA Price Target HRZN YTD Return Top 10 Hedge Funds Holding Progressive The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Columbia Banking System Inc (Symbol: COLB), which makes up 2.25% of the Invesco KBW Regional Banking ETF (KBWR), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,490,294 worth of COLB, making it the #7 largest holding. The table below details the recent insider buying activity observed at COLB: COLB — last trade: $27.18 — Recent Insider Buys:
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f63b709a-e054-462c-9ab6-8b6d941a2aee
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711342.0
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2023-12-15 00:00:00 UTC
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Biogen's (BIIB) Rare Disease Drug Skyclarys Gets CHMP Nod in EU
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DCOMP
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https://www.nasdaq.com/articles/biogens-biib-rare-disease-drug-skyclarys-gets-chmp-nod-in-eu
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nan
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nan
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Biogen Inc. BIIB announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (“EMA”) has adopted a positive opinion, recommending the marketing authorization for Skyclarys (omaveloxolone) for the treatment of Friedreich’s ataxia (FA) in patients aged 16 years and older.
FA is an ultra-rare genetic, progressive and neurodegenerative movement disorder. This disease, which is usually diagnosed during adolescence, causes progressive loss of coordination, muscle weakness and fatigue, eventually resulting in loss of mobility and finally death.
Subject to approval by the European Commission (EC), Skyclarys will become the first treatment authorized for FA within the EU.
The CHMP’s recommendation, although not legally binding, will be considered by the EC in its decision-making process for the marketing authorization of Skyclarys in the EU for FA. A final decision from the regulatory body is expected in the first quarter of 2024.
Per the press release, the positive CHMP opinion was based on upbeat efficacy and safety data from the MOXIe Part 2 study of Skyclarys for the treatment of FA. After 48 weeks, data from the study showed that treatment with Skyclarys resulted in a reduction of physical impairment compared to patients who received a placebo, as measured by the modified Friedreich Ataxia Rating Scale (MFARS). mFARS is a metric used in the assessment of the severity of neurologic features of FA.
Several other benefits across subscales of mFARS were also observed in FA patients treated with Skyclarys. The positive CHMP opinion was also fueled by additional long-term data from the MOXIe (Parts 1 and 2) clinical program, where patients treated with Skyclarys had lower mFARS scores at three years, as compared to a matched natural history group. Common side effects of treatment with the drug were also mild in severity.
Year to date, shares of Biogen have lost 10.4% compared with the industry’s 17.7% decline.
Image Source: Zacks Investment Research
Skyclarys was added to Biogen’s portfolio with the September 2023 acquisition of Reata Pharmaceuticals. It was approved by the FDA in February 2023 for the treatment of FA in patients aged 16 years.
Biogen expects Skyclarys to provide potential operating synergies with the company’s spinal muscular atrophy drug, Spinraza (nusinersen) and amyotrophic lateral sclerosis drug, Qalsody (tofersen).
On the lastearnings call Biogen’s management said that Skyclarys generated sales of $43 million in the third quarter of 2023, which appears strong. However, Skyclarys sales were not included in the third-quarter revenues as the acquisition closed in September. The sales indicate that the drug has the potential to boost Biogen’s revenues in the quarters ahead.
It is important to note that another company that is making a drug for FA is PTC Therapeutics PTCT.
PTC Therapeutics is developing vatiquinone in phase III pivotal studies for children and young adults with FA. PTC Therapeutics’ vatiquinone has been granted Orphan Drug Designation and Fast Track Designation by the FDA. In May 2023, PTCT reported top-line results from its MOVE-FA study on vatiquinone for the treatment of FA.
The study failed to achieve its primary endpoint of statistically significant change in mFARS score at week 72 in the primary analysis population. However, significant benefits on key disease subscales and secondary endpoints were observed upon treatment with vatiquinone. Furthermore, PTCT reported that the mFARS score and several secondary endpoints reached significance in the population of patients who completed the study protocol.
PTC Therapeutics is currently holding dialogues with the FDA to figure out a regulatory pathway for vatiquinone in the treatment of FA. The company believes that a confirmatory study would be required to support a regulatory filing for the investigational drug in the United States. Simultaneously, the company is also holding discussions with the EMA for the regulatory pathway of vatiquinone in the EU.
Biogen Inc. Price and Consensus
Biogen Inc. price-consensus-chart | Biogen Inc. Quote
Zacks Rank and Stocks to Consider
Biogen currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth mentioning are Puma Biotechnology, Inc. PBYI and ADMA Biologics ADMA. While PBYI sports a Zacks Rank #1 (Strong Buy), ADMA carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 30 days, the Zacks Consensus Estimate for Puma Biotech’s 2023 earnings per share (EPS) has decreased from 73 cents to 72 cents. During the same time frame, the consensus estimate for Puma Biotech’s 2024 EPS has increased from 62 cents to 64 cents. In the year so far, shares of PBYI have lost 7.3%.
PBYI’s earnings beat estimates in three of the last four quarters while missing on one occasion, delivering a four-quarter average earnings surprise of 76.55%.
In the past 30 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has remained constant at 3 cents. The consensus estimate for ADMA Biologics’ 2024 EPS is pegged at 16 cents. In the year so far, shares of ADMA have gained 8.2%.
ADMA beat estimates in three of the trailing four quarters and matched in one, delivering an average earnings surprise of 63.57%.
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
Biogen Inc. (BIIB) : Free Stock Analysis Report
PTC Therapeutics, Inc. (PTCT) : Free Stock Analysis Report
Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report
ADMA Biologics Inc (ADMA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per the press release, the positive CHMP opinion was based on upbeat efficacy and safety data from the MOXIe Part 2 study of Skyclarys for the treatment of FA. After 48 weeks, data from the study showed that treatment with Skyclarys resulted in a reduction of physical impairment compared to patients who received a placebo, as measured by the modified Friedreich Ataxia Rating Scale (MFARS). The positive CHMP opinion was also fueled by additional long-term data from the MOXIe (Parts 1 and 2) clinical program, where patients treated with Skyclarys had lower mFARS scores at three years, as compared to a matched natural history group.
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Biogen Inc. BIIB announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (“EMA”) has adopted a positive opinion, recommending the marketing authorization for Skyclarys (omaveloxolone) for the treatment of Friedreich’s ataxia (FA) in patients aged 16 years and older. While PBYI sports a Zacks Rank #1 (Strong Buy), ADMA carries a Zacks Rank #2 (Buy) at present. Click to get this free report Biogen Inc. (BIIB) : Free Stock Analysis Report PTC Therapeutics, Inc. (PTCT) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Biogen Inc. BIIB announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (“EMA”) has adopted a positive opinion, recommending the marketing authorization for Skyclarys (omaveloxolone) for the treatment of Friedreich’s ataxia (FA) in patients aged 16 years and older. Biogen Inc. Price and Consensus Biogen Inc. price-consensus-chart | Biogen Inc. Quote Zacks Rank and Stocks to Consider Biogen currently carries a Zacks Rank #3 (Hold). Click to get this free report Biogen Inc. (BIIB) : Free Stock Analysis Report PTC Therapeutics, Inc. (PTCT) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 30 days, the Zacks Consensus Estimate for Puma Biotech’s 2023 earnings per share (EPS) has decreased from 73 cents to 72 cents. In the past 30 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has remained constant at 3 cents. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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26859f7d-a775-4412-af00-10a84d4e72b4
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711343.0
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2023-12-15 00:00:00 UTC
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Does Anavex Life Sciences (AVXL) Have the Potential to Rally 401.47% as Wall Street Analysts Expect?
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DCOMP
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https://www.nasdaq.com/articles/does-anavex-life-sciences-avxl-have-the-potential-to-rally-401.47-as-wall-street-analysts
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nan
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nan
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Anavex Life Sciences (AVXL) closed the last trading session at $8.84, gaining 41% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $44.33 indicates a 401.5% upside potential.
The average comprises three short-term price targets ranging from a low of $39 to a high of $54, with a standard deviation of $8.39. While the lowest estimate indicates an increase of 341.2% from the current price level, the most optimistic estimate points to a 510.9% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in AVXL. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in AVXL
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, two estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 8.1%.
Moreover, AVXL currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much AVXL could gain, the direction of price movement it implies does appear to be a good guide.
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
Anavex Life Sciences Corp. (AVXL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anavex Life Sciences (AVXL) closed the last trading session at $8.84, gaining 41% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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Anavex Life Sciences (AVXL) closed the last trading session at $8.84, gaining 41% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Anavex Life Sciences Corp. (AVXL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much AVXL could gain, the direction of price movement it implies does appear to be a good guide.
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However, an impressive consensus price target is not the only factor that indicates a potential upside in AVXL. Here's Why There Could be Plenty of Upside Left in AVXL Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much AVXL could gain, the direction of price movement it implies does appear to be a good guide.
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fe8a6760-c8f5-4dc4-98d7-206cc94d1cda
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711344.0
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2023-12-15 00:00:00 UTC
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Wall Street Analysts Predict a 26.19% Upside in Braze, Inc. (BRZE): Here's What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-predict-a-26.19-upside-in-braze-inc.-brze%3A-heres-what-you-should-know
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nan
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nan
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Shares of Braze, Inc. (BRZE) have gained 7.9% over the past four weeks to close the last trading session at $53.98, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $68.12 indicates a potential upside of 26.2%.
The average comprises 17 short-term price targets ranging from a low of $60 to a high of $80, with a standard deviation of $5.90. While the lowest estimate indicates an increase of 11.2% from the current price level, the most optimistic estimate points to a 48.2% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for BRZE, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in BRZE
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, six estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 8.4%.
Moreover, BRZE currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much BRZE could gain, the direction of price movement it implies does appear to be a good guide.
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
Braze, Inc. (BRZE) : 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 Braze, Inc. (BRZE) have gained 7.9% over the past four weeks to close the last trading session at $53.98, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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Shares of Braze, Inc. (BRZE) have gained 7.9% over the past four weeks to close the last trading session at $53.98, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
|
Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much BRZE could gain, the direction of price movement it implies does appear to be a good guide.
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Going by the price targets, the mean estimate of $68.12 indicates a potential upside of 26.2%. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view.
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2c454366-1e8a-468f-a799-8287e1855a06
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711345.0
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2023-12-15 00:00:00 UTC
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Does AppLovin (APP) Have the Potential to Rally 28.81% as Wall Street Analysts Expect?
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DCOMP
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https://www.nasdaq.com/articles/does-applovin-app-have-the-potential-to-rally-28.81-as-wall-street-analysts-expect
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nan
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nan
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Shares of AppLovin (APP) have gained 2.2% over the past four weeks to close the last trading session at $39.95, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $51.46 indicates a potential upside of 28.8%.
The mean estimate comprises 13 short-term price targets with a standard deviation of $9.34. While the lowest estimate of $28 indicates a 29.9% decline from the current price level, the most optimistic analyst expects the stock to surge 50.2% to reach $60. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for APP, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in APP
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 1%, as one estimate has moved higher compared to no negative revision.
Moreover, APP currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much APP could gain, the direction of price movement it implies does appear to be a good guide.
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
AppLovin Corporation (APP) : 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 AppLovin (APP) have gained 2.2% over the past four weeks to close the last trading session at $39.95, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
Shares of AppLovin (APP) have gained 2.2% over the past four weeks to close the last trading session at $39.95, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
|
Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much APP could gain, the direction of price movement it implies does appear to be a good guide.
|
Going by the price targets, the mean estimate of $51.46 indicates a potential upside of 28.8%. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view.
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c79a2cf6-151c-4684-8c42-1e1109de3c33
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711346.0
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2023-12-15 00:00:00 UTC
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A Full Week with PCE, First Q4 Earnings Reports
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DCOMP
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https://www.nasdaq.com/articles/a-full-week-with-pce-first-q4-earnings-reports
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nan
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nan
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One might think that the week ahead of Christmas — which is one week from today — would be relatively quiet and free from consequential economic reports. But this year, it’s decidedly not true: key November housing data, a fresh Personal Consumption Expenditure (PCE) summary and the first companies of unofficial Q4 earnings season (which ramps up notably mid-January) all greet us at some point as the week moves along.
Pre-market futures are quietly picking up where they left off last week, with the Dow up another +66 points, the S&P 500 +12 and the Nasdaq +25 points at this hour. It’s been an undeniably great year, especially with this late-year rally pulling the Dow and small-cap Russell 2000 along, and we now see the Dow hinting toward 38K, the S&P north of 4700 and the Nasdaq now with 17K in its sights.
A new Homebuilder Confidence survey comes out after today’s open, with expectations to bounce up slightly in November from a cycle low 34 the previous month. Cycle high in July of this year was 56; prior to that, we were above 80 at various times between 2020 and very early 2022. For last month, analysts are looking for 36 — not great, but off the lowest levels since December of last year.
Existing and New Home Sales reports will also be out this week, along with another Weekly Jobless Claims set of figures, of course. But November PCE — the Fed’s preferred inflation metric — on Friday is expected to come in flat month over month, and +3.0% on the headline year-over-year rate. Core PCE year over year is estimated to cool 30 basis points (bps) from +3.5% in October to +3.2% last month. Though still a ways off optimum 2% inflation, this would be the lowest core CPI year over year since April 2021.
On the earnings front, this week, FedEx FDX kicks off proceedings tomorrow for its fiscal Q2 (calendar Q4) earnings report, which expected to see slightly negative revenue growth but +30% on earnings per share (EPS). The global delivery and logistics leader has beaten earnings estimates in each of the past four quarters, with a trailing four-quarter average of +17%. Wednesday brings us General Mills (GIS) earnings results, and Thursday has Nike NKE, CarMax KMX, Carnival Cruise Lines CCL and Paychex PAYX.
Elsewhere, we’ll keep our eye on other moving numbers that may hold some sway regarding market sentiment: 10-year bond yields remain sub-4% at 3.924% (well off the nearly 5% we saw back in mid-October, when everyone — including the Fed — still saw at least one more rate hike coming in 2023) and the 2-year is at 4.423%. Spot oil prices remain sub-$80 per barrel: the WTI is $73/bbl right now and Brent is $78.
Questions or comments about this article and/or author? Click here>>
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Carnival Corporation (CCL) : Free Stock Analysis Report
NIKE, Inc. (NKE) : Free Stock Analysis Report
Paychex, Inc. (PAYX) : Free Stock Analysis Report
FedEx Corporation (FDX) : Free Stock Analysis Report
CarMax, Inc. (KMX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But this year, it’s decidedly not true: key November housing data, a fresh Personal Consumption Expenditure (PCE) summary and the first companies of unofficial Q4 earnings season (which ramps up notably mid-January) all greet us at some point as the week moves along. Wednesday brings us General Mills (GIS) earnings results, and Thursday has Nike NKE, CarMax KMX, Carnival Cruise Lines CCL and Paychex PAYX. Elsewhere, we’ll keep our eye on other moving numbers that may hold some sway regarding market sentiment: 10-year bond yields remain sub-4% at 3.924% (well off the nearly 5% we saw back in mid-October, when everyone — including the Fed — still saw at least one more rate hike coming in 2023) and the 2-year is at 4.423%.
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Wednesday brings us General Mills (GIS) earnings results, and Thursday has Nike NKE, CarMax KMX, Carnival Cruise Lines CCL and Paychex PAYX. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report NIKE, Inc. (NKE) : Free Stock Analysis Report Paychex, Inc. (PAYX) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But this year, it’s decidedly not true: key November housing data, a fresh Personal Consumption Expenditure (PCE) summary and the first companies of unofficial Q4 earnings season (which ramps up notably mid-January) all greet us at some point as the week moves along. On the earnings front, this week, FedEx FDX kicks off proceedings tomorrow for its fiscal Q2 (calendar Q4) earnings report, which expected to see slightly negative revenue growth but +30% on earnings per share (EPS). Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report NIKE, Inc. (NKE) : Free Stock Analysis Report Paychex, Inc. (PAYX) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report CarMax, Inc. (KMX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One might think that the week ahead of Christmas — which is one week from today — would be relatively quiet and free from consequential economic reports. But November PCE — the Fed’s preferred inflation metric — on Friday is expected to come in flat month over month, and +3.0% on the headline year-over-year rate. Click here>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
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dd664719-f293-406e-a5ba-007bd26aa982
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711347.0
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2023-12-15 00:00:00 UTC
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ITGR or EW: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/itgr-or-ew%3A-which-is-the-better-value-stock-right-now-2
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nan
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nan
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Investors looking for stocks in the Medical - Instruments sector might want to consider either Integer (ITGR) or Edwards Lifesciences (EW). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
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 proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Currently, Integer has a Zacks Rank of #1 (Strong Buy), while Edwards Lifesciences has a Zacks Rank of #4 (Sell). Investors should feel comfortable knowing that ITGR likely has seen a stronger improvement to its earnings outlook than EW has recently. 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.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
ITGR currently has a forward P/E ratio of 21.23, while EW has a forward P/E of 30.69. We also note that ITGR has a PEG ratio of 1.34. 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. EW currently has a PEG ratio of 4.64.
Another notable valuation metric for ITGR is its P/B ratio of 2.22. 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, EW has a P/B of 6.93.
These metrics, and several others, help ITGR earn a Value grade of B, while EW has been given a Value grade of D.
ITGR has seen stronger estimate revision activity and sports more attractive valuation metrics than EW, so it seems like value investors will conclude that ITGR 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
Integer Holdings Corporation (ITGR) : Free Stock Analysis Report
Edwards Lifesciences Corporation (EW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 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%.
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Currently, Integer has a Zacks Rank of #1 (Strong Buy), while Edwards Lifesciences has a Zacks Rank of #4 (Sell). The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. Click to get this free report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Edwards Lifesciences Corporation (EW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. These metrics, and several others, help ITGR earn a Value grade of B, while EW has been given a Value grade of D. ITGR has seen stronger estimate revision activity and sports more attractive valuation metrics than EW, so it seems like value investors will conclude that ITGR is the superior option right now. Click to get this free report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Edwards Lifesciences Corporation (EW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, Integer has a Zacks Rank of #1 (Strong Buy), while Edwards Lifesciences has a Zacks Rank of #4 (Sell). These metrics, and several others, help ITGR earn a Value grade of B, while EW has been given a Value grade of D. ITGR has seen stronger estimate revision activity and sports more attractive valuation metrics than EW, so it seems like value investors will conclude that ITGR is the superior option right now. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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1b2eacca-514e-4cf2-a1fb-c2698cba8354
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711348.0
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2023-12-15 00:00:00 UTC
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Is Vista Oil & Gas (VIST) Stock Outpacing Its Oils-Energy Peers This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-vista-oil-gas-vist-stock-outpacing-its-oils-energy-peers-this-year
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nan
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nan
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The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR is one of 243 companies in the Oils-Energy group. The Oils-Energy group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for VIST's full-year earnings has moved 13.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, VIST has returned 82.7% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 1.6% on a year-to-date basis. This means that Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR is outperforming the sector as a whole this year.
Williams Companies, Inc. (The) (WMB) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 5.2%.
In Williams Companies, Inc. (The)'s case, the consensus EPS estimate for the current year increased 10.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR is a member of the Oil and Gas - Integrated - International industry, which includes 15 individual companies and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have lost 1% this year, meaning that VIST is performing better in terms of year-to-date returns.
Williams Companies, Inc. (The), however, belongs to the Oil and Gas - Production and Pipelines industry. Currently, this 11-stock industry is ranked #54. The industry has moved +9% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR and Williams Companies, Inc. (The) as they could maintain their solid performance.
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
Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) : Free Stock Analysis Report
Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On average, stocks in this group have lost 1% this year, meaning that VIST is performing better in terms of year-to-date returns. Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Vista Oil & Gas, S.A.B. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Over the past 90 days, the Zacks Consensus Estimate for VIST's full-year earnings has moved 13.6% higher. Sponsored ADR (VIST) : Free Stock Analysis Report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Sponsored ADR is a member of the Oil and Gas - Integrated - International industry, which includes 15 individual companies and currently sits at #92 in the Zacks Industry Rank. Sponsored ADR (VIST) : Free Stock Analysis Report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Sponsored ADR is outperforming the sector as a whole this year. On average, stocks in this group have lost 1% this year, meaning that VIST is performing better in terms of year-to-date returns.
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8e8b8764-52dc-465c-bdc1-6e6df387eef4
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711349.0
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2023-12-15 00:00:00 UTC
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BioNTech aims to start mRNA vaccine output in Rwanda in 2025
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DCOMP
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https://www.nasdaq.com/articles/biontech-aims-to-start-mrna-vaccine-output-in-rwanda-in-2025
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nan
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nan
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NAIROBI, Dec 18 (Reuters) - COVID-19 vaccine maker BioNTech 22UAy.DE aims to start production at its mRNA vaccine factory site in Rwanda in 2025, company officials said on Monday, the first foreign company mRNA vaccine manufacturing site on the continent.
The German company's first modular factory elements, based on shipping containers, were delivered to the Kigali construction site in March and were then assembled into so-called BioNTainers.
“Africa will have one of the most advanced manufacturing facilities in the world," Ugur Sahin, BioNTech co-founder and chief executive officer, said. "These BioNTainers will able to manufacture any kind of mRNA vaccines.”
The company said in a statement it had fully funded the facility, committing a total of $150 million.
The company, which developed the Western world's most widely used COVID-19 shot with U.S. partner Pfizer, in 2022 laid out a plan to enable African countries to produce its Comirnaty-branded shot under BioNTech's supervision.
BioNTech on Monday reiterated that the BioNTainers could make other mRNA vaccines, depending on product development progress and public health priorities.
BioNTech has said that the initial vaccine factory could over the next few years become part of a wider supply network spanning several African nations including Senegal and South Africa.
At the time BioNTech made the announcement to set up in Africa, there had been a much criticised delay in shipping of Western-made coronavirus vaccine doses to the continent.
"The African Union came together to make a firm commitment that we would not allow ourselves to be in that position again," Rwanda's President Paul Kagame said at the ceremony to inaugurate the factory site.
The move to start production in Africa is also part of BioNTech's push to expand mRNA manufacturing globally. The firm has so far relied on its German sites for mRNA production, as well as on sites run by its partner Pfizer in the United States and Belgium.
Rival Moderna MRNA.O in March this year unveiled plans to establish an mRNA manufacturing facility in Kenya, which would be its first such facility in Africa.
(Reporting by George Obulutsa in Nairobi, Ludwig Burger in Frankfurt, Philbert Girinema in Cabo Delgado, Mozambique; Editing by Nick Macfie)
((george.obulutsa@thomsonreuters.com; Reuters Messaging: george.obulutsa.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The German company's first modular factory elements, based on shipping containers, were delivered to the Kigali construction site in March and were then assembled into so-called BioNTainers. BioNTech has said that the initial vaccine factory could over the next few years become part of a wider supply network spanning several African nations including Senegal and South Africa. "The African Union came together to make a firm commitment that we would not allow ourselves to be in that position again," Rwanda's President Paul Kagame said at the ceremony to inaugurate the factory site.
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NAIROBI, Dec 18 (Reuters) - COVID-19 vaccine maker BioNTech 22UAy.DE aims to start production at its mRNA vaccine factory site in Rwanda in 2025, company officials said on Monday, the first foreign company mRNA vaccine manufacturing site on the continent. BioNTech on Monday reiterated that the BioNTainers could make other mRNA vaccines, depending on product development progress and public health priorities. The move to start production in Africa is also part of BioNTech's push to expand mRNA manufacturing globally.
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NAIROBI, Dec 18 (Reuters) - COVID-19 vaccine maker BioNTech 22UAy.DE aims to start production at its mRNA vaccine factory site in Rwanda in 2025, company officials said on Monday, the first foreign company mRNA vaccine manufacturing site on the continent. BioNTech on Monday reiterated that the BioNTainers could make other mRNA vaccines, depending on product development progress and public health priorities. The move to start production in Africa is also part of BioNTech's push to expand mRNA manufacturing globally.
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NAIROBI, Dec 18 (Reuters) - COVID-19 vaccine maker BioNTech 22UAy.DE aims to start production at its mRNA vaccine factory site in Rwanda in 2025, company officials said on Monday, the first foreign company mRNA vaccine manufacturing site on the continent. The firm has so far relied on its German sites for mRNA production, as well as on sites run by its partner Pfizer in the United States and Belgium. Rival Moderna MRNA.O in March this year unveiled plans to establish an mRNA manufacturing facility in Kenya, which would be its first such facility in Africa.
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bedef703-c482-4fc4-8ad8-1f4569a9dda7
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711350.0
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2023-12-15 00:00:00 UTC
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New to Investing? This 1 Consumer Discretionary Stock Could Be the Perfect Starting Point
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DCOMP
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https://www.nasdaq.com/articles/new-to-investing-this-1-consumer-discretionary-stock-could-be-the-perfect-starting-point-4
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
Focus List Spotlight: Lululemon (LULU)
Founded in 1998 and based in Vancouver, Canada, lululemon athletica inc. is a yoga-inspired athletic apparel company that creates lifestyle components. The company designs, manufactures and distributes athletic apparel and accessories for women, men and female youth.
LULU, a #2 (Buy) stock, was added to the Focus List on December 12, 2017 at $73.64 per share. Since then, shares have increased 567.38% to $491.46.
13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.25 to $12.38. LULU boasts an average earnings surprise of 9.2%.
Additionally, LULU's earnings are expected to grow 22.9% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Zacks 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
lululemon athletica inc. (LULU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
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The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Click to get this free report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
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That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
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15b10293-db3a-43de-98ce-5c55bcf62e47
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711351.0
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2023-12-15 00:00:00 UTC
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Are Investors Undervaluing 3M (MMM) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-3m-mmm-right-now
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is 3M (MMM). MMM is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.83 right now. For comparison, its industry sports an average P/E of 20.01. Over the last 12 months, MMM's Forward P/E has been as high as 13.84 and as low as 8.97, with a median of 11.23.
We also note that MMM holds a PEG ratio of 1.48. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. MMM's PEG compares to its industry's average PEG of 1.82. MMM's PEG has been as high as 1.65 and as low as 1.09, with a median of 1.28, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that 3M is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MMM feels like a great value stock at the moment.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3M Company (MMM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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We also note that MMM holds a PEG ratio of 1.48. Click to get this free report 3M Company (MMM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Click to get this free report 3M Company (MMM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. We also note that MMM holds a PEG ratio of 1.48. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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b39741af-deba-4631-8f14-ae61a522fa0d
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711352.0
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2023-12-15 00:00:00 UTC
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Why Encompass Health (EHC) is a Top Momentum Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-encompass-health-ehc-is-a-top-momentum-stock-for-the-long-term
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Encompass Health (EHC)
Encompass Health Corporation is a provider of integrated healthcare services. It offers facility-based patient care through its network of inpatient rehabilitation hospitals. With a national footprint that includes 158 hospitals across 36 states and Puerto Rico, the company delivers high-quality, cost-effective, integrated care in the healthcare space. It provides a continuum of facility-based for its patients and their families, which will gain more prevalence as coordinated care and integrated delivery payment models, such as accountable care organizations and bundled payment arrangements.
EHC is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Medical stock. EHC has a Momentum Style Score of B, and shares are up 1.8% over the past four weeks.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.07 to $3.52 per share. EHC also boasts an average earnings surprise of 17.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EHC should be on investors' 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
Encompass Health Corporation (EHC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. With a national footprint that includes 158 hospitals across 36 states and Puerto Rico, the company delivers high-quality, cost-effective, integrated care in the healthcare space.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Click to get this free report Encompass Health Corporation (EHC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
|
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. That's where the Style Scores come in. EHC is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
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1a3b5d23-508d-4774-9c44-58dcf8cb66e8
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711353.0
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2023-12-15 00:00:00 UTC
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Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-259
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Select Medical (SEM)
Select Medical is a healthcare company with approximately 53,800 employees throughout the United States. It owns long term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics.
SEM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Medical stock. SEM has a Momentum Style Score of A, and shares are up 2% over the past four weeks.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.01 to $1.96 per share. SEM boasts an average earnings surprise of 9.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, SEM should be on investors' 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
Select Medical Holdings Corporation (SEM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." Click to get this free report Select Medical Holdings Corporation (SEM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
|
The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in. SEM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
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ff01355d-7079-4f26-b9b9-d37357fb95a8
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711354.0
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2023-12-15 00:00:00 UTC
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Why NMI Holdings (NMIH) is a Top Momentum Stock for the Long-Term
|
DCOMP
|
https://www.nasdaq.com/articles/why-nmi-holdings-nmih-is-a-top-momentum-stock-for-the-long-term
|
nan
|
nan
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: NMI Holdings (NMIH)
Headquartered in Emeryville, CA, NMI Holdings was incorporated in May 2011 and began start-up operations in 2012. NMI Holdings wrote its first MI policy in 2013.
NMIH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Finance stock. NMIH has a Momentum Style Score of A, and shares are up 3.8% over the past four weeks.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.11 to $3.79 per share. NMIH boasts an average earnings surprise of 4.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, NMIH should be on investors' 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
NMI Holdings Inc (NMIH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report NMI Holdings Inc (NMIH) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. NMIH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
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fa2910e7-d187-432b-8b70-dc997013724c
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711355.0
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2023-12-15 00:00:00 UTC
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Here's Why Constellation Brands (STZ) is a Strong Momentum Stock
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-constellation-brands-stz-is-a-strong-momentum-stock
|
nan
|
nan
|
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Constellation Brands (STZ)
Founded in 1945 and headquartered in Victor, NY, Constellation Brands Inc. produces and markets beer, wine and spirits. It is the third-largest beer company and a leading, high-end wine company in the United States. It has a strong portfolio of high-quality brands, including Corona, Modelo Especial, Robert Mondavi, Kim Crawford, Meiomi and SVEDKA Vodka. The company conducts its operations in the United States, Mexico, Italy and New Zealand.
STZ is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Consumer Staples stock. STZ has a Momentum Style Score of A, and shares are up 0.4% over the past four weeks.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $11.86 per share. STZ boasts an average earnings surprise of 4.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, STZ should be on investors' 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
Constellation Brands Inc (STZ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It has a strong portfolio of high-quality brands, including Corona, Modelo Especial, Robert Mondavi, Kim Crawford, Meiomi and SVEDKA Vodka. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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What are the Zacks Style Scores? But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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2023-12-15 00:00:00 UTC
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Here's Why A.O. Smith (AOS) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-a.o.-smith-aos-is-a-strong-momentum-stock
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: A.O. Smith (AOS)
Headquartered in Milwaukee, WI, A. O. Smith Corporation is one of the leading manufacturers of commercial and residential water heating equipment, and water treatment products of the world. The company specializes in offering innovative, and energy-efficient solutions and products, which are developed and sold on a global platform.
AOS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Industrial Products stock. AOS has a Momentum Style Score of B, and shares are up 3.7% over the past four weeks.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.16 to $3.77 per share. AOS boasts an average earnings surprise of 14%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AOS should be on investors' 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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. That's where the Style Scores come in. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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b7e49d89-a465-4eaa-97b2-519c2098183b
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711357.0
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2023-12-15 00:00:00 UTC
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Scotiabank's Mexico bet eyeing $1.6 trillion N.America trade is riddled with risks
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DCOMP
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https://www.nasdaq.com/articles/scotiabanks-mexico-bet-eyeing-%241.6-trillion-n.america-trade-is-riddled-with-risks
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TORONTO, Dec 18 (Reuters) - Bank of Nova Scotia (Scotiabank) BNS.TO is eying North America's booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders including Citigroup Inc. C.N scaling back.
Scotiabank's new CEO Scott Thomson, who built a career specializing in Latam, sees the "Mexico First" strategy unveiled last week, offering clients in Canada, the United States and Mexico end-to-end trade finance, helping to differentiate Scotiabank among its Canadian rivals.
The plan will see Canada's No. 4 lender move away from other struggling South American markets. Still, it will expose Scotiabank to a market with unpredictable political risks and where foreign banks have struggled to make inroads, analysts said.
But that is not deterring Scotiabank.
"Trade is a key component of why Mexico is attractive. ... When you see the connectivity of a North American corridor, that's the essence of what we're going after," Scotiabank head of international business Francisco Aristeguieta said in an interview.
Since the three countries hammered out a "New NAFTA" deal in 2020, North American trade has hit $1.6 trillion in 2022 and international companies are moving production closer to customers to tackle supply chain woes. That is expected to add about 1.2% to Mexico's GDP this year.
Aristeguieta, who joined the bank in May, said 14% of Scotiabank's Canadian commercial bank clients have operations in North America and has a 10% market share in Mexico, giving its clients more access to the corridor.
He highlighted auto, energy and medical equipment as attractive sectors. Mexico accounts for more than a third of Scotiabank's international income.
Not everyone is convinced.
"Focusing on that (Mexico) market does make sense. ... But despite those tailwinds, there's still more political, economic, and currency risks in Mexico and Latin America than in Canada or the U.S.," Veritas Investment Research analyst Nigel D'Souza said.
Scotiabank's new strategy is key to reviving confidence in Canada's worst-performing big bank stock this year, which is down 6.6% versus a 5.9% rise in the financial sub-index .SPTTFS. It trades at a forward price-to-earnings ratio of 9.6, compared with an industry average of 10.7, according to LSEG data.
Aristeguieta sees 12% growth in the multinational business in Mexico and 50% of its commercial and wealth banking incremental earnings coming from Mexico by the next five years as trade finance often opens door to higher-margin businesses.
Aristeguieta is paying close attention to Mexico's June 2024 election and is hoping that regardless of the outcome, the country offers a stable regulatory framework for foreign investment.
Some 48 banks operate in Mexico, but just seven control 78% of the market share by total assets. Foreign banks like Citigroup have lost market share to local Mexico banks, prompting the U.S. lender to exit. But after struggling to find a buyer, Citigroup is planning an IPO of its Mexico unit.
Flavio Volpe, president of Automotive Parts Manufacturers Association of Canada said Scotiabank could face competition from China, as exporters setting up factories in Mexico to preserve their sales to the United States rely on Beijing lenders.
Tapping the North American trade drove Canadian Pacific Railway to buy Kansas City Southern to create the first direct railway linking Canada, the United States and Mexico in 2021 in a hotly contested deal.
Volpe said Scotiabank could make it work.
"It's a smart strategy for Scotia. Because the (manufacturers) in Mexico are the same ones that they probably have as customers here on a retail basis," he said.
(Reporting by Nivedita Balu in Toronto; Editing by Mark Porter)
((Nivedita.Balu@thomsonreuters.com; X: @niveditabalu;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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TORONTO, Dec 18 (Reuters) - Bank of Nova Scotia (Scotiabank) BNS.TO is eying North America's booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders including Citigroup Inc. C.N scaling back. Since the three countries hammered out a "New NAFTA" deal in 2020, North American trade has hit $1.6 trillion in 2022 and international companies are moving production closer to customers to tackle supply chain woes. Flavio Volpe, president of Automotive Parts Manufacturers Association of Canada said Scotiabank could face competition from China, as exporters setting up factories in Mexico to preserve their sales to the United States rely on Beijing lenders.
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TORONTO, Dec 18 (Reuters) - Bank of Nova Scotia (Scotiabank) BNS.TO is eying North America's booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders including Citigroup Inc. C.N scaling back. Scotiabank's new CEO Scott Thomson, who built a career specializing in Latam, sees the "Mexico First" strategy unveiled last week, offering clients in Canada, the United States and Mexico end-to-end trade finance, helping to differentiate Scotiabank among its Canadian rivals. Aristeguieta, who joined the bank in May, said 14% of Scotiabank's Canadian commercial bank clients have operations in North America and has a 10% market share in Mexico, giving its clients more access to the corridor.
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TORONTO, Dec 18 (Reuters) - Bank of Nova Scotia (Scotiabank) BNS.TO is eying North America's booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders including Citigroup Inc. C.N scaling back. Scotiabank's new CEO Scott Thomson, who built a career specializing in Latam, sees the "Mexico First" strategy unveiled last week, offering clients in Canada, the United States and Mexico end-to-end trade finance, helping to differentiate Scotiabank among its Canadian rivals. Aristeguieta, who joined the bank in May, said 14% of Scotiabank's Canadian commercial bank clients have operations in North America and has a 10% market share in Mexico, giving its clients more access to the corridor.
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Still, it will expose Scotiabank to a market with unpredictable political risks and where foreign banks have struggled to make inroads, analysts said. When you see the connectivity of a North American corridor, that's the essence of what we're going after," Scotiabank head of international business Francisco Aristeguieta said in an interview. Aristeguieta, who joined the bank in May, said 14% of Scotiabank's Canadian commercial bank clients have operations in North America and has a 10% market share in Mexico, giving its clients more access to the corridor.
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711358.0
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2023-12-15 00:00:00 UTC
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Glaukos (GKOS) Hits 52-Week High: What's Aiding the Stock?
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DCOMP
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https://www.nasdaq.com/articles/glaukos-gkos-hits-52-week-high%3A-whats-aiding-the-stock
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Shares of Glaukos Corporation GKOS scaled a new 52-week high of $81.84 on Dec 15, before closing the session marginally lower at $81.48.
Over the past year, this Zacks Rank #3 (Hold) stock has surged 92.7% compared with the 4.2% rise of the industry and the S&P 500’s 24.1% growth.
The company’s expected growth rate of 8.2% for 2024 compares with the industry’s growth projection of 21.9%. Glaukos’ earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 5.7%.
Glaukos is witnessing an upward trend in its stock price, prompted by its strength in its flagship iStent. The optimism led by a solid third-quarter 2023 performance and a strong product pipeline to support its long-term growth are expected to contribute further. However, vendor uncertainty and stiff competition continue to concern the company.
Image Source: Zacks Investment Research
Let’s delve deeper.
Key Growth Drivers
Strength in iStent: Investors are optimistic about Glaukos’ prospects with respect to its iStent. The company advanced the commercial rollout of iStent inject W during the first quarter of 2022 in key international markets, including Australia, Japan and several European countries. The product has received stand-alone indication approval in Australia and regulatory approval in India, along with registering continued progress across many of the key market access initiatives. New local coverage determinations proposed in June 2023 are likely to remove certain ophthalmic goniotomy and canaloplasty procedures from coverage that will likely have a positive impact on the iStent business.
Strong Pipeline: Investors are optimistic about Glaukos’ focus on strengthening its product pipeline. It is currently developing several pipeline products like iDose TR, iDose TREX, iDose ROCK and iLution Travoprost. These next-generation extended-release candidates are in different stages of clinical development.
This month, Glaukos announced the FDA’s approval for its New Drug Application for a single administration per eye of iDose TR (travoprost intracameral implant) 75 mcg.
Strong Q3 Results: Glaukos’ robust third-quarter 2023 results raise investors’ optimism. The company registered solid year-over-year top-line and segmental performances.
Downsides
Stiff Competition: Glaukos’ competitors include medical companies, academic and research institutions or others that develop new drugs, therapies, medical devices or surgical procedures to treat glaucoma. The company’s present or future products could be rendered obsolete as a result of advances by one or more of its present or future competitors, or by other surgical or pharmaceutical therapy development. Glaukos must continue to develop and commercialize new products, technologies, and therapies to remain competitive in the ophthalmology industry.
Vendor Uncertainty: Glaukos currently relies on a limited number of third-party suppliers, in some cases sole suppliers, to supply components for the iStent, the iStent inject models and other pipeline products. If any one or more of these suppliers cease to provide the company with sufficient quantities of components or drugs in a timely manner or on acceptable terms, the company would have to seek alternative sources of supply.
Key Picks
Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, HealthEquity, Inc. HQY and Integer Holdings Corporation ITGR.
DaVita, sporting a Zacks Rank #1 (Strong Buy), has an estimated long-term growth rate of 18.3%. DVA’s earnings surpassed estimates in all the trailing four quarters, with an average surprise of 36.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
DaVita’s shares have gained 46.2% compared with the industry’s 8.9% rise in the past year.
HealthEquity, carrying a Zacks Rank of 2 (Buy) at present, has an estimated long-term growth rate of 27.5%. HQY’s earnings surpassed estimates in all the trailing four quarters, with an average of 16.5%.
HealthEquity has gained 0.9% against the industry’s 7.2% decline over the past year.
Integer Holdings, flaunting a Zacks Rank of 1 at present, has an estimated long-term growth rate of 15.8%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 11.9%.
Integer Holdings’ shares have rallied 44.3% compared with the industry’s 4.2% rise 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
DaVita Inc. (DVA) : Free Stock Analysis Report
HealthEquity, Inc. (HQY) : Free Stock Analysis Report
Glaukos Corporation (GKOS) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company advanced the commercial rollout of iStent inject W during the first quarter of 2022 in key international markets, including Australia, Japan and several European countries. This month, Glaukos announced the FDA’s approval for its New Drug Application for a single administration per eye of iDose TR (travoprost intracameral implant) 75 mcg. Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, HealthEquity, Inc. HQY and Integer Holdings Corporation ITGR.
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Downsides Stiff Competition: Glaukos’ competitors include medical companies, academic and research institutions or others that develop new drugs, therapies, medical devices or surgical procedures to treat glaucoma. Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, HealthEquity, Inc. HQY and Integer Holdings Corporation ITGR. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Glaukos Corporation (GKOS) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Over the past year, this Zacks Rank #3 (Hold) stock has surged 92.7% compared with the 4.2% rise of the industry and the S&P 500’s 24.1% growth. Downsides Stiff Competition: Glaukos’ competitors include medical companies, academic and research institutions or others that develop new drugs, therapies, medical devices or surgical procedures to treat glaucoma. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Glaukos Corporation (GKOS) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The optimism led by a solid third-quarter 2023 performance and a strong product pipeline to support its long-term growth are expected to contribute further. Vendor Uncertainty: Glaukos currently relies on a limited number of third-party suppliers, in some cases sole suppliers, to supply components for the iStent, the iStent inject models and other pipeline products. Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, HealthEquity, Inc. HQY and Integer Holdings Corporation ITGR.
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711359.0
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2023-12-15 00:00:00 UTC
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3 Cheap Tech Stocks to Buy Right Now
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https://www.nasdaq.com/articles/3-cheap-tech-stocks-to-buy-right-now-7
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Analysts might differ on whether we are in a bull market, but the recent increases in stock prices reduced the pool of cheap tech stocks. This probably means the low-hanging fruit found at the height of the 2022 bear market has largely disappeared.
Nonetheless, investors can find bargains, particularly with established tech giants that appear poised for a comeback. With the S&P 500 close to all-time highs, investors might want to consider IBM (NYSE: IBM), Intel (NASDAQ: INTC), and Qualcomm (NASDAQ: QCOM). Here's why these three "cheap" tech stocks are potential buys right now.
1. IBM
For much of the previous decade, IBM stock fell into decline as most of its business segments became stagnant amid slowing or negative growth. But this has appeared to shift under current CEO Arvind Krishna, who led the historic $34 billion takeover of Red Hat, helping to transform IBM into a cloud giant.
That move made the company a leader in the hybrid cloud, the infrastructure that facilitates more-seamless integration between private and public clouds. It continued this transformation by spinning off its managed infrastructure business into Kyndryl and acquiring numerous cloud companies to increase its capabilities.
For 2023, IBM forecasts $10.5 billion in free cash flow, an increase of $1 billion for the year. That will help fund its more than $6 billion in annual dividend payments.
The payout, which amounts to $6.64 per share annually, has risen for 28 straight years, and its dividend yield is just above 4%. Thanks to the growth in its cloud business, the payout hikes should continue.
Admittedly, the stock has not risen significantly over the last year. Nonetheless, it sells near multiyear highs, and at a price-to-earnings (P/E) ratio of 22, investors can still buy into a tech recovery and income stream at an affordable price.
2. Intel
As with IBM, the loss of a technical lead wreaked havoc on Intel stock over the last few years. Consequently, rival Advanced Micro Devices took a technical lead in the CPU space, and it faces pressure from Nvidia and others in the data center business.
Still, CEO Pat Gelsinger envisions Intel retaking its technical lead. To that end, he has begun building foundries to support a new business, Intel Foundry Services (IFS). It has attracted clients such as Amazon and Cisco Systems, and chip design companies such as Nvidia have expressed an interest.
On the performance end, it has just released its Emerald Rapids CPUs. While Emerald Rapids might not outperform AMD's latest chips, it represents a considerable improvement that could help Intel meet its goal of technical parity in 2024.
The push to build foundries left Intel with a negative free cash flow of over $12 billion in the first nine months of the year. Still, the third quarter's adjusted free cash flow was $943 million, indicating its finances might finally be improving.
That could partly explain why its stock has risen nearly 60% over the last year. While its forward P/E of 48 might not look cheap, a price-to-sales (P/S) ratio of 4 is well below AMD's sales multiple of 10, indicating that more investors might perceive it as inexpensive as the company recovers.
3. Qualcomm
Qualcomm is another established tech giant looking to recover. Unlike IBM and Intel, it never lost its technical lead, but sales of its market-leading 5G smartphone chipsets fell as consumers became more uncertain about the economy.
Moreover, Qualcomm is in a transition amid a likely decline in importance for the smartphone. To that end, it has also pivoted into the Internet of Things and automotive markets. But the company faces significant competition in these segments, which may have led to doubts about its future.
And 63% of its revenue came from China in fiscal 2023 (ended Sept. 24). As U.S.-China relations have become more tenuous, that dependence on China could raise concerns about Qualcomm's growth.
Indeed, the aforementioned falling sales brought about a 19% revenue decline in fiscal 2023. Still, the free cash flow of almost $10 billion increased amid rising receivables and falling payables. Also, revenue forecasts in the fiscal 2024 first quarter point to a possible return in growth.
As the slump seems to have ended, investors have bid the stock to 52-week highs. And even with the beginnings of a rising stock price, investors can buy Qualcomm at 22 times earnings, a low multiple by historical standards. Assuming demand for its chipsets has finally begun to recover, investors might want to buy this stock before it becomes more pricey.
Should you invest $1,000 in International Business Machines right now?
Before you buy stock in International Business Machines, 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 International Business Machines wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Will Healy has positions in Advanced Micro Devices, Intel, and Qualcomm. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Cisco Systems, Nvidia, and Qualcomm. The Motley Fool recommends Intel and International Business Machines and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But this has appeared to shift under current CEO Arvind Krishna, who led the historic $34 billion takeover of Red Hat, helping to transform IBM into a cloud giant. Nonetheless, it sells near multiyear highs, and at a price-to-earnings (P/E) ratio of 22, investors can still buy into a tech recovery and income stream at an affordable price. While Emerald Rapids might not outperform AMD's latest chips, it represents a considerable improvement that could help Intel meet its goal of technical parity in 2024.
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Before you buy stock in International Business Machines, 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 International Business Machines wasn't one of them. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Cisco Systems, Nvidia, and Qualcomm. The Motley Fool recommends Intel and International Business Machines and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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Intel As with IBM, the loss of a technical lead wreaked havoc on Intel stock over the last few years. Before you buy stock in International Business Machines, 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 International Business Machines wasn't one of them. The Motley Fool recommends Intel and International Business Machines and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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Intel As with IBM, the loss of a technical lead wreaked havoc on Intel stock over the last few years. Qualcomm Qualcomm is another established tech giant looking to recover. Before you buy stock in International Business Machines, 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 International Business Machines wasn't one of them.
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4b85f949-0c54-4cd6-af62-4ba7c81c9679
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711360.0
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2023-12-15 00:00:00 UTC
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Cadence (CDNS) Stock Gains 69% YTD: Will the Uptrend Last?
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DCOMP
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https://www.nasdaq.com/articles/cadence-cdns-stock-gains-69-ytd%3A-will-the-uptrend-last
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nan
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nan
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Cadence Design Systems CDNS witnessed strong momentum year to date, with its shares up 69% in the same time frame compared with 53.6% and 23.4% growth of the sub-industry and S&P 500 Composite, respectively.
Cadence offers products and tools that help customers to design electronic products. Cadence’s core electronic design automation software and services enable engineers to develop different types of ICs.
Image Source: Zacks Investment Research
Catalysts Behind the Price Surge
Let’s delve deeper to unearth the factors working in favor of this Zacks Rank #3 (Hold) stock.
The company is well-positioned to benefit from continued demand for the company’s diversified product portfolio and strategic collaborations. The company is likely to benefit from increased spending by enterprises on emerging categories like IoT and AR/VR.
Per data from the Fortune Business Insights report, the global IoT market is likely to witness a CAGR of 26.1% between 2023 and 2030. This presents a significant growth opportunity for semiconductor chip makers as well as electronics sensor developers.
The company’s verification business is gaining traction due to the rising complexity of system verification and software bring-up. Also, increasing customer adoption of Cadence Cerebrus AI-driven solution is a major tailwind.
The company's management emphasized that design activity remains strong due to transformative generational trends, including AI, hyperscale computing, 5G, and autonomous driving. They also observed an increase in the production of 3D-IC and chiplet designs, and a growing number of system companies are now focusing on building custom silicon. In addition to these, management also raised their full-year guidance based on strong third-quarter results.
Revenues for 2023 are now projected in the range of $4.06-$4.1 billion compared with the earlier guidance of $4.05-$4.09 billion. Non-GAAP earnings per share (EPS) for 2023 are now expected to be between $5.07 and $5.13 compared with the earlier guidance of $5.05-$5.11.
Cadence witnessed earnings growth of 27.5% in the past five years, higher than the industry average of 12%. The stock has an impressive long-term EPS growth expectation of 19.5%, higher than the industry average of 13.1%.
The company also has a steady share repurchase program. The company repurchased shares worth approximately $185 million in the third quarter. Management intends to buy back worth approximately $125 million in the fourth quarter of 2023.
A Look at Estimates
The company’s earnings are expected to increase 19.4% and 13.3% on a year-over-year basis in 2023 and 2024, respectively. CDNS’s 2023 and 2024 revenues are anticipated to rise 14.8% and 10.9% year over year, respectively.
Cadence has an impressive earnings surprise history. The company outpaced estimates in all the trailing four quarters, delivering an average earnings surprise of 4.1%.
Recent Developments
In December, the company announced that it is teaming up with the Antiviral Platform (ASAP) Discovery Consortium to develop antivirals to prevent pandemics in the future. CDNS will offer its OpenEye molecular design software to drive the open-science AI-driven structure-enabled ASAP platform.
In November, the company announced that Samsung Foundry had completed the development of a 5G networking system on chip design using Samsung's 5LPE technology, powered by Cadence Quantus Extraction Solution and Tempus Timing Solution.
Few Headwinds
Apart from its solid fundamentals, the company is prone to several risks. The company operates in a highly competitive and capital-intensive simulation market. This is likely to negatively impact the company’s performance.
Also, supply-chain constraints and unfavorable foreign currency movement are headwinds.
Stocks to Consider
Some better-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS. Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have soared 51% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 19.8% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08. Watts Water’s long-term earnings growth rate is 7.8%.
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
Flex Ltd. (FLEX) : Free Stock Analysis Report
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
Pegasystems Inc. (PEGA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cadence Design Systems CDNS witnessed strong momentum year to date, with its shares up 69% in the same time frame compared with 53.6% and 23.4% growth of the sub-industry and S&P 500 Composite, respectively. The company's management emphasized that design activity remains strong due to transformative generational trends, including AI, hyperscale computing, 5G, and autonomous driving. They also observed an increase in the production of 3D-IC and chiplet designs, and a growing number of system companies are now focusing on building custom silicon.
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In November, the company announced that Samsung Foundry had completed the development of a 5G networking system on chip design using Samsung's 5LPE technology, powered by Cadence Quantus Extraction Solution and Tempus Timing Solution. Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cadence offers products and tools that help customers to design electronic products. Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%.
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62f33984-3c13-437c-b0e9-cb4818d4b596
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711361.0
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2023-12-15 00:00:00 UTC
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Here's Why Eaton (ETN) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-eaton-etn-is-a-strong-growth-stock
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Eaton (ETN)
Dublin, Ireland-based Eaton Corporation plc is a diversified power management company and a global technology leader in electrical components and systems. It sells products in more than 175 countries and has 92,000 employees. The company was founded in 1916.
ETN is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. ETN has a Growth Style Score of B, forecasting year-over-year earnings growth of 19.2% for the current fiscal year.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.21 to $9.02 per share. ETN boasts an average earnings surprise of 4.2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ETN should be on investors' 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
Eaton Corporation, PLC (ETN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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That's where the Style Scores come in. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. ETN is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors.
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ed2a2341-0ad0-42f9-9b91-892a87cdf9b3
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711362.0
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2023-12-15 00:00:00 UTC
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Is Qualcomm (QCOM) a Buy as Wall Street Analysts Look Optimistic?
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DCOMP
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https://www.nasdaq.com/articles/is-qualcomm-qcom-a-buy-as-wall-street-analysts-look-optimistic-0
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nan
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nan
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Qualcomm (QCOM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Qualcomm currently has an average brokerage recommendation (ABR) of 1.75, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.75 approximates between Strong Buy and Buy.
Of the 24 recommendations that derive the current ABR, 16 are Strong Buy, representing 66.7% of all recommendations.
Brokerage Recommendation Trends for QCOM
Check price target & stock forecast for Qualcomm here>>>
The ABR suggests buying Qualcomm, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in QCOM?
In terms of earnings estimate revisions for Qualcomm, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $9.10.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Qualcomm. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Qualcomm.
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
QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Qualcomm currently has an average brokerage recommendation (ABR) of 1.75, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
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Qualcomm currently has an average brokerage recommendation (ABR) of 1.75, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
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Brokerage Recommendation Trends for QCOM According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
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84f2351d-97aa-4638-af9a-6ee8e322a95f
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711363.0
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2023-12-15 00:00:00 UTC
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Why Cencora (COR) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-cencora-cor-is-a-top-growth-stock-for-the-long-term
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cencora (COR)
Chesterbrook, PA-based Cencora is one of the world’s largest pharmaceutical services companies, which focuses on providing drug distribution and related services to reduce health care costs and improve patient outcomes.
COR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. COR has a Growth Style Score of A, forecasting year-over-year earnings growth of 7.4% for the current fiscal year.
For fiscal 2024, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $12.88 per share. COR boasts an average earnings surprise of 3.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, COR should be on investors' 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
Cencora, Inc. (COR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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What are the Zacks Style Scores? That's where the Style Scores come in. COR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors.
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0c11772d-b687-4f77-a8ad-e45d5535ce01
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711364.0
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2023-12-15 00:00:00 UTC
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Here's Why Arch Capital Group (ACGL) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-arch-capital-group-acgl-is-a-strong-growth-stock
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Arch Capital Group (ACGL)
Established in 1995 and headquartered in Pembroke, Bermuda, Arch Capital Group Ltd. offers insurance, reinsurance and mortgage insurance across the world. Through its wholly-owned subsidiaries, the property and casualty (P&C) insurer provides a wide range of products and services, which include primary and excess casualty coverages, professional indemnity, workers compensation and umbrella liability and employers liability insurance coverages. The company offers a full range of property, casualty and mortgage insurance and reinsurance lines while maintaining a focus on writing specialty lines of insurance and reinsurance.
ACGL is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. ACGL has a Growth Style Score of B, forecasting year-over-year earnings growth of 57.9% for the current fiscal year.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.75 to $7.69 per share. ACGL boasts an average earnings surprise of 35.2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ACGL should be on investors' 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
Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. 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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. The company offers a full range of property, casualty and mortgage insurance and reinsurance lines while maintaining a focus on writing specialty lines of insurance and reinsurance.
|
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
|
What are the Zacks Style Scores? That's where the Style Scores come in. ACGL is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors.
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87e31433-4a95-4da6-8d06-33af4083f10e
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711365.0
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2023-12-15 00:00:00 UTC
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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick-353
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Costco (COST)
Based in Issaquah, Washington, Costco Wholesale Corporation sells high volumes of foods and general merchandise (including household products and appliances) at discounted prices through membership warehouses. It is one of the largest warehouse club operators in the United States. The company also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.
COST is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. COST has a Growth Style Score of A, forecasting year-over-year earnings growth of 7.1% for the current fiscal year.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $15.73 per share. COST boasts an average earnings surprise of 2.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, COST should be on investors' 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
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. 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%.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. Click to get this free report Costco Wholesale Corporation (COST) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
|
What are the Zacks Style Scores? That's where the Style Scores come in. COST is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors.
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c752d049-88a5-423a-8626-e164f787e42c
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711366.0
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2023-12-15 00:00:00 UTC
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Is Amcor (AMCR) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-amcor-amcr-stock-undervalued-right-now
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Amcor (AMCR) is a stock many investors are watching right now. AMCR is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
We should also highlight that AMCR has a P/B ratio of 3.54. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 8.48. Over the past 12 months, AMCR's P/B has been as high as 4.70 and as low as 3.08, with a median of 3.55.
Finally, our model also underscores that AMCR has a P/CF ratio of 8.97. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 20.83. Over the past 52 weeks, AMCR's P/CF has been as high as 13 and as low as 7.80, with a median of 9.48.
If you're looking for another solid Containers - Paper and Packaging value stock, take a look at Packaging Corporation of America (PKG). PKG is a # 2 (Buy) stock with a Value score of A.
Shares of Packaging Corporation of America are currently trading at a forward earnings multiple of 21.17 and a PEG ratio of 4.23 compared to its industry's P/E and PEG ratios of 13.72 and 2.47, respectively.
PKG's price-to-earnings ratio has been as high as 21.47 and as low as 11.62, with a median of 16.38, while its PEG ratio has been as high as 4.29 and as low as 2.32, with a median of 3.28, all within the past year.
Packaging Corporation of America also has a P/B ratio of 3.86 compared to its industry's price-to-book ratio of 8.48. Over the past year, its P/B ratio has been as high as 3.91, as low as 2.96, with a median of 3.42.
These are just a handful of the figures considered in Amcor and Packaging Corporation of America's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AMCR and PKG is an impressive value stock 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
Amcor PLC (AMCR) : Free Stock Analysis Report
Packaging Corporation of America (PKG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. These are just a handful of the figures considered in Amcor and Packaging Corporation of America's great Value grade. Click to get this free report Amcor PLC (AMCR) : Free Stock Analysis Report Packaging Corporation of America (PKG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. PKG's price-to-earnings ratio has been as high as 21.47 and as low as 11.62, with a median of 16.38, while its PEG ratio has been as high as 4.29 and as low as 2.32, with a median of 3.28, all within the past year. Click to get this free report Amcor PLC (AMCR) : Free Stock Analysis Report Packaging Corporation of America (PKG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Packaging Corporation of America also has a P/B ratio of 3.86 compared to its industry's price-to-book ratio of 8.48. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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35fdd343-4905-4411-a865-6e825a259292
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711367.0
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2023-12-15 00:00:00 UTC
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Is Ardmore Shipping (ASC) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-ardmore-shipping-asc-stock-undervalued-right-now
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Ardmore Shipping (ASC). ASC is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
Another notable valuation metric for ASC is its P/B ratio of 1.12. 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. ASC's current P/B looks attractive when compared to its industry's average P/B of 1.23. Over the past 12 months, ASC's P/B has been as high as 1.64 and as low as 0.96, with a median of 1.12.
Finally, our model also underscores that ASC has a P/CF ratio of 3.24. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. ASC's P/CF compares to its industry's average P/CF of 5.32. Over the past year, ASC's P/CF has been as high as 5.41 and as low as 2.19, with a median of 2.98.
Investors could also keep in mind Scorpio Tankers (STNG), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Shares of Scorpio Tankers are currently trading at a forward earnings multiple of 5.61 and a PEG ratio of 0.17 compared to its industry's P/E and PEG ratios of 6.08 and 0.70, respectively.
Over the last 12 months, STNG's P/E has been as high as 7.33, as low as 3.87, with a median of 5.85, and its PEG ratio has been as high as 0.22, as low as 0.09, with a median of 0.17.
Additionally, Scorpio Tankers has a P/B ratio of 1.25 while its industry's price-to-book ratio sits at 1.23. For STNG, this valuation metric has been as high as 1.56, as low as 0.94, with a median of 1.21 over the past year.
These are just a handful of the figures considered in Ardmore Shipping and Scorpio Tankers's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ASC and STNG is an impressive value stock 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
Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report
Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Investors could also keep in mind Scorpio Tankers (STNG), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Investors could also keep in mind Scorpio Tankers (STNG), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A. These are just a handful of the figures considered in Ardmore Shipping and Scorpio Tankers's great Value grade. Click to get this free report Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Investors could also keep in mind Scorpio Tankers (STNG), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A. Click to get this free report Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Investors could also keep in mind Scorpio Tankers (STNG), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A. Shares of Scorpio Tankers are currently trading at a forward earnings multiple of 5.61 and a PEG ratio of 0.17 compared to its industry's P/E and PEG ratios of 6.08 and 0.70, respectively.
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1731bf9f-5c73-4e57-a6dc-fc57457de504
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711368.0
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2023-12-15 00:00:00 UTC
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Are Investors Undervaluing Modine Manufacturing (MOD) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-modine-manufacturing-mod-right-now-7
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Modine Manufacturing (MOD). MOD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 17.31 right now. For comparison, its industry sports an average P/E of 21.30. Over the past 52 weeks, MOD's Forward P/E has been as high as 18.55 and as low as 7.35, with a median of 12.72.
Investors will also notice that MOD has a PEG ratio of 0.69. 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. MOD's industry has an average PEG of 1.01 right now. Over the past 52 weeks, MOD's PEG has been as high as 0.74 and as low as 0.29, with a median of 0.51.
Finally, investors will want to recognize that MOD has a P/CF ratio of 11.58. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 29.08. Over the past year, MOD's P/CF has been as high as 11.58 and as low as 4.99, with a median of 9.10.
Value investors will likely look at more than just these metrics, but the above data helps show that Modine Manufacturing is likely undervalued currently. And when considering the strength of its earnings outlook, MOD sticks out at as one of the market's strongest value stocks.
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
Modine Manufacturing Company (MOD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Modine Manufacturing Company (MOD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Click to get this free report Modine Manufacturing Company (MOD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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MOD is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Value investors will likely look at more than just these metrics, but the above data helps show that Modine Manufacturing is likely undervalued currently. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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1a810934-ecad-4427-a3e5-38e1f800c1f0
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711369.0
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2023-12-15 00:00:00 UTC
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Is SSAB (SSAAY) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-ssab-ssaay-stock-undervalued-right-now
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is SSAB (SSAAY). SSAAY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 9.46 right now. For comparison, its industry sports an average P/E of 9.51. Over the past 52 weeks, SSAAY's Forward P/E has been as high as 11.97 and as low as 2.63, with a median of 9.23.
We should also highlight that SSAAY has a P/B ratio of 1.19. 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. This company's current P/B looks solid when compared to its industry's average P/B of 1.81. Over the past year, SSAAY's P/B has been as high as 1.22 and as low as 0.57, with a median of 1.02.
Finally, investors will want to recognize that SSAAY has a P/CF ratio of 4.64. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 11.15. Over the past year, SSAAY's P/CF has been as high as 4.76 and as low as 1.91, with a median of 3.17.
United States Steel (X) may be another strong Steel - Producers stock to add to your shortlist. X is a # 2 (Buy) stock with a Value grade of A.
United States Steel sports a P/B ratio of 0.78 as well; this compares to its industry's price-to-book ratio of 1.81. In the past 52 weeks, X's P/B has been as high as 0.78, as low as 0.45, with a median of 0.61.
Value investors will likely look at more than just these metrics, but the above data helps show that SSAB and United States Steel are likely undervalued currently. And when considering the strength of its earnings outlook, SSAAY and X sticks out as one of the market's strongest value stocks.
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
SSAB (SSAAY) : Free Stock Analysis Report
United States Steel Corporation (X) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. United States Steel sports a P/B ratio of 0.78 as well; this compares to its industry's price-to-book ratio of 1.81. Click to get this free report SSAB (SSAAY) : Free Stock Analysis Report United States Steel Corporation (X) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Click to get this free report SSAB (SSAAY) : Free Stock Analysis Report United States Steel Corporation (X) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. United States Steel sports a P/B ratio of 0.78 as well; this compares to its industry's price-to-book ratio of 1.81. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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bbeb207c-0011-4eb5-8f86-59b2c4c4ac05
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711370.0
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2023-12-15 00:00:00 UTC
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Are Investors Undervaluing Rocky Brands (RCKY) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-rocky-brands-rcky-right-now
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Rocky Brands (RCKY). RCKY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 11.95 right now. For comparison, its industry sports an average P/E of 27.10. Over the past 52 weeks, RCKY's Forward P/E has been as high as 12.45 and as low as 5.56, with a median of 7.59.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. RCKY has a P/S ratio of 0.45. This compares to its industry's average P/S of 0.91.
Finally, our model also underscores that RCKY has a P/CF ratio of 9.67. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. RCKY's P/CF compares to its industry's average P/CF of 26.19. RCKY's P/CF has been as high as 10.05 and as low as 3.96, with a median of 6, all within the past year.
Another great Shoes and Retail Apparel stock you could consider is Skechers (SKX), which is a # 2 (Buy) stock with a Value Score of A.
Skechers is currently trading with a Forward P/E ratio of 15.81 while its PEG ratio sits at 0.58. Both of the company's metrics compare favorably to its industry's average P/E of 27.10 and average PEG ratio of 1.55.
SKX's Forward P/E has been as high as 19.13 and as low as 11.91, with a median of 14.74. During the same time period, its PEG ratio has been as high as 0.58, as low as 0.43, with a median of 0.47.
Skechers sports a P/B ratio of 2.24 as well; this compares to its industry's price-to-book ratio of 9.93. In the past 52 weeks, SKX's P/B has been as high as 2.24, as low as 1.65, with a median of 1.86.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Rocky Brands and Skechers are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, RCKY and SKX feels like a great value stock at the moment.
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
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Both of the company's metrics compare favorably to its industry's average P/E of 27.10 and average PEG ratio of 1.55. Click to get this free report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Another great Shoes and Retail Apparel stock you could consider is Skechers (SKX), which is a # 2 (Buy) stock with a Value Score of A. Skechers is currently trading with a Forward P/E ratio of 15.81 while its PEG ratio sits at 0.58. Click to get this free report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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RCKY has a P/S ratio of 0.45. Both of the company's metrics compare favorably to its industry's average P/E of 27.10 and average PEG ratio of 1.55. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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70e77855-4705-4569-bfb9-3646efef24e0
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711371.0
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2023-12-15 00:00:00 UTC
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Are Investors Undervaluing Banco Bilbao Viscaya Argentaria (BBVA) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-banco-bilbao-viscaya-argentaria-bbva-right-now-0
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Banco Bilbao Viscaya Argentaria (BBVA). BBVA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 6.39. This compares to its industry's average Forward P/E of 8.11. Over the last 12 months, BBVA's Forward P/E has been as high as 7.02 and as low as 5.11, with a median of 6.03.
Investors will also notice that BBVA has a PEG ratio of 0.44. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. BBVA's PEG compares to its industry's average PEG of 0.64. Over the past 52 weeks, BBVA's PEG has been as high as 1.23 and as low as 0.38, with a median of 0.48.
Another notable valuation metric for BBVA is its P/B ratio of 0.94. 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. This stock's P/B looks attractive against its industry's average P/B of 1.57. Over the past 12 months, BBVA's P/B has been as high as 0.97 and as low as 0.71, with a median of 0.82.
Finally, investors will want to recognize that BBVA has a P/CF ratio of 6.31. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. BBVA's current P/CF looks attractive when compared to its industry's average P/CF of 11.98. BBVA's P/CF has been as high as 6.49 and as low as 4.27, with a median of 5.49, all within the past year.
Commerzbank (CRZBY) may be another strong Banks - Foreign stock to add to your shortlist. CRZBY is a # 2 (Buy) stock with a Value grade of A.
Additionally, Commerzbank has a P/B ratio of 0.40 while its industry's price-to-book ratio sits at 1.57. For CRZBY, this valuation metric has been as high as 0.49, as low as 0.33, with a median of 0.40 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Banco Bilbao Viscaya Argentaria and Commerzbank are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BBVA and CRZBY feels like a great value stock at the moment.
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
Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report
Commerzbank AG (CRZBY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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One stock to keep an eye on is Banco Bilbao Viscaya Argentaria (BBVA). BBVA's PEG compares to its industry's average PEG of 0.64. Click to get this free report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report Commerzbank AG (CRZBY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. CRZBY is a # 2 (Buy) stock with a Value grade of A. Additionally, Commerzbank has a P/B ratio of 0.40 while its industry's price-to-book ratio sits at 1.57. Click to get this free report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report Commerzbank AG (CRZBY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. CRZBY is a # 2 (Buy) stock with a Value grade of A. Additionally, Commerzbank has a P/B ratio of 0.40 while its industry's price-to-book ratio sits at 1.57. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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9779e9ab-35c7-4fd2-9f72-99a0c9ee5449
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711372.0
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2023-12-15 00:00:00 UTC
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Are Basic Materials Stocks Lagging Denison Mine Corp (DNN) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-basic-materials-stocks-lagging-denison-mine-corp-dnn-this-year-0
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nan
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nan
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The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Denison Mine (DNN) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Denison Mine is a member of the Basic Materials sector. This group includes 230 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Denison Mine is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DNN's full-year earnings has moved 300% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DNN has gained about 53% so far this year. Meanwhile, the Basic Materials sector has returned an average of 11% on a year-to-date basis. This means that Denison Mine is outperforming the sector as a whole this year.
Another stock in the Basic Materials sector, Suzano S.A. Sponsored ADR (SUZ), has outperformed the sector so far this year. The stock's year-to-date return is 15.6%.
In Suzano S.A. Sponsored ADR's case, the consensus EPS estimate for the current year increased 8.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Denison Mine belongs to the Mining - Miscellaneous industry, which includes 54 individual stocks and currently sits at #139 in the Zacks Industry Rank. Stocks in this group have gained about 14.7% so far this year, so DNN is performing better this group in terms of year-to-date returns.
In contrast, Suzano S.A. Sponsored ADR falls under the Paper and Related Products industry. Currently, this industry has 12 stocks and is ranked #54. Since the beginning of the year, the industry has moved +13.6%.
Denison Mine and Suzano S.A. Sponsored ADR could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
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
Denison Mine Corp (DNN) : Free Stock Analysis Report
Suzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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This group includes 230 individual stocks and currently holds a Zacks Sector Rank of #14. Click to get this free report Denison Mine Corp (DNN) : Free Stock Analysis Report Suzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Looking more specifically, Denison Mine belongs to the Mining - Miscellaneous industry, which includes 54 individual stocks and currently sits at #139 in the Zacks Industry Rank. Sponsored ADR could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
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This means that Denison Mine is outperforming the sector as a whole this year. Another stock in the Basic Materials sector, Suzano S.A. Stocks in this group have gained about 14.7% so far this year, so DNN is performing better this group in terms of year-to-date returns.
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88c7c9cf-8f6f-4d42-a5ca-7f2eaa0e73a0
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711373.0
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2023-12-15 00:00:00 UTC
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Why Haemonetics (HAE) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-haemonetics-hae-is-a-top-growth-stock-for-the-long-term-1
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Haemonetics (HAE)
Haemonetics Corporation provides blood management solutions to customers encompassing blood and plasma collectors, hospitals and health care providers globally. The company’s portfolio of integrated devices, information management, and consulting services offers blood management solutions for each facet of the blood supply chain, helping better clinical outcomes. Blood and its components (plasma, platelets, and red cells) have several vital and frequently life-saving clinical applications.
HAE is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. HAE has a Growth Style Score of A, forecasting year-over-year earnings growth of 28.4% for the current fiscal year.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.07 to $3.89 per share. HAE boasts an average earnings surprise of 16.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, HAE should be on investors' 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
Haemonetics Corporation (HAE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. #1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
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What are the Zacks Style Scores? The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in.
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997c023c-0075-45c7-80ff-bb52faded9e8
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711374.0
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2023-12-15 00:00:00 UTC
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Is Barrett Business Services (BBSI) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-barrett-business-services-bbsi-stock-undervalued-right-now-0
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Barrett Business Services (BBSI) is a stock many investors are watching right now. BBSI is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 15.02 right now. For comparison, its industry sports an average P/E of 20.03. Over the past year, BBSI's Forward P/E has been as high as 15.02 and as low as 10.64, with a median of 12.79.
We also note that BBSI holds a PEG ratio of 1.07. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. BBSI's PEG compares to its industry's average PEG of 1.88. Over the last 12 months, BBSI's PEG has been as high as 1.07 and as low as 0.76, with a median of 0.91.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. BBSI has a P/S ratio of 0.71. This compares to its industry's average P/S of 0.82.
Finally, our model also underscores that BBSI has a P/CF ratio of 14.30. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 15.82. BBSI's P/CF has been as high as 14.30 and as low as 10.11, with a median of 11.81, all within the past year.
Another great Outsourcing stock you could consider is StarTek (SRT), which is a # 1 (Strong Buy) stock with a Value Score of A.
StarTek is currently trading with a Forward P/E ratio of 8.32 while its PEG ratio sits at 0.55. Both of the company's metrics compare favorably to its industry's average P/E of 20.03 and average PEG ratio of 1.88.
SRT's Forward P/E has been as high as 9.47 and as low as 5.22, with a median of 6.54. During the same time period, its PEG ratio has been as high as 0.58, as low as 0.37, with a median of 0.55.
Additionally, StarTek has a P/B ratio of 1.04 while its industry's price-to-book ratio sits at 13.68. For SRT, this valuation metric has been as high as 1.04, as low as 0.42, with a median of 0.63 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Barrett Business Services and StarTek are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BBSI and SRT feels like a great value stock at the moment.
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
Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report
StarTek, Inc. (SRT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Another great Outsourcing stock you could consider is StarTek (SRT), which is a # 1 (Strong Buy) stock with a Value Score of A. StarTek is currently trading with a Forward P/E ratio of 8.32 while its PEG ratio sits at 0.55. Both of the company's metrics compare favorably to its industry's average P/E of 20.03 and average PEG ratio of 1.88. Click to get this free report Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report StarTek, Inc. (SRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Another great Outsourcing stock you could consider is StarTek (SRT), which is a # 1 (Strong Buy) stock with a Value Score of A. StarTek is currently trading with a Forward P/E ratio of 8.32 while its PEG ratio sits at 0.55. Click to get this free report Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report StarTek, Inc. (SRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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BBSI has a P/S ratio of 0.71. Another great Outsourcing stock you could consider is StarTek (SRT), which is a # 1 (Strong Buy) stock with a Value Score of A. StarTek is currently trading with a Forward P/E ratio of 8.32 while its PEG ratio sits at 0.55. Both of the company's metrics compare favorably to its industry's average P/E of 20.03 and average PEG ratio of 1.88.
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990bec5b-ede0-47ba-9c10-7bbb10b4995f
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711375.0
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2023-12-15 00:00:00 UTC
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Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick-386
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Manulife Financial (MFC)
Headquartered in Toronto, Canada, Manulife Financial Corporation was founded in 1887. Manulife is one of the three dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the U.S. and several Asian countries. Manulife reports earnings through six divisions and has five major operating divisions – Asia, Canada, U.S. Insurance and U.S. Wealth Management, and Corporate.
MFC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 8.63; value investors should take notice.
For fiscal 2023, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.45 per share. MFC boasts an average earnings surprise of 6.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, MFC should be on investors' 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
Manulife Financial Corp (MFC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. Manulife is one of the three dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the U.S. and several Asian countries.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Click to get this free report Manulife Financial Corp (MFC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. What are the Zacks Style Scores? That's where the Style Scores come in.
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6816ef1c-b8f4-442e-a440-dc15bca3ce33
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711376.0
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2023-12-15 00:00:00 UTC
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Is Air Canada (ACDVF) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-air-canada-acdvf-stock-undervalued-right-now-1
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Air Canada (ACDVF) is a stock many investors are watching right now. ACDVF is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 5.03 right now. For comparison, its industry sports an average P/E of 10.79. Over the past year, ACDVF's Forward P/E has been as high as 19.41 and as low as -5.39, with a median of 11.97.
We also note that ACDVF holds a PEG ratio of 0.20. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ACDVF's PEG compares to its industry's average PEG of 0.37. Over the last 12 months, ACDVF's PEG has been as high as 0.21 and as low as 0.20, with a median of 0.20.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ACDVF has a P/S ratio of 0.31. This compares to its industry's average P/S of 0.32.
Finally, our model also underscores that ACDVF has a P/CF ratio of 1.76. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 6.05. ACDVF's P/CF has been as high as 9.27 and as low as -133.81, with a median of 1.78, all within the past year.
Another great Transportation - Airline stock you could consider is SkyWest (SKYW), which is a # 2 (Buy) stock with a Value Score of A.
SkyWest is currently trading with a Forward P/E ratio of 10.19 while its PEG ratio sits at 0.89. Both of the company's metrics compare favorably to its industry's average P/E of 10.79 and average PEG ratio of 0.37.
SKYW's Forward P/E has been as high as 11,210.77 and as low as -3,534.23, with a median of 13.98. During the same time period, its PEG ratio has been as high as 1.84, as low as 0.79, with a median of 0.98.
Additionally, SkyWest has a P/B ratio of 0.94 while its industry's price-to-book ratio sits at 2.97. For SKYW, this valuation metric has been as high as 0.96, as low as 0.31, with a median of 0.72 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Air Canada and SkyWest are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ACDVF and SKYW feels like a great value stock at the moment.
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
Air Canada (ACDVF) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Another great Transportation - Airline stock you could consider is SkyWest (SKYW), which is a # 2 (Buy) stock with a Value Score of A. SkyWest is currently trading with a Forward P/E ratio of 10.19 while its PEG ratio sits at 0.89. Both of the company's metrics compare favorably to its industry's average P/E of 10.79 and average PEG ratio of 0.37. Click to get this free report Air Canada (ACDVF) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Another great Transportation - Airline stock you could consider is SkyWest (SKYW), which is a # 2 (Buy) stock with a Value Score of A. SkyWest is currently trading with a Forward P/E ratio of 10.19 while its PEG ratio sits at 0.89. Click to get this free report Air Canada (ACDVF) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ACDVF has a P/S ratio of 0.31. Another great Transportation - Airline stock you could consider is SkyWest (SKYW), which is a # 2 (Buy) stock with a Value Score of A. SkyWest is currently trading with a Forward P/E ratio of 10.19 while its PEG ratio sits at 0.89. Both of the company's metrics compare favorably to its industry's average P/E of 10.79 and average PEG ratio of 0.37.
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cc000253-ebe5-4b23-8238-1b7c235ef7fb
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711377.0
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2023-12-15 00:00:00 UTC
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Tech hedge funds soar, piggybacking on Nasdaq rally
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DCOMP
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https://www.nasdaq.com/articles/tech-hedge-funds-soar-piggybacking-on-nasdaq-rally
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nan
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nan
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By Carolina Mandl
NEW YORK, Dec 15 (Reuters) - A number of U.S. equities hedge funds focused on technology are set to post double-digit returns this year, boosted by a powerful rally in the Nasdaq .IXIC and after being hard hit in 2022, according to performance numbers obtained by Reuters.
San Francisco-based SoMa Equity Partners' long/short fund, led by chief investment officer Gil Simon, soared 48% this year through November, according to a document, versus a 36% gain in the Nasdaq. Last year, the fund was down 33.9%.
Whale Rock Capital's long/short rose 28%, compared with a decline of 43% last year, two sources familiar with the matter said. Tiger Global Management's long/short fund was up 27%, a third source said - it lost 56% last year.
Coatue Management was up 20% through November, a source familiar with the return said. Last year, it was down 19%.
The so-called TMT hedge funds' (technology, media and telecommunications) performance comes as the Nasdaq surged 41.3% so far this year fueled by investors bets on the prospects of artificial intelligence. That compared with 2022 when the index fell 33%.
This year's trend has mainly benefited the so-called Magnificent Seven mega-cap growth and technology companies: Apple AAPL.O, Microsoft MSFT.O, Alphabet GOOGL.O, Amazon AMZN.O, Nvidia NVDA.O, Meta Plaforms META.O and Tesla TSLA.O.
In a letter to investors seen by Reuters, SoMa Equity told its clients it had holdings in Microsoft, Amazon and Meta. Still, those shares were not among SoMa's five top contributors to performance in the last quarter. The hedge fund profited the most from exposure to Universal Music Group NV UMG.AS, Wix.Com Ltd, Uber Technologies Inc UBER.N, Varonis Systems Inc VRNS.O and Atlassian Corporation TEAM.O, it said.
On the short side, bets against consumer-led shorts related to automotive, travel and luxury spending also helped performance, according to the letter.
On average, TMT long/short hedge funds are up 14.2% this year through November, according to data provider PivotalPath, after tumbling 22.4% in 2022.
The numbers show they are on track for a "semi-magnificent" year as on average they were not able to recover from previous losses or beat the Nasdaq.
Jon Caplis, Chief Executive Officer at PivotalPath, which tracks over $3 trillion in hedge funds, said that TMT hedge funds started this year with a lower exposure to the Nasdaq, as they reduced their risk appetite throughout last year amid mounting losses.
"While the Nasdaq has roared back, gaining 36% through November, being levered down caused TMT managers on average to catch much less of this rally," he said.
(Reporting by Carolina Mandl, in New York; editing by Jonathan Oatis and Josie Kao)
((carolina.mandl@thomsonreuters.com; +1 (917) 891-4931;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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San Francisco-based SoMa Equity Partners' long/short fund, led by chief investment officer Gil Simon, soared 48% this year through November, according to a document, versus a 36% gain in the Nasdaq. The so-called TMT hedge funds' (technology, media and telecommunications) performance comes as the Nasdaq surged 41.3% so far this year fueled by investors bets on the prospects of artificial intelligence. This year's trend has mainly benefited the so-called Magnificent Seven mega-cap growth and technology companies: Apple AAPL.O, Microsoft MSFT.O, Alphabet GOOGL.O, Amazon AMZN.O, Nvidia NVDA.O, Meta Plaforms META.O and Tesla TSLA.O.
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By Carolina Mandl NEW YORK, Dec 15 (Reuters) - A number of U.S. equities hedge funds focused on technology are set to post double-digit returns this year, boosted by a powerful rally in the Nasdaq .IXIC and after being hard hit in 2022, according to performance numbers obtained by Reuters. The so-called TMT hedge funds' (technology, media and telecommunications) performance comes as the Nasdaq surged 41.3% so far this year fueled by investors bets on the prospects of artificial intelligence. Jon Caplis, Chief Executive Officer at PivotalPath, which tracks over $3 trillion in hedge funds, said that TMT hedge funds started this year with a lower exposure to the Nasdaq, as they reduced their risk appetite throughout last year amid mounting losses.
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By Carolina Mandl NEW YORK, Dec 15 (Reuters) - A number of U.S. equities hedge funds focused on technology are set to post double-digit returns this year, boosted by a powerful rally in the Nasdaq .IXIC and after being hard hit in 2022, according to performance numbers obtained by Reuters. The so-called TMT hedge funds' (technology, media and telecommunications) performance comes as the Nasdaq surged 41.3% so far this year fueled by investors bets on the prospects of artificial intelligence. Jon Caplis, Chief Executive Officer at PivotalPath, which tracks over $3 trillion in hedge funds, said that TMT hedge funds started this year with a lower exposure to the Nasdaq, as they reduced their risk appetite throughout last year amid mounting losses.
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By Carolina Mandl NEW YORK, Dec 15 (Reuters) - A number of U.S. equities hedge funds focused on technology are set to post double-digit returns this year, boosted by a powerful rally in the Nasdaq .IXIC and after being hard hit in 2022, according to performance numbers obtained by Reuters. Last year, the fund was down 33.9%. Jon Caplis, Chief Executive Officer at PivotalPath, which tracks over $3 trillion in hedge funds, said that TMT hedge funds started this year with a lower exposure to the Nasdaq, as they reduced their risk appetite throughout last year amid mounting losses.
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828a84c9-64b7-45c2-988e-743be42ee3de
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711378.0
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2023-12-15 00:00:00 UTC
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Here's Why W.R. Berkley (WRB) is a Strong Value Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-w.r.-berkley-wrb-is-a-strong-value-stock-2
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: W.R. Berkley (WRB)
Founded in 1967 and based in Greenwich, CT., W.R. Berkley Corp. is a Fortune 500 company. It is one of the nation’s largest commercial lines property casualty insurance providers. The company offers a variety of insurance services from reinsurance, to workers comp third party administrators (TPAs).
WRB is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.62; value investors should take notice.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.29 to $4.80 per share. WRB also boasts an average earnings surprise of 4.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, WRB should be on investors' 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
W.R. Berkley Corporation (WRB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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What are the Zacks Style Scores? That's where the Style Scores come in. WRB is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
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01595bc7-07f3-4e1d-a727-1237069eb5ed
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711379.0
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2023-12-15 00:00:00 UTC
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Flowserve (FLS) is a Top-Ranked Value Stock: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/flowserve-fls-is-a-top-ranked-value-stock%3A-should-you-buy
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Flowserve (FLS)
Founded in 1912 and headquartered at Irving, TX, Flowserve Corporation is a leading manufacturer and aftermarket service provider of comprehensive flow control systems, globally.
FLS is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.65; value investors should take notice.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.05 to $2.03 per share. FLS also boasts an average earnings surprise of 27.3%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, FLS should be on investors' 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
Flowserve Corporation (FLS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
|
What are the Zacks Style Scores? However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. That's where the Style Scores come in.
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5abd0cad-6472-41bc-a975-c6ea5ed3fbd0
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711380.0
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2023-12-15 00:00:00 UTC
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Are Consumer Discretionary Stocks Lagging fuboTV (FUBO) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-consumer-discretionary-stocks-lagging-fubotv-fubo-this-year-1
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nan
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nan
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has fuboTV Inc. (FUBO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
fuboTV Inc. is one of 281 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. fuboTV Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FUBO's full-year earnings has moved 6.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that FUBO has returned about 93.1% since the start of the calendar year. At the same time, Consumer Discretionary stocks have gained an average of 18.1%. This means that fuboTV Inc. is performing better than its sector in terms of year-to-date returns.
Another stock in the Consumer Discretionary sector, Lululemon (LULU), has outperformed the sector so far this year. The stock's year-to-date return is 53.4%.
The consensus estimate for Lululemon's current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, fuboTV Inc. is a member of the Broadcast Radio and Television industry, which includes 22 individual companies and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 34.6% so far this year, so FUBO is performing better this group in terms of year-to-date returns.
On the other hand, Lululemon belongs to the Textile - Apparel industry. This 19-stock industry is currently ranked #170. The industry has moved +18.7% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to fuboTV Inc. and Lululemon as they could maintain their solid performance.
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
fuboTV Inc. (FUBO) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to fuboTV Inc. and Lululemon as they could maintain their solid performance. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Another stock in the Consumer Discretionary sector, Lululemon (LULU), has outperformed the sector so far this year. Click to get this free report fuboTV Inc. (FUBO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Stocks in this group have gained about 34.6% so far this year, so FUBO is performing better this group in terms of year-to-date returns. Click to get this free report fuboTV Inc. (FUBO) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has fuboTV Inc. (FUBO) been one of those stocks this year? This means that fuboTV Inc. is performing better than its sector in terms of year-to-date returns. Another stock in the Consumer Discretionary sector, Lululemon (LULU), has outperformed the sector so far this year.
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794d2cf0-a711-48ff-8ff7-bec29608e2cf
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711381.0
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2023-12-15 00:00:00 UTC
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Here's Why Centene (CNC) is a Strong Value Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-centene-cnc-is-a-strong-value-stock-3
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Centene (CNC)
Centene Corporation is a well-diversified healthcare company that primarily provides a set of services to the government sponsored healthcare programs. The company serves the under-insured and uninsured individuals through member-focused services. It is also engaged in providing education and outreach programs to inform and assist members in accessing quality, appropriate healthcare services.
CNC is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 11.15; value investors should take notice.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.20 to $6.66 per share. CNC boasts an average earnings surprise of 5.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CNC should be on investors' 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
Centene Corporation (CNC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. 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%.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Centene Corporation (CNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
|
What are the Zacks Style Scores? It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in.
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5d86954a-d63d-49e6-beff-a0fcf767312c
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711382.0
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2023-12-15 00:00:00 UTC
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Are Medical Stocks Lagging Bausch Health (BHC) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-medical-stocks-lagging-bausch-health-bhc-this-year
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nan
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nan
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The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bausch Health (BHC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Bausch Health is one of 1087 companies in the Medical group. The Medical group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Bausch Health is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BHC's full-year earnings has moved 3.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BHC has moved about 15.9% on a year-to-date basis. At the same time, Medical stocks have lost an average of 4.1%. As we can see, Bausch Health is performing better than its sector in the calendar year.
Another Medical stock, which has outperformed the sector so far this year, is Connect Biopharma Holdings Limited Sponsored ADR (CNTB). The stock has returned 8.8% year-to-date.
In Connect Biopharma Holdings Limited Sponsored ADR's case, the consensus EPS estimate for the current year increased 26.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bausch Health belongs to the Medical - Generic Drugs industry, a group that includes 15 individual stocks and currently sits at #45 in the Zacks Industry Rank. On average, stocks in this group have gained 33% this year, meaning that BHC is slightly underperforming its industry in terms of year-to-date returns.
Connect Biopharma Holdings Limited Sponsored ADR, however, belongs to the Medical - Biomedical and Genetics industry. Currently, this 527-stock industry is ranked #58. The industry has moved -14.6% so far this year.
Bausch Health and Connect Biopharma Holdings Limited Sponsored ADR could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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Bausch Health Cos Inc. (BHC) : Free Stock Analysis Report
Connect Biopharma Holdings Limited Sponsored ADR (CNTB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In Connect Biopharma Holdings Limited Sponsored ADR's case, the consensus EPS estimate for the current year increased 26.9% over the past three months. On average, stocks in this group have gained 33% this year, meaning that BHC is slightly underperforming its industry in terms of year-to-date returns. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Another Medical stock, which has outperformed the sector so far this year, is Connect Biopharma Holdings Limited Sponsored ADR (CNTB). Bausch Health and Connect Biopharma Holdings Limited Sponsored ADR could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks. Click to get this free report Bausch Health Cos Inc. (BHC) : Free Stock Analysis Report Connect Biopharma Holdings Limited Sponsored ADR (CNTB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Bausch Health and Connect Biopharma Holdings Limited Sponsored ADR could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks. Click to get this free report Bausch Health Cos Inc. (BHC) : Free Stock Analysis Report Connect Biopharma Holdings Limited Sponsored ADR (CNTB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As we can see, Bausch Health is performing better than its sector in the calendar year. Another Medical stock, which has outperformed the sector so far this year, is Connect Biopharma Holdings Limited Sponsored ADR (CNTB). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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367a23bd-9eb8-43aa-8e59-b66fcfd35480
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711383.0
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2023-12-15 00:00:00 UTC
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Is Adobe (ADBE) Outperforming Other Computer and Technology Stocks This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-adobe-adbe-outperforming-other-computer-and-technology-stocks-this-year-1
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nan
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nan
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Adobe Systems (ADBE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Adobe Systems is one of 623 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Adobe Systems is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADBE's full-year earnings has moved 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ADBE has returned 73.7% so far this year. At the same time, Computer and Technology stocks have gained an average of 50%. This means that Adobe Systems is performing better than its sector in terms of year-to-date returns.
One other Computer and Technology stock that has outperformed the sector so far this year is Datadog (DDOG). The stock is up 66.8% year-to-date.
The consensus estimate for Datadog's current year EPS has increased 6700% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Adobe Systems belongs to the Computer - Software industry, a group that includes 36 individual stocks and currently sits at #79 in the Zacks Industry Rank. This group has gained an average of 52.9% so far this year, so ADBE is performing better in this area.
In contrast, Datadog falls under the Internet - Software industry. Currently, this industry has 147 stocks and is ranked #26. Since the beginning of the year, the industry has moved +65.6%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Adobe Systems and Datadog as they could maintain their solid performance.
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
Datadog, Inc. (DDOG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Adobe Systems and Datadog as they could maintain their solid performance. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Over the past 90 days, the Zacks Consensus Estimate for ADBE's full-year earnings has moved 2.3% higher. Looking more specifically, Adobe Systems belongs to the Computer - Software industry, a group that includes 36 individual stocks and currently sits at #79 in the Zacks Industry Rank. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report Datadog, Inc. (DDOG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Looking more specifically, Adobe Systems belongs to the Computer - Software industry, a group that includes 36 individual stocks and currently sits at #79 in the Zacks Industry Rank. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report Datadog, Inc. (DDOG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Adobe Systems is one of 623 individual stocks in the Computer and Technology sector. Adobe Systems is currently sporting a Zacks Rank of #2 (Buy). One other Computer and Technology stock that has outperformed the sector so far this year is Datadog (DDOG).
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db726cc4-b73b-4a05-83d3-e46fdadf6cca
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711384.0
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2023-12-15 00:00:00 UTC
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Are Investors Undervaluing South Plains Financial (SPFI) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-south-plains-financial-spfi-right-now-0
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is South Plains Financial (SPFI). SPFI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Another valuation metric that we should highlight is SPFI's P/B ratio of 1.34. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.92. SPFI's P/B has been as high as 1.50 and as low as 0.89, with a median of 1.16, over the past year.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. SPFI has a P/S ratio of 1.68. This compares to its industry's average P/S of 1.94.
Finally, investors will want to recognize that SPFI has a P/CF ratio of 6.82. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. SPFI's current P/CF looks attractive when compared to its industry's average P/CF of 11.79. Over the past 52 weeks, SPFI's P/CF has been as high as 7.41 and as low as 5.04, with a median of 6.04.
These figures are just a handful of the metrics value investors tend to look at, but they help show that South Plains Financial is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, SPFI feels like a great value stock at the moment.
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
South Plains Financial, Inc. (SPFI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. One company to watch right now is South Plains Financial (SPFI). Click to get this free report South Plains Financial, Inc. (SPFI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report South Plains Financial, Inc. (SPFI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. SPFI has a P/S ratio of 1.68. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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234e6230-e478-4d08-beae-636bc535f688
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711385.0
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2023-12-15 00:00:00 UTC
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Are Retail-Wholesale Stocks Lagging Deckers Outdoor (DECK) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-retail-wholesale-stocks-lagging-deckers-outdoor-deck-this-year-1
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nan
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nan
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Deckers (DECK) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
Deckers is one of 221 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Deckers is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DECK's full-year earnings has moved 4.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, DECK has gained about 76.1% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 24.9%. This means that Deckers is outperforming the sector as a whole this year.
One other Retail-Wholesale stock that has outperformed the sector so far this year is MINISO Group Holding Limited Unsponsored ADR (MNSO). The stock is up 78.4% year-to-date.
For MINISO Group Holding Limited Unsponsored ADR, the consensus EPS estimate for the current year has increased 12.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Deckers is a member of the Retail - Apparel and Shoes industry, which includes 43 individual companies and currently sits at #136 in the Zacks Industry Rank. Stocks in this group have gained about 18.7% so far this year, so DECK is performing better this group in terms of year-to-date returns. MINISO Group Holding Limited Unsponsored ADR is also part of the same industry.
Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR. These stocks will be looking to continue their solid performance.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For MINISO Group Holding Limited Unsponsored ADR, the consensus EPS estimate for the current year has increased 12.1% over the past three months. Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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One other Retail-Wholesale stock that has outperformed the sector so far this year is MINISO Group Holding Limited Unsponsored ADR (MNSO). Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. One other Retail-Wholesale stock that has outperformed the sector so far this year is MINISO Group Holding Limited Unsponsored ADR (MNSO). Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Deckers is one of 221 individual stocks in the Retail-Wholesale sector. Stocks in this group have gained about 18.7% so far this year, so DECK is performing better this group in terms of year-to-date returns. Investors with an interest in Retail-Wholesale stocks should continue to track Deckers and MINISO Group Holding Limited Unsponsored ADR.
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4b452380-baac-441e-9192-3e7075f0b770
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711386.0
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2023-12-15 00:00:00 UTC
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Are Business Services Stocks Lagging Copart (CPRT) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-business-services-stocks-lagging-copart-cprt-this-year-2
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nan
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nan
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The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Copart, Inc. (CPRT) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Copart, Inc. is a member of the Business Services sector. This group includes 318 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Copart, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CPRT's full-year earnings has moved 4.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CPRT has gained about 60.7% so far this year. Meanwhile, the Business Services sector has returned an average of 21.1% on a year-to-date basis. This means that Copart, Inc. is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Braze, Inc. (BRZE), has outperformed the sector so far this year. The stock's year-to-date return is 97.9%.
In Braze, Inc.'s case, the consensus EPS estimate for the current year increased 8.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Copart, Inc. belongs to the Auction and Valuation Services industry, which includes 2 individual stocks and currently sits at #4 in the Zacks Industry Rank. Stocks in this group have gained about 58.3% so far this year, so CPRT is performing better this group in terms of year-to-date returns.
In contrast, Braze, Inc. falls under the Technology Services industry. Currently, this industry has 176 stocks and is ranked #74. Since the beginning of the year, the industry has moved +49%.
Copart, Inc. and Braze, Inc. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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
Copart, Inc. (CPRT) : Free Stock Analysis Report
Braze, Inc. (BRZE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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This group includes 318 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Click to get this free report Copart, Inc. (CPRT) : Free Stock Analysis Report Braze, Inc. (BRZE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Another stock in the Business Services sector, Braze, Inc. (BRZE), has outperformed the sector so far this year. Copart, Inc. and Braze, Inc. could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
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Over the past 90 days, the Zacks Consensus Estimate for CPRT's full-year earnings has moved 4.8% higher. Another stock in the Business Services sector, Braze, Inc. (BRZE), has outperformed the sector so far this year. Stocks in this group have gained about 58.3% so far this year, so CPRT is performing better this group in terms of year-to-date returns.
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641b0622-7a10-4022-995e-ea91f16d04ed
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711387.0
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2023-12-15 00:00:00 UTC
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Here's Why Delta Air Lines (DAL) is a Strong Value Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-delta-air-lines-dal-is-a-strong-value-stock
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Delta Air Lines (DAL)
Delta Air Lines is one of the four carriers that controls majority of the US aviation market (the carriers account for more than 60% of the domestic market share). This development followed a spate of mergers in the industry during the early part of this century.
DAL is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 6.93; value investors should take notice.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.03 to $6.11 per share. DAL also boasts an average earnings surprise of 4.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, DAL should be on investors' 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
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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711388.0
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2023-12-15 00:00:00 UTC
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Why This 1 Industrial Products Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-industrial-products-stock-could-be-a-great-addition-to-your-portfolio-5
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Caterpillar (CAT)
Caterpillar, known for its iconic yellow machines, is the largest global construction and mining equipment manufacturer. Given that it serves a gamut of sectors - infrastructure, construction, mining, oil & gas and transportation, the company is considered a bellwether of the global economy.
Since being added to the Focus List on April 18, 2017 at $94.14 per share, shares of CAT have increased 203.53% to $285.74. The stock is currently a #3 (Hold) on the Zacks Rank.
10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.66 to $20.58. CAT boasts an average earnings surprise of 16.6%.
Moreover, analysts are expecting CAT's earnings to grow 48.7% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Zacks 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
Caterpillar Inc. (CAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio. Given that it serves a gamut of sectors - infrastructure, construction, mining, oil & gas and transportation, the company is considered a bellwether of the global economy. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio.
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One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
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One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum. 10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023.
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711389.0
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2023-12-15 00:00:00 UTC
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Down 91%, Is ZIM Stock a Buy for 2024?
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DCOMP
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https://www.nasdaq.com/articles/down-91-is-zim-stock-a-buy-for-2024
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Fool.com contributor Parkev Tatevosian highlights the significant challenges ZIM Integrated Shipping (NYSE: ZIM) must overcome in 2024.
*Stock prices used were the afternoon prices of Dec. 15, 2023. The video was published on Dec. 17, 2023.
Should you invest $1,000 in Zim Integrated Shipping Services right now?
Before you buy stock in Zim Integrated Shipping Services, 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 Zim Integrated Shipping Services 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
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Zim Integrated Shipping Services. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 10 stocks that made the cut could produce monster returns in the coming years. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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Should you invest $1,000 in Zim Integrated Shipping Services right now? Before you buy stock in Zim Integrated Shipping Services, 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 Zim Integrated Shipping Services wasn't one of them. The Motley Fool recommends Zim Integrated Shipping Services.
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Before you buy stock in Zim Integrated Shipping Services, 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 Zim Integrated Shipping Services wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Zim Integrated Shipping Services.
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Before you buy stock in Zim Integrated Shipping Services, 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 Zim Integrated Shipping Services wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Zim Integrated Shipping Services.
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641d2f1a-350b-4285-adc4-7cb0ce77f124
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711390.0
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2023-12-15 00:00:00 UTC
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Alphabet (GOOGL) Enhances Pixel Offerings With New Releases
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DCOMP
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https://www.nasdaq.com/articles/alphabet-googl-enhances-pixel-offerings-with-new-releases
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Alphabet GOOGL is widely enhancing its smartphone offerings with the addition of new features to its Pixel smartphones.
The company’s latest addition of the Pixel Diagnostic App and repair manuals in English holds testimony to the aforesaid fact.
Notably, the Pixel Diagnostic App allows for pre and post-repair diagnostics for all Pixel devices, categorized by visual, sensor, connectivity, camera, audio, screen, others, outer display and defects.
Further, Google’s release of English repair manuals for Pixel Fold, 8 and 8 Pro in the United States provides step-by-step instructions for assembling and disassembling devices. Google plans to upload more manuals for previous and future devices in the future.
Alphabet is expected to gain solid traction across smartphone users on the back of its latest move. This, in turn, will strengthen its footing in the global smartphone market space.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Growth Prospects
Per a Mordor Intelligence report, the smartphone market volume is expected to hit 1.45 billion units in 2023 and grow to 1.78 billion units by 2028, witnessing a CAGR of 4.1% between 2023 and 2028.
Solidifying prospects of Alphabet in the promising smartphone market will likely instill investor optimism in the stock.
Alphabet has gained 50.3% on a year-to-date basis compared with the industry’s growth of 51.5%.
Moreover, strength in its smartphone offerings will likely aid the performance of the Google Services segment, which constitutes the majority of total revenues.
In third-quarter 2023, Google Services’ revenues increased 10.8% year over year to $67.99 billion, accounting for 88.6% of total revenues.
Our model projects fourth-quarter 2023 Google Services revenues at $72.79 billion, indicating growth of 7.3% from 2022.
Stiff Competition With Apple
The latest launches are expected to aid Alphabet in competing well with Apple AAPL, which is riding on solid momentum in the iPhone series.
For fourth-quarter 2023, iPhone sales increased 2.8% from the year-ago quarter to $43.805 billion and accounted for 48.9% of total sales.
Notably, Apple is enhancing its capabilities for the newly launched iPhone 15 series with new feature updates.
Recently, it added a Journal app to the iPhone 15 Pro and iPhone 15 Pro Max that encourages gratitude through journaling and improves wellbeing. It allows users to capture everyday moments and events, with on-device machine learning providing personalized suggestions and customizable notifications.
Additionally, Apple announced that it is expanding Self Service Repair by launching a new diagnostic tool for the iPhone 15 lineup that gives users more transparency and autonomy to troubleshoot issues.
Zacks Rank & Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Badger Meter BMI and Flex FLEX, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Badger Meter have gained 31.1% in the year-to-date period. BMI’s long-term earnings growth rate is 20.39%.
Flex shares have gained 34.6% in the year-to-date period. The long-term earnings growth rate for FLEX is currently projected at 12.39%.
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
Apple Inc. (AAPL) : Free Stock Analysis Report
Badger Meter, Inc. (BMI) : Free Stock Analysis Report
Flex Ltd. (FLEX) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company’s latest addition of the Pixel Diagnostic App and repair manuals in English holds testimony to the aforesaid fact. Further, Google’s release of English repair manuals for Pixel Fold, 8 and 8 Pro in the United States provides step-by-step instructions for assembling and disassembling devices. Additionally, Apple announced that it is expanding Self Service Repair by launching a new diagnostic tool for the iPhone 15 lineup that gives users more transparency and autonomy to troubleshoot issues.
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The company’s latest addition of the Pixel Diagnostic App and repair manuals in English holds testimony to the aforesaid fact. In third-quarter 2023, Google Services’ revenues increased 10.8% year over year to $67.99 billion, accounting for 88.6% of total revenues. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growth Prospects Per a Mordor Intelligence report, the smartphone market volume is expected to hit 1.45 billion units in 2023 and grow to 1.78 billion units by 2028, witnessing a CAGR of 4.1% between 2023 and 2028. Zacks Rank & Stocks to Consider Currently, Alphabet carries a Zacks Rank #3 (Hold). Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alphabet GOOGL is widely enhancing its smartphone offerings with the addition of new features to its Pixel smartphones. Further, Google’s release of English repair manuals for Pixel Fold, 8 and 8 Pro in the United States provides step-by-step instructions for assembling and disassembling devices. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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711391.0
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2023-12-15 00:00:00 UTC
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Stock Market News for Dec 18, 2023
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DCOMP
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https://www.nasdaq.com/articles/stock-market-news-for-dec-18-2023
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Wall Street ended mixed on Friday to close out the week. Markets pared some of the gains made in the week on important Fed officials turning hawkish. Two of the three major stock indexes ended in the green while one remained flat.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.2%, or 56.81 points, to close at 37,305.16. Twenty-one components of the 30-stock index ended in positive territory, while nine ended in negative.
The tech-heavy Nasdaq Composite gained 0.4%, or 52.36 points, to close at 14,813.92.
The S&P 500 remained virtually flat at 4,719.19. Eight out of the 11 broad sectors of the benchmark index closed in the red. The Utilities Select Sector SPDR (XLU), the Real Estate Select Sector SPDR (XLRE) and the Health Care Select Sector SPDR (XLV) retracted 1.7%, 1.2% and 0.9%, respectively, while the Technology Select Sector SPDR (XLK) advanced 0.5%.
The fear-gauge CBOE Volatility Index (VIX) decreased 1.6% to 12.28. A total of 19.8 billion shares were traded on Friday, higher than the last 20-session average of 11.8 billion. Decliners outnumbered advancers on the NYSE by a 2.00-to-1 ratio. On the Nasdaq, declining issues led advancing ones by 1.54-to-1.
Comments From Fed Officials Dampen Mood
The recent euphoria witnessed in Wall Street on the back of Jerome Powell’s assertion that the Fed might have reached the end of its rate hike cycle and is looking to cut rates soon got dampened a bit on Friday. One of the top policymakers from the central bank turned hawkish, and the markets pared some of the stellar gains made through the week.
"We aren't really talking about rate cuts right now," New York Fed president John Williams said in an interview on Friday. On the question of rate cuts, he said, "I just think it's just premature to be even thinking about that." The central bank continues to mull whether monetary policy is in the right place to help guide inflation back to its 2% target.
Atlanta Fed president Raphael Bostic also, in an interview given on Friday, suggested that he does not expect a rate cut before third-quarter 2024. This also had an adverse impact on the mood of market participants, as the general consensus is for a rate cut in the first quarter.
Consequently, shares of American Electric Power Company, Inc. AEP and Exelon Corporation EXC declined 1.3% and 6.4%, respectively. Both carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Weekly Roundup
All of the three widely followed indexes closed a seventh straight winning week. The Dow Jones Industrial Average, the tech-heavy Nasdaq Composite and the S&P 500 jumped 2.9%, 2.8% and 2.5%, respectively. During the week, investor mood remained upbeat upon the conclusion of the Fed December meeting, where it signaled that interest rates may have already peaked and rate cuts were to be expected in 2024. Inflation indicators also suggested that the tight monetary policy employed by the central bank was taking effect, with headline PPI remaining flat and CPI coming in way below expectations. Treasury yields fell, hovering around the 4% mark, down from their October peak of above 5%.
Economic Data
Per the Federal Reserve, capacity utilization for November came in at 78.8, increasing slightly from the revised figure of 78.7 for October. The October number had been previously reported to be at 78.9.
Industrial production for November increased 0.2% against the revised -0.9% for October. The October number was earlier reported to be at -0.6%.
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
Exelon Corporation (EXC) : Free Stock Analysis Report
American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlanta Fed president Raphael Bostic also, in an interview given on Friday, suggested that he does not expect a rate cut before third-quarter 2024. Inflation indicators also suggested that the tight monetary policy employed by the central bank was taking effect, with headline PPI remaining flat and CPI coming in way below expectations. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Consequently, shares of American Electric Power Company, Inc. AEP and Exelon Corporation EXC declined 1.3% and 6.4%, respectively. The Dow Jones Industrial Average, the tech-heavy Nasdaq Composite and the S&P 500 jumped 2.9%, 2.8% and 2.5%, respectively. Click to get this free report Exelon Corporation (EXC) : Free Stock Analysis Report American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Utilities Select Sector SPDR (XLU), the Real Estate Select Sector SPDR (XLRE) and the Health Care Select Sector SPDR (XLV) retracted 1.7%, 1.2% and 0.9%, respectively, while the Technology Select Sector SPDR (XLK) advanced 0.5%. Comments From Fed Officials Dampen Mood The recent euphoria witnessed in Wall Street on the back of Jerome Powell’s assertion that the Fed might have reached the end of its rate hike cycle and is looking to cut rates soon got dampened a bit on Friday. Click to get this free report Exelon Corporation (EXC) : Free Stock Analysis Report American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One of the top policymakers from the central bank turned hawkish, and the markets pared some of the stellar gains made through the week. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Industrial production for November increased 0.2% against the revised -0.9% for October.
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711392.0
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2023-12-15 00:00:00 UTC
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Is It Worth Investing in Rambus (RMBS) Based on Wall Street's Bullish Views?
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DCOMP
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https://www.nasdaq.com/articles/is-it-worth-investing-in-rambus-rmbs-based-on-wall-streets-bullish-views-0
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rambus (RMBS).
Rambus currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by five brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the five recommendations that derive the current ABR, five are Strong Buy, representing 100% of all recommendations.
Brokerage Recommendation Trends for RMBS
Check price target & stock forecast for Rambus here>>>
The ABR suggests buying Rambus, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is RMBS a Good Investment?
In terms of earnings estimate revisions for Rambus, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $1.76.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Rambus. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Rambus.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rambus, Inc. (RMBS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In terms of earnings estimate revisions for Rambus, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $1.76.
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Rambus currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Zacks Rank Should Not Be Confused With ABR Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
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An ABR of 1.00 indicates Strong Buy. Brokerage Recommendation Trends for RMBS According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
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2ba4a8ff-1433-414f-87f3-04566a863387
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711393.0
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2023-12-15 00:00:00 UTC
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Brokers Suggest Investing in Meta Platforms (META): Read This Before Placing a Bet
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DCOMP
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https://www.nasdaq.com/articles/brokers-suggest-investing-in-meta-platforms-meta%3A-read-this-before-placing-a-bet-0
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nan
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nan
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Meta Platforms (META).
Meta Platforms currently has an average brokerage recommendation (ABR) of 1.18, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 39 brokerage firms. An ABR of 1.18 approximates between Strong Buy and Buy.
Of the 39 recommendations that derive the current ABR, 36 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 92.3% and 2.6% of all recommendations.
Brokerage Recommendation Trends for META
Check price target & stock forecast for Meta Platforms here>>>
While the ABR calls for buying Meta Platforms, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in META?
In terms of earnings estimate revisions for Meta Platforms, the Zacks Consensus Estimate for the current year has increased 0.4% over the past month to $14.32.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Meta Platforms. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Meta Platforms may serve as a useful guide for 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
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Meta Platforms may serve as a useful guide for investors.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. Meta Platforms currently has an average brokerage recommendation (ABR) of 1.18, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance.
|
Meta Platforms currently has an average brokerage recommendation (ABR) of 1.18, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Meta Platforms may serve as a useful guide for investors.
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Brokerage Recommendation Trends for META According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Meta Platforms may serve as a useful guide for investors.
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70880436-a4fd-43a9-a96c-0601d48edcd3
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711394.0
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2023-12-15 00:00:00 UTC
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New to Investing? This 1 Aerospace Stock Could Be the Perfect Starting Point
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DCOMP
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https://www.nasdaq.com/articles/new-to-investing-this-1-aerospace-stock-could-be-the-perfect-starting-point-1
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Huntington Ingalls (HII)
Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.
HII, a #3 (Hold) stock, was added to the Focus List on May 9, 2016 at $155.20 per share. Since then, shares have increased 63.37% to $253.55.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.29 to $14.59. HII boasts an average earnings surprise of 4.7%.
Additionally, HII's earnings are expected to grow 1% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Zacks 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
Huntington Ingalls Industries, Inc. (HII) : 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.
|
Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Click to get this free report Huntington Ingalls Industries, Inc. (HII) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
|
Focus List Methodology When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.29 to $14.59.
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ff0bbf70-c572-482d-a6ad-f88802660330
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711395.0
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2023-12-15 00:00:00 UTC
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Earnings Growth & Price Strength Make Bank of America (BAC) a Stock to Watch
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DCOMP
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https://www.nasdaq.com/articles/earnings-growth-price-strength-make-bank-of-america-bac-a-stock-to-watch-0
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Bank of America (BAC)
Headquartered in Charlotte, NC, Bank of America Corporation (incorporated in 1874) is one of the largest financial holding companies in the United States. With total assets worth $3.15 trillion as of Sep 30, 2023, it provides a diverse range of banking and non-banking financial services and products through 3,862 financial centers and 15,253 automated telling machines (ATMs) across the country.
Since being added to the Focus List on January 9, 2017 at $22.68 per share, shares of BAC have increased 48.15% to $33.60. The stock is currently a #3 (Hold) on the Zacks Rank.
10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $3.44. BAC boasts an average earnings surprise of 11.7%.
Moreover, analysts are expecting BAC's earnings to grow 7.8% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Zacks 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
Bank of America Corporation (BAC) : 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 at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio.
|
It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
|
It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
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39a44ac7-451f-408f-a1c9-f1b1123b23fd
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711396.0
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2023-12-15 00:00:00 UTC
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Wall Street Bulls Look Optimistic About Deere (DE): Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-deere-de%3A-should-you-buy-0
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nan
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nan
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Deere (DE).
Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 20 brokerage firms. An ABR of 1.80 approximates between Strong Buy and Buy.
Of the 20 recommendations that derive the current ABR, 12 are Strong Buy, representing 60% of all recommendations.
Brokerage Recommendation Trends for DE
Check price target & stock forecast for Deere here>>>
The ABR suggests buying Deere, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is DE Worth Investing In?
Looking at the earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has declined 13.1% over the past month to $28.48.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Deere. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Deere with a grain of salt.
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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for Deere with a grain of salt.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance.
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Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
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Deere currently has an average brokerage recommendation (ABR) of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Brokerage Recommendation Trends for DE Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
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82c187ca-5297-48e3-91f5-dea98dbf5d6b
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711397.0
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2023-12-15 00:00:00 UTC
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Why Ulta Beauty (ULTA) is a Top Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-ulta-beauty-ulta-is-a-top-stock-for-the-long-term-1
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Ulta Beauty (ULTA)
Bolingbrook, IL-based, Ulta Beauty Inc., previously known as Ulta Salon, Cosmetics & Fragrance, Inc., is a leading beauty retailer in the United States. Founded in 1990, the company changed its name to Ulta Beauty in January 2017.
On March 25, 2020, ULTA was added to the Focus List at $177.59 per share. Shares have increased 176.27% to $490.63 since then, and the company is a #3 (Hold) on the Zacks Rank.
11 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.13 to $25.51. ULTA boasts an average earnings surprise of 5.8%.
Additionally, ULTA's earnings are expected to grow 6.3% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Zacks 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
Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Click to get this free report Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
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1d51866b-ee9c-4e36-bf67-398d7281cb77
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711398.0
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2023-12-15 00:00:00 UTC
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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick-354
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Viper Energy Partners (VNOM)
Midland, TX-based Viper Energy Partners LP is a variable distribution MLP and is a subsidiary of Diamondback Energy — an independent oil & gas exploration and production company. The partnership has mineral interest in prolific oil-rich shale plays like the Eagle Ford and Permian Basin.
VNOM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. VNOM has a Growth Style Score of A, forecasting year-over-year earnings growth of 32.3% for the current fiscal year.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.61 to $2.54 per share. VNOM also boasts an average earnings surprise of 92.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, VNOM should be on investors' 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
Viper Energy Inc. (VNOM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Stock to Watch: Viper Energy Partners (VNOM) Midland, TX-based Viper Energy Partners LP is a variable distribution MLP and is a subsidiary of Diamondback Energy — an independent oil & gas exploration and production company. Click to get this free report Viper Energy Inc. (VNOM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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What are the Zacks Style Scores? That's where the Style Scores come in. VNOM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors.
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206ded37-bd11-4a83-a590-771bda93eb3a
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711399.0
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2023-12-15 00:00:00 UTC
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Ensign Group (ENSG) Sanctions 4% Quarterly Dividend Hike
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DCOMP
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https://www.nasdaq.com/articles/ensign-group-ensg-sanctions-4-quarterly-dividend-hike
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nan
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nan
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The Ensign Group, Inc.'s ENSG board of directors recently approved a 4.3% hike in its quarterly cash dividend, in a bid to boost shareholders' value. The increased dividend is 6 cents per share compared with the previous payout of 5.75 cents. It will be paid out on or before Jan 31, 2024, to shareholders of record as of Dec 31, 2023.
The present move sustains the solid record of the healthcare service provider's increasing dividends for straight 21 years. Based on the stock’s Dec 15, closing price of $111.48, its dividend yield is 0.21%, higher than the industry's average of 0.17%.
Apart from resorting to annual dividend hikes, Ensign Group has a $20-million share buyback program in place, which was authorized this August. However, it has not made any repurchases under this program, which will run for around a year from Sep 1, 2023, in the September quarter. Last year, management approved two buyback programs worth $20 million each, out of which one was fully utilized in the previous year. The second one was not put to use and hence, expired on Aug 2, 2023.
Acquisitions of healthcare facilities remain the top priority for management in allocating capital. In the first nine months of 2023, ENSG paid dividends of $9.6 million to its stockholders. With regular dividend payments, staying away from share repurchases temporarily may not be a concern for investors.
Robust cash flows prompt Ensign Group to pursue uninterrupted dividend hikes. It generated operating cash flows of $291.4 million in the first nine months of 2023, which climbed 31.1% from the year-ago quarter's level. An expanding cash balance also bears testament to ENSG’s financial strength. In addition to this, a revolving credit facility also serves the purpose of financing its buyouts.
Return on equity was 19.4% as of Sep 30, 2023, which compares favorably with the industry’s negative figure of 8.5%. This indicates that the healthcare services provider is performing well in terms of generating returns to its shareholders relative to the industry peers.
Attributable to a strong financial stand, Ensign Group's impressive inorganic growth strategy in the form of multiple buyouts pursued throughout the year expands its healthcare portfolio as well as bolsters its nationwide presence.
A highly fragmented skilled nursing industry with the presence of several local providers offers significant acquisition and consolidation opportunities to the industry participants. The current healthcare portfolio of ENSG comprises of 297 facilities spread across 13 U.S. states. It also owns 113 real-estate assets.
Shares of Ensign Group have risen 17.9% in the past six months compared with the industry’s 3.9% growth. ENSG currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the Medical space are DaVita Inc. DVA, Centene Corporation CNC and Enovis Corporation ENOV. While DaVita sports a Zacks Rank #1 (Strong Buy) at present, Centene and Enovis carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
DaVita’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 36.55%. The Zacks Consensus Estimate for DVA’s 2023 earnings implies an improvement of 22.3% from the year-ago reported figure. The consensus mark for revenues indicates growth of 3.3% year over year and the same for 2023 earnings has moved north 2.4% in the past 30 days.
Centene's bottom line outpaced estimates in two of the trailing four quarters and missed the mark in the other two, delivering an average surprise of 5.62%. The Zacks Consensus Estimate for CNC’s 2023 earnings indicates an improvement of 15.2% from the prior-year reported figure. The consensus mark for revenues indicates growth of 4.4% from the prior-year reported figure. The consensus estimate for 2023 earnings has moved north 0.3% in the past 30 days.
Enovis’ earnings outpaced estimates in each of the trailing four quarters, the average surprise being 11.01%. The Zacks Consensus Estimate for ENOV's 2023 earnings implies an improvement of 4.9% from the year-ago reported figure. The consensus mark for ENOV's 2023 earnings has moved north 5.3% in the past 60 days.
Shares of DaVita and Centene have risen 8.3% and 13%, respectively, in the past six months. However, Enovis' shares have lost 10.9% in the same time frame.
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
DaVita Inc. (DVA) : Free Stock Analysis Report
Centene Corporation (CNC) : Free Stock Analysis Report
The Ensign Group, Inc. (ENSG) : Free Stock Analysis Report
Enovis Corporation (ENOV) : 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 Ensign Group, Inc.'s ENSG board of directors recently approved a 4.3% hike in its quarterly cash dividend, in a bid to boost shareholders' value. Attributable to a strong financial stand, Ensign Group's impressive inorganic growth strategy in the form of multiple buyouts pursued throughout the year expands its healthcare portfolio as well as bolsters its nationwide presence. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Medical space are DaVita Inc. DVA, Centene Corporation CNC and Enovis Corporation ENOV. While DaVita sports a Zacks Rank #1 (Strong Buy) at present, Centene and Enovis carry a Zacks Rank #2 (Buy) each. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report The Ensign Group, Inc. (ENSG) : Free Stock Analysis Report Enovis Corporation (ENOV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Medical space are DaVita Inc. DVA, Centene Corporation CNC and Enovis Corporation ENOV. While DaVita sports a Zacks Rank #1 (Strong Buy) at present, Centene and Enovis carry a Zacks Rank #2 (Buy) each. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report The Ensign Group, Inc. (ENSG) : Free Stock Analysis Report Enovis Corporation (ENOV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This indicates that the healthcare services provider is performing well in terms of generating returns to its shareholders relative to the industry peers. Shares of Ensign Group have risen 17.9% in the past six months compared with the industry’s 3.9% growth. The consensus mark for revenues indicates growth of 3.3% year over year and the same for 2023 earnings has moved north 2.4% in the past 30 days.
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88dfe502-7dc4-41e0-8ad3-336f1faf32f4
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