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711600.0
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2023-12-15 00:00:00 UTC
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Best Income Stocks to Buy for December 18th
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DCOMP
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https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-december-18th
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Here are three stocks with buy rank and strong income characteristics for investors to consider today, December 18:
Ryerson Holding Corporation RYI: This industrial metal company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18% the last 60 days.
Ryerson Holding Corporation Price and Consensus
Ryerson Holding Corporation price-consensus-chart | Ryerson Holding Corporation Quote
This Zacks Rank #1 company has a dividend yield of 2.3%, compared with the industry average of 1.5%.
Ryerson Holding Corporation Dividend Yield (TTM)
Ryerson Holding Corporation dividend-yield-ttm | Ryerson Holding Corporation Quote
Siemens Aktiengesellschaft SIEGY: This technology company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% the last 60 days.
Siemens AG Price and Consensus
Siemens AG price-consensus-chart | Siemens AG Quote
This Zacks Rank #1 company has a dividend yield of 1.9%, compared with the industry average of 0.0%.
Siemens AG Dividend Yield (TTM)
Siemens AG dividend-yield-ttm | Siemens AG Quote
Grupo Aeroportuario del Sureste, S. A. B. de C. V. ASR: This airport concessionaire company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% the last 60 days.
Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus
Grupo Aeroportuario del Sureste, S.A. de C.V. price-consensus-chart | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote
This Zacks Rank #1 company has a dividend yield of 1.7%, compared with the industry average of 0.0%.
Grupo Aeroportuario del Sureste, S.A. de C.V. Dividend Yield (TTM)
Grupo Aeroportuario del Sureste, S.A. de C.V. dividend-yield-ttm | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
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
Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) : Free Stock Analysis Report
Siemens AG (SIEGY) : Free Stock Analysis Report
Ryerson Holding Corporation (RYI) : 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 income characteristics for investors to consider today, December 18: Ryerson Holding Corporation RYI: This industrial metal company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18% the last 60 days. B. de C. V. ASR: This airport concessionaire company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% 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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Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus Grupo Aeroportuario del Sureste, S.A. de C.V. price-consensus-chart | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote This Zacks Rank #1 company has a dividend yield of 1.7%, compared with the industry average of 0.0%. Grupo Aeroportuario del Sureste, S.A. de C.V. Dividend Yield (TTM) Grupo Aeroportuario del Sureste, S.A. de C.V. dividend-yield-ttm | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote See the full list of top ranked stocks here. Click to get this free report Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) : Free Stock Analysis Report Siemens AG (SIEGY) : Free Stock Analysis Report Ryerson Holding Corporation (RYI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Grupo Aeroportuario del Sureste, S.A. de C.V. Price and Consensus Grupo Aeroportuario del Sureste, S.A. de C.V. price-consensus-chart | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote This Zacks Rank #1 company has a dividend yield of 1.7%, compared with the industry average of 0.0%. Grupo Aeroportuario del Sureste, S.A. de C.V. Dividend Yield (TTM) Grupo Aeroportuario del Sureste, S.A. de C.V. dividend-yield-ttm | Grupo Aeroportuario del Sureste, S.A. de C.V. Quote See the full list of top ranked stocks here. Click to get this free report Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) : Free Stock Analysis Report Siemens AG (SIEGY) : Free Stock Analysis Report Ryerson Holding Corporation (RYI) : 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 income characteristics for investors to consider today, December 18: Ryerson Holding Corporation RYI: This industrial metal company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18% the last 60 days. Ryerson Holding Corporation Dividend Yield (TTM) Ryerson Holding Corporation dividend-yield-ttm | Ryerson Holding Corporation Quote Siemens Aktiengesellschaft SIEGY: This technology company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% the last 60 days. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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8bddecac-80ba-4a90-b858-716bff4b93a6
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711601.0
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2023-12-15 00:00:00 UTC
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IBM To Buy StreamSets, WebMethods Platforms From Software AG In EUR 2.13 Bln Cash Deal
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DCOMP
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https://www.nasdaq.com/articles/ibm-to-buy-streamsets-webmethods-platforms-from-software-ag-in-eur-2.13-bln-cash-deal
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nan
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nan
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(RTTNews) - Tech major International Business Machines Corp. (IBM) announced Monday that it has entered into a definitive agreement to buy StreamSets and webMethods from Software AG (STWRY.PK), a company majority owned by Silver Lake, for 2.13 billion euros in cash.
StreamSets and webMethods are Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms. StreamSets and webMethods serve more than 1,500 clients across the globe.
IBM said StreamSets and webMethods will be acquired with available cash on hand. The consummation of the deal is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second quarter of 2024.
IBM noted that StreamSets and webMethods are among the technology leaders in application integration, API management, and data integration. As per IDC, the worldwide integration software market will exceed $18 billion in 2027 at a compound annual growth rate of 16.1%.
The company noted that Software AG's Super iPaaS platform is growing, profitable and has a significant recurring revenue profile.
IBM said the acquisition is further evidence of its deep focus and investment in AI and hybrid cloud. StreamSets will add data ingestion capabilities to watsonx, IBM's AI and data platform. webMethods will give clients and partners additional integration and API management tools for their hybrid multi-cloud environments.
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 consummation of the deal is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second quarter of 2024. The company noted that Software AG's Super iPaaS platform is growing, profitable and has a significant recurring revenue profile. webMethods will give clients and partners additional integration and API management tools for their hybrid multi-cloud environments.
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StreamSets and webMethods are Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms. IBM noted that StreamSets and webMethods are among the technology leaders in application integration, API management, and data integration. The company noted that Software AG's Super iPaaS platform is growing, profitable and has a significant recurring revenue profile.
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(RTTNews) - Tech major International Business Machines Corp. (IBM) announced Monday that it has entered into a definitive agreement to buy StreamSets and webMethods from Software AG (STWRY.PK), a company majority owned by Silver Lake, for 2.13 billion euros in cash. StreamSets and webMethods are Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms. IBM noted that StreamSets and webMethods are among the technology leaders in application integration, API management, and data integration.
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StreamSets and webMethods are Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms. IBM noted that StreamSets and webMethods are among the technology leaders in application integration, API management, and data integration. StreamSets will add data ingestion capabilities to watsonx, IBM's AI and data platform.
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82adfcbf-ff53-4974-9e72-312fd7e7b9f5
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711602.0
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2023-12-15 00:00:00 UTC
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Strength Seen in ChoiceOne Financial Services, Inc. (COFS): Can Its 6.8% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-choiceone-financial-services-inc.-cofs%3A-can-its-6.8-jump-turn-into-more
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nan
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nan
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ChoiceOne Financial Services, Inc. (COFS) shares soared 6.8% in the last trading session to close at $31.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 20.8% gain over the past four weeks.
Shares of ChoiceOne Financial touched a 52-week high of $31.09. The Federal Reserve has signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated three interest rate cuts by 2024-end.
These favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This will support net interest income and margin growth. Hence, the COFS stock moved higher.
This company is expected to post quarterly earnings of $0.64 per share in its upcoming report, which represents a year-over-year change of -28.1%. Revenues are expected to be $20.1 million, down 4.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For ChoiceOne Financial Services, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on COFS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
ChoiceOne Financial Services, Inc. belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Moody's (MCO), closed the last trading session 0.7% lower at $389.06. Over the past month, MCO has returned 10.8%.
Moody's' consensus EPS estimate for the upcoming report has changed +0.3% over the past month to $2.33. Compared to the company's year-ago EPS, this represents a change of +45.6%. Moody's currently boasts a Zacks Rank of #3 (Hold).
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
ChoiceOne Financial Services, Inc. (COFS) : Free Stock Analysis Report
Moody's Corporation (MCO) : 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.
|
These favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This company is expected to post quarterly earnings of $0.64 per share in its upcoming report, which represents a year-over-year change of -28.1%. From 2012 (when our Director of Research, Sheraz Mian assumed 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ChoiceOne Financial Services, Inc. belongs to the Zacks Financial - Miscellaneous Services industry. Moody's' consensus EPS estimate for the upcoming report has changed +0.3% over the past month to $2.33. Click to get this free report ChoiceOne Financial Services, Inc. (COFS) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ChoiceOne Financial Services, Inc. belongs to the Zacks Financial - Miscellaneous Services industry. Click to get this free report ChoiceOne Financial Services, Inc. (COFS) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The central bank also indicated three interest rate cuts by 2024-end. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ChoiceOne Financial Services, Inc. belongs to the Zacks Financial - Miscellaneous Services industry. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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27a8b894-32ae-4a74-ab0b-24c03dfbe000
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711603.0
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2023-12-15 00:00:00 UTC
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1 Growth Stock to Buy and Hold in a Market Downturn
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DCOMP
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https://www.nasdaq.com/articles/1-growth-stock-to-buy-and-hold-in-a-market-downturn-12
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nan
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nan
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The market has sharply bounced back this year. After dropping more than 19% in 2022, the S&P 500 rose by about 23% this year.
But the equity market doesn't rise in a straight line. There will come a time when equity prices drop precipitously for a variety of reasons. When they do, it's good to have a top stock to buy. Etsy (NASDAQ: ETSY) heads my list.
What makes me like Etsy during an overall market downturn? It's time to uncover the company's strengths.
Image source: Getty Images.
Growing customers
Etsy, which operates an online marketplace connecting creative goods makers with buyers, exploded in popularity during the early days of the pandemic. With people stuck at home, they came to Etsy's website in droves.
They weren't just browsers, but actually bought goods. Revenue more than doubled in 2020 to $1.7 billion.
While 2020 was an unusual period, it does demonstrate the site's appeal during challenging times. And Etsy has grown the number of users on its sites. On the Etsy website, the number of active buyers grew by 4% in the third quarter, to 92 million.
Although gross merchandise sales were flat after taking into account foreign currency translations, management attributed that mostly to consumers facing challenges from higher prices. As inflation recedes, I expect that to improve.
Cash flow
For the first nine months of the year, Etsy grew revenue by 8.4%. The company recorded a $224.3 million profit versus an $803.8 million loss under U.S. generally accepted accounting principles (GAAP), although it's difficult to compare given last year's $1 billion asset impairment charge.
But a company's cash flow reveals telling details about a company. That's because this is the actual money flowing into and out of the company. On this basis, Etsy generated operating cash flow of $410.4 million this year, up 4.7% from a year ago. Free cash flow (FCF), which subtracts property and equipment spending from operating cash flow, was $402.7 million.
Etsy is able to produce strong FCF since the company doesn't have to invest heavily in things like inventory or storage facilities.
This impressive feat comes as management continues to spend on expanding the business. This includes marketing and product development that should help propel growth.
Creating a better valuation
Etsy's shareholders have had a rough go over the last year. During that time, the stock price has dropped by 36% while the S&P 500 has gained more than 21%.
That's likely due to high growth expectations that were set by 2020 and a challenged consumer that hurt spending. But Etsy's site remains an increasingly popular destination. The company's price-to-sales ratio has been cut by roughly half to 4 times. Should the overall market drop, that's likely to result in an even better valuation.
For long-term investors, a falling stock market represents a good opportunity to buy strong companies at a better price. While Etsy's customers may face challenges if there's an economic downturn, they'll undoubtedly still visit and purchase items from the site, albeit lower-priced ones.
With Etsy's brand recognition, proven ability to attract site traffic, and cash flow generation, investors should seriously consider purchasing the stock when the overall market declines.
Should you invest $1,000 in Etsy right now?
Before you buy stock in Etsy, 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 Etsy 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
Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Etsy. 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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Growing customers Etsy, which operates an online marketplace connecting creative goods makers with buyers, exploded in popularity during the early days of the pandemic. Although gross merchandise sales were flat after taking into account foreign currency translations, management attributed that mostly to consumers facing challenges from higher prices. With Etsy's brand recognition, proven ability to attract site traffic, and cash flow generation, investors should seriously consider purchasing the stock when the overall market declines.
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On this basis, Etsy generated operating cash flow of $410.4 million this year, up 4.7% from a year ago. Before you buy stock in Etsy, 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 Etsy wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Lawrence Rothman, CFA has no position in any of the stocks mentioned.
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On this basis, Etsy generated operating cash flow of $410.4 million this year, up 4.7% from a year ago. With Etsy's brand recognition, proven ability to attract site traffic, and cash flow generation, investors should seriously consider purchasing the stock when the overall market declines. Before you buy stock in Etsy, 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 Etsy wasn't one of them.
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Cash flow For the first nine months of the year, Etsy grew revenue by 8.4%. On this basis, Etsy generated operating cash flow of $410.4 million this year, up 4.7% from a year ago. Before you buy stock in Etsy, 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 Etsy wasn't one of them.
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6751821f-f4b1-4a00-a354-78f0d93c5cc4
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711604.0
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2023-12-15 00:00:00 UTC
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Australian shares fall after Fed official's comments temper rate cut hopes
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DCOMP
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https://www.nasdaq.com/articles/australian-shares-fall-after-fed-officials-comments-temper-rate-cut-hopes
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nan
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nan
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By Roshan Thomas
Dec 18 (Reuters) - Australian shares ended lower on Monday, led by real estate stocks, after the New York Federal Reserve president pushed back against expectations of imminent rate cut, although elevated mergers and acquisitions activities limited the decline.
The benchmark index S&P/ASX 200 .AXJO fell as much as 0.5% in early market trading hours but ended 0.2% lower at 7426.4 points.
New York Fed President John Williams on Friday said the central bank remained focused on bringing inflation down to its target of 2% and added it's "'premature' to discuss rate cuts at this point".
In Sydney, rate-sensitive real estate stocks .AXRE emerged as a major loser on the benchmark, falling 1.4%.
Property developers Mirvac Group MGR.AX, Dexus DXS.AX and Charter Hall Retail REIT CQR.AX ended between 2.9% and 1.3% lower.
Energy companies .AXEJ dropped 0.5%, tracking the broader mood despite rising oil prices.
Sector majors Woodside WDS.AX and Santos STO.AX ended down 0.3% and 1.6%, respectively.
"The broader market is under pressure today, but we're seeing rate-sensitive sectors such as real estate suffer the most following the pushback on rate cuts from some Fed officials at the end of last week," said Josh Gilbert, market analyst at eToro.
Among individual stocks, shares of Link Administration LNK.AXhad their best day ever after the share registry firm agreed to a $800 million takeover offer from Japan's Mitsubishi UFJ Financial 8306.T. Link's shares ended 27% higher.
Construction material maker Adbri ABC.AX and dental-centre operator Pacific Smiles PSQ.AXended 31.3% and 18% higher amid buy-out bids.
Bookmaker Tabcorp TAH.AX also recorded its biggest intraday percentage gain since listing after it secured an exclusive 20-year betting and wagering license in the state of Victoria. Shares ended 23.1% higher.
New Zealand benchmark S&P/NZX 50 index .NZ50 rose 0.13% to finish the session at 11,564.98 points.
(Reporting by Roshan Thomas in Bengaluru; Editing by Eileen Soreng)
((Roshan.Thomas@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Roshan Thomas Dec 18 (Reuters) - Australian shares ended lower on Monday, led by real estate stocks, after the New York Federal Reserve president pushed back against expectations of imminent rate cut, although elevated mergers and acquisitions activities limited the decline. New York Fed President John Williams on Friday said the central bank remained focused on bringing inflation down to its target of 2% and added it's "'premature' to discuss rate cuts at this point". Bookmaker Tabcorp TAH.AX also recorded its biggest intraday percentage gain since listing after it secured an exclusive 20-year betting and wagering license in the state of Victoria.
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By Roshan Thomas Dec 18 (Reuters) - Australian shares ended lower on Monday, led by real estate stocks, after the New York Federal Reserve president pushed back against expectations of imminent rate cut, although elevated mergers and acquisitions activities limited the decline. New York Fed President John Williams on Friday said the central bank remained focused on bringing inflation down to its target of 2% and added it's "'premature' to discuss rate cuts at this point". Link's shares ended 27% higher.
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By Roshan Thomas Dec 18 (Reuters) - Australian shares ended lower on Monday, led by real estate stocks, after the New York Federal Reserve president pushed back against expectations of imminent rate cut, although elevated mergers and acquisitions activities limited the decline. The benchmark index S&P/ASX 200 .AXJO fell as much as 0.5% in early market trading hours but ended 0.2% lower at 7426.4 points. "The broader market is under pressure today, but we're seeing rate-sensitive sectors such as real estate suffer the most following the pushback on rate cuts from some Fed officials at the end of last week," said Josh Gilbert, market analyst at eToro.
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The benchmark index S&P/ASX 200 .AXJO fell as much as 0.5% in early market trading hours but ended 0.2% lower at 7426.4 points. In Sydney, rate-sensitive real estate stocks .AXRE emerged as a major loser on the benchmark, falling 1.4%. Shares ended 23.1% higher.
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d34e7ead-9363-4a88-b1aa-7ca351b5511f
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711605.0
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2023-12-15 00:00:00 UTC
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Nvidia Stock (NASDAQ:NVDA) Is Up 235% YTD; What Lies Ahead in 2024?
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DCOMP
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https://www.nasdaq.com/articles/nvidia-stock-nasdaq%3Anvda-is-up-235-ytd-what-lies-ahead-in-2024
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nan
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nan
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Nvidia (NASDAQ:NVDA) stock has rallied quite a lot, gaining about 235% year-to-date. However, given the AI (Artificial Intelligence)-led opportunities and NVDA’s leadership in this space, the stock may continue to rise in 2024.
The company forecasts that its top line could triple in Q4 of the current fiscal year. Furthermore, this positive momentum is expected to be sustained into 2024, driven by robust demand across the Data Center segment.
Additionally, the company is making substantial expansions to its supply chain, signaling continued strength in demand for the upcoming quarters. Against this backdrop, let's explore what the analysts suggest for Nvidia stock.
NVDA Stock: Analysts Weigh In
The majority of analysts covering NVDA stock advocate purchasing it at current levels. On December 15, Bank of America Securities analyst Vivek Arya reaffirmed a Buy rating for Nvidia, designating it as his top semiconductor pick for 2024. Arya’s optimistic outlook is reflected in his $700 price target, suggesting a substantial upside potential of 43.18%.
While Nvidia stock has appreciated in value, Bernstein analyst Stacy Rasgon finds its valuation attractive. Rasgon suggests buying NVDA stock near current levels. The analyst added that Nvidia trades at a forward price-to-earnings multiple of 25, which is lower than Advanced Micro Devices’ (NASDAQ:AMD) forward earnings multiple of 41. Rasgon has a price target of $700 on Nvidia stock.
Meanwhile, DBS analyst Fang Boon Foo maintained a Buy rating on NVDA stock on December 7. The analyst said that NVDA, through its robust financial performance, has dispelled doubts about AI being merely hype. Instead, AI is now seen as the key driver of earnings for the company. Additionally, the analyst sees sustained global demand for AI chips and envisions Nvidia reaping incremental advantages from the growing adoption of generative AI across various industries.
Is Nvidia Stock Expected to Rise?
Analysts’ average price target suggests Nvidia stock is expected to rise. With 31 Buy and three Hold recommendations, Nvidia stock has a Strong Buy consensus rating. Moreover, analysts’ average price target of $661.35 implies 35.27% upside potential from current levels.
Bottom Line
Nvidia stock has generated significant returns for its investors so far in 2023. Further, analysts continue to show confidence in it and expect the stock to grow more over the next 12 months. The AI-led demand, supply-chain expansion, and NVDA’s focus on accelerating its product development position it well to deliver solid financials, supporting its share price in 2024.
Disclosure
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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Additionally, the company is making substantial expansions to its supply chain, signaling continued strength in demand for the upcoming quarters. On December 15, Bank of America Securities analyst Vivek Arya reaffirmed a Buy rating for Nvidia, designating it as his top semiconductor pick for 2024. The AI-led demand, supply-chain expansion, and NVDA’s focus on accelerating its product development position it well to deliver solid financials, supporting its share price in 2024.
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Rasgon suggests buying NVDA stock near current levels. Analysts’ average price target suggests Nvidia stock is expected to rise. Moreover, analysts’ average price target of $661.35 implies 35.27% upside potential from current levels.
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NVDA Stock: Analysts Weigh In The majority of analysts covering NVDA stock advocate purchasing it at current levels. Additionally, the analyst sees sustained global demand for AI chips and envisions Nvidia reaping incremental advantages from the growing adoption of generative AI across various industries. Analysts’ average price target suggests Nvidia stock is expected to rise.
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Furthermore, this positive momentum is expected to be sustained into 2024, driven by robust demand across the Data Center segment. Rasgon suggests buying NVDA stock near current levels. Analysts’ average price target suggests Nvidia stock is expected to rise.
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10ab61e7-c7e0-4eea-a1bb-8a63f01dbfa0
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711606.0
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2023-12-15 00:00:00 UTC
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Federal Agricultural Mortgage Corp. - Class C Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/federal-agricultural-mortgage-corp.-class-c-shares-near-52-week-high-market-mover-4
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nan
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nan
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Federal Agricultural Mortgage Corp. - Class C (AGM) shares closed today at 1.5% below its 52 week high of $183.78, giving the company a market cap of $1B. The stock is currently up 63.4% year-to-date, up 59.8% over the past 12 months, and up 278.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 111.0% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 265.5%
The company's stock price performance over the past 12 months beats the peer average by 193.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Federal Agricultural Mortgage Corp. - Class C (AGM) shares closed today at 1.5% below its 52 week high of $183.78, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 111.0% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 265.5% The company's stock price performance over the past 12 months beats the peer average by 193.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 265.5% The company's stock price performance over the past 12 months beats the peer average by 193.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 265.5% The company's stock price performance over the past 12 months beats the peer average by 193.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer.
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9370df6c-ea1d-4a3d-b962-83ab91bd0c46
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711607.0
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2023-12-15 00:00:00 UTC
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Infosys Ltd - ADR Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/infosys-ltd-adr-shares-approach-52-week-high-market-mover
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nan
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nan
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Infosys Ltd - ADR (INFY) shares closed today at 1.5% below its 52 week high of $19.08, giving the company a market cap of $77B. The stock is currently up 6.4% year-to-date, up 8.1% over the past 12 months, and up 120.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 35.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.6.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -79.6%
The company's stock price performance over the past 12 months lags the peer average by -74.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -0.1% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Infosys Ltd - ADR (INFY) shares closed today at 1.5% below its 52 week high of $19.08, giving the company a market cap of $77B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.6. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -79.6% The company's stock price performance over the past 12 months lags the peer average by -74.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -0.1% lower than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -79.6% The company's stock price performance over the past 12 months lags the peer average by -74.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -0.1% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -79.6% The company's stock price performance over the past 12 months lags the peer average by -74.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -0.1% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -79.6% The company's stock price performance over the past 12 months lags the peer average by -74.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -0.1% lower than the average peer.
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edaa51cb-3f97-4079-ae6d-87244e489f60
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711608.0
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2023-12-15 00:00:00 UTC
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The Quantum Edge: 3 Stocks on the Cutting Edge
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DCOMP
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https://www.nasdaq.com/articles/the-quantum-edge%3A-3-stocks-on-the-cutting-edge
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Much like artificial intelligence, quantum computing could be a game-changer. All of which could have a substantial impact on quantum computing stocks.
Its ability to perform tough calculations in just a few seconds could help improve and speed up drug development, for example. According to Forbes, “Scientists, such as those at Swiss pharmaceutical company, Roche hope that quantum simulations will speed up the development of drugs and vaccines to protect against the likes of Covid-19, influenza, cancer and even potentially find a cure for Alzheimer’s.”
It could bring deeper analytics to finance, helping to speed up trades and data speed. It could even help calculate ways for us to reach climate change goals.
Even better, analysts at Fortune Business Insights say the quantum computing market could be worth $6.5 billion by 2030 from just $928.8 million in 2023. That being said, investors may want to consider these top quantum computing stocks.
IonQ (IONQ)
Source: Amin Van / Shutterstock.com
The first time I mentioned IonQ (NYSE:IONQ), it traded at $4.56 in March. At the moment, it’s up to $14.80 and could push even higher. All thanks to the potential of quantum computing.
Helping, its IonQ Forte is now available on Amazon Braket, a fully managed quantum computing services from Amazon Web Services. Also, while the company’s second-quarter EPS of 22 cents missed expectations by seven cents, its revenues were up 121% yearly to $6.1 million. That beat expectations by $1.1 million. Plus, IONQ just raised its full-year revenue guidance to a new range of $21.2 million to $22 million from $18.9 million to $19.3 million.
Billionaires are jumping on board, too. James Simons of Renaissance Technologies bought over 1.2 million shares. And Millennium Management’s Israel Englander picked up more than 800,000 shares.
Quantum Computing (QUBT)
Source: Shutterstock
There’s also Quantum Computing (NASDAQ:QUBT). At just 86 cents, the $65 million company also could see higher highs, as investors wake up to the opportunity. Helping, the company has received several new contracts, including another one from NASA.
According to a company press release, QUBT will “build and test for NASA Ames an innovative photonic sensor instrument to provide accurate measurement of atmospheric particulates such as clouds, aerosols, smoke flume, volcanic ashes, etc., in order to identify physical properties including size, shape and chemical composition.”
Better, QUBT just kicked off its commercial delivery of its computing deliveries. In fact, QUBT just “secured multiple hardware sales of its state-of-the-art Reservoir Computer and Quantum Random Number Generator to Assured Cyber Protection Ltd and AI firm Millionways.”
Defiance Quantum ETF (QTUM)
Source: Shutterstock
Or, for solid diversification and low cost, look at the Defiance Quantum ETF (NYSEARCA:QTUM), which I mentioned on Nov. 30. At the time, it traded at $50.40. Today, it’s up to $53.60 and could push even higher on the game-changing potential of quantum computing.
With an expense ratio of 0.40%, the fund provides exposure to quantum computing, artificial intelligence, and machine learning, with holdings in Intel (NASDAQ:INTC), Nvidia (NASDAQ:NVDA), and Applied Materials (NASDAQ:AMAT) to name a few. From its current price of $50.40, I’d like to see QTUM closer to $60 a share.
On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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The post The Quantum Edge: 3 Stocks on the Cutting Edge appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Even better, analysts at Fortune Business Insights say the quantum computing market could be worth $6.5 billion by 2030 from just $928.8 million in 2023. According to a company press release, QUBT will “build and test for NASA Ames an innovative photonic sensor instrument to provide accurate measurement of atmospheric particulates such as clouds, aerosols, smoke flume, volcanic ashes, etc., in order to identify physical properties including size, shape and chemical composition.” Better, QUBT just kicked off its commercial delivery of its computing deliveries. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Much like artificial intelligence, quantum computing could be a game-changer. Quantum Computing (QUBT) Source: Shutterstock There’s also Quantum Computing (NASDAQ:QUBT). In fact, QUBT just “secured multiple hardware sales of its state-of-the-art Reservoir Computer and Quantum Random Number Generator to Assured Cyber Protection Ltd and AI firm Millionways.” Defiance Quantum ETF (QTUM) Source: Shutterstock Or, for solid diversification and low cost, look at the Defiance Quantum ETF (NYSEARCA:QTUM), which I mentioned on Nov. 30.
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Plus, IONQ just raised its full-year revenue guidance to a new range of $21.2 million to $22 million from $18.9 million to $19.3 million. Quantum Computing (QUBT) Source: Shutterstock There’s also Quantum Computing (NASDAQ:QUBT). In fact, QUBT just “secured multiple hardware sales of its state-of-the-art Reservoir Computer and Quantum Random Number Generator to Assured Cyber Protection Ltd and AI firm Millionways.” Defiance Quantum ETF (QTUM) Source: Shutterstock Or, for solid diversification and low cost, look at the Defiance Quantum ETF (NYSEARCA:QTUM), which I mentioned on Nov. 30.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Much like artificial intelligence, quantum computing could be a game-changer. Plus, IONQ just raised its full-year revenue guidance to a new range of $21.2 million to $22 million from $18.9 million to $19.3 million. Quantum Computing (QUBT) Source: Shutterstock There’s also Quantum Computing (NASDAQ:QUBT).
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68d004d5-b525-49d0-8322-6bebc2e46693
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711609.0
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2023-12-15 00:00:00 UTC
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Despite 40% Rise This Year Is Akamai Stock A Better Pick Than VeriSign?
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DCOMP
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https://www.nasdaq.com/articles/despite-40-rise-this-year-is-akamai-stock-a-better-pick-than-verisign
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nan
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nan
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Given its better prospects, we believe Akamai stock (NASDAQ: AKAM) is a better pick than its industry peer, Verisign stock (NASDAQ: VRSN). Investors have assigned a higher valuation multiple of 15x revenues for VeriSign compared to 4.7x revenues for Akamai due to VeriSign’s superior profitability and solid financial position, as discussed below. The decision to invest often comes down to finding the best stocks within the parameters of certain characteristics that suit an investment style. The size of profits can matter, as larger profits can imply greater market power. In the sections below, we discuss why we believe AKAM will offer better returns than VRSN in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Verisign vs. Akamai: Which Stock Is A Better Bet? Parts of the analysis are summarized below.
VRSN stock has seen little change, moving slightly from levels of $215 in early January 2021 to around $220 now, while AKAM stock has witnessed gains of 15% from levels of $105 to around $120 over the same period. This compares with an increase of about 25% for the S&P 500 over this roughly three-year period.
Overall, the performance of VRSN stock with respect to the index has been lackluster. Returns for the stock were 17% in 2021, -19% in 2022, and 7% in 2023 (YTD). Similarly, the increase in AKAM stock has been far from consistent, with returns of 11% in 2021, -28% in 2022, and 39% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 23% in 2023 (YTD) – indicating that VRSN underperformed the S&P in 2021 and 2023 and AKAM underperformed the S&P in 2021 and 2022.
In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Information Technology sector, including AAPL, MSFT, and NVDA, and even for the megacap stars GOOG, TSLA, and AMZN. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index, less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could VRSN and AKAM face a similar situation as they did in 2021 and underperform the S&P over the next 12 months – or will they see a strong jump? We believe that both stocks will see higher levels but AKAM will likely fare better than VRSN.
1. Akamai’s Revenue Growth Is Better
Akamai’s top-line expansion has fared slightly better, with its revenue rising at a 7.7% average annual rate in the last three years compared to 5.0% for VeriSign.
Verisign’s revenues rose from $1.2 billion in 2019 to $1.4 billion in 2022, driven by higher demand for domain names.
The company benefited from increased demand for domain names during the pandemic as more businesses expanded their presence online.
Price increases have also bolstered the company’s top-line growth, and this trend is expected to continue in the near term.
Akamai’s security and compute businesses has been the key growth driver in the recent past.
The company is also benefiting from its acquisition of Infrastructure as a Service (IaaS) provider Linode – in February 2022.
Looking at the last twelve-month period, VeriSign’s 6.5% top-line growth fares better than 2.5% for Akamai.
Our Verisign Revenue Comparison and Akamai Revenue Comparison dashboards provide more insight into the companies’ sales.
Looking forward, we forecast VeriSign’s sales to rise slightly from $1.5 billion in the last twelve months to $1.6 billion in the next three years. We expect Akamai’s sales growth to fare better with its top-line expanding from $3.7 billion to $4.3 billion over the same period.
2. Verisign Is More Profitable
Verisign’s operating margin decreased slightly from 69% in 2019 to 67% in 2022, while Akamai’s operating margin rose marginally from 19.0% to 19.1% over this period.
Looking at the last twelve-month period, Verisign’s operating margin of 68.8% fares far better than 16.9% for Akamai.
Our Verisign Operating Income Comparison and Akamai Operating Income Comparison dashboards have more details.
Looking at financial risk, Verisign fares much better. Its 8% debt as a percentage of equity is lower than 13% for Akamai, while its 56% cash as a percentage of assets is higher than 12% for the latter, implying that Verisign has a better debt position and more cash cushion.
3. The Net of It All
We see that Akamai has seen superior revenue growth, while VeriSign is far more profitable, and has a better financial position.
However, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe Akamai is the better choice of the two.
Akamai could see a meaningful upside if it executes well in the computing market – which is sizeable and lucrative. The company could have some advantages, given its large network of around 350,000 edge servers across 4,100 locations, which are located away from metropolitan centers, giving the company considerable geographic scale.
However, if we compare the current valuation multiples to the historical averages, VRSN fares better. VRSN is trading at 15x revenues vs. the last five-year average of 17x. In contrast, AKAM stock trades at 4.7x revenues vs. the last five-year average of 4.6x.
Our Verisign (VRSN) Valuation Ratios Comparison and Akamai (AKAM) Valuation Ratios Comparison dashboards have more details.
The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 14% for AKAM over this period vs. an 8% expected return for VRSN, based on Trefis Machine Learning analysis – Verisign vs. Akamai – which also provides more details on how we arrive at these numbers.
While AKAM may outperform VRSN in the next three years, it is helpful to see how Verisign’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Returns Dec 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
VRSN Return 4% 7% 189%
AKAM Return 2% 39% 76%
S&P 500 Return 3% 23% 110%
Trefis Reinforced Value Portfolio 4% 33% 584%
[1] Month-to-date and year-to-date as of 12/13/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Verisign vs. Akamai: Which Stock Is A Better Bet? In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Information Technology sector, including AAPL, MSFT, and NVDA, and even for the megacap stars GOOG, TSLA, and AMZN. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could VRSN and AKAM face a similar situation as they did in 2021 and underperform the S&P over the next 12 months – or will they see a strong jump?
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Investors have assigned a higher valuation multiple of 15x revenues for VeriSign compared to 4.7x revenues for Akamai due to VeriSign’s superior profitability and solid financial position, as discussed below. Our Verisign Operating Income Comparison and Akamai Operating Income Comparison dashboards have more details. Our Verisign (VRSN) Valuation Ratios Comparison and Akamai (AKAM) Valuation Ratios Comparison dashboards have more details.
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Akamai’s Revenue Growth Is Better Akamai’s top-line expansion has fared slightly better, with its revenue rising at a 7.7% average annual rate in the last three years compared to 5.0% for VeriSign. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 14% for AKAM over this period vs. an 8% expected return for VRSN, based on Trefis Machine Learning analysis – Verisign vs. Akamai – which also provides more details on how we arrive at these numbers. Total [2] VRSN Return 4% 7% 189% AKAM Return 2% 39% 76% S&P 500 Return 3% 23% 110% Trefis Reinforced Value Portfolio 4% 33% 584% [1] Month-to-date and year-to-date as of 12/13/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors have assigned a higher valuation multiple of 15x revenues for VeriSign compared to 4.7x revenues for Akamai due to VeriSign’s superior profitability and solid financial position, as discussed below. Similarly, the increase in AKAM stock has been far from consistent, with returns of 11% in 2021, -28% in 2022, and 39% in 2023 (YTD). Our Verisign Revenue Comparison and Akamai Revenue Comparison dashboards provide more insight into the companies’ sales.
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63e0f52c-c196-49cf-a501-2355ee3ef95c
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711610.0
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2023-12-15 00:00:00 UTC
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2 Artificial Intelligence Stocks To Watch This Week
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DCOMP
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https://www.nasdaq.com/articles/2-artificial-intelligence-stocks-to-watch-this-week
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nan
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nan
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The artificial intelligence (AI) sector is a rapidly growing area in the tech industry, focusing on creating intelligent machines that work and react like humans. AI technology includes machine learning, natural language processing, and robotics, impacting various industries like healthcare, finance, and automotive. Companies in this sector range from large tech giants to specialized startups, all contributing to the development and application of AI.
Investing in AI stocks presents several advantages. AI is at the forefront of technological innovation, offering significant growth potential as its applications expand. Investments in AI can lead to potential substantial returns as these technologies become integral to various business operations and consumer products. However, there are also disadvantages. The AI sector is highly competitive and fast-paced, making it challenging to predict which companies will succeed. Moreover, high research and development costs can impact profitability, especially for smaller companies.
Investors in AI stocks should be aware of the sector’s volatility. Rapid technological changes can quickly alter the competitive landscape. Additionally, ethical and regulatory considerations surrounding AI can affect market dynamics. If reading this has you interested in the AI sector, here are two AI stocks to watch in the stock market this week.
AI Stocks To Buy [Or Avoid] This Week
Snowflake Inc. (NYSE: SNOW)
Palantir Technologies Inc. (NYSE: PLTR)
Snowflake (SNOW Stock)
Leading off, Snowflake Inc. (SNOW) is a cloud-based data warehousing company that offers a unique, cloud-built data platform. Snowflake provides solutions for data storage, processing, and analytic solutions that are faster and more efficient than traditional offerings. Their platform supports a wide range of data workloads, including data engineering, data lakes, data applications, and data sharing.
Late last month, Snowflake reported its third quarter 2024 financial results. In detail, the company announced a loss of $0.08 per share, along with revenue of $734.17 million for Q3 2024. This was versus estimates for the quarter which were an EPS of $0.14, and revenue estimates of $712.78 million. Additionally, revenue increased by 31.80% compared to the same period, the previous year.
Year-to-date, shares of Snowflake stock have increased by 46.87% so far. Meanwhile, as of this past Friday’s closing bell, SNOW stock closed the day at $199.01 per share.
[Read More] Best Stocks To Buy In December 2023? 3 Mag 7 Stocks To Watch
Palantir Technologies (PLTR Stock)
Next, Palantir Technologies Inc. (PLTR) specializes in big data analytics. The company develops software that integrates, manages, and secures data from various sources. Palantir’s platforms are used by governments and commercial organizations for intelligence gathering, counterterrorism, and analyzing large datasets.
Just last week, Palantir Technologies announced an extension of its contract with the U.S. Army’s Program Executive Office for Enterprise Information Systems. This extension, valued at $115.04 million, continues Palantir’s role in enhancing the Army Vantage program. The program integrates various data sources to aid the U.S. Army in data-driven operations and decision-making. Under this contract, Palantir will keep providing its data and analytics platform, supporting the Army’s move towards an integrated data ecosystem. This move highlights Palantir’s ongoing contribution to the U.S. military’s strategic use of data.
Moving along, in 2023 so far, shares of PLTR stock have advanced by 184.82% YTD. Moreover, as of this past Friday’s closing bell, Palantir stock is trading at around $18.20 a share.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AI technology includes machine learning, natural language processing, and robotics, impacting various industries like healthcare, finance, and automotive. Companies in this sector range from large tech giants to specialized startups, all contributing to the development and application of AI. Just last week, Palantir Technologies announced an extension of its contract with the U.S. Army’s Program Executive Office for Enterprise Information Systems.
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AI Stocks To Buy [Or Avoid] This Week Snowflake Inc. (NYSE: SNOW) Palantir Technologies Inc. (NYSE: PLTR) Snowflake (SNOW Stock) Leading off, Snowflake Inc. (SNOW) is a cloud-based data warehousing company that offers a unique, cloud-built data platform. Their platform supports a wide range of data workloads, including data engineering, data lakes, data applications, and data sharing. 3 Mag 7 Stocks To Watch Palantir Technologies (PLTR Stock) Next, Palantir Technologies Inc. (PLTR) specializes in big data analytics.
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AI Stocks To Buy [Or Avoid] This Week Snowflake Inc. (NYSE: SNOW) Palantir Technologies Inc. (NYSE: PLTR) Snowflake (SNOW Stock) Leading off, Snowflake Inc. (SNOW) is a cloud-based data warehousing company that offers a unique, cloud-built data platform. Their platform supports a wide range of data workloads, including data engineering, data lakes, data applications, and data sharing. 3 Mag 7 Stocks To Watch Palantir Technologies (PLTR Stock) Next, Palantir Technologies Inc. (PLTR) specializes in big data analytics.
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If reading this has you interested in the AI sector, here are two AI stocks to watch in the stock market this week. AI Stocks To Buy [Or Avoid] This Week Snowflake Inc. (NYSE: SNOW) Palantir Technologies Inc. (NYSE: PLTR) Snowflake (SNOW Stock) Leading off, Snowflake Inc. (SNOW) is a cloud-based data warehousing company that offers a unique, cloud-built data platform. Under this contract, Palantir will keep providing its data and analytics platform, supporting the Army’s move towards an integrated data ecosystem.
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100f2c02-e377-4925-9413-dead6c2451d6
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711611.0
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2023-12-15 00:00:00 UTC
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Australian shares slip after six-session rally; Link Administration soars
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DCOMP
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https://www.nasdaq.com/articles/australian-shares-slip-after-six-session-rally-link-administration-soars
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nan
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nan
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Dec 18 (Reuters) - Australian shares slipped on Monday after the New York Federal Reserve president pushed back against rate-cut hopes, while Link Administration soared as Japan's Mitsubishi UFJ Financial Group said it would buy the Australian pension administration firm for A$1.2 billion ($802.7 million).
The S&P/ASX 200 index .AXJO fell 0.1% to 7,437.50 by 0015 GMT after a six-session winning streak. The benchmark rose 0.7% on Friday.
New York Fed President John Williams said on Friday the central bank remained focused on bringing inflation down to its 2% target and it's "premature' to talk about rate cuts at this point".
In Sydney, financials .AXFJ led the retreat, shedding 0.3% after a six-session rally. The "big four" banks slipped between 0.2% and 0.6%.
The heavyweight metals and mining index .AXMM fell 0.1% after three straight sessions of gains. The decline came after Dalian iron ore futures dropped on Friday on softening demand and expectation of a lack of forceful stimulus in 2024 from top consumer China. IRONORE/
Sector majors BHP Group BHP.AX and Rio Tinto RIO.AX were down 0.2% each.
Gold stocks .AXGD fell 0.8% after two consecutive sessions of gains, with Northern Star Resources NST.AX and Evolution Mining EVN.AX down 1.0% and 0.3%, respectively.
Bucking the trend, energy stocks .AXEJ gained 0.1%, with shares of sector major Woodside Energy WDS.AX rising 0.3%.
Among individual stocks, Link Administration LNK.AX soared as much as 28.8% and was set for its best day ever. Link's acquisition represents Mitsubishi UFJ Financial Group's 8306.T seventh buy in the fund administration industry in the decade.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2% to 11,532.62.
Consumer confidence in New Zealand jumped in the fourth quarter to its highest level in nearly two years, although it was still well below average, a survey showed.
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Subhranshu Sahu)
((Adwitiya.Srivastava@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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New York Fed President John Williams said on Friday the central bank remained focused on bringing inflation down to its 2% target and it's "premature' to talk about rate cuts at this point". The decline came after Dalian iron ore futures dropped on Friday on softening demand and expectation of a lack of forceful stimulus in 2024 from top consumer China. Link's acquisition represents Mitsubishi UFJ Financial Group's 8306.T seventh buy in the fund administration industry in the decade.
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Dec 18 (Reuters) - Australian shares slipped on Monday after the New York Federal Reserve president pushed back against rate-cut hopes, while Link Administration soared as Japan's Mitsubishi UFJ Financial Group said it would buy the Australian pension administration firm for A$1.2 billion ($802.7 million). Bucking the trend, energy stocks .AXEJ gained 0.1%, with shares of sector major Woodside Energy WDS.AX rising 0.3%. Among individual stocks, Link Administration LNK.AX soared as much as 28.8% and was set for its best day ever.
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Dec 18 (Reuters) - Australian shares slipped on Monday after the New York Federal Reserve president pushed back against rate-cut hopes, while Link Administration soared as Japan's Mitsubishi UFJ Financial Group said it would buy the Australian pension administration firm for A$1.2 billion ($802.7 million). New York Fed President John Williams said on Friday the central bank remained focused on bringing inflation down to its 2% target and it's "premature' to talk about rate cuts at this point". Gold stocks .AXGD fell 0.8% after two consecutive sessions of gains, with Northern Star Resources NST.AX and Evolution Mining EVN.AX down 1.0% and 0.3%, respectively.
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The S&P/ASX 200 index .AXJO fell 0.1% to 7,437.50 by 0015 GMT after a six-session winning streak. The heavyweight metals and mining index .AXMM fell 0.1% after three straight sessions of gains. New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2% to 11,532.62.
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9246f271-dc51-4aca-a67a-ec01185a4ed3
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711612.0
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2023-12-15 00:00:00 UTC
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History Says the Nasdaq Will Surge in 2024: 1 Stock-Split Stock to Buy Before It Does
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DCOMP
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https://www.nasdaq.com/articles/history-says-the-nasdaq-will-surge-in-2024%3A-1-stock-split-stock-to-buy-before-it-does
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nan
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nan
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There's no doubt that 2022 will go down in history as one of the toughest years on record for Wall Street, but markets appear to have turned the corner. After tumbling more than 35% in 2022, the Nasdaq Composite has rebounded with a vengeance, gaining 39% thus far in 2023 (as of market close on Tuesday).
Investors who are students of history will know the surge will likely continue. As far back as 1972 -- the first full year of trading for the Nasdaq -- in the year following a market rebound, the tech-heavy index has generated gains of 19% on average, which suggests the current rebound will likely continue.
Furthermore, the resurgence of stock splits in recent year has investors taking a fresh look at companies that have split their shares, as the move is usually preceded by years of robust growth. One such company is Amazon (NASDAQ: AMZN). The stock has gained 677% over the past decade, causing the company to split its shares in mid-2022.
Despite recent challenges, Amazon has a history of strong performance, and the coming year will likely be no different.
Image source: Getty Images.
Late to the AI race or decades early?
Demand for generative artificial intelligence (AI) has spread like wildfire over the past year or so, with many businesses scrambling to adopt these sophisticated algorithms to reap the expected productivity windfall. These AI models have been used to draft and summarize emails, search and condense content, mine data, generate original content, and even write computer code, all of which saves users time and makes them more productive.
There's been a lot of talk about how Amazon was late to recognize this shift and the accelerating demand for the technology, an uncharacteristic and costly miscalculation. It's further been suggested that this allowed competitors to get the jump on Amazon, but this belies decades of evidence to the contrary.
Amazon has implemented AI in a broad cross-section of its operations over the years. It uses AI to make product recommendations to customers, to predict inventory levels necessary at its warehouses and distribution centers, to help stock and ship products (with AI-powered robots), and even to set up the most efficient routes for deliveries.
Perhaps most central to the company's efforts is Amazon Web Services (AWS), which has long provided a host of AI offerings to its cloud computing customers.
Suggesting Amazon is late to the AI party defies logic, and recent developments suggest the company is putting its years of expertise in the field to good use.
Amazon's far-reaching strategy
Recently, AWS announced the general availability of Bedrock, a service that gives cloud customers access to all the top generative AI models, including those developed by AI21 Labs, Anthropic, Cohere, Meta Platforms, and Stability AI, among others.
Then, of course, there's Amazon's own Titan, which offers a family of AI models that have been trained by AWS, supporting a variety of use cases. For example, Titan Image Generator can create original images using voice prompts, much like OpenAI's DALL-E. These offerings provide cloud users with everything they need to develop their own AI applications, helping bring AI to the masses.
Just last month, Amazon revealed that it would provide access to Nvidia's latest state-of-the-art AI chips -- the H200 Tensor Core graphics processing units (GPUs). Amazon also announced its new, more energy-efficient Trainium2 and Graviton4 AI processors. This will give its cloud infrastructure customers access to a wide range of AI choices, from the top of the line to more cost-effective options. The company also debuted Amazon Q, a generative AI-powered assistant designed to help automate and streamline mundane and time-consuming tasks for enterprises.
Its cloud unit aside, Amazon is providing generative AI tools to merchants on its e-commerce platform to help create accurate product listings while also debuting AI-powered image generation for customers advertising on its e-commerce platform. Amazon is also deploying generative AI to improve customer purchase recommendations and the search process. Finally, Amazon has taken a page from Microsoft's own AI playbook, taking a $4 billion minority stake in AI start-up Anthropic -- a rival to OpenAI -- to further expand its AI chops.
The evidence shows that Amazon is using the next generation of AI to maintain or even improve the competitive advantages in its industry-leading businesses.
All that potential at a bargain
Despite the stock's significant gains this year, Amazon offers a great deal of opportunity for a surprisingly reasonable valuation. The stock is currently selling for roughly 2.4 times forward sales, a significant discount to its seven-year average of 3.5 times sales.
This gives savvy investors the opportunity to buy all the potential Amazon has to offer at a discount.
Should you invest $1,000 in Amazon right now?
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Danny Vena has positions in Amazon, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Amazon, Meta Platforms, and Nvidia. 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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Demand for generative artificial intelligence (AI) has spread like wildfire over the past year or so, with many businesses scrambling to adopt these sophisticated algorithms to reap the expected productivity windfall. Perhaps most central to the company's efforts is Amazon Web Services (AWS), which has long provided a host of AI offerings to its cloud computing customers. Just last month, Amazon revealed that it would provide access to Nvidia's latest state-of-the-art AI chips -- the H200 Tensor Core graphics processing units (GPUs).
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Amazon's far-reaching strategy Recently, AWS announced the general availability of Bedrock, a service that gives cloud customers access to all the top generative AI models, including those developed by AI21 Labs, Anthropic, Cohere, Meta Platforms, and Stability AI, among others. Its cloud unit aside, Amazon is providing generative AI tools to merchants on its e-commerce platform to help create accurate product listings while also debuting AI-powered image generation for customers advertising on its e-commerce platform. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
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Amazon's far-reaching strategy Recently, AWS announced the general availability of Bedrock, a service that gives cloud customers access to all the top generative AI models, including those developed by AI21 Labs, Anthropic, Cohere, Meta Platforms, and Stability AI, among others. Its cloud unit aside, Amazon is providing generative AI tools to merchants on its e-commerce platform to help create accurate product listings while also debuting AI-powered image generation for customers advertising on its e-commerce platform. Before you buy stock in Amazon, 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 Amazon wasn't one of them.
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Amazon's far-reaching strategy Recently, AWS announced the general availability of Bedrock, a service that gives cloud customers access to all the top generative AI models, including those developed by AI21 Labs, Anthropic, Cohere, Meta Platforms, and Stability AI, among others. Its cloud unit aside, Amazon is providing generative AI tools to merchants on its e-commerce platform to help create accurate product listings while also debuting AI-powered image generation for customers advertising on its e-commerce platform. Amazon is also deploying generative AI to improve customer purchase recommendations and the search process.
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6f0ca738-3f2b-45ce-a7d7-d7327cb9cf1b
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711613.0
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2023-12-15 00:00:00 UTC
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Integer Holdings Corp Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/integer-holdings-corp-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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Integer Holdings Corp (ITGR) shares closed today at 0.9% below its 52 week high of $98.34, giving the company a market cap of $3B. The stock is currently up 42.5% year-to-date, up 55.4% over the past 12 months, and up 21.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 349.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -322.1%
The company's stock price performance over the past 12 months beats the peer average by -391.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -8582.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Integer Holdings Corp (ITGR) shares closed today at 0.9% below its 52 week high of $98.34, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -322.1% The company's stock price performance over the past 12 months beats the peer average by -391.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -8582.5% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 349.8% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -322.1% The company's stock price performance over the past 12 months beats the peer average by -391.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -8582.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -322.1% The company's stock price performance over the past 12 months beats the peer average by -391.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -8582.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -322.1% The company's stock price performance over the past 12 months beats the peer average by -391.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -8582.5% higher than the average peer.
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805fa40e-9e2a-49b3-9af0-80f5d6ac0698
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711614.0
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2023-12-15 00:00:00 UTC
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APi Group Corporation Shares Climb 0.6% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/api-group-corporation-shares-climb-0.6-past-previous-52-week-high-market-mover
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nan
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nan
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APi Group Corporation (APG) shares closed 0.6% higher than its previous 52 week high, giving the company a market cap of $7B. The stock is currently up 77.1% year-to-date, up 78.9% over the past 12 months, and up 220.4% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 146.7% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -21.4%
The company's stock price performance over the past 12 months lags the peer average by -12.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 493.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APi Group Corporation (APG) shares closed 0.6% higher than its previous 52 week high, giving the company a market cap of $7B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -21.4% The company's stock price performance over the past 12 months lags the peer average by -12.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 493.5% higher than the average peer.
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APi Group Corporation (APG) shares closed 0.6% higher than its previous 52 week high, giving the company a market cap of $7B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -21.4% The company's stock price performance over the past 12 months lags the peer average by -12.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 493.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -21.4% The company's stock price performance over the past 12 months lags the peer average by -12.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 493.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -21.4% The company's stock price performance over the past 12 months lags the peer average by -12.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 493.5% higher than the average peer.
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308fb0a6-98fe-4db4-b408-13309407dc21
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711615.0
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2023-12-15 00:00:00 UTC
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Kyndryl Holdings Inc Shares Climb 1.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/kyndryl-holdings-inc-shares-climb-1.7-past-previous-52-week-high-market-mover
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nan
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nan
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Kyndryl Holdings Inc (KD) shares closed 1.7% higher than its previous 52 week high, giving the company a market cap of $4B. The stock is currently up 65.2% year-to-date, up 70.1% over the past 12 months, and down 54.9% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 90.1% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -1461.8%
The company's stock price performance over the past 12 months beats the peer average by -3802.7%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Kyndryl Holdings Inc (KD) shares closed 1.7% higher than its previous 52 week high, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -1461.8% The company's stock price performance over the past 12 months beats the peer average by -3802.7%
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Kyndryl Holdings Inc (KD) shares closed 1.7% higher than its previous 52 week high, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -1461.8% The company's stock price performance over the past 12 months beats the peer average by -3802.7%
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -1461.8% The company's stock price performance over the past 12 months beats the peer average by -3802.7% This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Trading Activity Trading volume this week was 90.1% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -1461.8% The company's stock price performance over the past 12 months beats the peer average by -3802.7%
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f9525fc0-b439-4b06-ac3e-e9c8eb41168d
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711616.0
|
2023-12-15 00:00:00 UTC
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Synchrony Financial Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/synchrony-financial-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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Synchrony Financial (SYF) shares closed today at 1.6% below its 52 week high of $38.17, giving the company a market cap of $15B. The stock is currently up 16.4% year-to-date, up 15.2% over the past 12 months, and up 81.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 75.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 5.0%
The company's stock price performance over the past 12 months lags the peer average by -6.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Synchrony Financial (SYF) shares closed today at 1.6% below its 52 week high of $38.17, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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Synchrony Financial (SYF) shares closed today at 1.6% below its 52 week high of $38.17, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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fa81aee7-d729-4482-a014-30c46ee26663
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711617.0
|
2023-12-15 00:00:00 UTC
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Dream Finders Homes Inc - Class A Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/dream-finders-homes-inc-class-a-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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Dream Finders Homes Inc - Class A (DFH) shares closed today at 0.8% below its 52 week high of $31.91, giving the company a market cap of $1B. The stock is currently up 263.3% year-to-date, up 235.8% over the past 12 months, and up 50.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 64.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dream Finders Homes Inc - Class A (DFH) shares closed today at 0.8% below its 52 week high of $31.91, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.7. The stock closed below its Bollinger band, indicating it may be oversold.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance
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Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance This story was produced by the Kwhen Automated News Generator.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance
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4befab74-68f7-408b-a7e3-d592ed97580a
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711618.0
|
2023-12-15 00:00:00 UTC
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Ameriprise Financial Inc Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/ameriprise-financial-inc-shares-approach-52-week-high-market-mover-0
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nan
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nan
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Ameriprise Financial Inc (AMP) shares closed today at 1.1% below its 52 week high of $380.29, giving the company a market cap of $38B. The stock is currently up 23.3% year-to-date, up 23.0% over the past 12 months, and up 285.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 111.1% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 861.1%
The company's stock price performance over the past 12 months beats the peer average by 735.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ameriprise Financial Inc (AMP) shares closed today at 1.1% below its 52 week high of $380.29, giving the company a market cap of $38B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 861.1% The company's stock price performance over the past 12 months beats the peer average by 735.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.5% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 111.1% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 861.1% The company's stock price performance over the past 12 months beats the peer average by 735.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 861.1% The company's stock price performance over the past 12 months beats the peer average by 735.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 861.1% The company's stock price performance over the past 12 months beats the peer average by 735.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.5% higher than the average peer.
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6cc2ff97-872a-4167-9fda-b18a302b1002
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711619.0
|
2023-12-15 00:00:00 UTC
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Hartford Financial Services Group Inc. Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/hartford-financial-services-group-inc.-shares-near-52-week-high-market-mover-0
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nan
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nan
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Hartford Financial Services Group Inc. (HIG) shares closed today at 0.4% below its 52 week high of $80.75, giving the company a market cap of $24B. The stock is currently up 7.8% year-to-date, up 10.2% over the past 12 months, and up 115.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 182.1% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -62.6%
The company's stock price performance over the past 12 months lags the peer average by -64.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -17.4% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hartford Financial Services Group Inc. (HIG) shares closed today at 0.4% below its 52 week high of $80.75, giving the company a market cap of $24B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -62.6% The company's stock price performance over the past 12 months lags the peer average by -64.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -17.4% lower than the average peer.
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Hartford Financial Services Group Inc. (HIG) shares closed today at 0.4% below its 52 week high of $80.75, giving the company a market cap of $24B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -62.6% The company's stock price performance over the past 12 months lags the peer average by -64.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -17.4% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -62.6% The company's stock price performance over the past 12 months lags the peer average by -64.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -17.4% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -62.6% The company's stock price performance over the past 12 months lags the peer average by -64.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -17.4% lower than the average peer.
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7e890e33-7fda-4e27-8bc9-df951e464813
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711620.0
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2023-12-15 00:00:00 UTC
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Kinder Morgan Inc - Class P Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/kinder-morgan-inc-class-p-shares-near-52-week-high-market-mover-3
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nan
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nan
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Kinder Morgan Inc - Class P (KMI) shares closed today at 1.8% below its 52 week high of $17.90, giving the company a market cap of $38B. The stock is currently up 3.2% year-to-date, up 5.5% over the past 12 months, and up 50.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 121.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -150.1%
The company's stock price performance over the past 12 months beats the peer average by -211.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 22.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Kinder Morgan Inc - Class P (KMI) shares closed today at 1.8% below its 52 week high of $17.90, giving the company a market cap of $38B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -150.1% The company's stock price performance over the past 12 months beats the peer average by -211.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 22.9% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 121.6% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -150.1% The company's stock price performance over the past 12 months beats the peer average by -211.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 22.9% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -150.1% The company's stock price performance over the past 12 months beats the peer average by -211.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 22.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -150.1% The company's stock price performance over the past 12 months beats the peer average by -211.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 22.9% higher than the average peer.
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9d445cb4-37cb-4f7a-9fcc-1e22d27b08bb
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711621.0
|
2023-12-15 00:00:00 UTC
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Abercrombie & Fitch Co. - Class A Shares Climb 0.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/abercrombie-fitch-co.-class-a-shares-climb-0.7-past-previous-52-week-high-market-mover
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nan
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nan
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Abercrombie & Fitch Co. - Class A (ANF) shares closed 0.7% higher than its previous 52 week high, giving the company a market cap of $4B. The stock is currently up 267.4% year-to-date, up 286.5% over the past 12 months, and up 382.9% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 66.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 523.5%
The company's stock price performance over the past 12 months beats the peer average by 577.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -39.9% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Abercrombie & Fitch Co. - Class A (ANF) shares closed 0.7% higher than its previous 52 week high, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 523.5% The company's stock price performance over the past 12 months beats the peer average by 577.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -39.9% lower than the average peer.
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Abercrombie & Fitch Co. - Class A (ANF) shares closed 0.7% higher than its previous 52 week high, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 523.5% The company's stock price performance over the past 12 months beats the peer average by 577.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -39.9% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 523.5% The company's stock price performance over the past 12 months beats the peer average by 577.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -39.9% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Trading Activity Trading volume this week was 66.8% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 523.5% The company's stock price performance over the past 12 months beats the peer average by 577.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -39.9% lower than the average peer.
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72538fe4-ca25-4f8a-813a-51bf40c461d5
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711622.0
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2023-12-15 00:00:00 UTC
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Transportadora de Gas del Sur - ADR Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/transportadora-de-gas-del-sur-adr-shares-near-52-week-high-market-mover
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nan
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nan
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Transportadora de Gas del Sur - ADR (TGS) shares closed today at 1.2% below its 52 week high of $15.49, giving the company a market cap of $1B. The stock is currently up 31.3% year-to-date, up 69.5% over the past 12 months, and up 3.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 10.7% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 319.0%
The company's stock price performance over the past 12 months beats the peer average by 514.2%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Transportadora de Gas del Sur - ADR (TGS) shares closed today at 1.2% below its 52 week high of $15.49, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 319.0% The company's stock price performance over the past 12 months beats the peer average by 514.2%
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 319.0% The company's stock price performance over the past 12 months beats the peer average by 514.2%
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Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 319.0% The company's stock price performance over the past 12 months beats the peer average by 514.2% This story was produced by the Kwhen Automated News Generator.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 319.0% The company's stock price performance over the past 12 months beats the peer average by 514.2%
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2eb49848-d729-4adb-94e8-d1e26b3bc3af
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711623.0
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2023-12-15 00:00:00 UTC
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Quanta Services, Inc. Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/quanta-services-inc.-shares-near-52-week-high-market-mover-6
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nan
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nan
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Quanta Services, Inc. (PWR) shares closed today at 1.0% below its 52 week high of $217.25, giving the company a market cap of $31B. The stock is currently up 51.1% year-to-date, up 50.4% over the past 12 months, and up 644.0% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 57.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 13.0%
The company's stock price performance over the past 12 months lags the peer average by -13.4%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 751.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Quanta Services, Inc. (PWR) shares closed today at 1.0% below its 52 week high of $217.25, giving the company a market cap of $31B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 13.0% The company's stock price performance over the past 12 months lags the peer average by -13.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 751.3% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 57.4% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 13.0% The company's stock price performance over the past 12 months lags the peer average by -13.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 751.3% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 13.0% The company's stock price performance over the past 12 months lags the peer average by -13.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 751.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 13.0% The company's stock price performance over the past 12 months lags the peer average by -13.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 751.3% higher than the average peer.
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bd3bd2d6-6841-4347-aeed-7788cb777a57
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711624.0
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2023-12-15 00:00:00 UTC
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PGT Innovations Inc Shares Climb 7.0% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/pgt-innovations-inc-shares-climb-7.0-past-previous-52-week-high-market-mover
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nan
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nan
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PGT Innovations Inc (PGTI) shares closed 7.0% higher than its previous 52 week high, giving the company a market cap of $2B. The stock is currently up 100.9% year-to-date, up 88.2% over the past 12 months, and up 123.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 123.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 124.8%
The company's stock price performance over the past 12 months beats the peer average by 95.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -2.3% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PGT Innovations Inc (PGTI) shares closed 7.0% higher than its previous 52 week high, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 124.8% The company's stock price performance over the past 12 months beats the peer average by 95.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -2.3% lower than the average peer.
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PGT Innovations Inc (PGTI) shares closed 7.0% higher than its previous 52 week high, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 124.8% The company's stock price performance over the past 12 months beats the peer average by 95.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -2.3% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 124.8% The company's stock price performance over the past 12 months beats the peer average by 95.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -2.3% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Trading Activity Trading volume this week was 123.5% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 124.8% The company's stock price performance over the past 12 months beats the peer average by 95.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -2.3% lower than the average peer.
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c39b1698-3898-47d9-aa39-9ba4fa800c30
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711625.0
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2023-12-15 00:00:00 UTC
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Otis Worldwide Corp Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/otis-worldwide-corp-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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Otis Worldwide Corp (OTIS) shares closed today at 1.7% below its 52 week high of $91.03, giving the company a market cap of $36B. The stock is currently up 17.0% year-to-date, up 16.5% over the past 12 months, and up 99.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 156.1% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 200.0%
The company's stock price performance over the past 12 months beats the peer average by 200.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 200.0% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 200.0% The company's stock price performance over the past 12 months beats the peer average by 200.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 200.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Otis Worldwide Corp (OTIS) shares closed today at 1.7% below its 52 week high of $91.03, giving the company a market cap of $36B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 200.0% The company's stock price performance over the past 12 months beats the peer average by 200.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 200.0% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 200.0% The company's stock price performance over the past 12 months beats the peer average by 200.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 200.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 200.0% The company's stock price performance over the past 12 months beats the peer average by 200.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 200.0% higher than the average peer.
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2f1deb93-e9c5-4320-8468-156d41b8aa49
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711626.0
|
2023-12-15 00:00:00 UTC
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Euronav NV Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/euronav-nv-shares-approach-52-week-high-market-mover-0
|
nan
|
nan
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Euronav NV (EURN) shares closed today at 0.2% below its 52 week high of $17.62, giving the company a market cap of $3B. The stock is currently up 17.4% year-to-date, up 9.3% over the past 12 months, and up 217.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 5.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Euronav NV (EURN) shares closed today at 0.2% below its 52 week high of $17.62, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.3. The stock closed below its Bollinger band, indicating it may be oversold.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance
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Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance This story was produced by the Kwhen Automated News Generator.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance
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d4409b94-1176-4409-b05f-883bf9dc11ca
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711627.0
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2023-12-15 00:00:00 UTC
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Brady Corp. - Class A Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/brady-corp.-class-a-shares-close-in-on-52-week-high-market-mover-1
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nan
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nan
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Brady Corp. - Class A (BRC) shares closed today at 1.9% below its 52 week high of $59.06, giving the company a market cap of $2B. The stock is currently up 26.4% year-to-date, up 30.1% over the past 12 months, and up 55.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 426.1% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 42.4%
The company's stock price performance over the past 12 months beats the peer average by 51.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -35.1% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brady Corp. - Class A (BRC) shares closed today at 1.9% below its 52 week high of $59.06, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 42.4% The company's stock price performance over the past 12 months beats the peer average by 51.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -35.1% lower than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 42.4% The company's stock price performance over the past 12 months beats the peer average by 51.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -35.1% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 42.4% The company's stock price performance over the past 12 months beats the peer average by 51.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -35.1% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 42.4% The company's stock price performance over the past 12 months beats the peer average by 51.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -35.1% lower than the average peer.
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0e0454c7-8a65-42ec-98e4-30ed227f30b7
|
711628.0
|
2023-12-15 00:00:00 UTC
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General Dynamics Corp. Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/general-dynamics-corp.-shares-close-in-on-52-week-high-market-mover-2
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nan
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nan
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General Dynamics Corp. (GD) shares closed today at 1.3% below its 52 week high of $256.32, giving the company a market cap of $68B. The stock is currently up 4.2% year-to-date, up 5.0% over the past 12 months, and up 74.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 138.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -76.6%
The company's stock price performance over the past 12 months lags the peer average by -78.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -223.2% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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General Dynamics Corp. (GD) shares closed today at 1.3% below its 52 week high of $256.32, giving the company a market cap of $68B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 138.8% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.6% The company's stock price performance over the past 12 months lags the peer average by -78.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -223.2% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.6% The company's stock price performance over the past 12 months lags the peer average by -78.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -223.2% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -76.6% The company's stock price performance over the past 12 months lags the peer average by -78.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -223.2% higher than the average peer.
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83264edd-57fa-42b4-ae74-c20f2c8f4ca7
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711629.0
|
2023-12-15 00:00:00 UTC
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Three Australian buyouts worth $2.35 billion emerge in end-of-year deal rush
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DCOMP
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https://www.nasdaq.com/articles/three-australian-buyouts-worth-%242.35-billion-emerge-in-end-of-year-deal-rush
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nan
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nan
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By Scott Murdoch
SYDNEY, Dec 18 (Reuters) - Australian building products group Adbri Ltd ABC.AX and pension firm Link Group LNK.AX were among three takeover targets facing bids worth A$3.5 billion ($2.34 billion) made on Monday in a year-end rush of deals involving listed companies.
The spree comes as Australia's stock market experiences a late surge, with the main S&P/ASX200 Index .AXJO having gained 5.6% so far this quarter as investors predict interest rates have peaked.
Total corporate buyout activity in Australia fell 23% in 2023 to be worth $99.48 billion, according to LSEG data.
However, inbound mergers and acquisition (M&A) activity from overseas buyers jumped 58% to $40.9 billion, thanks largely to Newmont Corp NEM.N buying gold miner Newcrest for $19.7 billion.
Adbri shares jumped 31% after it said it was in exclusive talks with international building materials group CRH CRH.N and major shareholder Barro Group for a A$2.1 billion takeover offer.
The two firms have offered A$3.20 per share for Adbri which is a 41% premium to the company's closing price on Friday.
Barro, a family-owned private Australian group, owns 43% of Adbri, and CRH, which is London and U.S. listed, has a 4.6% interest in the takeover target through a cash-settled derivative, they said in a statement.
Adbri's independent board committee has recommended the takeover and the two buyers will now undertake exclusive due diligence ahead of lodging a binding bid.
Link shares jumped 27.65% Monday after it said it had received a A$1.2 billion bid from Mitsubishi UFJ Financial Group8306.T, Japan's largest banking group.
Mitsubishi said it held a 6.4% stake in Link and the takeover target's board recommended the bid in the absence of a superior offer emerging for the company.
Meanwhile, dental group Pacific Smiles PSQ.AX said a A$223 million unsolicited bid from private equity firm Genesis Capital was "opportunistically timed". It said its board would consider the offer before making a recommendation to shareholders.
Pacific Smiles shares rose nearly 16% on the takeover offer.
($1 = 1.4928 Australian dollars)
(Reporting by Scott Murdoch; Editing by Sonali Paul)
((Scott.Murdoch@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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The spree comes as Australia's stock market experiences a late surge, with the main S&P/ASX200 Index .AXJO having gained 5.6% so far this quarter as investors predict interest rates have peaked. Barro, a family-owned private Australian group, owns 43% of Adbri, and CRH, which is London and U.S. listed, has a 4.6% interest in the takeover target through a cash-settled derivative, they said in a statement. Adbri's independent board committee has recommended the takeover and the two buyers will now undertake exclusive due diligence ahead of lodging a binding bid.
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By Scott Murdoch SYDNEY, Dec 18 (Reuters) - Australian building products group Adbri Ltd ABC.AX and pension firm Link Group LNK.AX were among three takeover targets facing bids worth A$3.5 billion ($2.34 billion) made on Monday in a year-end rush of deals involving listed companies. Adbri shares jumped 31% after it said it was in exclusive talks with international building materials group CRH CRH.N and major shareholder Barro Group for a A$2.1 billion takeover offer. Link shares jumped 27.65% Monday after it said it had received a A$1.2 billion bid from Mitsubishi UFJ Financial Group8306.T, Japan's largest banking group.
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By Scott Murdoch SYDNEY, Dec 18 (Reuters) - Australian building products group Adbri Ltd ABC.AX and pension firm Link Group LNK.AX were among three takeover targets facing bids worth A$3.5 billion ($2.34 billion) made on Monday in a year-end rush of deals involving listed companies. Adbri shares jumped 31% after it said it was in exclusive talks with international building materials group CRH CRH.N and major shareholder Barro Group for a A$2.1 billion takeover offer. Mitsubishi said it held a 6.4% stake in Link and the takeover target's board recommended the bid in the absence of a superior offer emerging for the company.
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By Scott Murdoch SYDNEY, Dec 18 (Reuters) - Australian building products group Adbri Ltd ABC.AX and pension firm Link Group LNK.AX were among three takeover targets facing bids worth A$3.5 billion ($2.34 billion) made on Monday in a year-end rush of deals involving listed companies. Adbri shares jumped 31% after it said it was in exclusive talks with international building materials group CRH CRH.N and major shareholder Barro Group for a A$2.1 billion takeover offer. Pacific Smiles shares rose nearly 16% on the takeover offer.
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edc91bf9-80a9-44dd-a719-81abfd7e5bfb
|
711630.0
|
2023-12-15 00:00:00 UTC
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Deckers Outdoor Corp. Shares Close in on 52-Week High - Market Mover
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DCOMP
|
https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-close-in-on-52-week-high-market-mover-10
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed today at 2.0% below its 52 week high of $720.97, giving the company a market cap of $18B. The stock is currently up 76.1% year-to-date, up 90.2% over the past 12 months, and up 493.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 85.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 566.4%
The company's stock price performance over the past 12 months beats the peer average by 401.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deckers Outdoor Corp. (DECK) shares closed today at 2.0% below its 52 week high of $720.97, giving the company a market cap of $18B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 85.8% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 566.4% The company's stock price performance over the past 12 months beats the peer average by 401.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 566.4% The company's stock price performance over the past 12 months beats the peer average by 401.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 566.4% The company's stock price performance over the past 12 months beats the peer average by 401.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.5% higher than the average peer.
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57d9bea0-0edc-4126-a99f-1d7864bca90d
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711631.0
|
2023-12-15 00:00:00 UTC
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Amphenol Corp. - Class A Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/amphenol-corp.-class-a-shares-approach-52-week-high-market-mover-8
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nan
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nan
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Amphenol Corp. - Class A (APH) shares closed today at 1.4% below its 52 week high of $99.93, giving the company a market cap of $59B. The stock is currently up 31.4% year-to-date, up 29.2% over the past 12 months, and up 153.0% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 78.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -286.6%
The company's stock price performance over the past 12 months beats the peer average by -302.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 716.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Amphenol Corp. - Class A (APH) shares closed today at 1.4% below its 52 week high of $99.93, giving the company a market cap of $59B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -286.6% The company's stock price performance over the past 12 months beats the peer average by -302.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 716.6% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 78.9% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -286.6% The company's stock price performance over the past 12 months beats the peer average by -302.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 716.6% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -286.6% The company's stock price performance over the past 12 months beats the peer average by -302.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 716.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -286.6% The company's stock price performance over the past 12 months beats the peer average by -302.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 716.6% higher than the average peer.
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54f948be-4847-4232-92f0-2c14ca058b60
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711632.0
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2023-12-15 00:00:00 UTC
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3 Real Estate Stocks Still Worth Buying in Today’s Uncertain Housing Market
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DCOMP
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https://www.nasdaq.com/articles/3-real-estate-stocks-still-worth-buying-in-todays-uncertain-housing-market
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The real estate sector is a big deal in our economy. Beyond bricks and mortar, the sector creates jobs, services, and growth across the continental United States. Also, real estate stocks let you invest without buying actual buildings. It’s like owning a small part of the companies rather than the properties themselves. As a result, real estate stocks are a popular choice among investors.
Popular as the sector might be, many people have been pessimistic about the market’s current condition. High real estate prices, high mortgage rates, and low inventory remain prevalent. And this has had its effect on real estate in general.
Despite the setbacks, some companies offer refuge by offering a stable dividend and growth opportunities. Here are some of the most promising real estate stocks to look at right now.
American Tower Corp (AMT)
Source: Shutterstock
American Tower Corporation (NYSE:AMT) is the first real estate stock on the list. The company is one of the leading global real estate investment trusts (REITs) and has over 28 years of experience owning, operating, and developing property for wireless and broadcast communications.
Headquartered in Boston, American Tower has a portfolio of nearly 225,000 communication sites worldwide, about 43,000 properties in the U.S. and Canada, and approximately 182,000 international properties. American Tower was recently named Top 25 “Dividend Giant” with “a staggering” $14.86 billion in ETF-held stock.
Today, the company pays a 3.14% dividend yield, has a consistent payout history, and has strong long-term growth, solidifying its industry position. AMT’s third-quarter financials show strong growth despite a dip in net income. Total revenue rose 5.5% to $2.819 billion, mostly driven by a 7% increase in property revenue to $2.792 billion. Adjusted EBITDA also grew 10.4% to $1.814 billion, although net income fell 29.6% to $577 million. All in all, 19 analysts rate AMT a strong buy rating with a high estimate of $259, representing 20% upside potential.
With all that being said, AMT represents a promising investment opportunity and one of the best real estate stocks to buy.
Alexandria Real Estate Equities (ARE)
Source: Shutterstock
The next real estate stock on our list is Alexandria Real Estate Equities (NYSE:ARE). Like American Towers, the company is an REIT that has been around for almost 30 years. Alexandria manages over 75-million square feet of properties across research centers in North America, serving over 800 high-profile tenants. These include companies specializing in life science, agricultural tech, and technology campuses.
Today, its market capitalization is roughly $20 billion. The company recently announced a 2.4% dividend increase to $1.27 per share for the fourth quarter this year, up from $1.24 last quarter. The dividend ex-date is Dec. 28 and will be paid out on Jan. 12, 2024.
ARE delivered solid financial results in the third quarter, with net income rising 7.9% year-over-year to $1.8 billion. This growth builds on consistent positive trends in the company’s same property net operating income.
Looking ahead, ARE’s decision to incorporate a 3% annual rent increase in 96% of its leases helps ensure future profitability. Their balance sheet also reflects robust liquidity of $5.9 billion and no debt maturities due before 2025. And for the icing on the cake, analysts estimate the stock has roughly 55% upside potential.
Ventas, Inc. (VTR)
Source: Monkey Business Images / Shutterstock.com
The last real estate stock, but not least, is Ventas, Inc. (NYSE:VTR). Ventas is a healthcare REIT that has been around for over 26 years and is listed on the S&P 500. With an enterprise value over $31.75 billion and 1,400 properties, it capitalizes on the growing aging population’s demand for senior housing and medical facilities. Ranking as the 19th largest REIT in the S&P 500, Ventas has delivered an impressive 17% annualized return to shareholders since 1999.
The company reported positive financial growth in the third quarter. Net operating income increased by 5.1%, while same-store cash net operating Income jumped by 7.9%. This growth came from higher occupancy rates, increased revenue per occupied room, and controlled operating expenses, resulting in a 230 basis point margin expansion. Although net loss per share was $0.18 for the quarter, this was recorded as a non-cash impairment on real estate assets held for sale. The company maintained a dividend of $0.45 per share, translating to a 3.85% yield. On top of that, analysts rate the stock as a strong buy with a high target of $53 per share.
On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.
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The post 3 Real Estate Stocks Still Worth Buying in Today’s Uncertain Housing Market appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company is one of the leading global real estate investment trusts (REITs) and has over 28 years of experience owning, operating, and developing property for wireless and broadcast communications. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Real Estate Stocks Still Worth Buying in Today’s Uncertain Housing Market appeared first on InvestorPlace.
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American Tower Corp (AMT) Source: Shutterstock American Tower Corporation (NYSE:AMT) is the first real estate stock on the list. All in all, 19 analysts rate AMT a strong buy rating with a high estimate of $259, representing 20% upside potential. Alexandria Real Estate Equities (ARE) Source: Shutterstock The next real estate stock on our list is Alexandria Real Estate Equities (NYSE:ARE).
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American Tower Corp (AMT) Source: Shutterstock American Tower Corporation (NYSE:AMT) is the first real estate stock on the list. Alexandria Real Estate Equities (ARE) Source: Shutterstock The next real estate stock on our list is Alexandria Real Estate Equities (NYSE:ARE). The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Real Estate Stocks Still Worth Buying in Today’s Uncertain Housing Market appeared first on InvestorPlace.
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As a result, real estate stocks are a popular choice among investors. With all that being said, AMT represents a promising investment opportunity and one of the best real estate stocks to buy. This growth builds on consistent positive trends in the company’s same property net operating income.
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3b55ac53-70f6-479c-b97f-0f445368f300
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711633.0
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2023-12-15 00:00:00 UTC
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Should You Invest in the First Trust Dow Jones Internet ETF (FDN)?
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DCOMP
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https://www.nasdaq.com/articles/should-you-invest-in-the-first-trust-dow-jones-internet-etf-fdn-11
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nan
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nan
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Looking for broad exposure to the Technology - Internet segment of the equity market? You should consider the First Trust Dow Jones Internet ETF (FDN), a passively managed exchange traded fund launched on 06/19/2006.
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Internet is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 6, placing it in top 38%.
Index Details
The fund is sponsored by First Trust Advisors. It has amassed assets over $5.91 billion, making it one of the largest ETFs attempting to match the performance of the Technology - Internet segment of the equity market. FDN seeks to match the performance of the Dow Jones Internet Composite Index before fees and expenses.
The Dow Jones Internet Composite Index includes only companies whose primary focus is Internet-related.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.52%, making it on par with most peer products in the space.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector--about 43.70% of the portfolio. Telecom and Consumer Discretionary round out the top three.
Looking at individual holdings, Amazon.com, Inc. (AMZN) accounts for about 9.34% of total assets, followed by Meta Platforms Inc. (class A) (META) and Alphabet Inc. (class A) (GOOGL).
The top 10 holdings account for about 51.45% of total assets under management.
Performance and Risk
Year-to-date, the First Trust Dow Jones Internet ETF has gained about 48.87% so far, and it's up approximately 45.20% over the last 12 months (as of 12/18/2023). FDN has traded between $118.96 and $183.33 in this past 52-week period.
The ETF has a beta of 1.11 and standard deviation of 30.80% for the trailing three-year period, making it a high risk choice in the space. With about 43 holdings, it has more concentrated exposure than peers.
Alternatives
First Trust Dow Jones Internet ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, FDN is a great option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Amplify Transformational Data Sharing ETF (BLOK) tracks ---------------------------------------- and the ARK Next Generation Internet ETF (ARKW) tracks N/A. Amplify Transformational Data Sharing ETF has $791.29 million in assets, ARK Next Generation Internet ETF has $1.71 billion. BLOK has an expense ratio of 0.75% and ARKW charges 0.88%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Trust Dow Jones Internet ETF (FDN): ETF Research Reports
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
ARK Next Generation Internet ETF (ARKW): ETF Research Reports
Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports
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.
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You should consider the First Trust Dow Jones Internet ETF (FDN), a passively managed exchange traded fund launched on 06/19/2006. It has amassed assets over $5.91 billion, making it one of the largest ETFs attempting to match the performance of the Technology - Internet segment of the equity market. The ETF has a beta of 1.11 and standard deviation of 30.80% for the trailing three-year period, making it a high risk choice in the space.
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You should consider the First Trust Dow Jones Internet ETF (FDN), a passively managed exchange traded fund launched on 06/19/2006. Amplify Transformational Data Sharing ETF (BLOK) tracks ---------------------------------------- and the ARK Next Generation Internet ETF (ARKW) tracks N/A. Click to get this free report First Trust Dow Jones Internet ETF (FDN): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report ARK Next Generation Internet ETF (ARKW): ETF Research Reports Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alternatives First Trust Dow Jones Internet ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Click to get this free report First Trust Dow Jones Internet ETF (FDN): ETF Research Reports Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report ARK Next Generation Internet ETF (ARKW): ETF Research Reports Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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You should consider the First Trust Dow Jones Internet ETF (FDN), a passively managed exchange traded fund launched on 06/19/2006. The top 10 holdings account for about 51.45% of total assets under management. Alternatives First Trust Dow Jones Internet ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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a1082849-8184-4615-93da-7bccfa5317c9
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711634.0
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2023-12-15 00:00:00 UTC
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ICICI Bank Ltd. - ADR Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/icici-bank-ltd.-adr-shares-near-52-week-high-market-mover-2
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nan
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nan
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ICICI Bank Ltd. - ADR (IBN) shares closed today at 2.0% below its 52 week high of $25.04, giving the company a market cap of $86B. The stock is currently up 13.1% year-to-date, up 13.1% over the past 12 months, and up 154.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 33.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.6.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -201.7%
The company's stock price performance over the past 12 months beats the peer average by -219.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 43.8% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ICICI Bank Ltd. - ADR (IBN) shares closed today at 2.0% below its 52 week high of $25.04, giving the company a market cap of $86B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.6. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -201.7% The company's stock price performance over the past 12 months beats the peer average by -219.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 43.8% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -201.7% The company's stock price performance over the past 12 months beats the peer average by -219.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 43.8% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -201.7% The company's stock price performance over the past 12 months beats the peer average by -219.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 43.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -201.7% The company's stock price performance over the past 12 months beats the peer average by -219.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 43.8% higher than the average peer.
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0591b656-2e59-4bd4-a90a-98ab290bf28b
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711635.0
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2023-12-15 00:00:00 UTC
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Celanese Corp - Series A Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/celanese-corp-series-a-shares-approach-52-week-high-market-mover
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nan
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nan
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Celanese Corp - Series A (CE) shares closed today at 1.6% below its 52 week high of $152.94, giving the company a market cap of $16B. The stock is currently up 52.3% year-to-date, up 53.4% over the past 12 months, and up 101.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 123.2% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 282.6%
The company's stock price performance over the past 12 months beats the peer average by 262.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -48.2% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Celanese Corp - Series A (CE) shares closed today at 1.6% below its 52 week high of $152.94, giving the company a market cap of $16B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 282.6% The company's stock price performance over the past 12 months beats the peer average by 262.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -48.2% lower than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 282.6% The company's stock price performance over the past 12 months beats the peer average by 262.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -48.2% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 282.6% The company's stock price performance over the past 12 months beats the peer average by 262.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -48.2% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 282.6% The company's stock price performance over the past 12 months beats the peer average by 262.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -48.2% lower than the average peer.
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811e9ef9-6630-46db-962a-129a2bfda6ee
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711636.0
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2023-12-15 00:00:00 UTC
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Federal Agricultural Mortgage Corp. - Class C Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/federal-agricultural-mortgage-corp.-class-c-shares-near-52-week-high-market-mover-3
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nan
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nan
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Federal Agricultural Mortgage Corp. - Class C (AGM) shares closed today at 1.5% below its 52 week high of $183.78, giving the company a market cap of $1B. The stock is currently up 63.4% year-to-date, up 59.8% over the past 12 months, and up 278.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 111.0% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 265.5%
The company's stock price performance over the past 12 months beats the peer average by 193.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Federal Agricultural Mortgage Corp. - Class C (AGM) shares closed today at 1.5% below its 52 week high of $183.78, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 111.0% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 265.5% The company's stock price performance over the past 12 months beats the peer average by 193.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 265.5% The company's stock price performance over the past 12 months beats the peer average by 193.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 265.5% The company's stock price performance over the past 12 months beats the peer average by 193.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 13.5% higher than the average peer.
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2fd16d64-adb9-463d-8126-491587cb67b6
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711637.0
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2023-12-15 00:00:00 UTC
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Arista Networks Inc Shares Climb 0.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/arista-networks-inc-shares-climb-0.7-past-previous-52-week-high-market-mover-0
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nan
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nan
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Arista Networks Inc (ANET) shares closed 0.7% higher than its previous 52 week high, giving the company a market cap of $73B. The stock is currently up 94.1% year-to-date, up 90.5% over the past 12 months, and up 348.4% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 67.2% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 903.9%
The company's stock price performance over the past 12 months beats the peer average by 811.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 254.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Arista Networks Inc (ANET) shares closed 0.7% higher than its previous 52 week high, giving the company a market cap of $73B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 903.9% The company's stock price performance over the past 12 months beats the peer average by 811.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 254.4% higher than the average peer.
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Arista Networks Inc (ANET) shares closed 0.7% higher than its previous 52 week high, giving the company a market cap of $73B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 903.9% The company's stock price performance over the past 12 months beats the peer average by 811.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 254.4% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 903.9% The company's stock price performance over the past 12 months beats the peer average by 811.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 254.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 903.9% The company's stock price performance over the past 12 months beats the peer average by 811.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 254.4% higher than the average peer.
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27179b0b-f9c1-4455-b3ab-7f5ad7ab8278
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711638.0
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2023-12-15 00:00:00 UTC
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Cloudflare Inc - Class A Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/cloudflare-inc-class-a-shares-approach-52-week-high-market-mover
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nan
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nan
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Cloudflare Inc - Class A (NET) shares closed today at 0.9% below its 52 week high of $85.48, giving the company a market cap of $25B. The stock is currently up 88.1% year-to-date, up 78.9% over the past 12 months, and up 372.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 58.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 2.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 553.8%
The company's stock price performance over the past 12 months beats the peer average by 522.7%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cloudflare Inc - Class A (NET) shares closed today at 0.9% below its 52 week high of $85.48, giving the company a market cap of $25B. Beta, a measure of the stock’s volatility relative to the overall market stands at 2.7. The stock closed below its Bollinger band, indicating it may be oversold.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 553.8% The company's stock price performance over the past 12 months beats the peer average by 522.7%
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 553.8% The company's stock price performance over the past 12 months beats the peer average by 522.7% This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 553.8% The company's stock price performance over the past 12 months beats the peer average by 522.7%
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c85a38e6-5c20-4b02-87f2-ce58781b457e
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711639.0
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2023-12-15 00:00:00 UTC
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EXCLUSIVE-Chinese firms look to Malaysia for assembly of high-end chips, sources say
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DCOMP
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https://www.nasdaq.com/articles/exclusive-chinese-firms-look-to-malaysia-for-assembly-of-high-end-chips-sources-say
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nan
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nan
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By Fanny Potkin and Yantoultra Ngui
SINGAPORE, Dec 18 (Reuters) - A growing number of Chinese semiconductor design companies are tapping Malaysian firms to assemble a portion of their high-end chips, keen to hedge risks in case the U.S. expands sanctions on China's chip industry, sources said.
The companies are asking Malaysian chip packaging firms to assemble a type of chip known as graphics processing units (GPUs), according to three people with knowledge of the discussions.
The requests only encompass assembly - which does not contravene any U.S. restrictions - and not fabrication of the chip wafers, they said. Some contracts have already been agreed, two of the people added.
The people declined to disclose the names of the companies involved or to be identified, citing confidentiality agreements.
Seeking to limit China's access to high-end GPUs that could fuel artificial intelligence breakthroughs or power supercomputers and military applications, Washington has increasingly placed restrictions on their sales as well as on sophisticated chip-making equipment.
As those sanctions bite and an AI boom fuels demand, smaller Chinese semiconductor design firms are struggling to secure sufficient advanced packaging services at home, analysts have said.
Some of the Chinese companies are interested in advanced chip packaging services, two people said.
Advanced packaging of chips can significantly improve chip performance and is emerging as a critical technology in the semiconductor industry. This sometimes involves the construction of chiplets where chips are packaged tightly to work together as one powerful brain.
Although not subject to U.S. export restrictions, it's an area that can require sophisticated technology which the firms worry might one day be targeted for curbs on exports to China, the two people added.
Malaysia, a major hub in the semiconductor supply chain, is seen as well placed to grab further business as Chinese chip firms diversify outside of China for assembling needs.
Unisem UNSM.KL, majority owned by China's Huatian Technology 002185.SZ, and other Malaysian chip packaging companies have seen increased business and inquiries from Chinese clients, said one source who was briefed on the matter.
Unisem Chairman John Chia declined to comment on the company's clients but said: "Due to trade sanctions and supply chain issues, many Chinese chip design houses have come to Malaysia to establish additional sources of supply outside of China to support their business in and out of China."
Chinese chip design firms also see Malaysia as a good option because the country is perceived as being on good terms with China, is affordable, with an experienced workforce and sophisticated equipment, two of the sources said.
Asked whether accepting orders to assemble GPUs from Chinese firms could potentially provoke U.S. ire, Chia said Unisem's business dealings were "fully legitimate and compliant" and the company did not have the time to worry over "too many possibilities".
He noted that most of Unisem's customers in Malaysia were from the United States.
Other big chip packaging firms in the country include Malaysian Pacific Industries MPIM.KL and Inari Amertron INAR.KL. They did not respond to Reuters requests for comment.
Chinese companies are also interested in having their chips assembled outside China as that could also make it easier to sell their products in non-Chinese markets, said one source, an investor in two Chinese chip startups.
A MAJOR HUB
Malaysia currently accounts for 13% of theglobal marketfor semiconductor packaging, assembly, and testing and is aiming to boost that to 15% by 2030.
Chinese chip firms that have announced plans to expand in Malaysia include Xfusion, a former Huawei HWT.UL unit, which said in September it would partner with Malaysia's NationGate NATI.KL to manufacture GPU servers - servers designed for data centres and which are used in AI and high-performance computing.
Shanghai-based StarFive is also building a design centre in Penang, and chip packaging and testing firm TongFu Microelectronics 002156.SZ said last year it would expand its Malaysia facility - a venture with U.S. chipmaker AMD AMD.O.
Offering an array of incentives, Malaysia has attracted multi-billion dollar chip investments. Germany's Infineon IFXGn.DE said in August it would invest 5 billion euros ($5.4 billion) to expand its power chip plant there.
U.S. chipmaker Intel INTC.O announced in 2021 that it would build a $7 billion advanced chip packaging plant in Malaysia.
Chinese companies are not just choosing Malaysia. In 2021, JCET Group, the world’s third-largest chip assembly and testing company, completed an acquisition of an advanced testing facility in Singapore.
Other countries such as Vietnam and India are also seeking to expand further into chip manufacturing services, hoping to lure clients keen to minimise U.S.-Sino geopolitical risks.
($1 = 0.9272 euros)
(Reporting by Fanny Potkin and Yantoultra Ngui in Singapore; Additional reporting by Eduardo Baptista and Yelin Mo in Beijing and Alexandra Alper in Washington; Editing by Miyoung Kim and Edwina Gibbs)
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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Seeking to limit China's access to high-end GPUs that could fuel artificial intelligence breakthroughs or power supercomputers and military applications, Washington has increasingly placed restrictions on their sales as well as on sophisticated chip-making equipment. As those sanctions bite and an AI boom fuels demand, smaller Chinese semiconductor design firms are struggling to secure sufficient advanced packaging services at home, analysts have said. Asked whether accepting orders to assemble GPUs from Chinese firms could potentially provoke U.S. ire, Chia said Unisem's business dealings were "fully legitimate and compliant" and the company did not have the time to worry over "too many possibilities".
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Unisem UNSM.KL, majority owned by China's Huatian Technology 002185.SZ, and other Malaysian chip packaging companies have seen increased business and inquiries from Chinese clients, said one source who was briefed on the matter. Germany's Infineon IFXGn.DE said in August it would invest 5 billion euros ($5.4 billion) to expand its power chip plant there. ($1 = 0.9272 euros) (Reporting by Fanny Potkin and Yantoultra Ngui in Singapore; Additional reporting by Eduardo Baptista and Yelin Mo in Beijing and Alexandra Alper in Washington; Editing by Miyoung Kim and Edwina Gibbs) 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 Fanny Potkin and Yantoultra Ngui SINGAPORE, Dec 18 (Reuters) - A growing number of Chinese semiconductor design companies are tapping Malaysian firms to assemble a portion of their high-end chips, keen to hedge risks in case the U.S. expands sanctions on China's chip industry, sources said. Unisem Chairman John Chia declined to comment on the company's clients but said: "Due to trade sanctions and supply chain issues, many Chinese chip design houses have come to Malaysia to establish additional sources of supply outside of China to support their business in and out of China." Chinese companies are also interested in having their chips assembled outside China as that could also make it easier to sell their products in non-Chinese markets, said one source, an investor in two Chinese chip startups.
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Some of the Chinese companies are interested in advanced chip packaging services, two people said. Unisem Chairman John Chia declined to comment on the company's clients but said: "Due to trade sanctions and supply chain issues, many Chinese chip design houses have come to Malaysia to establish additional sources of supply outside of China to support their business in and out of China." U.S. chipmaker Intel INTC.O announced in 2021 that it would build a $7 billion advanced chip packaging plant in Malaysia.
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094d480a-63da-4eda-8bee-86347a3cfce7
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711640.0
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2023-12-15 00:00:00 UTC
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Australia's Adbri receives $1.4 billion offer from Barro Group and CRH
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DCOMP
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https://www.nasdaq.com/articles/australias-adbri-receives-%241.4-billion-offer-from-barro-group-and-crh
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nan
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nan
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Adds more details on deal from paragraph 2
Dec 18 (Reuters) - Australian construction materials firm Adbri ABC.AX said on Monday it is in exclusive talks with CRH CRH.N and the Barro Group Pty Ltd for the two companies to buy shares that Barro does not already own, in a deal worth about A$2.1 billion ($1.41 billion).
CRH, a building materials solutions provider, and Barro, a concrete supplier, have offered A$3.20 per share - a 41% premium to the company's last closing price on Dec. 15.
The deal is subject to various court and regulatory approvals, including from Foreign Investment Review Board.
Both CRH and the Barro Group did not immediately respond to Reuters' requests for comment.
($1 = 1.4937 Australian dollars)
(Reporting by Archishma Iyer in Bengaluru; Editing by Sandra Maler and Deepa Babington)
((Archishma.Iyer@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 more details on deal from paragraph 2 Dec 18 (Reuters) - Australian construction materials firm Adbri ABC.AX said on Monday it is in exclusive talks with CRH CRH.N and the Barro Group Pty Ltd for the two companies to buy shares that Barro does not already own, in a deal worth about A$2.1 billion ($1.41 billion). CRH, a building materials solutions provider, and Barro, a concrete supplier, have offered A$3.20 per share - a 41% premium to the company's last closing price on Dec. 15. The deal is subject to various court and regulatory approvals, including from Foreign Investment Review Board.
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Adds more details on deal from paragraph 2 Dec 18 (Reuters) - Australian construction materials firm Adbri ABC.AX said on Monday it is in exclusive talks with CRH CRH.N and the Barro Group Pty Ltd for the two companies to buy shares that Barro does not already own, in a deal worth about A$2.1 billion ($1.41 billion). Both CRH and the Barro Group did not immediately respond to Reuters' requests for comment. ($1 = 1.4937 Australian dollars) (Reporting by Archishma Iyer in Bengaluru; Editing by Sandra Maler and Deepa Babington) ((Archishma.Iyer@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 more details on deal from paragraph 2 Dec 18 (Reuters) - Australian construction materials firm Adbri ABC.AX said on Monday it is in exclusive talks with CRH CRH.N and the Barro Group Pty Ltd for the two companies to buy shares that Barro does not already own, in a deal worth about A$2.1 billion ($1.41 billion). CRH, a building materials solutions provider, and Barro, a concrete supplier, have offered A$3.20 per share - a 41% premium to the company's last closing price on Dec. 15. ($1 = 1.4937 Australian dollars) (Reporting by Archishma Iyer in Bengaluru; Editing by Sandra Maler and Deepa Babington) ((Archishma.Iyer@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 more details on deal from paragraph 2 Dec 18 (Reuters) - Australian construction materials firm Adbri ABC.AX said on Monday it is in exclusive talks with CRH CRH.N and the Barro Group Pty Ltd for the two companies to buy shares that Barro does not already own, in a deal worth about A$2.1 billion ($1.41 billion). CRH, a building materials solutions provider, and Barro, a concrete supplier, have offered A$3.20 per share - a 41% premium to the company's last closing price on Dec. 15. The deal is subject to various court and regulatory approvals, including from Foreign Investment Review Board.
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96703805-4a52-462b-b17d-a6907f0661cb
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711641.0
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2023-12-15 00:00:00 UTC
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Synchrony Financial Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/synchrony-financial-shares-close-in-on-52-week-high-market-mover-0
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nan
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nan
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Synchrony Financial (SYF) shares closed today at 1.6% below its 52 week high of $38.17, giving the company a market cap of $15B. The stock is currently up 16.4% year-to-date, up 15.2% over the past 12 months, and up 81.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 75.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 5.0%
The company's stock price performance over the past 12 months lags the peer average by -6.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Synchrony Financial (SYF) shares closed today at 1.6% below its 52 week high of $38.17, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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Synchrony Financial (SYF) shares closed today at 1.6% below its 52 week high of $38.17, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 5.0% The company's stock price performance over the past 12 months lags the peer average by -6.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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ae41a8ca-a97a-43b5-b0cb-968ae1b0093e
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711642.0
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2023-12-15 00:00:00 UTC
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3 Growthy Gaming Stocks Worth Playing in 2024
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DCOMP
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https://www.nasdaq.com/articles/3-growthy-gaming-stocks-worth-playing-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Gaming stocks are set for a record run as stronger-than-expected consumer confidence boosts holiday sales. At the same time, huge news for specific gaming stocks is sending shares soaring in anticipation. Though metaverse and Web3 gaming stocks took center stage in recent years, it might be time to go back to the fundamentals.
These three gaming stocks are industry heavyweights. But don’t let their relative maturity distract from growth potential. Each is primed to break out on the heels of bullish news, great forecasts, and material undervaluation.
Nintendo (NTDOY, NTDOF)
Source: ESOlex / Shutterstock.com
Nintendo (OTCMKTS:NTDOY, OTCMKTS:NTDOF) will likely be among the top gaming stocks in 2024. Last year saw a slew of bullish Nintendo news that, ultimately, didn’t do much for the stock. We saw virtual reality teasers, leaked Microsoft (NASDAQ:MSFT) acquisition chatter, and the Super Mario Bros Movie returned $1.36 billion globally. Shares ticked higher throughout the year, returning about 15%, but still – you’d expect a little more considering the rumors and news swirling around the gaming stock.
The holiday sales season will likely serve as a major boost to Nintendo, as it’s one of the few gaming companies adeptly navigating value pricing and quality. At the same time, the Super Mario Bros Movie proved Nintendo’s deep intellectual property portfolio is ripe for moviemakers. Studios are slowing on the superhero franchising, meaning they’re looking elsewhere for creative property to mine. And Nintendo owns hundreds of franchises that, with few exceptions, remain mostly untapped. We’re already seeing the potential as Nintendo develops the much-anticipated Legend of Zelda film. If Nintendo sticks the landing on this film and even just a few of the rumored developments pan out, then this gaming stock is ready for a record-setting 2024.
Take-Two Interactive (TTWO)
Source: rafapress / Shutterstock.com
Take-Two Interactive (NASDAQ:TTWO) is set for a bull run of its own as the hotly-anticipated Grand Theft Auto VI preps for a 2025 release. Despite being ten years old, annual revenue for the title’s previous installment hit $781 million in September. In 2013, when GTA V dropped, it set records as the best opening week in gaming stock history, clearing $1.15 billion in just a few days. But anticipation surrounding GTA VI could see TTWO surpassing its already-high bar.
As proof, TTWO is set to join the NASDAQ-100 on Dec. 18, pointing to the company’s inherent strength beyond just popular gaming titles. And TTWO’s management has significant plans to keep the gaming stock’s momentum rolling. In May, the company’s annual report discussed plans to “deliver several groundbreaking titles [that will] set new standards of quality and success and enable [TTWO] to deliver over $8 billion in Net Bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow.”
TTWO is already ending 2023 with a bang and set for a strong 2024. That makes TTWO one of the top gaming stocks with growth potential.
Corsair Gaming (CRSR)
Corsair Gaming (NASDAQ:CRSR) dropped precipitously this year, but December marked a sharp incline for the gaming stock as shares rose 12% over the past month. Remember – gaming is more than the titles themselves, and Corsair’s suite of popular hardware establishes it firmly as a leader among gaming stocks. But shares seem materially undervalued, trading at just 1.04x sales and 9.5x earnings.
Its most recent earnings pointed to a possible reversal. The company posted earnings closely aligned with broad consensus but, critically, revenue beat analyst forecasts as hardware sales surged unexpectedly. Like other gaming stocks, Corsair stands to gain further from increased holiday sales. Couple that trend with general strength in hardware gaming, set to hit 10% annual growth through 2028, and Corsair is a perfect cheap gaming stock to buy today.
If you want a well-rounded portfolio of gaming stocks, don’t forget the peripherals. Corsair stands as a top pick to capture bullish gaming upside from another perspective.
On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy’s work can also be found at www.jeremyflint.work.
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The post 3 Growthy Gaming Stocks Worth Playing in 2024 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We saw virtual reality teasers, leaked Microsoft (NASDAQ:MSFT) acquisition chatter, and the Super Mario Bros Movie returned $1.36 billion globally. The company posted earnings closely aligned with broad consensus but, critically, revenue beat analyst forecasts as hardware sales surged unexpectedly. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Growthy Gaming Stocks Worth Playing in 2024 appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gaming stocks are set for a record run as stronger-than-expected consumer confidence boosts holiday sales. Nintendo (NTDOY, NTDOF) Source: ESOlex / Shutterstock.com Nintendo (OTCMKTS:NTDOY, OTCMKTS:NTDOF) will likely be among the top gaming stocks in 2024. Corsair Gaming (CRSR) Corsair Gaming (NASDAQ:CRSR) dropped precipitously this year, but December marked a sharp incline for the gaming stock as shares rose 12% over the past month.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gaming stocks are set for a record run as stronger-than-expected consumer confidence boosts holiday sales. Corsair Gaming (CRSR) Corsair Gaming (NASDAQ:CRSR) dropped precipitously this year, but December marked a sharp incline for the gaming stock as shares rose 12% over the past month. Couple that trend with general strength in hardware gaming, set to hit 10% annual growth through 2028, and Corsair is a perfect cheap gaming stock to buy today.
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That makes TTWO one of the top gaming stocks with growth potential. But shares seem materially undervalued, trading at just 1.04x sales and 9.5x earnings. Like other gaming stocks, Corsair stands to gain further from increased holiday sales.
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ad994a86-0d39-4779-8327-f8391cd369bf
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711643.0
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2023-12-15 00:00:00 UTC
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AECOM Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/aecom-shares-close-in-on-52-week-high-market-mover-3
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nan
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nan
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AECOM (ACM) shares closed today at 1.0% below its 52 week high of $93.88, giving the company a market cap of $12B. The stock is currently up 9.6% year-to-date, up 12.5% over the past 12 months, and up 241.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%.
Trading Activity
Trading volume this week was 102.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -36.0%
The company's stock price performance over the past 12 months lags the peer average by -18.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 926.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AECOM (ACM) shares closed today at 1.0% below its 52 week high of $93.88, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -36.0% The company's stock price performance over the past 12 months lags the peer average by -18.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 926.9% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Trading Activity Trading volume this week was 102.6% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -36.0% The company's stock price performance over the past 12 months lags the peer average by -18.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 926.9% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -36.0% The company's stock price performance over the past 12 months lags the peer average by -18.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 926.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.8%, and the S&P 500 rose 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -36.0% The company's stock price performance over the past 12 months lags the peer average by -18.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 926.9% higher than the average peer.
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b8351965-856c-43bb-86e5-783553fbb96c
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711644.0
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2023-12-15 00:00:00 UTC
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Better Income Stock: AT&T or AbbVie?
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DCOMP
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https://www.nasdaq.com/articles/better-income-stock%3A-att-or-abbvie
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nan
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nan
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Dividend stocks can offer a valuable source of income for investors who want to diversify their portfolios. However, investors should also be aware that most of these stocks will gradually decline in value over time unless the dividend is reinvested.
This may seem surprising, but ample evidence supports this claim. Only a few dividend stocks have been able to provide cash payments to shareholders consistently while also increasing their share prices over time.
Two of the most popular dividend stocks in the market today are AT&T (NYSE: T) and AbbVie (NYSE: ABBV), but they have different appeals. AT&T is attractive for its high yield, currently 6.72%. AbbVie also has a decent yield of 4.02% and has established itself as a leading dividend growth stock and reliable passive income source for shareholders. To illustrate these points, the company has increased its dividend by 287.5% since it spun off from Abbott Laboratories in 2013, and it is a Dividend King due to its heritage.
Image source: Getty Images.
Which of these top dividend stocks is the better income play? Let's dig deeper to find out.
The case for AT&T
Over the next few years, AT&T is expected to steadily reduce its debt thanks to its improved free cash flows and lower costs. The company should also face less competitive pressure from its rivals because the U.S. wireless market has become more stable after T-Mobile's merger with Sprint and the completion of the 5G network rollout.
Lastly, AT&T's stock screens as markedly undervalued, with its shares trading at less than 7 times expected earnings. In fact, the telecom giant's stock is currently trading near a historical low on this classic valuation metric.
The case for AbbVie
AbbVie is a biopharmaceutical company that rewards its shareholders with a generous and growing dividend. The company has a proven track record of delivering strong revenue growth and expanding its market share in autoimmune diseases, where its best-selling drug, Humira, is a market share leader in multiple indications. AbbVie has also diversified its portfolio into other lucrative areas, such as oncology, with breakthrough drugs like Imbruvica for various blood cancers.
The company has a solid pipeline of innovative drugs, and its recent acquisitions could add more value to its business. AbbVie's dividend yield is slightly higher than the average for its industry, and its stock is trading at a low valuation compared to its peers at less than 14 times forward earnings. However, Humira's sales are declining due to biosimilar competition, and novel branded competitors could further challenge its dominance in immunology over the next five to 10 years.
Verdict
AbbVie scans as the better buy in this comparison. The drugmaker is facing some important challenges, but it also operates in a fast-growing and dynamic healthcare sector that benefits from favorable demographic trends, scientific breakthroughs, and robust global demand.
AT&T, on the other hand, is struggling to grow its sales in a mature and highly competitive U.S. telecom market. So, even though it offers a higher dividend yield, AT&T stock may not be as appealing as AbbVie's at the moment.
Should you invest $1,000 in AT&T right now?
Before you buy stock in AT&T, 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 AT&T 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
George Budwell has positions in AT&T. The Motley Fool has positions in and recommends Abbott Laboratories. The Motley Fool recommends T-Mobile US. 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 company should also face less competitive pressure from its rivals because the U.S. wireless market has become more stable after T-Mobile's merger with Sprint and the completion of the 5G network rollout. AbbVie's dividend yield is slightly higher than the average for its industry, and its stock is trading at a low valuation compared to its peers at less than 14 times forward earnings. The drugmaker is facing some important challenges, but it also operates in a fast-growing and dynamic healthcare sector that benefits from favorable demographic trends, scientific breakthroughs, and robust global demand.
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AT&T, on the other hand, is struggling to grow its sales in a mature and highly competitive U.S. telecom market. Before you buy stock in AT&T, 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 AT&T wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 George Budwell has positions in AT&T.
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AbbVie also has a decent yield of 4.02% and has established itself as a leading dividend growth stock and reliable passive income source for shareholders. AbbVie's dividend yield is slightly higher than the average for its industry, and its stock is trading at a low valuation compared to its peers at less than 14 times forward earnings. Before you buy stock in AT&T, 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 AT&T wasn't one of them.
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Dividend stocks can offer a valuable source of income for investors who want to diversify their portfolios. AbbVie also has a decent yield of 4.02% and has established itself as a leading dividend growth stock and reliable passive income source for shareholders. Before you buy stock in AT&T, 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 AT&T wasn't one of them.
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06288c9f-ec4d-478f-933a-8cfd9216402f
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711645.0
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2023-12-15 00:00:00 UTC
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IonQ Stock Outperformed the S&P 500 in 2023. Could It Do It Again in 2024?
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DCOMP
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https://www.nasdaq.com/articles/ionq-stock-outperformed-the-sp-500-in-2023.-could-it-do-it-again-in-2024
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nan
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nan
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This year hasn't just been a good one for IonQ (NYSE: IONQ) shareholders. It's been a great one. The computing-technology stock is up more than 300% since the end of 2022, and seemingly still going strong.
As the old adage goes, though, past performance is no guarantee of future results. There's no assurance IonQ will repeat the feat in the coming year.
Even so, shares of the market-beating company could still easily outpace whatever marketwide gains are in the cards for 2024, making the stock a compelling -- even if somewhat speculative -- buy. Here's why.
IonQ is on a roll
You've probably heard the term "quantum computing" tossed around in the past few years. What you've probably not heard is much about the commercialization of quantum computing solutions. Although the potential of subatomic particles as a computing medium is incredible, it's also just too darn difficult to make it practical and affordable.
That is, until now. While a company called D-Wave was the first to introduce quantum computing to commercial clients and IBM become the first major player to unveil such tech back in 2019, IonQ is arguably the name in the business to take most seriously. After all, it's also the stock market's "first publicly traded, pure-play quantum computing company," according to the company.
Perhaps more important, customers are lining up, money in hand. The company booked $6.1 million worth of business during the quarter ended in September, more than doubling its top line on a year-over-year basis, and extending a growth trend that's been in place for all of 2023.
IONQ Revenue (Quarterly) data by YCharts
IonQ's total bookings jumped by $26.3 million last quarter as well, accelerating to a year-to-date total of $58.4 million.
This growth only scratches the surface of what could happen, however. The company continues to refine its portfolio of quantum computing platforms. Last quarter it unveiled the #AQ (algorithmic qubits) 35 Forte Enterprise computer as well as its #AQ 64 Tempo. The former is designed for hybrid data centers that also still rely on conventional binary-computing systems. The latter will come to the market in 2025, offering "more available, useful computational states than any computer in history." As such it should be able to handle the heavier-duty computing loads many clients may not even be envisioning yet.
The analyst community is calling for top-line growth of nearly 80% from IonQ next year following this year's 95% revenue growth.
The quantum computing tailwind is already blowing
It's still not a great stock pick for everyone's portfolio, for the record. IonQ is likely to remain in the red through 2026, with its losses expected to widen rather than contract next year before finally starting to curb in 2025. But even then, don't count on any actual net profits until 2027. The stock's apt to remain volatile and unpredictable until then, and perhaps after that.
Data source: StockAnalysis.com. Chart by author.
If you can stomach the wild ride in the meantime, however, it may well be worth it.
See, although it's a relatively new and somewhat unproven idea, quantum computing is real enough to spur significant growth outlooks. Precedence Research, for instance, believes the quantum computing market will expand at an average annual pace of roughly 37% between last year and 2030, growing from 2022's tally of $10 billion to $125 billion by then. And that outlook jibes with several others.
All of these outlooks are rooted in the same core thesis, though. That's the power and potential of quantum computing itself. It will redefine how the world sees and uses computers, by virtue of doing what conventional computers just can't. It's showing particularly great promise in areas like enhancing artificial intelligence, bolstering cybersecurity, figuring out how and why proteins do what they do, designing better lithium-based batteries for electric vehicles, optimizing traffic flow, and even predicting the weather.
The next big step isn't figuring out how to use subatomic particles to make more computations faster, or even designing algorithms that create useful, actionable data -- that's already been done. The next big step is giving prospective paying customers the tools they need to do something constructive with quantum computing.
The thing is, IonQ is already doing this, too. It's partnered with General Electric to help minimize its exposure to unseen financial risk, and is helping chemical company Dow develop new materials. The U.S. Air Force is already a big customer of the company's as well, helping this arm of the country's armed forces develop better battlefield capabilities. IonQ simply needs to keep explaining the potential of its technology to more prospective customers.
A buy, but only for certain investors
Again, it's not for everyone. Aside from the unpredictability that comes with being a young company operating in a young industry, plugging into the underlying quantum computing trend requires a long-term mindset and a willingness to shrug off short-term swings. That's easier said than done when a stock is suddenly losing a lot of ground for no clear reason.
The bigger-picture thesis is still bullish for long-term investors with an appetite for risk, however.
As was noted, IonQ is the only real pure play in the quantum computing business, and its current market cap of roughly $3 billion is a pittance compared to the quantum computing market's projected growth. Most of that growth will take shape beginning a few years from now, but wise investors know they can't wait until then to jump in since stocks often predict the future rather than reflect the present.
Bottom line? It would be surprising if IonQ shares didn't outperform the S&P 500 in 2024 no matter how well or how poorly the index is due to perform. Just keep in mind IonQ stock will also be far more volatile than the S&P 500 is apt to be in the coming year.
Should you invest $1,000 in IonQ right now?
Before you buy stock in IonQ, 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 IonQ 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
James Brumley has no position in any of the stocks mentioned. 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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While a company called D-Wave was the first to introduce quantum computing to commercial clients and IBM become the first major player to unveil such tech back in 2019, IonQ is arguably the name in the business to take most seriously. The company booked $6.1 million worth of business during the quarter ended in September, more than doubling its top line on a year-over-year basis, and extending a growth trend that's been in place for all of 2023. It's showing particularly great promise in areas like enhancing artificial intelligence, bolstering cybersecurity, figuring out how and why proteins do what they do, designing better lithium-based batteries for electric vehicles, optimizing traffic flow, and even predicting the weather.
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The company booked $6.1 million worth of business during the quarter ended in September, more than doubling its top line on a year-over-year basis, and extending a growth trend that's been in place for all of 2023. IONQ Revenue (Quarterly) data by YCharts IonQ's total bookings jumped by $26.3 million last quarter as well, accelerating to a year-to-date total of $58.4 million. Before you buy stock in IonQ, 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 IonQ wasn't one of them.
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After all, it's also the stock market's "first publicly traded, pure-play quantum computing company," according to the company. As was noted, IonQ is the only real pure play in the quantum computing business, and its current market cap of roughly $3 billion is a pittance compared to the quantum computing market's projected growth. Before you buy stock in IonQ, 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 IonQ wasn't one of them.
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This year hasn't just been a good one for IonQ (NYSE: IONQ) shareholders. The analyst community is calling for top-line growth of nearly 80% from IonQ next year following this year's 95% revenue growth. Before you buy stock in IonQ, 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 IonQ wasn't one of them.
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00a653f8-df54-4820-876e-36ea005092c4
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711646.0
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2023-12-15 00:00:00 UTC
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3 Innovative EV Stocks Stepping Out of Tesla’s Shadow
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DCOMP
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https://www.nasdaq.com/articles/3-innovative-ev-stocks-stepping-out-of-teslas-shadow
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
This challenging year for the electric vehicle (EV) industry is concluding on a positive note. As inflation subsides and consumer confidence improves, many EV stocks continue to rise. The shift to EVs is still in its early innings, with sustained demand growth expected for the long-term. Thus, now is a great time to look for high-growth options that may step out of Tesla’s (NASDAQ:TSLA) shadow in the near future.
U.S. EV sales surpassed 1 million in the first 11 months of 2023, marking a historic milestone. Automakers are now focusing on innovations, such as affordable batteries and new EV models, to further accelerate growth.
Let’s explore three EV stocks poised to benefit from these advancements.
Li Auto (LI)
Source: Robert Way / Shutterstock.com
Li Auto (NASDAQ:LI) reported a sales volume of 10,400 units for the week of December 4, with a weekly total of 13,000 units sold. This performance positioned LI AUTO-W as the top Chinese luxury car brand, securing the 4th place in total sales among new power brands in China.
Recently, Li Auto’s stock dipped from $42 to $35, presenting an opportunity rather than a cause for concern. Smart investors remain focused on Li Auto’s long-term strategies. Those include in-house chip production in Singapore and the development of the AD Max 3.0 autonomous driving platform.
CEO Xiang Li emphasizes the platform’s comprehensive autonomous and assisted driving capabilities. Therefore, investors are encouraged to watch for further advancements as LI solidifies its position in the global new-energy vehicle industry.
Byd Co. (BYDDF)
Source: J. Lekavicius / Shutterstock.com
Byd Co. (OTCMKTS:BYDDF) achieved a milestone by officially outselling Nissan in a calendar month. It reached 301,833 unit sales in October amid strong EV demand in China. And with China’s expected 4% economic growth next year, BYD’s continued sales momentum is likely.
The company’s robust Return on Invested Capital (11.26%) and Return on Equity (23.7%) signal competitive advantage and value for investors. Despite a recent 15% market value decline, the favorable price-to-earnings-growth ratio of 0.11x suggests a potential recovery. Clearly, this makes BYDDF an appealing choice.
Additionally, Byd Co. emerges as a strong rival to Tesla, potentially surpassing Tesla’s delivery figures. With a global presence, BYD delivered 2,079,638 vehicles year to date (YTD), marking a 43% year over year (YOY) increase. The company, the world’s second-largest battery maker, experienced a 142% YOY profit surge in the first nine months of 2023.
Solid Power (SLDP)
Source: T. Schneider / Shutterstock.com
Solid Power (NASDAQ:SLDP) stands out in the solid-state battery sector, actively advancing technology set to transform electric vehicles. Their solid electrolyte design enhances safety and features non-flammable properties. Additionally, it offers increased energy density and longer lifespan, promising a revolutionary shift in EV capabilities.
In Q3 2023, it generated $6.4 million, a significant jump from $2.8 million YOY. Nine-month revenue reached $15.1 million, showing robust growth of $7.5 million. However, increased operating expenses led to an operating loss of $21.5 million and a net loss of $15.1 million. Also, the company met BMW’s requirements, with the German automaker evaluating its potential. The partnership with BMW boosts confidence in SLDP stock, as their powder promises safer, longer-range batteries, marking a positive outlook for Solid Power’s financial performance.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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The post 3 Innovative EV Stocks Stepping Out of Tesla’s Shadow appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The partnership with BMW boosts confidence in SLDP stock, as their powder promises safer, longer-range batteries, marking a positive outlook for Solid Power’s financial performance. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Innovative EV Stocks Stepping Out of Tesla’s Shadow appeared first on InvestorPlace.
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Li Auto (LI) Source: Robert Way / Shutterstock.com Li Auto (NASDAQ:LI) reported a sales volume of 10,400 units for the week of December 4, with a weekly total of 13,000 units sold. Solid Power (SLDP) Source: T. Schneider / Shutterstock.com Solid Power (NASDAQ:SLDP) stands out in the solid-state battery sector, actively advancing technology set to transform electric vehicles. The partnership with BMW boosts confidence in SLDP stock, as their powder promises safer, longer-range batteries, marking a positive outlook for Solid Power’s financial performance.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips This challenging year for the electric vehicle (EV) industry is concluding on a positive note. Li Auto (LI) Source: Robert Way / Shutterstock.com Li Auto (NASDAQ:LI) reported a sales volume of 10,400 units for the week of December 4, with a weekly total of 13,000 units sold. Solid Power (SLDP) Source: T. Schneider / Shutterstock.com Solid Power (NASDAQ:SLDP) stands out in the solid-state battery sector, actively advancing technology set to transform electric vehicles.
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The shift to EVs is still in its early innings, with sustained demand growth expected for the long-term. U.S. EV sales surpassed 1 million in the first 11 months of 2023, marking a historic milestone. And with China’s expected 4% economic growth next year, BYD’s continued sales momentum is likely.
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b444937d-5e07-4d94-9746-a84ec320ec7e
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711647.0
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2023-12-15 00:00:00 UTC
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Viad (VVI) Is Attractively Priced Despite Fast-paced Momentum
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DCOMP
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https://www.nasdaq.com/articles/viad-vvi-is-attractively-priced-despite-fast-paced-momentum
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Viad (VVI) is one of them. Here are the key reasons why this stock is a great candidate.
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 7.9%, the stock of this trade show company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. VVI meets this criterion too, as the stock gained 31.1% over the past 12 weeks.
Moreover, the momentum for VVI is fast paced, as the stock currently has a beta of 1.81. This indicates that the stock moves 81% higher than the market in either direction.
Given this price performance, it is no surprise that VVI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped VVI earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, VVI is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. VVI is currently trading at 0.61 times its sales. In other words, investors need to pay only 61 cents for each dollar of sales.
So, VVI appears to have plenty of room to run, and that too at a fast pace.
In addition to VVI, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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Viad Corp (VVI) : 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 any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, VVI is trading at a reasonable valuation. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped VVI earn a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, VVI is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that VVI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, VVI is trading at a reasonable valuation.
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Given this price performance, it is no surprise that VVI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. VVI is currently trading at 0.61 times its sales. In addition to VVI, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen.
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db43c031-261e-465d-9508-ccd691bc4c55
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711648.0
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2023-12-15 00:00:00 UTC
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The 3 Best Performing Stocks of 2023
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DCOMP
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https://www.nasdaq.com/articles/the-3-best-performing-stocks-of-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After a tough year in the equities space in 2022, the market rebounded quite robustly, warranting a discussion of the best performing stocks of 2023. However, it’s no good to just consider empty statistics. After all, past results are no guarantee of future performance.
So, the real question is, which one of the best-performing stocks of 2023 can still deliver the goods in 2024? No one has a crystal ball and I’m not about to pretend that I have some unique wisdom to share. However, a combination of industry projections and analyst upside ratings provides certain enterprises with a clear edge.
For risk-tolerant speculators, these are the best-performing stocks of 2023 that still have some legs remaining.
DraftKings (DKNG)
Source: Postmodern Studio / Shutterstock.com
What it is: Based in Boston, Massachusetts, DraftKings (NASDAQ:DKNG) is a leading online sports betting and iGaming platform in the U.S. It offers fantasy sports, daily fantasy contests and casino games. Further, it easily qualifies among the best performing stocks of 2023. Since the January opener, DKNG gained over 227% of equity value. Better yet, it might not be done pushing higher.
Relevance: For one thing, DKNG gained more than 3% in the trailing five sessions. So, it’s still showing signs of life. Further, Statista points out that the online sports betting market size in the U.S. will likely hit $7.62 billion by year’s end. Further, experts project that the sector will clock in at a valuation of $15.75 billion by 2028. If so, that would represent a compound annual growth rate (CAGR) of 15.63%.
Pros: Given its leadership position, DKNG should rise with the rest of the market. As support, the company enjoys a massive three-year revenue growth rate of 43.1%. Analysts rate share a strong buy with a $42.05 price target, implying over 16% upside potential.
Cons: As a gambling enterprise, DraftKings is likely extra exposed to the consumer economy, for better or for worse.
Cipher Mining (CIFR)
Source: Yev_1234 / Shutterstock
What it is: You only need to know one name to get excited about Cipher Mining (NASDAQ:CIFR) – Bitcoin (CCC:BTC-USD). I’m biased because I have some exposure to BTC directly. That disclosure aside, the cryptocurrency market has blossomed late this year as the sector recovered from the malaise of 2022. On a fundamental level, then, Cipher’s Bitcoin infrastructure business appears enticing.
Relevance: Again, you only need to know about Bitcoin to drive up sentiment to the moon. That said, in terms of numbers, Precedence Research claims the global crypto mining market size reached a value of $1.92 billion last year. Further, experts project that by 2032, the segment could command a valuation of 12.9%. That would translate to a CAGR of 12.9% from 2023.
Pros: Thanks to the broader enthusiasm, CIFR is one of the best performing stocks of 2023, gaining 303% year-to-date. Even so, analysts rate shares a strong buy with a $5 price target, projecting nearly 94% upside potential.
Cons: While compelling, Cipher’s revenue will likely ebb and flow with the fortunes of the underlying Bitcoin market. Therefore, extra caution is warranted.
Applied Digital (APLD)
Source: Shutterstock
What it is: Based in Dallas, Texas, Applied Digital (NASDAQ:APLD) designs, develops, and operates next-generation data centers across North America. Its mission is to provide digital infrastructure solutions to the rapidly growing high-performing computing (HPC) industry. Investors are impressed with the print so far. Since the beginning of January, APLD gained almost 257%. It’s one of the best-performing stocks of 2023.
Relevance: Fundamentally, Applied Digital benefits from exposure to a burgeoning and sizable industry. According to Allied Market Research, the global data center market reached a valuation of $187.35 billion in 2020. Experts project that by 2030, the segment could hit a value of $517.17 billion. That would translate to a CAGR of 10.5% from 2021 to the culmination point.
Pros: Even though APLD has already beaten up rivals in the equities sector, it could still offer considerable gains. That’s according to Wall Street experts, who rate shares a unanimous strong buy. Also, their average price target stands at $15.25, implying over 132% upside potential.
Cons: Trading at a forward earnings multiple of 26.72x – above the sector median of 13.55x – APLD is extremely overheated.
On the date of publication, Josh Enomoto held a LONG position in BTC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post The 3 Best Performing Stocks of 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.
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Analysts rate share a strong buy with a $42.05 price target, implying over 16% upside potential. Even so, analysts rate shares a strong buy with a $5 price target, projecting nearly 94% upside potential. According to Allied Market Research, the global data center market reached a valuation of $187.35 billion in 2020.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a tough year in the equities space in 2022, the market rebounded quite robustly, warranting a discussion of the best performing stocks of 2023. Even so, analysts rate shares a strong buy with a $5 price target, projecting nearly 94% upside potential. Applied Digital (APLD) Source: Shutterstock What it is: Based in Dallas, Texas, Applied Digital (NASDAQ:APLD) designs, develops, and operates next-generation data centers across North America.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a tough year in the equities space in 2022, the market rebounded quite robustly, warranting a discussion of the best performing stocks of 2023. So, the real question is, which one of the best-performing stocks of 2023 can still deliver the goods in 2024? Relevance: Fundamentally, Applied Digital benefits from exposure to a burgeoning and sizable industry.
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fc4b8e88-2c08-4022-a50e-076f92e7b5b9
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711649.0
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2023-12-15 00:00:00 UTC
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7 Stocks with Strong Insider Buying: December 2023
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https://www.nasdaq.com/articles/7-stocks-with-strong-insider-buying%3A-december-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Many investors are familiar with the idea that there are many reasons why insiders sell shares, but there’s only one reason they buy. Insider buying indicates a belief that a company’s stock is undervalued.
Heavy insider buying should make you curious. When you research the reasons for why insiders are buying it can help reveal a buying thesis you may not have considered. It can also lead you to companies and stocks you may not be that familiar with. But part of investing is being curious. It’s always good to build a watchlist. And stocks with strong insider buying are worth putting on that list.
Insider buying is only one data point that investors should consider before taking a position in a stock. If other metrics are positive, it can also add to your confidence. I recommend using astock screenerto help you quickly create a list of stocks with strong insider buying. Here are seven I’ve been watching.
Bristol-Myers Squibb (BMY)
Source: Piotr Swat / Shutterstock.com
Bristol-Myers Squibb (NYSE:BMY) had two insiders making three buys in the last 90 days. Two of those buys came from Chief Executive Officer (CEO) Christopher Boerner.
The catalyst was likely the announcement of the biotech giant’s licensing deal with SystImmune which could be worth up to $8.4 billion. However, finalizing the deal will only cost Bristol-Myers Squibb $800 million. That’s not a big issue for a company that generated full-year profits in 2022 of around $15 billion.
BMY stock is down 26% in 2023 and is trading near its 52-week low. The key reason is that the company lost patent protection on its popular cancer drug, Remlivid. But with biotechs, you always have to watch the pipeline. The deal with SystImmune only adds to the company’s robust pipeline, specifically in the oncology area.
Bristol-Myers also has a number of cash cows like the blood thinner, Eliquis. And Remlivid still has a patent thicket that leaves it protected for some indications into 2026.
Now is an attractive time to consider BMY stock. It’s trading at just 6.8x forward earnings and has a reliable dividend that currently yields 4.43%.
Occidental Petroleum (OXY)
Source: Pavel Kapysh / Shutterstock.com
I recently put Occidental Petroleum (NYSE:OXY) on a list of stocks to buy if the Federal Reserve managed a soft landing. At that time, I noted that the stock was below the price where Warren Buffett had made two buys earlier this year.
As it turns out, I could’ve waited a couple of days and Buffett would have written the copy for me. In the week of December 11, Buffett’s hedge fund Berkshire Hathaway (NYSE:BRK-B) bought approximately $300 million of OXY stock.
Some of this may be due to the fact that Occidental is in line for a number of green credits. However, I tend to believe that it’s a nod to the idea that oil prices are heading higher.
Occidental recently announced a deal to acquire CrownRock for $12 billion. The deal will immediately improve the company’s free cash flow (FCF) accretion.
Darling Ingredients (DAR)
Source: rafapress / Shutterstock.com
Darling Ingredients (NYSE:DAR) is one of the leading companies in the circular economy and a leading producer of renewable energy, particularly in the areas of renewable diesel and biomethane. The company was named to a list of America’s Most Responsible Companies of 2024 as assessed by Newsweek and Statista.
However, before you ask why the company is listed among stocks with strong insider buying, you need to understand why the stock is being sold. DAR stock is down 19% in 2023 and currently trades at $49.99, 65% below the analysts’ consensus price target of $83.60.
The most likely culprit is lackluster earnings. The company has missed on the top and bottom lines on several occasions in 2023. And in the company’s most recent quarter revenue and earnings were lower year-over-year.
In the last three months, five different insiders have made six purchases. So what’s the buy case? While there’s no single news item to drive shares higher, it’s clear that market sentiment has changed. DAR stock is up 18% in the last month. That coincides with a 5% drop in short interest in the last month.
Funko (FNKO)
Source: Lutsenko_Oleksandr / Shutterstock.com
Funko (NASDAQ:FNKO) is the maker of a variety of pop culture-inspired products ranging from media and entertainment content to fashion accessories under brand names such as Pop!, Funko, and Popsies. You can even turn yourself into a Pop! Vinyl character.
The company makes this list of stocks with strong insider buying because of seven purchases made by one insider group in the last three months. Normally, this doesn’t tell investors much. However, it did bring the percentage of insider ownership in FNKO stock over 10%, which is significant for a company with a market cap of just over $375 million as of this writing. It also correlates nicely to the fact that institutions hold 89% of the stock. That’s also good for retail investors to see.
There’s risk in FNKO stock, but that’s true of many small-cap stocks. I’d like to make sure the company’s earnings picture is truly turning around. It may take a few quarters for confirmation. But I wouldn’t count out the impact Funko is having in the collectibles culture.
Westrock Coffee (WEST)
Source: Evgeny Karandaev/ShutterStock.com
Westrock Coffee (NASDAQ:WEST) is another small-cap stock on this list of stocks with strong insider buying. The company has seen six buys in the last three months from co-founder and chairman Joe Ford. WEST shares are down about 29% in 2023.
However, that may be a little deceptive. The company went public as a special purpose acquisition company (SPAC) stock in October 2022. From that perspective, the stock is actually holding up well despite declining revenue due to falling coffee prices.
Westrock operates in the very competitive coffee industry. The industry has been a laggard due to those falling coffee prices. However, that’s expected to turn around in the next two years. Which may allow investors to focus more on the ways the company is appealing to a younger coffee drinker with initiatives like its Farmer Direct Verified (FDV) program that helps “enable digital traceability from farm to the finished products across all beverage platforms.”
STAAR Surgical (STAA)
Source: THICHA SATAPITANON / Shutterstock
STAAR Surgical (NASDAQ:STAA) has one of the largest amount of insider buys in the last three months with 12. Ideally investors would like to see this coming from more than two major shareholders. But it should make you curious to find out why?
The company’s earnings are down year-over-year, but this is still a profitable company that continues to generate significant revenue. STAAR Surgical is the leading provider of implantable collamer lenses (ICLs).
In its most recent investor presentation, the company issued a forecast in which it “expects to sell more ICLs in the next three years than the first 25 years of ICL sales combined.”
Currently, just over 1% of STAAR surgical stock is owned by insiders, but 96% of STAA stock is owned by institutional investors so there may not be much float available. Still, speculative investors may see this as a case of a small-cap stock that’s been dragged down by association.
Neumora Therapeutics (NMRA)
Source: ra2 studio/Shutterstock
With a $2.23 billion market cap, Neumora Therapeutics (NASDAQ:NMRA) is just into mid-cap territory. NMRA stock has only been trading publicly since September 2023. That alone may make you want to wait before jumping in. But you should know that four insiders have made 17 stock purchases in the last three months, making NMRA stock one of the stocks with the heaviest insider buying.
This is a small biotech company that is in the pre-revenue stage. Their goal is to deliver next generation novel therapies for patients suffering from brain disease. The company’s lead candidate is Navacaprant (NMRA-140) to treat Major Depressive Disorder is in Stage 3 clinical trials.
Results are expected in the back half of 2024. So it may still be a year before revenue is coming in the door. But if you believe in the company’s ability to bring the drug to market, now is the time to build your position.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
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The post 7 Stocks with Strong Insider Buying: December 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the week of December 11, Buffett’s hedge fund Berkshire Hathaway (NYSE:BRK-B) bought approximately $300 million of OXY stock. Which may allow investors to focus more on the ways the company is appealing to a younger coffee drinker with initiatives like its Farmer Direct Verified (FDV) program that helps “enable digital traceability from farm to the finished products across all beverage platforms.” STAAR Surgical (STAA) Source: THICHA SATAPITANON / Shutterstock STAAR Surgical (NASDAQ:STAA) has one of the largest amount of insider buys in the last three months with 12. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Stocks with Strong Insider Buying: December 2023 appeared first on InvestorPlace.
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Occidental Petroleum (OXY) Source: Pavel Kapysh / Shutterstock.com I recently put Occidental Petroleum (NYSE:OXY) on a list of stocks to buy if the Federal Reserve managed a soft landing. Westrock Coffee (WEST) Source: Evgeny Karandaev/ShutterStock.com Westrock Coffee (NASDAQ:WEST) is another small-cap stock on this list of stocks with strong insider buying. Neumora Therapeutics (NMRA) Source: ra2 studio/Shutterstock With a $2.23 billion market cap, Neumora Therapeutics (NASDAQ:NMRA) is just into mid-cap territory.
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However, before you ask why the company is listed among stocks with strong insider buying, you need to understand why the stock is being sold. In its most recent investor presentation, the company issued a forecast in which it “expects to sell more ICLs in the next three years than the first 25 years of ICL sales combined.” Currently, just over 1% of STAAR surgical stock is owned by insiders, but 96% of STAA stock is owned by institutional investors so there may not be much float available. But you should know that four insiders have made 17 stock purchases in the last three months, making NMRA stock one of the stocks with the heaviest insider buying.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Many investors are familiar with the idea that there are many reasons why insiders sell shares, but there’s only one reason they buy. The company makes this list of stocks with strong insider buying because of seven purchases made by one insider group in the last three months. But you should know that four insiders have made 17 stock purchases in the last three months, making NMRA stock one of the stocks with the heaviest insider buying.
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7c08b757-86de-4767-b441-548f3159318b
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711650.0
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2023-12-15 00:00:00 UTC
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Are November’s 3 Biggest Stock Losers Worth Snapping Up Now?
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DCOMP
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https://www.nasdaq.com/articles/are-novembers-3-biggest-stock-losers-worth-snapping-up-now
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Buy low, sell high. It’s an investing mantra drummed into our heads from the moment we start buying stocks. But it’s not easy to do. When our stocks start falling, the first inclination for many investors is to sell. We no longer see them as turnaround stock picks. These are the biggest stock losers that turned it around and are now worthy of your investment.
Yet if you liked the stock at $20 a share, you should love it at half price. We like buying shirts when they go on sale, but we have an aversion to buying stocks when they give us the equivalent of a buy one, get one free discount.
Although we should aim to hold our stocks for the long-term, there are times when it makes sense to sell quickly. Even Warren Buffett who professes a buy-and-hold mentality, sometimes dumps shares soon after buying them. He bought boatloads of Taiwan Semiconductor Manufacturing (NYSE:TSM) stock early last year only to completely sell off his stake less than a year later. That hardly seems to be the actions of someone who once said, “the best time to sell is never.”
Yet Buffett will sell when his investment thesis is broken. He never really said why he quickly moved into and out of the semiconductor stock, but saber-rattling between China and the U.S. over Taiwan could have been a motivating factor.
What follows are three stocks that crashed and burned in November. Shares fell 33% or more for the month. Is now the time to scoop them up in hopes of a major recovery? Let’s dig in to see whether there is hope for a turnaround or if they deserve to be the biggest stock losers.
ECARX Holdings (ECX)
Source: Shutterstock
Digital cockpit supplier ECARX Holdings (NASDAQ:ECX) saw its stock tumble 33% in November despite reporting rising sales, narrower losses, and a plan to become profitable in the next few years. There are 5.6 million vehicles on the road with ECARX technology in them and it has several new customer wins under its belt. The direction ECX stock is taking seems counterintuitive for the improvements being reported.
The problem for ECARX is that most of its gains are mostly through related-party transactions. The auto parts stock is closely affiliated with the Chinese automaker Geely (OTCMKTS:GELYF). Most of its sales have been to Geely. ECARX co-founder Eric Li also the founder of Geely and head of several Geely-related automakers including Volvo (OTCMKTS:VLVLY) and electric vehicle (EV) maker Polestar (NASDAQ:PSNY).
Many of the new customer wins were to Volvo and Polestar. Although ECARX is trying to expand beyond Geely’s orbit, it’s having difficulty going beyond the Chinese automaker’s gravitational pull. Even when it does score deals with international carmakers such as Mazda (OTCMKTS:MZDAY) and Stellantis (NYSE:STLA), it’s for vehicles being made for the Chinese market. Its partnership with Mobileye (NASDAQ:MBLY) to develop a fully integrated driver-assist solution is for the Polestar 4 SUV.
The China market is a large and growing one, but the tight circle ECARX travels in is a risk. So far it’s unable to capitalize on its global ambitions. Still, ECARX business is growing so it might be worthy of investor attention at these valuations. However, don’t buy a big tranche of stock. Only put a small amount in the high-risk section of your portfolio. Once its in your portfolio, you will see why it was worth it despite being one of the biggest stock losers.
Acelyrin (SLRN)
Source: Shutterstock
Biotech Acelyrin (NASDAQ:SLRN) was severely kneecapped in September after reporting disappointing results in a clinical trial evaluating the efficacy of its experimental lead drug, izokibep. The inflammatory skin disease therapy did not meet statistical significance in a phase 2b/3 trial. That took Acelyrin’s stock from around $28 a share down to about $12 a stub.
They tumbled again in late November after the biotech said the earlier failure was due to a programming error in clinical trial protocols by a vendor of its contract research organization (CRO) for the programming error. Acelyrin is trying to take on pharma giants Eli Lilly (NYSE:ELY) and Novartis (NYSE:NVS) whose Taltz and Consentyx, respectively, dominate the market. Acelyrin was down 34% for the month as a result.
The CRO is Fortrea Holdings (NASDAQ:FTRE) that was recently spun off from Labcorp. It disputed some of the allegations made by Acelyrin, and was conducting an audit of the issue as was the biotech. Acelyrin, though, has said it will never use Fortrea again for any of its trials. It may also transition its existing trials to a new CRO as well.
The rough and tumble of biotech testing makes investing in such stocks a crapshoot as it is. Major failures like this can be devastating, particularly with a newly IPO’d stock like Acelyrin. Because it’s hard to know whether the CRO’s programming error was the cause of the trial failure or the drug itself didn’t live up to is promise, it’s hard to recommend an investment in SLRN stock even at these depressed levels. This one easily earned its spot on our list of the biggest stock losers worth grabbing now.
Fisker (FSR)
Source: Ringo Chiu / Shutterstock.com
Luxury EV maker Fisker (NYSE:FSR) is another stock that was already heading to the cellar before November hit. It only continued its path lower during the month, dropping another 65%. The slide began last month after reporting another quarter of disappointing earnings. It snowballed further after the EV’s chief accounting officer resigned just two weeks after accepting the job. It serves as a warning sign to investors.
Fisker struggled to sell its cars in the third quarter. While it delivered 1,097 vehicles for the period revenue was still far below what analysts expected. However, it sold more in October than at any time during the rest of the quarter. Yet Fisker generated $71.8 million in sales, a far cry from the $109 million Wall Street was looking for. Losses of $0.27 per share were also much worse than the $0.19 per share analysts forecast.
Perhaps worse for the automaker was it cutting its production target for the full year. Where it had originally guided towards producing 20,000 vehicles this year, it slashed it to a range of 13,000 to 17,000 vehicles.
It’s tough to sugarcoat Fisker’s dire situation. The EV maker is rapidly burning through the little cash it has on hand. At the end of the third quarter, Fisker had $527 million in cash and equivalents but operating activities used $308 million. It was also almost $1.2 billion in debt.
Fisker says it raised $450 million in cash during the quarter and was waiting on $50 million in VAT receivables. It also has some $550 million available in gross proceeds from a convertible notes transaction.
Fisker might not go bankrupt (again) anytime soon, but that doesn’t make it a stock to put your money into. If you are looking for the biggest stock losers that you should grab now, this one is perfect.
On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.
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The post Are November’s 3 Biggest Stock Losers Worth Snapping Up Now? appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ECARX co-founder Eric Li also the founder of Geely and head of several Geely-related automakers including Volvo (OTCMKTS:VLVLY) and electric vehicle (EV) maker Polestar (NASDAQ:PSNY). Even when it does score deals with international carmakers such as Mazda (OTCMKTS:MZDAY) and Stellantis (NYSE:STLA), it’s for vehicles being made for the Chinese market. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Are November’s 3 Biggest Stock Losers Worth Snapping Up Now?
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ECARX Holdings (ECX) Source: Shutterstock Digital cockpit supplier ECARX Holdings (NASDAQ:ECX) saw its stock tumble 33% in November despite reporting rising sales, narrower losses, and a plan to become profitable in the next few years. ECARX co-founder Eric Li also the founder of Geely and head of several Geely-related automakers including Volvo (OTCMKTS:VLVLY) and electric vehicle (EV) maker Polestar (NASDAQ:PSNY). Acelyrin (SLRN) Source: Shutterstock Biotech Acelyrin (NASDAQ:SLRN) was severely kneecapped in September after reporting disappointing results in a clinical trial evaluating the efficacy of its experimental lead drug, izokibep.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Buy low, sell high. ECARX Holdings (ECX) Source: Shutterstock Digital cockpit supplier ECARX Holdings (NASDAQ:ECX) saw its stock tumble 33% in November despite reporting rising sales, narrower losses, and a plan to become profitable in the next few years. Fisker (FSR) Source: Ringo Chiu / Shutterstock.com Luxury EV maker Fisker (NYSE:FSR) is another stock that was already heading to the cellar before November hit.
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These are the biggest stock losers that turned it around and are now worthy of your investment. Acelyrin, though, has said it will never use Fortrea again for any of its trials. Fisker struggled to sell its cars in the third quarter.
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2023-12-15 00:00:00 UTC
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The 3 Most Undervalued EV Stocks to Buy in December
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The surge in electric vehicle (EV) stocks, particularly undervalued EV stocks, is as palpable as ever. This booming sector, bolstered by countries offering incentives to boost EV adoption, is not just about environmental stewardship, but represents a nexus of innovation and advanced technology. With automakers committing an impressive $1.2 trillion to EVs and batteries by 2030, the EV market is a hotbed of investment opportunities.
Yet, some EV stocks haven’t surged in popularity as investor’s would’ve hoped, leaving investors questioning their potential. This puzzle highlights the sector’s rapidly evolving nature, while some companies lag, others are just revving up. Evaluating the sector’s rapid growth from today’s standpoint might not fully capture its future trajectory. However, this uncertainty masks the latent promise of emerging players in the EV space. Astute investors eyeing the clean energy trend have a chance to discover these hidden gems. For those willing to look beyond the obvious, these three stocks offer a gateway to participate in the transformative journey of the EV sector.
General Motors (GM)
Source: Katherine Welles / Shutterstock.com
General Motors (NYSE:GM) has navigated through a turbulent year, presenting a unique opportunity for long-term investors. Despite facing challenges, the company posted a revenue bump to $44.13 billion, a 5% increase, though its net income saw a 7% dip to $3.06 billion. These figures reflect GM’s adaptability and strategic emphasis on sustainable growth amidst market fluctuations.
In a bold move, GM is gearing up to launch seven Ultium-based EVs by the end of 2023, including the Chevy Blazer EV and Cadillac LYRIQ. Moreover, the company’s collaboration with Pilot Company and EVgo (NASDAQ: EVGO) to build a nationwide EV charging network. These prospects underscore its dedication to enhancing EV infrastructure and boosting EV adoption.
GM’s financials are compelling, with the company trading at a forward price-to-sales ratio of 0.27 times, roughly 69% below the sector median. Moreover, its stock trades at a forward price-to-book ratio of just 0.62 times, underscoring its undervalued status at 75% lower than the sector median of 2.48 times.
Li Auto (LI)
Source: Robert Way / Shutterstock.com
Li Auto (NASDAQ: LI) stands out in the EV sector, defying market volatility with remarkable growth. In a striking display of progress, the company reported a delivery of 34,914 vehicles in August, marking a 663% year-over-year increase. October saw an even more impressive milestone, with a record 40,422 New Energy Vehicles delivered, the first time Li Auto surpassed 40,000 in a single month.
Financially, Li Auto shines with its third-quarter results, boasting a 271.2% surge in year-over-year revenue and a 296% rise in annual vehicle deliveries. Despite a higher valuation at 2.48 times sales compared to peers, the shift from negative to positive cash flow signifies the company’s significant financial turnaround and long-term growth potential.
February 2024 is set to be a milestone for Li Auto with the launch of its flagship car, the Li MEGA. This introduction, combined with a strategic retail expansion in China, positions the company for heightened delivery growth. If you are looking for undervalued EV stocks, start here.
Toyota Motors (TM)
Source: josefkubes / Shutterstock.com
Toyota Motors (NYSE:TM) has adeptly navigated the evolving automotive landscape by investing across the full spectrum of energy options. This strategic diversification has helped Toyota avoid the challenges faced by pure EV manufacturers. The company’s sound decision-making is reflected in its financials, with operating profit soaring to $9.5 billion, more than double the previous year, driven largely by a global surge in demand for its hybrids.
Moreover, its partnership with BYD (OTCMKTS: BYDDF) to develop an electric sedan highlights its commitment to expanding its EV portfolio. Additionally, Toyota’s Beyond Zero campaign demonstrates its dedication to sustainable transportation, offering a broad range of low and zero-emissions vehicles.
Furthermore, Toyota is embracing cutting-edge technologies, such as Vehicle-to-Grid (V2G), exemplified by its collaboration with Oncor Electric Delivery in Texas. Given its strategic innovations and solid financials, with TM stock trading at 0.92 times sales and 9.02 times forward earnings, Toyota represents an attractive investment opportunity in the automotive sector. This one easily earned its spot on our list of undervalued EV stocks.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post The 3 Most Undervalued EV Stocks to Buy in December appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite a higher valuation at 2.48 times sales compared to peers, the shift from negative to positive cash flow signifies the company’s significant financial turnaround and long-term growth potential. The company’s sound decision-making is reflected in its financials, with operating profit soaring to $9.5 billion, more than double the previous year, driven largely by a global surge in demand for its hybrids. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued EV Stocks to Buy in December appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The surge in electric vehicle (EV) stocks, particularly undervalued EV stocks, is as palpable as ever. Toyota Motors (TM) Source: josefkubes / Shutterstock.com Toyota Motors (NYSE:TM) has adeptly navigated the evolving automotive landscape by investing across the full spectrum of energy options. Given its strategic innovations and solid financials, with TM stock trading at 0.92 times sales and 9.02 times forward earnings, Toyota represents an attractive investment opportunity in the automotive sector.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The surge in electric vehicle (EV) stocks, particularly undervalued EV stocks, is as palpable as ever. Li Auto (LI) Source: Robert Way / Shutterstock.com Li Auto (NASDAQ: LI) stands out in the EV sector, defying market volatility with remarkable growth. Given its strategic innovations and solid financials, with TM stock trading at 0.92 times sales and 9.02 times forward earnings, Toyota represents an attractive investment opportunity in the automotive sector.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The surge in electric vehicle (EV) stocks, particularly undervalued EV stocks, is as palpable as ever. Despite facing challenges, the company posted a revenue bump to $44.13 billion, a 5% increase, though its net income saw a 7% dip to $3.06 billion. Given its strategic innovations and solid financials, with TM stock trading at 0.92 times sales and 9.02 times forward earnings, Toyota represents an attractive investment opportunity in the automotive sector.
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2023-12-15 00:00:00 UTC
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Space Race Winners: 3 Stocks Leading the Galactic Charge
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https://www.nasdaq.com/articles/space-race-winners%3A-3-stocks-leading-the-galactic-charge
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The space industry is experiencing immense growth as global interest in space exploration increases. Analysts forecast the market may top $1 trillion within the next decade, and it presents an opportunity for investors to capitalize on the industry’s expansion. As technology evolves, the industry creates opportunities for organizations across transportation, communications, defense and more. That said, the development of space tech comes with considerable risks. That said, space stocks merit consideration for those pursuing long-term portfolio growth and willing to accept some volatility.
In this post, we’ve highlighted the top three space stocks. We’ll analyze their finances, performance and why they are the top space stocks to buy right now.
Teledyne Technologies Incorporated (TDY)
Source: Michael Vi / Shutterstock.com
Teledyne Technologies (NYSE:TDY) is the first space stock on the list. The company has been around for more than 63 years and is headquartered in California. Today, they provide modern technologies for growth markets like Aerospace and Defense across the United States, Canada and Europe.
Today, Teledyne focuses on advanced aerospace systems and solutions—like aircraft electronics, defense systems and satellite tech—while also serving markets including factory automation, environmental tracking and pharma research.
Recently, Teledyne strengthened its market position by acquiring Xena Networks. This acquisition of a leading provider of high-speed networking test solutions represents a valuable addition to Teledyne’s current offerings.
In Q3, Teledyne Technologies reported net revenue of $1.4 billion, a 2.9% increase compared to the same quarter of last year. Meanwhile, net income came in at $198.6 million, an 11.4% increase YoY. Analysts are also confident in Teledyne, rating it as a “Strong Buy” with a high target price estimate of $495, representing about a 21% upside potential from its current price.
Leidos, Inc. (LDOS)
Source: Dima Zel / Shutterstock.com
The next space stock on the list to buy is Leidos Holdings, Inc. (NYSE:LDOS). Leidos is a $19.55 billion company headquartered in Reston, Virginia. The company provides services to the U.S. government and commercial customers. Originally founded more than 54 years ago as Science Applications Internal Corporation, Leidos merged with Lockheed Martin Information System & Global Solutions Business (IS & GS) in 2016.
Today, Leidos works with the Department of Defense, Department of Homeland Security, Intelligence Community and other federal agencies, focusing on aerospace, defense, information technology and biomedical research.
A recent example that boosted Leidos’ reputation was the successful deployment of its customized Air Traffic Management system SkyLine-XTM in New Zealand, demonstrating its ability to provide modern solutions for infrastructure needs.
Leidos revenue was $3.92 billion for the third quarter, a 9% increase from last year. However, the company reported a net loss of $396 million. This was mainly due to impairment and restructuring charges related to the Security Enterprise Solutions unit. On the bright side, Leido’s third-quarter adjusted EBITDA rose 21%. Meanwhile, non-GAAP net income climbed 28% or $2.03 per share YoY.
On top of that, analysts have issued Leidos a “Strong Buy” rating with a $136 high price target, representing about a 25% upside from its current trading price.
Planet Labs PBC (PL)
Source: KeyFame / Shutterstock.com
The last space stock to buy on the list is Planet Labs PBC (NYSE:PL). Planet Labs is an Earth-imaging company that has been around for more than 13 years. The company has an important yet interesting mission: to capture daily images of the Earth.
Planet Labs uses small satellites called “Doves,” which are Triple-CubeSat miniature satellites equipped with high-powered telescopes and cameras to achieve this mission. The “Doves” go up as secondary payloads on rocket missions, and once in orbit, they continuously scan the Earth, which provides Planet Labs with up-to-date satellite imagery. The images support applications like climate monitoring, crop yield prediction, urban planning, and disaster relief.
PL reported solid third-quarter financial results, with revenue increasing 11% year-over-year to $55.4 million, with a 94% recurring annual contract value. Planet Lab’s customer base grew 13% in the same quarter to 976 customers. EPS also beat estimates by 13.33%, and analysts also issued the company a “Strong Buy” rating with a high price target of $5.5, representing an upside of around 114% from its current share price.
On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.
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The post Space Race Winners: 3 Stocks Leading the Galactic Charge appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Originally founded more than 54 years ago as Science Applications Internal Corporation, Leidos merged with Lockheed Martin Information System & Global Solutions Business (IS & GS) in 2016. A recent example that boosted Leidos’ reputation was the successful deployment of its customized Air Traffic Management system SkyLine-XTM in New Zealand, demonstrating its ability to provide modern solutions for infrastructure needs. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The space industry is experiencing immense growth as global interest in space exploration increases. On top of that, analysts have issued Leidos a “Strong Buy” rating with a $136 high price target, representing about a 25% upside from its current trading price. Planet Labs PBC (PL) Source: KeyFame / Shutterstock.com The last space stock to buy on the list is Planet Labs PBC (NYSE:PL).
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The space industry is experiencing immense growth as global interest in space exploration increases. Teledyne Technologies Incorporated (TDY) Source: Michael Vi / Shutterstock.com Teledyne Technologies (NYSE:TDY) is the first space stock on the list. Planet Labs PBC (PL) Source: KeyFame / Shutterstock.com The last space stock to buy on the list is Planet Labs PBC (NYSE:PL).
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In Q3, Teledyne Technologies reported net revenue of $1.4 billion, a 2.9% increase compared to the same quarter of last year. Leidos revenue was $3.92 billion for the third quarter, a 9% increase from last year. Planet Labs PBC (PL) Source: KeyFame / Shutterstock.com The last space stock to buy on the list is Planet Labs PBC (NYSE:PL).
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2023-12-15 00:00:00 UTC
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The 3 Most Undervalued Penny Stocks to Buy in December
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https://www.nasdaq.com/articles/the-3-most-undervalued-penny-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
We cannot end the year without adding a few penny stocks to our portfolio to take advantage of the opportunities coming up in the next cycle. Of course, we must rely on our investment thesis and our own analysis, but here I am to tell you a little about these undervalued penny stocks that are worth analyzing and evaluating to add to our portfolio. Let’s take a brief look.
PAVmed (PAVM)
Source: venusvi / Shutterstock.com
PAVmed (NASDAQ:PAVM) is making waves as one of the undervalued penny stocks in the medical diagnostics field, with a particular focus on its subsidiary, Lucid Diagnostics.
The latest financials reveal third-quarter 2023 revenues of $0.8 million, but operating expenses, including share-based costs, came in at $16.3 million, resulting in a net loss of about $17.7 million.
On November 16, 2023, Lucid Diagnostics announced significant additions to its team, welcoming Natalie S. Carfora and James M. Fricchione as Vice Presidents of Market Access and Employer Markets. Shaun M. O’Neil assumes the role of President and COO of Lucid.
He will focus on driving payer coverage of EsoGuard and securing direct contracts, crucial to translating test volume growth into revenue. Lucid President and CEO Lishan Aklog expressed his enthusiasm for the expertise and coordination these additions bring to market access efforts.
Lucid Diagnostics introduced EsoGuard 2.0, the next-generation esophageal DNA test for precancer detection. Improved assay performance and reduced validation study costs are a major step forward.
Imperial Petroleum (IMPP)
Source: ImagineStock / Shutterstock.com
Imperial Petroleum (NASDAQ:IMPP), a Greece-based shipping company, is gaining attention as one of the undervalued penny stocks worth considering for your investment portfolio. The company, which has a fleet of vessels, specializes in shipping vital resources such as petroleum products, crude oil and dry bulk commodities.
Despite facing challenges such as seasonal factors and scheduled maintenance affecting operating days, Imperial Petroleum recorded net income of $12.1 million in the third quarter of 2023, equivalent to $0.56 per share, demonstrating stable financial performance.
The company’s strategic financial decisions, including a share repurchase program and the repurchase of warrants, underscore its commitment to enhancing shareholder value. Imperial Petroleum’s diversified operating strategy is evident in its 70.5% fleet operating utilization in the third quarter of 2023, with 2% of fleet days dedicated to spot activity.
Notably, the company has a strong financial position with cash and equivalents totaling $125.9 million at September 30, 2023, significantly exceeding its current market capitalization.
Recent news further highlights its positive trajectory. The company repurchased more than one million shares of common stock, demonstrating confidence in its own value. In addition, a strategic move involved the repurchase of 2.58 million outstanding warrants to effectively manage its capital structure.
Financial results for the third quarter of 2023, which included revenues of $29.4 million and EBITDA of $13.9 million, highlight the company’s resilience in a challenging operating environment.
Imperial Petroleum’s commitment to shareholder value is underscored by the declaration of a dividend on its Series A Preferred Stock, emphasizing its dedication to rewarding investors.
Performance Shipping (PSHG)
Source: VladSV / Shutterstock.com
Performance Shipping (NASDAQ:PSHG) is a global tanker-owning shipping line, primarily focused on freight transportation.
In the third quarter of 2023, they posted net income of $10.4 million, a slight decrease from the previous year. However, the company’s earnings per share for the same period were $0.88 (basic) and $0.27 (diluted), indicating a resilient performance.
Revenue for the third quarter of 2023 totaled $24.1 million, up from $22.1 million in 2022, driven by higher ownership days despite a slight decline in time charter equivalent rates.
Notably, net cash generated from operating activities totaled $17.9 million, up significantly from $11.8 million in the third quarter of 2022.
In a strategic move to enhance shareholder value, the company completed a $2 million share repurchase plan and initiated a new plan to repurchase up to $2 million of its outstanding common stock.
This reflects a commitment to optimize shareholder returns. In addition, Performance Shipping successfully refinanced its existing credit facility, securing a revolving credit facility (RCF) of up to USD 20,000,000 with Nordea Bank Abp. This not only extends the maturity date of the loan, but also provides financial flexibility and potential cost savings.
These positive developments, together with the company’s strong financial results, make Performance Shipping Inc. an interesting option as an undervalued penny stock for possible inclusion in an investment portfolio.
As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Gabriel Osorio is a former Goldman Sachs and Citigroup employee. He possesses discipline in bottom-up value investing and volatility-based long/short equities trading.
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The post The 3 Most Undervalued Penny Stocks to Buy in December appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite facing challenges such as seasonal factors and scheduled maintenance affecting operating days, Imperial Petroleum recorded net income of $12.1 million in the third quarter of 2023, equivalent to $0.56 per share, demonstrating stable financial performance. Notably, the company has a strong financial position with cash and equivalents totaling $125.9 million at September 30, 2023, significantly exceeding its current market capitalization. These positive developments, together with the company’s strong financial results, make Performance Shipping Inc. an interesting option as an undervalued penny stock for possible inclusion in an investment portfolio.
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Imperial Petroleum (IMPP) Source: ImagineStock / Shutterstock.com Imperial Petroleum (NASDAQ:IMPP), a Greece-based shipping company, is gaining attention as one of the undervalued penny stocks worth considering for your investment portfolio. Despite facing challenges such as seasonal factors and scheduled maintenance affecting operating days, Imperial Petroleum recorded net income of $12.1 million in the third quarter of 2023, equivalent to $0.56 per share, demonstrating stable financial performance. Performance Shipping (PSHG) Source: VladSV / Shutterstock.com Performance Shipping (NASDAQ:PSHG) is a global tanker-owning shipping line, primarily focused on freight transportation.
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The latest financials reveal third-quarter 2023 revenues of $0.8 million, but operating expenses, including share-based costs, came in at $16.3 million, resulting in a net loss of about $17.7 million. Imperial Petroleum (IMPP) Source: ImagineStock / Shutterstock.com Imperial Petroleum (NASDAQ:IMPP), a Greece-based shipping company, is gaining attention as one of the undervalued penny stocks worth considering for your investment portfolio. In a strategic move to enhance shareholder value, the company completed a $2 million share repurchase plan and initiated a new plan to repurchase up to $2 million of its outstanding common stock.
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Imperial Petroleum (IMPP) Source: ImagineStock / Shutterstock.com Imperial Petroleum (NASDAQ:IMPP), a Greece-based shipping company, is gaining attention as one of the undervalued penny stocks worth considering for your investment portfolio. Financial results for the third quarter of 2023, which included revenues of $29.4 million and EBITDA of $13.9 million, highlight the company’s resilience in a challenging operating environment. As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
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2023-12-14 00:00:00 UTC
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On Holding vs. Lululemon: Which Premium Activewear Stock Will Be the Winner in 2024?
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https://www.nasdaq.com/articles/on-holding-vs.-lululemon%3A-which-premium-activewear-stock-will-be-the-winner-in-2024
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It looked for a brief moment like office wear was making a comeback and casual wear would go to the back of your closet. But although some people are wearing suits to the office again, athleisure isn't going anywhere. Actually, it's going everywhere, beyond the gym. Many clothing companies are joining the fray, but some are making a bigger splash.
Lululemon Athletica (NASDAQ: LULU) was one of the first ones on the scene and is dominating the premium activewear industry. On Holding (NYSE: ONON), however, is making a formidable challenge as a top premium brand. Let's see which one could win in 2024.
The case for Lululemon: High brand awareness
Lululemon helped create the athleisure trend through its popular yoga pants and now full collection of apparel, accessories, and most recently, women's footwear. It's taken the fitness community by storm and engaged fans with content, classes, and branding that says "We get you."
It also markets clothing that's highly unseasonal, which means it doesn't have to mark down prices at the end of a season. Combined with an upscale clientele that can pay for better products, that has led to a high full-price sales rate, which in turn leads to expanding margins and increasing profits. Lululemon's operating margins are unbeatable in the industry compared to On as well as giant competitors like Nike, Under Armour, and Adidas.
LULU Operating Margin (Quarterly) data by YCharts
It's still growing sales quickly as well.
METRIC Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Sales growth 28% 30% 24% 18% 19%
Data source: Lululemon quarterly reports. All increases are year over year.
Its brand awareness is already high in the U.S., and it's leveraging that awareness into engagement and sales growth. And it's focusing on increasing its share in international markets, as well as in men's products and digital. Revenue increased 12% year over year in the U.S. in its third quarter (ended Oct. 29), but international sales increased 49%, and there's a long growth runway in those markets.
Lululemon stock has crushed the market over the past five years, with a 330% increase versus 75% for the S&P 500. Trends continue to work in its favor, or better said, it's helping to drive trends that benefit its brand, and that's likely to continue into 2024.
The case for On Holding: Low brand awareness
Conversely, I would argue that it's specifically On's lower, but growing, brand awareness that gives it so much potential to be a market-beating stock in 2024. On has high brand awareness in its home country of Switzerland, but even there it has plenty of room to grow. In other countries, it's still building its name.
Image source: On Holding.
On has positioned itself as a premium activewear brand with pricing similar to Lululemon. But it's taking a page from the Nike playbook, with a group of high-profile brand ambassadors in various sports. It has caught on with legions of fans willing to pay for the comfort and performance that come along with its footwear, but it has also developed a full line of branded apparel and accessories.
It has been reporting incredible growth since going public in 2021.
METRIC Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Sales growth 50% 92% 78% 52% 47%
Data source: On quarterly reports. Growth is year over year.
It's feeling some pressure from inflation, but it targets an affluent and resilient customer base that can manage better through inflation than the general public can. As inflation looks like it's moderating, growth should begin to accelerate again.
What's exciting about On's potential is that along with high growth, it has posted positive net income for the past three consecutive quarters, and its gross profit beats all of its large competitors, including Lululemon.
ONON Gross Profit Margin (Quarterly) data by YCharts
On stock isn't cheap. It trades at a forward price-to-earning ratio of 34. But it deserves some premium for its fantastic growth and potential. And it's cheaper than Lululemon, which trades at a forward price-to-earning ratio of 35.
Which will be the winner in 2024?
Both of these stocks could be massive winners in 2024. Lululemon is more reliable, having already demonstrated its brand power and robust profitability. It's the better buy for risk-averse investors, and it's on my list as one of the 10 top stocks for 2024.
But if you have an appetite for some risk, consider buying On stock. It could turn out to be a multi-bagger, and this is the opportunity to get in early.
Should you invest $1,000 in Lululemon Athletica right now?
Before you buy stock in Lululemon Athletica, 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 Lululemon Athletica 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 the S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lululemon Athletica, Nike, and Under Armour. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. 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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Combined with an upscale clientele that can pay for better products, that has led to a high full-price sales rate, which in turn leads to expanding margins and increasing profits. It has caught on with legions of fans willing to pay for the comfort and performance that come along with its footwear, but it has also developed a full line of branded apparel and accessories. What's exciting about On's potential is that along with high growth, it has posted positive net income for the past three consecutive quarters, and its gross profit beats all of its large competitors, including Lululemon.
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The case for Lululemon: High brand awareness Lululemon helped create the athleisure trend through its popular yoga pants and now full collection of apparel, accessories, and most recently, women's footwear. Sales growth 28% 30% 24% 18% 19% Data source: Lululemon quarterly reports. ONON Gross Profit Margin (Quarterly) data by YCharts On stock isn't cheap.
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The case for Lululemon: High brand awareness Lululemon helped create the athleisure trend through its popular yoga pants and now full collection of apparel, accessories, and most recently, women's footwear. The case for On Holding: Low brand awareness Conversely, I would argue that it's specifically On's lower, but growing, brand awareness that gives it so much potential to be a market-beating stock in 2024. Before you buy stock in Lululemon Athletica, 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 Lululemon Athletica wasn't one of them.
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The case for Lululemon: High brand awareness Lululemon helped create the athleisure trend through its popular yoga pants and now full collection of apparel, accessories, and most recently, women's footwear. Revenue increased 12% year over year in the U.S. in its third quarter (ended Oct. 29), but international sales increased 49%, and there's a long growth runway in those markets. Before you buy stock in Lululemon Athletica, 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 Lululemon Athletica wasn't one of them.
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2023-12-14 00:00:00 UTC
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Exciting News for Tesla Stock Investors
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DCOMP
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https://www.nasdaq.com/articles/exciting-news-for-tesla-stock-investors-2
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In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of Dec. 11. Today's video will focus on Tesla's sales numbers in China and Europe, Tesla's humanoid robot, some announcements that might impact the company in 2024, and a look at Tesla stock from a technical analysis standpoint.
You can find last week's summary here.
*Stock prices used were from the trading day of Dec. 15, 2023. The video was published on Dec. 16, 2023.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Tesla made the list -- but there are 9 other stocks you may be overlooking.
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Neil Rozenbaum has positions in Tesla. The Motley Fool has positions in and recommends Tesla. 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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Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of Dec. 11. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has positions in Tesla.
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Today's video will focus on Tesla's sales numbers in China and Europe, Tesla's humanoid robot, some announcements that might impact the company in 2024, and a look at Tesla stock from a technical analysis standpoint. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Tesla made the list -- but there are 9 other stocks you may be overlooking. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has positions in Tesla.
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In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of Dec. 11. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has positions in Tesla. The Motley Fool has positions in and recommends Tesla.
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a516b716-31f7-4baa-8736-48567f392ee4
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711656.0
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2023-12-14 00:00:00 UTC
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NVDA Stock Outlook: Can AI Drive Nvidia’s Continued Market Domination in 2024?
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DCOMP
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https://www.nasdaq.com/articles/nvda-stock-outlook%3A-can-ai-drive-nvidias-continued-market-domination-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Nvidia (NASDAQ:NVDA) stock was one of the best-performing names in the S&P 500, tripling in value and having an outsized impact on the index’s overall performance for the year. NVDA stock is predicted to see strong gains. The median target price on the stock is about $600, or around a 25% improvement over where it currently sits. Some think it could go as high as $780 for a better than 60% return.
A lot of artificial intelligence bullish sentiment is in its growing demand. Nvidia occupies the premiere position atop the AI chip market. Yet don’t quickly dismiss the semiconductor stock’s headwinds. So let’s see whether AI can overcome those concerns and help Nvidia have another stellar year.
NVDA Stock Hits the Stratosphere
There’s no question AI is a massive force driving Nvidia forward. CEO Jensen Huang told analysts during NVDA’s third-quarterearnings conference call “Generative AI is the largest TAM (total addressable market) expansion of software and hardware that we’ve seen in several decades…And it’s changed almost everything.”
Total revenue rocketed 206% higher in the quarter to $18.1 billion on record data center sales. Segment sales jumped 41% sequentially and surged 279% to $14.5 billion year over year. Much of that was because of rising AI demand.
Huang noted Nvidia chips are a part of every single cloud provider, and every single ISP service. Their stacks and data centers have Nvidia chips integrated within even though no two are alike. And it promises to go even deeper.
The Grace Hopper Super chip built in partnership with Arm Holdings (NASDAQ:ARM) was created specifically to handle the world’s most complex generative AI workloads. It seeks to challenge Intel‘s (NASDAQ:INTC) X86 architecture, especially in places like Europe.
As the BBC contends Nvidia’s hardware is the glue that holds together most AI applications. It pointed out that at least one analyst says it owns 95% of the market for machine learning. As Huang put it, “NVIDIA is essentially an AI foundry. NVIDIA’s GPUs, CPUs, networking, AI foundry services and NVIDIA AI Enterprise software are all growth engines in full throttle.”
That’s a tough combination to beat.
Speed Bumps
With analysts at S&P Global forecasting revenue to quintuple within five years, what’s the problem? Well, there are a few issues to keep track of.
First, the export controls on chips, technology, and equipment will have a big impact on Nvidia, at least in the short-term. China directly accounts for 20-25% of Nvidia’s data center revenue, as noted by Huang. He does not know the affect’s severity or duration.
That’s at least $3 billion of quarterly data center revenue at risk. Growth elsewhere could offset the decline, but it’s a potential speed bump for NVDA stock.
Lowering costs and improving efficiency is where demand for AI chips comes from. It’s still a new avenue of understanding for many businesses and if the related enhancements don’t materialize quickly, demand could falter. It would all depend on how quickly such demand could slow.
Also, the market is not standing still. Advanced Micro Devices (NASDAQ:AMD) has its own chip on the market that many say is superior to Nvidia’s. It’s a battle that’s going to play out very quickly.
Right now Nvidia doesn’t appear it be faltering in the least. Quite the contrary. Yet NVDA stock is priced for perfection. Any snafu could send shares reeling. It’s clear the long-term outlook if exceedingly bright for the chip maker and it would seem a mistake not to own at least a small stake in this rocket. Yet investors would do well to remember that many such sure things reverse course quickly.
At current valuations I’d be hesitant to take a large stake in NVDA stock. The story looks excellent, but figuring the rocket ride will continue on the same trajectory it’s on now might be a mistake.
On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.
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The post NVDA Stock Outlook: Can AI Drive Nvidia’s Continued Market Domination in 2024? appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CEO Jensen Huang told analysts during NVDA’s third-quarterearnings conference call “Generative AI is the largest TAM (total addressable market) expansion of software and hardware that we’ve seen in several decades…And it’s changed almost everything.” Total revenue rocketed 206% higher in the quarter to $18.1 billion on record data center sales. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post NVDA Stock Outlook: Can AI Drive Nvidia’s Continued Market Domination in 2024?
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock was one of the best-performing names in the S&P 500, tripling in value and having an outsized impact on the index’s overall performance for the year. CEO Jensen Huang told analysts during NVDA’s third-quarterearnings conference call “Generative AI is the largest TAM (total addressable market) expansion of software and hardware that we’ve seen in several decades…And it’s changed almost everything.” Total revenue rocketed 206% higher in the quarter to $18.1 billion on record data center sales. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post NVDA Stock Outlook: Can AI Drive Nvidia’s Continued Market Domination in 2024?
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock was one of the best-performing names in the S&P 500, tripling in value and having an outsized impact on the index’s overall performance for the year. CEO Jensen Huang told analysts during NVDA’s third-quarterearnings conference call “Generative AI is the largest TAM (total addressable market) expansion of software and hardware that we’ve seen in several decades…And it’s changed almost everything.” Total revenue rocketed 206% higher in the quarter to $18.1 billion on record data center sales. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post NVDA Stock Outlook: Can AI Drive Nvidia’s Continued Market Domination in 2024?
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) stock was one of the best-performing names in the S&P 500, tripling in value and having an outsized impact on the index’s overall performance for the year. China directly accounts for 20-25% of Nvidia’s data center revenue, as noted by Huang. It would all depend on how quickly such demand could slow.
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2023-12-14 00:00:00 UTC
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1 Growth Stock to Buy Ahead of 2024, and 1 to Avoid
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https://www.nasdaq.com/articles/1-growth-stock-to-buy-ahead-of-2024-and-1-to-avoid
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After performing poorly in 2022, growth stocks have largely rebounded this year, and some have far outshone the broader market's solid performance. That was the case with e-commerce giant Shopify (NYSE: SHOP) and sports streaming specialist fuboTV (NYSE: FUBO). The former is up by 112% year to date, while the latter has risen by 95%.
However, these two stocks are unlikely to move in the same directions over the medium term; in fact, Shopify's prospects look much brighter than fuboTV's. Here's why.
The case for Shopify
Shopify made important changes to its business this year. The company increased the prices of its services, which, together with a recovering economy, helped boost its revenue. In the third quarter, Shopify's top line grew by 25% year over year to $1.7 billion. That was on the high end of the revenue growth rates it has recorded in the past year and a half.
SHOP Revenue (Quarterly YoY Growth) data by YCharts.
However, another change may have an even more significant impact on Shopify. The company sold its logistics business to privately held Flexport in exchange for equity in the company. The move freed up a substantial amount of cash flow that Shopify will be able to dedicate to improving its core e-commerce operations while decreasing its expenses and improving its margins. Considering that the company still isn't consistently profitable, it's unsurprising that this move pleased investors.
The divestiture of its logistics arm helped boost Shopify's gross profit by 36% year over year to $901 million in the third quarter, and its gross margin of 52.6% was much better than the prior-year period's 48.5%. Its results could keep on improving next year along with the economy. Increased consumer discretionary spending should benefit the online merchants it serves and, by extension, Shopify itself. However, it's the company's long-term prospects that matter most.
On that front, Shopify continues to look attractive. This isn't just because it has become the leader in its niche of providing businesses with all the tools they need to create killer online storefronts, along with key functionalities that let them sell their products across various social media platforms, among many other perks. One of the keys to Shopify's future is its widening economic moat.
The company benefits from high switching costs since building (or rebuilding) an online store from scratch takes time and money. Clients could migrate to one of Shopify's competitors, but it's hardly worth the trouble. Further, Shopify's brand has become intimately linked with the services it offers. These are powerful competitive edges that should allow the e-commerce specialist to grow its client base and its revenue. There remains a massive volume of white space in e-commerce.
The industry is projected to grow through the end of the decade and likely beyond. Shopify could benefit from that expansion while delivering market-beating returns on the way.
The case against fuboTV
FuboTV is one of many somewhat notable brands in the highly competitive streaming industry. Although it focuses much of its effort on covering the market for live sports, it offers plenty of other content. Its third quarterly results looked great, at least on the surface. Revenue increased by almost 43% year over year to $320.9 million. The company ended the period with 1.477 million subscribers in North America, an increase of 20% year over year.
That was in addition to solid increases in international subscribers and average revenue per user. FuboTV even boosted its full-year guidance. It now expects revenue of between $1.319 billion and $1.324 billion, which would amount to an increase of 34% at the midpoint. Management had previously been guiding for revenue in the $1.260 billion to $1.280 billion range.
That sounds great, but here's what's wrong with fuboTV's business. In the third quarter, the company's subscriber and related expenses (the money it pays to get the rights to show the content it does) came in at $286.1 million, up about 33% year over year and almost as high as its subscription revenue of $289.6 million (fuboTV also makes money from advertising and other sources).
This single category of expenses gobbles up almost all of fuboTV's subscription revenue -- its largest source of sales by far. And that has been the story with the company for a while. As a result, fuboTV's gross margins are razor thin, and the company is deeply unprofitable on an operating expense basis. Further, its subscription business can be seasonal, as fans of specific sports often cancel the service during their off-seasons.
In addition, it's hard to say that fuboTV has a competitive advantage. Plenty of other streaming leaders are battling with it in the world of sports, and some have much deeper pockets and are better able to handle subscriber-related costs. That puts it in a difficult position. While the streaming industry should continue flourishing in terms of overall viewership and streaming hours, it's not clear that fuboTV will deliver the kind of top-line growth it needs to consistently become profitable even on an operating basis anytime soon, despite the progress it made this year.
That's why investors should stay away from this growth stock.
Should you invest $1,000 in Shopify right now?
Before you buy stock in Shopify, 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 Shopify 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 7, 2023
Prosper Junior Bakiny has positions in Shopify. The Motley Fool has positions in and recommends Shopify and fuboTV. 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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This isn't just because it has become the leader in its niche of providing businesses with all the tools they need to create killer online storefronts, along with key functionalities that let them sell their products across various social media platforms, among many other perks. The company benefits from high switching costs since building (or rebuilding) an online store from scratch takes time and money. As a result, fuboTV's gross margins are razor thin, and the company is deeply unprofitable on an operating expense basis.
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That was the case with e-commerce giant Shopify (NYSE: SHOP) and sports streaming specialist fuboTV (NYSE: FUBO). The divestiture of its logistics arm helped boost Shopify's gross profit by 36% year over year to $901 million in the third quarter, and its gross margin of 52.6% was much better than the prior-year period's 48.5%. Before you buy stock in Shopify, 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 Shopify wasn't one of them.
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The divestiture of its logistics arm helped boost Shopify's gross profit by 36% year over year to $901 million in the third quarter, and its gross margin of 52.6% was much better than the prior-year period's 48.5%. In the third quarter, the company's subscriber and related expenses (the money it pays to get the rights to show the content it does) came in at $286.1 million, up about 33% year over year and almost as high as its subscription revenue of $289.6 million (fuboTV also makes money from advertising and other sources). Before you buy stock in Shopify, 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 Shopify wasn't one of them.
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The case against fuboTV FuboTV is one of many somewhat notable brands in the highly competitive streaming industry. Revenue increased by almost 43% year over year to $320.9 million. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
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2023-12-14 00:00:00 UTC
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3 Stocks to Buy That Are Up 200% or More in 2023
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https://www.nasdaq.com/articles/3-stocks-to-buy-that-are-up-200-or-more-in-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If you’re looking for stocks to buy that are up 200% or more in 2023, the S&P 500 won’t cut it. Only one name is up that much. I’m talking about the AI king. That would be Nvidia (NASDAQ:NVDA). Its shares have gained 232% year to date (YTD).
But, broaden the search to include all U.S.-listed stocks, and the number increases to approximately 92. If you only have companies with a market capitalization of $2 billion or more, the number of stocks up 200% drops to 24.
Some of these top-performing stocks in 2023 will continue their performance into 2024. However, the probability of more than a handful doing so is low.
It’s always hard to pick the top-performing stocks in one year that will do it again in the next. It’s why the Dogs of the Dow strategy is so successful. The worst-performing Dow stocks in one year will tend to outperform in the next. It’s a form of reverting to the mean and has provided investors with an excellent investment strategy over the years.
However, these three top-performing stocks likely won’t deliver anywhere near the returns in 2024 that they did in 2023. Yet, they’ll probably do just fine in 2024.
Abercrombie & Fitch (ANF)
Source: Paul McKinnon / Shutterstock.com
Abercrombie & Fitch (NYSE:ANF) is up 254% in 2023 and 343% over the past five years, considerably higher than the S&P 500.
According to Finviz.com, out of the 35 apparel retailers in its database, ANF has the third-highest gross margin at 56.72%,. That’s 18 basis points behind Lululemon (NASDAQ:LULU), and 942 basis points behind JJill (NYSE:JILL).
I find that last one hard to believe. However, J Jill’s Q3 2023 gross margin was 71.8%, 190 basis points higher than a year ago. Its gross margin through the first nine months of fiscal 2023 was 71.8%, also 190 basis points higher.
Now, consider Abercrombie generated a 64.9% gross margin in Q3 2023 on more than $1.06 billion in sales. That is about 6-7x of J Jill’s. As the numbers move higher, it gets harder to keep margins high.
Therefore, Abercrombie’s doing an excellent job on this front.
Dream Finders Homes (DFH)
Source: tokar / Shutterstock
Dream Finders Homes (NYSE:DFH) is a national homebuilder that I came across due to my interest in Warren Buffett.
A few years ago, I read about a small investment company, Boston Omaha (NYSE:BOC). It was extremely interested in Dream Finders. In 2017, BOC invested $10 million in the homebuilder. It included Texas, Florida, and Georgia, and sold all 4.8 million Class A shares by Dec. 31, 2022, for gross proceeds of $81 million.
If it hung on through 2023, its DFH holdings would be worth $149 million, 84% higher. Of course, hindsight is 20/20. It couldn’t have known that DFH stock would go on a 223% run in 2023.
“Home closings of 1,798 and net new orders of 1,535 increased 17% and 38%, respectively, compared to the year-ago quarter,” Dream Finders Homes CEO Patrick Zalupski said regarding Q3 2023.
As interest rates fall, Dream Finders will get even busier in 2024 and beyond.
DraftKings (DKNG)
It’s been a busy year for the sports betting and iGaming company.
DraftKings (NASDAQ:DKNG) started the year with 2.6 million average monthly unique payers (MUPs). Additionally, they averaged revenue per MUP of $109. And, they had mobile sports betting in 20 states representing 42% of the U.S. population. In fact, iGaming in five states represented 11% of the U.S. population. Impressively, mobile sports betting and iGaming in the province of Ontario accounted for 40% of Canada’s population.
Fast forward to Sept. 30.
It had 2.3 million MUPs (up 40% from Q3 2022). The average revenue per MUP is $114 (up 14% from last year). Also, mobile sport betting in 22 states represents 45% of the U.S. population. Additionally, Maine, Puerto Rico, and North Carolina are ready to launch mobile sports betting. Vermont is likely at some point in 2024 or 2025.
The company expects 2023 revenue of $3.70 billion at the midpoint of its guidance. That is 65% higher than it was in 2022. In 2024, its projected revenue is $4.65 billion, 26% higher than in 2023.
No wonder DKNG stock is up 229% YTD.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post 3 Stocks to Buy That Are Up 200% or More in 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DraftKings (NASDAQ:DKNG) started the year with 2.6 million average monthly unique payers (MUPs). More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks to Buy That Are Up 200% or More in 2023 appeared first on InvestorPlace.
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Abercrombie & Fitch (ANF) Source: Paul McKinnon / Shutterstock.com Abercrombie & Fitch (NYSE:ANF) is up 254% in 2023 and 343% over the past five years, considerably higher than the S&P 500. However, J Jill’s Q3 2023 gross margin was 71.8%, 190 basis points higher than a year ago. Dream Finders Homes (DFH) Source: tokar / Shutterstock Dream Finders Homes (NYSE:DFH) is a national homebuilder that I came across due to my interest in Warren Buffett.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you’re looking for stocks to buy that are up 200% or more in 2023, the S&P 500 won’t cut it. However, J Jill’s Q3 2023 gross margin was 71.8%, 190 basis points higher than a year ago. Dream Finders Homes (DFH) Source: tokar / Shutterstock Dream Finders Homes (NYSE:DFH) is a national homebuilder that I came across due to my interest in Warren Buffett.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you’re looking for stocks to buy that are up 200% or more in 2023, the S&P 500 won’t cut it. However, J Jill’s Q3 2023 gross margin was 71.8%, 190 basis points higher than a year ago. In 2024, its projected revenue is $4.65 billion, 26% higher than in 2023.
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2023-12-14 00:00:00 UTC
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Headed Into 2024, These 5 Stocks Make Up 40% of My Retirement Portfolio. Here's Why I Don't Plan to Change a Thing.
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At my age, I'm still 25 to 30 years away from retirement. Therefore, readers need to understand that at this stage of life, I'm primarily concerned with growing the value of my portfolio. My decisions might not be as conservative as others. For those closer to retirement, preservation of capital might be a bigger concern than growth.
As of this writing, MercadoLibre (NASDAQ: MELI), Axon Enterprise (NASDAQ: AXON), United Rentals (NYSE: URI), Crocs (NASDAQ: CROX), and Tanger (NYSE: SKT) make up 40% of my portfolio's value. Many advisors would probably tell me to reduce my exposure to these five stocks and to diversify more.
However, I don't plan to make any changes to my top five holdings. While the professionals have their reasons for suggesting greater diversification, I intend to apply principles from investing greats Peter Lynch and Warren Buffett and keep everything with my top holdings the same.
Here's what Lynch and Buffett have to say
In his 1988 letter to Berkshire Hathaway shareholders, Buffett wrote: "We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds."
In other words, Buffett agrees with Lynch on a specific investing approach. They hold on to shares when those companies perform well, and they sell shares when those businesses disappoint. Most portfolio-building approaches do the opposite; they book their gains by selling winners while doubling down on losers.
For perspective, the five stocks I'm highlighting in this article make up just 18% of my portfolio's cost basis -- a very mundane average allocation of about 3.5% each. I've invested more money into other stocks in my portfolio. The difference is that all five of these stocks have gone up significantly since I first purchased shares, whereas many others have dropped.
In short, my portfolio concentration at the top is a natural outcome of what's worked and what hasn't. This wasn't a deliberate choice up front.
Why I keep holding
If these five businesses started underperforming at some point, then perhaps I would trim these positions. But as far as I'm concerned, all five are flowers that are currently still blooming, and I want to keep them firmly planted in my garden. Here's a brief investment thesis for each of these five companies that explains why I'm still holding.
1. MercadoLibre
MercadoLibre operates in Latin American markets, such as Brazil, Argentina, and Colombia, and has generated $10.2 billion in net revenue through the first three quarters of 2023. That's up 10 times from the same period five years ago, reflecting just how high-growth its opportunity is.
The company serves ongoing needs in Latin America, such as digital payments and e-commerce, and this should keep growth going in the future. As the chart shows, the company's operating profit is skyrocketing, which is a good thing for long-term shareholders.
MELI Revenue (TTM) data by YCharts
2. Axon Enterprise
Axon Enterprise offers Tasers, body cameras, and time-saving software to law enforcement agencies around the country. As one might imagine, this isn't an easy business to break into generally. Companies need reputable track records to secure contracts, and deals with law enforcement agencies tend to be long-lasting.
With its track record, Axon has built a large, recurring revenue stream with agencies around the country, and its backlog of orders continues to grow. Moreover, the company's track record is allowing it to break into new opportunities, such as with federal agencies and in international markets, which can continue to drive long-term shareholder returns.
3. United Rentals
United Rentals is one of the best-performing stocks over the past decade, with shares up more than 650% in value. And yet the largest equipment-rental company in the U.S. is still relatively unknown to investors. This highlights how boring the market finds this space.
In this case, boring is good. United Rentals is a very profitable company with a long record of strong free cash flow generation. And because investors tend to ignore the space, the company can often buy out competitors at cheap valuations. This allows it to quietly grow while gobbling up market share, leading to higher profits down the road.
It's a simple yet effective path to creating shareholder value and it's why I keep holding my shares of United Rentals.
4. Crocs
Crocs expects to generate nearly $4 billion in revenue this year, which is pretty huge for a shoe stock. Due to its already large size, I don't necessarily expect the company to take the world by storm in coming years. That said, Crocs has a fantastic operating margin of around 26%, as the chart shows, which makes it attractive to me as an investment.
With strong profitability, Crocs can do simple things that boost shareholder value, such as repurchasing shares and reducing its long-term debt. And trading at less than 10 times its trailing earnings, the stock is cheap enough to be a winner with even modest growth -- I wouldn't expect its valuation to fall much from here.
CROX Operating Margin (TTM) data by YCharts
5. Tanger
Tanger is a real estate investment trust (REIT) that owns 39 outlet malls and open-air shopping centers. Many of its tenants are in the discretionary sector, which admittedly is a little risky. That said, the company has long enjoyed occupancy rates at around 98%, which also happened to be its occupancy rate as of the third quarter of 2023.
This company has a chance to meaningfully increase cash flow in coming years. Almost 60% of its current annual base rate rents are due for renewal between now and the end of 2026. Raising rents would increase cash flow and potentially increase the money available for dividends.
As a REIT, Tanger is obligated to pay a percentage of its profits out as dividends. It already provides a high yield at about 4%, but that could increase in a big way. The company would have to raise its dividend by almost 50% to fully recover to where it was before the pandemic -- business is back, so this seems doable. Moreover, if it can steadily increase rents in coming years, then that adds extra cash flow to boost dividends even further.
Holding on for the ride
Over time, my bad investments have dropped in value, whereas the five stocks mentioned here have jumped. By leaving things alone, this has caused my portfolio to naturally concentrate around my winners. And since I still see good things ahead for my top five, I don't plan to trim or sell any of these positions in the coming year.
This might make my returns a tad more volatile in 2024 -- fewer stocks can have larger impacts on overall returns. However, I believe the bigger risk would be to sell shares of winning companies when they still have so much ahead of them.
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Jon Quast has positions in Axon Enterprise, Crocs, MercadoLibre, Tanger, and United Rentals. The Motley Fool has positions in and recommends Axon Enterprise, Berkshire Hathaway, and MercadoLibre. The Motley Fool recommends Crocs and Tanger. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the professionals have their reasons for suggesting greater diversification, I intend to apply principles from investing greats Peter Lynch and Warren Buffett and keep everything with my top holdings the same. With its track record, Axon has built a large, recurring revenue stream with agencies around the country, and its backlog of orders continues to grow. Moreover, the company's track record is allowing it to break into new opportunities, such as with federal agencies and in international markets, which can continue to drive long-term shareholder returns.
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As of this writing, MercadoLibre (NASDAQ: MELI), Axon Enterprise (NASDAQ: AXON), United Rentals (NYSE: URI), Crocs (NASDAQ: CROX), and Tanger (NYSE: SKT) make up 40% of my portfolio's value. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has positions in Axon Enterprise, Crocs, MercadoLibre, Tanger, and United Rentals. The Motley Fool has positions in and recommends Axon Enterprise, Berkshire Hathaway, and MercadoLibre.
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As of this writing, MercadoLibre (NASDAQ: MELI), Axon Enterprise (NASDAQ: AXON), United Rentals (NYSE: URI), Crocs (NASDAQ: CROX), and Tanger (NYSE: SKT) make up 40% of my portfolio's value. Here's what Lynch and Buffett have to say In his 1988 letter to Berkshire Hathaway shareholders, Buffett wrote: "We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has positions in Axon Enterprise, Crocs, MercadoLibre, Tanger, and United Rentals.
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However, I don't plan to make any changes to my top five holdings. They hold on to shares when those companies perform well, and they sell shares when those businesses disappoint. I've invested more money into other stocks in my portfolio.
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2023-12-14 00:00:00 UTC
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Prepare for Another ‘Magnificent’ Year With Amazon Stock
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Some skeptics might say that no company is too big to fail. However, e-commerce giant Amazon (NASDAQ:AMZN) continues to deliver value and AMZN stock still has room to run. As Amazon continues to make smart moves to cement its position of strength in multiple business segments, investors can confidently choose to hold a few shares in the long term.
Remember, Amazon isn’t just the undisputed heavyweight champion of American e-commerce. The company also has a powerful presence in the areas of cloud computing, grocery delivery and healthcare. So, if you’re looking to add some mega-cap growth stocks to your portfolio, don’t overlook Amazon, a member of 2023’s “Magnificent Seven” club.
AMZN Stock: A Holiday Winner That Can Keep on Running
2023 is shaping up to be a standout year as Americans shop online and spend jaw-dropping amounts of money. The financial figures for Black Friday and Cyber Monday showed that U.S. consumers aren’t letting inflation crimp their holiday spending this year.
The strength of the American consumer is one of the main reasons AMZN stock has performed “magnificently” this year. As long as Amazon continues to dominate U.S. e-commerce, there’s no reason the stock can’t move higher in 2024.
Plus, Amazon continues to make adjustments in order to cement its leadership position in e-commerce. For example, Bloomberg reported that Amazon is reducing its platform’s “fees for merchants selling clothing priced below $20.”
This might seem like a counterintuitive strategy. However, it’s actually quite savvy as it will help Amazon compete against China-based fashion e-commerce platform Shein. The low-price apparel market can be lucrative, and Amazon wants to entice both consumers and merchants to its platform. Keeping merchant fees low is a smart way to achieve this objective.
Amazon Pilots a New Grocery Delivery Plan
When AMZN stock dropped briefly in late October, the critics may have decided that a crash was underway. They were wrong then, and they’ll continue to be wrong about Amazon. The company just keeps getting bigger and better with fresh, new ideas and strategies.
Just to give you another example, Amazon is trying out a highly affordable grocery delivery subscription plan in three cities. According to a TechCrunch report, the three cities are Denver, Colorado; Sacramento, California and Columbus, Ohio.
For $9.99 per month, this new subscription tier provides Amazon Prime members with “unlimited free grocery delivery on orders over $35 from Whole Foods Market and Amazon Fresh.” Plus, they’ll get “unlimited 30-minute pickup on orders of any size.”
This certainly sounds like a win-win scenario. Customers will find it hard to resist the free delivery and 30-minute pickup for their grocery orders. The members will want to order at least $35 worth of groceries in order to qualify for these perks.
Keep It Simple and Successful With AMZN Stock
Amazon’s critics will try to fight the trend until the end. There’s no need to join them when sensible investors can just stick with a consistent winner. After all, Amazon earned its “Magnificent Seven” membership by growing and delivering value to the shareholders in 2023.
How will 2024 shape up for Amazon and its loyal investors? There are no guarantees, but the coming year could be outstanding as Amazon continues to deploy smart, forward-looking strategies. Therefore, AMZN stock earns an “A” grade and you’re invited to consider it for your long-term holdings.
On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
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The post Prepare for Another ‘Magnificent’ Year With Amazon Stock appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As Amazon continues to make smart moves to cement its position of strength in multiple business segments, investors can confidently choose to hold a few shares in the long term. AMZN Stock: A Holiday Winner That Can Keep on Running 2023 is shaping up to be a standout year as Americans shop online and spend jaw-dropping amounts of money. The financial figures for Black Friday and Cyber Monday showed that U.S. consumers aren’t letting inflation crimp their holiday spending this year.
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However, e-commerce giant Amazon (NASDAQ:AMZN) continues to deliver value and AMZN stock still has room to run. As Amazon continues to make smart moves to cement its position of strength in multiple business segments, investors can confidently choose to hold a few shares in the long term. For $9.99 per month, this new subscription tier provides Amazon Prime members with “unlimited free grocery delivery on orders over $35 from Whole Foods Market and Amazon Fresh.” Plus, they’ll get “unlimited 30-minute pickup on orders of any size.” This certainly sounds like a win-win scenario.
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However, e-commerce giant Amazon (NASDAQ:AMZN) continues to deliver value and AMZN stock still has room to run. Amazon Pilots a New Grocery Delivery Plan When AMZN stock dropped briefly in late October, the critics may have decided that a crash was underway. For $9.99 per month, this new subscription tier provides Amazon Prime members with “unlimited free grocery delivery on orders over $35 from Whole Foods Market and Amazon Fresh.” Plus, they’ll get “unlimited 30-minute pickup on orders of any size.” This certainly sounds like a win-win scenario.
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However, e-commerce giant Amazon (NASDAQ:AMZN) continues to deliver value and AMZN stock still has room to run. AMZN Stock: A Holiday Winner That Can Keep on Running 2023 is shaping up to be a standout year as Americans shop online and spend jaw-dropping amounts of money. Just to give you another example, Amazon is trying out a highly affordable grocery delivery subscription plan in three cities.
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2023-12-14 00:00:00 UTC
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3 Very Undervalued Stocks With Strong Growth Prospects
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While the forward-looking mood for the equities sector may be pivoting in a positive direction, there are still opportunities among undervalued stocks with strong growth potential. Sure, the sector has been characterized by the blistering returns of technology players like Nvidia (NASDAQ:NVDA). However, the smarter approach may be to consider the path less traveled.
That’s not to say that strength can’t beget more strength. During a period of economic vagaries, investors find confidence in enterprises that have proven themselves. And of course, going the less-navigated route may lead to unforeseen pitfalls, along with volatility risks. There’s no such thing as a free lunch, especially on Wall Street.
Nevertheless, investors should at least consider broadening their holdings to include a mix of proven and less-appreciated ideas. On that note, below are very undervalued stocks with strong growth potential.
Himax Technologies (HIMX)
Source: Mamat Suryadi / Shutterstock
What it is: A semiconductor specialist, Himax Technologies (NASDAQ:HIMX) develops and manufactures advanced display driver integrated circuits (ICs) for multiple applications. These cover relevant sectors such as smartphones, television sets and medical devices. However, it just hasn’t achieved the success of its chip-manufacturing peers. Since the January opener, HIMX slipped 7%.
Relevance: Fundamentally, Himax offers significant relevance for the burgeoning high-resolution display manufacturing industry. According to Mordor Intelligence, the 4K display resolution market specifically reached a valuation of $61.48 billion in 2020. By 2026, experts project that the sector could jump to $213.92 billion, representing a compound annual growth rate (CAGR) of 23.1%.
Pros: Himax prints a three-year revenue growth rate of 20.8%, above 70% of its peers. However, HIMX trades at only 1.01x sales, below the sector median of 2.87x. Also, analysts rate shares a moderate buy with a $7.50 price target, implying 27% upside.
Cons: Dependency on the global chip production value chain presents issues. Also, Himax plies its trade in a competitive landscape.
Nutrien (NTR)
Source: Pavel Kapysh/ShutterStock.com
What it is: Based in Canada, Nutrien (NYSE:NTR) is the largest producer of potash in the world. It’s also the third-largest producer of nitrogen fertilizer. Given its massive importance to the broader food supply chain, NTR ranks among the undervalued stocks with strong growth potential. Sure, it’s down heavily this year but the world can’t survive without potash.
Relevance: Obviously, for anyone that understands critical resource supply chains, Nutrien’s relevance speaks for itself. But in terms of numbers, Grand View Research notes that the global potash market size reached a valuation of $57.14 billion last year. Further, experts project that by 2032, the sector will print revenue of $93.50 billion. That comes out to a CAGR of 4.9%. Exercise patience and put that in the bank.
Pros: Nutrien enjoys a robust three-year revenue growth rate of 28.1% and unsurprisingly consistent profitability. However, it trades at a lowly 0.9x trailing-year revenue, below the sector median of 1.12x. Analysts also peg shares a buy with a $72.36 price target, implying over 30% growth.
Cons: Geopolitics and economic uncertainty hit the sector, leading to NTR suffering a 23% year-to-date loss.
Pro-Dex (PDEX)
Source: Shutterstock
What it is: Headquartered in Irvine, California, Pro-Dex (NASDAQ:PDEX) bills itself as a product realization firm. Specifically, it’s a world leader in finished device manufacturing and design. Per its website, Pro-Dex covers multiple industries, including medical devices, micro air motors, and adaptive torque-limiting solutions. However, it’s just above nano-capitalization territory with a market value of only $58 million.
Relevance: While it’s a diminutive enterprise, it could pack a serious punch. All it needs is to take a bite out of a burgeoning industry. Fortunately, according to ResearchAndMarkets, the global contract manufacturing sector reached a valuation of $246.51 billion last year. Further, experts project that the segment could hit $512.74 billion by 2030. If so, that would come out to a CAGR of 9.58% from 2023.
Pros: Interestingly, Pro-Dex prints a three-year revenue growth rate of 14%, above the sector median of 7.3x. Also, it trades at only 1.26x sales, below the sector median of 3.49%. Ascendiant’s Edward Woo rates shares a buy with a $28 price target, projecting nearly 71% upside. That makes it one of the undervalued stocks with strong growth potential.
Cons: Moving forward, it may encounter risks distinguishing itself from the competition.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post 3 Very Undervalued Stocks With Strong Growth Prospects appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But in terms of numbers, Grand View Research notes that the global potash market size reached a valuation of $57.14 billion last year. Per its website, Pro-Dex covers multiple industries, including medical devices, micro air motors, and adaptive torque-limiting solutions. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Very Undervalued Stocks With Strong Growth Prospects appeared first on InvestorPlace.
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Pros: Himax prints a three-year revenue growth rate of 20.8%, above 70% of its peers. Per its website, Pro-Dex covers multiple industries, including medical devices, micro air motors, and adaptive torque-limiting solutions. Fortunately, according to ResearchAndMarkets, the global contract manufacturing sector reached a valuation of $246.51 billion last year.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the forward-looking mood for the equities sector may be pivoting in a positive direction, there are still opportunities among undervalued stocks with strong growth potential. By 2026, experts project that the sector could jump to $213.92 billion, representing a compound annual growth rate (CAGR) of 23.1%. Pros: Interestingly, Pro-Dex prints a three-year revenue growth rate of 14%, above the sector median of 7.3x.
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Himax Technologies (HIMX) Source: Mamat Suryadi / Shutterstock What it is: A semiconductor specialist, Himax Technologies (NASDAQ:HIMX) develops and manufactures advanced display driver integrated circuits (ICs) for multiple applications. These cover relevant sectors such as smartphones, television sets and medical devices. Nutrien (NTR) Source: Pavel Kapysh/ShutterStock.com What it is: Based in Canada, Nutrien (NYSE:NTR) is the largest producer of potash in the world.
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3 No-Brainer Warren Buffett Stocks to Buy Right Now
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Even Warren Buffett wouldn't buy every stock in Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio at this point. We know that for sure for a simple reason: He hasn't been scooping up more shares of most of them.
However, there are some stocks that Berkshire owns that a strong case could be made that the Oracle of Omaha should still be buying. Here are three no-brainer Buffett stocks to buy right now.
1. Amazon
Buffett (or, more likely, one of his two investment managers) trimmed Berkshire's position in Amazon (NASDAQ: AMZN) a little in the third quarter of 2023. I think, though, that this is absolutely a Buffett stock worth buying.
For one thing, Amazon has become a profit machine of late. Throughout much of its history, posting big profits wasn't much of a priority for the company. Now, however, Amazon's management is laser-focused on the bottom line -- and it shows. In Q3, the company's earnings more than tripled year over year to $9.9 billion.
More importantly, Amazon's growth prospects look terrific despite the company already claiming a lofty market cap north of $1.5 trillion. I'm especially optimistic about the opportunities for Amazon Web Services (AWS). The generative AI boom should continue for years to come. As the leading cloud services platform, AWS is poised to be a prime (no pun intended) beneficiary.
I also like that Amazon continues to adhere to the "it's still day one" philosophy preached by founder and former CEO Jeff Bezos. The company is still expanding into new markets, as evidenced by its recent moves into primary care and selling cars online. Bezos used to say rhetorically to other companies, "Your margin is my opportunity." His words still ring true for Amazon.
2. Bank of America
There's no question that Buffett likes Bank of America (NYSE: BAC) quite a bit. It's the second-largest holding in Berkshire's portfolio. He even added to the position earlier this year.
The price is right for Bank of America, in my view. The big bank's shares trade at a forward earnings multiple of under 9.3. Its price-to-book ratio is only 0.94. This attractive valuation is due in large part to the banking crisis that's still weighing on many bank stocks. However, BofA doesn't face the same risks that smaller banks do with its rock-solid balance sheet.
Some might question that Bank of America is a no-brainer stock to buy right now because of the potential that a recession is coming. But the economy appears to be humming along nicely with inflation moderating, reasonable job growth, and a robust gross domestic product.
Even if the U.S. economy enters into a recession, Bank of America is built to weather such storms. The company stands out as one of the most innovative banks in the world. Its continued investment in technology should enable BofA to remain a global financial leader for years to come.
3. D.R. Horton
Buffett invested heavily in housing stocks in Q2 of 2023. D.R. Horton (NYSE: DHI) ranks as the biggest purchase of the group, with Berkshire now owning nearly 6 million shares.
The stock has been a huge winner this year, skyrocketing over 60%. Even with this sizzling performance, though, D.R. Horton's valuation is more than reasonable with its forward earnings multiple below 10.7.
I think the near term could bring good news for the company. The latest CNBC Fed Survey found that most economists look for interest rate cuts to begin in June 2024. If they're right, we could see new housing construction take off yet again.
The long-term looks great for D.R. Horton, too. There's still an overall housing shortage in the U.S. As the nation's largest homebuilder, the company is poised to help meet the pent-up demand.
Should you invest $1,000 in D.r. Horton right now?
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Bank of America is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Speights has positions in Amazon, Bank of America, and Berkshire Hathaway. The Motley Fool has positions in and recommends Amazon, Bank of America, and Berkshire Hathaway. 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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More importantly, Amazon's growth prospects look terrific despite the company already claiming a lofty market cap north of $1.5 trillion. But the economy appears to be humming along nicely with inflation moderating, reasonable job growth, and a robust gross domestic product. 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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Even Warren Buffett wouldn't buy every stock in Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio at this point. Amazon Buffett (or, more likely, one of his two investment managers) trimmed Berkshire's position in Amazon (NASDAQ: AMZN) a little in the third quarter of 2023. The Motley Fool has positions in and recommends Amazon, Bank of America, and Berkshire Hathaway.
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Horton, 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 D.r. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Bank of America is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Amazon, Bank of America, and Berkshire Hathaway.
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Amazon Buffett (or, more likely, one of his two investment managers) trimmed Berkshire's position in Amazon (NASDAQ: AMZN) a little in the third quarter of 2023. Horton Buffett invested heavily in housing stocks in Q2 of 2023. Horton, 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 D.r.
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2023-12-14 00:00:00 UTC
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2 Growth Stocks To Buy and Hold Forever
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https://www.nasdaq.com/articles/2-growth-stocks-to-buy-and-hold-forever-12
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It's always thrilling to find a stock spring-loaded for a quick gain. I can't promise exactly when, but by golly, this stock is undervalued for all the wrong reasons and ready to run as soon as the market makers realize what they've been missing. You know?
But some of these potential jumps may be short-lived. Perhaps that magical growth catalyst is a one-time event, never to be repeated, that won't leave any lasting benefits for the target company. And it's not easy to pin down the best time to sell these gadfly rocket ships. Miss the peak by a day or two, and your coveted win may evaporate before you cash in the winning chips. Nailing the top of a temporary spike is pretty much impossible -- just ask master investor Warren Buffett.
So what I really want to find on my daily treks through Wall Street is a stock that looks ready to deliver robust price gains -- with staying power for the long haul. I don't even care if the next big jump is coming next week or two years from now, as long as I can be reasonably sure that the shares should gain value over time.
In my view, the perfect stock belongs to a company in the early days of an unstoppable growth story, and the price-setting market makers insist that it's not going to work. As a result, the stock under my microscope in this case would deserve a much higher price as the growth story plays out.
If you bought Netflix (NASDAQ: NFLX) stock in the low-price paradise of the Qwikster debacle in 2011, you're speaking my language. The Netflix shares I added in October that year have posted a 3,850% gain so far, and I never doubted the long-term outcome. Switching the business focus from DVD mailers to digital video streams was the right idea, even if the shift was executed with the grace of a newborn moose on black ice.
I didn't dare -- and would never recommend -- betting the whole farm on Netflix back then, but it was a no-brainer move to add some more shares of the entertainment pioneer to a diversified portfolio.
So let me show you two of the absolute best buys in today's market, based on that analysis of undervalued growth stocks offering tremendous long-term value for shareholders. Like Netflix in 2011, they strike me as future juggernauts with low stock prices today. Buy them now, hold them forever, and watch your wealth grow over time. That's the idea.
Amazon
The first name on my list of essentially eternal growth stories is Amazon.com (NASDAQ: AMZN). The e-commerce and cloud computing colossus needs no introduction. I'm sure you already heard that management always wants to run the company as if it's "day one" with a brand new start-up.
That attitude shows in Amazon's business results. Sales added up to a massive $281 billion in fiscal year 2019. Why stop there? Today, Amazon's revenues over the last four quarters work out to $554 billion. That's a 97% increase in less than four years.
And just like a hungry little start-up, Amazon is happy to invest in growth-boosting ideas even if it results in soft or negative profits in the short term. Unadjusted earnings and free cash flows were printed in red ink last year as Amazon invested billions of dollars in its one-day shipping network and the Amazon Web Services cloud computing platform. Just another year in the history of a company that always puts the customer experience first, at any cost.
"We realize that we exist to make customers' lives better and easier every day, and relentlessly want to do so," CEO Andy Jassy said in last year's fourth-quarter earnings call. "And being maniacally focused on the customer experiences is always going to be a top priority for us."
That's exactly what I want to hear from the leaders of a trillion-dollar company. Push that pedal to the metal until you have exhausted the opportunity for further growth. Even then, I'd rather see the company taking a sharp left turn into a greater long-term opportunity than settle down for slow growth and generous dividends. Stop me if you've heard this before, but Netflix did exactly that in 2011.
And of course, that forward-looking plan isn't always popular with Wall Street's market makers. Amazon's shares have posted a solid 79% gain year-to-date but the stock still sits 21% below the all-time highs in the summer of 2021. If you pick up some Amazon shares at this comfortable price point, I expect that investment to serve you well for decades to come.
Toast
Alongside the giant Amazon, there's Toast (NYSE: TOST), a disruptive challenger in the restaurant tech space.
Currently trading at 2.5 times sales and down 6.6% year-to-date, Toast's market value belies its potential. It's not just a blip on the radar. Toast is transforming how restaurants operate, from point-of-sale to payroll.
And the company isn't afraid to try some unique tactics. For example, Toast recently infused some artificial intelligence (AI) smarts into its services by adding a voice-controlled assistant. The AI-powered tool from SoundHound (NASDAQ: SOUN) can take orders over the phone or the drive-through window, help the restaurant staff manage their tables and tickets, and answer customer questions about the menu.
Toast is a disruptor at heart. Its point-of-sales hardware is sold at a loss in order to inspire stronger sales and unbreakable customer loyalty. Adding some AI brains to the system is a natural move and it sets this company apart from larger and wealthier rivals like Block (NYSE: SQ). The stock might be down now, but its innovative platform suggests it's a long-term play waiting to be recognized.
That makes Toast another great growth stock to buy now and hold forever.
Should you invest $1,000 in Toast right now?
Before you buy stock in Toast, 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 Toast 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. Anders Bylund has positions in Amazon and Netflix. The Motley Fool has positions in and recommends Amazon, Block, and Netflix. The Motley Fool recommends Toast. 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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Switching the business focus from DVD mailers to digital video streams was the right idea, even if the shift was executed with the grace of a newborn moose on black ice. "We realize that we exist to make customers' lives better and easier every day, and relentlessly want to do so," CEO Andy Jassy said in last year's fourth-quarter earnings call. The AI-powered tool from SoundHound (NASDAQ: SOUN) can take orders over the phone or the drive-through window, help the restaurant staff manage their tables and tickets, and answer customer questions about the menu.
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That makes Toast another great growth stock to buy now and hold forever. Before you buy stock in Toast, 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 Toast wasn't one of them. The Motley Fool has positions in and recommends Amazon, Block, and Netflix.
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Unadjusted earnings and free cash flows were printed in red ink last year as Amazon invested billions of dollars in its one-day shipping network and the Amazon Web Services cloud computing platform. Before you buy stock in Toast, 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 Toast 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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In my view, the perfect stock belongs to a company in the early days of an unstoppable growth story, and the price-setting market makers insist that it's not going to work. Should you invest $1,000 in Toast right now? Before you buy stock in Toast, 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 Toast wasn't one of them.
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711664.0
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2023-12-14 00:00:00 UTC
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7 Undervalued Biotech Stocks That are Flying Under the Clinical Radar
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https://www.nasdaq.com/articles/7-undervalued-biotech-stocks-that-are-flying-under-the-clinical-radar
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With so many innovative firms skyrocketing this year, astute investors seeking compelling discounts may want to turn their attention to undervalued biotech picks. Just like advancements in the digital ecosystem, society will continue to invest in clinical breakthrough stocks in the hopes of forwarding treatments to vexing conditions and diseases.
In other words, targeting undervalued biotech picks may provide some economic insulation. Of course, no sector is immune from broader financial headwinds. However, undervalued biotech picks in particular enjoy ongoing relevance because let’s face it – people who get sick often seek therapeutic solutions, irrespective of market conditions.
Plus, with the volatility inherent in the industry, some names may have become significantly de-risked. As a result, speculators should look into the below clinical breakthrough stocks.
Harmony Biosciences (HRMY)
Source: aslysun / Shutterstock.com
What it is: Focusing on developing and delivering treatments for rare neurological diseases, Harmony Biosciences (NASDAQ:HRMY) specializes in research and developing drugs for narcolepsy. Per the company’s website, narcolepsy is a rare, chronic, debilitating neurological disorder of sleep-wake state instability. Further, it affects approximately 165,000 Americans.
Relevance: According to Grand View Research, the global narcolepsy therapeutics market size reached a valuation of $3.28 billion last year. Further, experts project that the sector will expand at a compound annual growth rate (CAGR) of 7.85% from 2023 to 2030. At the forecast culmination point, this segment will likely print revenue of just over $6 billion. With Harmony carrying a market capitalization of around $2 billion, HRMY could be one of the hidden biotech gems.
Pros: Currently, the market prices HRMY at forward earnings multiple of 11.42x, lower than 72.46% of its peers. In addition, analysts rate shares a consensus moderate buy with an average price target of $40.67.
Cons: While scientifically intriguing, Harmony lost about 40% of equity value in the trailing 52 weeks.
MacroGenics (MGNX)
Source: everything possible / Shutterstock.com
What it is: Focused on cancer immunotherapy, MacroGenics (NASDAQ:MGNX) develops and commercializes monoclonal antibodies. Enticingly, its therapeutic teplizumab received approval from the Food and Drug Administration (FDA) as the first disease-modifying therapy in type 1 diabetes. As well, MGNX is one of the clinical breakthrough stocks in the sense that it gained 28% in the trailing one-month period.
Relevance: Currently, MacroGenics focuses on Margenza, a treatment of adult patients with metastatic HER2-positive breast cancer. According to Strategic Market Research, the underlying global treatment sector reached a valuation of $17.13 billion in 2021. Further, the segment could expand at a compound annual growth rate (CAGR) of 10.4% to hit $41.74 billion by 2030. Thus, the company benefits from a large addressable market.
Pros: Even with the sharp rise in the security, MGNX trades for only 4.75x trailing-year sales. That’s lower than the sector median of 9.23x, making it one of the undervalued biotech picks. Also, analysts peg shares as a strong buy with a $12.86 target, projecting 38% upside.
Cons: Although attractive from a scientific level, MGNX suffers from multiple financial vulnerabilities, including a distressed Altman Z-Score.
Pfizer (PFE)
Source: photobyphm / Shutterstock.com
What it is: A pharmaceutical giant that needs no introduction, Pfizer (NYSE:PFE) shot itself into the mainstream consciousness when it helped forward a Covid-19 vaccine. However, with fading fears of the SARS-CoV-2 virus, PFE has fallen out of favor with investors. It could be one of the hidden gem stocks but it’s also risky. Since the January opener, it lost 49% of its equity value.
Relevance: Pfizer utilized a messenger-RNA-based approach to develop its vaccine. According to Mordor Intelligence, the global mRNA therapeutics market will likely reach a valuation of $46.83 billion at the end of this year. By 2028, the segment could be worth $101.8 billion, representing a CAGR of 16.8%. Thus, patience could be rewarding for one of the undervalued biotech picks.
Pros: Right now, the market prices PFE at forward earnings multiple of 8.12x, lower than the drug manufacturing industry’s median stat of 14.21x. Analysts also rate shares a moderate buy with an average price target of $34.25, implying 31% upside.
Cons: The pace of negative acceleration hasn’t slowed, with PFE losing more than 13% in the trailing month.
Catalyst Pharma (CPRX)
Source: Pavel Kapysh / Shutterstock.com
What it is: Headquartered in Coral Gables, Florida, Catalyst Pharma (NASDAQ:CPRX) specializes in developing and marketing orphan drugs for rare and neglected diseases. It features a compelling pipeline of FDA-approved therapeutics that address Lambert-Eaton myasthenic syndrome and Duchenne muscular dystrophy. However, it ranks among hidden biotech gems, with CPRX down 20% year-to-date.
Relevance: Fundamentally, Catalyst Pharma could carve a commanding footprint for its core treatment areas. For example, Allied Market Research notes that the global Duchenne muscular dystrophy treatment size reached a value of $1.3 billion in 2021. By 2031, the segment could hit a valuation of $2.07 billion, implying a CAGR of 4.7% from 2022. Keep in mind that Catalyst only features a market cap of $1.54 billion.
Pros: At the moment, CPRX prints a forward earnings multiple of 9.73x, lower than the sector median 21.6X. In addition to being one of the undervalued biotech picks, analysts peg shares a unanimous strong buy with an average target of $25.25. That implies over 74% growth potential.
Cons: CPRX is choppy, requiring investors to have a strong stomach.
Voyager Therapeutics (VYGR)
Source: Mongkolchon Akesin / Shutterstock.com
What it is: Headquartered in Lexington, Massachusetts, Voyager Therapeutics (NASDAQ:VYGR) develops gene therapies for neurological diseases using adeno-associated viral vectors. That’s another advancement stemming from the push to find a vaccine for COVID-19 that offers potentially myriad medical applications. Since the start of the year, VYGR gained almost 30% of equity value, making it one of the more exciting clinical breakthrough stocks.
Relevance: For Voyager, it could potentially ride coattails on the broader global gene editing market, which reached a value of $6.94 billion last year. According to Precedence Research, experts project that the segment could surpass the $29.93 billion valuation target by 2032. If so, that would represent at least a CAGR of 15.73% from 2023.
Pros: Enticingly, the market prices VYGR at a trailing-year earnings multiple of only 6.34x, below the sector median of 31.77x. That qualifies shares for candidacy among undervalued biotech picks. Also, analysts forecast a price target of $14.40, implying almost 85% upside.
Cons: VYGR’s 52-week range goes from $5.27 to $14.34. It’s wild and should therefore only be approached by hardened speculators.
Sanofi (SNY)
Source: nitpicker / Shutterstock.com
What it is: A French multinational pharmaceutical and healthcare company, Sanofi (NASDAQ:SNY) represents one of the heavyweights among undervalued biotech picks. Therefore, it’s difficult to label SNY a candidate for hidden biotech gems. Nevertheless, SNY may appeal to market gamblers because it just hasn’t gained traction. In the past 52 weeks, shares moved up a little over 2%. That’s it.
Relevance: As a massive entity within the broader pharmaceutical space, Sanofi can move in multiple directions. Historically, the company represented the first worldwide supplier of the injectable polio vaccine. That’s significant because the global vaccines market size will reach $77.6 billion at year’s end. Further, experts project that by 2028, the sector will be worth $93.8 billion, according to MarketsandMarkets.
Pros: Right now, shares trade at only 11.12x forward earnings, below 73.81% of its peers. Also, analysts peg SNY as a moderate buy with a $96.16 price target, implying over 99% upside potential.
Cons: Sanofi has been all over the map recently, especially following its recent earnings miss. Therefore, it presents high risks despite it being historically one of the clinical breakthrough stocks.
Arcturus Therapeutics (ARCT)
Source: Shutterstock
What it is: An intriguing player among hidden biotech gems, Arcturus Therapeutics (NASDAQ:ARCT) is a global late-stage clinical mRNA medicine and vaccines company. It focuses on the discovery, development, and commercialization of therapeutics for rare diseases and vaccines. Further, the company claims proprietary technologies along with key partnerships. Since the start of the year, ARCT gained 68%.
Relevance: Fundamentally, speculators in the know focus on Arcturus’ specialty in RNA-interference (RNAi) technologies. According to Mordor Intelligence, the global RNAi market size will reach a value of $1.17 billion by year’s end. Further, experts project that the segment could hit $2.49 billion by 2028, representing a CAGR of 16.29%. Considering the size of the company – a market cap of $749 million – Arcturus benefits from a large addressable market.
Pros: At the moment, ARCT carries a trailing-year earnings multiple of 7.56X, lower than 91% of its rivals. Also, analysts rate shares a unanimous strong buy with a $73.20 average price target, implying 161% growth.
Cons: As an early stage enterprise, ARCT incurs significant volatility risks.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post 7 Undervalued Biotech Stocks That are Flying Under the Clinical Radar appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Just like advancements in the digital ecosystem, society will continue to invest in clinical breakthrough stocks in the hopes of forwarding treatments to vexing conditions and diseases. However, undervalued biotech picks in particular enjoy ongoing relevance because let’s face it – people who get sick often seek therapeutic solutions, irrespective of market conditions. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Undervalued Biotech Stocks That are Flying Under the Clinical Radar appeared first on InvestorPlace.
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Harmony Biosciences (HRMY) Source: aslysun / Shutterstock.com What it is: Focusing on developing and delivering treatments for rare neurological diseases, Harmony Biosciences (NASDAQ:HRMY) specializes in research and developing drugs for narcolepsy. In addition to being one of the undervalued biotech picks, analysts peg shares a unanimous strong buy with an average target of $25.25. Also, analysts rate shares a unanimous strong buy with a $73.20 average price target, implying 161% growth.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With so many innovative firms skyrocketing this year, astute investors seeking compelling discounts may want to turn their attention to undervalued biotech picks. Relevance: According to Grand View Research, the global narcolepsy therapeutics market size reached a valuation of $3.28 billion last year. Arcturus Therapeutics (ARCT) Source: Shutterstock What it is: An intriguing player among hidden biotech gems, Arcturus Therapeutics (NASDAQ:ARCT) is a global late-stage clinical mRNA medicine and vaccines company.
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That’s lower than the sector median of 9.23x, making it one of the undervalued biotech picks. Since the start of the year, VYGR gained almost 30% of equity value, making it one of the more exciting clinical breakthrough stocks. Relevance: Fundamentally, speculators in the know focus on Arcturus’ specialty in RNA-interference (RNAi) technologies.
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2023-12-14 00:00:00 UTC
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Could This 1 Top Auto Technology Stock Be a Millionaire-Maker Investment?
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https://www.nasdaq.com/articles/could-this-1-top-auto-technology-stock-be-a-millionaire-maker-investment
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There's no shortage of excitement for automotive technologist Indie Semiconductor (NASDAQ: INDI). As the digitalization of cars rapidly increases -- thanks to the continual rise of electric vehicles (EVs), in-cabin infotainment, and work surrounding self-driving cars and advanced driver assist systems (ADAS) -- Indie's revenue growth has been soaring. Revenue more than doubled from the year prior in the third quarter of 2023, up 101% to $60.5 million.
Nevertheless, the stock price remains down nearly 30% from Indie's 2021 IPO. There's more going on under the hood that has the market questioning Indie's all-out expansion. But if Indie can solve some issues with its business model, perhaps shares can rally higher.
Is this a millionaire-making investment worth betting on right now?
Big bets on the future of vehicle safety
Indie management doesn't specifically break down where its sales come from, but it's becoming clear that most of its chips are being used in EVs and charging infrastructure, as well as in-cabin experiences -- including wireless charging (smartphone charging inside a car) and in-cabin car LED lighting.
The small start-up has made big bets on ADAS, including purchasing radar, LiDAR, and camera "sensor fusion" chip designs from peers like Analog Devices and ON Semiconductor, in the last couple of years. Management likes to compare its acquisitive strategy to Broadcom's in the early 2000s.
But much of that ADAS and self-driving tech sales potential lies in the future. Management says of its $6.3 billion backlog with current and prospective customers, $4.6 billion of it is for ADAS-related chips in radar, LiDAR, and camera vision (including $2 billion in new backlog from its recent purchase of GEO Semiconductor earlier in 2023). Additionally, it was admitted on the Q3earnings callthat the LiDAR backlog, in particular, has not yet materialized into actual revenue.
Image source: Indie Semiconductor.
Still, despite ample competition from the likes of Analog Devices, NXP Semiconductors, Infineon, Monolithic Power Systems, STMicroelectronics, and other smaller auto tech upstarts like Ambarella, Indie has been able to keep the pedal to the metal.
I wrote earlier this year that Indie's growth needs an asterisk. Because of numerous acquisitions paid for by the issuance of new stock, Indie's revenue expansion isn't as good as it appears on the surface. Over the last reported trailing-12-month period, total revenue is up 92%. But on a per-share basis (which accounts for dilution from new stock issuance), Indie's revenue growth is up "only" 72%. Not bad, Indie.
Data by YCharts.
A growth story complicated by shareholder and capital structure
This company's upside from the future of automotive is clear, but I have other concerns that hold me back from taking a long-term position in the stock. That's partly because it went public in 2021 via a SPAC and partly due to how it's funded those numerous acquisitions -- Indie has a complicated shareholder structure.
There was just over $52 million in outstanding warrant obligations (the right held by some investors, especially institutional investors, to purchase more newly issued stock) listed under liabilities as of the end of September 2023. Management simplified this issue by issuing 7 million new shares and exchanging all remaining warrants for stock in late October and early November.
However, the total share count is going to increase to 181 million in the fourth quarter of 2023, up from just shy of 147 million in Q3 (basically, a 23% quarter-over-quarter increase in the total number of shares outstanding). The upshot to this, for the time being, is that expected operating losses will get diluted. No problem with that, but dilution cuts both ways. When the company (eventually) starts turning a profit, that net income will also be spread across all those new shares.
Another item: Indie reported that 46% of its Q3 revenue came from China. That's far above the average among its semiconductor company peers. Further complicating this is that Indie operates through a majority-controlled (but only partially-owned) subsidiary in China called Wuxi Indie Microelectronics. Several Chinese investors, including a couple of automotive equipment manufacturers, retain equity investments in Wuxi. Wuxi is pursuing an IPO in China by 2027, but if it isn't successful, these Chinese investors will be payable in more Indie stock (listed in the U.S.).
This also obscures Indie's shareholder structure and adds to potential dilutive events in the future.
One more important note: Indie's balance sheet now features $161 million in cash and short-term investments, but its total debt is also $161 million. Interest expense is also going to be a headwind to future profitability. This is no longer a lean start-up semiconductor company.
I believe that few investors are aware of Indie's complicated shareholder and capital structure to fund its expansion. The business is still unproven as of yet, as it still doesn't turn a profit (both quarterly generally accepted accounting principles (GAAP) operating income and free cash flow remain in the red). Thus, any bet on this stock should be speculative. The inclusion of Indie Semiconductor in an investment portfolio, if at all, should reflect that.
If Indie can solve some of these complexities in its business, perhaps the stock price can start to better reflect the company's meteoric growth. But in the meantime, I believe there are better long-term semiconductor stocks to invest in that can help investors make some serious dough.
Should you invest $1,000 in Indie Semiconductor right now?
Before you buy stock in Indie Semiconductor, 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 Indie Semiconductor 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
Nicholas Rossolillo and his clients have positions in Broadcom and ON Semiconductor. The Motley Fool recommends Broadcom, NXP Semiconductors, and ON Semiconductor. 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 small start-up has made big bets on ADAS, including purchasing radar, LiDAR, and camera "sensor fusion" chip designs from peers like Analog Devices and ON Semiconductor, in the last couple of years. A growth story complicated by shareholder and capital structure This company's upside from the future of automotive is clear, but I have other concerns that hold me back from taking a long-term position in the stock. The business is still unproven as of yet, as it still doesn't turn a profit (both quarterly generally accepted accounting principles (GAAP) operating income and free cash flow remain in the red).
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As the digitalization of cars rapidly increases -- thanks to the continual rise of electric vehicles (EVs), in-cabin infotainment, and work surrounding self-driving cars and advanced driver assist systems (ADAS) -- Indie's revenue growth has been soaring. The small start-up has made big bets on ADAS, including purchasing radar, LiDAR, and camera "sensor fusion" chip designs from peers like Analog Devices and ON Semiconductor, in the last couple of years. Before you buy stock in Indie Semiconductor, 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 Indie Semiconductor wasn't one of them.
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There's no shortage of excitement for automotive technologist Indie Semiconductor (NASDAQ: INDI). But on a per-share basis (which accounts for dilution from new stock issuance), Indie's revenue growth is up "only" 72%. Before you buy stock in Indie Semiconductor, 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 Indie Semiconductor wasn't one of them.
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The small start-up has made big bets on ADAS, including purchasing radar, LiDAR, and camera "sensor fusion" chip designs from peers like Analog Devices and ON Semiconductor, in the last couple of years. Should you invest $1,000 in Indie Semiconductor right now? The Motley Fool recommends Broadcom, NXP Semiconductors, and ON Semiconductor.
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711666.0
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2023-12-14 00:00:00 UTC
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History Suggests the Nasdaq Could Soar in 2024, and Here's the Stock to Buy If It Does
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https://www.nasdaq.com/articles/history-suggests-the-nasdaq-could-soar-in-2024-and-heres-the-stock-to-buy-if-it-does
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In the 37-year history of the Nasdaq-100 index, it has only posted a loss in consecutive years on one occasion: during the dot-com tech crash from 2000 to 2002. Therefore, when the index plunged 33% last year, a rebound in 2023 was the likely outcome.
True to history, the Nasdaq-100 has absolutely ripped higher with a 52% gain this year. Macroeconomic headwinds, like inflation and interest rate pressures, eased, which was helpful. But investors will be pleased to know that also bodes very well for 2024. See, bounce-back years like 2023 have always been followed by another positive year, which tends to produce a return of 21.5% (on average).
With that in mind, semiconductor stock Axcelis Technologies (NASDAQ: ACLS) could be a fantastic buy if the market continues to move higher. The company is growing its revenue and earnings at a brisk pace, and its stock trades at a bargain valuation right now. Here's what investors need to know.
Axcelis is carrying a huge order backlog into 2024
Axcelis isn't a chip producer, but it sells its ion implantation equipment to leading chip makers, forming a critical part of the fabrication process. Therefore, the company is still exposed to growing demand across the industry for chips in categories like electric vehicles and artificial intelligence (AI).
In fact, Axcelis has experienced strong demand this year from producers of silicon-carbide power devices in the electric vehicle industry. Power devices process and deliver electric power in workloads requiring high currents, and silicon carbide leads to more efficient results than traditional silicon-based hardware. In electric vehicles, that translates to faster charging times and more mileage per charge.
AI isn't a major revenue driver for Axcelis at the moment, but in its third-quarter conference call with investors, management highlighted the technology's requirement for increasing amounts of memory (DRAM) and storage (NAND) capacity. As a result, the company is expecting AI to become a source of strong demand.
Nevertheless, the company has its hands full with its existing end-markets. It currently has an order backlog worth $1.2 billion, nearly a record high, and it will carry the majority of it into the new year. For context, it's equivalent to more than 12 months' worth of revenue.
Revenue is on track to set a record this year
Axcelis generated $820.3 million in revenue through the first three quarters of 2023 (ended Sept. 30), representing a year-over-year increase of 25.4%. The company is on track to deliver a record-high $1.1 billion in revenue for the full year.
The company's results are even more impressive considering many chipmakers have recently suffered a slowdown in revenue growth -- some, like Advanced Micro Devices, even saw revenues shrink. Markets such as personal computing and gaming have suffered from a drop in consumer spending but should improve next year, given inflation and interest rates have declined from their peaks.
But Axcelis is somewhat insulated from some of those short-term struggles because its customers typically plan their capital expenditures years in advance. If they intend to have a higher chip production capacity in the future, they might place equipment orders today in preparation (hence Axcelis' deep order backlog). That's why Axcelis stock has the potential to be a reliable long-term performer.
Image source: Getty Images.
Axcelis stock looks like a total bargain going into 2024
Axcelis is highly profitable, and it's on track to deliver $7.27 in earnings per share for the year. Based on its current stock price near $136, it trades at a price-to-earnings (P/E) ratio of roughly 19.
That's a 32% discount to the Nasdaq-100 index, which trades at a P/E ratio of 28. The index is home to prominent chip companies like Nvidia, Advanced Micro Devices, and Texas Instruments (among others).
Despite Axcelis not producing chips, management's commentary suggests it will benefit from the AI tailwind going forward. The company also has a very strong year ahead thanks to its order backlog. Electric vehicle demand will also likely remain strong in 2024 as the industry continues to scale up.
Based on these factors, combined with Axcelis' ability to grow its top and bottom lines in tough economic conditions, its stock deserves a little more credit on the valuation front. I think it will likely get it in the new year.
Should you invest $1,000 in Axcelis Technologies right now?
Before you buy stock in Axcelis Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Axcelis Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and 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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AI isn't a major revenue driver for Axcelis at the moment, but in its third-quarter conference call with investors, management highlighted the technology's requirement for increasing amounts of memory (DRAM) and storage (NAND) capacity. Markets such as personal computing and gaming have suffered from a drop in consumer spending but should improve next year, given inflation and interest rates have declined from their peaks. Based on these factors, combined with Axcelis' ability to grow its top and bottom lines in tough economic conditions, its stock deserves a little more credit on the valuation front.
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Power devices process and deliver electric power in workloads requiring high currents, and silicon carbide leads to more efficient results than traditional silicon-based hardware. The index is home to prominent chip companies like Nvidia, Advanced Micro Devices, and Texas Instruments (among others). Before you buy stock in Axcelis Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Axcelis Technologies wasn't one of them.
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In fact, Axcelis has experienced strong demand this year from producers of silicon-carbide power devices in the electric vehicle industry. Axcelis stock looks like a total bargain going into 2024 Axcelis is highly profitable, and it's on track to deliver $7.27 in earnings per share for the year. Before you buy stock in Axcelis Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Axcelis Technologies wasn't one of them.
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In fact, Axcelis has experienced strong demand this year from producers of silicon-carbide power devices in the electric vehicle industry. I think it will likely get it in the new year. Before you buy stock in Axcelis Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Axcelis Technologies wasn't one of them.
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2edad305-2e1a-432d-937c-948c55cba45a
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711667.0
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2023-12-14 00:00:00 UTC
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Will Nvidia Be Worth More Than Apple by 2030?
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DCOMP
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https://www.nasdaq.com/articles/will-nvidia-be-worth-more-than-apple-by-2030-0
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nan
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nan
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Nvidia (NASDAQ: NVDA) entered the $1 trillion market cap club this year thanks to a red-hot run in the stock market fueled by super high demand for its graphics processing units (GPUs) for training artificial intelligence (AI) models. Share prices of Nvidia have surged 226% in 2023. It now has a market cap of $1.2 trillion, which makes it the sixth-largest company in the world.
Apple (NASDAQ: AAPL) remains the world's most valuable company with a market cap of nearly $3.1 trillion, but there is a good chance that Nvidia could dethrone the iPhone maker by the end of the decade. Let's see why.
Apple hasn't been able to match Nvidia's growth
Over the past seven years, Nvidia's market cap has jumped an astonishing 2,300%, which is significantly higher than Apple's growth of just over 400% during the same period.
NVDA market cap data by YCharts.
It is easy to see why this has been the case. The market has rewarded Nvidia for the tremendous growth in its revenue and earnings over the years, driven by the growing applications of the company's GPUs in multiple industries ranging from computers to data centers to cars and even factories.
Apple's growth, on the other hand, has been slower than Nvidia's. Again, that's not surprising as Apple operates in markets that have reached their saturation points.
NVDA revenue (TTM) data by YCharts; TTM = trailing 12 months.
For instance, sales of smartphones were flat in the third quarter of 2023, according to market intelligence firm IDC. Meanwhile, personal computer (PC) shipments are set to drop almost 14% this year. The state of these markets explains why Apple's revenue in fiscal 2023 (which ended on Sept. 30, 2023) fell almost 3% year over year to $383 billion. Its adjusted earnings were almost flat year over year at $6.13 per share.
Apple got two-thirds of its revenue from selling smartphones and personal computing devices such as iPads and MacBooks in the previous fiscal year. Also, there is a lot of competition in these markets thanks to the presence of multiple participants.
For example, Apple is the second-largest smartphone manufacturer, but it has a market share of just under 18%. The company's share of the PC market stands at 10.6%, making it the fourth-largest player in this space.
Sales of both PCs and smartphones aren't expected to increase significantly in the long run. IDC expects the PC market to clock a compound annual growth rate (CAGR) of just 3.1% through 2027. Smartphone shipments are expected to have an even slower CAGR of 1.7% over the next four years. Not surprisingly, analysts aren't expecting much of an acceleration in Apple's growth, which is evident from the following chart.
AAPL revenue estimates for current fiscal year; data by YCharts.
And the company's earnings are expected to increase at an annual pace of just 6% over the next five years. That's way slower than the 21% annual earnings growth Apple clocked in the past five years.
Assuming it can sustain 6% earnings growth for the next seven years, its bottom line could increase to $9.20 per share in 2030 (using its fiscal 2023 earnings of $6.13 per share as the base).
If we multiply the projected 2030 earnings with Apple's five-year average forward earnings multiple of 24, the stock price could jump to $221 by the end of the decade. That would be an increase of just 15%, indicating that its market cap could hit $3.45 trillion in 2030.
Nvidia, on the other hand, is expected to clock annual earnings growth of a whopping 112% for the next five years. Let's see why that's the case, and check if that would be enough to help the company overtake Apple's market cap by 2030.
Nvidia is sitting on a massive growth opportunity
While Apple is struggling with saturated and crowded markets, Nvidia is the dominant force in the rapidly growing market for AI chips. It is estimated that the global AI chip market could hit $304 billion in annual revenue in 2030 as compared to $20 billion in 2021. Nvidia controls between 80% and 95% of this market, as per various third-party estimates.
This, however, is not the only massive growth opportunity Nvidia could benefit from over the next seven years. Including cloud gaming, automotive uses, and digital twins, there are multiple lucrative markets that the company could take advantage of. It estimates its total addressable market to be worth $1 trillion spread across multiple end markets.
The company is expected to finish its ongoing fiscal year with almost $59 billion in revenue, which would be a jump of 118% over the prior year. So, there is still a lot of room for growth for Nvidia, which explains why analysts consistently raise their estimates.
NVDA revenue estimates for current fiscal year; data by YCharts.
Assuming Nvidia manages to hit $107 billion in revenue in fiscal 2026, its three-year revenue CAGR would stand at an impressive 58% based on its fiscal 2023 revenue of $27 billion. If the company manages to sustain a relatively conservative long-term revenue growth rate of 25% from fiscal 2027 to fiscal 2031 (which will coincide with calendar 2030), its top line could hit $325 billion by the end of the decade.
Nvidia has an average five-year price-to-sales ratio of 20. Assuming it trades at a discount 15 times forward sales in 2030, its market cap could jump to almost $4.9 trillion in 2030. As such, there is a chance of Nvidia overtaking Apple's market cap in the long run, and this won't be surprising given how fast the former is anticipated to benefit from multiple growth drivers.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Nvidia. 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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Apple (NASDAQ: AAPL) remains the world's most valuable company with a market cap of nearly $3.1 trillion, but there is a good chance that Nvidia could dethrone the iPhone maker by the end of the decade. The market has rewarded Nvidia for the tremendous growth in its revenue and earnings over the years, driven by the growing applications of the company's GPUs in multiple industries ranging from computers to data centers to cars and even factories. As such, there is a chance of Nvidia overtaking Apple's market cap in the long run, and this won't be surprising given how fast the former is anticipated to benefit from multiple growth drivers.
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AAPL revenue estimates for current fiscal year; data by YCharts. If we multiply the projected 2030 earnings with Apple's five-year average forward earnings multiple of 24, the stock price could jump to $221 by the end of the decade. Assuming Nvidia manages to hit $107 billion in revenue in fiscal 2026, its three-year revenue CAGR would stand at an impressive 58% based on its fiscal 2023 revenue of $27 billion.
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Nvidia (NASDAQ: NVDA) entered the $1 trillion market cap club this year thanks to a red-hot run in the stock market fueled by super high demand for its graphics processing units (GPUs) for training artificial intelligence (AI) models. Apple hasn't been able to match Nvidia's growth Over the past seven years, Nvidia's market cap has jumped an astonishing 2,300%, which is significantly higher than Apple's growth of just over 400% during the same period. Nvidia is sitting on a massive growth opportunity While Apple is struggling with saturated and crowded markets, Nvidia is the dominant force in the rapidly growing market for AI chips.
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AAPL revenue estimates for current fiscal year; data by YCharts. If we multiply the projected 2030 earnings with Apple's five-year average forward earnings multiple of 24, the stock price could jump to $221 by the end of the decade. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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96700792-f3d7-41bd-8a25-19d71f2b153c
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711668.0
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2023-12-14 00:00:00 UTC
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Is Amgen Stock a Buy Now?
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DCOMP
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https://www.nasdaq.com/articles/is-amgen-stock-a-buy-now-1
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nan
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nan
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This year hasn't been kind to biotech stocks, which as a group haven't kept pace with the broader market. The performance of the SPDR S&P Biotech ETF makes that clear. Leading drugmaker Amgen (NASDAQ: AMGN) has had a better showing, but it has still substantially trailed the S&P 500.
Still, long-term investors will want to know whether the drugmaker can deliver solid results over the long run -- and one year's worth of underperformance doesn't tell us much either way. For that, let's look into what's going on with Amgen and decide whether buying the biotech's shares today is worth it.
AMGN data by YCharts
Will top-line growth bounce back?
Amgen's revenue hasn't been growing at a good clip, for the most part, over the past few years. The company is dealing with increased competition, sometimes generic and sometimes not, for some of its key products. In the third quarter, revenue rose by nearly 4% year over year to $6.9 billion. That's not bad by the standards the drugmaker has set over the past three years.
AMGN Revenue (Quarterly YoY Growth) data by YCharts
Still, investors will want the biotech to deliver consistent top-line growth. Amgen has tried to remedy the situation by launching new products. One of them was Tezspire, an asthma treatment developed with AstraZeneca. The other was cancer medicine Lumakras, whose claim to fame was to be the first to target a mutation present in about 13% of lung cancer patients.
They haven't been on the market for that long, and neither is generating anywhere near enough sales to meaningfully impact Amgen's revenue yet. For instance, Tezspire's revenue in the third quarter was just $161 million, although that was an increase of 192.7% year over year. Amgen also seized on capturing some of the multibillion-dollar market that became available when Humira lost patent exclusivity earlier this year.
The company's generic version of the immunology medicine, Amjevita, generated $152 million in sales in Q3, up 30% year over year. Amgen's biggest growth drivers for the quarter included osteoporosis medicine Prolia, whose revenue of $986 million jumped 14% versus the prior-year period. The biotech also recently completed the acquisition of Horizon Therapeutics for about $28 billion in cash.
The key asset from the transaction was Tepezza, the first and only medicine approved by the U.S. Food and Drug Administration to treat thyroid eye disease. Tepezza was first given the green light in early 2020, and the pandemic disrupted its initial launch because most ophthalmologists' offices initially closed. Horizon Therapeutics did find a way to reach out directly to patients.
However, the backing of Amgen -- whose funds, sales team, and relationships in the healthcare industry are likely far greater than Horizon's -- should help improve things.
Further, Amgen can look to its pipeline, too. The company is developing several biosimilar products. It is betting on this market because most patients in the U.S. think prescription drug prices are too high, so there is a substantial need for cheaper options. Amgen is also developing brand-new products of its own, in addition to the many label expansions it should receive for its existing therapies.
While the past three years have been volatile on the top line for Amgen, this was a highly unusual period for any business given the pandemic. In my view, the company's revenue should stabilize within a couple of years and start moving in the right direction consistently again.
Amgen's strong dividend program
Amgen stock should appeal to income-seeking investors. The company's dividend yield of 3.14% is nearly twice the S&P 500's 1.62%. The biotech has raised its dividend by almost 47% in the past five years alone, while its cash payout ratio of 47.5% still looks reasonable. Of course, this won't matter much if Amgen's business encounters enough issues down the line to force the company to slash its payouts, but that seems unlikely.
Even amid the pandemic and the associated economic troubles -- both marketwide and company-specific ones -- the drugmaker has continued to reward shareholders with dividend hikes. That speaks volumes about the strength of Amgen's underlying business. As things improve for the company, which they will as older products begin to have less of an impact on its financial results, Amgen's dividend program should remain one of its brightest spots.
While the biotech doesn't offer an exciting business like those that focus on artificial intelligence, nor will it be a high-growth stock, Amgen is an excellent pick for risk-averse dividend investors focused on the long game.
Should you invest $1,000 in Amgen right now?
Before you buy stock in Amgen, 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 Amgen 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 7, 2023
Prosper Junior Bakiny has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends SPDR Series Trust-SPDR S&P Biotech ETF. The Motley Fool recommends Amgen and AstraZeneca Plc. 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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Amgen's biggest growth drivers for the quarter included osteoporosis medicine Prolia, whose revenue of $986 million jumped 14% versus the prior-year period. The key asset from the transaction was Tepezza, the first and only medicine approved by the U.S. Food and Drug Administration to treat thyroid eye disease. As things improve for the company, which they will as older products begin to have less of an impact on its financial results, Amgen's dividend program should remain one of its brightest spots.
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AMGN Revenue (Quarterly YoY Growth) data by YCharts Still, investors will want the biotech to deliver consistent top-line growth. Amgen's strong dividend program Amgen stock should appeal to income-seeking investors. Before you buy stock in Amgen, 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 Amgen wasn't one of them.
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Amgen's strong dividend program Amgen stock should appeal to income-seeking investors. While the biotech doesn't offer an exciting business like those that focus on artificial intelligence, nor will it be a high-growth stock, Amgen is an excellent pick for risk-averse dividend investors focused on the long game. Before you buy stock in Amgen, 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 Amgen wasn't one of them.
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For instance, Tezspire's revenue in the third quarter was just $161 million, although that was an increase of 192.7% year over year. While the past three years have been volatile on the top line for Amgen, this was a highly unusual period for any business given the pandemic. Before you buy stock in Amgen, 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 Amgen wasn't one of them.
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eaf4510d-3e73-49bd-bd97-a18d9dc94938
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711669.0
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2023-12-14 00:00:00 UTC
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Down 25%, This Magnificent Artificial Intelligence (AI) Stock Is a Screaming Buy Before It Jumps 170%
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DCOMP
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https://www.nasdaq.com/articles/down-25-this-magnificent-artificial-intelligence-ai-stock-is-a-screaming-buy-before-it
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nan
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nan
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The artificial intelligence (AI) craze has driven Super Micro Computer (NASDAQ: SMCI) stock up significantly this year, with shares of the company that's known for providing modular server solutions rising 222% in 2023 as of this writing. The good part is that investors still have an opportunity to add this high-flying stock to their portfolios.
After all, shares of Super Micro are down nearly 25% since hitting their 52-week highs in early August. Let's see what's dragging the stock down and check why this seems like an opportunity for savvy investors to buy a stock that could deliver eye-popping returns in the long run.
Its recent pullback doesn't seem justified
Super Micro Computer's fiscal 2023 fourth-quarter results, which were released in August this year, brought its red-hot rally to a screeching halt as investors weren't enamored by the company's soft guidance. But a closer look suggests that investors were simply looking for a reason to book profits as Super Micro delivered terrific growth and issued an encouraging outlook.
What's more, Super Micro recently raised its full-year guidance to a range of $10 billion to $11 billion from the prior range of $9.5 billion to $10.5 billion. At the midpoint, this indicates a year-over-year revenue jump of 48% from fiscal 2023's top line of $7.12 billion. That points toward an acceleration over the 37% revenue growth Super Micro delivered in the previous fiscal year.
Investors, however, seem to be influenced by other factors. For instance, Susquehanna analyst Mehdi Hosseini recently downgraded Super Micro stock to negative from neutral, citing margin pressure and its valuation. The analyst has a price target of $160 on the stock, which points toward a 40% drop from current levels.
However, the huge opportunity that Super Micro is sitting on in the AI server market could help accelerate the company's already impressive earnings growth that it has been delivering.
SMCI Revenue (TTM) data by YCharts
It is worth noting that Super Micro's non-GAAP (adjusted) net income jumped a whopping 109% in fiscal 2023 to $11.81 per share. According to consensus estimates, Super Micro's bottom line is likely to increase at a solid pace for the next three fiscal years as well.
Bears may argue that analysts are projecting Super Micro's earnings growth to decelerate next year. However, the company's focus on enhancing its manufacturing capacity could lead to stronger-than-expected growth, which also explains why its bottom-line growth is expected to accelerate in fiscal 2026. Super Micro recently raised its global capacity to 5,000 server racks per month from the prior level of 4,000.
SMCI EPS Estimates for Current Fiscal Year data by YCharts.
Barclays analyst George Wang, who has an overweight rating on Super Micro stock, estimates that the company's prior capacity of 4,000 racks a month could support annual revenue of $12 billion to $15 billion. So, a 25% increment in capacity means that Super Micro's annual revenue potential should have ideally increased to a range of $15 billion to $19 billion.
What's more, Super Micro management remarked on the previousearnings conference callthat the new facility that it is building in Malaysia could take its annual revenue capacity to more than $20 billion. More importantly, Super Micro believes that it could hit that mark in the next couple of years.
An attractively valued AI stock with upside potential
Super Micro stock is very cheap right now for the growth that it has been delivering. The company trades at just 2 times sales and 24 times trailing earnings. The forward earnings multiple of just 7 points toward a sharp jump in its earnings.
Super Micro expects to generate $20 billion in annual revenue over the next couple of years, which wouldn't be surprising given how fast the AI server market is growing. Foxconn, for instance, is forecasting 5x growth in the server market's revenue to $150 billion in 2027, which translates into a compound annual growth rate of 50% over the next four years.
Super Micro is well-positioned to capitalize on this growth in AI server revenue as its rack solutions can be used by server operators to house popular AI chips from the likes of Nvidia, AMD, and Intel. Super Micro's offerings are are in such solid demand because of the levels of customization it offers to customers, allowing them to make their servers more energy-efficient and cooler. This makes Super Micro's server solutions ideal for deploying AI chips.
As such, it won't be surprising to see Super Micro's top line jumping to $20 billion over the next two to three years, considering how fast the AI server market is growing. If that happens, Super Micro's market capitalization could jump to $40 billion based on its current sales multiple, which points toward a 170% upside from current levels.
That's why investors looking to buy an AI stock right now should consider Super Micro now, considering the potential gains it could deliver.
Should you invest $1,000 in Super Micro Computer right now?
Before you buy stock in Super Micro Computer, 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 Super Micro Computer 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
Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Intel and Super Micro Computer 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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The artificial intelligence (AI) craze has driven Super Micro Computer (NASDAQ: SMCI) stock up significantly this year, with shares of the company that's known for providing modular server solutions rising 222% in 2023 as of this writing. SMCI Revenue (TTM) data by YCharts It is worth noting that Super Micro's non-GAAP (adjusted) net income jumped a whopping 109% in fiscal 2023 to $11.81 per share. Super Micro expects to generate $20 billion in annual revenue over the next couple of years, which wouldn't be surprising given how fast the AI server market is growing.
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Barclays analyst George Wang, who has an overweight rating on Super Micro stock, estimates that the company's prior capacity of 4,000 racks a month could support annual revenue of $12 billion to $15 billion. Super Micro expects to generate $20 billion in annual revenue over the next couple of years, which wouldn't be surprising given how fast the AI server market is growing. The Motley Fool recommends Intel and Super Micro Computer 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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Barclays analyst George Wang, who has an overweight rating on Super Micro stock, estimates that the company's prior capacity of 4,000 racks a month could support annual revenue of $12 billion to $15 billion. An attractively valued AI stock with upside potential Super Micro stock is very cheap right now for the growth that it has been delivering. Before you buy stock in Super Micro Computer, 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 Super Micro Computer wasn't one of them.
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That points toward an acceleration over the 37% revenue growth Super Micro delivered in the previous fiscal year. However, the huge opportunity that Super Micro is sitting on in the AI server market could help accelerate the company's already impressive earnings growth that it has been delivering. Before you buy stock in Super Micro Computer, 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 Super Micro Computer wasn't one of them.
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024b18e3-864a-4dbe-9dab-f6316a4a5b67
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711670.0
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2023-12-14 00:00:00 UTC
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Buy Apple Stock in the Down Months. You’ll Be Glad You Did.
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DCOMP
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https://www.nasdaq.com/articles/buy-apple-stock-in-the-down-months.-youll-be-glad-you-did.
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It seems like only recently that media pundits were writing off Apple (NASDAQ:AAPL) stock, sometimes, you invest in an outstanding stock. Sometimes, you invest in a great company. And sometimes, as the late Charlie Munger would have said, you do both.
For Munger, that was Costco (NASDAQ:COST). He loved the company and served on its board from 1997 until his death in November. I suspect Munger felt the same about Apple, Berkshire Hathaway’s (NYSE:BRK.B) largest holding—two great companies with excellent long-term performance. I believe you can profit from Apple’s volatility. Even great companies sometimes go through tough times.
Profit from Downturns
Investors have learned the hard way over the years that market timing rarely works. It’s hard to know where the bottom or the top is. Even technical analysts would agree it’s not a precise science.
However, I went back to the beginning of 2019 and measured the monthly performance of Apple stock over the next 60 months through Dec. 13.
Here’s what I found.
Months Up Months Down Months Up 5%-10% Months Up 10%+ Months Down5%-10% Months Down 10%+
38 22 16 14 10 5
The Virginia Retirement System studied the annual returns of U.S. stocks on the S&P 500 between 1926 and 2014. It found positive returns in 73% of the years compared to 27% for negative returns. The positive years generated an average annual return of 21.47%, while the negative years had an average return of -14.29%.
Over the past 60 months, there were positive monthly returns for Apple stock 38 times, or 63.3% of the time. They are not identical returns to the study above, but are close enough. The average of the 38 years is 9.7%. The average of the down years is -6.61%. again, not identical, but close enough.
What’s the Play?
Okay, let’s say you buy $1,000 of Apple stock tomorrow through one of the online brokers that sells fractional shares. You then commit to putting aside cash for future buys at the end of the month when the stock delivers a negative return. Don’t bother with the months where the return is less than -5 %.
That leaves you with 15 purchases over 60 months.
So, in the months where Apple lost between 5-10%, on the first business day of the next month, put $50 (5% of original purchase) toward buying Apple stock. In the months where it’s down 10% or more, put $100 (10% of initial investment) toward purchasing stock.
Based on the past 60 months, you would have finished with a book value of $2,000 [$1,000 original investment + 10*$50 + 5*$100].
I know what you’re thinking: Why don’t I buy $16.67 Apple stock every month [$1,000 / 60 months)?
You could do that. My guess is you’ll get more bang for your buck by buying on the down months only. However, I promise to calculate and report how dollar-cost averaging works against my idea in a future article.
Even great stocks like Apple get beat up a little.
The Bottom Line on Apple Stock
All the media outlets were running out their stories about Apple hitting an all-time high on Dec. 13. The share price closed at $197.96, valuing Apple’s stock at $3.08 trillion, making it the world’s most valuable company.
Fortune pointed out Apple’s market cap was just $100 billion less than the French stock market. That includes LVMH (OTCMKTS:LVMUY), easily one of my favorite global companies.
Someone once said the best time to buy stock is when you have the money. That goes double for Apple. If it’s good enough for Warren Buffett, it should be good for the rest of us.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post Buy Apple Stock in the Down Months. You’ll Be Glad You Did. appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I suspect Munger felt the same about Apple, Berkshire Hathaway’s (NYSE:BRK.B) largest holding—two great companies with excellent long-term performance. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Buy Apple Stock in the Down Months.
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The positive years generated an average annual return of 21.47%, while the negative years had an average return of -14.29%. Over the past 60 months, there were positive monthly returns for Apple stock 38 times, or 63.3% of the time. So, in the months where Apple lost between 5-10%, on the first business day of the next month, put $50 (5% of original purchase) toward buying Apple stock.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips It seems like only recently that media pundits were writing off Apple (NASDAQ:AAPL) stock, sometimes, you invest in an outstanding stock. Months Up Months Down Months Up 5%-10% Months Up 10%+ Months Down5%-10% Months Down 10%+ 38 22 16 14 10 5 The Virginia Retirement System studied the annual returns of U.S. stocks on the S&P 500 between 1926 and 2014. Over the past 60 months, there were positive monthly returns for Apple stock 38 times, or 63.3% of the time.
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Sometimes, you invest in a great company. Profit from Downturns Investors have learned the hard way over the years that market timing rarely works. Over the past 60 months, there were positive monthly returns for Apple stock 38 times, or 63.3% of the time.
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1e81f8d6-7ff1-4c6a-949f-1e95a8b200c8
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711671.0
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2023-12-14 00:00:00 UTC
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1 Stock Down 75% that Wall Street Expects to Soar 70%
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https://www.nasdaq.com/articles/1-stock-down-75-that-wall-street-expects-to-soar-70
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The S&P 500 is up 23% this year as we get close to the end of 2023. That's within striking distance of a new bull market, as the S&P 500 is close to the high it set in December 2021.
It's no wonder investors are preparing for stocks to skyrocket next year. Inflation is down to 3.1%, and the Federal Reserve hasn't raised interest rates since July.
A new bull market will bring a surge in prices, but investors shouldn't get caught up in the frenzy of hyped-up stocks and forget the fundamentals. Online learning portal Nerdy (NYSE: NRDY) disappointed investors since going public in 2021, but Wall Street sees a bright 2024. Is now the time to buy?
What does Nerdy do?
Nerdy operates an online platform called Varsity Tutors featuring live and recorded classes plus support. It offers several packages geared toward individuals, communities, and schools, and it recently shifted from per-class pricing to a subscription setup. The subscription model leads to stronger unit economics, with a recurring revenue stream that drives a higher revenue run rate.
Nerdy works with live tutors who drive its business, but it's expanding and improving its artificial intelligence (AI) and digital experience to bolster its classes, resources, and services. In September, overall non-tutoring engagement was up 54% year over year and 68% for new members in their first month. New members increased 40%.
Nerdy is improving its AI-enabled chat system, which is always available. These changes are driving higher engagement from members, and members who engage more have higher lifetime retention metrics. They also drive margin expansion since they don't come with additional costs for tutors.
The major opportunity is with schools and institutions, which book large contracts for groups of students and come with high financial backing.
Why Nerdy stock has disappointed
Nerdy went public at the height of the special purpose acquisition company (SPAC) craze right before the bear market started. It promptly fell and is now 75% off its first-day closing price.
Revenue has been growing, but modestly, and below expectations. Worse though, it has swung from positive net income to net losses.
Nerdy has been dealing with the educational fallout of COVID-19, which hindered its growth over the past few years. However, it made some progress in the 2023 third quarter, with revenue up 27% year over year, above internal guidance. The major growth is in the institutional business, which increased 133% over last year, and the shift to the subscription model, or what it calls "always-on" learning, aided the higher growth as well. It also contributed to an increase in gross margin from 69% to 72.4%.
Cash flow is still negative, with an outflow of $4.8 million in the third quarter, although that was an improvement from $13.3 million in 2022. Net losses improved from $32 million to $20 million.
Wall Street was expecting an adjusted net loss per share of $0.12, and Nerdy reported $0.01. However, it came in below expectations for sales.
What to expect from Nerdy stock in 2024
Nerdy stock is up 37% in 2023, and the average consensus on Wall Street is for a 70% gain over the next 12 to 19 months. Out of nine covering analysts, six rate it a buy, and none rate it a sell. (The others are between hold and outperform.) The highest price target is 105% higher than today.
Nerdy operates a growing business that leverages technology to improve traditional learning systems, and its shift toward subscriptions and institutions could drive high growth over time. However, it's still moving around and finding its way forward, as well as posting net losses. I wouldn't recommend buying it at this stage, but if you have a high risk tolerance, you could follow Wall Street's lead and take a small position.
Should you invest $1,000 in Nerdy right now?
Before you buy stock in Nerdy, 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 Nerdy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A new bull market will bring a surge in prices, but investors shouldn't get caught up in the frenzy of hyped-up stocks and forget the fundamentals. Nerdy works with live tutors who drive its business, but it's expanding and improving its artificial intelligence (AI) and digital experience to bolster its classes, resources, and services. Nerdy operates a growing business that leverages technology to improve traditional learning systems, and its shift toward subscriptions and institutions could drive high growth over time.
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The major growth is in the institutional business, which increased 133% over last year, and the shift to the subscription model, or what it calls "always-on" learning, aided the higher growth as well. Nerdy operates a growing business that leverages technology to improve traditional learning systems, and its shift toward subscriptions and institutions could drive high growth over time. Before you buy stock in Nerdy, 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 Nerdy wasn't one of them.
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What to expect from Nerdy stock in 2024 Nerdy stock is up 37% in 2023, and the average consensus on Wall Street is for a 70% gain over the next 12 to 19 months. Before you buy stock in Nerdy, 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 Nerdy wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jennifer Saibil has no position in any of the stocks mentioned.
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What does Nerdy do? What to expect from Nerdy stock in 2024 Nerdy stock is up 37% in 2023, and the average consensus on Wall Street is for a 70% gain over the next 12 to 19 months. Before you buy stock in Nerdy, 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 Nerdy wasn't one of them.
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711672.0
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2023-12-14 00:00:00 UTC
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Should You Buy Toast Stock While It's Below $19?
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https://www.nasdaq.com/articles/should-you-buy-toast-stock-while-its-below-%2419
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Investing requires two skills: evaluating good business opportunities and determining a good price to pay. When it comes to restaurant technology company Toast (NYSE: TOST), allow me to start with the price to pay, otherwise known as the valuation.
At $19 per share, Toast would have a market capitalization of about $10 billion. The company has generated almost $3.6 billion in trailing-12-month revenue. Therefore, trading at $19 per share or lower, Toast stock has a price-to-sales (P/S) valuation of less than 3.
In isolation, Toast's valuation is quite reasonable, which might motivate investors to buy shares while they're still below $19 -- they trade at $17.24 as of this writing. But to determine whether or not Toast stock is a good buy, investors must solve for the other half of the equation and evaluate whether this is a good business opportunity.
Spoiler alert: Toast is promising.
Why Toast is a promising business
Toast generates revenue by selling hardware for processing payments at restaurants as well as by providing professional services to get everything set up. These two business segments (hardware and professional services) have negative gross profit margins.
Once up and running, Toast also generates revenue by taking a small cut of each transaction and by selling subscription software modules to its restaurant customers. Of these two revenue generators, transactional revenue is less profitable with a 22% gross margin through the first three quarters of 2023.
However, Toast's subscription revenue boasted a 67% gross margin over the same period, up from 65% last year. Moreover, the company's subscription revenue is growing fast, up 56% year over year so far in 2023.
As Toast's subscription revenue grows, its overall gross margin gets a boost. That's what's been happening over the past year, as seen in the chart below.
Data by YCharts.
Higher gross profit points to Toast's potential when it comes to future operating profits. To be clear, the company reported an operating loss of $231 million through the first three quarters of 2023, which is substantial. But that figure is improving, and if its gross profit can keep trending higher, then its operating profits should follow suit.
Toast's largest operating expense is sales and marketing, which makes sense. The company targets many smaller restaurant companies in contrast to competitor Olo, which has secured business from many larger restaurant players. It takes a little more effort from the sales team to target these players.
Even though Toast is spending a lot on sales and marketing, at least it's getting results. As of the third quarter, 99,000 restaurant locations were using the company's products. That's up 34% year over year and 6% quarter over quarter.
What could go wrong
Earlier this year, Toast rolled out a fee on all orders that wasn't well received by its customers. Management quickly eliminated the fee and apologized, but it's unclear how much brand damage was done. In short, investors are about to find out how sticky this business is and whether restaurants are willing to switch from one technology platform to another.
Some might point out that Toast still grew in Q3. However, there's a lag between what's happened and how customers may respond. When the company talks about risks, it says, "Because we recognize revenue from subscription contracts over the term of the relevant subscription period, downturns or upturns in sales are not immediately reflected in full in our results of operations."
In other words, investors need to keep an eye on Toast's customer count and its average spending per customer over the coming year -- contracts with customers are generally between one and three years in length.
Assuming Toast does retain its customers in spite of its unforced error, that would be a massively bullish signal for long-term investors. It would mean that its business is indeed sticky, and customers are reluctant to switch even when frustrated.
It would also suggest that Toast can pull back on sales and marketing expenses someday, gaining operating leverage with scale.
On top of winning new customers, Toast can upsell its existing customers with additional subscription software modules -- most customers use only a fraction of the tools available. This would continue to boost its subscription revenue, sending its gross profit higher.
With that in mind, Toast is a promising company trading at a reasonable valuation, which is why some investors may want to pick up some shares today while they still trade below $19. This may also be a good candidate for dollar-cost averaging. Investors can buy some shares today but also add to their positions as the platform's stickiness is made evident in future financial results.
Should you invest $1,000 in Toast right now?
Before you buy stock in Toast, 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 Toast 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
Jon Quast has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Olo. The Motley Fool recommends Toast. 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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Once up and running, Toast also generates revenue by taking a small cut of each transaction and by selling subscription software modules to its restaurant customers. Assuming Toast does retain its customers in spite of its unforced error, that would be a massively bullish signal for long-term investors. Investors can buy some shares today but also add to their positions as the platform's stickiness is made evident in future financial results.
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Why Toast is a promising business Toast generates revenue by selling hardware for processing payments at restaurants as well as by providing professional services to get everything set up. Once up and running, Toast also generates revenue by taking a small cut of each transaction and by selling subscription software modules to its restaurant customers. Before you buy stock in Toast, 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 Toast wasn't one of them.
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Why Toast is a promising business Toast generates revenue by selling hardware for processing payments at restaurants as well as by providing professional services to get everything set up. In other words, investors need to keep an eye on Toast's customer count and its average spending per customer over the coming year -- contracts with customers are generally between one and three years in length. Before you buy stock in Toast, 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 Toast wasn't one of them.
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Of these two revenue generators, transactional revenue is less profitable with a 22% gross margin through the first three quarters of 2023. In other words, investors need to keep an eye on Toast's customer count and its average spending per customer over the coming year -- contracts with customers are generally between one and three years in length. Before you buy stock in Toast, 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 Toast wasn't one of them.
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7c681766-d2d5-4c80-81b6-fd967dffda01
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711673.0
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2023-12-14 00:00:00 UTC
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If You Had Invested $10,000 in Novo Nordisk in 2018, This Is How Much You Would Have Today
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DCOMP
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https://www.nasdaq.com/articles/if-you-had-invested-%2410000-in-novo-nordisk-in-2018-this-is-how-much-you-would-have-today
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Novo Nordisk (NYSE: NVO) has become one of the hottest names in healthcare. Its diabetes medication Ozempic has become a household name and a trending topic on social media. People have been using the drug to help lose weight, and they are achieving incredible results. It has been so disruptive it even has businesses in other industries, like snacking, having to answer questions about the possible implications Ozempic may have on their operations and growth prospects.
Understandably, this has made Novo Nordisk stock incredibly popular with investors. This year alone, its shares are up over 40%. How large would your gains be if you had invested in the stock five years ago, before Ozempic became a game changer for the business?
Where Novo Nordisk was trading five years ago
On the first trading day of December 2018, you could have bought Novo Nordisk stock for about $46. If you had invested $10,000 into the stock back then, you would have acquired approximately 217 shares.
Earlier this year, the healthcare company split its shares 2-for-1, which would have turned those 217 shares into 434 shares, each worth half as much -- so the event wouldn't have any direct impact on the total value of your investment. However, splitting shares and bringing down their price can help a company improve its stock's liquidity. It can also make the stock appear more attractive to retail investors.
Today, shares of Novo Nordisk trade at around $95, so a stake of 434 shares would be worth approximately $41,230. That amounts to a price gain of 312%. By comparison, an equal investment in the S&P 500 would be worth around $16,800. Novo Nordisk, thanks to the soaring popularity of Ozempic, has trounced the market over the past five years.
There could still be more growth to come
As well as Novo Nordisk has performed in recent years, this is still a stock with plenty of room to get more valuable in the future. Ozempic isn't technically the company's weight-loss drug -- that's Wegovy, which has the same active ingredient, semaglutide, and which can be prescribed at a higher maximum dosage. Patients have simply been using Ozempic off-label for that purpose because of how effective it has been.
Wegovy is still in the early stages of its rollout. In addition to the U.S., it is available in Denmark, Norway, Germany, the U.K., and Iceland. The company also plans to launch it in Japan by February. But Novo Nordisk has had to limit the rollout in some markets because supplies of the drug remain limited relative to demand.
Through the first nine months of the year, Wegovy generated sales totaling 21.7 billion Danish kroner ($3.1 billion) and has accounted for 13% of the company's total revenue. Wegovy's sales are nearly 6 times what they were this time last year, and yet there is still much more growth to come. The company is planning to invest $6 billion to increase its production capacity, which should help alleviate the supply limitations and help pave the way to more revenue growth in the future for Wegovy and other drugs.
It's not too late to invest in Novo Nordisk
Novo Nordisk's stock surged over the past five years, but there's no reason to think that it can't continue to rise in the next five years as well. As well as the company has performed, there's still plenty of potential for Novo Nordisk to become more valuable in the future, particularly as Wegovy becomes a bigger name in weight loss.
For long-term investors, now is as good a time as any to load up on shares of Novo Nordisk. The healthcare giant still has a bright future ahead of it.
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 11, 2023
David Jagielski 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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Ozempic isn't technically the company's weight-loss drug -- that's Wegovy, which has the same active ingredient, semaglutide, and which can be prescribed at a higher maximum dosage. The company is planning to invest $6 billion to increase its production capacity, which should help alleviate the supply limitations and help pave the way to more revenue growth in the future for Wegovy and other drugs. As well as the company has performed, there's still plenty of potential for Novo Nordisk to become more valuable in the future, particularly as Wegovy becomes a bigger name in weight loss.
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Understandably, this has made Novo Nordisk stock incredibly popular with investors. It's not too late to invest in Novo Nordisk Novo Nordisk's stock surged over the past five years, but there's no reason to think that it can't continue to rise in the next five years as well. 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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Where Novo Nordisk was trading five years ago On the first trading day of December 2018, you could have bought Novo Nordisk stock for about $46. It's not too late to invest in Novo Nordisk Novo Nordisk's stock surged over the past five years, but there's no reason to think that it can't continue to rise in the next five years as well. 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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This year alone, its shares are up over 40%. 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.
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711674.0
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2023-12-14 00:00:00 UTC
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Will Amazon Become SpaceX's Biggest Customer?
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DCOMP
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https://www.nasdaq.com/articles/will-amazon-become-spacexs-biggest-customer
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nan
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nan
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It's been just under 20 months now since Amazon.com (NASDAQ: AMZN) announced the single biggest space launching campaign in history: A project to contract 93 separate rocket launches from a total of four separate rocket launch providers to put its Project Kuiper satellite constellation in orbit.
(Note for SpaceX fans: Yes, it's true that SpaceX has launched more rocket missions dedicated to its own Starlink satellites -- a total of 126 such launches, in fact. But SpaceX didn't actually announce how many launches it would be making).
Including a single, solitary launch of its first two test satellites with start-up ABL Space Systems (which didn't actually happen -- Amazon ended up launching with United Launch Alliance instead), Amazon said it would fly:
47 times with ULA.
27 times with Amazon-affiliated Blue Origin (both companies were founded by Jeff Bezos).
And 18 times with Europe's Arianespace.
But Amazon announced a grand total of zero launches with Jeff Bezos's arch-space rival, Elon Musk and SpaceX.
A curious decision
This was a curious decision, to say the least, given that SpaceX was then and still is today the world's biggest rocket launch company -- and also the cheapest to launch with. In August 2023, Amazon actually found itself on the wrong side of a lawsuit by one of its shareholders. The Cleveland Bakers and Teamsters Pension Fund alleged that Amazon "acted in bad faith," yielding to "conflicts of interest," and as a result, overpaid for its launch contracts by "hundreds of millions of dollars" by refusing to work with SpaceX on Project Kuiper.
At last report, this lawsuit was still working its way through the courts. But as we've just learned, Amazon may be taking steps to defang the plaintiff's lawyers and minimize the fallout of its 2022 decision.
On Dec. 1, 2023, Amazon announced that it would be buying some rocket rides from SpaceX after all.
Curiouser and curiouser
Specifically, the AboutAmazon.com blog stated that Amazon has contracted with SpaceX "to support deployment plans for Project Kuiper" by launching three Falcon 9 rockets beginning in mid-2025, supplementing the "earlier procurement of 77 heavy-lift rockets from Arianespace, Blue Origin, and United Launch Alliance (ULA)."
Now, even this brief blog post from Amazon contains several things worth highlighting:
First and most obvious is the fact that Amazon has performed an about-face on SpaceX. Whether this was a tactical decision to defend itself against the Cleveland Bakers and Teamsters Pension Fund lawsuit or simply an economic decision to buy some cheap rocket rides from the lowest-cost rocket launcher on Earth remains to be seen. Either way, it means Amazon will be paying at least a couple hundred million dollars to SpaceX, which is likely to be its biggest rival in satellite internet in the future.
Second, note that Amazon's latest announcement references "77" as the original number of rocket launches purchased rather than 92. The reason is that, back in April 2022, Amazon said that 15 of the 92 launches it was planning were optioned "additional launches" with Blue Origin -- and thus, launches that might or might not actually be needed. So it looks like the three SpaceX launches just announced are coming out of Blue Origin's share of the April 2022 mega-contract.
And if this is the case, then potentially, even more launch contracts might be awarded to SpaceX at Blue Origin's expense. As many as all 15 "additional launches?" Perhaps. And if that's the case, then at $67 million per launch, Amazon just might be willing to deposit as much as $1 billion in the bank account of its primary space competitor as the price of getting its own service in orbit as fast as possible.
Third, finally, and most important of all for Amazon.com investors, Amazon stated that it intends to begin launching satellites en masse "beginning in the first half of 2024, and we expect to have enough satellites deployed to begin early customer pilots in the second half of 2024."
That's actually quite significant.
Get ready for Amazon.com satellite internet
On the one hand, it's obviously not great news for Amazon that it needs to subsidize SpaceX's launch business in order to get its own internet business up and running as fast as possible. Still, consider what that speed might mean for Amazon:
Amazon only launched its first test satellites for Project Kuiper back in October. If it's already contemplating mass launches six months from now and beta testing less than 12 months from now, then that's a really fast timeline. For context, SpaceX didn't begin its "beta" pilot of Starlink service for two-and-a-half years after launching its first test satellites.
Long story short, satellite internet from Amazon.com may be coming a lot sooner than you think.
Should you invest $1,000 in Amazon right now?
Before you buy stock in Amazon, 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 Amazon 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. Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Cleveland Bakers and Teamsters Pension Fund alleged that Amazon "acted in bad faith," yielding to "conflicts of interest," and as a result, overpaid for its launch contracts by "hundreds of millions of dollars" by refusing to work with SpaceX on Project Kuiper. And if that's the case, then at $67 million per launch, Amazon just might be willing to deposit as much as $1 billion in the bank account of its primary space competitor as the price of getting its own service in orbit as fast as possible. For context, SpaceX didn't begin its "beta" pilot of Starlink service for two-and-a-half years after launching its first test satellites.
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It's been just under 20 months now since Amazon.com (NASDAQ: AMZN) announced the single biggest space launching campaign in history: A project to contract 93 separate rocket launches from a total of four separate rocket launch providers to put its Project Kuiper satellite constellation in orbit. Curiouser and curiouser Specifically, the AboutAmazon.com blog stated that Amazon has contracted with SpaceX "to support deployment plans for Project Kuiper" by launching three Falcon 9 rockets beginning in mid-2025, supplementing the "earlier procurement of 77 heavy-lift rockets from Arianespace, Blue Origin, and United Launch Alliance (ULA)." For context, SpaceX didn't begin its "beta" pilot of Starlink service for two-and-a-half years after launching its first test satellites.
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It's been just under 20 months now since Amazon.com (NASDAQ: AMZN) announced the single biggest space launching campaign in history: A project to contract 93 separate rocket launches from a total of four separate rocket launch providers to put its Project Kuiper satellite constellation in orbit. Including a single, solitary launch of its first two test satellites with start-up ABL Space Systems (which didn't actually happen -- Amazon ended up launching with United Launch Alliance instead), Amazon said it would fly: 47 times with ULA. Curiouser and curiouser Specifically, the AboutAmazon.com blog stated that Amazon has contracted with SpaceX "to support deployment plans for Project Kuiper" by launching three Falcon 9 rockets beginning in mid-2025, supplementing the "earlier procurement of 77 heavy-lift rockets from Arianespace, Blue Origin, and United Launch Alliance (ULA)."
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It's been just under 20 months now since Amazon.com (NASDAQ: AMZN) announced the single biggest space launching campaign in history: A project to contract 93 separate rocket launches from a total of four separate rocket launch providers to put its Project Kuiper satellite constellation in orbit. Curiouser and curiouser Specifically, the AboutAmazon.com blog stated that Amazon has contracted with SpaceX "to support deployment plans for Project Kuiper" by launching three Falcon 9 rockets beginning in mid-2025, supplementing the "earlier procurement of 77 heavy-lift rockets from Arianespace, Blue Origin, and United Launch Alliance (ULA)." Before you buy stock in Amazon, 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 Amazon wasn't one of them.
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b48206bd-32ea-4a15-8db1-34e7164369ca
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711675.0
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2023-12-14 00:00:00 UTC
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This Ultra-High-Yield Dividend Stock Just Gave Shareholders Another Raise, and It Can Keep Growing Payments for Years to Come
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DCOMP
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https://www.nasdaq.com/articles/this-ultra-high-yield-dividend-stock-just-gave-shareholders-another-raise-and-it-can-keep
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Sometimes a boring company that consistently pays out its growing free cash flow is something to get excited about. That's especially true when there's a clear path to continued dividend increases.
One such company offering an exceptional dividend is Enbridge (NYSE: ENB). The Canadian pipeline company just announced another raise for shareholders in 2024, bringing it to 29 straight years of dividend increases. The payout increased just over 3% and now yields about 7.7%.
There's a lot to like about the stock at today's price. And investors should expect even more dividend increases for years to come.
An income stream that can easily beat inflation
One of the most attractive factors for Enbridge is that 80% of its earnings are protected against inflation. That means its annual dividend increases should have no problem keeping up with the cost of living.
Most of the company's assets are highly regulated. So, while that can put a cap on what Enbridge can charge customers, it also provides predictable inflation-protected rate increases. Indeed, management has put a major focus in acquiring more "utility-like" assets over the last few years, and it's making a big increase in actual utilities with the acquisition of three properties from Dominion.
As a result, management expects steady improvements in earnings and cash flow in 2024 across all four of its major segments.
SEGMENT EBITDA GROWTH GUIDANCE
Liquids pipeline $300 million
Gas transmission & midstream $400 million
Gas distribution & storage $150 million
Renewable power $100 million
Data source: Enbridge. EBITDA = earnings before interest, taxes, depreciation, and amortization.
On top of rate increases, growth will be driven by several factors: higher utilization for its pipelines; and its 2023 acquisitions of Morrow Renewables, Aitken Creek, and Tres Palacios for its gas transmission business and the benefits of scale that come with it. And several projects and acquisitions in its burgeoning renewables business will boost profits next year.
The addition of the gas utilities from Dominion provides more upside to Enbridge's guidance, but likely won't have a major impact on the business until 2025.
Enbridge also plans to refinance about $7 billion of debt next year, which will result in higher interest expenses for the business. Still, the company's inflation-protected assets should position it well to absorb the higher interest cost.
Slow and steady
Enbridge's dividend payout sits right in the middle of management's goal of 60% to 70% of distributable cash flow (DCF). And with its increased focus on utility-like assets, that DCF is set for steady growth for the foreseeable future. That should translate into those annual dividend increases for shareholders.
For the midterm, management expects to be able to add around 3% per year to its DCF. It faces modest near-term headwinds from higher interest expenses and some timing of capital expenses to maintain its assets. As such, investors can expect cash flow to closely match Enbridge's EBITDA growth in the long run.
Management sees EBITDA growing around 5% annually for the foreseeable future with DCF growing right in line post-2025.
That should support a dividend increase in the low to mid single digits every year. But even a modest 3% to 5% increase on a 7.7% yield is nothing to sneeze at.
The stock is a bargain
Not only is the dividend attractive with a strong likelihood of continued steady increases, but Enbridge's stock is also a great bargain.
It currently has an enterprise value (EV) of just 11 times the midpoint of management's 2024 EBITDA guidance. And remember: There's some small upside there from the Dominion utility acquisitions.
The stock historically trades for an EV/EBITDA multiple of around 14, suggesting there's a lot of upside to the stock price.
Even if investors don't see significant capital appreciation, they can sit back and collect their massive payout year after year. So for income investors, Enbridge makes a good addition to a dividend stock portfolio.
Should you invest $1,000 in Enbridge right now?
Before you buy stock in Enbridge, 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 Enbridge 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
Adam Levy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enbridge. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Indeed, management has put a major focus in acquiring more "utility-like" assets over the last few years, and it's making a big increase in actual utilities with the acquisition of three properties from Dominion. On top of rate increases, growth will be driven by several factors: higher utilization for its pipelines; and its 2023 acquisitions of Morrow Renewables, Aitken Creek, and Tres Palacios for its gas transmission business and the benefits of scale that come with it. Slow and steady Enbridge's dividend payout sits right in the middle of management's goal of 60% to 70% of distributable cash flow (DCF).
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Liquids pipeline $300 million Gas transmission & midstream $400 million Gas distribution & storage $150 million Renewable power $100 million Data source: Enbridge. So for income investors, Enbridge makes a good addition to a dividend stock portfolio. Before you buy stock in Enbridge, 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 Enbridge wasn't one of them.
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Indeed, management has put a major focus in acquiring more "utility-like" assets over the last few years, and it's making a big increase in actual utilities with the acquisition of three properties from Dominion. The stock is a bargain Not only is the dividend attractive with a strong likelihood of continued steady increases, but Enbridge's stock is also a great bargain. Before you buy stock in Enbridge, 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 Enbridge wasn't one of them.
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And investors should expect even more dividend increases for years to come. Still, the company's inflation-protected assets should position it well to absorb the higher interest cost. Before you buy stock in Enbridge, 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 Enbridge wasn't one of them.
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e9399fe8-b1b2-445a-86dd-80d76fd4bdad
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711676.0
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2023-12-14 00:00:00 UTC
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Want $300 of Passive Income? Invest $15,000 in These 2 Dow Dividend Giants.
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DCOMP
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https://www.nasdaq.com/articles/want-%24300-of-passive-income-invest-%2415000-in-these-2-dow-dividend-giants.
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The Dow Jones Industrial Average is a great place to go shopping if you're an investor seeking passive income. This collection of 30 of the world's largest publicly traded businesses is packed with companies that have stellar track records for earnings growth. Their dividend yields provide instant cash returns, too, with a high chance of steady annual hikes on the way for many years into the future.
It doesn't take a very large investment to start to build that income stream, either. With a $15,000 investment split about evenly between Walmart (NYSE: WMT) and Home Depot (NYSE: HD), for example, you'd receive about $300 annually, or 2% on your cost. Here's why that's an attractive option for dividend stock investors today.
Walmart is well-positioned
Walmart's dividend yield is relatively small at 1.5%, but don't let that issue scare you away from this stock. The retailer is checking all the right boxes for investors, after all.
Sales growth was a healthy 5% year over year in the most recent quarter, putting it well ahead of peers like Target. Shoppers are more focused on saving money and on buying consumer essentials like groceries these days, and that trend favors Walmart's focus on value.
Look beyond the headline numbers and there's even better news for this retailer. Walmart's customer traffic is solidly positive, and shoppers are spending more with each visit. Profit margins are improving as well. Sure, Walmart's executive team had some cautious comments about short-term growth trends. But its slim inventory holdings and strong traffic trends mean it has a good chance of continuing its positive momentum into 2024 and beyond.
Home Depot will bounce back
It's understandable that Home Depot stock would trail the market this year as rising interest rates have slowed the housing market. The company has been through many previous downturns, though, including the Great Recession. It emerged from each of these slumps to set new sales records, though. Look for another such rebound ahead, potentially starting in 2024.
Home Depot is expecting comparable-store sales to drop by between 3% and 4% this year, roughly consistent with the declines expected by peer Lowe's. Yet profits will remain strong.
Home Depot's operating margin is on track to stay above 14% of sales. Home Depot is also one of the market's most efficient businesses when it comes to return on invested capital. That's a sure sign the management team is good at allocating excess cash, whether that means more investments in the e-commerce infrastructure, stock buybacks, or a rising dividend.
Home Depot aims to return 55% of annual earnings to shareholders in the form of dividend payments. That's more generous than Lowe's 35% goal and is one reason why its yield is so high.
Sure, the dividend stock might underperform if the economy tilts into a recession in the coming quarters. But that's a normal part of the retailing world. Income investors can look past those short-term swings to focus on Home Depot's bright future as it keeps capitalizing on its dominant position in the attractive home improvement industry.
Should you invest $1,000 in Home Depot right now?
Before you buy stock in Home Depot, 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 Home Depot 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
Demitri Kalogeropoulos has positions in Home Depot. The Motley Fool has positions in and recommends Home Depot, Target, and Walmart. The Motley Fool recommends Lowe's Companies. 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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This collection of 30 of the world's largest publicly traded businesses is packed with companies that have stellar track records for earnings growth. Their dividend yields provide instant cash returns, too, with a high chance of steady annual hikes on the way for many years into the future. That's a sure sign the management team is good at allocating excess cash, whether that means more investments in the e-commerce infrastructure, stock buybacks, or a rising dividend.
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Income investors can look past those short-term swings to focus on Home Depot's bright future as it keeps capitalizing on its dominant position in the attractive home improvement industry. Before you buy stock in Home Depot, 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 Home Depot wasn't one of them. The Motley Fool has positions in and recommends Home Depot, Target, and Walmart.
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Home Depot will bounce back It's understandable that Home Depot stock would trail the market this year as rising interest rates have slowed the housing market. Before you buy stock in Home Depot, 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 Home Depot wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Demitri Kalogeropoulos has positions in Home Depot.
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Should you invest $1,000 in Home Depot right now? Before you buy stock in Home Depot, 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 Home Depot wasn't one of them. The Motley Fool has positions in and recommends Home Depot, Target, and Walmart.
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1f1d1863-4897-44ab-86ce-82682504cda3
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711677.0
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2023-12-14 00:00:00 UTC
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2 Stocks Down 55% and 34% to Buy Right Now
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https://www.nasdaq.com/articles/2-stocks-down-55-and-34-to-buy-right-now
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The tech sector has soared this year partly on hopes that new artificial intelligence (AI) technologies will drive the next major revolution in business and beyond.
Despite those gains (the Dow Jones Industrial Average recently set new all-time highs), several tech stocks continue to trade down significantly from their peaks, setting up excellent buying opportunities. Among these undervalued tech stocks, Palantir (NYSE: PLTR) and The Trade Desk (NASDAQ: TTD) look like particularly good buys today.
Two Motley Fool contributors were asked to provide some details on these two discounted stocks. Here's what they found.
Image source: Getty Images.
Palantir: This red-hot AI stock still has huge potential
Keith Noonan: No question about it, artificial intelligence (AI) has been 2023's hottest stock market trend -- and it powered impressive gains for some top players in the space. With Palantir's share price up roughly 178% this year, you can certainly count the data analytics and AI specialist among the big winners.
Despite the big 2023 runup, the stock still trades down roughly 55% from the high it reached in early 2021. More importantly, the business appears to be in the early stages of capitalizing on massive long-term opportunities in the AI space.
It launched the Palantir Artificial Intelligence Platform (AIP) software suite in May. By the time the company reported its second-quarter results in August, over 100 clients had already signed up for the service. With the third-quarter report Palantir published early in November, the company announced that nearly 300 organizations had signed up for AIP.
The AI service already appears to be spurring a new growth phase for the company. Palantir's revenue climbed 17% year over year to $558 million in Q3. This was a significant acceleration from the 13% growth it posted in Q2. Even better, there's a good chance that organizations that have begun to use AIP will scale up their usage over time, spurring continued revenue growth for Palantir.
Crucially, Palantir also turned a corner when it came to profitability. The AI specialist just recorded its fourth consecutive quarter of profitability on a generally accepted accounting principles (GAAP) basis. With net income of $72 million last quarter, Palantir's net income margin was approximately 13%. That's an impressive performance for a company that recently launched and marketed a major new tech service and continues to invest in other long-term growth initiatives.
With Palantir's AI opportunities heating up and its financial profile continuing to improve, the stock could still deliver market-crushing returns for investors.
Digital advertising is ready for a rebound
Jeremy Bowman (The Trade Desk): Stocks soared on Wednesday after Federal Reserve Chairman Jerome Powell indicated that the central bank was likely done raising interest rates for this cycle and that it expected to lower the benchmark federal funds rate three times next year.
However, few stocks gained as much as those in the adtech sector. Advertising is one of the first places that businesses cut spending when they're anticipating a recession. Now, it seems like the economy will get the soft landing that the Fed had been steering it toward, and Powell said there was little basis to think the U.S. was currently in a recession. Next year's interest cuts should support that soft landing.
Among the winners from that announcement was The Trade Desk, the leading independent demand-side advertising platform. The stock price jumped 4% after the Fed delivered its latest statement.
The Trade Desk is a long-term outperformer on the stock market as the company has a reputation for forging strong relationships with ad agencies, innovating with new products like its AI platform Kokai, and deploying easy-to-use, self-serve technology.
Shares of Trade Desk tumbled last month after the company gave weaker-than-expected guidance for the fourth quarter, but that sell-off and the improving macroeconomic environment have set up a good buying opportunity. The Trade Desk is now down 34% from its all-time high.
The Trade Desk should benefit from a number of catalysts next year as it deploys new features from Kokai, rides a recovery in digital advertising, and as lower interest rates should encourage more business investment and an increase in advertising spending.
The company is solidly profitable and still growing quickly. If the economy strengthens and market sentiment improves, The Trade Desk's stock could soar in 2024.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and The Trade Desk made the list -- but there are 9 other stocks you may be overlooking.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jeremy Bowman has positions in The Trade Desk. Keith Noonan has positions in The Trade Desk. The Motley Fool has positions in and recommends Palantir Technologies and The Trade Desk. 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 tech sector has soared this year partly on hopes that new artificial intelligence (AI) technologies will drive the next major revolution in business and beyond. The Trade Desk is a long-term outperformer on the stock market as the company has a reputation for forging strong relationships with ad agencies, innovating with new products like its AI platform Kokai, and deploying easy-to-use, self-serve technology. Shares of Trade Desk tumbled last month after the company gave weaker-than-expected guidance for the fourth quarter, but that sell-off and the improving macroeconomic environment have set up a good buying opportunity.
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Despite those gains (the Dow Jones Industrial Average recently set new all-time highs), several tech stocks continue to trade down significantly from their peaks, setting up excellent buying opportunities. With net income of $72 million last quarter, Palantir's net income margin was approximately 13%. That's an impressive performance for a company that recently launched and marketed a major new tech service and continues to invest in other long-term growth initiatives.
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Palantir: This red-hot AI stock still has huge potential Keith Noonan: No question about it, artificial intelligence (AI) has been 2023's hottest stock market trend -- and it powered impressive gains for some top players in the space. Digital advertising is ready for a rebound Jeremy Bowman (The Trade Desk): Stocks soared on Wednesday after Federal Reserve Chairman Jerome Powell indicated that the central bank was likely done raising interest rates for this cycle and that it expected to lower the benchmark federal funds rate three times next year. The Trade Desk is a long-term outperformer on the stock market as the company has a reputation for forging strong relationships with ad agencies, innovating with new products like its AI platform Kokai, and deploying easy-to-use, self-serve technology.
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Despite those gains (the Dow Jones Industrial Average recently set new all-time highs), several tech stocks continue to trade down significantly from their peaks, setting up excellent buying opportunities. With Palantir's share price up roughly 178% this year, you can certainly count the data analytics and AI specialist among the big winners. The Motley Fool has positions in and recommends Palantir Technologies and The Trade Desk.
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7e2fa01d-c152-4046-9484-aff0238ddd4b
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711678.0
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2023-12-14 00:00:00 UTC
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Intel's AI PC Chips Are a Big Step Forward
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DCOMP
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https://www.nasdaq.com/articles/intels-ai-pc-chips-are-a-big-step-forward
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Intel's (NASDAQ: INTC) Meteor Lake PC CPUs officially launched on Dec. 14, with some laptops built around the new chips already available. One of the big selling points Intel is touting is a built-in AI accelerator. In software that supports it, Meteor Lake chips can offload AI inference tasks to the accelerator, freeing up the CPU and GPU and delivering improved AI performance.
Architecturally, Meteor Lake comes with some big changes. The new chips use the Intel 4 manufacturing process, the first from Intel to make use of extreme ultraviolet lithography. The chips also move to a tile-based design, with different parts manufactured using different technologies.
Not only does Meteor Lake excel at AI tasks, but the new chips deliver significant improvements in power efficiency and graphics. Meteor Lake moves to an Intel Arc GPU, which is twice as performant and twice as efficient as the graphics in Intel's last-generation chips.
An important step for Intel
The PC market remains depressed after a pandemic-era buying spree gave way to a collapse in demand. Intel's Meteor Lake might be the most exciting thing to happen to the laptop market since Apple started making MacBooks using its custom CPUs. The new chips might be enough to trigger an upgrade cycle in 2024 and beyond.
Meteor Lake's AI hardware delivers big gains in AI inference workloads. Compared to its last-generation chips, Intel claims that Meteor Lake delivers 1.7 times the performance in generative AI and is 2.5 times as power efficient in the UL Procyon AI inference benchmark. When Meteor Lake's AI hardware tackles the AI tasks involved when making a Zoom call, Intel claims a 38% reduction in power usage.
How much consumers and businesses care about Meteor Lake's AI hardware depends on the software that supports it. Intel is aiming to boost the number of AI software partners from 39 today to 100 over the course of 2024. On top of the dedicated AI accelerator, the built-in GPU is capable of handling AI workloads as well. Intel claims in creative applications like those from Adobe, Meteor Lake can deliver anywhere from 1.2 times to 5.4 times the performance of a comparable AMD Ryzen CPU.
Beyond performance improvements, Meteor Lake delivers meaningful power efficiency improvements which should help with battery life. One example Intel gave was playing video from Netflix. By leveraging low-power cores built into Meteor Lake's SoC tile, the new chips can play back video using 25% less power compared to Intel's last-gen chips.
Compared to a Ryzen CPU, Intel is claiming that Meteor Lake is more efficient in a wide variety of scenarios. With both processors working within the same 28W power envelope, Meteor Lake is 7% more efficient in web browsing, 44% more efficient at playing back local 4K video, and a whopping 79% more efficient when the system is idle. These numbers come straight from Intel, so take them with a grain of salt. Third-party reviews of individual systems will give us a better idea of how these chips stack up.
A big bet on AI
Intel views AI as the future of the PC. Meteor Lake is the first step in that direction, and its successors will build on its improvements.
The success of Intel's AI PC initiative will hinge on software support. Given Intel's leading share in the PC CPU market, it makes sense for software companies to jump on board. Notably, Intel demonstrated LLaMa2-7B, a smaller large language model capable of text generation, successfully running on a Meteor Lake system using the CPU, GPU, and AI hardware. This opens the door for AI assistants running locally, which should make for a snappier experience compared to calling out to a cloud service on each prompt. That could end up being the "killer app" for Intel's AI PCs.
Meteor Lake is the beginning of Intel's push to bring AI to the PC. Next up is Arrow Lake, scheduled for some time in 2024. Arrow Lake will move to the Intel 20A manufacturing process, which should bring significant performance and efficiency gains. By then, the software ecosystem around Intel's AI hardware should be more mature, and the value proposition should be clearer.
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.
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
Timothy Green has positions in Intel. The Motley Fool has positions in and recommends Adobe, Advanced Micro Devices, Apple, Netflix, and Zoom Video Communications. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2024 $420 calls on Adobe, long January 2025 $45 calls on Intel, short February 2024 $47 calls on Intel, and short January 2024 $430 calls on Adobe. 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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Intel's Meteor Lake might be the most exciting thing to happen to the laptop market since Apple started making MacBooks using its custom CPUs. Notably, Intel demonstrated LLaMa2-7B, a smaller large language model capable of text generation, successfully running on a Meteor Lake system using the CPU, GPU, and AI hardware. This opens the door for AI assistants running locally, which should make for a snappier experience compared to calling out to a cloud service on each prompt.
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Meteor Lake's AI hardware delivers big gains in AI inference workloads. Compared to its last-generation chips, Intel claims that Meteor Lake delivers 1.7 times the performance in generative AI and is 2.5 times as power efficient in the UL Procyon AI inference benchmark. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2024 $420 calls on Adobe, long January 2025 $45 calls on Intel, short February 2024 $47 calls on Intel, and short January 2024 $430 calls on Adobe.
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Meteor Lake moves to an Intel Arc GPU, which is twice as performant and twice as efficient as the graphics in Intel's last-generation chips. Compared to its last-generation chips, Intel claims that Meteor Lake delivers 1.7 times the performance in generative AI and is 2.5 times as power efficient in the UL Procyon AI inference benchmark. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2024 $420 calls on Adobe, long January 2025 $45 calls on Intel, short February 2024 $47 calls on Intel, and short January 2024 $430 calls on Adobe.
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In software that supports it, Meteor Lake chips can offload AI inference tasks to the accelerator, freeing up the CPU and GPU and delivering improved AI performance. Meteor Lake's AI hardware delivers big gains in AI inference workloads. The success of Intel's AI PC initiative will hinge on software support.
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f625054d-0ece-4286-a880-f9677a3dda33
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711679.0
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2023-12-14 00:00:00 UTC
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Want to Retire Early? This Stock Could Help You Do That.
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DCOMP
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https://www.nasdaq.com/articles/want-to-retire-early-this-stock-could-help-you-do-that.
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Early retirement is the dream. But punching out early from your working years doesn't happen by accident. It takes a consistent investment plan and some great stocks along the way.
Game studio Take-Two Interactive (NASDAQ: TTWO) could be a stock to help your portfolio reach that finish line. A renowned industry leader with fantastic growth prospects awaits investors.
Here's what you need to know.
A five-star portfolio of intellectual property
Take-Two Interactive is an independent studio that develops games for consoles, computers, and mobile platforms. It's behind notable gaming franchises like NBA 2K, Red Dead Redemption, and Grand Theft Auto. It acquired major mobile game developer Zynga last year for over $12 billion, adding dozens of games, including FarmVille, Words With Friends, Empires & Puzzles, and more. Collectively, Take-Two generated over $5.4 billion in trailing-12-month revenue.
Gaming is potentially a prime sector for long-term investors. Unlike television and music, which may have hit the limitations of their technology (you can't do anything besides watch and listen to traditional media), gaming is interactive. Technology has given gaming more capability over time. You can play games on mobile or consoles or computers. High-speed internet has created online gaming. Now, virtual reality is making gaming more immersive than ever before.
The global gaming market could grow over 13% annually through the rest of the decade, hitting nearly $600 billion by 2030, according to Grand View Research. In that scenario, an estimated 3.32 billion people worldwide will be gamers. Having top-notch content like Take-Two Interactive does opens the company up to that rapid growth.
A generational game is on the way
Take-Two's recent announcement and trailer release for Grand Theft Auto VI is a testament to the point above. The trailer has a whopping 148 million views on YouTube in the 10 days since its release. For reference, the trailer for the last game in the series, Grand Theft Auto V, was released 12 years ago and has just 105 million views.
Grand Theft Auto V passed 400 million lifetime units sold this year, and the decade-plus wait and obvious hype around the trailer signal the next game could do just as well or better. The game has no formal launch date, just a 2025 release window. Still, analysts are already calling for 41% revenue growth in 2025.
The great thing about intellectual property is that it can be repurposed to create new growth opportunities. A successful franchise is like its own brand. The new Grand Theft Auto will likely feature different characters and plot lines from the prior games, but it's still Grand Theft Auto. There will almost assuredly be future installments of Grand Theft Auto, Red Dead Redemption, and other hits that can single-handedly elevate the company's growth.
The revenue chart is lumpy in between major releases, but the long-term trend is clear:
Data by YCharts.
Projecting Take-Two's long-term upside
Anticipation of the new Grand Theft Auto and a more bullish broader market has lifted shares to their highest price in roughly a year. Today, the stock trades at a forward P/E of 52. Analysts expect long-term earnings growth to compound at 31%. Investors should expect some volatility because the release cycle of major games makes Take-Two a somewhat cyclical business.
Data by YCharts.
That's less of an issue for long-term investors who want to see a company create shareholder value over time (Take-Two stock has easily outperformed the S&P 500 over the past decade). The stock's valuation has risen consistently throughout 2023, but it's not absurdly expensive with a PEG ratio under 2.
The market has been on a roll recently, and the Grand Theft Auto hype is hot. Investors waiting for the market and hype to cool off might get a better buying opportunity. Nonetheless, Take-Two should be watched as a potential game changer in any long-term investor's portfolio.
Should you invest $1,000 in Take-Two Interactive Software right now?
Before you buy stock in Take-Two Interactive Software, 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 Take-Two Interactive Software wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Take-Two Interactive Software. 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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A five-star portfolio of intellectual property Take-Two Interactive is an independent studio that develops games for consoles, computers, and mobile platforms. Grand Theft Auto V passed 400 million lifetime units sold this year, and the decade-plus wait and obvious hype around the trailer signal the next game could do just as well or better. Projecting Take-Two's long-term upside Anticipation of the new Grand Theft Auto and a more bullish broader market has lifted shares to their highest price in roughly a year.
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A five-star portfolio of intellectual property Take-Two Interactive is an independent studio that develops games for consoles, computers, and mobile platforms. It's behind notable gaming franchises like NBA 2K, Red Dead Redemption, and Grand Theft Auto. Before you buy stock in Take-Two Interactive Software, 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 Take-Two Interactive Software wasn't one of them.
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A generational game is on the way Take-Two's recent announcement and trailer release for Grand Theft Auto VI is a testament to the point above. The new Grand Theft Auto will likely feature different characters and plot lines from the prior games, but it's still Grand Theft Auto. Before you buy stock in Take-Two Interactive Software, 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 Take-Two Interactive Software wasn't one of them.
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For reference, the trailer for the last game in the series, Grand Theft Auto V, was released 12 years ago and has just 105 million views. Before you buy stock in Take-Two Interactive Software, 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 Take-Two Interactive Software wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Justin Pope has no position in any of the stocks mentioned.
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917f9230-ea07-4e07-a198-59f505fa5811
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711680.0
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2023-12-14 00:00:00 UTC
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Have $10? AI Predicts These 3 Cryptos Can Turn It Into $10,000
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DCOMP
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https://www.nasdaq.com/articles/have-%2410-ai-predicts-these-3-cryptos-can-turn-it-into-%2410000
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Cryptocurrencies have captured the fascination of many traditional investors, who see digital assets as a way to potentially realize outsized gains and high-risk, high-reward upside. However, with thousands of cryptos trading on the market (and each with unique use cases), there is no shortage of options. At the same time, cryptocurrencies are attractive to those simply wanting to avoid the hassles of traditional stock market investing. Many in developing countries are especially drawn to crypto, as it enables investing in foreign assets while bypassing intrusive government restrictions.
Another key driver has been the rise off AI-driven asserts,. though this hype has slowed lately. Still, interest persists, as evidenced by Nvidia’s (NASDAQ:NVDA) $1.2 trillion valuation. So why not bring AI and crypto together? In this article, I ask Google’s conversational AI system, Bard, to suggest three cryptocurrencies with the potential to turn $10 into $10,000.
Now, this is not investing advice or a crystal ball prediction; AI has its limitations, and crypto is still very speculative. You’ll likely lose money. But if you want to research some risky, high-upside ideas for fun money, read on!
Aleph Zero (AZERO-USD)
Source: Lastroll / Shutterstock.com
Bard: “This project aims to be a scalable and secure blockchain platform with features like fast transaction speeds, low fees, and private transactions. Its market cap is currently around $300 million [sic], leaving room for significant growth if it gains traction among developers and users.”
I’ve featured Aleph Zero (AZERO-USD) in several of my recent crypto articles, even before its latest price spike. It stood out due to the fact it’s been firing on all cylinders. Bard seems to agree, suggesting AZERO could transform $10 into $10,000 someday. Realistically, that kind of 1,000X return would imply a market cap of hundreds of billions. While possible, if adoption truly soars, it’s likely a too ambitious target in the near term. However, I do see tidy returns feasible this bull cycle as Ethereum (ETH-USD) congestion focuses investor attention on alternatives like Aleph Zero.
Unlike Ethereum’s almost 900,000 validators, Aleph Zero uses just 131 validators, making it less decentralized. However, does improve efficiency. With optimism around interoperable blockchains in 2024, Aleph Zero looks well-positioned to capitalize.
Fetch.ai (FET-USD)
Source: shutterstock.com/Maurice NORBERT
“This project focuses on building a decentralized machine learning network that can coordinate autonomous agents in the real world. Its market cap is roughly $150 million [sic], and its unique approach to decentralized AI could attract significant interest if it proves successful.”
Fetch.ai (FET-USD) attracted Bard’s attention for its AI-based use cases optimizing complex networks – like DeFi platforms, transportation, energy grids, and travel. It’s more than a generic AI crypto pick, though, as Fetch.ai has surged recently from 10 cents in early 2023 to over 71 cents now. Could your $10 be worth $10,000 over time? Likely not solely via investing in Fetch.ai. But with AI hype hitting crypto plus this momentum, Fetch.ai could assist the cause.
Fetch.ai’s model roots operations and planning in real-time data for efficiency gains, like balancing supply and demand across resources. As global systems grow more complex, the value of optimization solutions like Fetch.ai’s may multiply, too. With this backstory, plus the AI relevance that Bard picked up on, Fetch.ai seems a thoughtful inclusion with upside potential, even if $10,000 is a stretch.
Ocean Protocol (OCEAN-USD)
Source: shutterstock.com/WindAwake
“This project aims to create a secure and open data marketplace where users can share and monetize their data. Its market cap is around $250 million [sic], and its potential to disrupt traditional data markets is intriguing. “
Admittedly, I haven’t researched Ocean Protocol (OCEAN-USD) previously, making this pick more intriguing. Ocean unlocks access to previously siloed or hard-to-access data by empowering owners to tokenize datasets and list them on its data marketplace. This allows researchers and analysts to leverage reliable data while fairly compensating the publishers.
In essence, Ocean Protocol is cultivating an ecosystem where both data supply and demand can flourish. It seems like a great idea, as the Web 3.0 data economy concept feels forward-thinking. With data becoming an increasingly valuable asset globally, the project appeals as a specialized play riding twin megatrends of digitization and data proliferation.
Again, expecting OCEAN alone to deliver 1,000X returns on a $10 investment seems highly optimistic. But in combination with other assets across a diversified crypto portfolio, it may contribute meaningfully to that ambitious $10,000 target over time, especially if the tailwinds around digital data continue gaining strength.
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
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The post Have $10? AI Predicts These 3 Cryptos Can Turn It Into $10,000 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its market cap is currently around $300 million [sic], leaving room for significant growth if it gains traction among developers and users.” I’ve featured Aleph Zero (AZERO-USD) in several of my recent crypto articles, even before its latest price spike. Fetch.ai (FET-USD) Source: shutterstock.com/Maurice NORBERT “This project focuses on building a decentralized machine learning network that can coordinate autonomous agents in the real world. But in combination with other assets across a diversified crypto portfolio, it may contribute meaningfully to that ambitious $10,000 target over time, especially if the tailwinds around digital data continue gaining strength.
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Its market cap is currently around $300 million [sic], leaving room for significant growth if it gains traction among developers and users.” I’ve featured Aleph Zero (AZERO-USD) in several of my recent crypto articles, even before its latest price spike. Its market cap is roughly $150 million [sic], and its unique approach to decentralized AI could attract significant interest if it proves successful.” Fetch.ai (FET-USD) attracted Bard’s attention for its AI-based use cases optimizing complex networks – like DeFi platforms, transportation, energy grids, and travel. “ Admittedly, I haven’t researched Ocean Protocol (OCEAN-USD) previously, making this pick more intriguing.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cryptocurrencies have captured the fascination of many traditional investors, who see digital assets as a way to potentially realize outsized gains and high-risk, high-reward upside. Its market cap is currently around $300 million [sic], leaving room for significant growth if it gains traction among developers and users.” I’ve featured Aleph Zero (AZERO-USD) in several of my recent crypto articles, even before its latest price spike. Its market cap is roughly $150 million [sic], and its unique approach to decentralized AI could attract significant interest if it proves successful.” Fetch.ai (FET-USD) attracted Bard’s attention for its AI-based use cases optimizing complex networks – like DeFi platforms, transportation, energy grids, and travel.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cryptocurrencies have captured the fascination of many traditional investors, who see digital assets as a way to potentially realize outsized gains and high-risk, high-reward upside. Its market cap is roughly $150 million [sic], and its unique approach to decentralized AI could attract significant interest if it proves successful.” Fetch.ai (FET-USD) attracted Bard’s attention for its AI-based use cases optimizing complex networks – like DeFi platforms, transportation, energy grids, and travel. AI Predicts These 3 Cryptos Can Turn It Into $10,000 appeared first on InvestorPlace.
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2165b56b-e4b4-4c67-9264-b2228be86a74
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711681.0
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2023-12-14 00:00:00 UTC
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Is It Time to Buy This Magnificent Warren Buffett Artificial Intelligence (AI) Stock?
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DCOMP
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https://www.nasdaq.com/articles/is-it-time-to-buy-this-magnificent-warren-buffett-artificial-intelligence-ai-stock
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If you've looked into artificial intelligence (AI), one thing is clear: The more data you have, the better trained your model will be. However, collecting data and structuring it so it's usable is a challenge in its own right.
With many companies sitting on a gold mine of information without compiling it to be used, they are turning to Snowflake (NYSE: SNOW) for help. Since going public, Snowflake has been one of the fastest-growing companies on the market, which even inspired Berkshire Hathaway to take a position in the stock before it hit the public markets.
Snowflake has also had a strong couple of months, rising from about $140 per share to $200. So, is this the start of an even larger movement? Or should investors be wary? Let's find out.
Data is crucial for many applications
Snowflake helps its clients establish a data cloud. Because it's cloud agnostic, its users can store data on whichever cloud infrastructure they'd like, or they may choose to spread it across providers to eliminate a single point of failure or prevent these companies from locking them into expensive contracts. Snowflake's software optimizes the storage of all data types, including unstructured and semi-structured, so that its users pay the cloud-computing companies less.
From there, Snowflake has multiple tools that allow the data owners to utilize the data flows to inform other programs, perform data science to discover new insights, or sell the data on the Snowflake marketplace.
That last capability is key for AI proliferation, as a company may be trying to develop an AI model for an e-commerce store but may be missing data from a target demographic. With the Snowflake marketplace, it can help users find data and seamlessly integrate it into another data set.
Snowflake's customers also love the product, as it posted a 100% Dresner customer satisfaction score for the sixth consecutive year. Among its clients are 647 of the Global 2000, with 436 customers who spend at least $1 million annually with Snowflake, up 52% year over year.
However, one metric that may concern investors is its slowing growth.
Snowflake is a long way away from breaking even
Snowflake is still a high-growth company, but its rates aren't nearly what they used to be.
SNOW Revenue (Quarterly YoY Growth) data by YCharts
While 32% year-over-year revenue growth is respectable, it's concerning because Snowflake isn't even close to breaking even. In Q3, Snowflake's operating loss was $261 million -- a 36% loss margin. Compared to last year's Q3 operating loss margin of 37%, Snowflake has made no progress in achieving profitability.
But Snowflake management doesn't buy that analysis. Instead, it wants investors to disregard stock-based compensation, a non-cash expense. If you remove this from the equation, Snowflake suddenly turns profitable and increases its margins.
PERIOD OPERATING PROFIT (LESS STOCK-BASED COMPENSATION) ADJUSTED OPERATING MARGIN
Q3 FY 2023 $34 million 6.1%
Q3 FY 2024 $46 million 6.3%
Data source: Snowflake.
With stock-based compensation rising at about the same pace as revenue (31%), Snowflake clearly shows no interest in becoming a profitable business in the short term. While this may concern some investors, it's not a big deal for others. That's because Snowflake is still growing quickly and attempting to capture a vital market opportunity.
As a result, the stock has a premium valuation based on its massive potential.
SNOW PS Ratio data by YCharts
With the stock approaching previous valuation highs, I think now isn't the best time to purchase Snowflake stock. The expectations are quite elevated, and if you can be patient enough to wait for the valuation to come down to around 20 times sales, it would be a much better investment opportunity than the expensive 24 times sales it trades at now.
But if you come in with a five-year mindset, the price tag you pay today may be worth it, as significant growth will drive the stock price higher, making the premium you paid for it today worth it.
Should you invest $1,000 in Snowflake right now?
Before you buy stock in Snowflake, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Keithen Drury has positions in Snowflake. The Motley Fool has positions in and recommends Berkshire Hathaway and Snowflake. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With many companies sitting on a gold mine of information without compiling it to be used, they are turning to Snowflake (NYSE: SNOW) for help. Snowflake's software optimizes the storage of all data types, including unstructured and semi-structured, so that its users pay the cloud-computing companies less. With stock-based compensation rising at about the same pace as revenue (31%), Snowflake clearly shows no interest in becoming a profitable business in the short term.
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SNOW Revenue (Quarterly YoY Growth) data by YCharts While 32% year-over-year revenue growth is respectable, it's concerning because Snowflake isn't even close to breaking even. Q3 FY 2023 $34 million 6.1% Q3 FY 2024 $46 million 6.3% Data source: Snowflake. Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them.
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From there, Snowflake has multiple tools that allow the data owners to utilize the data flows to inform other programs, perform data science to discover new insights, or sell the data on the Snowflake marketplace. SNOW PS Ratio data by YCharts With the stock approaching previous valuation highs, I think now isn't the best time to purchase Snowflake stock. Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them.
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With the Snowflake marketplace, it can help users find data and seamlessly integrate it into another data set. Among its clients are 647 of the Global 2000, with 436 customers who spend at least $1 million annually with Snowflake, up 52% year over year. Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them.
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b45d55c2-bd93-420d-8a92-3de29b3a78a2
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711682.0
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2023-12-14 00:00:00 UTC
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1 Artificial Intelligence (AI) Growth Stock That Created Many Millionaires, and Will Continue to Make More
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DCOMP
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https://www.nasdaq.com/articles/1-artificial-intelligence-ai-growth-stock-that-created-many-millionaires-and-will-continue
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The stock market is a wealth-generating machine over the long term, even for conservative investors who buy index funds. But absolute fortunes have come to investors who took a chance on the most innovative technology stocks over the past few decades.
Nvidia (NASDAQ: NVDA) was founded in 1993. It went public six years later in 1999 with a market valuation of $625 million. The company is now worth $1.2 trillion, and it has created most of that value on the back of its world-leading artificial intelligence (AI) chips for the data center.
Investors who bought Nvidia stock at its initial public offering (IPO) and held until now would be sitting on a capital gain of 193,508%. In other words, a mere $520 invested back in 1999 would be worth over $1 million today.
Nvidia has a history of innovation
Nvidia was founded by a trio of engineers including Jensen Huang, who remains its president and CEO today. Inspired by the rise of personal computers, their goal was to bring 3D graphics to the gaming and media industries. Nvidia released its first graphics chip in 1995 and followed it up with several improved models until 1999.
That was the year Nvidia launched the first-ever GPU (graphics processing unit) chip under the GeForce brand. It was 50% more powerful than the company's prior chip, and it laid the groundwork for GeForce to go on and conquer the gaming industry. But Nvidia's attention has since turned to a higher calling.
The economy is shifting rapidly toward digitization, and businesses need cost-effective solutions to run their operations online. Thus evolved cloud computing, which involves businesses renting computing power from tech giants who manage centralized data centers. Nvidia's GPUs power an increasing number of those data centers, as they tend to be faster and more energy-efficient than traditional CPU (central processing unit) chips.
But the recent uptake in AI technologies is accelerating demand for Nvidia's data center hardware. AI models are developed, trained, and deployed in the cloud, so cloud giants like Microsoft and Amazon are racing to get their hands on Nvidia's data center chips designed specifically for AI workloads.
That includes the H100, which can speed up large language models (which power generative AI applications like ChatGPT) by 30 times over the company's previous model. But Nvidia just launched the H200, which will be twice as fast as the H100 while consuming half the amount of energy. That's a game changer for data center operators, because the new chip could drive more revenue while also reducing costs.
Image source: Getty Images.
Nvidia continues to obliterate all financial expectations
Nvidia reports revenue under four business units: data center, gaming, professional visualization, and automotive.
A couple of years ago, the gaming segment was Nvidia's largest driver of revenue. But the explosion in demand for data center chips capable of processing AI workloads -- like the H100 and upcoming H200 -- transformed the composition of the company's top line.
Here's how different Nvidia's revenue base looked in the recent third quarter of fiscal 2024 (ended Oct. 29), compared to the same period just two years ago:
SEGMENT
% OF REVENUE IN Q3 FISCAL 2022
% OF REVENUE IN Q3 FISCAL 2024
Data center
41%
80%
Gaming
45%
16%
Professional visualization
8%
2%
Automotive
2%
1%
Other
3%
1%
Data source: Nvidia.
In fiscal Q3 2024 alone, Nvidia's data center revenue soared by 279% year over year to $14.5 billion. Nvidia expects to bring in $20 billion in revenue across all segments in the fourth quarter (ending Jan. 29), which is far above the $17 billion Wall Street predicted.
That will take Nvidia's total revenue to $58.8 billion for fiscal 2024 -- doubling its fiscal 2023 result, which is remarkable for a company of this size. The early forecasts for fiscal 2025 point to another record year for the AI giant.
It has come a long way since its first year as a public company, when it generated just $158 million in sales.
Nvidia could create many more millionaires over the long term
Nvidia entered 2023 with a share price of $143. It currently trades at $490, so roughly $770 billion of its $1.2 trillion valuation has been created this year alone. To be honest, Nvidia's best gains are in the rearview mirror; it's unlikely $520 invested today will turn into $1 million over the next 24 years the same way it did in the last two dozen years.
The larger Nvidia gets, the harder it is to grow quickly. When a new technology like AI gathers steam, most of the company's chip sales occur in the first few years. Eventually, the market will become saturated and there won't be enough new customers to sustain Nvidia's growth.
But that doesn't mean this company can't mint new millionaires over the long term. It simply means an investor will have to outlay a larger sum of money to potentially become a millionaire.
For example, a $100,000 investment could become $1 million within 20 years if Nvidia can grow its revenue by 12.2% annually, on average. Considering the company is on track to grow its revenue at a compound annual rate of 28% over the last 25 years (including fiscal 2024), it's a relatively comfortable bet even if the AI tailwind eventually moderates.
With that said, Huang says there is $1 trillion worth of existing data center infrastructure that needs upgrading to support accelerated computing and AI. Given Nvidia's dominant market position, it still has the potential to deliver above-trend growth for several more years, which could accelerate investors' path into the millionaire's club.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Microsoft, and Nvidia. 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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Nvidia's GPUs power an increasing number of those data centers, as they tend to be faster and more energy-efficient than traditional CPU (central processing unit) chips. But the explosion in demand for data center chips capable of processing AI workloads -- like the H100 and upcoming H200 -- transformed the composition of the company's top line. Considering the company is on track to grow its revenue at a compound annual rate of 28% over the last 25 years (including fiscal 2024), it's a relatively comfortable bet even if the AI tailwind eventually moderates.
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But the recent uptake in AI technologies is accelerating demand for Nvidia's data center hardware. Nvidia continues to obliterate all financial expectations Nvidia reports revenue under four business units: data center, gaming, professional visualization, and automotive. Data center 41% 80% Gaming 45% 16% Professional visualization 8% 2% Automotive 2% 1% Other 3% 1% Data source: Nvidia.
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Nvidia continues to obliterate all financial expectations Nvidia reports revenue under four business units: data center, gaming, professional visualization, and automotive. In fiscal Q3 2024 alone, Nvidia's data center revenue soared by 279% year over year to $14.5 billion. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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It went public six years later in 1999 with a market valuation of $625 million. In fiscal Q3 2024 alone, Nvidia's data center revenue soared by 279% year over year to $14.5 billion. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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43177e22-9ee0-4511-bc4f-fc2ae7a56588
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711683.0
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2023-12-14 00:00:00 UTC
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Want $1 Million in Retirement? 3 Stocks to Buy Now and Hold for Decades.
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DCOMP
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https://www.nasdaq.com/articles/want-%241-million-in-retirement-3-stocks-to-buy-now-and-hold-for-decades.
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There are lots of ways to build up a $1 million retirement nest egg. For example, if you invest $300 a month into an investment earning 10% annually (around the average stock market return), you'd become a millionaire in 36 years. Increase your investment rate or the rate of return, and you can become a millionaire even faster.
Many stocks have delivered market-beating total returns over the years. Three companies that have produced high returns with lower-risk business models are Stag Industrial (NYSE: STAG), Equity Lifestyle Properties (NYSE: ELS), and Extra Space Storage (NYSE: EXR). The real estate investment trusts (REITs) have delivered average annualized total returns of more than 15% since their public market debuts. They're in an excellent position to continue producing strong total returns in the future, and they could help turn a $300-a-month investment into a $1 million retirement nest egg for investors who steadily buy and hold shares for the next few decades.
Slow and steady wins the race
Stag Industrial has delivered a 15.8% annualized total return since its public market listing in 2022. One factor driving the industrial REIT's strong returns is its dividend. It pays a high-yielding (currently 3.8%) monthly dividend that it has increased every single year.
The REIT has steadily grown its payout by investing in high-quality industrial real estate that it leases to tenants under long-term net leases. Those agreements supply it with steadily rising rental income (its contracts have escalation clauses that increase rents by over 2.6% each year). Stag pays out less than 75% of its stable income in dividends, enabling it to retain some cash to fund new investments.
Stag Industrial uses its retained cash and strong balance sheet to acquire additional income-producing industrial properties. The company often targets those with value-add upside potential. The REIT will buy properties it can improve through leasing or expansion projects. It will also opportunistically invest in development projects. Those investments can earn higher returns, enabling it to grow its income faster. With growing post-dividend free cash flow and a strong balance sheet, Stag Industrial should be able to continue expanding its portfolio. That should enable it to keep pushing its dividend higher, helping fuel strong total returns.
Going off the beaten path for outsized returns
Equity Lifestyle Properties has delivered a 15% annualized total return since coming public in 1993. A big driver has been its focus on investing in properties off the beaten path, like manufactured home communities, RV parks, and marinas.
The REIT has steadily expanded its portfolio by acquiring new properties. It has grown from 41 properties with over 12,300 sites at its IPO to around 450 properties with over 171,200 sites. This expansion has increased the company's rental income, enabling it to steadily boost its dividends. Since 2006, Equity Lifestyle Properties has grown its normalized funds from operations (FFO) per share at a 9% compound annual rate while increasing its dividend by a 21% compound annual rate.
Equity Lifestyle is in an excellent position to continue growing at an above-average rate. Demand for space in its properties is strong, while new supply remains limited, which is driving up rental rates. Meanwhile, the company has a strong balance sheet, giving it the capacity to invest in expanding existing locations and acquiring new ones. Those drivers should continue pushing its FFO and dividends higher in the coming years.
Growing into a behemoth
Extra Space Storage has delivered an 18.7% average annualized total return since its public market listing in 2004. The self-storage REIT has grown rapidly by acquiring additional properties, raising rates, and establishing new growth platforms (third-party property management and bridge loans). It's now the largest self-storage REIT, with 13.7% of the U.S. market, and the industry leader in third-party management.
The company's management platform has been a major revenue driver. It doesn't take much capital investment to manage properties for other owners, enabling it to earn high-margin management and insurance revenue. That has helped the REIT grow its core FFO and dividend at industry-leading rates. Since 2011, its core FFO has surged 695%, while its dividend has rocketed 548% over the last 10 years.
Extra Space recently closed its merger with fellow self-storage REIT Life Storage, creating an industry behemoth. The deal will boost its income and enhance its growth profile. Meanwhile, it has a strong balance sheet, giving it the capacity to continue expanding its portfolio.
Wealth-creating REITs
Stag Industrial, Equity Lifestyle Properties, and Extra Space Storge have delivered market-beating total returns over the years. These proven wealth creators remain well-positioned to continue producing strong returns in the future as their rental income and dividends keep rising. That makes them great stocks to buy with an eye toward building a $1 million retirement portfolio.
Should you invest $1,000 in Stag Industrial right now?
Before you buy stock in Stag Industrial, 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 Stag Industrial 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
Matthew DiLallo has positions in Stag Industrial. The Motley Fool has positions in and recommends Stag Industrial. The Motley Fool recommends Extra Space Storage. 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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They're in an excellent position to continue producing strong total returns in the future, and they could help turn a $300-a-month investment into a $1 million retirement nest egg for investors who steadily buy and hold shares for the next few decades. Wealth-creating REITs Stag Industrial, Equity Lifestyle Properties, and Extra Space Storge have delivered market-beating total returns over the years. These proven wealth creators remain well-positioned to continue producing strong returns in the future as their rental income and dividends keep rising.
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Three companies that have produced high returns with lower-risk business models are Stag Industrial (NYSE: STAG), Equity Lifestyle Properties (NYSE: ELS), and Extra Space Storage (NYSE: EXR). They're in an excellent position to continue producing strong total returns in the future, and they could help turn a $300-a-month investment into a $1 million retirement nest egg for investors who steadily buy and hold shares for the next few decades. Wealth-creating REITs Stag Industrial, Equity Lifestyle Properties, and Extra Space Storge have delivered market-beating total returns over the years.
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Three companies that have produced high returns with lower-risk business models are Stag Industrial (NYSE: STAG), Equity Lifestyle Properties (NYSE: ELS), and Extra Space Storage (NYSE: EXR). Wealth-creating REITs Stag Industrial, Equity Lifestyle Properties, and Extra Space Storge have delivered market-beating total returns over the years. Before you buy stock in Stag Industrial, 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 Stag Industrial wasn't one of them.
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This expansion has increased the company's rental income, enabling it to steadily boost its dividends. Should you invest $1,000 in Stag Industrial right now? Before you buy stock in Stag Industrial, 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 Stag Industrial wasn't one of them.
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3f485535-0a14-40ff-ab8e-89cd5c8cd395
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711684.0
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2023-12-14 00:00:00 UTC
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2 Stocks That Could Turn $1,000 Into $3,500 in 10 Years
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DCOMP
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https://www.nasdaq.com/articles/2-stocks-that-could-turn-%241000-into-%243500-in-10-years
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nan
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nan
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Building a better proverbial mousetrap isn't always a necessary condition for the success of a business, but doing so can help. Those corporations that break new ground often end up being handsomely rewarded, as are those investors bold enough to hold shares of these companies through thick and thin. So investors looking for stocks that can deliver above-average returns through the next 10 years (which probably describes most investors) might want to consider companies that are innovators in their respective fields.
Two great examples are CRISPR Therapeutics (NASDAQ: CRSP) and Block (NYSE: SQ). Let's find out why these stocks stand a good chance of turning $1,000 into $3,500 -- amounting to a compound annual growth rate (CAGR) of 13.3% -- in the next decade.
1. CRISPR Therapeutics
Gene editing refers to a set of revolutionary techniques that allow scientists to modify an organism's DNA. The field originated decades ago, but biotechs specializing in gene editing to target rare genetic diseases have made substantial progress in the past few years. CRISPR Therapeutics is one of them, and the company recently became a commercial-stage biotech.
In mid-November, CRISPR earned approval for Casgevy, a one-time curative treatment for sickle cell disease (SCD) and transfusion-dependent beta thalassemia (TDT) in the U.K. And on Dec. 8, Casgevy earned the green light in the U.S. for SCD. Let's count the ways in which this approval was a big deal.
First, effective treatments -- much less cures -- for SCD and TDT have been challenging to develop. CRISPR Therapeutics created exa-cel and, with the help of Vertex Pharmaceuticals, got the therapy through multiple clinical and regulatory hoops. It's an impressive achievement for the smaller biotech. Second, there have been gene-editing therapies approved before, but none that use the CRISPR technique In fact, this particular method earned its creators a Nobel Prize.
Perhaps that makes it an unofficial gold standard among gene-editing technologies, and Casgevy, which uses this method, is now on the market. What does all of this mean for investors? CRISPR Therapeutics is a highly innovative biotech with a pipeline full of promising CRISPR-based programs. The company will now generate the funds to push more clinical programs through its pipeline. After all, Casgevy could be looking at a market opportunity of tens of billions.
It will be priced at $2.2 million per treatment course in the U.S. Let's assume that's how much Vertex Pharmaceuticals and CRISPR Therapeutics will also ask patients and insurers to pay in Europe. Given the 32,000 patients they will initially target in these regions, that amounts to $70.4 billion in potential.
CRISPR Therapeutics could make substantial headway into this patient population in the next decade. Meanwhile, there should be plenty of clinical and regulatory wins for the innovative biotech, which will help catapult its stock price, especially as the gene-editing therapy space is projected to grow rapidly. CRISPR Therapeutics could be well on its way to registering that 13.3% CAGR needed to turn $1,000 into $3,500 in the next 10 years.
2. Block
Block, initially known as Square, became a hit with businesses years ago thanks to its sleek, innovative hardware devices that could connect to even a smartphone and turn it into a reliable, portable point-of-sales system. The company has graduated from that and now offers substantially more services to businesses, from payroll to inventory, making its Square ecosystem very attractive. Block also has a consumer-facing unit through its peer-to-peer payment app, Cash App.
It offers direct deposit, tax preparation, a debit card, stock and Bitcoin trading, and more. Both ecosystems continue to perform well. In the third quarter, Block's revenue of $5.62 billion increased by 24% year over year. The company's total gross profit was $1.90 billion, up 21% compared to the year-ago period. Square's gross profit was up 15% year over year, while Cash App's grew 27%. Block still has plenty of room to grow.
One thing to keep in mind about the company is its economic moat. Cash App arguably has a network effect, with people looking to send or receive money from friends or family members getting increasingly likely to get the app as it grows in popularity. Also, once they join, it's simple to enjoy the app's other features. Furthermore, Block's Square ecosystem arguably has high switching costs since the businesses it serves depend on it for their day-to-day operations.
Beyond Square and Cash App, Block owns several other offerings, including TBD, directed at developers looking to create decentralized financial services, a music streaming platform called Tidal, and Spiral, which focuses on developing Bitcoin-related applications. Still, Block's fintech ambitions remain the most promising. The industry has been on a tear, something that will continue moving forward.
Block is well-positioned to profit from this fast-growing opportunity while delivering above-average returns to its shareholders in the next decade.
Should you invest $1,000 in CRISPR Therapeutics right now?
Before you buy stock in CRISPR Therapeutics, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and CRISPR Therapeutics wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has nearly quadrupled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
Prosper Junior Bakiny has positions in Block and Vertex Pharmaceuticals. The Motley Fool has positions in and recommends Bitcoin, Block, CRISPR Therapeutics, and Vertex Pharmaceuticals. 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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Those corporations that break new ground often end up being handsomely rewarded, as are those investors bold enough to hold shares of these companies through thick and thin. The field originated decades ago, but biotechs specializing in gene editing to target rare genetic diseases have made substantial progress in the past few years. Meanwhile, there should be plenty of clinical and regulatory wins for the innovative biotech, which will help catapult its stock price, especially as the gene-editing therapy space is projected to grow rapidly.
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The field originated decades ago, but biotechs specializing in gene editing to target rare genetic diseases have made substantial progress in the past few years. Before you buy stock in CRISPR Therapeutics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and CRISPR Therapeutics wasn't one of them. The Motley Fool has positions in and recommends Bitcoin, Block, CRISPR Therapeutics, and Vertex Pharmaceuticals.
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So investors looking for stocks that can deliver above-average returns through the next 10 years (which probably describes most investors) might want to consider companies that are innovators in their respective fields. Before you buy stock in CRISPR Therapeutics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and CRISPR Therapeutics wasn't one of them. The Motley Fool has positions in and recommends Bitcoin, Block, CRISPR Therapeutics, and Vertex Pharmaceuticals.
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So investors looking for stocks that can deliver above-average returns through the next 10 years (which probably describes most investors) might want to consider companies that are innovators in their respective fields. Square's gross profit was up 15% year over year, while Cash App's grew 27%. Should you invest $1,000 in CRISPR Therapeutics right now?
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8d8d6c38-eddb-48a3-a252-3f653b399b54
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711685.0
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2023-12-14 00:00:00 UTC
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AT&T vs. T-Mobile: Which Is a Better Dividend Stock?
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DCOMP
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https://www.nasdaq.com/articles/att-vs.-t-mobile%3A-which-is-a-better-dividend-stock
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nan
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nan
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Telecom veteran AT&T (NYSE: T) has delivered dividends to investors for decades. Rival T-Mobile (NASDAQ: TMUS) followed suit in 2023, offering a dividend for the first time in company history with an inaugural payment on Dec. 15.
AT&T boasts the greater dividend yield, currently at 6.8%, compared to T-Mobile's 1.6%. From that perspective, AT&T looks like the better choice. If only it were that easy.
Other factors beyond a high yield should be considered before deciding to buy a dividend stock, such as whether the company can afford its dividend. But what are these factors to sway your decision when choosing between AT&T and T-Mobile?
To answer that question, let's examine each company in more detail to determine which is the better dividend stock.
AT&T: Dealing with debt
Before choosing AT&T for its dividend, a key consideration is its massive debt burden. The company exited the third quarter with a whopping $126.7 billion in long-term debt. Contrast this with T-Mobile's Q3 long-term debt of $70.4 billion.
AT&T's debt may preclude it from raising its dividend as the company works to get its debt load down to a manageable level. In fact, AT&T cut its dividend nearly in half in 2022 as part of its divestiture of entertainment-related assets, and hasn't increased it since.
The company's goal is to achieve a net debt-to-adjusted EBITDA ratio in the 2.5x range, and it may not raise its dividend until after this goal is met. AT&T estimates it can reach this target in the first half of 2025.
Despite the substantial debt, AT&T's dividend looks secure. The company generated $5.2 billion in Q3 free cash flow (FCF), an impressive year-over-year increase of $1.3 billion. FCF provides insight into the cash a company has available to invest in its business, pay debt, and repurchase shares or fund dividends.
AT&T's FCF is excellent thanks to strong customer growth. Q3 represented the company's 13th consecutive quarter of net growth in its postpaid phone subscriptions, the telecom industry's key revenue-generating customer segment.
AT&T's impressive streak of customer growth led to $15.9 billion in Q3 wireless service sales, a 3.7% year-over-year increase. This represents over half of AT&T's Q3 total revenue of $30.4 billion.
T-Mobile: New to dividends
Since T-Mobile just started dividend payments, no history exists to gauge how dependable this passive income source will be over time. For now, the company plans to increase its dividend annually by about 10%.
And while T-Mobile's dividend yield isn't as high as AT&T's, it does offer a higher payout. T-Mobile pays $0.65 per share owned. AT&T pays $0.28 per share.
T-Mobile can afford to fund its dividend thanks to strong customer growth. In Q3, T-Mobile captured a net addition of 850,000 postpaid phone subscribers, substantially higher than the 468,000 delivered by AT&T for the quarter. It's one of the reasons why T-Mobile shares hover around a 52-week high at the time of this writing.
Thanks to its ability to acquire customers, T-Mobile achieved a 3.6% year-over-year increase in Q3 wireless service sales, accounting for $15.9 billion of the company's $19.3 billion in Q3 revenue. This revenue growth contributed to T-Mobile's excellent FCF generation.
The company's Q3 adjusted free cash flow was $4 billion, a jaw-dropping 94% increase over the $2.1 billion in 2022. The company expects full-year FCF to hit at least $13.4 billion.
The better choice for income investors
Making a choice between AT&T and T-Mobile is a difficult decision. Each offers reasons to buy. But in choosing between the two, another factor to consider is the valuation of T-Mobile stock compared to AT&T, especially since the former is around its 52-week high.
T-Mobile's forward price-to-earnings ratio (forward P/E) is about 20, whereas AT&T's forward P/E is around 7. So T-Mobile shares are pretty expensive compared to its telecom competitor.
Moreover, AT&T forecasted full-year FCF of at least $16.5 billion. That's more than $3 billion more than T-Mobile's projected 2023 FCF of $13.4 billion. AT&T's strong FCF generation indicates it's in a position to pay down its debt while continuing to fund the dividend.
When considering valuation on top of AT&T's superior dividend yield and FCF generation, at this time, the company possesses enough of an edge against T-Mobile to be the better choice as a dividend stock.
Should you invest $1,000 in AT&T right now?
Before you buy stock in AT&T, 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 AT&T 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 the S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Robert Izquierdo has positions in AT&T and T-Mobile US. The Motley Fool recommends T-Mobile US. 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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Rival T-Mobile (NASDAQ: TMUS) followed suit in 2023, offering a dividend for the first time in company history with an inaugural payment on Dec. 15. FCF provides insight into the cash a company has available to invest in its business, pay debt, and repurchase shares or fund dividends. Q3 represented the company's 13th consecutive quarter of net growth in its postpaid phone subscriptions, the telecom industry's key revenue-generating customer segment.
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The company generated $5.2 billion in Q3 free cash flow (FCF), an impressive year-over-year increase of $1.3 billion. AT&T's impressive streak of customer growth led to $15.9 billion in Q3 wireless service sales, a 3.7% year-over-year increase. Thanks to its ability to acquire customers, T-Mobile achieved a 3.6% year-over-year increase in Q3 wireless service sales, accounting for $15.9 billion of the company's $19.3 billion in Q3 revenue.
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T-Mobile: New to dividends Since T-Mobile just started dividend payments, no history exists to gauge how dependable this passive income source will be over time. Thanks to its ability to acquire customers, T-Mobile achieved a 3.6% year-over-year increase in Q3 wireless service sales, accounting for $15.9 billion of the company's $19.3 billion in Q3 revenue. When considering valuation on top of AT&T's superior dividend yield and FCF generation, at this time, the company possesses enough of an edge against T-Mobile to be the better choice as a dividend stock.
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FCF provides insight into the cash a company has available to invest in its business, pay debt, and repurchase shares or fund dividends. When considering valuation on top of AT&T's superior dividend yield and FCF generation, at this time, the company possesses enough of an edge against T-Mobile to be the better choice as a dividend stock. Before you buy stock in AT&T, 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 AT&T wasn't one of them.
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bca87fca-59c2-42cd-8e4d-7f48e867ac6e
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711686.0
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2023-12-14 00:00:00 UTC
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Looking to Buy Etsy Stock Hand Over Fist? You'll Regret Not Knowing the Bear Case.
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DCOMP
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https://www.nasdaq.com/articles/looking-to-buy-etsy-stock-hand-over-fist-youll-regret-not-knowing-the-bear-case.
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nan
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Etsy (NASDAQ: ETSY), a big winner early on in the pandemic, has really disappointed investors in the past couple years. A combination of slowing growth, macro headwinds, and disdain from the investment community for growth tech stocks has lowered enthusiasm for the company.
It's not all bad news, though, especially for long-term investors. There are certainly compelling reasons to add this business to your portfolio.
But if you're looking to buy this top e-commerce stock, you'll regret not understanding the bear case as well.
Etsy's attractive qualities
Right now, it might be one of the best times to buy shares of Etsy. That's because the stock has gotten absolutely crushed, currently sitting 72% below its peak price from Nov. 2021. Even in 2023, when the Nasdaq Composite index has soared 39%, Etsy is down 30% (as of Dec. 14).
This presents investors with an attractive valuation. The stock trades at a forward price-to-earnings ratio of just 17.8. This is cheap for a growth-oriented, profitable company like Etsy with competitive advantages. For comparison's sake, the S&P 500 trades at a forward earnings multiple of 20.4.
In the e-commerce sector, all companies vying for a share of consumer spending must figure out how to compete against the industry behemoth, Amazon. The tech giant has a sprawling logistics footprint and is known for fast and free delivery on millions of items. This doesn't make things easy.
But by focusing on a niche area of the industry like unique, vintage, and handcrafted items, Etsy has built a successful platform. It continues to be the top destination for these kinds of goods.
Another important aspect that makes this stock a solid investment is the network effect. Etsy's 97.3 million active buyers and 8.8 million active sellers, both figures that are up substantially in the last few years, create a favorable situation where the bigger the platform grows, the more valuable it becomes for everyone.
Etsy's scale deters a new entrant from trying to build a rival marketplace from the ground up. It would be a daunting task to attract buyers and sellers to a marketplace where insufficient volume already exists. This protects Etsy's competitive position.
Know the bear case
The arguments for owning Etsy's stock are valid and might prompt some investors to buy the stock. However, you shouldn't ignore the bears' arguments.
The first one deals with declining activity from Etsy's most loyal customers. These habitual buyers, who make purchases on at least six days in a 12-month stretch and spend at least $200 in total, declined for six straight quarters (on a sequential basis) before holding steady at 7.1 million in Q3 2023.
If the business can try to engage previous buyers and encourage them to continue coming back to the site for different shopping occasions, that can be a boon financially. Plus, it could reduce marketing expenses.
But this will be tough given the macro challenges going on. In fact, Etsy just laid off 11% of its workforce due to the unfavorable economic backdrop.
Before investing in a stock, it's also a good idea to think about the management team's performance. To his credit, CEO Josh Silverman has done a wonderful job growing Etsy's marketplace since he took the leadership position in 2017. This is a much larger and more profitable platform.
But I do question the executive team's capital-allocation skills. In Q3 2022, Etsy had to write down the goodwill on its balance sheet by $1 billion, a clear admission that management overpaid for its acquisitions of Depop and Elo7. Both marketplaces were purchased in the summer of 2021 in a strong market environment.
That $1 billion translates to 10% of the company's current market cap, a substantial misstep and opportunity cost for the company. The hope is that the leadership team learns from this costly mistake and seriously improves its capital-allocation decision-making going forward.
These are some of the red flags investors should pay close attention to. While I don't believe they derail the investment thesis for Etsy stock overall, they're still important details that can round out your understanding of the business.
Should you invest $1,000 in Etsy right now?
Before you buy stock in Etsy, 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 Etsy 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. Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Etsy. 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 by focusing on a niche area of the industry like unique, vintage, and handcrafted items, Etsy has built a successful platform. These habitual buyers, who make purchases on at least six days in a 12-month stretch and spend at least $200 in total, declined for six straight quarters (on a sequential basis) before holding steady at 7.1 million in Q3 2023. If the business can try to engage previous buyers and encourage them to continue coming back to the site for different shopping occasions, that can be a boon financially.
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But if you're looking to buy this top e-commerce stock, you'll regret not understanding the bear case as well. Etsy's 97.3 million active buyers and 8.8 million active sellers, both figures that are up substantially in the last few years, create a favorable situation where the bigger the platform grows, the more valuable it becomes for everyone. Before you buy stock in Etsy, 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 Etsy wasn't one of them.
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Know the bear case The arguments for owning Etsy's stock are valid and might prompt some investors to buy the stock. Before you buy stock in Etsy, 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 Etsy 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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Etsy's 97.3 million active buyers and 8.8 million active sellers, both figures that are up substantially in the last few years, create a favorable situation where the bigger the platform grows, the more valuable it becomes for everyone. Before you buy stock in Etsy, 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 Etsy wasn't one of them. The Motley Fool has positions in and recommends Amazon and Etsy.
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45008950-80a0-4c49-9d72-a610e4b854aa
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711687.0
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2023-12-14 00:00:00 UTC
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1 Growth Stock Down 91% to Buy Hand Over Fist for 2024
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DCOMP
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https://www.nasdaq.com/articles/1-growth-stock-down-91-to-buy-hand-over-fist-for-2024
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nan
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nan
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Fool.com contributor Parkev Tatevosian highlights one of his top growth stocks to buy for 2024 and beyond.
*Stock prices used were the afternoon prices of Dec. 14, 2023. The video was published on Dec. 16, 2023.
Should you invest $1,000 in Fiverr International right now?
Before you buy stock in Fiverr International, 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 Fiverr International 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 has positions in and recommends Fiverr International. 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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Fool.com contributor Parkev Tatevosian highlights one of his top growth stocks to buy for 2024 and beyond. 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 Fiverr International, 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 Fiverr International 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 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Before you buy stock in Fiverr International, 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 Fiverr International 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 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Before you buy stock in Fiverr International, 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 Fiverr International 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 has positions in and recommends Fiverr International.
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3e9b3130-4c2e-463e-8d8f-ae3055e7e416
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711688.0
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2023-12-14 00:00:00 UTC
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57.7% of Warren Buffett's $375 Billion Portfolio Is Invested in These 2 Dividend-Paying Stocks
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DCOMP
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https://www.nasdaq.com/articles/57.7-of-warren-buffetts-%24375-billion-portfolio-is-invested-in-these-2-dividend-paying
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nan
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nan
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According to Warren Buffett, "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." Luckily for us everyday investors, you don't need Berkshire Hathaway's resources to separate good companies from businesses that are best avoided. Just look for dividend payers that keep raising their payouts.
Berkshire Hathaway doesn't pay a dividend itself, but the vast majority of stocks that it owns do. Buffett's such a big fan of dividend payers that a majority of Berkshire's holdings are concentrated in a handful of dividend-paying stocks. You might be surprised to learn that, at recent prices, just two stocks make up 57.7% of Berkshire's stock portfolio.
Buffett's is betting big on Apple
Buffett's been at the helm of Berkshire since 1965, but one of its biggest investments of all time didn't enter the equity portfolio until 2016. That was the year Berkshire began building an enormous stake in Apple (NASDAQ: AAPL), which has quickly become the conglomerate's largest holding.
Apple's stock price has risen a stunning 627% since the end of the first quarterly period that Berkshire disclosed its stake in the company. Plus, its quarterly dividend payout has risen about 68% over the same timeframe.
AAPL Dividend data by YCharts
Huge gains plus subsequent purchases have increased Berkshire's Apple stake to a staggering $181 billion at recent prices, or about 48% of Berkshire's equity portfolio. The stock offers an uninspiring 0.5% yield at recent prices, but Buffett's accumulated around 915 million shares of the stock so quarterly payouts are significant.
Berkshire's Apple holdings will deliver $220 million worth of dividend payments in February and probably more in the subsequent quarter. The highly profitable company generated nearly $100 billion in free cash flow over the past 12 months and needed just 15% of this sum to meet its dividend commitment.
New investors who want to follow Buffett's lead can look forward to increasing profits and a rising dividend payout from Apple for at least another decade. Sales of iPhones aren't growing very fast, but Apple boasts more than 2 billion active devices. Selling high-margin services to those users drove earnings per share 13% higher in its fiscal fourth quarter that ended Sept. 30.
Bank of America is dull but reliable
Buffet is sitting on more than 1 billion shares of Bank of America (NYSE: BAC), or BofA. At 9.3% percent of the equity portfolio, it's Berkshire's second-largest holding.
For decades, Buffett has told anyone who will listen that he believes in the U.S. economy's ability to grow over time. He loves to buy bank stocks after they've been beaten down because he knows these cyclical businesses benefit from periods of economic growth that tend to last much longer than the recessions that separate them.
Interest BofA receives from loans rose much faster in 2023 than the interest it pays to its huge deposit base. An improved net interest margin helped third-quarter earnings per share rise 11% year over year.
BAC Dividend data by YCharts
At recent prices, BofA shares offer a 2.8% dividend yield and a chance for a much higher yield on your original investment in the years ahead. The bank held its dividend in place in 2020, but it's still up by 60% over the past five years.
Despite all the rapid payout bumps in recent years, BofA met its dividend obligation over the past 12 months with just 20.7% of the free cash flow its lucrative banking operation generated. That means there's plenty of room to raise its dividend a lot further in the years ahead. Buying the stock now to hold for the long run looks like a smart move.
Should you invest $1,000 in Apple right now?
Before you buy stock in Apple, 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 Apple 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
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Bank of America. 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 highly profitable company generated nearly $100 billion in free cash flow over the past 12 months and needed just 15% of this sum to meet its dividend commitment. He loves to buy bank stocks after they've been beaten down because he knows these cyclical businesses benefit from periods of economic growth that tend to last much longer than the recessions that separate them. Despite all the rapid payout bumps in recent years, BofA met its dividend obligation over the past 12 months with just 20.7% of the free cash flow its lucrative banking operation generated.
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AAPL Dividend data by YCharts Huge gains plus subsequent purchases have increased Berkshire's Apple stake to a staggering $181 billion at recent prices, or about 48% of Berkshire's equity portfolio. The highly profitable company generated nearly $100 billion in free cash flow over the past 12 months and needed just 15% of this sum to meet its dividend commitment. BAC Dividend data by YCharts At recent prices, BofA shares offer a 2.8% dividend yield and a chance for a much higher yield on your original investment in the years ahead.
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AAPL Dividend data by YCharts Huge gains plus subsequent purchases have increased Berkshire's Apple stake to a staggering $181 billion at recent prices, or about 48% of Berkshire's equity portfolio. The stock offers an uninspiring 0.5% yield at recent prices, but Buffett's accumulated around 915 million shares of the stock so quarterly payouts are significant. Before you buy stock in Apple, 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 Apple wasn't one of them.
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BAC Dividend data by YCharts At recent prices, BofA shares offer a 2.8% dividend yield and a chance for a much higher yield on your original investment in the years ahead. Before you buy stock in Apple, 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 Apple wasn't one of them. The Motley Fool has positions in and recommends Apple and Bank of America.
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9c7f9b5d-5b41-42a7-b160-08c3c8004e5e
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711689.0
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2023-12-14 00:00:00 UTC
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Aurora Cannabis: Bull vs. Bear
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https://www.nasdaq.com/articles/aurora-cannabis%3A-bull-vs.-bear
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nan
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Aurora Cannabis (NASDAQ: ACB) shareholders have been on a wild ride, and there just might be more in store. Over the last six months, the stock catapulted up more than 60%, only to crash and lose 18% for the period.
Now, the question is whether investors should expect another rocket flight, another crash, or something else altogether. Let's hear one argument from the bulls, and one from the bears, to hash out this issue.
What the bulls are saying
After a years-long battle against its operational inefficiencies fought amid the collapse of the Canadian marijuana market, the bulls are right to argue that Aurora's worst times are almost certainly in the past. In its fiscal second quarter of 2024 ended Sept. 30, it reported positive operating income of around 2 million Canadian dollars ($1.5 million) after registering CA$63 million in sales. Before Q2, it last had positive operating income in 2016.
Management is quick to point to the fact that the company's progress in reducing its expenses has been immense, claiming a sum of CA$400 million in annual cost savings over the last three years. It's true that a lot of those cost reductions were won by scaling down and selling off its marijuana production facilities, but it can probably scale back up gradually if it's necessary.
An additional CA$40 million in savings are on the docket for the rest of its 2024 fiscal year. If that happens, it will create the conditions for Aurora to be consistently profitable. The company's goal is to start generating free cash flow (FCF), or what's left from cash flow after business investments and capital expenditures, before the end of 2024, which looks realistic. And in case it isn't obvious, going from burning cash to generating cash is bullish for share prices.
The bull thesis also points to the inexpensive valuation of Aurora's shares. Its price-to-book (P/B) ratio is a scant 0.6. At such a low valuation multiple, there's a significant probability that the market is not assigning an appropriate value to its assets. For a deeply unprofitable business that's burning money, the valuation would fit like a glove, but that doesn't accurately describe Aurora any more. Bulls hope that the market will eventually notice and update its outlook, driving share prices higher in the process.
The bears are worth listening to
The bears don't need to dispute any element of the bull thesis to make their case. Instead, they merely need to point to the fact that Aurora's quarterly revenue only grew by 15% over the past five years. In that same period, its shares dropped by more than 99%.
To bears, the idea of this company becoming profitable and throwing off cash is not a compelling reason to invest. Realizing cost savings and operational efficiencies are not a substitute for robust top-line growth, which it does not have. Nor is there much reason to believe that will change. On average, Wall Street analysts expect Aurora's annual revenue to rise by less than 10% in its 2025 fiscal year. Due to the still-sluggish Canadian marijuana market, even that amount of growth might be a struggle to attain.
Another critical issue is the lack of a proven competitive advantage. With no way to retain its market share in the face of competition, there is nothing stopping another player from undercutting its pricing, setting off a race to the bottom that's sure to squeeze margins. There aren't necessarily any public cannabis businesses capable of doing this, but it's still an argument for investing elsewhere.
Finally, in the eyes of the bears, Aurora's discounted valuation is a sign that its shares aren't worth owning, rather than being an opportunity to own them on the cheap.
Who's right?
At the moment, the bear case is more compelling, though that might change over the coming quarters. If you're looking for a growth stock, this isn't it, at least not until it demonstrates that it can actually increase its sales at a faster-than-average pace instead of a slower-than-average pace. It's also not a great option for bargain-seeking investors because there are lower-risk stocks out there for marginally higher valuations.
There is, however, a solid chance that over the next 18 months Aurora will make a turnaround in which it transitions to slowly growing after becoming durably profitable. Under those conditions, the super cheap valuation of its shares will likely be temporary. But even so, the chances are good that a typical blue chip stock would grow faster and be a better investment, despite its shares being pricier.
Should you invest $1,000 in Aurora Cannabis right now?
Before you buy stock in Aurora Cannabis, 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 Aurora Cannabis 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 the S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Management is quick to point to the fact that the company's progress in reducing its expenses has been immense, claiming a sum of CA$400 million in annual cost savings over the last three years. For a deeply unprofitable business that's burning money, the valuation would fit like a glove, but that doesn't accurately describe Aurora any more. With no way to retain its market share in the face of competition, there is nothing stopping another player from undercutting its pricing, setting off a race to the bottom that's sure to squeeze margins.
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In its fiscal second quarter of 2024 ended Sept. 30, it reported positive operating income of around 2 million Canadian dollars ($1.5 million) after registering CA$63 million in sales. On average, Wall Street analysts expect Aurora's annual revenue to rise by less than 10% in its 2025 fiscal year. Before you buy stock in Aurora Cannabis, 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 Aurora Cannabis wasn't one of them.
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Finally, in the eyes of the bears, Aurora's discounted valuation is a sign that its shares aren't worth owning, rather than being an opportunity to own them on the cheap. Before you buy stock in Aurora Cannabis, 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 Aurora Cannabis wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Alex Carchidi has no position in any of the stocks mentioned.
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The bull thesis also points to the inexpensive valuation of Aurora's shares. To bears, the idea of this company becoming profitable and throwing off cash is not a compelling reason to invest. Before you buy stock in Aurora Cannabis, 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 Aurora Cannabis wasn't one of them.
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a8b25ed2-946e-4ef0-9f38-39276ab66f72
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711690.0
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2023-12-14 00:00:00 UTC
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5 Things to Know About Nvidia Stock
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https://www.nasdaq.com/articles/5-things-to-know-about-nvidia-stock
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nan
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Nvidia (NASDAQ: NVDA) has captivated Wall Street this year as its business has exploded alongside a boom in artificial intelligence (AI). The company's years of dominance in graphics processing units (GPUs) perfectly positioned it to cash in on a spike in demand for AI chips. Meanwhile, its competitors have yet to catch up.
Excitement over AI has seen Nvidia's stock reach record heights this year, a stark contrast from the 50% plunge its share price took in 2022 amid an economic downturn. The company is on a promising growth trajectory, with its stock an attractive option heading into the new year.
As a result, now is an excellent time to learn more about this tech giant and potentially invest. So, here are five things to know about Nvidia stock.
1. Reaching new heights thanks to AI
Over the last 12 months, Nvidia has quite possibly enjoyed its best year in business since its founding 30 years ago. Its stock has skyrocketed 226% since Jan. 1. Meanwhile, the company has delivered quarter after quarter of stellar earnings growth.
In the third quarter of 2024 (ending October 2023), Nvidia posted revenue growth of 206% year over year, with operating income up more than 1,600%. The meteoric rise was primarily a result of a 284% increase in data center revenue, representing a spike in AI GPU sales.
The company massively profited from AI this year, and the industry is showing no signs of slowing. According to Grand View Research, the AI market hit a value of $137 billion in 2022 and is projected to expand at a compound annual rate of 37% until at least 2030. Nvidia has carved out a powerful role in AI and will likely continue profiting from the sector for years.
2. A lucrative role in video games
Nvidia is now a data-center-first company. But long before its expansion in markets like AI and cloud computing, the chipmaker's highest earnings segment was gaming.
It was one of the first companies to begin selling GPUs to the consumer market, with the chips quickly becoming popular in the gaming community as gamers used Nvidia's hardware to build powerful gaming PCs.
Besides its PC business, Nvidia is the primary chip supplier to Nintendo's Switch console. The portable gaming machine has sold more than 132 million units worldwide and is the third-best-selling console of all time (after Sony's PlayStation 2 and the Nintendo DS).
Like many markets across tech, the video games sector suffered from reductions in consumer spending last year. However, Nvidia posted an 81% year-over-year rise in gaming revenue in the 2024 third quarter, signaling a potential end to market declines.
3. AI chip competition will heat up in 2024
Increased interest in AI this year has led countless tech companies to pivot their businesses toward the high-growth industry. While most firms are focusing on the software side of the market, Nvidia's meteoric rise has motivated many to venture into chip production, some for the first time.
While it's not surprising that leading chipmakers like Advanced Micro Devices and Intel are gearing up to challenge Nvidia in AI, companies like Amazon and Microsoft have also announced expansions into hardware.
Many of these companies will launch their new chips in 2024 as they attempt to take a bite of Nvidia's estimated 90% market share in AI chips.
For now, the biggest threat is likely AMD, which has been the second-biggest name in GPUs for years. AMD will launch what the company describes as its most powerful GPU ever in 2024, designed specially to go head-to-head with Nvidia's offerings.
Nvidia's dominance will be challenging to overcome, but prospective investors should be aware of increasing competition on the horizon.
4. Developing chips for China
Over the last year, the U.S. has introduced new restrictions on the export of high-powered chips to China alongside growing tensions between the two countries. The clampdown has made Nvidia investors slightly uneasy because sales to China make up about 20% of its data center revenue.
As in many countries worldwide, demand for AI computing power is soaring in China and represents a crucial growth market for Nvidia. As a result, the chipmaker is working closely with the U.S. to develop chips specifically for the Chinese market that will comply with export regulations and meet demand in the region.
It's too soon to know how successful the China-specific chips will be, but it's a situation worth keeping an eye on. The company is expanding quickly in other regions, which could offset at least a portion of potential lost sales, but only time will tell how much.
5. Stellar stock growth is projected over the next few years
Data by YCharts.
This chart shows Nvidia's earnings could rise close to $24 per share by fiscal 2026. Multiplying that figure by the company's forward price-to-earnings ratio of 45 yields a stock price of $1,080, projecting growth of 125% from its current position over the next two years.
Nvidia has immense growth potential, with its stock an attractive buy right now and possibly too good to pass up.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Microsoft, and Nvidia. The Motley Fool recommends Intel and Nintendo 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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Excitement over AI has seen Nvidia's stock reach record heights this year, a stark contrast from the 50% plunge its share price took in 2022 amid an economic downturn. While it's not surprising that leading chipmakers like Advanced Micro Devices and Intel are gearing up to challenge Nvidia in AI, companies like Amazon and Microsoft have also announced expansions into hardware. As a result, the chipmaker is working closely with the U.S. to develop chips specifically for the Chinese market that will comply with export regulations and meet demand in the region.
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The meteoric rise was primarily a result of a 284% increase in data center revenue, representing a spike in AI GPU sales. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Microsoft, and Nvidia. The Motley Fool recommends Intel and Nintendo 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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Reaching new heights thanks to AI Over the last 12 months, Nvidia has quite possibly enjoyed its best year in business since its founding 30 years ago. Many of these companies will launch their new chips in 2024 as they attempt to take a bite of Nvidia's estimated 90% market share in AI chips. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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Many of these companies will launch their new chips in 2024 as they attempt to take a bite of Nvidia's estimated 90% market share in AI chips. Stellar stock growth is projected over the next few years Data by YCharts. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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783b96b6-483f-4808-b90c-eeed1f25797e
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711691.0
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2023-12-14 00:00:00 UTC
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These 3 Biotech Stocks Have Strong Upside Potential, Says Deutsche Bank
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DCOMP
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https://www.nasdaq.com/articles/these-3-biotech-stocks-have-strong-upside-potential-says-deutsche-bank
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nan
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nan
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Biotech is big business, no doubt about that. The healthcare sector takes up almost 1 in 5 dollars of the US gross domestic product, 18.3%, or approximately $13,000 per capita, according to data from the American Medical Association. The total sum is staggering – some $4.3 trillion.
The US is the world leader in biomedical research, including innovation on new prescription drugs, medical devices, and other healthcare advances. The health sector R&D spend in the US comes to $250 billion annually.
The high spending, on both services and research, is fueled by two factors: healthcare’s essential nature, and an aging population that finds it needs more such care as it gets older. Over the past few years, the biomedical industry has been expanding at a compound annual growth rate of 7%, and is predicted to reach $725 billion by 2025. That sort of growth is sure to open up plenty of opportunities for savvy investors.
Deutsche Bank analyst and biopharma sector expert Neena Bitritto-Garg is following that line, locating biotech stocks that are showing strong upside potential given the bullish healthcare background.
We’ve opened up the TipRanks databanks, and found that her choices all share features that should attract investor attention: ‘Strong Buy’ ratings from the Street’s analysts, and average targets that call for triple-digit upside over the coming year. Here’s a closer look at these 3 biotech stocks.
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Amylyx Pharmaceuticals (AMLX)
The first stock on our list is Amylyx, a small-cap biotech research firm focused on the development of novel therapies for neurodegenerative diseases. The Massachusetts-based company is best known for AMX0035, an experimental drug with wide-ranging applications – it is undergoing clinical trials for the treatment of Alzheimer's disease, Wolfram syndrome, and progressive supranuclear palsy. Most importantly, however, AMX0035 last year received regulatory approval in both the US and Canada as a treatment for amyotrophic lateral sclerosis, ALS or Lou Gehrig’s disease.
That last could be a long-term game changer for Amylyx. The company has launched the drug commercially in both countries, and is currently conducting the PHOENIX Phase 3 study of AMX0035 in the treatment of ALS as a precursor to seeking EU approval. The European Medicines Agency (EMA) has already released a negative opinion from the Committee for Medicinal Products for Human Use (CHMP) on AMX0035, but company management is optimistic that a positive result from PHOENIX will support future approval. Results from the PHOENIX trial are expected in 2Q24.
In the meantime, Amylyx earlier this month released additional data from the previously completed Phase 2 CENTAUR study of AMX0035 in ALS, showing clinically significant positive results in study participants. Amylyx is also pursuing the TUDCA IIS study of tauroursodeoxycholic acid (also known as ursodoxicoltaurine), one of the compounds used to make up the AMX0035 combination drug.
On the commercialization side, Amylyx has been reporting some mixed results since the approval of this ALS drug. Branded as Albrioza in Canada and as Relyvrio in the US, sales of the drug have brought in $272.3 million in the first three full quarters since the US approval and launch. Product revenue in 3Q23, the last reported, came to $102.7 million. That quarterly total, however, missed the forecast by $10.96 million.
Shares in AMLX fell by 32% after that revenue miss. The financial release showed that Amylyx is struggling to gain traction with Relyvrio, even though the drug has been on the market for nearly one year. Management remains optimistic, however, as product sales pushed Amylyx into net-profitability starting in Q1 of this year, and as noted, there is a solid chance to gain EU acceptance later next year on positive results from the PHOENIX trial.
The company’s turn to net-profits and the potential of current trials of AMX0035 form the core of Neena Bitritto-Garg’s analysis of Amylyx shares. The analyst starts out writing, “Though we do see risk to success in both the ongoing Ph3 PHOENIX study for AMX0035 and the TUDCA IIS, we’re buyers at current levels and on any volatility around the TUDCA IIS data around YE23; we see risk/reward on PHOENIX topline data in 2Q24 as highly favorable, with downside to cash/share (~$6-$7/share, or -50% from here) and upside to $40+ (+$30 / +200% or more).”
Looking ahead, she outlines likely scenarios for the company, and comes down on the Buy-side: “Even in a PHOENIX failure scenario, Relyvrio is highly likely to remain on market in the US (it has full, not accelerated approval; the one exception is if a new safety signal arises) and continues to sell given unmet need in ALS; our modeling scenario analysis suggests that at the current share price, the market is pricing in either full market withdrawal, or sales erosion post PHOENIX topline in 2Q24 of 5%-10% per year through LoE, which seems extreme to us given the unmet need in ALS and lack of near-term commercial competition, in the absence of adverse payer action.”
These comments support the DB Buy rating on AMLX stock, and the $36 price target points toward a one-year upside potential of 153%. (To watch Bitritto-Garg’s track record, click here)
This stock has earned a Strong Buy consensus rating from the Street, based on 6 unanimously positive analyst reviews. The shares are trading for $14.23 and the $38.83 average target price suggests a robust gain of 173% on the one-year horizon. (See AMLX stock forecast)
Prothena Corporation (PRTA)
Next up is Prothena, a biotech company with a portfolio of new therapeutic agents designed to target protein dysregulation, or misfolded proteins, as an approach to treating rare, devastating neurodegenerative diseases.
The company has an extensive research pipeline, with 9 separate tracks. These include 2 in early discovery stages, 2 in preclinical studies, and 5 that are ‘in the clinic,’ undergoing human clinical trials. Of these, 2 each are at Phase 1 and Phase 2, and the last has advanced to Phase 3.
The company is studying treatments for a variety of disease conditions, including Parkinson’s and Alzheimer’s, AL and ATTR amyloidosis, and ALS. The company’s drug candidates directly target improperly folded proteins, with the design being to alter the course of the disease at the most basic level possible.
The leading program in Prothena’s pipeline is birtamimab, a novel drug candidate designed to target AL amyloidosis, a serious disease in which light chain proteins are overproduced in clonal plasma cells and then misfold, aggregate, and form amyloid deposits in vital organs – including in the heart. Cardiac failure is the chief cause of death in this condition, and current treatments target plasma cells in order to reduce protein overproduction. Birtamimab is a monoclonal antibody designed to target and clear away the amyloid deposits that cause the organ dysfunction and eventual death.
Birtamimab, which has been granted the FDA’s Fast Track designation, showed positive results in the Phase 3 VITAL trial, which were published this past June. The drug candidate is currently undergoing the Phase 3 AFFIRM-AL clinical trial, under a special protocol agreement with the FDA, and topline results are expected next year.
Also of note in the pipeline is PRX012, a potential new treatment for Alzheimer's. This is a wholly-owned drug candidate, and potentially best-in-class. It targets the brain amyloid plaque that has been connected to the damage caused by Alzheimer's. Data from the Phase 1 single ascending dose and multiple ascending dose trials are expected in the next few weeks. Like birtamimab, PRX012 has been granted Fast Track status by the FDA.
The stock has been on a downward trend over recent months, but given the catalysts ahead, even should it drop further, Bitritto-Garg thinks investors should be paying attention here. She writes, “Heading into very first data for PRX012 in Alzheimer's disease around YE23, given current bearish sentiment that's driven a gradual sell off over the last few months, we see the bar for shares to work as very high (i.e., safety and amyloid PET data comparable to lecanemab), which means additional incremental downside is possible from here. However, the bar to show initial target engagement is much lower, in our view, and thus, we'd be buyers on any incremental downside on first data, assuming safety data are acceptable and some target engagement is shown, as data from additional cohorts, and from other programs (i.e., prasinezumab, birtamimab) should make for a catalyst-rich 2024.”
Looking ahead, the analyst puts a Buy rating on PRTA shares, along with a $62 price target that suggests a one-year gain of 55% for the shares.
Prothena’s Strong Buy consensus rating comes from 8 recent reviews that break down 7 to 1 in favor of the Buys over the Holds. The shares are priced at $39.99 and their $81.13 average target price implies a 12-month upside potential of 103%. (See PRTA stock forecast)
COMPASS Pathways (CMPS)
Wrapping up this list, we’ll turn to COMPASS Pathways, a biopharmaceutical firm working on new psychedelic drugs for the treatment of mental health disorders. The company’s research work focuses on using psilocybin in the treatment of several psychiatric disorders, including treatment-resistant depression, post-traumatic stress disorder, and anorexia nervosa. Psilocybin is a naturally occurring chemical compound, and is perhaps best known outside the psychiatric world as the effective ‘ingredient’ in the so-called ‘magic mushrooms.’
COMPASS has taken psilocybin and developed a therapeutic formulation from it, an investigational, synthesized form of the compound called COMP360, which is being investigated as a treatment administered in conjunction with psychological support for the patient. In the treatment model, the patient and therapist – a psychologist – first use several sessions to become acquainted. During the drug treatment session, the patient is administered psilocybin in a controlled environment and allowed to progress through the ‘trip’ under supervision. Afterwards, the patient and therapist can discuss the experience and the patient’s feelings on it.
Patients receiving COMP360 under this investigational study receive the drug while in a capsule. During the experience, the patient wears an eye mask, and listens to music from a playlist that is specially designed before the session. The procedures are discussed with the patient in advance. The session typically takes between 6 and 8 hours to complete.
Under this model, COMP360 has been designated as a Breakthrough Therapy by the FDA. This designation is acknowledgement by the regulatory agency that the drug has high potential to show a substantial improvement over existing therapies. The Breakthrough Therapy designation allows for an expedited review process of the drug treatment.
The use of psilocybin in the treatment of treatment-resistant depression is the most advanced of COMPASS’s research lines. The company is also adapting the drug therapy for the treatment of bipolar type II disorder, and in November initiated a UK component of the global Phase 3 study of the therapy against treatment-resistant depression.
Against this background, Bitritto-Garg’s comments on COMPASS stock makes sense. She is upbeat, seeing the stock as a potential gainer as more and more positive data come in from the clinical trials, writing, “Based on results of a Phase 2b study for COMP360 in TRD, we think PoS in the ongoing Ph3s is very high (i.e., 75%+), and see potential for the Ph3 data (two studies, data summer 2024 and mid-2025, respectively) to be some of the best registrational data in the depression space historically; however, questions around COMP360 commercial infrastructure, competitive landscape, IP, and commercial / peak sales opportunity have capped enthusiasm around COMP360 and other psychedelic compounds in rigorous clinical trials since COMP360’s Ph2b topline data in 2021.”
However, Bitritto-Garg believes “many of these concerns are overdone.” “Thus,” she goes on to add, “with shares still trading near all-time lows, we like the setup into data mid-2024; we think shares could run towards the double digits into topline data as investors start looking at key 2024 events and turning attention back to COMP360.”
This adds up to a Buy rating, and the analyst’s $16 price target implies the shares will double in value over the course of the next year. (To watch Bitritto-Garg’s track record, click here)
This stock is another with a unanimously positive Strong Buy analyst consensus view, based on 6 recent stock recommendations on file. The shares are currently trading for $8 and their average price target, at $56, suggests a very impressive 600% upside in 2024. (See CMPS stock forecast)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deutsche Bank analyst and biopharma sector expert Neena Bitritto-Garg is following that line, locating biotech stocks that are showing strong upside potential given the bullish healthcare background. We’ve opened up the TipRanks databanks, and found that her choices all share features that should attract investor attention: ‘Strong Buy’ ratings from the Street’s analysts, and average targets that call for triple-digit upside over the coming year. The leading program in Prothena’s pipeline is birtamimab, a novel drug candidate designed to target AL amyloidosis, a serious disease in which light chain proteins are overproduced in clonal plasma cells and then misfold, aggregate, and form amyloid deposits in vital organs – including in the heart.
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(To watch Bitritto-Garg’s track record, click here) This stock has earned a Strong Buy consensus rating from the Street, based on 6 unanimously positive analyst reviews. (See PRTA stock forecast) COMPASS Pathways (CMPS) Wrapping up this list, we’ll turn to COMPASS Pathways, a biopharmaceutical firm working on new psychedelic drugs for the treatment of mental health disorders. (To watch Bitritto-Garg’s track record, click here) This stock is another with a unanimously positive Strong Buy analyst consensus view, based on 6 recent stock recommendations on file.
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The analyst starts out writing, “Though we do see risk to success in both the ongoing Ph3 PHOENIX study for AMX0035 and the TUDCA IIS, we’re buyers at current levels and on any volatility around the TUDCA IIS data around YE23; we see risk/reward on PHOENIX topline data in 2Q24 as highly favorable, with downside to cash/share (~$6-$7/share, or -50% from here) and upside to $40+ (+$30 / +200% or more).” Looking ahead, she outlines likely scenarios for the company, and comes down on the Buy-side: “Even in a PHOENIX failure scenario, Relyvrio is highly likely to remain on market in the US (it has full, not accelerated approval; the one exception is if a new safety signal arises) and continues to sell given unmet need in ALS; our modeling scenario analysis suggests that at the current share price, the market is pricing in either full market withdrawal, or sales erosion post PHOENIX topline in 2Q24 of 5%-10% per year through LoE, which seems extreme to us given the unmet need in ALS and lack of near-term commercial competition, in the absence of adverse payer action.” These comments support the DB Buy rating on AMLX stock, and the $36 price target points toward a one-year upside potential of 153%. However, the bar to show initial target engagement is much lower, in our view, and thus, we'd be buyers on any incremental downside on first data, assuming safety data are acceptable and some target engagement is shown, as data from additional cohorts, and from other programs (i.e., prasinezumab, birtamimab) should make for a catalyst-rich 2024.” Looking ahead, the analyst puts a Buy rating on PRTA shares, along with a $62 price target that suggests a one-year gain of 55% for the shares. She is upbeat, seeing the stock as a potential gainer as more and more positive data come in from the clinical trials, writing, “Based on results of a Phase 2b study for COMP360 in TRD, we think PoS in the ongoing Ph3s is very high (i.e., 75%+), and see potential for the Ph3 data (two studies, data summer 2024 and mid-2025, respectively) to be some of the best registrational data in the depression space historically; however, questions around COMP360 commercial infrastructure, competitive landscape, IP, and commercial / peak sales opportunity have capped enthusiasm around COMP360 and other psychedelic compounds in rigorous clinical trials since COMP360’s Ph2b topline data in 2021.” However, Bitritto-Garg believes “many of these concerns are overdone.” “Thus,” she goes on to add, “with shares still trading near all-time lows, we like the setup into data mid-2024; we think shares could run towards the double digits into topline data as investors start looking at key 2024 events and turning attention back to COMP360.” This adds up to a Buy rating, and the analyst’s $16 price target implies the shares will double in value over the course of the next year.
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We’ve opened up the TipRanks databanks, and found that her choices all share features that should attract investor attention: ‘Strong Buy’ ratings from the Street’s analysts, and average targets that call for triple-digit upside over the coming year. The analyst starts out writing, “Though we do see risk to success in both the ongoing Ph3 PHOENIX study for AMX0035 and the TUDCA IIS, we’re buyers at current levels and on any volatility around the TUDCA IIS data around YE23; we see risk/reward on PHOENIX topline data in 2Q24 as highly favorable, with downside to cash/share (~$6-$7/share, or -50% from here) and upside to $40+ (+$30 / +200% or more).” Looking ahead, she outlines likely scenarios for the company, and comes down on the Buy-side: “Even in a PHOENIX failure scenario, Relyvrio is highly likely to remain on market in the US (it has full, not accelerated approval; the one exception is if a new safety signal arises) and continues to sell given unmet need in ALS; our modeling scenario analysis suggests that at the current share price, the market is pricing in either full market withdrawal, or sales erosion post PHOENIX topline in 2Q24 of 5%-10% per year through LoE, which seems extreme to us given the unmet need in ALS and lack of near-term commercial competition, in the absence of adverse payer action.” These comments support the DB Buy rating on AMLX stock, and the $36 price target points toward a one-year upside potential of 153%. (To watch Bitritto-Garg’s track record, click here) This stock is another with a unanimously positive Strong Buy analyst consensus view, based on 6 recent stock recommendations on file.
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0f2f25f6-b99a-4fd9-81dd-a4d821306632
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711692.0
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2023-12-14 00:00:00 UTC
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1 Supercharged Growth Stock to Buy Before It Soars as Much as 222%, According to Cathie Wood's Ark Invest
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DCOMP
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https://www.nasdaq.com/articles/1-supercharged-growth-stock-to-buy-before-it-soars-as-much-as-222-according-to-cathie
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Over the past decade, Ark Investment Management has established its niche on Wall Street by making sizable investments in disruptive and groundbreaking technologies. These include genomic research, robotics, artificial intelligence (AI), autonomous driving, and more. Ark is helmed by founder Cathie Wood, who grabbed the spotlight by investing early in hugely successful companies including Tesla, Nvidia, and Block, among others.
After a punishing 2022, the ARK Innovation ETF has come roaring back, generating returns of 55% so far this year, more than two-and-a-half times the returns of the S&P 500. Driving the results were blockbuster performances by Coinbase Global, Roku, and UiPath, which have gained 290%, 153%, and 93%, respectively. Wood believes this could be just the beginning.
While some of Ark's more high-profile calls seem to get all the headlines, Wood makes the case that biotech company Exact Sciences (NASDAQ: EXAS) has significant upside and will likely rise to $139 by 2027, representing upside of 115% compared to Monday's closing price. Then there's the bull case, which calls for the stock to surge to $208, which would represent gains of 222%.
The stock is already up 31% so far this year, so how likely is it that it will more than triple from here, and how should investors approach Exact Sciences going forward? Let's review the evidence.
Image source: Getty Images.
The case for Exact Sciences
Cancer is the No. 1 cause of death for people under the age of 85, so it's no wonder that a cancer diagnosis can be so devastating. However, recent advances in medicine have changed the landscape, leading to early detection. That combined with a host of new treatments has drastically improved survival rates. Exact Sciences, for its part, "helps detect cancer earlier and provide smarter answers at every step."
The company's Cologuard screening test is the industry standard test for colon cancer, with more than 13 million tests completed to date. However, recent updates by insurers and Medicare could be a catalyst. Policy changes enacted earlier this year stipulate that once a patient tests positive for cancer via a Cologuard test, a follow-up colonoscopy can be administered at no cost to the patient. This will likely encourage patients to take the relatively inexpensive test in advance of more complex procedures.
Exact Sciences' next-generation test, Cologuard 2.0, is showing impressive results in clinical trials, generating even more accurate results than its predecessor, with improved sensitivity in cancer detection and fewer false negatives.
The company has also developed the multi-cancer early detection (MCED) screening test, which can check for multiple types of cancer with a single, minimally invasive blood test.
Perhaps most exciting is the development of Oncotype DX tests, which provide genetic information about the specific patient and the biology of their tumor, which gives physicians much-needed insight into the most effective treatments for each case.
Finally, after being buffeted by macroeconomic headwinds for a couple of years, Exact Sciences appears to be back on track. In the third quarter, revenue climbed 20% year over year. Excluding last year's COVID-19 testing and foreign currency fluctuations, core revenue increased 23%. Perhaps as importantly, excluding one-time charges, Exact Sciences not only swung to a profit but also generated strong operating and free cash flow. Furthermore, management raised the company's full-year guidance, with increases across each of its major segments.
The assumptions in Ark's thesis
Ark's valuation model for Exact Sciences was released in January 2023, outlining three potential outcomes by 2027. The base case suggests the stock will reach $139 by 2027, which would represent gains of 115%. During the same period, the bull case suggests the stock will increase to $208, or gains of 222%. The bear case suggests a price of $74, suggesting upside of just 15%.
While the thesis is based on several variables, the continuing success of Cologuard represents the biggest contributor to its future success, with demand for Oncotype DX as the wildcard.
Exact Sciences is guiding for revenue of roughly $2.48 billion this year, which would represent year-over-year growth of about 19%. In order to achieve Ark's bear case, the company would have to achieve revenue growth of roughly 14% annually by 2027, which seems like an easy bar to clear given its current pace of growth.
To achieve Ark's base, Exact Sciences would have to grow revenue by 21% annually over the coming four years, or 26% to reach its bull case. The base case certainly seems achievable, while the bull case seems like a bit of a stretch -- but still within the realm of possibility.
Will Exact Sciences stock soar 222%?
Given the economic speed bumps of the past couple of years, Exact Sciences has its work cut out for it in order to achieve Ark's bull case. If the company can ramp up its precision oncology revenue -- or more specifically that of Oncotype DX -- it certainly has a shot. Exact Sciences is forecasting revenue from the segment of about $625 million at the midpoint of its guidance, and by Ark's calculations that would have to climb to more than $1.1 billion by 2027.
That's not to say the company won't achieve Ark's bull case price target of $208 -- but it might take a year or two beyond 2027.
Exact Sciences isn't exactly cheap, currently selling for 4 times next year's sales. Despite the recent downturn, the stock has soared 449% over the past decade, an enviable performance and worthy of a slight premium.
With multiple catalysts to fuel its growth, a reasonable stock price, and a strong endorsement from Ark Investment Management, now seems like a great time to buy Exact Sciences ahead of a robust move higher.
Should you invest $1,000 in Exact Sciences right now?
Before you buy stock in Exact Sciences, 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 Exact Sciences 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
Danny Vena has positions in Block, Nvidia, Roku, and Tesla. The Motley Fool has positions in and recommends Block, Coinbase Global, Nvidia, Roku, Tesla, and UiPath. The Motley Fool recommends Exact Sciences. 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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Ark is helmed by founder Cathie Wood, who grabbed the spotlight by investing early in hugely successful companies including Tesla, Nvidia, and Block, among others. Perhaps most exciting is the development of Oncotype DX tests, which provide genetic information about the specific patient and the biology of their tumor, which gives physicians much-needed insight into the most effective treatments for each case. With multiple catalysts to fuel its growth, a reasonable stock price, and a strong endorsement from Ark Investment Management, now seems like a great time to buy Exact Sciences ahead of a robust move higher.
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In order to achieve Ark's bear case, the company would have to achieve revenue growth of roughly 14% annually by 2027, which seems like an easy bar to clear given its current pace of growth. Before you buy stock in Exact Sciences, 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 Exact Sciences wasn't one of them. The Motley Fool has positions in and recommends Block, Coinbase Global, Nvidia, Roku, Tesla, and UiPath.
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While some of Ark's more high-profile calls seem to get all the headlines, Wood makes the case that biotech company Exact Sciences (NASDAQ: EXAS) has significant upside and will likely rise to $139 by 2027, representing upside of 115% compared to Monday's closing price. To achieve Ark's base, Exact Sciences would have to grow revenue by 21% annually over the coming four years, or 26% to reach its bull case. Before you buy stock in Exact Sciences, 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 Exact Sciences wasn't one of them.
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Ark is helmed by founder Cathie Wood, who grabbed the spotlight by investing early in hugely successful companies including Tesla, Nvidia, and Block, among others. The case for Exact Sciences Cancer is the No. Before you buy stock in Exact Sciences, 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 Exact Sciences wasn't one of them.
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54fae355-8a50-4e4e-9a78-f23c9cf22742
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711693.0
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2023-12-14 00:00:00 UTC
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2 Top Buffett Stocks To Buy and Hold for the Long Haul
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DCOMP
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https://www.nasdaq.com/articles/2-top-buffett-stocks-to-buy-and-hold-for-the-long-haul-13
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Albert Einstein once said, "Compound interest is the eighth wonder of the world." Compound interest, of course, being the ability to earn interest on your investment, then reinvest that interest at the same rate of return. Given a long enough time period, compounding can lead to absolutely massive gains.
For a stock, if a company can reinvest its earnings at a similar high rate of return, that can lead to likewise jaw-dropping outperformance. This of course is the strategy touted by Warren Buffett and especially his late partner, Charlie Munger.
But as the miracle of compounding only works over time, that's why it's so important to buy stocks with long-term staying power. Perusing Buffett's current Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) portfolio, here are two current holdings primed for strong long-term compounding and stockholder returns.
Amazon
Amazon (NASDAQ: AMZN) is known as a tech and e-commerce behemoth, but the company is only 30 years old, which is not long in the grand scheme of American corporate life.
What gives Amazon staying power? Two things: Its excellent corporate culture, as well as its first-mover competitive advantage in the fields of both e-commerce and cloud computing.
Those two industries are difficult and complex to execute, which helps keep competitors at bay and decreases their chances of catching up. But that complexity has also led to some problems in 2022 and the first part of this year. During the pandemic, Amazon doubled the size of its already-giant fulfillment and distribution platform, making it unwieldly to manage. In addition, cloud customers sought to aggressively cut their computing costs after the pandemic as interest rates rose.
But in 2023, Amazon has done what always has done in times of adversity. That is, adapt and get stronger.
In e-commerce, the company underwent a structural change, reorganizing its U.S. footprint into eight distinct semi-autonomous regions, with analytics predicting the inventory each region would need. That greatly helped to decrease shipping times from the former model, when goods had to be shipped long distances across the country. The result has been a steady improvement in e-commerce profitability this year, and at greater scale.
In cloud computing, Amazon Web Services responded to the slowdown by helping customers lower their cloud bills as much as possible, but increasing customer loyalty in the process. That has lowered AWS's growth rate this year, but as CEO Andy Jassy explained on the conference call with analysts, many customers are trading savings for longer-term commitments, with many switching from pay-as-you go contracts to longer-term one-to-three year commitments, trading costs for greater commitment to Amazon's cloud.
AWS is also innovating quickly in artificial intelligence. While most of the attention has gone to OpenAI and ChatGPT, owned by Amazon's main rival, Amazon's platform actually has the widest variety of large language models for customers to use. These include some of Amazon's own "Titan" models, models from Anthropic, with whom Amazon just invested up to $4 billion, as well as models from other start-ups AI21 Labs, Cohere, Stability AI, and the Llama2 model from Meta Platforms. Given the turmoil we've seen at OpenAI over the past month and the fast pace of innovation across the space, that variety and scale will likely be an advantage for Amazon's leading cloud platform going forward.
Last quarter was the first since the fourth quarter of 2021 that AWS growth did not decelerate, suggesting the cloud market may be bottoming. And with Amazon having done right by its customers through this downturn, look for AI-fueled growth to pick up in 2024 and beyond.
Mastercard
As Amazon is only one of a couple large companies that can afford to compete in its industries, Mastercard (NYSE: MA) is one of only two large global credit and debit card networks serving third party issuers across the world, in over 180 countries. That massive duopoly amid increasing card-based payments adoption has led to incredible outperformance for Mastercard since its IPO in 2006.
MA Total Return Level data by YCharts
Even 57 years after its founding and 17 years after its IPO, Mastercard is still finding ways to grow above the level of GDP. Last quarter, revenue grew 14%, or 11% in constant currency. And because Mastercard has relatively stable fixed costs for its giant global card network, a lot of that growth falls straight to its bottom line. As a result, operating income growth came in at 21% in the third quarter.
How has Mastercard been able to keep up such growth? Well, the ongoing "war on cash" continues even to this day, with a greater and greater percentage of global payments handled by credit and debit accounts on top of Mastercard's network "rails." This goes not only for customer-to-merchant payments, but also new payment use cases such as business-to-business flows and cross-border payments.
In addition, Mastercard has been able to develop new-age fraud detection and cybersecurity intelligence solutions, through both internal development and bolt-on acquisitions. These services help increase payment approvals while limiting fraud, leading to a win-win for customers that buy them. For instance, on its recent conference call, management noted that just one of its security products, SafetyNet, prevented $20 billion in fraud over the past 12 months alone.
Last quarter, these value-added services increased by 17%, making up 36% of revenue. And given Mastercard's scale and data advantage, look for these value-added services to get even better in the age of AI, as data-driven insights continue to get more accurate and valuable to businesses worldwide.
All in all, Mastercard has an entrenched position that generates high profit growth, with a culture of innovation and long growth runway ahead of it.
Should you invest $1,000 in Amazon right now?
Before you buy stock in Amazon, 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 Amazon 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. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Billy Duberstein has positions in Amazon, Berkshire Hathaway, and Meta Platforms. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Amazon, Berkshire Hathaway, Mastercard, and Meta Platforms. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the turmoil we've seen at OpenAI over the past month and the fast pace of innovation across the space, that variety and scale will likely be an advantage for Amazon's leading cloud platform going forward. And because Mastercard has relatively stable fixed costs for its giant global card network, a lot of that growth falls straight to its bottom line. And given Mastercard's scale and data advantage, look for these value-added services to get even better in the age of AI, as data-driven insights continue to get more accurate and valuable to businesses worldwide.
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That has lowered AWS's growth rate this year, but as CEO Andy Jassy explained on the conference call with analysts, many customers are trading savings for longer-term commitments, with many switching from pay-as-you go contracts to longer-term one-to-three year commitments, trading costs for greater commitment to Amazon's cloud. The Motley Fool has positions in and recommends Amazon, Berkshire Hathaway, Mastercard, and Meta Platforms. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard.
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That has lowered AWS's growth rate this year, but as CEO Andy Jassy explained on the conference call with analysts, many customers are trading savings for longer-term commitments, with many switching from pay-as-you go contracts to longer-term one-to-three year commitments, trading costs for greater commitment to Amazon's cloud. These include some of Amazon's own "Titan" models, models from Anthropic, with whom Amazon just invested up to $4 billion, as well as models from other start-ups AI21 Labs, Cohere, Stability AI, and the Llama2 model from Meta Platforms. Before you buy stock in Amazon, 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 Amazon wasn't one of them.
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Last quarter, these value-added services increased by 17%, making up 36% of revenue. Before you buy stock in Amazon, 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 Amazon wasn't one of them. The Motley Fool has positions in and recommends Amazon, Berkshire Hathaway, Mastercard, and Meta Platforms.
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c8acf0a3-5357-4cc8-81ec-ed2c9e747626
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711694.0
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2023-12-14 00:00:00 UTC
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Investing $123,500 in These 3 High-Yield Dividend Stocks Could Make You $10,000 in Reliable Passive Income in 2024
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DCOMP
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https://www.nasdaq.com/articles/investing-%24123500-in-these-3-high-yield-dividend-stocks-could-make-you-%2410000-in-reliable
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Making money usually requires a lot of effort. That's not always the case, though. The idea behind passive income is that you barely have to lift a finger for the dollars to flow in.
There are plenty of ways to generate passive income. One of the best approaches is to buy stocks that pay attractive dividends. The main catch is that you'll need money to invest upfront. But if you have enough cash, making money can be practically a piece of cake with the right stocks. Investing $123,500 in these three high-yield dividend stocks could make you $10,000 in reliable passive income in 2024.
1. Ares Capital
If you take one-third of an initial $123,500 and buy shares of Ares Capital (NASDAQ: ARCC), you should make a little over $4,000 in passive income next year. That's because Ares Capital's dividend yield stands at 9.73%.
I think you can safely bank on that dividend payout at least staying at the current level. Ares Capital is organized as a business development company (BDC). Regulations require that BDCs return a minimum of 90% of taxable income to shareholders in the form of dividends. Ares Capital's core earnings should allow it to comfortably pay dividends at the current level or higher over the next year.
The company also has a good track record when it comes to dividends. Ares Capital's dividend has been either stable or increasing for more than 14 years.
There is a risk that Ares Capital's share price could decline so much that it offsets any dividend income you receive in 2024. However, investors might be comforted that the stock has delivered higher total returns than the S&P 500 over the last three-year and five-year periods as well as since Ares Capital's IPO in 2004.
2. Enterprise Products Partners
You should be in a good position to make another $3,100 or so in passive income in 2024 by investing another one-third of the upfront money in Enterprise Products Partners (NYSE: EPD). The midstream energy leader's distribution currently yields 7.55%.
There's no need to worry about Enterprise Products Partners reducing its distribution. The company has increased its distribution for 25 consecutive years with a compound annual growth rate of around 7%. That's an impressive streak that Enterprise's management team will almost certainly do their best to extend.
The key to paying those attractive distributions regularly is to generate steady cash flow. Enterprise Products Partners' history looks great on this front. During the financial crisis that precipitated the Great Recession, the company's distributable cash flow increased. Even during the oil price collapse from 2014 to 2017 and the COVID-19 pandemic in 2020 and 2021, Enterprise's distributable cash flow declined only moderately.
Enterprise Products Partners' fortunes don't hinge on oil and gas prices because of its business model built around pipelines and other midstream assets. However, it's possible that the stock could sink if there's an economic downturn next year. The good news for investors, though, is that the prospects for a solid economy in 2024 appear to be relatively bright with inflation moderating, manageable unemployment levels, and the potential for interest rate cuts by the Federal Reserve.
3. Verizon Communications
Verizon Communications (NYSE: VZ) is a great target for the final one-third of the initial $123,500 amount. Thanks to the telecommunications giant's dividend yield of a little over 7%, you could make nearly $2,900 in additional passive income next year. This brings the total passive income produced by investing in Ares Capital, Enterprise Products Partners, and Verizon to roughly $10,000.
Admittedly, Verizon has faced some headwinds in recent years. Competition is intense in the wireless industry with the constant threat of customer churn. However, the company's dividend hasn't been in jeopardy. In September 2023, Verizon increased its dividend for the 17th consecutive year.
I think that Verizon's dividend is more secure now than it's been in a while. The company generated $14.6 billion of free cash flow in the first three quarters of 2023, up $2.2 billion from the same period in the prior year. Verizon also raised its free cash flow guidance for full-year 2023 to $18 billion.
Should you invest $1,000 in Verizon Communications right now?
Before you buy stock in Verizon Communications, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Verizon Communications wasn't one of them. The 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
Keith Speights has positions in Ares Capital and Enterprise Products Partners. The Motley Fool recommends Enterprise Products Partners and Verizon Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, investors might be comforted that the stock has delivered higher total returns than the S&P 500 over the last three-year and five-year periods as well as since Ares Capital's IPO in 2004. Enterprise Products Partners' fortunes don't hinge on oil and gas prices because of its business model built around pipelines and other midstream assets. The good news for investors, though, is that the prospects for a solid economy in 2024 appear to be relatively bright with inflation moderating, manageable unemployment levels, and the potential for interest rate cuts by the Federal Reserve.
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Enterprise Products Partners You should be in a good position to make another $3,100 or so in passive income in 2024 by investing another one-third of the upfront money in Enterprise Products Partners (NYSE: EPD). This brings the total passive income produced by investing in Ares Capital, Enterprise Products Partners, and Verizon to roughly $10,000. Before you buy stock in Verizon Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Verizon Communications wasn't one of them.
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Enterprise Products Partners You should be in a good position to make another $3,100 or so in passive income in 2024 by investing another one-third of the upfront money in Enterprise Products Partners (NYSE: EPD). Before you buy stock in Verizon Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Verizon Communications wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Keith Speights has positions in Ares Capital and Enterprise Products Partners.
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Enterprise Products Partners You should be in a good position to make another $3,100 or so in passive income in 2024 by investing another one-third of the upfront money in Enterprise Products Partners (NYSE: EPD). This brings the total passive income produced by investing in Ares Capital, Enterprise Products Partners, and Verizon to roughly $10,000. Before you buy stock in Verizon Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Verizon Communications wasn't one of them.
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019cee7d-65e0-407a-9595-7abd9f6f3c66
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711695.0
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2023-12-14 00:00:00 UTC
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Prediction: These 2 Stocks Could Be Monster Winners
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DCOMP
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https://www.nasdaq.com/articles/prediction%3A-these-2-stocks-could-be-monster-winners
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nan
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Of course, if it were easy to predict which stocks would be the next big winners, we'd all be rich. But in this video, Matt Frankel, CFP®, explains why SoFi (NASDAQ: SOFI) has the makings of a home run stock, and Fool.com contributor Tyler Crowe discusses why he thinks Noble Corp (NYSE: NE) could make patient long-term investors very happy.
*Stock prices used were the afternoon prices of Dec. 14, 2023. The video was published on Dec. 15, 2023.
Should you invest $1,000 in SoFi Technologies right now?
Before you buy stock in SoFi Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Matthew Frankel, CFP® has positions in SoFi Technologies. Tyler Crowe has positions in Noble Plc. The Motley Fool recommends Noble Plc. The Motley Fool has a disclosure policy.
Matthew Frankel 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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But in this video, Matt Frankel, CFP®, explains why SoFi (NASDAQ: SOFI) has the makings of a home run stock, and Fool.com contributor Tyler Crowe discusses why he thinks Noble Corp (NYSE: NE) could make patient long-term investors very happy. The 10 stocks that made the cut could produce monster returns in the coming years. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
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Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Matthew Frankel, CFP® has positions in SoFi Technologies. Tyler Crowe has positions in Noble Plc.
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But in this video, Matt Frankel, CFP®, explains why SoFi (NASDAQ: SOFI) has the makings of a home run stock, and Fool.com contributor Tyler Crowe discusses why he thinks Noble Corp (NYSE: NE) could make patient long-term investors very happy. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Matthew Frankel, CFP® has positions in SoFi Technologies.
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But in this video, Matt Frankel, CFP®, explains why SoFi (NASDAQ: SOFI) has the makings of a home run stock, and Fool.com contributor Tyler Crowe discusses why he thinks Noble Corp (NYSE: NE) could make patient long-term investors very happy. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Matthew Frankel, CFP® has positions in SoFi Technologies.
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deb2d4e1-eba1-4059-a778-266e24a4c502
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711696.0
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2023-12-14 00:00:00 UTC
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Rocket Lab Stock Has Had a Rocky 2023: Should You Buy It While It's Down?
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DCOMP
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https://www.nasdaq.com/articles/rocket-lab-stock-has-had-a-rocky-2023%3A-should-you-buy-it-while-its-down
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nan
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nan
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The growth stock party has returned in late 2023. Space flight start-up Rocket Lab (NASDAQ: RKLB) has joined in, with shares up 20% in the last month alone. It has been a volatile year for the company, which is trying to build a vertically integrated rocket launching business to compete with private leader SpaceX in the fast-growing space economy. At one point shares of Rocket Lab were up over 100% year to date (YTD), and they're now up 37% so far in 2023. But if we look at a multiyear timeline, the stock is off over 75% from all-time highs, putting many investors in the red.
Down 75% from all-time highs, is 2024 finally going to be the year Rocket Lab stock turns the corner? Let's see if now is the time to buy Rocket Lab while the is stock trading at a discounted price.
Steadily growing its space flight services
Rocket Lab has ambitious plans. It wants to become one of the backbones of the fast-growing space economy, helping companies launch items such as satellites into orbit (and eventually to the moon and beyond). Some analysts expect the space economy to hit $1 trillion by 2030, providing Rocket Lab with a monstrous opportunity if it can hit its product goals.
To start out, Rocket Lab began launching a set of smaller rockets for customers, nicknamed the Electron. The company is closing in on 50 launches for the product line, which has a 300kg payload that companies can purchase. Last quarter the company posted $21.3 million in launch revenue with 27% gross margins. As it aims to increase the launch frequency of the Electron rocket, we should see revenue and margins for the segment continue to climb higher.
On top of launch vehicles, Rocket Lab has worked organically and through acquisitions to vertically integrate launch services for its customers. These include things like the Photon space capsule, radio systems, and software for satellite customers. Last quarter the Space Systems segment generated $46.3 million in revenue for Rocket Lab. As one of the few companies consistently launching rockets into space, Rocket Lab has a competitive advantage over other space economy companies because it can bundle all its services together.
The key will be the Neutron rocket
Rocket Lab has steadily grown its revenue, hitting $236 million over the past 12 months. But the company is still small for a space economy business, and is posting $167 million in operating losses every year. The company needs to achieve a huge jump in revenue -- and quickly -- in order to hit break-even profitability.
Luckily, it may have a trick up its sleeve: the Neutron rocket. Coming in 2024, this larger rocket will see a 43x increase in payload compared to the Electron rocket, hitting 13,000kg. Revenue per launch generally goes up the more payload is on a vehicle, meaning that Rocket Lab could see a double-digit increase in revenue per launch for the Neutron compared to the Electron.
Right now, Rocket Lab's launch revenue is sitting at close to $100 million a year. If that can 10x once the Neutron rocket becomes fully operational, investors could start to see the launch business hit $1 billion within a few years' time. Of course, there is a risk that the Neutron rocket gets pushed back or struggles to achieve consistent launches (it has never launched before). But you can't deny there is a lot of potential for this new product from Rocket Lab.
Don't forget the Space Systems segment either. More launch payloads mean more revenue potential from the other services Rocket Lab offers customers. If things go right, Rocket Lab could be a multibillion-dollar revenue business within a few years.
RKLB Revenue (TTM) data by YCharts
But is the stock a buy?
After its December rally, Rocket Lab now trades at a market cap of $2.5 billion. It is hard to value the business given all the uncertainty with the Neutron rocket. Yes, there is a ton of potential here, but there is also a lot of risk. Rocket Lab is burning a lot of cash right now, and only has around $250 million left on the balance sheet.
If Rocket Lab gets the Neutron rocket consistently launching for commercial customers, this stock is likely to go much higher in a few years. The business will likely be doing billions in sales and generating a profit. But there is also a chance the business fails, or at least struggles mightily, if the Neutron project hits major roadblocks.
So what's an investor to do? Fans of this business don't necessarily need to avoid the stock. You just need to make sure you size your position to account for the large spectrum of potential outcomes. Make Rocket Lab a small enough position in your portfolio so you won't kick yourself if the stock goes to zero, but large enough so if it does become a multi-bagger the gains are meaningful.
Should you invest $1,000 in Rocket Lab USA right now?
Before you buy stock in Rocket Lab USA, 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 Rocket Lab USA 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 Rocket Lab USA. 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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It has been a volatile year for the company, which is trying to build a vertically integrated rocket launching business to compete with private leader SpaceX in the fast-growing space economy. It wants to become one of the backbones of the fast-growing space economy, helping companies launch items such as satellites into orbit (and eventually to the moon and beyond). Make Rocket Lab a small enough position in your portfolio so you won't kick yourself if the stock goes to zero, but large enough so if it does become a multi-bagger the gains are meaningful.
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Last quarter the Space Systems segment generated $46.3 million in revenue for Rocket Lab. As one of the few companies consistently launching rockets into space, Rocket Lab has a competitive advantage over other space economy companies because it can bundle all its services together. Before you buy stock in Rocket Lab USA, 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 Rocket Lab USA wasn't one of them.
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As one of the few companies consistently launching rockets into space, Rocket Lab has a competitive advantage over other space economy companies because it can bundle all its services together. If Rocket Lab gets the Neutron rocket consistently launching for commercial customers, this stock is likely to go much higher in a few years. Before you buy stock in Rocket Lab USA, 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 Rocket Lab USA wasn't one of them.
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As one of the few companies consistently launching rockets into space, Rocket Lab has a competitive advantage over other space economy companies because it can bundle all its services together. If that can 10x once the Neutron rocket becomes fully operational, investors could start to see the launch business hit $1 billion within a few years' time. Before you buy stock in Rocket Lab USA, 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 Rocket Lab USA wasn't one of them.
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f7f4405a-be02-46b2-afc9-e5ab5d1db0f6
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711697.0
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2023-12-14 00:00:00 UTC
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Better Tech Stock: AMD vs. Microsoft
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DCOMP
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https://www.nasdaq.com/articles/better-tech-stock%3A-amd-vs.-microsoft
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nan
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nan
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All eyes have been on tech stocks this year as advances in high-growth areas like artificial intelligence (AI) have made Wall Street particularly bullish. Despite macroeconomic headwinds last year, tech stocks have surged in 2023 and will likely continue trending up in the new year.
Data by YCharts
The tech market has a long history of delivering significant and consistent gains over the long term. The chart above illustrates this, with the Nasdaq-100 Technology Sector index rising far higher in the last five years than the S&P 500. As a result, it's not a bad idea to dedicate a portion of your portfolio to the lucrative sector.
Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are two compelling options. These companies are expanding quickly in AI and have solid positions in various other areas of tech.
So, is AMD or Microsoft the better tech stock? Let's find out.
AMD
Chip stocks have soared alongside the boom in AI, with their hardware crucial for building and running AI models. Shares in AMD have risen about 115% year to date alongside the excitement.
The company is gearing up to challenge Nvidia's estimated 90% market share in AI chips in 2024 with the launch of a new graphics processing unit (GPU), the MI300X. It won't be easy to overcome Nvidia's dominance, but of the many companies venturing into chip development, AMD probably has the best chance at thriving in the industry.
AMD has held the second-largest market share in desktop GPUs for years, responsible for about 10% of the industry compared to Nvidia's 87%. Meanwhile, AMD has backing from Microsoft, which announced last month that its cloud platform Azure would become the first to begin using AMD's MI300X to expand its AI capabilities.
In addition to AI, AMD has a lucrative position in video games. Its chips are popular among PC gamers who use AMD's hardware to build high-powered gaming computers. The company is also the exclusive supplier of chips to Sony's PlayStation 5 and Microsoft's Xbox Series X|S, some of the world's best-selling consoles.
AMD is powering the tech market with its hardware and has a promising long-term outlook as demand for chips continues to rise.
Microsoft
As the world's second most valuable company with a market cap of $2.8 trillion, it's hard to go wrong with Microsoft. The company is a tech behemoth and a king of productivity with brands like Windows, Office, Azure, and LinkedIn. Millions of businesses rely on Microsoft's products, strengthening its prospects in high-growth industries like AI and cloud computing.
In its fiscal first quarter of 2024 (ending September 2023), the company posted revenue growth of 13% year over year and beat analysts' expectations by nearly $2 billion. The stellar growth was mainly thanks to a 13% rise in its productivity and business processes segment and a 19% increase in cloud revenue.
Like many tech companies, Microsoft has pivoted its business to AI this year. Heavy investments in the market have seen it achieve a 49% stake in ChatGPT developer OpenAI, granting it exclusive access to the start-up's most advanced technology.
Microsoft has used OpenAI's models to bring AI upgrades across its various services, including an AI assistant to Microsoft 365, which it calls Copilot. The company is charging an additional $30 on top of the subscription price to add the new assistant as it moves to monetize its AI expansion.
Microsoft's potent position in tech has given it the brand loyalty and vast financial resources to thrive long into the future.
Is AMD or Microsoft the better tech stock?
AMD and Microsoft have exciting prospects heading into 2024, with both likely to see big gains from AI and their positions in other markets. However, a company dominating a market doesn't necessarily mean it's trading at the right price.
Data by YCharts
The tables above compare AMD's and Microsoft's forward price-to-earnings and price-to-free-cash-flow ratios, two helpful valuation metrics. While Microsoft's figures don't scream "bargain," they are significantly lower than AMD's and suggest the Windows company's stock currently offers far more value.
Moreover, Microsoft hit $63 billion in free cash flow this year compared to AMD's just over $1 billion. Microsoft is not only the cheaper stock, but the more reliable option, as it has the funds to overcome potential headwinds and continue investing in its business.
Should you invest $1,000 in Advanced Micro Devices right now?
Before you buy stock in Advanced Micro Devices, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The 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
Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Microsoft, and Nvidia. 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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All eyes have been on tech stocks this year as advances in high-growth areas like artificial intelligence (AI) have made Wall Street particularly bullish. The company is gearing up to challenge Nvidia's estimated 90% market share in AI chips in 2024 with the launch of a new graphics processing unit (GPU), the MI300X. Heavy investments in the market have seen it achieve a 49% stake in ChatGPT developer OpenAI, granting it exclusive access to the start-up's most advanced technology.
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Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are two compelling options. Millions of businesses rely on Microsoft's products, strengthening its prospects in high-growth industries like AI and cloud computing. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them.
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So, is AMD or Microsoft the better tech stock? Is AMD or Microsoft the better tech stock? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them.
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So, is AMD or Microsoft the better tech stock? Like many tech companies, Microsoft has pivoted its business to AI this year. Is AMD or Microsoft the better tech stock?
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8974d5f4-9201-4da4-8fb4-2446f3d81d0e
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711698.0
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2023-12-14 00:00:00 UTC
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Weekly Preview: Earnings to Watch This Week 12-17-23 (BB, FDX, NKE)
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DCOMP
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https://www.nasdaq.com/articles/weekly-preview-earnings-to-watch-this-week-bb-fdx-nke
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nan
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nan
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S
ometimes one of the toughest things for investors to do in a bull market is to maintain confidence in the overall direction of stocks. Although Friday’s trading activity was muted, it doesn’t change the overall bullish trend, particularly given the gift the Federal Reserve just provided investors, who have banked on year-end Santa Claus rally.
Not only did the policymakers on the Federal Open Market Committee voted unanimously vote to hold interest rates steady on Wednesday for the third straight time, they essentially set table for multiple cuts, as many as three, to come as some point in 2024. With inflation now easing, combined with a stable economy, the Central bank telegraphed their policy, which is not something they typically do, often opting to use the phrase they will remain “data dependent.”
As to the number of rate cuts, penciled in at three, while that is fewer than the market would like, there is no longer the need to discuss when the so-called “Fed pivot” will come. It has arrived and announced its presence with some authority. After eleven rate hikes over the past two years, which pushed the fed funds rate to its highest level in 22 years, the end of the hike cycle is finally in the rearview mirror.
While there are still some questions about how aggressive the Fed will be when it comes to easing its policy, the pivot is nonetheless bullish for stocks, even though Friday’s session seem to lack some conviction, evidenced by the slight dip in the S&P 500 index, which gave up 0.36 points, or 0.01% to end the session at 4,719.19. Of the eleven S&P sectors, seven closed in negative territory, led by Utilities. The Dow Jones Industrial Average, meanwhile, rose 56.81 points or 1.15% to close at 37,305.16, while the tech-heavy Nasdaq Composite added 52.36 points, or 0.35%, to end the session at 14,813.92.
With the Federal Reserve on Wednesday proclaiming that its efforts to fight inflation have worked, and adding more hopes of a soft landing, stocks enjoyed another great week, extending its weekly winning streak to seven. For the week, the S&P 500 gained 2.6% and is now less than 1.6% away from a record close set in January 2022. The Dow added 2.7% during the week, after jumping more than 400 points on Thursday to surpass 37,000 for the first time. The Nasdaq gained 2.9% and is roughly 9% from its all-time intraday high. And it will get it if the Santa Claus rally does come.
In the meantime, although not quite in the thick of earnings season, there are still a few relevant companies worth watching:
FedEx (FDX) - Reports after the close, Wednesday, Dec. 19
Wall Street expects FedEx to earn $4.19 per share on revenue of $22.39 billion. This compares to the year-ago quarter when earnings came to $3.18 per share on revenue of $22.8 billion.
What to watch: Shares of the transportation and delivery giant FedEx have risen 25% over the past six months, including a gain of almost 12% in thirty days. With its shares surging 63% year to date, besting the 23% rise in the S&P 500 index, you would be hard-pressed to find a better performer in the Dow Jones Transportation Average. Currently trading at $283, the stock has added more than $30 since its last earnings results. Even more impressive is the fact that amid macroeconomic uncertainty the shares have gained 60% over the past year, more than tripling the S&P 500 index during that span.
But it’s not yet time to take profits, according to Susquehanna analyst Bascome Majors. Citing the long-term upside opportunity in FedEx from cost rationalization and valuation re-rating as greater than the near-term cyclical risk, Majors boosted his price target on FDX stock to $315 to represent close to 11% upside for shares.
"Our look at 25 years of FDX volumes vs. share performance suggests investors buying the volume declines we've seen in recent quarters typically do well over the next 12 months on both an absolute and market-relative basis,” noted Majors. But with some vulnerabilities showing in its core operations, particularly in package volume, the company still has a lot to prove in terms of execution. Its management has figured ways to offset volume weakness by improved yields and reduced expenses. But investors would much rather have volumes trend upward. On Wednesday the company will look to preserve investor confidence as it relates to profitability and volume improvements among the company’s various business segments.
BlackBerry (BB) - Reports after the close, Wednesday, Dec. 20
Wall Street expects BlackBerry to lose 3 cents per share on revenue of $172.37 million. This compares to the year-ago quarter when the loss was 5 cents per share on revenue of $169 million.
What to watch: BlackBerry shares have risen 35% year to date, including almost 20% gains in the past thirty days. As with the rest of the market, evidenced by its 12% rise over the past week, BlackBerry stock has caught a bid. But it’s hard to ignore that this is likely just a case of a rising tide lifting all boats. Despite BB's recent strong performance, its shares are still down 15% over the past six months and have traded flat over the past year.
BlackBerry’s struggles with growth hasn’t gone away, particularly in the company’s Enterprise Software Services segment (its largest business). Chief Executive Officer John Chen is now reportedly exiting the company after ten years at the helm. Chen was hired to turn the company around, “a job that remains unfinished,” according to The Globe & Mail who reported on Chen’s departure. Chen has otherwise disappointed investors. Shares are down some 54% since he took office. The company in October said it would separate its Internet of Things and cybersecurity businesses into two independently operated entities.
Wall Street analysts have been busy slashing their projections ahead of Wednesday’s release, driven by prolonged weakness in the cybersecurity segment which has spans several quarters. The company has not shown it can make significant cybersecurity strides to capture that sort of market share needed to make a worthwhile gain in revenue. Nevertheless, with BlackBerry stock still down some 50% over the past three years, one quarter of any sort of improvement won’t change the narrative to justify a higher price.
Nike (NKE) - Reports after the close, Thursday, Dec. 21
Wall Street expects Nike to earn 78 cents per share on revenue of $12.43 billion. This compares to the year-ago quarter when earnings came to 85 cents per share on revenue of $13.32 billion.
What to watch: With a 24.5% rise in the past three months, including 15% gain in thirty days, Nike stocks has been one of the better performers in retail despite the macroeconomic uncertainty. While the stock hasn’t done much on a year-to-date basis, rising just 3.6%, compared with a 23% rise in the S&P 500 index, Nike still has a lot going for it, especially when assessing the company’s long-term potential with its Direct-to-Consumer (DTC) business. That segment is not only more profitable business than the wholesale, it also gives Nike more pricing power while allowing the company to affect the consumer buying experience.
Recently, Citigroup analyst Paul Lejuez upgrades the stock to Buy from Neutral. Citing optimism about Nike’s ability to protect earnings in the current and next fiscal year, Lejuez assigned a price target of $135, compared to its 52-week trading range of $88.66 to $131.31. While Lejuez noted its struggles with revenue, the analyst nonetheless referred to Nike as a "One-of-a-kind brand with visible margin recovery creates a favorable risk/reward in our view.” Some of the added features are the company’s ability to emerge leaner inventory, lower promotions, and more direct-to-consumer sales. As it stands, DTC now accounts for roughly 45% of the company’s total revenue, compared to 27.5% six years ago. On Thursday, to keep the stock running higher, the company will need to deliver a top and bottom line beat, along with positive guidance.
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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Although Friday’s trading activity was muted, it doesn’t change the overall bullish trend, particularly given the gift the Federal Reserve just provided investors, who have banked on year-end Santa Claus rally. With inflation now easing, combined with a stable economy, the Central bank telegraphed their policy, which is not something they typically do, often opting to use the phrase they will remain “data dependent.” As to the number of rate cuts, penciled in at three, while that is fewer than the market would like, there is no longer the need to discuss when the so-called “Fed pivot” will come. While Lejuez noted its struggles with revenue, the analyst nonetheless referred to Nike as a "One-of-a-kind brand with visible margin recovery creates a favorable risk/reward in our view.” Some of the added features are the company’s ability to emerge leaner inventory, lower promotions, and more direct-to-consumer sales.
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In the meantime, although not quite in the thick of earnings season, there are still a few relevant companies worth watching: FedEx (FDX) - Reports after the close, Wednesday, Dec. 19 Wall Street expects FedEx to earn $4.19 per share on revenue of $22.39 billion. BlackBerry (BB) - Reports after the close, Wednesday, Dec. 20 Wall Street expects BlackBerry to lose 3 cents per share on revenue of $172.37 million. Nike (NKE) - Reports after the close, Thursday, Dec. 21 Wall Street expects Nike to earn 78 cents per share on revenue of $12.43 billion.
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In the meantime, although not quite in the thick of earnings season, there are still a few relevant companies worth watching: FedEx (FDX) - Reports after the close, Wednesday, Dec. 19 Wall Street expects FedEx to earn $4.19 per share on revenue of $22.39 billion. "Our look at 25 years of FDX volumes vs. share performance suggests investors buying the volume declines we've seen in recent quarters typically do well over the next 12 months on both an absolute and market-relative basis,” noted Majors. Nike (NKE) - Reports after the close, Thursday, Dec. 21 Wall Street expects Nike to earn 78 cents per share on revenue of $12.43 billion.
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The Dow added 2.7% during the week, after jumping more than 400 points on Thursday to surpass 37,000 for the first time. On Wednesday the company will look to preserve investor confidence as it relates to profitability and volume improvements among the company’s various business segments. Chief Executive Officer John Chen is now reportedly exiting the company after ten years at the helm.
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82b775a3-96e3-44b8-9435-dcff0948c617
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711699.0
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2023-12-14 00:00:00 UTC
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Altria Group Stock: Buy, Sell, or Hold?
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DCOMP
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https://www.nasdaq.com/articles/altria-group-stock%3A-buy-sell-or-hold-0
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nan
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nan
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Most people know the dangers of cigarette smoking. For better or worse, tobacco companies have addictive products and loyal customers.
According to the World Health Organization, 1.3 billion people smoke, with 80% of them living in low- and middle-income countries. Roughly 28 million smokers live in the U.S., according to the Centers for Disease Control and Prevention.
But the industry has been changing. If you can put aside any moral qualms you might have about owning a tobacco company, should you purchase Altria Group's (NYSE: MO) stock? To make that decision, it's important to look at the industry and company fundamentals.
Image source: Getty Images.
Altria stock pays a high yield
Altria's stock offers a tempting 9.5% dividend yield compared to 1.5% for the S&P 500. The board of directors has raised dividends annually for over half a century. That includes an over 4% hike to October's payment to $0.98.
It's shown a willingness to raise dividends, and it's a priority. But when dividend yields get high, it could mean the company will cut the payout. Altria has a 77% payout ratio, which is high but doesn't indicate an imminent reduction.
When looking at free cash flow, the company generated $5.9 billion for the first nine months of the year. That's sufficient to pay the $5 billion in dividends. Hence, based on the payout ratio and free cash flow, Altria doesn't seem likely to cut the dividend anytime soon.
Dealing with lower volume
Altria generates most of its revenue from smokeable products. This segment primarily consists of selling cigarettes. It accounted for 89% of the top line for the first nine months of the year, with oral tobacco products representing the balance.
Unfortunately for the company, Altria's cigarette volume keeps falling. Altria shipped 58.1 billion cigarettes this year, down 10.5% from a year ago. Its market share, while an impressive 47%, has been falling. It had a 48.7% share at the end of 2021.
While management has been implementing price increases, it hasn't been enough to offset softer cigarette volumes. Altria's third-quarter revenue dropped by 4.1% to $6.3 billion.
Share price is not a bargain
Over the last year, Altria's share price has dropped by 9.8%, while the S&P 500 gained 17.3%. That's resulted in the stock's price-to-earnings (P/E) ratio getting cut by about half to 9. By contrast, the overall market sells at a 26 P/E multiple.
However, I don't think that translates to a bargain. Altria has sluggish earnings growth. In the most recent quarter, its earnings per share (EPS) -- adjusted for certain items, like litigation -- was $1.28, flat versus a year ago. Management expects adjusted EPS to grow by 1.5% to 3% for the full year.
While Altria has a high dividend yield and places a high priority on annual increases, with sluggish sales and earnings growth, I'd sell Altria shares. Dividend investors can find better alternatives that continue to increase sales and earnings to support higher payments for a long time.
Should you invest $1,000 in Altria Group right now?
Before you buy stock in Altria Group, 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 Altria Group 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
Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you can put aside any moral qualms you might have about owning a tobacco company, should you purchase Altria Group's (NYSE: MO) stock? In the most recent quarter, its earnings per share (EPS) -- adjusted for certain items, like litigation -- was $1.28, flat versus a year ago. Dividend investors can find better alternatives that continue to increase sales and earnings to support higher payments for a long time.
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Altria stock pays a high yield Altria's stock offers a tempting 9.5% dividend yield compared to 1.5% for the S&P 500. While Altria has a high dividend yield and places a high priority on annual increases, with sluggish sales and earnings growth, I'd sell Altria shares. Before you buy stock in Altria Group, 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 Altria Group wasn't one of them.
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Altria stock pays a high yield Altria's stock offers a tempting 9.5% dividend yield compared to 1.5% for the S&P 500. While Altria has a high dividend yield and places a high priority on annual increases, with sluggish sales and earnings growth, I'd sell Altria shares. Before you buy stock in Altria Group, 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 Altria Group wasn't one of them.
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Unfortunately for the company, Altria's cigarette volume keeps falling. Altria shipped 58.1 billion cigarettes this year, down 10.5% from a year ago. While Altria has a high dividend yield and places a high priority on annual increases, with sluggish sales and earnings growth, I'd sell Altria shares.
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f3160e84-ae42-45f7-917e-4e9f4744a800
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