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711800.0
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2023-12-13 00:00:00 UTC
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Wolverine's (WWW) Strategic Growth Efforts Appear Encouraging
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DCOMP
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https://www.nasdaq.com/articles/wolverines-www-strategic-growth-efforts-appear-encouraging-0
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nan
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Wolverine World Wide, Inc. WWW looks encouraging, thanks to its robust business strategies. The company focuses on developing brands that suit consumer needs aptly on the back of advanced technologies and accurate market insights. It has been enhancing its footprint across the international markets.
The company has announced a strategic transformation plan to drive long-term growth. This includes the unveiling of a global licensing function to oversee and manage all its licensed businesses and setting up an integrated planning mechanism to improve integrated demand, inventory and supply-chain management.
Let’s Delve Deeper
Management had earlier initiated an action plan, including a focus on inventory reduction, debt management, Keds' sales and the creation of a profit improvement office to grab savings. We note that the company’s 2024 results will reflect a benefit of $60 million from 2023 transitory supply-chain costs. Wolverine expects the profit-improvement office to generate annual savings of $215 million, including $75 million expected in 2023 and an incremental $140 million in 2024.
The company looks forward to reinvesting a portion of these savings into brand building and top marketing capabilities, particularly for Merrell and Saucony. It anticipates inventory improvement in 2024, backed by tighter SKU management and a better operations planning system. Driven by the operational efficiencies and deleverage efforts, management projects net debt to be approximately $850 million by the end of this year.
Wolverine World Wide, Inc. Price and Consensus
Wolverine World Wide, Inc. price-consensus-chart | Wolverine World Wide, Inc. Quote
The company remains on track to deliver the year-end inventory goal of $490 million. Management also has plans to sell $65 million of non-core assets in the following months to pay down debt. The company has been focusing on the brand structure, increasing efficiency by removing costs, strategic review of its portfolio, improving working capital and lowering leverage. Wolverine remains confident in accomplishing a target of 12% operating margin in the near term.
Wolverine remains committed to enhancing its footprint across the international markets. As part of long-term business growth strategies, the company is also striving to develop an efficient sourcing structure and diversify its global business. Management sees major opportunities across the owned and JV-operated markets. Wolverine plans to invest in key growth markets and continues to invest in the international regions, with joint ventures for Merrell and Saucony and expanding e-commerce capabilities globally.
Over the past three months, shares of this Zacks Rank #3 (Hold) stock have gained 22.5% compared with the industry’s 16.2% growth. The Zacks Consensus Estimate for WWW 2024’s earnings per share (EPS) is pegged at $1.06, reflecting an increase of 523.5% year over year. This highlights analysts’ confidence in the stock.
Eye These Solid Picks
Some better-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL.
Royal Caribbean sports a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
RCL has a trailing four-quarter earnings surprise of 28.3%, on average. The Zacks Consensus Estimate for RCL’s 2023 sales and EPS indicates increases of 57.7% and 187.9%, respectively, from the year-ago period’s reported levels.
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank #2 (Buy), at present.
The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 18.1% and 20.5%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 6.8%, on average.
Ralph Lauren, a footwear and accessories dealer, has a Zacks Rank of 2 at present. RL has a trailing four-quarter earnings surprise of 18%, on average.
The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 1.4% and 13.1%, respectively, from the year-ago corresponding figures.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Ralph Lauren Corporation (RL) : Free Stock Analysis Report
lululemon athletica inc. (LULU) : Free Stock Analysis Report
Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has been focusing on the brand structure, increasing efficiency by removing costs, strategic review of its portfolio, improving working capital and lowering leverage. Eye These Solid Picks Some better-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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The Zacks Consensus Estimate for lululemon athletica’s current financial-year sales and EPS suggests growth of 18.1% and 20.5%, respectively, from the year-ago corresponding figures. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales and EPS suggests growth of 1.4% and 13.1%, respectively, from the year-ago corresponding figures. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wolverine World Wide, Inc. Price and Consensus Wolverine World Wide, Inc. price-consensus-chart | Wolverine World Wide, Inc. Quote The company remains on track to deliver the year-end inventory goal of $490 million. Wolverine plans to invest in key growth markets and continues to invest in the international regions, with joint ventures for Merrell and Saucony and expanding e-commerce capabilities globally. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company has been focusing on the brand structure, increasing efficiency by removing costs, strategic review of its portfolio, improving working capital and lowering leverage. Eye These Solid Picks Some better-ranked companies are Royal Caribbean RCL, lululemon athletica LULU and Ralph Lauren RL. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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15569313-4986-4773-a798-f20a52cd4768
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711801.0
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2023-12-13 00:00:00 UTC
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QS Stock Outlook: Is QuantumScape Set to Shock the Skeptics in 2024?
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DCOMP
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https://www.nasdaq.com/articles/qs-stock-outlook%3A-is-quantumscape-set-to-shock-the-skeptics-in-2024
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
QuantumScape (NYSE:QS) shares have been holding steady at around $7 per share since the start of the month, but as I recently argued, another near-term selloff for QS stock remains very possible.
Why? A recent bearish sell-side rating, for one. There has also been growing awareness of insider selling by members of the EV battery technology company’s C-Suite.
Other factors, like possible tax loss harvesting, could also put pressure on shares between now and year’s end. That said, when it comes to the company’s prospects in 2024, the future has yet to be written.
Although long standing concerns persist, the coming year (a pivotal one for QuantumScape) may bring with it major changes that leave skeptics of the stock (such as myself) compelled to reassess our view of this speculative growth play.
With this, let’s dive in and see what may be the best approach with QS going forward.
QS Stock: Still a Chancy Wager, But Not Necessarily ‘Doomed’
Don’t get me wrong. I have not fully changed my tune on QuantumScape. This stock remains a very chancy wager. Mostly, due to the numerous issues I’ve cited in prior coverage, such as the risk of continued shareholder dilution.
As I discussed previously, barring a pivot on interest rates by the Federal Reserve, the market’s appetite for stocks valued on future potential rather than present results will keep waning. This too could keep QS stock sliding lower.
Plus, while QS continues to make incremental progress developing and fine-tuning its solid state battery technology, it’s likely going to take “big news” like a move to the production stage or the announcement of a licensing deal to get shares back on an upward trajectory.
With management previously targeting 2025 or 2026 as when QuantumScape will enter production, I wouldn’t expect a fast move to this stage over the next year. However, a change in investor sentiment at a macro level or a surprise update from the company could send QS stock surging again.
A New Approach May Be the Key
Much like how Big Tech companies responded to Wall Street’s whims last year by implementing massive layoffs and other cost-saving measures, QS’s management could decide to change up its game plan. This may be all it takes for the stock to come back in the market’s good graces.
QuantumScape keeps developing its own manufacturing processes. However, the company has also hinted at exploring licensing opportunities to commercialize this technology. In 2024, the company may do more than just hint at going with this approach.
If QuantumScape next year inks another deal with either its strategic partner, Volkswagen (OTCMKTS:VWAGY), which is already participating in testing for QS, or with another automaker, such a move could help to bring some of the past hope and hype back into QS.
The Best Approach
On one hand, a big breakthrough in 2024 with QuantumScape’s R&D efforts is questionable. On the other hand, the pursuit of an alternative means to fund and grow the company may be the sort of big news that leads to a correspondingly large rebound for shares.
So, as there is an identifiable path for QS to not only maintain its premium valuation to other EV battery startups, but experience a surge as well, does that mean buy now? Not quite.
But the new year holds potential for new opportunities and a new era for the stock market.
Hence, even if you’re confident that QuantumScape will make big changes to drive big gains, wait for weakness. There’s no rush to buy.
On the date of publication, Thomas Niel 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.
Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post QS Stock Outlook: Is QuantumScape Set to Shock the Skeptics 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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Although long standing concerns persist, the coming year (a pivotal one for QuantumScape) may bring with it major changes that leave skeptics of the stock (such as myself) compelled to reassess our view of this speculative growth play. Plus, while QS continues to make incremental progress developing and fine-tuning its solid state battery technology, it’s likely going to take “big news” like a move to the production stage or the announcement of a licensing deal to get shares back on an upward trajectory. A New Approach May Be the Key Much like how Big Tech companies responded to Wall Street’s whims last year by implementing massive layoffs and other cost-saving measures, QS’s management could decide to change up its game plan.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips QuantumScape (NYSE:QS) shares have been holding steady at around $7 per share since the start of the month, but as I recently argued, another near-term selloff for QS stock remains very possible. There has also been growing awareness of insider selling by members of the EV battery technology company’s C-Suite. Hence, even if you’re confident that QuantumScape will make big changes to drive big gains, wait for weakness.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips QuantumScape (NYSE:QS) shares have been holding steady at around $7 per share since the start of the month, but as I recently argued, another near-term selloff for QS stock remains very possible. Plus, while QS continues to make incremental progress developing and fine-tuning its solid state battery technology, it’s likely going to take “big news” like a move to the production stage or the announcement of a licensing deal to get shares back on an upward trajectory. If QuantumScape next year inks another deal with either its strategic partner, Volkswagen (OTCMKTS:VWAGY), which is already participating in testing for QS, or with another automaker, such a move could help to bring some of the past hope and hype back into QS.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips QuantumScape (NYSE:QS) shares have been holding steady at around $7 per share since the start of the month, but as I recently argued, another near-term selloff for QS stock remains very possible. Plus, while QS continues to make incremental progress developing and fine-tuning its solid state battery technology, it’s likely going to take “big news” like a move to the production stage or the announcement of a licensing deal to get shares back on an upward trajectory. In 2024, the company may do more than just hint at going with this approach.
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c32da4b6-7f1c-42e8-b12e-18f5263ec98d
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711802.0
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2023-12-13 00:00:00 UTC
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Here Are 2 Convincing Reasons to Buy ACHR Stock
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DCOMP
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https://www.nasdaq.com/articles/here-are-2-convincing-reasons-to-buy-achr-stock
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Flying car stocks are gaining attention for their growth potential. Archer Aviation (NYSE:ACHR) stands out among the pack, aiming for commercialization by 2025. Certification progress suggests the potential for a significant stock surge, with global expansion plans already in motion. ACHR stock has partnerships in the UAE and India for eVTOL aircraft launches in 2026.
Archer remains predominantly pre-revenue, reporting a Q3 net loss of $51 million. Indeed, that’s a significant improvement from Q2 2023’s $184 million and Q3 2022’s $91 million losses. With $461 million in reserves, Archer’s financial trajectory aligns with its plans, signaling potential profitability if timelines are met. While challenges exist in a competitive industry, Archer’s strategic moves make it a noteworthy player in the flying car stocks landscape.
Here are two enticing reasons why investors should set their hands and eyes on Archer Aviation.
Visionaries for Urban Air Mobility
Archer Aviation is turning the dream of flying taxis into reality, aiming for tangible progress and the launch of its four-passenger eVTOL aircraft, the Midnight, by 2025. Regulatory approval is expected in 2025, with plans for flights in the UAE starting in 2026.
Archer Aviation’s CCO, Nikhil Goel, unveiled plans for inaugural routes in the UAE, connecting Dubai and Abu Dhabi airports to key destinations. With demand surpassing initial capacity, premium pricing is anticipated to decrease as the fleet expands. Archer envisions deploying hundreds of aircraft in the UAE, aiming to make flying taxis a widespread mode of transportation.
Simultaneously, Archer eyes the expansive market potential in India. Test flights for the Midnight are underway in California, showcasing its safety features and design incorporating a dozen propellers and a gliding wing for emergencies.
The Midnight, Archer’s eVTOL aircraft, recharges in 6-7 minutes and covers 160 km at 240 km/h. User-friendly, even a 12-year-old can learn in 20 mins. Notably, the company’s ride-share model targets $4-$5/mile, reducing over time and leveraging existing helicopter routes, emphasizing safety, cost-effectiveness, and eco-friendliness. Nolen highlights zero-emission and low-noise features for smart city mobility.
Progressive Growth in a Short Time
In October, Archer Aviation successfully conducted the inaugural flight of its Midnight eVTOL aircraft, marking a pivotal milestone in the testing phase. The uncrewed and tethered flight signifies progress toward future evaluations.
After four years of flight testing, Archer Aviation achieved a significant milestone with the first flight of its Midnight aircraft. The upcoming phases aim for full wing-borne flight, targeting FAA certification in 2024. CEO Adam Goldstein emphasized the successful progression toward commercial services.
The next 18 months will focus on advancing the flight test program for Archer Aviation’s Midnight eVTOL. Set for a 2025 market launch, the piloted, four-passenger aircraft is optimized for urban trips up to 50 miles at speeds up to 150 mph, with quick-charging capabilities.
ACHR is a Must-Own Stock
ACHR stock plans to launch air taxi services in Chicago and a direct route from Newark to JFK Airport. The company has strong public and private sector ties with United Airlines, purchasing 100 vehicles and a partnership with Stellantis for manufacturing facilities. Archer received a million-dollar payment from an airport in Q3, part of a potential $142 million contract.
As a pre-revenue stock, Archer Aviation is certainly a more speculative bet long-term investors may want to consider in a small proportion to their overall portfolios. However, for those with a long-term investing time horizon seeking exposure to this space, I think it’s one of the best options in the sector.
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.
More From InvestorPlace
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Here Are 2 Convincing Reasons to Buy ACHR 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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Visionaries for Urban Air Mobility Archer Aviation is turning the dream of flying taxis into reality, aiming for tangible progress and the launch of its four-passenger eVTOL aircraft, the Midnight, by 2025. Archer Aviation’s CCO, Nikhil Goel, unveiled plans for inaugural routes in the UAE, connecting Dubai and Abu Dhabi airports to key destinations. Progressive Growth in a Short Time In October, Archer Aviation successfully conducted the inaugural flight of its Midnight eVTOL aircraft, marking a pivotal milestone in the testing phase.
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Progressive Growth in a Short Time In October, Archer Aviation successfully conducted the inaugural flight of its Midnight eVTOL aircraft, marking a pivotal milestone in the testing phase. After four years of flight testing, Archer Aviation achieved a significant milestone with the first flight of its Midnight aircraft. ACHR is a Must-Own Stock ACHR stock plans to launch air taxi services in Chicago and a direct route from Newark to JFK Airport.
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Visionaries for Urban Air Mobility Archer Aviation is turning the dream of flying taxis into reality, aiming for tangible progress and the launch of its four-passenger eVTOL aircraft, the Midnight, by 2025. Progressive Growth in a Short Time In October, Archer Aviation successfully conducted the inaugural flight of its Midnight eVTOL aircraft, marking a pivotal milestone in the testing phase. After four years of flight testing, Archer Aviation achieved a significant milestone with the first flight of its Midnight aircraft.
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ACHR stock has partnerships in the UAE and India for eVTOL aircraft launches in 2026. Visionaries for Urban Air Mobility Archer Aviation is turning the dream of flying taxis into reality, aiming for tangible progress and the launch of its four-passenger eVTOL aircraft, the Midnight, by 2025. After four years of flight testing, Archer Aviation achieved a significant milestone with the first flight of its Midnight aircraft.
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bdebe6f6-dc8a-44aa-bbc6-0cc3216df413
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711803.0
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2023-12-13 00:00:00 UTC
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LDOS vs. NOC: Which Stock Is the Better Value Option?
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DCOMP
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https://www.nasdaq.com/articles/ldos-vs.-noc%3A-which-stock-is-the-better-value-option-0
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nan
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nan
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Investors looking for stocks in the Aerospace - Defense sector might want to consider either Leidos (LDOS) or Northrop Grumman (NOC). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, Leidos is sporting a Zacks Rank of #2 (Buy), while Northrop Grumman has a Zacks Rank of #3 (Hold). This means that LDOS's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
LDOS currently has a forward P/E ratio of 15.53, while NOC has a forward P/E of 21.08. We also note that LDOS has a PEG ratio of 1.91. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NOC currently has a PEG ratio of 8.71.
Another notable valuation metric for LDOS is its P/B ratio of 3.57. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, NOC has a P/B of 4.54.
Based on these metrics and many more, LDOS holds a Value grade of A, while NOC has a Value grade of C.
LDOS sticks out from NOC in both our Zacks Rank and Style Scores models, so value investors will likely feel that LDOS is the better option right now.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Leidos Holdings, Inc. (LDOS) : Free Stock Analysis Report
Northrop Grumman Corporation (NOC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This means that LDOS's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Based on these metrics and many more, LDOS holds a Value grade of A, while NOC has a Value grade of C. LDOS sticks out from NOC in both our Zacks Rank and Style Scores models, so value investors will likely feel that LDOS is the better option right now. Click to get this free report Leidos Holdings, Inc. (LDOS) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Based on these metrics and many more, LDOS holds a Value grade of A, while NOC has a Value grade of C. LDOS sticks out from NOC in both our Zacks Rank and Style Scores models, so value investors will likely feel that LDOS is the better option right now. Click to get this free report Leidos Holdings, Inc. (LDOS) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors looking for stocks in the Aerospace - Defense sector might want to consider either Leidos (LDOS) or Northrop Grumman (NOC). Based on these metrics and many more, LDOS holds a Value grade of A, while NOC has a Value grade of C. LDOS sticks out from NOC in both our Zacks Rank and Style Scores models, so value investors will likely feel that LDOS is the better option right now. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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2884270a-33af-4a4a-b594-ea43b1d4eaa4
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711804.0
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2023-12-13 00:00:00 UTC
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STRA or BFAM: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/stra-or-bfam%3A-which-is-the-better-value-stock-right-now
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nan
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nan
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Investors interested in stocks from the Schools sector have probably already heard of Strategic Education (STRA) and Bright Horizons Family Solutions (BFAM). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Strategic Education and Bright Horizons Family Solutions are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This means that STRA's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one piece of the puzzle for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
STRA currently has a forward P/E ratio of 26.91, while BFAM has a forward P/E of 33.18. We also note that STRA has a PEG ratio of 1.30. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BFAM currently has a PEG ratio of 3.44.
Another notable valuation metric for STRA is its P/B ratio of 1.40. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, BFAM has a P/B of 4.50.
Based on these metrics and many more, STRA holds a Value grade of B, while BFAM has a Value grade of D.
STRA sticks out from BFAM in both our Zacks Rank and Style Scores models, so value investors will likely feel that STRA is the better option right now.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Strategic Education Inc. (STRA) : Free Stock Analysis Report
Bright Horizons Family Solutions Inc. (BFAM) : 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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Investors interested in stocks from the Schools sector have probably already heard of Strategic Education (STRA) and Bright Horizons Family Solutions (BFAM). The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
Investors interested in stocks from the Schools sector have probably already heard of Strategic Education (STRA) and Bright Horizons Family Solutions (BFAM). The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Click to get this free report Strategic Education Inc. (STRA) : Free Stock Analysis Report Bright Horizons Family Solutions Inc. (BFAM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in stocks from the Schools sector have probably already heard of Strategic Education (STRA) and Bright Horizons Family Solutions (BFAM). Based on these metrics and many more, STRA holds a Value grade of B, while BFAM has a Value grade of D. STRA sticks out from BFAM in both our Zacks Rank and Style Scores models, so value investors will likely feel that STRA is the better option right now. Click to get this free report Strategic Education Inc. (STRA) : Free Stock Analysis Report Bright Horizons Family Solutions Inc. (BFAM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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BFAM currently has a PEG ratio of 3.44. Based on these metrics and many more, STRA holds a Value grade of B, while BFAM has a Value grade of D. STRA sticks out from BFAM in both our Zacks Rank and Style Scores models, so value investors will likely feel that STRA is the better option right now. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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afcbb2a9-353f-44a3-976b-9b47eb4df24b
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711805.0
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2023-12-13 00:00:00 UTC
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Why Microsoft Could Continue to Surge in 2024 (and Beyond)
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DCOMP
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https://www.nasdaq.com/articles/why-microsoft-could-continue-to-surge-in-2024-and-beyond
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Recently, Microsoft (NASDAQ:MSFT) celebrated Copilot’s one-year milestone, showcasing AI’s increasing integration into daily life. With upcoming improvements, including OpenAI model integration and DALL-E 3 for image creation, Copilot becomes a more potent tool. Additionally, the financial strength of MSFT stock, evidenced by a 13% revenue increase to $56.5 billion, positions it as a stable AI investment. The company’s diverse revenue streams, notably from Intelligent Cloud growth, contribute to its promising outlook.
Microsoft emerges as an appealing option for long-term AI investors, offering a mix of technological innovation, financial robustness, and forward-thinking in the AI landscape.
AI Infrastructure in the U.K
MSFT stock invested $3.2 billion in expanding its AI data center infrastructure in the United Kingdom. The initiative, led by President Brad Smith, aims to enhance AI infrastructure with over 20,000 high-end GPUs by the end of 2026.
Microsoft utilized the sum to grow its infrastructure in London and Cardiff, extending to northern cities. The Accelerating Foundation Models Research program was expanded in the U.K. to drive scientific discovery in natural and life sciences, catering to the increasing demand for AI computing power.
XSmith outlined that substantial investments in AI talent and nationwide educational programs would bolster Microsoft’s initiatives. The company aimed to train one million U.K. residents in AI skills, enhancing the talent pool for developers and fostering ethical AI solutions. Participants in the training were required to complete Microsoft’s Responsible Generative AI courses, and the company initiated the search for non-profit partners to advance these objectives.
Microsoft reinforced its commitment to AI safety and security by doubling down on measures within its infrastructure and external applications. A parallel $3.2 billion investment in Australia aimed to enhance the local talent pool and AI infrastructure. Seen as an endeavor to explore new avenues for AI research, Microsoft’s recent investment spree was noted amidst challenging restrictions in the U.S.
Microsoft and OpenAI
The U.K.’s competition watchdog, the Competition and Markets Authority, examines Microsoft’s collaboration with OpenAI, assessing potential impacts on competition in the AI sector. This inquiry follows recent developments involving Microsoft’s hiring of OpenAI’s CEO and subsequent adjustments to their partnership structure. The CMA seeks input from Microsoft, OpenAI, and the public to evaluate the situation.
As OpenAI’s major investor, Microsoft’s substantial investment in the startup has prompted scrutiny from the CMA, highlighting the notable and intricate connection between the two companies. Of late, MSFT stock has remained relatively stable despite this news flow, suggesting the market is brushing off any concerns.
Buy MSFT Stock Now, Thank Me Later
Microsoft’s robust financial quarter boasts $56.5 billion in revenue, a remarkable 13% year-over-year increase, propelled by the exceptional performance of Microsoft Cloud, particularly the Intelligent Cloud segment, with a 19% revenue surge.
The company’s proficiency in voice recognition technology positions it as a key player in this field, meeting the rising demand with integrated, user-friendly tools. These and other things make MSFT stock an excellent option for long-term investors.
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 Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Why Microsoft Could Continue to Surge in 2024 (and Beyond) 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 Accelerating Foundation Models Research program was expanded in the U.K. to drive scientific discovery in natural and life sciences, catering to the increasing demand for AI computing power. Participants in the training were required to complete Microsoft’s Responsible Generative AI courses, and the company initiated the search for non-profit partners to advance these objectives. The company’s proficiency in voice recognition technology positions it as a key player in this field, meeting the rising demand with integrated, user-friendly tools.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Recently, Microsoft (NASDAQ:MSFT) celebrated Copilot’s one-year milestone, showcasing AI’s increasing integration into daily life. Additionally, the financial strength of MSFT stock, evidenced by a 13% revenue increase to $56.5 billion, positions it as a stable AI investment. AI Infrastructure in the U.K MSFT stock invested $3.2 billion in expanding its AI data center infrastructure in the United Kingdom.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Recently, Microsoft (NASDAQ:MSFT) celebrated Copilot’s one-year milestone, showcasing AI’s increasing integration into daily life. AI Infrastructure in the U.K MSFT stock invested $3.2 billion in expanding its AI data center infrastructure in the United Kingdom. Seen as an endeavor to explore new avenues for AI research, Microsoft’s recent investment spree was noted amidst challenging restrictions in the U.S. Microsoft and OpenAI The U.K.’s competition watchdog, the Competition and Markets Authority, examines Microsoft’s collaboration with OpenAI, assessing potential impacts on competition in the AI sector.
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Additionally, the financial strength of MSFT stock, evidenced by a 13% revenue increase to $56.5 billion, positions it as a stable AI investment. A parallel $3.2 billion investment in Australia aimed to enhance the local talent pool and AI infrastructure. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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759c2b37-36ad-4124-b054-fc4158d77d9e
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711806.0
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2023-12-13 00:00:00 UTC
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XBI, IMGN, MRTX, APLS: Large Outflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/xbi-imgn-mrtx-apls%3A-large-outflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Biotech ETF (Symbol: XBI) where we have detected an approximate $230.6 million dollar outflow -- that's a 3.5% decrease week over week (from 81,780,000 to 78,900,000). Among the largest underlying components of XBI, in trading today ImmunoGen, Inc. (Symbol: IMGN) is up about 0.2%, Mirati Therapeutics Inc (Symbol: MRTX) is down about 0.2%, and Apellis Pharmaceuticals Inc (Symbol: APLS) is up by about 0.6%. For a complete list of holdings, visit the XBI Holdings page » The chart below shows the one year price performance of XBI, versus its 200 day moving average:
Looking at the chart above, XBI's low point in its 52 week range is $63.80 per share, with $92.60 as the 52 week high point — that compares with a last trade of $80.85. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Business Development Company List
CBAK Videos
BPSG Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Business Development Company List CBAK Videos BPSG Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XBI, in trading today ImmunoGen, Inc. (Symbol: IMGN) is up about 0.2%, Mirati Therapeutics Inc (Symbol: MRTX) is down about 0.2%, and Apellis Pharmaceuticals Inc (Symbol: APLS) is up by about 0.6%. For a complete list of holdings, visit the XBI Holdings page » The chart below shows the one year price performance of XBI, versus its 200 day moving average: Looking at the chart above, XBI's low point in its 52 week range is $63.80 per share, with $92.60 as the 52 week high point — that compares with a last trade of $80.85. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Biotech ETF (Symbol: XBI) where we have detected an approximate $230.6 million dollar outflow -- that's a 3.5% decrease week over week (from 81,780,000 to 78,900,000). For a complete list of holdings, visit the XBI Holdings page » The chart below shows the one year price performance of XBI, versus its 200 day moving average: Looking at the chart above, XBI's low point in its 52 week range is $63.80 per share, with $92.60 as the 52 week high point — that compares with a last trade of $80.85. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Biotech ETF (Symbol: XBI) where we have detected an approximate $230.6 million dollar outflow -- that's a 3.5% decrease week over week (from 81,780,000 to 78,900,000). For a complete list of holdings, visit the XBI Holdings page » The chart below shows the one year price performance of XBI, versus its 200 day moving average: Looking at the chart above, XBI's low point in its 52 week range is $63.80 per share, with $92.60 as the 52 week high point — that compares with a last trade of $80.85. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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0b2cab7b-ec7c-4a24-81ac-fd67e4bf7d32
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711807.0
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2023-12-13 00:00:00 UTC
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Retailer Tendam picks banks BNP Paribas, Citi, JPMorgan for Madrid IPO -sources
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DCOMP
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https://www.nasdaq.com/articles/retailer-tendam-picks-banks-bnp-paribas-citi-jpmorgan-for-madrid-ipo-sources
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nan
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nan
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By Pablo Mayo Cerqueiro and Andres Gonzalez
LONDON, Dec 13 (Reuters) - Tendam, one of Spain's largest fashion retailers, with brands like Cortefiel, Women'secret and Springfield, has selected BNP Paribas BNPP.PA, Citigroup C.N and JPMorgan JPM.N to manage an IPO in Madrid, three sources told Reuters.
Rothschild & Co is acting as financial adviser to Tendam and its owners, two of the people, who are familiar with the matter said. The company, majority-backed by buyout groups CVC and PAI Partners, could fetch a valuation in the region of 1.5 billion euros ($1.62 billion) in a listing as early as next year, one of the people said
Deliberations are still preliminary, and plans may yet be altered or dropped, the people cautioned, requesting anonymity because discussions are private.
BNP Paribas, Rothschild, Citigroup, CVC, JPMorgan, PAI Partners and Tendam declined to comment.
An initial public offering for Tendam would breathe new life into the Spanish stock market, which has seen few new listings in the last two years.
However, sources said that market conditions remain tough, which may affect the timeframe of a deal.
Spanish cosmetics group Puig and "bed bank" Hotelbeds have also been preparing for a potential listing in Madrid.
Tendam CEO and Chairman Jaume Miquel said in October the company and its shareholders were evaluating strategic options to drive a new phase of growth, including an IPO.
Madrid-based Tendam, formerly known as Grupo Cortefiel, is present in 80 countries and almost 60% of group sales came from Spain in 2022.
The group posted recurring earnings before interest, tax, depreciation and amortisation of 151 million euros for the first half of 2023, an 8.2% jump from a year earlier.
PAI Partners and CVC first invested in Cortefiel in 2005.
($1 = 0.9275 euros)
(Reporting by Pablo Mayo Cerqueiro and Andres Gonzalez in London; additional reporting by Corina Pons in Madrid, editing by Anousha Sakoui and Sharon Singleton)
((Pablo.MayoCerqueiro@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 company, majority-backed by buyout groups CVC and PAI Partners, could fetch a valuation in the region of 1.5 billion euros ($1.62 billion) in a listing as early as next year, one of the people said Deliberations are still preliminary, and plans may yet be altered or dropped, the people cautioned, requesting anonymity because discussions are private. Tendam CEO and Chairman Jaume Miquel said in October the company and its shareholders were evaluating strategic options to drive a new phase of growth, including an IPO. The group posted recurring earnings before interest, tax, depreciation and amortisation of 151 million euros for the first half of 2023, an 8.2% jump from a year earlier.
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By Pablo Mayo Cerqueiro and Andres Gonzalez LONDON, Dec 13 (Reuters) - Tendam, one of Spain's largest fashion retailers, with brands like Cortefiel, Women'secret and Springfield, has selected BNP Paribas BNPP.PA, Citigroup C.N and JPMorgan JPM.N to manage an IPO in Madrid, three sources told Reuters. BNP Paribas, Rothschild, Citigroup, CVC, JPMorgan, PAI Partners and Tendam declined to comment. ($1 = 0.9275 euros) (Reporting by Pablo Mayo Cerqueiro and Andres Gonzalez in London; additional reporting by Corina Pons in Madrid, editing by Anousha Sakoui and Sharon Singleton) ((Pablo.MayoCerqueiro@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 Pablo Mayo Cerqueiro and Andres Gonzalez LONDON, Dec 13 (Reuters) - Tendam, one of Spain's largest fashion retailers, with brands like Cortefiel, Women'secret and Springfield, has selected BNP Paribas BNPP.PA, Citigroup C.N and JPMorgan JPM.N to manage an IPO in Madrid, three sources told Reuters. The company, majority-backed by buyout groups CVC and PAI Partners, could fetch a valuation in the region of 1.5 billion euros ($1.62 billion) in a listing as early as next year, one of the people said Deliberations are still preliminary, and plans may yet be altered or dropped, the people cautioned, requesting anonymity because discussions are private. ($1 = 0.9275 euros) (Reporting by Pablo Mayo Cerqueiro and Andres Gonzalez in London; additional reporting by Corina Pons in Madrid, editing by Anousha Sakoui and Sharon Singleton) ((Pablo.MayoCerqueiro@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 Pablo Mayo Cerqueiro and Andres Gonzalez LONDON, Dec 13 (Reuters) - Tendam, one of Spain's largest fashion retailers, with brands like Cortefiel, Women'secret and Springfield, has selected BNP Paribas BNPP.PA, Citigroup C.N and JPMorgan JPM.N to manage an IPO in Madrid, three sources told Reuters. BNP Paribas, Rothschild, Citigroup, CVC, JPMorgan, PAI Partners and Tendam declined to comment. PAI Partners and CVC first invested in Cortefiel in 2005.
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6f87cd9f-e4af-41a4-bcc1-41a48aa5c1e9
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711808.0
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2023-12-13 00:00:00 UTC
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VBK, AXON, VRT, ENTG: Large Inflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/vbk-axon-vrt-entg%3A-large-inflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Small-Cap Growth ETF (Symbol: VBK) where we have detected an approximate $184.7 million dollar inflow -- that's a 1.3% increase week over week in outstanding units (from 62,520,620 to 63,334,102). Among the largest underlying components of VBK, in trading today Axon Enterprise Inc (Symbol: AXON) is down about 0.3%, Vertiv Holdings Co (Symbol: VRT) is down about 1.4%, and Entegris Inc (Symbol: ENTG) is up by about 0.4%. For a complete list of holdings, visit the VBK Holdings page » The chart below shows the one year price performance of VBK, versus its 200 day moving average:
Looking at the chart above, VBK's low point in its 52 week range is $195.0401 per share, with $240.76 as the 52 week high point — that compares with a last trade of $226.93. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Defense Dividend Stocks
LPTV Stock Predictions
NTRI shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Defense Dividend Stocks LPTV Stock Predictions NTRI shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of VBK, in trading today Axon Enterprise Inc (Symbol: AXON) is down about 0.3%, Vertiv Holdings Co (Symbol: VRT) is down about 1.4%, and Entegris Inc (Symbol: ENTG) is up by about 0.4%. For a complete list of holdings, visit the VBK Holdings page » The chart below shows the one year price performance of VBK, versus its 200 day moving average: Looking at the chart above, VBK's low point in its 52 week range is $195.0401 per share, with $240.76 as the 52 week high point — that compares with a last trade of $226.93. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Small-Cap Growth ETF (Symbol: VBK) where we have detected an approximate $184.7 million dollar inflow -- that's a 1.3% increase week over week in outstanding units (from 62,520,620 to 63,334,102). For a complete list of holdings, visit the VBK Holdings page » The chart below shows the one year price performance of VBK, versus its 200 day moving average: Looking at the chart above, VBK's low point in its 52 week range is $195.0401 per share, with $240.76 as the 52 week high point — that compares with a last trade of $226.93. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Small-Cap Growth ETF (Symbol: VBK) where we have detected an approximate $184.7 million dollar inflow -- that's a 1.3% increase week over week in outstanding units (from 62,520,620 to 63,334,102). Among the largest underlying components of VBK, in trading today Axon Enterprise Inc (Symbol: AXON) is down about 0.3%, Vertiv Holdings Co (Symbol: VRT) is down about 1.4%, and Entegris Inc (Symbol: ENTG) is up by about 0.4%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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0d83552f-cecd-40fa-b8e2-c6e58ab98b1d
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711809.0
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2023-12-13 00:00:00 UTC
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XLV, TMO, PFE, DHR: Large Outflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/xlv-tmo-pfe-dhr%3A-large-outflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Health Care Select Sector SPDR Fund (Symbol: XLV) where we have detected an approximate $580.8 million dollar outflow -- that's a 1.5% decrease week over week (from 287,120,000 to 282,770,000). Among the largest underlying components of XLV, in trading today Thermo Fisher Scientific Inc (Symbol: TMO) is up about 0.8%, Pfizer Inc (Symbol: PFE) is down about 8%, and Danaher Corp (Symbol: DHR) is higher by about 0.3%. For a complete list of holdings, visit the XLV Holdings page » The chart below shows the one year price performance of XLV, versus its 200 day moving average:
Looking at the chart above, XLV's low point in its 52 week range is $122.59 per share, with $141.28 as the 52 week high point — that compares with a last trade of $133.54. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Dow Components Hedge Funds Are Buying
Funds Holding HTA
CIGI market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Health Care Select Sector SPDR Fund (Symbol: XLV) where we have detected an approximate $580.8 million dollar outflow -- that's a 1.5% decrease week over week (from 287,120,000 to 282,770,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Dow Components Hedge Funds Are Buying Funds Holding HTA CIGI market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the XLV Holdings page » The chart below shows the one year price performance of XLV, versus its 200 day moving average: Looking at the chart above, XLV's low point in its 52 week range is $122.59 per share, with $141.28 as the 52 week high point — that compares with a last trade of $133.54. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Dow Components Hedge Funds Are Buying Funds Holding HTA CIGI market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Health Care Select Sector SPDR Fund (Symbol: XLV) where we have detected an approximate $580.8 million dollar outflow -- that's a 1.5% decrease week over week (from 287,120,000 to 282,770,000). For a complete list of holdings, visit the XLV Holdings page » The chart below shows the one year price performance of XLV, versus its 200 day moving average: Looking at the chart above, XLV's low point in its 52 week range is $122.59 per share, with $141.28 as the 52 week high point — that compares with a last trade of $133.54. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Health Care Select Sector SPDR Fund (Symbol: XLV) where we have detected an approximate $580.8 million dollar outflow -- that's a 1.5% decrease week over week (from 287,120,000 to 282,770,000). For a complete list of holdings, visit the XLV Holdings page » The chart below shows the one year price performance of XLV, versus its 200 day moving average: Looking at the chart above, XLV's low point in its 52 week range is $122.59 per share, with $141.28 as the 52 week high point — that compares with a last trade of $133.54. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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1a929433-c87d-4e4b-9e9e-dbe82e79df8d
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711810.0
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2023-12-13 00:00:00 UTC
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ACWV, WM, MCK, VRTX: ETF Outflow Alert
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DCOMP
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https://www.nasdaq.com/articles/acwv-wm-mck-vrtx%3A-etf-outflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Global Min Vol Factor ETF (Symbol: ACWV) where we have detected an approximate $100.0 million dollar outflow -- that's a 2.3% decrease week over week (from 42,700,000 to 41,700,000). Among the largest underlying components of ACWV, in trading today Waste Management, Inc. (Symbol: WM) is up about 0.7%, McKesson Corp (Symbol: MCK) is up about 0.8%, and Vertex Pharmaceuticals, Inc. (Symbol: VRTX) is up by about 8.4%. For a complete list of holdings, visit the ACWV Holdings page » The chart below shows the one year price performance of ACWV, versus its 200 day moving average:
Looking at the chart above, ACWV's low point in its 52 week range is $92.11 per share, with $100.69 as the 52 week high point — that compares with a last trade of $100.02. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
OCGN market cap history
Institutional Holders of SIDU
Top Ten Hedge Funds Holding HUNT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: OCGN market cap history Institutional Holders of SIDU Top Ten Hedge Funds Holding HUNT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the ACWV Holdings page » The chart below shows the one year price performance of ACWV, versus its 200 day moving average: Looking at the chart above, ACWV's low point in its 52 week range is $92.11 per share, with $100.69 as the 52 week high point — that compares with a last trade of $100.02. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Global Min Vol Factor ETF (Symbol: ACWV) where we have detected an approximate $100.0 million dollar outflow -- that's a 2.3% decrease week over week (from 42,700,000 to 41,700,000). For a complete list of holdings, visit the ACWV Holdings page » The chart below shows the one year price performance of ACWV, versus its 200 day moving average: Looking at the chart above, ACWV's low point in its 52 week range is $92.11 per share, with $100.69 as the 52 week high point — that compares with a last trade of $100.02. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Global Min Vol Factor ETF (Symbol: ACWV) where we have detected an approximate $100.0 million dollar outflow -- that's a 2.3% decrease week over week (from 42,700,000 to 41,700,000). Among the largest underlying components of ACWV, in trading today Waste Management, Inc. (Symbol: WM) is up about 0.7%, McKesson Corp (Symbol: MCK) is up about 0.8%, and Vertex Pharmaceuticals, Inc. (Symbol: VRTX) is up by about 8.4%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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cf072688-2e12-4e00-bdae-0ce4abcd447d
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711811.0
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2023-12-13 00:00:00 UTC
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Notable ETF Inflow Detected - VXF, MRVL, LNG, CRWD
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DCOMP
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-vxf-mrvl-lng-crwd
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Extended Market ETF (Symbol: VXF) where we have detected an approximate $165.0 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 105,293,311 to 106,358,286). Among the largest underlying components of VXF, in trading today Marvell Technology Inc (Symbol: MRVL) is up about 2%, Cheniere Energy Inc. (Symbol: LNG) is trading flat, and CrowdStrike Holdings Inc (Symbol: CRWD) is relatively unchanged. For a complete list of holdings, visit the VXF Holdings page » The chart below shows the one year price performance of VXF, versus its 200 day moving average:
Looking at the chart above, VXF's low point in its 52 week range is $129.76 per share, with $157.67 as the 52 week high point — that compares with a last trade of $154.93. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
AMCF Insider Buying
EVEX Options Chain
BBW Past Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: AMCF Insider Buying EVEX Options Chain BBW Past Earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of VXF, in trading today Marvell Technology Inc (Symbol: MRVL) is up about 2%, Cheniere Energy Inc. (Symbol: LNG) is trading flat, and CrowdStrike Holdings Inc (Symbol: CRWD) is relatively unchanged. For a complete list of holdings, visit the VXF Holdings page » The chart below shows the one year price performance of VXF, versus its 200 day moving average: Looking at the chart above, VXF's low point in its 52 week range is $129.76 per share, with $157.67 as the 52 week high point — that compares with a last trade of $154.93. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Extended Market ETF (Symbol: VXF) where we have detected an approximate $165.0 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 105,293,311 to 106,358,286). For a complete list of holdings, visit the VXF Holdings page » The chart below shows the one year price performance of VXF, versus its 200 day moving average: Looking at the chart above, VXF's low point in its 52 week range is $129.76 per share, with $157.67 as the 52 week high point — that compares with a last trade of $154.93. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Extended Market ETF (Symbol: VXF) where we have detected an approximate $165.0 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 105,293,311 to 106,358,286). Among the largest underlying components of VXF, in trading today Marvell Technology Inc (Symbol: MRVL) is up about 2%, Cheniere Energy Inc. (Symbol: LNG) is trading flat, and CrowdStrike Holdings Inc (Symbol: CRWD) is relatively unchanged. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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f59d0b9c-1952-4e1f-8b9d-dd777a5bec6d
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711812.0
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2023-12-13 00:00:00 UTC
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TQQQ, CMCSA, INTU, QCOM: Large Outflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/tqqq-cmcsa-intu-qcom%3A-large-outflows-detected-at-etf
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $369.6 million dollar outflow -- that's a 1.8% decrease week over week (from 424,550,000 to 416,700,000). Among the largest underlying components of TQQQ, in trading today Comcast Corp (Symbol: CMCSA) is up about 0.2%, Intuit Inc (Symbol: INTU) is up about 0.2%, and Qualcomm Inc (Symbol: QCOM) is lower by about 0.2%. For a complete list of holdings, visit the TQQQ Holdings page » The chart below shows the one year price performance of TQQQ, versus its 200 day moving average:
Looking at the chart above, TQQQ's low point in its 52 week range is $16.10 per share, with $47.80 as the 52 week high point — that compares with a last trade of $47.56. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Waters 13F Filers
TPBA shares outstanding history
HEFA Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $369.6 million dollar outflow -- that's a 1.8% decrease week over week (from 424,550,000 to 416,700,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Waters 13F Filers TPBA shares outstanding history HEFA Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the TQQQ Holdings page » The chart below shows the one year price performance of TQQQ, versus its 200 day moving average: Looking at the chart above, TQQQ's low point in its 52 week range is $16.10 per share, with $47.80 as the 52 week high point — that compares with a last trade of $47.56. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: Waters 13F Filers TPBA shares outstanding history HEFA Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $369.6 million dollar outflow -- that's a 1.8% decrease week over week (from 424,550,000 to 416,700,000). For a complete list of holdings, visit the TQQQ Holdings page » The chart below shows the one year price performance of TQQQ, versus its 200 day moving average: Looking at the chart above, TQQQ's low point in its 52 week range is $16.10 per share, with $47.80 as the 52 week high point — that compares with a last trade of $47.56. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the TQQQ Holdings page » The chart below shows the one year price performance of TQQQ, versus its 200 day moving average: Looking at the chart above, TQQQ's low point in its 52 week range is $16.10 per share, with $47.80 as the 52 week high point — that compares with a last trade of $47.56. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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99b9e258-bae5-4ea1-8342-ebc9f316fe43
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711813.0
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2023-12-13 00:00:00 UTC
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T. Rowe Price's (TROW) November AUM Increases 6.3% to $1.39T
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DCOMP
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https://www.nasdaq.com/articles/t.-rowe-prices-trow-november-aum-increases-6.3-to-%241.39t
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nan
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nan
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T. Rowe Price Group, Inc. TROW announced its preliminary assets under management (AUM) of $1.39 trillion for November 2023. The figure reflected a 6.3% rise from the last month.
TROW experienced net outflows of $12.6 billion in November 2023.
At the end of the reported month, equity products and multi-asset products aggregated $717 billion and $462 billion, up 7.3% and 7.7%, respectively, on a sequential basis. T. Rowe Price registered $391 billion in target date retirement portfolios in November, which grew 7.4% from the prior month.
Fixed-income products, including the money market, constituted $168 billion, flat sequentially. Also, alternative products of $47 billion were flat on a sequential basis.
A diversified business model, focus on enhancing investment capabilities, broadening distribution reach and improving client experiences are expected to aid TROW’s long-term growth.
However, increased dependence on investment advisory fees is concerning, as market fluctuations and a sudden slowdown in overall business activities are likely to hurt its revenues. Additionally, rising expenses could impede bottom-line expansion.
Over the past six months, shares of T. Rowe Price have declined 11.2% against the industry’s 10.6% growth.
Image Source: Zacks Investment Research
T. Rowe Price currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. This reflected a 6% increase from $1.33 trillion as of Oct 31. The rise in AUM balance was primarily due to the impacts of positive markets and flat long-term net outflows.
Total month-end fixed-income assets were $494.9 billion, up 5.5% from the last month’s level. Equity assets of $447.9 billion increased 9% from October 2023. BEN recorded $148.9 billion in multi-asset class, up 5.8% sequentially. Alternative assets aggregated $257.5 billion, up 1.5% from the last month.
Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023, on the back of favorable market returns. The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023 level of $155.8 million.
VRTS offered services to $2.6 billion of other fee-earning assets. This was excluded from the above-mentioned AUM balance.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report
Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A diversified business model, focus on enhancing investment capabilities, broadening distribution reach and improving client experiences are expected to aid TROW’s long-term growth. Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023, on the back of favorable market returns. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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At the end of the reported month, equity products and multi-asset products aggregated $717 billion and $462 billion, up 7.3% and 7.7%, respectively, on a sequential basis. Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023, on the back of favorable market returns. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At the end of the reported month, equity products and multi-asset products aggregated $717 billion and $462 billion, up 7.3% and 7.7%, respectively, on a sequential basis. Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023, on the back of favorable market returns. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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T. Rowe Price Group, Inc. TROW announced its preliminary assets under management (AUM) of $1.39 trillion for November 2023. Competitive Landscape Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b2ff622f-418d-41a9-88c6-ff51eba027ef
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711814.0
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2023-12-13 00:00:00 UTC
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Marsh & McLennan (MMC) Unit Boosts Aviation Business With SeaTec
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DCOMP
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https://www.nasdaq.com/articles/marsh-mclennan-mmc-unit-boosts-aviation-business-with-seatec
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nan
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nan
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Marsh & McLennan Companies, Inc.’s MMC business, Oliver Wyman, recently agreed to buy SeaTec Consulting Inc., which caters to aerospace, defense, aviation and transportation industries. SeaTec’s business ranges from aerospace and digital expertise to consulting in these industries. The move is expected to boost Oliver Wyman’s position in the aviation space. The buyout is expected to close by the first quarter of 2024.
This move bodes well for Oliver Wyman’s COVAK division, which is focused on aviation. With the help of SeaTec’s industry experience and knowledge, MMC can enhance its offerings to clients by delivering unmatched solutions. SeaTec provides consulting services on maintenance records, aircraft acquisitions, and replacement of MRO IT systems, among others. Oliver Wyman will be able to make a favorable impact on cost, operations, safety and reliability for defense, transportation, and aviation industries.
Per Oliver Wyman’s Global Fleet and MRO Market Forecast 2023-2033 report, the aviation market is expected to grow 33% to 36,000 aircraft by 2033. However, supply-chain constraints, shortage of labor and new environmental rules are expected to drive the industry to pursue innovative solutions to combat these issues. Oliver Wyman’s COVAK business is expected to benefit from this trend. This is an opportune time to enhance its capabilities organically and through acquisitions. MMC also acquired Avascent in November 2022 to boost its presence in aviation consulting.
Oliver Wyman is a faster-growing business for MMC. It expects this business to register growth in mid-to-high-single digits over the long term. We expect Oliver Wyman’s revenues to grow at a three-year CAGR of 7.9% by 2025.
Price Performance
Shares of Marsh & McLennan have soared 16.7% in the past year compared with the industry’s 13.8% rise.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Marsh & McLennan currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Finance space are Assurant, Inc. AIZ, Brown & Brown, Inc. BRO and Arthur J. Gallagher & Co. AJG. While Assurant currently sports a Zacks Rank #1 (Strong Buy), Brown & Brown and Arthur J. Gallagher carry a Zacks Rank #2 each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Assurant’s current-year earnings indicates a 30.8% year-over-year increase. It beat earnings estimates in all the past four quarters, with an average surprise of 42.4%. Also, the consensus mark for AIZ’s 2023 revenues suggests 5.4% year-over-year growth.
The Zacks Consensus Estimate for Brown & Brown’s current-year earnings is pegged at $2.76 per share, which indicates 21.1% year-over-year growth. BRO beat earnings estimates in each of the past four quarters, with an average surprise of 12.3%. Also, the consensus mark for BRO’s 2023 revenues suggests 17.9% year-over-year growth.
The consensus mark for Arthur J. Gallagher’s current-year earnings indicates a 13.6% year-over-year increase. It beat earnings estimates in all the past four quarters, with an average surprise of 2.2%. Furthermore, the consensus estimate for AJG’s 2023 revenues suggests 18.3% year-over-year growth.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Assurant, Inc. (AIZ) : Free Stock Analysis Report
Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report
Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report
Brown & Brown, Inc. (BRO) : 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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Marsh & McLennan Companies, Inc.’s MMC business, Oliver Wyman, recently agreed to buy SeaTec Consulting Inc., which caters to aerospace, defense, aviation and transportation industries. However, supply-chain constraints, shortage of labor and new environmental rules are expected to drive the industry to pursue innovative solutions to combat these issues. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Marsh & McLennan Companies, Inc.’s MMC business, Oliver Wyman, recently agreed to buy SeaTec Consulting Inc., which caters to aerospace, defense, aviation and transportation industries. Some other top-ranked stocks in the broader Finance space are Assurant, Inc. AIZ, Brown & Brown, Inc. BRO and Arthur J. Gallagher & Co. AJG. Click to get this free report Assurant, Inc. (AIZ) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Marsh & McLennan Companies, Inc.’s MMC business, Oliver Wyman, recently agreed to buy SeaTec Consulting Inc., which caters to aerospace, defense, aviation and transportation industries. The Zacks Consensus Estimate for Brown & Brown’s current-year earnings is pegged at $2.76 per share, which indicates 21.1% year-over-year growth. Click to get this free report Assurant, Inc. (AIZ) : Free Stock Analysis Report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Marsh & McLennan Companies, Inc.’s MMC business, Oliver Wyman, recently agreed to buy SeaTec Consulting Inc., which caters to aerospace, defense, aviation and transportation industries. The Zacks Consensus Estimate for Brown & Brown’s current-year earnings is pegged at $2.76 per share, which indicates 21.1% year-over-year growth. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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d21cd140-b861-4226-8959-2c0216bd3397
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711815.0
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2023-12-13 00:00:00 UTC
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UnitedHealth Group's (UNH) Arm Launches OptumRx Weight Engage
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DCOMP
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https://www.nasdaq.com/articles/unitedhealth-groups-unh-arm-launches-optumrx-weight-engage
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nan
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UnitedHealth Group Incorporated’s UNH pharmacy care arm, OptumRx, recently announced the launch of Optum Rx Weight Engage for consumers of employers and plan sponsors. Weight Engage will be available from Jan 1, 2024, and is expected to provide wellness support and help with managing weight.
This move bodes well for UNH, as continued innovation in its pharmacy services enhances its offerings to clients, leading to better retention and improved customer win numbers. UNH aims to deliver retention rates in the high 90s for this selling season. UNH’s pharmacy service offerings accounted for half of Optum Rx’s revenues in the third quarter. As Optum Rx is increasing its focus on enhancing offerings and delivering medication at the lowest cost possible, it is solidifying its position in this market. Moreover, a thriving Optum business will translate to lower medical costs for UNH, benefiting its results.
Weight Engage aims to improve the affordability of medications, manage coverages and bring about positive health outcomes. The new program will also assist clients with cardiometabolic solutions, leading to lower costs and improved health outcomes. This new program will provide solutions that help with monitoring patients, support tools, and connecting them to an obesity management specialist, under a provider-guided program. A patient would be enrolled in a live program with a health coach, assisting them with weight loss in a consumer-driven program.
Flexibility for clients as well as consumers is a major positive of this program. Help in navigation through benefit coverage, provider network to assist with clinical needs and questions, and coaching for better health, should attract customers to this new program. New customer wins should fuel growth of Optum in the future.
UNH’s Optum Rx undertakes several initiatives to provide comprehensive solutions to clients. In November 2023, it transferred eight products to tier 1 on its standard formulary. This will make insulin available for $35 or less per month starting Jan 1, 2024. Moves like this should help Optum Rx achieve its target of 1.5 billion scripts by this year-end.
Shares of UnitedHealth Group have gained 2.9% in the year-to-date period compared with the industry’s 0.4% growth. UNH currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader Medical space are Centene Corporation CNC, Bausch Health Companies Inc. BHC and Atai Life Sciences N.V. ATAI. Each of these companies presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Centene Corporation’s 2023 earnings indicates a 15.2% year-over-year increase to $6.66 per share. It has witnessed one upward estimate revision over the past 60 days against no movement in the opposite direction. The consensus mark for CNC’s 2023 revenues indicates 4.4% growth from a year ago. CNC beat earnings estimates in two of the last four quarters and missed twice, the average surprise being 5.6%.
Bausch Health’s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed the mark once, the average surprise being 0.04%. The consensus estimate for BHC’s 2023 earnings indicates a rise of 11.1% from the prior-year reported figure. The consensus mark for revenues suggests an improvement of 5.9% from the prior-year figure.
The Zacks Consensus Estimate for Atai Life Sciences’ current-year earnings implies a 68.4% improvement from the year-ago reported figure. It has witnessed four upward estimate revisions over the past 60 days against no movement in the opposite direction. ATAI beat earnings estimates in two of the last four quarters, met once and missed on one occasion, the average surprise being 3.2%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
Centene Corporation (CNC) : Free Stock Analysis Report
atai Life Sciences N.V. (ATAI) : Free Stock Analysis Report
Bausch Health Cos Inc. (BHC) : 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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UnitedHealth Group Incorporated’s UNH pharmacy care arm, OptumRx, recently announced the launch of Optum Rx Weight Engage for consumers of employers and plan sponsors. This move bodes well for UNH, as continued innovation in its pharmacy services enhances its offerings to clients, leading to better retention and improved customer win numbers. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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This move bodes well for UNH, as continued innovation in its pharmacy services enhances its offerings to clients, leading to better retention and improved customer win numbers. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the broader Medical space are Centene Corporation CNC, Bausch Health Companies Inc. BHC and Atai Life Sciences N.V. ATAI. Click to get this free report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report atai Life Sciences N.V. (ATAI) : Free Stock Analysis Report Bausch Health Cos Inc. (BHC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the broader Medical space are Centene Corporation CNC, Bausch Health Companies Inc. BHC and Atai Life Sciences N.V. ATAI. Bausch Health’s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed the mark once, the average surprise being 0.04%. Click to get this free report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report atai Life Sciences N.V. (ATAI) : Free Stock Analysis Report Bausch Health Cos Inc. (BHC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The new program will also assist clients with cardiometabolic solutions, leading to lower costs and improved health outcomes. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
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221e3762-d1f4-44b5-862f-47d663bd682c
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711816.0
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2023-12-13 00:00:00 UTC
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Installed Building (IBP) Looks Promising: Invest in the Stock
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https://www.nasdaq.com/articles/installed-building-ibp-looks-promising%3A-invest-in-the-stock-1
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nan
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Installed Building Products, Inc. IBP is poised to gain from the strong end-market demand and proficient acquisition strategies. Also, its national scale and diverse product categories and end markets are added to the positives.
Shares of this residential insulation installer have gained 78.9% over the past year compared with the Zacks Building Products - Miscellaneous industry’s 39.9% rise. Also, the 2024 earnings per share estimates for this Zacks Rank #2 (Buy) company have moved 2% upward over the past 30 days. This positive trend signifies bullish analysts’ sentiments, indicating robust fundamentals and the expectation of outperformance in the near term. The estimated figure indicates 6% year-over-year growth for 2024.
We believe that IBP offers a sound investment opportunity, as evidenced by its VGM Score of A. Our research shows that stocks with a VGM Score of A or B, along with Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities to investors.
Image Source: Zacks Investment Research
Let us delve deeper into other factors that make this stock a profitable pick.
What Makes the Stock an Attractive Pick?
Inorganic Moves: Acquisitions are an important part of Installed Building Products’ growth strategy. This led to the diversification of its geographies, end markets and products. The company maintains a robust pipeline of acquisition candidates that considers the geographic expansion in the core residential insulation end market and acquisition opportunities that continue end-market and end-product diversification strategies.
Recently, IBP strengthened its market presence with the acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc., and Air Tight Diagnostics, LLC. This move, in line with IBP's growth strategy, significantly expands its footprint in Central Florida, catering to single-family, multifamily, and commercial customers. IBP's 2023 acquisition spree, totaling around $75 million in annual revenues, showcases its commitment to sustained growth.
Higher Return on Equity (ROE): Installed Building Products’ trailing 12-month ROE is indicative of its growth potential. ROE for the trailing 12 months is 49.8%, much higher than the industry’s 11.2%, reflecting the company’s efficient usage of shareholders’ funds.
Higher Market Demand: The company has been capitalizing on the strong end-market demand and the continued success of local branches, which prudently align selling prices with the value IBP offers its customers. Although interest rates continue to increase from historically low levels, the company remains optimistic, given the strong demand for installation services. IBP has been gaining from the continued benefits of its product, end-market and geographic diversification strategies, as softer single-family sales were partially offset by the continuation of robust sales growth in its multi-family end market.
Other Top-Ranked Construction Stocks Hogging in the Limelight
EMCOR Group, Inc. EME currently sports a Zacks Rank of 1. Shares of the company have risen 23.3% in the past six months. You can see the complete list of today’s Zacks #1 Rank stocks here.
EME delivered a trailing four-quarter earnings surprise of 25%, on average. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates growth of 12% and 52.8%, respectively, from the previous year’s reported levels.
Acuity Brands, Inc. AYI currently carries a Zacks Rank of 2. AYI delivered a trailing four-quarter earnings surprise of 12%, on average.
The stock has gained 13.6% in the past six months. The Zacks Consensus Estimate for AYI’s fiscal 2024 sales and EPS indicates a decline of 3% and 4.7%, respectively, from a year ago.
Armstrong World Industries AWI currently carries a Zacks Rank #2. AWI delivered a trailing four-quarter earnings surprise of 7.9%, on average.
Shares of the company have gained 36.1% in the past six months. The Zacks Consensus Estimate for AWI’s 2023 sales and EPS indicates growth of 4.7% and 8.2%, respectively, from the previous year’s reported levels.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report
Acuity Brands Inc (AYI) : Free Stock Analysis Report
Installed Building Products, Inc. (IBP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This move, in line with IBP's growth strategy, significantly expands its footprint in Central Florida, catering to single-family, multifamily, and commercial customers. Although interest rates continue to increase from historically low levels, the company remains optimistic, given the strong demand for installation services. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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The company maintains a robust pipeline of acquisition candidates that considers the geographic expansion in the core residential insulation end market and acquisition opportunities that continue end-market and end-product diversification strategies. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates growth of 12% and 52.8%, respectively, from the previous year’s reported levels. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report Acuity Brands Inc (AYI) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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IBP has been gaining from the continued benefits of its product, end-market and geographic diversification strategies, as softer single-family sales were partially offset by the continuation of robust sales growth in its multi-family end market. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates growth of 12% and 52.8%, respectively, from the previous year’s reported levels. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report Acuity Brands Inc (AYI) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Our research shows that stocks with a VGM Score of A or B, along with Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities to investors. IBP has been gaining from the continued benefits of its product, end-market and geographic diversification strategies, as softer single-family sales were partially offset by the continuation of robust sales growth in its multi-family end market. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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281dea0e-5c2b-417a-8683-833a760e0ee4
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711817.0
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2023-12-13 00:00:00 UTC
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NRDBY or TD: Which Is the Better Value Stock Right Now?
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https://www.nasdaq.com/articles/nrdby-or-td%3A-which-is-the-better-value-stock-right-now-0
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Investors interested in Banks - Foreign stocks are likely familiar with Nordea Bank AB (NRDBY) and Toronto-Dominion Bank (TD). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Currently, Nordea Bank AB has a Zacks Rank of #2 (Buy), while Toronto-Dominion Bank has a Zacks Rank of #4 (Sell). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that NRDBY is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
NRDBY currently has a forward P/E ratio of 7.95, while TD has a forward P/E of 10.09. We also note that NRDBY has a PEG ratio of 0.76. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. TD currently has a PEG ratio of 2.05.
Another notable valuation metric for NRDBY is its P/B ratio of 1.26. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, TD has a P/B of 1.43.
Based on these metrics and many more, NRDBY holds a Value grade of B, while TD has a Value grade of F.
NRDBY stands above TD thanks to its solid earnings outlook, and based on these valuation figures, we also feel that NRDBY is the superior value option right now.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Nordea Bank AB (NRDBY) : Free Stock Analysis Report
Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Investors interested in Banks - Foreign stocks are likely familiar with Nordea Bank AB (NRDBY) and Toronto-Dominion Bank (TD). The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Click to get this free report Nordea Bank AB (NRDBY) : Free Stock Analysis Report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in Banks - Foreign stocks are likely familiar with Nordea Bank AB (NRDBY) and Toronto-Dominion Bank (TD). Based on these metrics and many more, NRDBY holds a Value grade of B, while TD has a Value grade of F. NRDBY stands above TD thanks to its solid earnings outlook, and based on these valuation figures, we also feel that NRDBY is the superior value option right now. Click to get this free report Nordea Bank AB (NRDBY) : Free Stock Analysis Report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. Based on these metrics and many more, NRDBY holds a Value grade of B, while TD has a Value grade of F. NRDBY stands above TD thanks to its solid earnings outlook, and based on these valuation figures, we also feel that NRDBY is the superior value option right now. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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a5f9254a-be48-4e4f-8309-eda8780fd609
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711818.0
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2023-12-13 00:00:00 UTC
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3 Hot Stocks That Can Double Again in 2024
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https://www.nasdaq.com/articles/3-hot-stocks-that-can-double-again-in-2024
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Last month, I took a look at a few stocks that could double again in 2024. Let's try to unearth some more potential winners for next year.
DraftKings (NASDAQ: DKNG), CrowdStrike (NASDAQ: CRWD), and Royal Caribbean (NYSE: RCL) have soared 222%, 136%, and 143% this year, respectively. Shareholders have enjoyed a great 2023 in these stocks, and there could be some more upside in the year ahead. Let's take a closer look.
DraftKings
If you bet on DraftKings this year, the gamble paid off. Shares of the online wagering and fantasy sports leader have more than tripled in 2023. Business has been booming in recent years, and you can thank the U.S. Supreme Court's decision to officially legalize wagering on sporting events in 2018. It opened the door for DraftKings to offer more than just an outlet for fantasy football fans.
DraftKings continues to gain traction by striking partnerships with leagues and media networks as it takes a larger sportsbook presence in more states. In short, the headwind of regulatory risks for sports betting stocks has become a tailwind. DraftKings' business began to pick up dramatically after the Supreme Court ruling, but it somehow managed to accelerate its top-line gains in 2020 when the COVID-19 crisis shut down many live sporting events. The past four years have been amazing, with annual revenue growth of at least 70%.
2018: 18%
2019: 43%
2020: 90%
2021: 111%
2022: 73%
2023: 76% (through the first nine months)
Image source: Getty Images.
Business is slowing. Revenue gains decelerated to 57% in its latest quarter. DraftKings sees 44% to 50% top-line growth for the current quarter, closing out 2023 with a roughly 65% full-year revenue increase. Lost in the deceleration, the company has actually been raising its guidance as the year plays out. It was only modeling 33% revenue growth for 2023 when the year began.
Things are somehow going even better at the other end of the income statement. One thing that has kept DraftKings in check in recent years before this year's surge is its deep losses. After three consecutive years of 10-figure losses, its deficit should be cut in half this year. Investing in state-by-state rollouts and acquiring customers isn't cheap, but DraftKings is finally turning the corner. All 21 major analysts following the company expect it to post its first profitable quarter as a public company here in the seasonally potent fourth quarter.
With monthly unique paying customers increasing 40% to 2.3 million over the past year -- and average revenue rising 14% on top of that -- it didn't pay to bet against DraftKings in 2023. It probably won't pay to bet against DraftKings in 2024.
CrowdStrike
There aren't a lot of enterprise software companies that have doubled this year, but a standout here has been CrowdStrike. Its Falcon line of cloud-based cybersecurity solutions has become popular. Even in hard times, a company can't afford to be lax with protecting the data of its business and its customers.
CrowdStrike posted another blowout financial performance two weeks ago. Revenue rose 34% with adjusted earnings skyrocketing 85%. It has topped Wall Street's profit targets by at least 9% in each of its last four reports. It also raised its guidance, something it has done with every passing quarter this year. Like DraftKings, the top-line upticks are decelerating. However, it's hard to lose by investing in companies that perpetually put out "beat and raise" reports.
Royal Caribbean
Cruise line stocks have been coasting this year. The two leading players have seen their shares more than double this year, and it's easy to see why. No travel sector was hit as hard by the COVID-19 outbreak as the cruise ship operators. They had to shut down their operations a lot longer than other tourist transporters, and their tax-advantaged status of sailing on international waters on foreign-flagged vessels made it hard to score any kind of government subsidy during the lull.
The cruise lines took on debt and bloated their share counts, but business is booming again. Revenue rose 39% on explosive profitability. Royal Caribbean has a loyal fan base for the premium experience it provides on its fleet of 64 ships. Bookings are now ahead of where they were in 2019. The stock hit another three-year high this week, but the shares are cheaper than you think.
Royal Caribbean is trading for just 13 times next year's projected earnings, and that's before considering that it has posted double-digit percentage beats on the bottom line every quarter this year. Royal Caribbean had to navigate some rough waters to weather the pandemic storm, but now it's ready to head to exotic ports of financial call in 2024.
Should you invest $1,000 in DraftKings right now?
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See the 10 stocks
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Rick Munarriz has positions in CrowdStrike. The Motley Fool has positions in and recommends CrowdStrike. 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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DraftKings' business began to pick up dramatically after the Supreme Court ruling, but it somehow managed to accelerate its top-line gains in 2020 when the COVID-19 crisis shut down many live sporting events. They had to shut down their operations a lot longer than other tourist transporters, and their tax-advantaged status of sailing on international waters on foreign-flagged vessels made it hard to score any kind of government subsidy during the lull. Royal Caribbean had to navigate some rough waters to weather the pandemic storm, but now it's ready to head to exotic ports of financial call in 2024.
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DraftKings (NASDAQ: DKNG), CrowdStrike (NASDAQ: CRWD), and Royal Caribbean (NYSE: RCL) have soared 222%, 136%, and 143% this year, respectively. Royal Caribbean Cruise line stocks have been coasting this year. Before you buy stock in DraftKings, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and DraftKings wasn't one of them.
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With monthly unique paying customers increasing 40% to 2.3 million over the past year -- and average revenue rising 14% on top of that -- it didn't pay to bet against DraftKings in 2023. Royal Caribbean is trading for just 13 times next year's projected earnings, and that's before considering that it has posted double-digit percentage beats on the bottom line every quarter this year. Before you buy stock in DraftKings, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and DraftKings wasn't one of them.
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Last month, I took a look at a few stocks that could double again in 2024. Revenue gains decelerated to 57% in its latest quarter. Royal Caribbean Cruise line stocks have been coasting this year.
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6a8621c7-4be0-42ee-8d45-11897721df6f
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711819.0
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2023-12-13 00:00:00 UTC
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Are You Looking for a High-Growth Dividend Stock?
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https://www.nasdaq.com/articles/are-you-looking-for-a-high-growth-dividend-stock-275
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nan
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All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
HP in Focus
Based in Palo Alto, HP (HPQ) is in the Computer and Technology sector, and so far this year, shares have seen a price change of 12.51%. The personal computer and printer maker is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.65% compared to the Computer - Mini computers industry's yield of 1% and the S&P 500's yield of 1.66%.
In terms of dividend growth, the company's current annualized dividend of $1.10 is up 4.8% from last year. HP has increased its dividend 5 times on a year-over-year basis over the last 5 years for an average annual increase of 14.45%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. HP's current payout ratio is 32%. This means it paid out 32% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for HPQ for this fiscal year. The Zacks Consensus Estimate for 2023 is $3.44 per share, which represents a year-over-year growth rate of 4.88%.
Bottom Line
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, HPQ is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
HP Inc. (HPQ) : 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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Bottom Line Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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In terms of dividend growth, the company's current annualized dividend of $1.10 is up 4.8% from last year. HP's current payout ratio is 32%. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. In terms of dividend growth, the company's current annualized dividend of $1.10 is up 4.8% from last year. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend.
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All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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711820.0
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2023-12-13 00:00:00 UTC
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Cracker Barrel (CBRL) Falls 26% in a Year: What's Causing It?
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https://www.nasdaq.com/articles/cracker-barrel-cbrl-falls-26-in-a-year%3A-whats-causing-it
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Cracker Barrel Old Country Store, Inc. CBRL has been bearing the brunt of declining comps due to reduced guest traffic and low consumer spending along with high costs & expenses due to the inflationary environment.
Owing to the headwinds, shares of this American chain of restaurant and gift stores have declined 25.7% in the past year against the Zacks Retail - Restaurants industry’s 3.4% growth.
This currently Zacks Rank #5 (Strong Sell) company delivered a trailing four-quarter negative earnings surprise of 6.5%, on average. Earnings estimates for fiscal 2024 have moved south to $4.92 per share from $5.86 per share over the past 30 days. This depicts analysts' concerns about its growth prospects. The Zacks Consensus Estimate for the company’s fiscal 2023 earnings per share (EPS) indicates a decline of 10.1% from the previous year’s reported levels.
Image Source: Zacks Investment Research
Factors Impeding Growth Prospects
Declining Comps: Comparable store sales are one of the essential metrics defining the growth progress of a company. Cracker Barrel has witnessed increasing comps over the past few quarters, however, in the first quarter of fiscal 2024, the metric declined notably. In the quarter, the comparable store sales (restaurant and retail) declined 2.1% against a 6.5% increase in the year-ago quarter. The decline was attributable to a 7.1% guest traffic decrease due to weaker consumer demand. Also, the comparable store restaurant sales declined 0.5% in the quarter against a 7.1% increase in the year-ago period.
Low Guest Traffic: Given the current economic conditions, Cracker Barrel is witnessing weak consumer demand as it believes that consumers are under economic pressure and are holding onto their discretionary spending. The top line of the company was pressured due to lower guest traffic in the fiscal first quarter of 2024, driven by the impact of inflationary pressures, higher interest rates, higher consumer debt levels, lower savings rates and the risk of recession.
High Costs & Expenses: Despite cost-saving initiatives, higher labor costs due to increased wages and investments in additional labor hours are expected to persistently keep profits under pressure. During the first quarter of fiscal 2024, CBRL witnessed a year-over-year increase in labor and other related expenses and other store operating expenses, as a percentage of total revenues, by 220 basis points (bps) to 37% and 130 bps to 24.7%, respectively. This was driven by higher staffing levels and the investment of additional labor hours to improve the guest experience. For fiscal 2024, Cracker Barrel expects hourly restaurant wage inflation to be in the mid-single digits.
Tepid Q1 Results: Cracker Barrel reported unimpressive first-quarter fiscal 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimate by 34.6% and 0.3%, respectively. Furthermore, the top and the bottom lines declined year over year by 1.9% and 48.5%, respectively, on the back of weak consumer sentiments and lower restaurant traffic. The company’s vulnerability to the inconsistent nature of consumer discretionary spending is affecting its results and is likely to continue for some time.
Key Picks
Here are some better-ranked stocks from the Zacks Retail-Wholesale sector.
Wingstop Inc. WING sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
It has a trailing four-quarter earnings surprise of 28.9%, on average. The stock has gained 55.1% in the past year. The Zacks Consensus Estimate for WING’s 2023 sales and earnings per share (EPS) suggests an increase of 26.3% and 29.7%, respectively, from the year-ago period’s levels.
Brinker International, Inc. EAT currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 223.6%, on average. The stock has gained 15.2% in the past year.
The Zacks Consensus Estimate for EAT’s fiscal 2024 sales and EPS indicates a 5.1% and a 26.2% rise, respectively, from the year-ago period’s levels.
The Gap, Inc. GPS currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 137.9%, on average. The stock has gained 53.3% in the past year.
The Zacks Consensus Estimate for GPS’ fiscal 2024 sales suggests an improvement of 0.9% but EPS suggest a decline of 2.8% from the year-ago period’s levels.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report
Brinker International, Inc. (EAT) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
Wingstop Inc. (WING) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This currently Zacks Rank #5 (Strong Sell) company delivered a trailing four-quarter negative earnings surprise of 6.5%, on average. The Zacks Consensus Estimate for the company’s fiscal 2023 earnings per share (EPS) indicates a decline of 10.1% from the previous year’s reported levels. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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High Costs & Expenses: Despite cost-saving initiatives, higher labor costs due to increased wages and investments in additional labor hours are expected to persistently keep profits under pressure. The Zacks Consensus Estimate for GPS’ fiscal 2024 sales suggests an improvement of 0.9% but EPS suggest a decline of 2.8% from the year-ago period’s levels. Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for the company’s fiscal 2023 earnings per share (EPS) indicates a decline of 10.1% from the previous year’s reported levels. The Zacks Consensus Estimate for GPS’ fiscal 2024 sales suggests an improvement of 0.9% but EPS suggest a decline of 2.8% from the year-ago period’s levels. Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This currently Zacks Rank #5 (Strong Sell) company delivered a trailing four-quarter negative earnings surprise of 6.5%, on average. Cracker Barrel has witnessed increasing comps over the past few quarters, however, in the first quarter of fiscal 2024, the metric declined notably. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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ee8d89d0-56d0-49c3-892d-de53e828c2ad
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711821.0
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2023-12-13 00:00:00 UTC
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IBM Has a Secret Weapon That's Bringing in Billions
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DCOMP
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https://www.nasdaq.com/articles/ibm-has-a-secret-weapon-thats-bringing-in-billions
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nan
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nan
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Part of International Business Machines' (NYSE: IBM) strategy is to sell clients on its platforms. OpenShift, a container platform that enables running workloads across multiple clouds both public and private, is at the heart of IBM's hybrid cloud computing business. Watsonx, a new enterprise AI platform from IBM, looks to fill the same role for the company's AI business.
These platforms come with a multiplier effect, as CFO Jim Kavanaugh explained during a recent technology conference. Every $1 of revenue spent on one of IBM's platforms generates between $3 and $5 of additional spending on software, and between $6 and $8 of additional spending on services. IBM has adapted much of its software to run on Red Hat's OpenShift, and its consulting arm steers clients toward its lucrative platforms.
The secret sauce
While IBM builds solutions for clients around its own platforms, those platforms need to run somewhere. IBM offers its own public cloud computing platform, but it's a small player in an industry dominated by Amazon Web Services and Microsoft Azure. Enterprise customers are going to be biased toward using one or both of those leading platforms. A digital transformation solution that doesn't involve AWS or Azure is likely a non-starter for many of IBM's customers.
IBM's consulting business has always been agnostic when it comes to putting together solutions for clients. While IBM sells a wide variety of software, hardware, and services, the company partners with other technology providers and aims to build the best solutions for clients. In the cloud and AI era, this agnosticism is really paying off.
IBM has recently entered into a variety of strategic partnerships with leading technology companies, including AWS, Microsoft, Cisco, Oracle, Salesforce, SAP, Adobe, and a few others. IBM competes with these partners in various ways, but it's also happy to include these competing products in the solutions delivered to clients.
A solution from IBM may involve migrating workloads to AWS and managing a customer's AWS cloud environment. It could involve deploying SAP's cloud ERP software to Azure, or helping a client move their on-premises Oracle database to Oracle's cloud. OpenShift can run on any cloud, public or private, and a portion of the watsonx platform is already available directly on AWS.
These partnerships are now driving a significant number of bookings for IBM. Here's Kavanaugh during the technology conference: "[O]ur strategic partnerships, remember, we came from nowhere, to now, we've got multibillion-dollar book of businesses with AWS, with Microsoft, with SAP, and next up are going to be Salesforce, which we're close, and with Oracle and Adobe coming up the rear."
For these technology partners, working with IBM makes a lot of sense. The company has long, deep relationships with enterprise and government clients. IBM's partners want access to that customer base, and through strategic partnerships, IBM can deliver that access while also driving the adoption of its platforms. The end result for IBM is billions of dollars in business that it may not have otherwise won without striking these alliances across the technology industry.
Steady growth
Despite an uncertain economic backdrop, IBM's core software and consulting segments are putting up solid results. Software revenue grew by 6% year over year in the third quarter (excluding the impact of currency), and consulting revenue was up 5%. IBM called out Red Hat and strategic partnerships as key drivers of its consulting growth.
For the full year, IBM expects revenue to increase by 3% to 5%, and for free cash flow to rise by more than $1 billion from 2022 to $10.5 billion. While the state of the economy will always have an impact on IBM's results, the company's embrace of strategic partnerships is working well in an environment where enterprises are looking to adopt cloud and AI technologies that lower their costs and boost efficiencies.
Should you invest $1,000 in International Business Machines 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. Timothy Green has positions in International Business Machines. The Motley Fool has positions in and recommends Adobe, Amazon, Cisco Systems, Microsoft, Oracle, and Salesforce. The Motley Fool recommends International Business Machines and recommends the following options: long January 2024 $420 calls on Adobe 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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IBM has recently entered into a variety of strategic partnerships with leading technology companies, including AWS, Microsoft, Cisco, Oracle, Salesforce, SAP, Adobe, and a few others. Here's Kavanaugh during the technology conference: "[O]ur strategic partnerships, remember, we came from nowhere, to now, we've got multibillion-dollar book of businesses with AWS, with Microsoft, with SAP, and next up are going to be Salesforce, which we're close, and with Oracle and Adobe coming up the rear." While the state of the economy will always have an impact on IBM's results, the company's embrace of strategic partnerships is working well in an environment where enterprises are looking to adopt cloud and AI technologies that lower their costs and boost efficiencies.
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IBM has recently entered into a variety of strategic partnerships with leading technology companies, including AWS, Microsoft, Cisco, Oracle, Salesforce, SAP, Adobe, and a few others. Before you buy stock in International Business Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and International Business Machines wasn't one of them. The Motley Fool recommends International Business Machines and recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe.
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OpenShift, a container platform that enables running workloads across multiple clouds both public and private, is at the heart of IBM's hybrid cloud computing business. IBM's partners want access to that customer base, and through strategic partnerships, IBM can deliver that access while also driving the adoption of its platforms. Before you buy stock in International Business Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and International Business Machines wasn't one of them.
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IBM has recently entered into a variety of strategic partnerships with leading technology companies, including AWS, Microsoft, Cisco, Oracle, Salesforce, SAP, Adobe, and a few others. While the state of the economy will always have an impact on IBM's results, the company's embrace of strategic partnerships is working well in an environment where enterprises are looking to adopt cloud and AI technologies that lower their costs and boost efficiencies. Before you buy stock in International Business Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and International Business Machines wasn't one of them.
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8a56814e-5d0b-4dc8-936b-2452e1b31ae4
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711822.0
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2023-12-13 00:00:00 UTC
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Best Momentum Stocks to Buy for December 13th
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DCOMP
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-december-13th-1
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 13th:
Galapagos NV GLPG: This integrated biopharmaceutical company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 68.9% over the last 60 days.
Galapagos NV Price and Consensus
Galapagos NV price-consensus-chart | Galapagos NV Quote
Galapagos’ shares gained 9.5% over the last three months compared with the S&P 500’s advance of 2.1%. The company possesses a Momentum Score of A.
Galapagos NV Price
Galapagos NV price | Galapagos NV Quote
Banco Bilbao Vizcaya Argentaria, S.A. BBVA: This banking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.7% over the last 60 days.
Banco Bilbao Viscaya Argentaria S.A. Price and Consensus
Banco Bilbao Viscaya Argentaria S.A. price-consensus-chart | Banco Bilbao Viscaya Argentaria S.A. Quote
Banco Bilbao’s shares gained 17.5% over the last three months compared with the S&P 500’s advance of 2.1%. The company possesses a Momentum Score of B.
Banco Bilbao Viscaya Argentaria S.A. Price
Banco Bilbao Viscaya Argentaria S.A. price | Banco Bilbao Viscaya Argentaria S.A. Quote
Tradeweb Markets Inc. TW: This company that operates electronic marketplaces has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.8% over the last 60 days.
Tradeweb Markets Inc. Price and Consensus
Tradeweb Markets Inc. price-consensus-chart | Tradeweb Markets Inc. Quote
Tradeweb’s shares gained 8.2% over the last three months compared with the S&P 500’s advance of 2.1%. The company possesses a Momentum Score of B.
Tradeweb Markets Inc. Price
Tradeweb Markets Inc. price | Tradeweb Markets Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Tradeweb Markets Inc. (TW) : Free Stock Analysis Report
Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report
Galapagos NV (GLPG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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The company possesses a Momentum Score of A. Galapagos NV Price Galapagos NV price | Galapagos NV Quote Banco Bilbao Vizcaya Argentaria, S.A. BBVA: This banking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.7% over the last 60 days. The company possesses a Momentum Score of B. Banco Bilbao Viscaya Argentaria S.A. Price Banco Bilbao Viscaya Argentaria S.A. price | Banco Bilbao Viscaya Argentaria S.A. Quote Tradeweb Markets Inc. TW: This company that operates electronic marketplaces has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.8% over the last 60 days. Click to get this free report Tradeweb Markets Inc. (TW) : Free Stock Analysis Report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report Galapagos NV (GLPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Momentum Score of A. Galapagos NV Price Galapagos NV price | Galapagos NV Quote Banco Bilbao Vizcaya Argentaria, S.A. BBVA: This banking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.7% over the last 60 days. The company possesses a Momentum Score of B. Banco Bilbao Viscaya Argentaria S.A. Price Banco Bilbao Viscaya Argentaria S.A. price | Banco Bilbao Viscaya Argentaria S.A. Quote Tradeweb Markets Inc. TW: This company that operates electronic marketplaces has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.8% over the last 60 days. Click to get this free report Tradeweb Markets Inc. (TW) : Free Stock Analysis Report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report Galapagos NV (GLPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Momentum Score of A. Galapagos NV Price Galapagos NV price | Galapagos NV Quote Banco Bilbao Vizcaya Argentaria, S.A. BBVA: This banking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.7% over the last 60 days. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Tradeweb Markets Inc. (TW) : Free Stock Analysis Report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report Galapagos NV (GLPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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1a23cbe2-4549-40f8-b0b8-281fc108b865
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711823.0
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2023-12-13 00:00:00 UTC
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Validea's Top Information Technology Stocks Based On Joel Greenblatt - 12/13/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-information-technology-stocks-based-on-joel-greenblatt-12-13-2023
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The following are the top rated Information Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
HP INC (HPQ) is a large-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers (PCs), workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays and peripherals, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions. The Printing segment is also focused on graphics and three-dimensional (3D) imaging solutions in the commercial and industrial markets. The Corporate Investments segment includes HP Labs and certain business incubation and investment projects.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of HP INC
HPQ Guru Analysis
HPQ Fundamental Analysis
DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dell Technologies Inc. is an end-to-end technology provider that designs, develops, manufactures, markets, sells, and supports a range of comprehensive and integrated solutions, products, and services. The Company operates through two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). Its ISG segment enables the Company's customers' digital transformation with solutions that address the fundamental shift to multi-cloud environments, machine learning, artificial intelligence, and data analytics. The Company's storage portfolio includes traditional as well as next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyperconverged infrastructure, and software-defined storage. This segment also offers attached software, peripherals, and services. The CSG segment includes sales to commercial and consumer customers of branded hardware and branded peripherals, as well as services and third-party software and peripherals.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of DELL TECHNOLOGIES INC
DELL Guru Analysis
DELL Fundamental Analysis
CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry. The rating according to our strategy based on Joel Greenblatt is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. It is integrating its platforms across networking, security, collaboration, applications and the cloud. Its segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its product categories include Secure, Agile Networks; Internet for the Future; Collaboration; End-to-End Security; Optimized Application Experiences, and Other Products. Secure, Agile Networks consists of its core networking technologies of switching, enterprise routing, wireless, and compute products. Internet for the Future consists of its routed optical networking, public fifth generation (5G), silicon, and optics solutions. Collaboration consists of its meetings, collaboration devices, calling, contact center and communication platform as a service (CPaaS) offering. End-to-End Security consists of cloud and application security, industrial security and other offering.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of CISCO SYSTEMS INC
CSCO Guru Analysis
CSCO Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Company Description: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its ISG segment enables the Company's customers' digital transformation with solutions that address the fundamental shift to multi-cloud environments, machine learning, artificial intelligence, and data analytics. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry. Detailed Analysis of CISCO SYSTEMS INC CSCO Guru Analysis CSCO Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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Detailed Analysis of HP INC HPQ Guru Analysis HPQ Fundamental Analysis DELL TECHNOLOGIES INC (DELL) is a large-cap growth stock in the Computer Hardware industry. Detailed Analysis of DELL TECHNOLOGIES INC DELL Guru Analysis DELL Fundamental Analysis CISCO SYSTEMS INC (CSCO) is a large-cap value stock in the Communications Equipment industry. Detailed Analysis of CISCO SYSTEMS INC CSCO Guru Analysis CSCO Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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The following are the top rated Information Technology stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Company Description: HP Inc. is a global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The Printing segment provides consumer and commercial printer hardware, supplies, services and solutions.
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002f723b-f9cb-4d84-9672-2fc36fb18e14
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711824.0
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2023-12-13 00:00:00 UTC
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Ex-Dividend Reminder: Allegion, Johnson Controls International and Utz Brands
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-allegion-johnson-controls-international-and-utz-brands
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Allegion plc (Symbol: ALLE), Johnson Controls International plc (Symbol: JCI), and Utz Brands Inc (Symbol: UTZ) will all trade ex-dividend for their respective upcoming dividends. Allegion plc will pay its quarterly dividend of $0.45 on 12/29/23, Johnson Controls International plc will pay its quarterly dividend of $0.37 on 1/12/24, and Utz Brands Inc will pay its quarterly dividend of $0.057 on 1/4/24. As a percentage of ALLE's recent stock price of $109.75, this dividend works out to approximately 0.41%, so look for shares of Allegion plc to trade 0.41% lower — all else being equal — when ALLE shares open for trading on 12/15/23. Similarly, investors should look for JCI to open 0.70% lower in price and for UTZ to open 0.41% lower, all else being equal.
Below are dividend history charts for ALLE, JCI, and UTZ, showing historical dividends prior to the most recent ones declared.
Allegion plc (Symbol: ALLE):
Johnson Controls International plc (Symbol: JCI):
Utz Brands Inc (Symbol: UTZ):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.64% for Allegion plc, 2.78% for Johnson Controls International plc, and 1.64% for Utz Brands Inc.
In Wednesday trading, Allegion plc shares are currently trading flat, Johnson Controls International plc shares are off about 6%, and Utz Brands Inc shares are up about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
SOR Historical Stock Prices
VVX Options Chain
MGLN YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Allegion plc (Symbol: ALLE), Johnson Controls International plc (Symbol: JCI), and Utz Brands Inc (Symbol: UTZ) will all trade ex-dividend for their respective upcoming dividends. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. dividend stocks should be on your radar screen » Also see: SOR Historical Stock Prices VVX Options Chain MGLN YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Allegion plc (Symbol: ALLE), Johnson Controls International plc (Symbol: JCI), and Utz Brands Inc (Symbol: UTZ) will all trade ex-dividend for their respective upcoming dividends. Allegion plc will pay its quarterly dividend of $0.45 on 12/29/23, Johnson Controls International plc will pay its quarterly dividend of $0.37 on 1/12/24, and Utz Brands Inc will pay its quarterly dividend of $0.057 on 1/4/24. Allegion plc (Symbol: ALLE): Johnson Controls International plc (Symbol: JCI): Utz Brands Inc (Symbol: UTZ): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Allegion plc (Symbol: ALLE), Johnson Controls International plc (Symbol: JCI), and Utz Brands Inc (Symbol: UTZ) will all trade ex-dividend for their respective upcoming dividends. Allegion plc will pay its quarterly dividend of $0.45 on 12/29/23, Johnson Controls International plc will pay its quarterly dividend of $0.37 on 1/12/24, and Utz Brands Inc will pay its quarterly dividend of $0.057 on 1/4/24. Allegion plc (Symbol: ALLE): Johnson Controls International plc (Symbol: JCI): Utz Brands Inc (Symbol: UTZ): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Allegion plc (Symbol: ALLE), Johnson Controls International plc (Symbol: JCI), and Utz Brands Inc (Symbol: UTZ) will all trade ex-dividend for their respective upcoming dividends. As a percentage of ALLE's recent stock price of $109.75, this dividend works out to approximately 0.41%, so look for shares of Allegion plc to trade 0.41% lower — all else being equal — when ALLE shares open for trading on 12/15/23. If they do continue, the current estimated yields on annualized basis would be 1.64% for Allegion plc, 2.78% for Johnson Controls International plc, and 1.64% for Utz Brands Inc.
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9fa845eb-f500-4f07-a262-f20f692cf06b
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711825.0
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2023-12-13 00:00:00 UTC
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Validea's Top Health Care Stocks Based On Peter Lynch - 12/13/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-health-care-stocks-based-on-peter-lynch-12-13-2023
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nan
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nan
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The following are the top rated Health Care stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ENSIGN GROUP INC (ENSG) is a mid-cap growth stock in the Healthcare Facilities industry. The rating according to our strategy based on Peter Lynch is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Ensign Group, Inc. is a holding company, which provides a range of skilled nursing and senior living services, physical, occupational and speech therapies, and other rehabilitative and healthcare services. The Company operates through two segments: skilled services and Standard Bearer. Th skilled services segment includes the operation of skilled nursing facilities and rehabilitation therapy services. The Standard Bearer segment consist of select properties owned by the Company through its real estate investment trust (REIT) and leased to skilled nursing and senior living operations, including its own operating subsidiaries and third-party operators. It provides its services at about 293 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. It also acquires, leases and owns healthcare real estate to service the post-acute care continuum through acquisition and investment opportunities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ENSIGN GROUP INC
ENSG Guru Analysis
ENSG Fundamental Analysis
APOLLO MEDICAL HOLDINGS INC (AMEH) is a small-cap growth stock in the Healthcare Facilities industry. The rating according to our strategy based on Peter Lynch is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Apollo Medical Holdings, Inc. is a healthcare company. The Company provides care coordination services to each constituent of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans. Its segments include Care Enablement, Care Partners, and Care Delivery. The Care Enablement segment is an integrated, end-to-end clinical and administrative platform, powered by its technology suite, which provides operational, clinical, financial, technology, management, and strategic services. The Care Partners segment is focused on building and managing provider networks by partnering with provider partners for coordinated care delivery. The Care Delivery segment is a data-driven care delivery organization focused on delivering accessible care to all patients. Its care delivery organization includes primary care, multi-specialty care, and ancillary care services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of APOLLO MEDICAL HOLDINGS INC
AMEH Guru Analysis
AMEH Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the top rated Health Care stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. It provides its services at about 293 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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The following are the top rated Health Care stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of ENSIGN GROUP INC ENSG Guru Analysis ENSG Fundamental Analysis APOLLO MEDICAL HOLDINGS INC (AMEH) is a small-cap growth stock in the Healthcare Facilities industry. Detailed Analysis of APOLLO MEDICAL HOLDINGS INC AMEH Guru Analysis AMEH Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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The Company provides care coordination services to each constituent of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans. Its care delivery organization includes primary care, multi-specialty care, and ancillary care services. Detailed Analysis of APOLLO MEDICAL HOLDINGS INC AMEH Guru Analysis AMEH Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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The following are the top rated Health Care stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. Company Description: The Ensign Group, Inc. is a holding company, which provides a range of skilled nursing and senior living services, physical, occupational and speech therapies, and other rehabilitative and healthcare services. Its segments include Care Enablement, Care Partners, and Care Delivery.
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a2d7d5e9-73da-49d6-94d0-1e35033509d4
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711826.0
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2023-12-13 00:00:00 UTC
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Ex-Dividend Reminder: Eastman Chemical, Greif and Packaging Corp of America
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-eastman-chemical-greif-and-packaging-corp-of-america
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Eastman Chemical Co (Symbol: EMN), Greif Inc (Symbol: GEF), and Packaging Corp of America (Symbol: PKG) will all trade ex-dividend for their respective upcoming dividends. Eastman Chemical Co will pay its quarterly dividend of $0.81 on 1/5/24, Greif Inc will pay its quarterly dividend of $0.52 on 1/1/24, and Packaging Corp of America will pay its quarterly dividend of $1.25 on 1/15/24. As a percentage of EMN's recent stock price of $84.72, this dividend works out to approximately 0.96%, so look for shares of Eastman Chemical Co to trade 0.96% lower — all else being equal — when EMN shares open for trading on 12/15/23. Similarly, investors should look for GEF to open 0.83% lower in price and for PKG to open 0.77% lower, all else being equal.
Below are dividend history charts for EMN, GEF, and PKG, showing historical dividends prior to the most recent ones declared.
Eastman Chemical Co (Symbol: EMN):
Greif Inc (Symbol: GEF):
Packaging Corp of America (Symbol: PKG):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.82% for Eastman Chemical Co, 3.31% for Greif Inc, and 3.09% for Packaging Corp of America.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Eastman Chemical Co shares are currently down about 0.9%, Greif Inc shares are down about 1.3%, and Packaging Corp of America shares are down about 2.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
CRI Price Target
GENC Historical PE Ratio
THS shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.82% for Eastman Chemical Co, 3.31% for Greif Inc, and 3.09% for Packaging Corp of America. dividend stocks should be on your radar screen » Also see: CRI Price Target GENC Historical PE Ratio THS shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Eastman Chemical Co (Symbol: EMN), Greif Inc (Symbol: GEF), and Packaging Corp of America (Symbol: PKG) will all trade ex-dividend for their respective upcoming dividends. Eastman Chemical Co will pay its quarterly dividend of $0.81 on 1/5/24, Greif Inc will pay its quarterly dividend of $0.52 on 1/1/24, and Packaging Corp of America will pay its quarterly dividend of $1.25 on 1/15/24. Eastman Chemical Co (Symbol: EMN): Greif Inc (Symbol: GEF): Packaging Corp of America (Symbol: PKG): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Eastman Chemical Co (Symbol: EMN), Greif Inc (Symbol: GEF), and Packaging Corp of America (Symbol: PKG) will all trade ex-dividend for their respective upcoming dividends. Eastman Chemical Co will pay its quarterly dividend of $0.81 on 1/5/24, Greif Inc will pay its quarterly dividend of $0.52 on 1/1/24, and Packaging Corp of America will pay its quarterly dividend of $1.25 on 1/15/24. Eastman Chemical Co (Symbol: EMN): Greif Inc (Symbol: GEF): Packaging Corp of America (Symbol: PKG): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of EMN's recent stock price of $84.72, this dividend works out to approximately 0.96%, so look for shares of Eastman Chemical Co to trade 0.96% lower — all else being equal — when EMN shares open for trading on 12/15/23. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.82% for Eastman Chemical Co, 3.31% for Greif Inc, and 3.09% for Packaging Corp of America.
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5cb3efa0-7f4e-47ba-9e69-0987efd52999
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711827.0
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2023-12-13 00:00:00 UTC
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US STOCKS-S&P 500, Nasdaq inch up after soft PPI data, focus on Fed verdict
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DCOMP
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https://www.nasdaq.com/articles/us-stocks-sp-500-nasdaq-inch-up-after-soft-ppi-data-focus-on-fed-verdict
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nan
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By Shristi Achar A and Johann M Cherian
Dec 13 (Reuters) - The benchmark S&P 500 and the Nasdaq gained on Wednesday as fresh data indicated inflation pressures were easing ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged.
The Labor Department's report showed the Producer Price Index (PPI) for final demand rose 0.9% on an annual basis in November. Economists polled by Reuters had estimated a 1% advance.
On a month-on-month basis, producer prices were unchanged, against estimates of a 0.1% increase.
The recent slew of reports, including the consumer price index (CPI) data on Tuesday, have cemented expectations that interest rates have peaked, with traders also estimating potential rate cuts next year.
The upbeat sentiment led Wall Street's main indexes to close at fresh 2023 highs on Tuesday.
"The numbers are more or less in line with expectations and continue to show that inflation is headed in the right direction," said Peter Cardillo, chief market economist at Spartan Capital Securities.
All eyes are now on the central bank's interest-rate decision at the end of its two-day meeting, due at 2:00 p.m. ET.
Focus will also be on Fed Chair Jerome Powell's comments after the policy announcement and the release of the "dot plot", which could provide a glimpse into monetary policy trajectory.
Money markets have almost fully priced in the Fed holding rates at the current level of 5.25% to 5.50% later in the day. Traders now see possible monetary easing next year, estimating a nearly 80.7% chance of at least a 25-basis-point rate cut in May 2024, according to the CME's FedWatch tool.
Meanwhile, nearly $5 trillion in U.S. stock options are due to expire on Friday, set to be the largest on record, which strategists said is likely to keep market volatility in check.
PfizerPFE.N dropped 9.6% to a 10-year low, after the drugmaker forecast 2024 revenue below Wall Street's expectations.
Eight of the S&P 500's 11 major sectors advanced, though the materials sector .SPLRCM shed 0.7%, as base metal prices declined. MET/L
At 9:46 a.m. ET, the Dow Jones Industrial Average .DJI was down 34.31 points, or 0.09%, at 36,543.63, the S&P 500 .SPX was up 2.49 points, or 0.05%, at 4,646.19, and the Nasdaq Composite .IXIC was up 37.17 points, or 0.26%, at 14,570.57.
Among other stocks, TeslaTSLA.O slipped 1.1% after the automaker said it would recall more than two million vehicles in the U.S. fitted with its Autopilot system. The company will also lose up to $7,500 in federal tax credit for some Model 3 vehicles.
Southwest AirlinesLUV.N slipped 4.9% after the carrier raised its forecast for fourth-quarter fuel costs.
Johnson & JohnsonJNJ.N limited gains on the blue-chip Dow, shedding 1.7% after Wells Fargo downgraded the drugmaker to "equal weight" from "overweight".
Take-Two Interactive SoftwareTTWO.O added 3.2% as the video-game maker is set to be included in the Nasdaq 100 index .NDX, effective December 18.
Advancing issues outnumbered decliners by a 1.02-to-1 ratio on the NYSE and by a 1.06-to-1 ratio on the Nasdaq.
The S&P index recorded 42 new 52-week highs and one new low, while the Nasdaq recorded 61 new highs and 64 new lows.
Monthly change in US Producer Price Index https://tmsnrt.rs/41mN8IC
(Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai)
((Shristi.AcharA@thomsonreuters.com https://twitter.com/ShristiAchar;))
The views and 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 Shristi Achar A and Johann M Cherian Dec 13 (Reuters) - The benchmark S&P 500 and the Nasdaq gained on Wednesday as fresh data indicated inflation pressures were easing ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged. The Labor Department's report showed the Producer Price Index (PPI) for final demand rose 0.9% on an annual basis in November. "The numbers are more or less in line with expectations and continue to show that inflation is headed in the right direction," said Peter Cardillo, chief market economist at Spartan Capital Securities.
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By Shristi Achar A and Johann M Cherian Dec 13 (Reuters) - The benchmark S&P 500 and the Nasdaq gained on Wednesday as fresh data indicated inflation pressures were easing ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged. The recent slew of reports, including the consumer price index (CPI) data on Tuesday, have cemented expectations that interest rates have peaked, with traders also estimating potential rate cuts next year. Monthly change in US Producer Price Index https://tmsnrt.rs/41mN8IC (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai) ((Shristi.AcharA@thomsonreuters.com https://twitter.com/ShristiAchar;)) The views and 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 Shristi Achar A and Johann M Cherian Dec 13 (Reuters) - The benchmark S&P 500 and the Nasdaq gained on Wednesday as fresh data indicated inflation pressures were easing ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged. The recent slew of reports, including the consumer price index (CPI) data on Tuesday, have cemented expectations that interest rates have peaked, with traders also estimating potential rate cuts next year. Monthly change in US Producer Price Index https://tmsnrt.rs/41mN8IC (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai) ((Shristi.AcharA@thomsonreuters.com https://twitter.com/ShristiAchar;)) The views and 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 Shristi Achar A and Johann M Cherian Dec 13 (Reuters) - The benchmark S&P 500 and the Nasdaq gained on Wednesday as fresh data indicated inflation pressures were easing ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged. PfizerPFE.N dropped 9.6% to a 10-year low, after the drugmaker forecast 2024 revenue below Wall Street's expectations. The S&P index recorded 42 new 52-week highs and one new low, while the Nasdaq recorded 61 new highs and 64 new lows.
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a497ffed-00a6-4467-a1bd-05cf34ebe464
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711828.0
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2023-12-13 00:00:00 UTC
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Nasdaq 100 Movers: MRNA, VRTX
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DCOMP
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https://www.nasdaq.com/articles/nasdaq-100-movers%3A-mrna-vrtx
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nan
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nan
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In early trading on Wednesday, shares of Vertex Pharmaceuticals, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.8%. Year to date, Vertex Pharmaceuticals, registers a 33.5% gain.
And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 5.2%. Moderna is lower by about 58.8% looking at the year to date performance.
Two other components making moves today are Enphase Energy, trading down 3.9%, and Illumina, trading up 2.1% on the day.
VIDEO: Nasdaq 100 Movers: MRNA, VRTX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Year to date, Vertex Pharmaceuticals, registers a 33.5% gain. And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 5.2%. VIDEO: Nasdaq 100 Movers: MRNA, VRTX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Wednesday, shares of Vertex Pharmaceuticals, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.8%. Year to date, Vertex Pharmaceuticals, registers a 33.5% gain. And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 5.2%.
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In early trading on Wednesday, shares of Vertex Pharmaceuticals, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.8%. And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 5.2%. Two other components making moves today are Enphase Energy, trading down 3.9%, and Illumina, trading up 2.1% on the day.
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In early trading on Wednesday, shares of Vertex Pharmaceuticals, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.8%. And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 5.2%. VIDEO: Nasdaq 100 Movers: MRNA, VRTX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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c9c7721f-5fd3-4e17-b7b0-942c37699330
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711829.0
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2023-12-13 00:00:00 UTC
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Alphabet’s AI Ambitions: A Catalyst for GOOG Stock’s Future Growth
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DCOMP
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https://www.nasdaq.com/articles/alphabets-ai-ambitions%3A-a-catalyst-for-goog-stocks-future-growth
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) poised to become a big winner in the AI Revolution, GOOG stock looks quite attractive at its current relatively low valuation. AI will make the company’s core search and ads businesses significantly more lucrative, and the technology should also meaningfully boost other existing offerings provided by Alphabet. Among the products in the latter category are Google Cloud and its Pixel smartphones.
Meanwhile, Alphabet’s core ad business should continue to benefit from marketers’ increased optimism about the economy in the future.
Given these powerful, positive catalysts, the forward price-earnings ratio of GOOG stock, which is currently 20, is quite attractive.
Alphabet’s Gemini AI Offering Looks Poised to Succeed
Alphabet’s new AI offering, Gemini, has a number of very compelling attributes. According to analysts at Citi, there are “Ultra, Pro, and Nano” versions of Gemini. Ultra is designed to carry out in-depth, complicated endeavors, and Pro is more of a generalist, while Nano is made to be utilized on devices that can carry out AI independently.
This specialization, which I have not seen from other companies, should generally make Gemini more effective than competing AI tools when completing tasks and satisfying users.
Speaking of more effective, Gemini received a 90% on the “Massive Multitask Language Understanding benchmark,” coming in significantly above the 86.4% score obtained by the latest version of ChatGPT.
And finally, another feature of Gemini, which I believe may be unique, is that it “can recognize videos, images, text, and voice simultaneously,” Seeking Alpha reported.
Gemini Will Help Alphabet in Many Ways
Due to the effectiveness of Gemini, I believe consumers will use the Google search engine much more frequently than they do now. That’s because the AI offering will quickly and directly answer users’ questions instead of making them look through multiple websites to find the information they seek.
As a result, marketers will be willing to pay more for ads on Google. Additionally, Gemini’s ability to recognize different media types simultaneously could facilitate searches. For example, a user could input a picture of a Taylor Swift concert and ask Gemini to determine the date it took place.
Additionally, AI will enable marketers’ ads on other Google products, such as YouTube, Display, and Gmail, to be more targeted and, consequently, more effective.
Also noteworthy is that the AI Revolution should meaningfully boost Google Cloud. That’s because, like AWS, Amazon’s cloud unit, Google Cloud will be able to sell “many new, AI-oriented services” to its customers.
And finally, the Nano version of Gemini will make Alphabet’s hardware devices, such as its Pixel smartphones, much more attractive.
U.S. Ad Spending Growth Looks Poised to Accelerate
With inflation and interest rates dropping, U.S. companies will likely grow more secure about the future and, consequently, spend more on advertising. Indeed, that trend already appears to be materializing, with research firm Wall Street Insights recently raising its forecast for 2023 ad spending growth, “excluding political ads, ” to 5.9% from 5%. For the same metric in 2024, the firm increased its outlook to 5.2% from 4.3%.
Additionally, ad spending next year should get a big lift from the many U.S. elections that will take place in 2024.
Since GOOG stock is one of the top generators of digital ad revenue in the U.S., its top and bottom lines should be boosted as ad revenue growth strengthens.
On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
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The post Alphabet’s AI Ambitions: A Catalyst for GOOG Stock’s Future Growth 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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AI will make the company’s core search and ads businesses significantly more lucrative, and the technology should also meaningfully boost other existing offerings provided by Alphabet. Speaking of more effective, Gemini received a 90% on the “Massive Multitask Language Understanding benchmark,” coming in significantly above the 86.4% score obtained by the latest version of ChatGPT. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Alphabet’s AI Ambitions: A Catalyst for GOOG Stock’s Future Growth appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) poised to become a big winner in the AI Revolution, GOOG stock looks quite attractive at its current relatively low valuation. AI will make the company’s core search and ads businesses significantly more lucrative, and the technology should also meaningfully boost other existing offerings provided by Alphabet. Alphabet’s Gemini AI Offering Looks Poised to Succeed Alphabet’s new AI offering, Gemini, has a number of very compelling attributes.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) poised to become a big winner in the AI Revolution, GOOG stock looks quite attractive at its current relatively low valuation. AI will make the company’s core search and ads businesses significantly more lucrative, and the technology should also meaningfully boost other existing offerings provided by Alphabet. Alphabet’s Gemini AI Offering Looks Poised to Succeed Alphabet’s new AI offering, Gemini, has a number of very compelling attributes.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) poised to become a big winner in the AI Revolution, GOOG stock looks quite attractive at its current relatively low valuation. And finally, the Nano version of Gemini will make Alphabet’s hardware devices, such as its Pixel smartphones, much more attractive. Additionally, ad spending next year should get a big lift from the many U.S. elections that will take place in 2024.
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ae1485e1-72e7-4c83-ac98-10d7ded4fd5e
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711830.0
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2023-12-13 00:00:00 UTC
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Ex-Dividend Reminder: Eversource Energy, DTE Energy and DT Midstream
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-eversource-energy-dte-energy-and-dt-midstream
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Eversource Energy (Symbol: ES), DTE Energy Co (Symbol: DTE), and DT Midstream Inc (Symbol: DTM) will all trade ex-dividend for their respective upcoming dividends. Eversource Energy will pay its quarterly dividend of $0.675 on 12/29/23, DTE Energy Co will pay its quarterly dividend of $1.02 on 1/15/24, and DT Midstream Inc will pay its quarterly dividend of $0.69 on 1/15/24. As a percentage of ES's recent stock price of $60.21, this dividend works out to approximately 1.12%, so look for shares of Eversource Energy to trade 1.12% lower — all else being equal — when ES shares open for trading on 12/15/23. Similarly, investors should look for DTE to open 0.93% lower in price and for DTM to open 1.27% lower, all else being equal.
Below are dividend history charts for ES, DTE, and DTM, showing historical dividends prior to the most recent ones declared.
Eversource Energy (Symbol: ES):
DTE Energy Co (Symbol: DTE):
DT Midstream Inc (Symbol: DTM):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.48% for Eversource Energy, 3.71% for DTE Energy Co, and 5.09% for DT Midstream Inc.
In Wednesday trading, Eversource Energy shares are currently off about 0.9%, DTE Energy Co shares are off about 0.1%, and DT Midstream Inc shares are down about 1.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Top Ten Hedge Funds Holding CNSI
VLDR Historical Stock Prices
FTCS shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of ES's recent stock price of $60.21, this dividend works out to approximately 1.12%, so look for shares of Eversource Energy to trade 1.12% lower — all else being equal — when ES shares open for trading on 12/15/23. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. dividend stocks should be on your radar screen » Also see: Top Ten Hedge Funds Holding CNSI VLDR Historical Stock Prices FTCS shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Eversource Energy (Symbol: ES), DTE Energy Co (Symbol: DTE), and DT Midstream Inc (Symbol: DTM) will all trade ex-dividend for their respective upcoming dividends. Eversource Energy will pay its quarterly dividend of $0.675 on 12/29/23, DTE Energy Co will pay its quarterly dividend of $1.02 on 1/15/24, and DT Midstream Inc will pay its quarterly dividend of $0.69 on 1/15/24. Eversource Energy (Symbol: ES): DTE Energy Co (Symbol: DTE): DT Midstream Inc (Symbol: DTM): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Eversource Energy (Symbol: ES), DTE Energy Co (Symbol: DTE), and DT Midstream Inc (Symbol: DTM) will all trade ex-dividend for their respective upcoming dividends. Eversource Energy will pay its quarterly dividend of $0.675 on 12/29/23, DTE Energy Co will pay its quarterly dividend of $1.02 on 1/15/24, and DT Midstream Inc will pay its quarterly dividend of $0.69 on 1/15/24. Eversource Energy (Symbol: ES): DTE Energy Co (Symbol: DTE): DT Midstream Inc (Symbol: DTM): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of ES's recent stock price of $60.21, this dividend works out to approximately 1.12%, so look for shares of Eversource Energy to trade 1.12% lower — all else being equal — when ES shares open for trading on 12/15/23. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.48% for Eversource Energy, 3.71% for DTE Energy Co, and 5.09% for DT Midstream Inc.
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6d217fb8-fa2b-461e-8d6b-fb91faa80b33
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711831.0
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2023-12-13 00:00:00 UTC
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Ex-Dividend Reminder: Lamar Advertising, Prologis and John Bean Technologies
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-lamar-advertising-prologis-and-john-bean-technologies
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Lamar Advertising Co (Symbol: LAMR), Prologis Inc (Symbol: PLD), and John Bean Technologies Corp (Symbol: JBT) will all trade ex-dividend for their respective upcoming dividends. Lamar Advertising Co will pay its quarterly dividend of $1.25 on 12/29/23, Prologis Inc will pay its quarterly dividend of $0.87 on 12/29/23, and John Bean Technologies Corp will pay its quarterly dividend of $0.10 on 1/2/24. As a percentage of LAMR's recent stock price of $104.56, this dividend works out to approximately 1.20%, so look for shares of Lamar Advertising Co to trade 1.20% lower — all else being equal — when LAMR shares open for trading on 12/15/23. Similarly, investors should look for PLD to open 0.71% lower in price and for JBT to open 0.10% lower, all else being equal.
Below are dividend history charts for LAMR, PLD, and JBT, showing historical dividends prior to the most recent ones declared.
Lamar Advertising Co (Symbol: LAMR):
Prologis Inc (Symbol: PLD):
John Bean Technologies Corp (Symbol: JBT):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.78% for Lamar Advertising Co, 2.85% for Prologis Inc, and 0.38% for John Bean Technologies Corp.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Lamar Advertising Co shares are currently off about 0.1%, Prologis Inc shares are up about 0.1%, and John Bean Technologies Corp shares are off about 0.9% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
PE History
JJCB Options Chain
IGIC Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 4.78% for Lamar Advertising Co, 2.85% for Prologis Inc, and 0.38% for John Bean Technologies Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Lamar Advertising Co shares are currently off about 0.1%, Prologis Inc shares are up about 0.1%, and John Bean Technologies Corp shares are off about 0.9% on the day. dividend stocks should be on your radar screen » Also see: PE History JJCB Options Chain IGIC Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Lamar Advertising Co (Symbol: LAMR), Prologis Inc (Symbol: PLD), and John Bean Technologies Corp (Symbol: JBT) will all trade ex-dividend for their respective upcoming dividends. Lamar Advertising Co will pay its quarterly dividend of $1.25 on 12/29/23, Prologis Inc will pay its quarterly dividend of $0.87 on 12/29/23, and John Bean Technologies Corp will pay its quarterly dividend of $0.10 on 1/2/24. Lamar Advertising Co (Symbol: LAMR): Prologis Inc (Symbol: PLD): John Bean Technologies Corp (Symbol: JBT): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Lamar Advertising Co (Symbol: LAMR), Prologis Inc (Symbol: PLD), and John Bean Technologies Corp (Symbol: JBT) will all trade ex-dividend for their respective upcoming dividends. Lamar Advertising Co will pay its quarterly dividend of $1.25 on 12/29/23, Prologis Inc will pay its quarterly dividend of $0.87 on 12/29/23, and John Bean Technologies Corp will pay its quarterly dividend of $0.10 on 1/2/24. If they do continue, the current estimated yields on annualized basis would be 4.78% for Lamar Advertising Co, 2.85% for Prologis Inc, and 0.38% for John Bean Technologies Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Lamar Advertising Co shares are currently off about 0.1%, Prologis Inc shares are up about 0.1%, and John Bean Technologies Corp shares are off about 0.9% on the day.
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As a percentage of LAMR's recent stock price of $104.56, this dividend works out to approximately 1.20%, so look for shares of Lamar Advertising Co to trade 1.20% lower — all else being equal — when LAMR shares open for trading on 12/15/23. Lamar Advertising Co (Symbol: LAMR): Prologis Inc (Symbol: PLD): John Bean Technologies Corp (Symbol: JBT): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 4.78% for Lamar Advertising Co, 2.85% for Prologis Inc, and 0.38% for John Bean Technologies Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Lamar Advertising Co shares are currently off about 0.1%, Prologis Inc shares are up about 0.1%, and John Bean Technologies Corp shares are off about 0.9% on the day.
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ec014708-1401-4f72-a696-5ce42c27ff20
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711832.0
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2023-12-13 00:00:00 UTC
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Validea's Top Health Care Stocks Based On Benjamin Graham - 12/13/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-health-care-stocks-based-on-benjamin-graham-12-13-2023
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nan
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nan
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The following are the top rated Health Care stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
ORASURE TECHNOLOGIES, INC. (OSUR) is a small-cap value stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: OraSure Technologies, Inc. is engaged in the development and distribution of rapid diagnostic tests, sample collection and stabilization devices, and molecular services solutions. The Company operates through two segments: the Diagnostics segment and the Molecular Solutions segment. The Diagnostics business primarily consists of the development, manufacture, marketing, and sale of simple, easy-to-use diagnostic products and specimen collection devices using its proprietary technologies, as well as other diagnostic products including immunoassays and other in vitro diagnostic tests that are used on other specimen types. The Molecular Solutions business is operated by Company's subsidiaries, DNA Genotek, Diversigen, and Novosanis. The Molecular Solutions segment products primarily consist of collection kits and services used by clinical laboratories, direct-to-consumer laboratories, researchers, pharmaceutical companies, and animal health service and product providers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: FAIL
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of ORASURE TECHNOLOGIES, INC.
OSUR Guru Analysis
OSUR Fundamental Analysis
REGENERON PHARMACEUTICALS INC (REGN) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Regeneron Pharmaceuticals, Inc. is an integrated biotechnology company that discovers, invents, develops, manufactures, and commercializes medicines for serious diseases. The Company's commercialized medicines and product candidates in development are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases. It helps in accelerating and improving the traditional drug development process through its VelociSuite technologies, such as VelocImmune, which uses genetically humanized mice to produce optimized fully human antibodies and bispecific antibodies, and through research initiatives, such as Regeneron Genetics Center. It operates gene therapy programs targeting different forms of congenital, monogenic hearing loss. Its advanced clinical-stage candidate is DB-OTO, which is an investigational cell-selective, adeno-associated virus (AAV) gene therapy.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of REGENERON PHARMACEUTICALS INC
REGN Guru Analysis
REGN Fundamental Analysis
ARCTURUS THERAPEUTICS HOLDINGS INC (ARCT) is a small-cap value stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arcturus Therapeutics Holdings Inc. is a global late-stage clinical messenger RNA medicines and vaccine company. The Company is focused on the development of infectious disease vaccines and significant opportunities within liver and respiratory rare diseases. In addition to its messenger RNA (mRNA) platform, its lipid nanoparticle (LNP) delivery system, LUNAR, has the potential to enable multiple nucleic acid medicines, and its self-amplifying mRNA technology (Self-Transcribing and Replicating RNA (STARR), technology) has the potential to provide longer-lasting RNA and sustained protein expression at lower dose level. It is leveraging its LUNAR platform and its nucleic acid technologies to develop and advance a pipeline of mRNA-based vaccines and therapeutics for infectious diseases and rare genetic disorders with significant unmet medical needs. Its COVID-19 vaccine candidate, which is based on its STARR technology platform is through Phase II clinical trials.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: FAIL
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of ARCTURUS THERAPEUTICS HOLDINGS INC
ARCT Guru Analysis
ARCT Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It is leveraging its LUNAR platform and its nucleic acid technologies to develop and advance a pipeline of mRNA-based vaccines and therapeutics for infectious diseases and rare genetic disorders with significant unmet medical needs. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of ORASURE TECHNOLOGIES, INC. OSUR Guru Analysis OSUR Fundamental Analysis REGENERON PHARMACEUTICALS INC (REGN) is a large-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of REGENERON PHARMACEUTICALS INC REGN Guru Analysis REGN Fundamental Analysis ARCTURUS THERAPEUTICS HOLDINGS INC (ARCT) is a small-cap value stock in the Biotechnology & Drugs industry. Detailed Analysis of ARCTURUS THERAPEUTICS HOLDINGS INC ARCT Guru Analysis ARCT Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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Detailed Analysis of ORASURE TECHNOLOGIES, INC. OSUR Guru Analysis OSUR Fundamental Analysis REGENERON PHARMACEUTICALS INC (REGN) is a large-cap growth stock in the Biotechnology & Drugs industry. The Company's commercialized medicines and product candidates in development are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases. Detailed Analysis of ARCTURUS THERAPEUTICS HOLDINGS INC ARCT Guru Analysis ARCT Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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Company Description: OraSure Technologies, Inc. is engaged in the development and distribution of rapid diagnostic tests, sample collection and stabilization devices, and molecular services solutions. It is leveraging its LUNAR platform and its nucleic acid technologies to develop and advance a pipeline of mRNA-based vaccines and therapeutics for infectious diseases and rare genetic disorders with significant unmet medical needs. Detailed Analysis of ARCTURUS THERAPEUTICS HOLDINGS INC ARCT Guru Analysis ARCT Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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85a11c3a-b11b-433f-b1fa-1e767049bbe3
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711833.0
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2023-12-13 00:00:00 UTC
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S&P 500 Movers: PFE, VRTX
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DCOMP
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https://www.nasdaq.com/articles/sp-500-movers%3A-pfe-vrtx
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nan
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nan
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In early trading on Wednesday, shares of Vertex Pharmaceuticals topped the list of the day's best performing components of the S&P 500 index, trading up 8.0%. Year to date, Vertex Pharmaceuticals, registers a 33.7% gain.
And the worst performing S&P 500 component thus far on the day is Pfizer, trading down 9.0%. Pfizer is lower by about 49.3% looking at the year to date performance.
Two other components making moves today are Moderna, trading down 4.8%, and MSCI, trading up 3.5% on the day.
VIDEO: S&P 500 Movers: PFE, VRTX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Year to date, Vertex Pharmaceuticals, registers a 33.7% gain. And the worst performing S&P 500 component thus far on the day is Pfizer, trading down 9.0%. VIDEO: S&P 500 Movers: PFE, VRTX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Wednesday, shares of Vertex Pharmaceuticals topped the list of the day's best performing components of the S&P 500 index, trading up 8.0%. Year to date, Vertex Pharmaceuticals, registers a 33.7% gain. And the worst performing S&P 500 component thus far on the day is Pfizer, trading down 9.0%.
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In early trading on Wednesday, shares of Vertex Pharmaceuticals topped the list of the day's best performing components of the S&P 500 index, trading up 8.0%. And the worst performing S&P 500 component thus far on the day is Pfizer, trading down 9.0%. Two other components making moves today are Moderna, trading down 4.8%, and MSCI, trading up 3.5% on the day.
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In early trading on Wednesday, shares of Vertex Pharmaceuticals topped the list of the day's best performing components of the S&P 500 index, trading up 8.0%. And the worst performing S&P 500 component thus far on the day is Pfizer, trading down 9.0%. VIDEO: S&P 500 Movers: PFE, VRTX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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495d993f-5844-48b5-b5ff-5a0a725ab669
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711834.0
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2023-12-13 00:00:00 UTC
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Medifast Down 9% After Signing Partnership With LifeMD For Weight Mgmt Solution
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DCOMP
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https://www.nasdaq.com/articles/medifast-down-9-after-signing-partnership-with-lifemd-for-weight-mgmt-solution
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nan
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nan
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(RTTNews) - Medifast, Inc. (MED) shares are sliding more than 9 percent on Wednesday morning trade after the company agreed to partner with LifeMD for weight management solutions. As per the agreement, LifeMD will offer its patients an independent OPTAVIA Coach and other lifestyle support services.
Further, Medifast has invested $20 million into LifeMD.
Currently, MED shares are down 9.28 percent at $68.41, from its previous close of $75.41 on a volume of 133,088.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Medifast, Inc. (MED) shares are sliding more than 9 percent on Wednesday morning trade after the company agreed to partner with LifeMD for weight management solutions. As per the agreement, LifeMD will offer its patients an independent OPTAVIA Coach and other lifestyle support services. Currently, MED shares are down 9.28 percent at $68.41, from its previous close of $75.41 on a volume of 133,088.
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(RTTNews) - Medifast, Inc. (MED) shares are sliding more than 9 percent on Wednesday morning trade after the company agreed to partner with LifeMD for weight management solutions. Currently, MED shares are down 9.28 percent at $68.41, from its previous close of $75.41 on a volume of 133,088. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Medifast, Inc. (MED) shares are sliding more than 9 percent on Wednesday morning trade after the company agreed to partner with LifeMD for weight management solutions. As per the agreement, LifeMD will offer its patients an independent OPTAVIA Coach and other lifestyle support services. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Medifast, Inc. (MED) shares are sliding more than 9 percent on Wednesday morning trade after the company agreed to partner with LifeMD for weight management solutions. As per the agreement, LifeMD will offer its patients an independent OPTAVIA Coach and other lifestyle support services. Further, Medifast has invested $20 million into LifeMD.
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518bb3f4-b3f0-4ba9-a52c-11fcc0e1830b
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711835.0
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2023-12-13 00:00:00 UTC
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Ex-Dividend Reminder: CONMED, Huntington Bancshares and Berkley
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-conmed-huntington-bancshares-and-berkley
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, CONMED Corp (Symbol: CNMD), Huntington Bancshares Inc (Symbol: HBAN), and Berkley Corp (Symbol: WRB) will all trade ex-dividend for their respective upcoming dividends. CONMED Corp will pay its quarterly dividend of $0.20 on 1/5/24, Huntington Bancshares Inc will pay its quarterly dividend of $0.155 on 1/2/24, and Berkley Corp will pay its quarterly dividend of $0.11 on 12/27/23. As a percentage of CNMD's recent stock price of $108.82, this dividend works out to approximately 0.18%, so look for shares of CONMED Corp to trade 0.18% lower — all else being equal — when CNMD shares open for trading on 12/15/23. Similarly, investors should look for HBAN to open 1.31% lower in price and for WRB to open 0.15% lower, all else being equal.
Below are dividend history charts for CNMD, HBAN, and WRB, showing historical dividends prior to the most recent ones declared.
CONMED Corp (Symbol: CNMD):
Huntington Bancshares Inc (Symbol: HBAN):
Berkley Corp (Symbol: WRB):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.74% for CONMED Corp, 5.23% for Huntington Bancshares Inc, and 0.60% for Berkley Corp.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, CONMED Corp shares are currently up about 0.4%, Huntington Bancshares Inc shares are off about 0.8%, and Berkley Corp shares are up about 0.9% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
ADK Insider Buying
Top Ten Hedge Funds Holding GPK
HOOK Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 0.74% for CONMED Corp, 5.23% for Huntington Bancshares Inc, and 0.60% for Berkley Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, CONMED Corp shares are currently up about 0.4%, Huntington Bancshares Inc shares are off about 0.8%, and Berkley Corp shares are up about 0.9% on the day. dividend stocks should be on your radar screen » Also see: ADK Insider Buying Top Ten Hedge Funds Holding GPK HOOK Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, CONMED Corp (Symbol: CNMD), Huntington Bancshares Inc (Symbol: HBAN), and Berkley Corp (Symbol: WRB) will all trade ex-dividend for their respective upcoming dividends. CONMED Corp will pay its quarterly dividend of $0.20 on 1/5/24, Huntington Bancshares Inc will pay its quarterly dividend of $0.155 on 1/2/24, and Berkley Corp will pay its quarterly dividend of $0.11 on 12/27/23. CONMED Corp (Symbol: CNMD): Huntington Bancshares Inc (Symbol: HBAN): Berkley Corp (Symbol: WRB): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, CONMED Corp (Symbol: CNMD), Huntington Bancshares Inc (Symbol: HBAN), and Berkley Corp (Symbol: WRB) will all trade ex-dividend for their respective upcoming dividends. CONMED Corp will pay its quarterly dividend of $0.20 on 1/5/24, Huntington Bancshares Inc will pay its quarterly dividend of $0.155 on 1/2/24, and Berkley Corp will pay its quarterly dividend of $0.11 on 12/27/23. If they do continue, the current estimated yields on annualized basis would be 0.74% for CONMED Corp, 5.23% for Huntington Bancshares Inc, and 0.60% for Berkley Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, CONMED Corp shares are currently up about 0.4%, Huntington Bancshares Inc shares are off about 0.8%, and Berkley Corp shares are up about 0.9% on the day.
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As a percentage of CNMD's recent stock price of $108.82, this dividend works out to approximately 0.18%, so look for shares of CONMED Corp to trade 0.18% lower — all else being equal — when CNMD shares open for trading on 12/15/23. CONMED Corp (Symbol: CNMD): Huntington Bancshares Inc (Symbol: HBAN): Berkley Corp (Symbol: WRB): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 0.74% for CONMED Corp, 5.23% for Huntington Bancshares Inc, and 0.60% for Berkley Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, CONMED Corp shares are currently up about 0.4%, Huntington Bancshares Inc shares are off about 0.8%, and Berkley Corp shares are up about 0.9% on the day.
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c52779bc-4589-4f90-ab66-9a5a208fa378
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711836.0
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2023-12-13 00:00:00 UTC
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Will Carnival (CCL) Report Negative Q4 Earnings? What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/will-carnival-ccl-report-negative-q4-earnings-what-you-should-know
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Wall Street expects a year-over-year increase in earnings on higher revenues when Carnival (CCL) reports results for the quarter ended November 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This cruise operator is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of +83.5%.
Revenues are expected to be $5.31 billion, up 38.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 25.81% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Carnival?
For Carnival, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -6.31%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Carnival will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Carnival would post earnings of $0.73 per share when it actually produced earnings of $0.86, delivering a surprise of +17.81%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Carnival doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Carnival Corporation (CCL) : 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 this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Carnival, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects.
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The stock might move higher if these key numbers top expectations in the upcoming earnings report. For the last reported quarter, it was expected that Carnival would post earnings of $0.73 per share when it actually produced earnings of $0.86, delivering a surprise of +17.81%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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205fbfa0-818b-4fb2-81a9-09f54ebe81b6
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711837.0
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2023-12-13 00:00:00 UTC
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Dow Movers: JNJ, AAPL
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DCOMP
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https://www.nasdaq.com/articles/dow-movers%3A-jnj-aapl
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nan
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nan
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In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. Year to date, Apple registers a 51.2% gain.
And the worst performing Dow component thus far on the day is Johnson & Johnson, trading down 1.7%. Johnson & Johnson is lower by about 13.7% looking at the year to date performance.
Two other components making moves today are MMM, trading down 1.5%, and Microsoft, trading up 0.7% on the day.
VIDEO: Dow Movers: JNJ, AAPL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. Year to date, Apple registers a 51.2% gain. VIDEO: Dow Movers: JNJ, AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. Year to date, Apple registers a 51.2% gain. And the worst performing Dow component thus far on the day is Johnson & Johnson, trading down 1.7%.
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In early trading on Wednesday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. And the worst performing Dow component thus far on the day is Johnson & Johnson, trading down 1.7%. Johnson & Johnson is lower by about 13.7% looking at the year to date performance.
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And the worst performing Dow component thus far on the day is Johnson & Johnson, trading down 1.7%. Johnson & Johnson is lower by about 13.7% looking at the year to date performance. VIDEO: Dow Movers: JNJ, AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7bf78fc5-1e46-4983-b924-41baa715607d
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711838.0
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2023-12-13 00:00:00 UTC
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Is Lumentum a Top Stock to Buy in 2024?
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DCOMP
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https://www.nasdaq.com/articles/is-lumentum-a-top-stock-to-buy-in-2024
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nan
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Lumentum's (NASDAQ: LITE) stock price has declined nearly 50% over the past three years. The maker of optical chips and lasers lost its luster as its revenue growth cooled off, its margins shrank, and it faced fresh competitive threats.
Since investing often involves looking toward the potential for future growth, should investors consider buying Lumentum as a turnaround play for 2024? Let's look at its previous challenges, its plans for growth, and its valuation to find out.
Image source: Getty Images.
What happened to Lumentum over the past five years?
In fiscal 2023 (which ended this July), Lumentum generated 88% of its revenue from its optical communications segment. This business produces optical chips for service providers, as well as 3D-sensing VCSEL (vertical-cavity surface-emitting laser) chips for mobile devices, cars, 3D printers, and other industrial machines. The remaining 12% of its revenue came from commercial manufacturing lasers. Here's how those two core businesses fared over the past five years.
METRIC
FY 2019
FY 2020
FY 2021
FY 2022
FY 2023
Optical communications revenue growth
29%
11%
7%
(6%)
3%
Lasers revenue growth
4%
(16%)
(25%)
59%
8%
Total revenue growth
26%
7%
4%
(2%)
3%
Data source: Lumentum.
The growth of its optical communications segment accelerated in fiscal 2019 as Apple (NASDAQ: AAPL) started installing its VCSEL chips in its iPhones. Other smartphone makers followed Apple's lead and started buying its VCSEL chips.
But over the following three years, the smartphone market cooled off. Apple also split Lumentum's VCSEL orders with Coherent (NYSE: COHR) and Sony (NYSE: SONY). As a result, the Mac maker's contribution to Lumentum's top line dropped from 30% in fiscal 2021 to 12% in fiscal 2023. At the same time, Apple reportedly increased Sony's share of its total VCSEL orders for the iPhone 15 because its chips were faster and more power efficient.
The U.S. trade restrictions against China also forced Lumentum to stop selling chips to Huawei, which had accounted for 11% of its revenue in fiscal 2021. That percentage dropped to zero over the following two years. Finally, macro headwinds over the past two years throttled its sales of optical chips to service providers, industrial customers, and telecom equipment giants like Ciena and Nokia, which together accounted for 26% of its revenue in fiscal 2023.
That gradual recovery of its commercial laser business, which suffered major disruptions during the pandemic, couldn't offset the sluggish growth of its optical communications segment. That slowdown drove it to buy NeoPhotonics and Cloud Light -- which both serve the higher-growth cloud and data center markets -- over the past two years to diversify its customer base.
Can Lumentum impress the bulls again?
For fiscal 2024, analysts expect Lumentum's revenue to decline 17% to $1.47 billion, even as it adds Cloud Light to its newly formed "cloud and networking" unit (formerly known as its optical communications unit). Lumentum also racked up a net loss of $132 million in fiscal 2023, and analysts project an even wider net loss of $189 million in fiscal 2024.
The company's slowing revenue growth, recent acquisitions, rising mix of lower-margin products, and underutilization of its factories all crushed its gross and operating margins in fiscal 2023. Analysts expect that pressure to persist and reduce its adjusted operating margin from 19.2% in fiscal 2023 to just 4.9% in fiscal 2024.
Those bleak forecasts indicate that Lumentum hasn't reached the trough of its cyclical downturn yet. It's preparing for a future without Apple as it expands its portfolio of higher-speed optical devices for cloud and data center customers, but those new businesses simply aren't generating enough revenue to offset its other weaknesses yet.
Its valuation isn't compelling yet
With an enterprise value of $4.5 billion, Lumentum might seem reasonably valued at 3 times this year's sales and 28 times its forward-adjusted earnings. But it isn't cheap yet, and it's easy to find other tech stocks that have more growth potential or are trading at lower valuations. It also lacks clear competitive advantages against Sony and Coherent in the VCSEL market. Simply put, I believe Lumentum's decline over the past three years was justified, and I don't see any compelling reasons to buy its stock as a turnaround play for 2024.
Should you invest $1,000 in Lumentum right now?
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Leo Sun has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Coherent and Lumentum. 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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Finally, macro headwinds over the past two years throttled its sales of optical chips to service providers, industrial customers, and telecom equipment giants like Ciena and Nokia, which together accounted for 26% of its revenue in fiscal 2023. The company's slowing revenue growth, recent acquisitions, rising mix of lower-margin products, and underutilization of its factories all crushed its gross and operating margins in fiscal 2023. It's preparing for a future without Apple as it expands its portfolio of higher-speed optical devices for cloud and data center customers, but those new businesses simply aren't generating enough revenue to offset its other weaknesses yet.
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Optical communications revenue growth 29% 11% 7% (6%) 3% Lasers revenue growth 4% (16%) (25%) 59% 8% Total revenue growth 26% 7% 4% (2%) 3% Data source: Lumentum. Apple also split Lumentum's VCSEL orders with Coherent (NYSE: COHR) and Sony (NYSE: SONY). It's preparing for a future without Apple as it expands its portfolio of higher-speed optical devices for cloud and data center customers, but those new businesses simply aren't generating enough revenue to offset its other weaknesses yet.
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Optical communications revenue growth 29% 11% 7% (6%) 3% Lasers revenue growth 4% (16%) (25%) 59% 8% Total revenue growth 26% 7% 4% (2%) 3% Data source: Lumentum. For fiscal 2024, analysts expect Lumentum's revenue to decline 17% to $1.47 billion, even as it adds Cloud Light to its newly formed "cloud and networking" unit (formerly known as its optical communications unit). Before you buy stock in Lumentum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Lumentum wasn't one of them.
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What happened to Lumentum over the past five years? Optical communications revenue growth 29% 11% 7% (6%) 3% Lasers revenue growth 4% (16%) (25%) 59% 8% Total revenue growth 26% 7% 4% (2%) 3% Data source: Lumentum. Before you buy stock in Lumentum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Lumentum wasn't one of them.
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04aef7c0-6c6f-4f84-9aa5-100e2c8f95a8
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711839.0
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2023-12-13 00:00:00 UTC
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Validea's Top Health Care Stocks Based On Martin Zweig - 12/13/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-health-care-stocks-based-on-martin-zweig-12-13-2023
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nan
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The following are the top rated Health Care stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
INCYTE CORPORATION (INCY) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Incyte Corporation is a biopharmaceutical company, which is focused on the discovery, development, and commercialization of therapeutics. The Company also conducts commercial and clinical development operations from its European headquarters in Morges, Switzerland, and Japanese office in Tokyo and Canadian headquarters in Montreal. It operates in two therapeutic areas, One therapeutic area is Hematology/Oncology, which is comprised of Myeloproliferative Neoplasms and Graft-Versus-Host Disease, as well as solid tumors and hematologic malignancies. The other therapeutic area is Inflammation and Autoimmunity, which includes its Dermatology commercial franchise. Its hematology and oncology franchise are comprised of four products, which are JAKAFI (ruxolitinib), MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab), PEMAZYRE (pemigatinib) and ICLUSIG (ponatinib), as well as other clinical development programs. Its Dermatology commercial franchise is comprised of OPZELURA (ruxolitinib) cream.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of INCYTE CORPORATION
INCY Guru Analysis
INCY Fundamental Analysis
DAVITA INC (DVA) is a mid-cap growth stock in the Healthcare Facilities industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DaVita Inc. is a healthcare provider. The Company provides kidney care services in the United States. The Company's operations are comprised of its U.S. dialysis and related lab services business (its U.S. dialysis business), its U.S. integrated kidney care business, its U.S. other ancillary services and its international operations (its ancillary services). The U.S. dialysis and related lab services (U.S. dialysis) business treats patients with chronic kidney failure, and end-stage kidney disease (ESKD). Its services include outpatient hemodialysis services, hospital inpatient hemodialysis services, and home-based dialysis services. The ancillary services consist of integrated kidney care services, physician services, clinical research programs, and transplant software business, as well as international operations. The Company operates approximately 2,724 outpatient dialysis centers in the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DAVITA INC
DVA Guru Analysis
DVA Fundamental Analysis
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its hematology and oncology franchise are comprised of four products, which are JAKAFI (ruxolitinib), MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab), PEMAZYRE (pemigatinib) and ICLUSIG (ponatinib), as well as other clinical development programs. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of INCYTE CORPORATION INCY Guru Analysis INCY Fundamental Analysis DAVITA INC (DVA) is a mid-cap growth stock in the Healthcare Facilities industry. The Company's operations are comprised of its U.S. dialysis and related lab services business (its U.S. dialysis business), its U.S. integrated kidney care business, its U.S. other ancillary services and its international operations (its ancillary services). Detailed Analysis of DAVITA INC DVA Guru Analysis DVA Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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The Company's operations are comprised of its U.S. dialysis and related lab services business (its U.S. dialysis business), its U.S. integrated kidney care business, its U.S. other ancillary services and its international operations (its ancillary services). The ancillary services consist of integrated kidney care services, physician services, clinical research programs, and transplant software business, as well as international operations. Detailed Analysis of DAVITA INC DVA Guru Analysis DVA Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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The following are the top rated Health Care stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. Company Description: Incyte Corporation is a biopharmaceutical company, which is focused on the discovery, development, and commercialization of therapeutics. Detailed Analysis of INCYTE CORPORATION INCY Guru Analysis INCY Fundamental Analysis DAVITA INC (DVA) is a mid-cap growth stock in the Healthcare Facilities industry.
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e2559ba3-6ca8-496a-b1b3-b57fc2364003
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711840.0
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2023-12-13 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-234
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Salesforce.com (CRM)
Headquartered in San Francisco, Salesforce, Inc., founded in 1999, is the leading provider of on-demand Customer Relationship Management (CRM) software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development.
CRM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. CRM has a Momentum Style Score of A, and shares are up 16% over the past four weeks.
For fiscal 2024, 17 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $8.19 per share. CRM boasts an average earnings surprise of 10.9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CRM should be on investors' short list.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Salesforce Inc. (CRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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What are the Zacks Style Scores? That's where the Style Scores come in. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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1e309929-deea-4294-81ec-eae054cfd0df
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711841.0
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2023-12-13 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-233
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Owens Corning (OC)
Owens Corning is a world leader in building materials systems and composite solutions. Since its inception in 1938, the company has evolved as a market-leading innovator of glass fiber technology. Its products include glass fiber that is used to support composite materials for transportation, electronics, marine, infrastructure, wind energy and other high-performance markets for insulation as well as roofing for residential, commercial and industrial applications.
OC is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Construction stock. OC has a Momentum Style Score of A, and shares are up 9.7% over the past four weeks.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.27 to $13.86 per share. OC boasts an average earnings surprise of 17.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, OC should be on investors' short list.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Owens Corning Inc (OC) : 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.
|
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. Its products include glass fiber that is used to support composite materials for transportation, electronics, marine, infrastructure, wind energy and other high-performance markets for insulation as well as roofing for residential, commercial and industrial applications. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. Click to get this free report Owens Corning Inc (OC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
|
What are the Zacks Style Scores? That's where the Style Scores come in. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
|
763f71c1-5199-40fa-825b-63ca41ce1ec6
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711842.0
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2023-12-13 00:00:00 UTC
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Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-257
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Woodward (WWD)
Headquartered in Fort Collins, CO, Woodward, Inc. is an independent designer, manufacturer and service provider of energy control and optimization solutions. The company provides a wide array of products for fuel, combustion, fluid, actuation and electronic applications, which serve the commercial aerospace, business jet, military and energy markets. Apart from serving original equipment manufacturers (OEMs), it also engages in aftermarket repairs, replacements and other service support operations.
WWD is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Computer and Technology stock. WWD has a Momentum Style Score of A, and shares are up 0.8% over the past four weeks.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.32 to $4.92 per share. WWD boasts an average earnings surprise of 14.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, WWD should be on investors' short list.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Woodward, Inc. (WWD) : 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.
|
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. The company provides a wide array of products for fuel, combustion, fluid, actuation and electronic applications, which serve the commercial aerospace, business jet, military and energy markets.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Style Scores are broken down into four categories: Value Score Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. Click to get this free report Woodward, Inc. (WWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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92b1c2a5-daa7-4865-9bef-9a36c33a5aed
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711843.0
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2023-12-13 00:00:00 UTC
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Here's Why Leidos (LDOS) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-leidos-ldos-is-a-strong-momentum-stock
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Leidos (LDOS)
Founded in 1969, Delaware-based Leidos Holdings, Inc. is a global science and technology leader that serves the defense, intelligence, civil and health markets. Its core capabilities include providing solutions in the fields of cybersecurity; data analytics; enterprise IT modernization; operations and logistics; sensors, collection and phenomenology; software development; and systems engineering. Outside the United State, the company’s international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia.
LDOS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Aerospace stock. LDOS has a Momentum Style Score of B, and shares are up 3.8% over the past four weeks.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.38 to $7.02 per share. LDOS also boasts an average earnings surprise of 11.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, LDOS should be on investors' short list.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Leidos Holdings, Inc. (LDOS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Its core capabilities include providing solutions in the fields of cybersecurity; data analytics; enterprise IT modernization; operations and logistics; sensors, collection and phenomenology; software development; and systems engineering. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. Click to get this free report Leidos Holdings, Inc. (LDOS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
|
That's where the Style Scores come in. LDOS is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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6c675429-d7db-46f0-b221-3b4553dd3d6c
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711844.0
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2023-12-13 00:00:00 UTC
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McDonald's Is Testing a Beverage Chain Concept. Why That Could Be Game-Changing for the Company.
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DCOMP
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https://www.nasdaq.com/articles/mcdonalds-is-testing-a-beverage-chain-concept.-why-that-could-be-game-changing-for-the
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nan
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nan
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McDonald's (NYSE: MCD) will soon test a concept for a small-format beverage concept called CosMc's. It has opened a test location in Bolingbrook, Illinois, soon followed by other test locations in the San Antonio and Dallas/Fort Worth areas.
Admittedly, since the company plans to test the format for now, it will likely not affect the stock immediately. But if it launches the concept nationwide, it could breathe new life into the restaurant stock. Here's why.
The possible importance of CosMc's to shareholders
A possible CosMc's franchise is more evident if one understands the McDonald's business model. The company relies heavily on franchise-related fees and rents, as it owns the buildings operated by franchise holders. It also collects a 4% fee on all restaurant sales, mitigating the impact of weak sales if business conditions worsen.
In the third quarter of 2023, franchise revenue made up about 60% of the company's $6.7 billion in revenue for the quarter. Most of the remainder came from the 5% of restaurants the company operates.
Conversely, company-owned restaurants accounted for 61% of operating expenses, leaving that part of the business with modest operating margins. For this reason, most of McDonald's $2.3 billion in net income in Q3 came from franchises.
Since comparable sales rose 9% yearly across the globe, the company is deriving meaningful revenue growth. However, with McDonald's saturating the U.S. and much of the world, the room to add stores is limited for now.
But if franchisers want to add CosMc's locations, McDonald's would collect a new round of initial franchising fees and have an incentive to buy additional locations that could bring new sources of rental income. Combine that with the aforementioned 4% fee of gross sales, and growth in the company could accelerate for years to come.
CosMc's strategy and why it could succeed
Still, for this scenario to become a reality, CosMc's has to succeed to the point that McDonald's would decide to franchise the concept. As a beverage shop, CosMc's would base much of its success on its coffee beverages. This places it in competition with Starbucks, Dutch Bros, Dunkin', and other beverage-oriented stores.
Despite competitive concerns, Grand View Research forecasts a compound annual growth rate of 11% for the specialty coffee industry through 2030, indicating that McDonald's could have an opportunity in one key area.
Moreover, coffee will not be the store's only beverage. It plans to make CosMc's "rooted in beverage exploration." Among the other drinks it plans to offer are the Sour Cherry Energy Slush and Tropical Spiceade. It also sells foods such as Spicy Queso sandwiches, Pretzel Bites, and Caramel Fudge Brownies.
Fortunately for investors, CosMc's has shown signs of early success, with customers waiting in hours-long lines at the Bolingbrook location. If it can sustain popularity and repeat this success elsewhere, it could bode very well for McDonald's and its shareholders.
CosMc's and McDonald's stock
CosMc's is unlikely to have a material effect on McDonald's stock immediately. It is in the testing phase, and if the company does not move forward with it, expect no significant changes to the case for or against McDonald's stock.
However, that could change if McDonald's franchises the CosMc's business model. That could spawn a franchising and real estate boom for McDonald's stock, dramatically increasing high-margin revenue. With the game-changing effect that could have on the franchise stock, McDonald's investors need to watch CosMc's for continuing signs of its success.
Should you invest $1,000 in McDonald's right now?
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*Stock Advisor returns as of December 7, 2023
Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Starbucks. 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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Despite competitive concerns, Grand View Research forecasts a compound annual growth rate of 11% for the specialty coffee industry through 2030, indicating that McDonald's could have an opportunity in one key area. Fortunately for investors, CosMc's has shown signs of early success, with customers waiting in hours-long lines at the Bolingbrook location. With the game-changing effect that could have on the franchise stock, McDonald's investors need to watch CosMc's for continuing signs of its success.
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But if franchisers want to add CosMc's locations, McDonald's would collect a new round of initial franchising fees and have an incentive to buy additional locations that could bring new sources of rental income. However, that could change if McDonald's franchises the CosMc's business model. Before you buy stock in McDonald's, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and McDonald's wasn't one of them.
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CosMc's and McDonald's stock CosMc's is unlikely to have a material effect on McDonald's stock immediately. With the game-changing effect that could have on the franchise stock, McDonald's investors need to watch CosMc's for continuing signs of its success. Before you buy stock in McDonald's, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and McDonald's wasn't one of them.
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In the third quarter of 2023, franchise revenue made up about 60% of the company's $6.7 billion in revenue for the quarter. Moreover, coffee will not be the store's only beverage. Before you buy stock in McDonald's, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and McDonald's wasn't one of them.
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24c99653-0b19-4db5-82ce-35af658ce434
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711845.0
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2023-12-13 00:00:00 UTC
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2 Big-Name Stocks Are Falling Wednesday -- Here's Why
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DCOMP
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https://www.nasdaq.com/articles/2-big-name-stocks-are-falling-wednesday-heres-why
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nan
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nan
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The stock market looked ready to keep climbing early Wednesday, even as investors were largely in wait-and-see mode during the last day of the Federal Reserve's current monetary policy meeting. Market participants want to know if the Fed is done with interest rate increases and how tightly it expects to hold rates at relatively high levels into 2024. Increasingly, investors have been optimistic that the worst is over on the inflation front, and that has helped launch major market benchmarks higher.
However, a couple of high-profile stocks in their respective industries posted significant losses to start the day. Drug giant Pfizer (NYSE: PFE) dropped as it announced its latest expectations for the full year. Meanwhile, Linde (NASDAQ: LIN) gave back most of its gains from earlier in the week. Here are the details on both moves and what's behind them.
Pfizer sees COVID-19-related product sales dropping again
Shares of Pfizer were down more than 7% early Wednesday morning. The pharmaceutical leader provided full-year guidance for 2024 that included some disappointing news, particularly in the wake of its recent acquisition of biotech company Seagen.
Pfizer previously said that it expects revenue for 2023 to come in between $58 billion and $61 billion, with adjusted earnings of $1.45 to $1.65 per share. In its new 2024 guidance, Pfizer expects its legacy pharmaceutical business to produce $54.5 billion to $57.5 billion in sales for the year. That should result in adjusted earnings attributable to pre-Seagen Pfizer of between $2.45 and $2.65 per share. Including Seagen and some reclassification of royalty income, total 2024 revenue should be between $58.5 billion and $61.5 billion, but the Seagen deal will cost the combined company about $0.40 per share in adjusted earnings due to financing costs.
Of that amount, about $8 billion will come from the Paxlovid treatment and Comirnaty vaccine for COVID-19. That's down from 2023's expected $12.5 billion, but the remainder of Pfizer's and Seagen's products should produce operational revenue growth in a range of 8% to 10%.
2023 has already been a massive adjustment year for Pfizer, as Comirnaty vaccine revenue plunged 70% from 2022 levels and Paxlovid suffered a 95% drop in sales. 2024's decline is more incremental in nature, but it was still enough to cause declines not just for Pfizer, but for vaccine stocks across the industry.
Linde sinks back down
Elsewhere, shares of industrial gas company Linde were down about 5% Wednesday morning. That wiped out most of the stock's gains from Tuesday, although the shares remain sharply higher for the year after having jumped to all-time highs earlier in the week.
Linde started out the week on the right foot as analysts at Morgan Stanley boosted their price target on the industrial gas stock. In the eyes of the Wall Street giant, Linde is set to benefit from the passage of the Inflation Reduction Act, as it should lead more players in the renewable energy field to look for new innovations to reduce carbon emissions. That prompted a $30 increase to Morgan Stanley's expectations for the stock, pushing the target up to $450 per share.
Linde's most recent move lower appears to be just a reaction to the stock's having hit record levels. Fundamentally, Linde remains on the upswing, with the company having most recently reported an increase in its liquid hydrogen production capacity at a plant in Alabama. Serving customers from manufacturing and electronics makers to space launch and mobility businesses, Linde has built up a diversified client base with high demand for its gases.
Even the best-performing stocks give back ground from time to time. For Linde, many see consistent growth extending well into the future.
Should you invest $1,000 in Pfizer right now?
Before you buy stock in Pfizer, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pfizer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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
Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Linde Plc and Pfizer. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stock market looked ready to keep climbing early Wednesday, even as investors were largely in wait-and-see mode during the last day of the Federal Reserve's current monetary policy meeting. In the eyes of the Wall Street giant, Linde is set to benefit from the passage of the Inflation Reduction Act, as it should lead more players in the renewable energy field to look for new innovations to reduce carbon emissions. Serving customers from manufacturing and electronics makers to space launch and mobility businesses, Linde has built up a diversified client base with high demand for its gases.
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In its new 2024 guidance, Pfizer expects its legacy pharmaceutical business to produce $54.5 billion to $57.5 billion in sales for the year. 2023 has already been a massive adjustment year for Pfizer, as Comirnaty vaccine revenue plunged 70% from 2022 levels and Paxlovid suffered a 95% drop in sales. Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pfizer wasn't one of them.
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Pfizer previously said that it expects revenue for 2023 to come in between $58 billion and $61 billion, with adjusted earnings of $1.45 to $1.65 per share. Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pfizer wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Dan Caplinger has no position in any of the stocks mentioned.
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Pfizer sees COVID-19-related product sales dropping again Shares of Pfizer were down more than 7% early Wednesday morning. Pfizer previously said that it expects revenue for 2023 to come in between $58 billion and $61 billion, with adjusted earnings of $1.45 to $1.65 per share. In its new 2024 guidance, Pfizer expects its legacy pharmaceutical business to produce $54.5 billion to $57.5 billion in sales for the year.
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58888f62-5898-4688-94b9-10e1a7ef726e
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711846.0
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2023-12-13 00:00:00 UTC
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Here's Why ProKidney Corp. (PROK) Is a Great 'Buy the Bottom' Stock Now
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DCOMP
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https://www.nasdaq.com/articles/heres-why-prokidney-corp.-prok-is-a-great-buy-the-bottom-stock-now
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nan
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nan
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A downtrend has been apparent in ProKidney Corp. (PROK) lately. While the stock has lost 13.2% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
Understanding Hammer Chart and the Technique to Trade It
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Makes the Trend Reversal More Likely for PROK
There has been an upward trend in earnings estimate revisions for PROK lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.
The consensus EPS estimate for the current year has increased 4.8% over the last 30 days. This means that the Wall Street analysts covering PROK are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
If this is not enough, you should note that PROK currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of ProKidney Corp. a Zacks Rank of 2 is a more conclusive fundamental indication of a potential turnaround.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
ProKidney Corp. (PROK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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While the stock has lost 13.2% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). Click to get this free report ProKidney Corp. (PROK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock. If this is not enough, you should note that PROK currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve.
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While the stock has lost 13.2% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. Here's What Makes the Trend Reversal More Likely for PROK There has been an upward trend in earnings estimate revisions for PROK lately, which can certainly be considered a bullish indicator on the fundamental side. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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203afefb-34a6-4223-b1d6-8b933623a23e
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711847.0
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2023-12-13 00:00:00 UTC
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Should You Buy AvidXchange Holdings, Inc. (AVDX) After Golden Cross?
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DCOMP
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https://www.nasdaq.com/articles/should-you-buy-avidxchange-holdings-inc.-avdx-after-golden-cross
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nan
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nan
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From a technical perspective, AvidXchange Holdings, Inc. (AVDX) is looking like an interesting pick, as it just reached a key level of support. AVDX's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
AVDX has rallied 13.7% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates AVDX could be poised for a breakout.
The bullish case solidifies once investors consider AVDX's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 4 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.
Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on AVDX for more gains in the near future.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AvidXchange Holdings, Inc. (AVDX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
AVDX's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Click to get this free report AvidXchange Holdings, Inc. (AVDX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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AVDX's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Click to get this free report AvidXchange Holdings, Inc. (AVDX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement. Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on AVDX for more gains in the near future. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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f16730d6-b2f2-44c3-a57a-d56d5b610934
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711848.0
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2023-12-13 00:00:00 UTC
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How Much Upside is Left in Immunocore Holdings PLC Sponsored ADR (IMCR)? Wall Street Analysts Think 30.32%
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DCOMP
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https://www.nasdaq.com/articles/how-much-upside-is-left-in-immunocore-holdings-plc-sponsored-adr-imcr-wall-street-0
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nan
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nan
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Immunocore Holdings PLC Sponsored ADR (IMCR) closed the last trading session at $61.87, gaining 26.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $80.63 indicates a 30.3% upside potential.
The average comprises 16 short-term price targets ranging from a low of $60 to a high of $92, with a standard deviation of $8.68. While the lowest estimate indicates a decline of 3% from the current price level, the most optimistic estimate points to a 48.7% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in IMCR. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why IMCR Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 4.3%.
Moreover, IMCR currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much IMCR could gain, the direction of price movement it implies does appear to be a good guide.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Immunocore Holdings PLC Sponsored ADR (IMCR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Immunocore Holdings PLC Sponsored ADR (IMCR) closed the last trading session at $61.87, gaining 26.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Immunocore Holdings PLC Sponsored ADR (IMCR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much IMCR could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $80.63 indicates a 30.3% upside potential. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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0b640dfd-082c-4066-b84e-8974b5cefb94
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711849.0
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2023-12-13 00:00:00 UTC
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Wall Street Analysts Believe Verve Therapeutics (VERV) Could Rally 260.31%: Here's is How to Trade
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-believe-verve-therapeutics-verv-could-rally-260.31%3A-heres-is-how-to
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nan
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nan
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Shares of Verve Therapeutics (VERV) have gained 12.5% over the past four weeks to close the last trading session at $12.12, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $43.67 indicates a potential upside of 260.3%.
The average comprises nine short-term price targets ranging from a low of $13 to a high of $75, with a standard deviation of $20.32. While the lowest estimate indicates an increase of 7.3% from the current price level, the most optimistic estimate points to a 518.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in VERV. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in VERV
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.6%.
Moreover, VERV currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much VERV could gain, the direction of price movement it implies does appear to be a good guide.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Verve Therapeutics, Inc. (VERV) : 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 Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces. Here's Why There Could be Plenty of Upside Left in VERV There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher.
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Shares of Verve Therapeutics (VERV) have gained 12.5% over the past four weeks to close the last trading session at $12.12, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Verve Therapeutics, Inc. (VERV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much VERV could gain, the direction of price movement it implies does appear to be a good guide.
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Going by the price targets, the mean estimate of $43.67 indicates a potential upside of 260.3%. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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5ee3093b-805c-4d1e-987a-d0e3ee85d68e
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711850.0
|
2023-12-13 00:00:00 UTC
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Does Smartsheet (SMAR) Have the Potential to Rally 25.16% as Wall Street Analysts Expect?
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DCOMP
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https://www.nasdaq.com/articles/does-smartsheet-smar-have-the-potential-to-rally-25.16-as-wall-street-analysts-expect
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nan
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nan
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Smartsheet (SMAR) closed the last trading session at $43.99, gaining 3.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $55.06 indicates a 25.2% upside potential.
The mean estimate comprises 16 short-term price targets with a standard deviation of $3.51. While the lowest estimate of $48 indicates a 9.1% increase from the current price level, the most optimistic analyst expects the stock to surge 36.4% to reach $60. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in SMAR. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in SMAR
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 16% over the past month, as six estimates have gone higher compared to no negative revision.
Moreover, SMAR currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much SMAR could gain, the direction of price movement it implies does appear to be a good guide.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Smartsheet (SMAR) : 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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Smartsheet (SMAR) closed the last trading session at $43.99, gaining 3.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
Smartsheet (SMAR) closed the last trading session at $43.99, gaining 3.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
|
Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much SMAR could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $55.06 indicates a 25.2% upside potential. However, an impressive consensus price target is not the only factor that indicates a potential upside in SMAR. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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f01eb82b-f111-41fa-ab58-2774d8e28246
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711851.0
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2023-12-13 00:00:00 UTC
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Wall Street Analysts See a 47.4% Upside in Archer Aviation Inc. (ACHR): Can the Stock Really Move This High?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-see-a-47.4-upside-in-archer-aviation-inc.-achr%3A-can-the-stock-really
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nan
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nan
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Shares of Archer Aviation Inc. (ACHR) have gained 6.2% over the past four weeks to close the last trading session at $6.35, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $9.36 indicates a potential upside of 47.4%.
The average comprises seven short-term price targets ranging from a low of $6.50 to a high of $12, with a standard deviation of $2.17. While the lowest estimate indicates an increase of 2.4% from the current price level, the most optimistic estimate points to an 89% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in ACHR. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why ACHR Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 2.5%, as one estimate has moved higher compared to no negative revision.
Moreover, ACHR currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much ACHR could gain, the direction of price movement it implies does appear to be a good guide.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Archer Aviation Inc. (ACHR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of Archer Aviation Inc. (ACHR) have gained 6.2% over the past four weeks to close the last trading session at $6.35, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ACHR could gain, the direction of price movement it implies does appear to be a good guide.
|
Going by the price targets, the mean estimate of $9.36 indicates a potential upside of 47.4%. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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92ac2139-eb45-4395-a5c0-5453bb61746e
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711852.0
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2023-12-13 00:00:00 UTC
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Wall Street Analysts Believe MediWound (MDWD) Could Rally 171.79%: Here's is How to Trade
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-believe-mediwound-mdwd-could-rally-171.79%3A-heres-is-how-to-trade
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nan
|
nan
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Shares of MediWound (MDWD) have gained 33.1% over the past four weeks to close the last trading session at $10.21, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $27.75 indicates a potential upside of 171.8%.
The average comprises four short-term price targets ranging from a low of $24 to a high of $36, with a standard deviation of $5.56. While the lowest estimate indicates an increase of 135.1% from the current price level, the most optimistic estimate points to a 252.6% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in MDWD. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in MDWD
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, two estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 34.8%.
Moreover, MDWD currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much MDWD could gain, the direction of price movement it implies does appear to be a good guide.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
MediWound Ltd. (MDWD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of MediWound (MDWD) have gained 33.1% over the past four weeks to close the last trading session at $10.21, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
Shares of MediWound (MDWD) have gained 33.1% over the past four weeks to close the last trading session at $10.21, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
|
Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much MDWD could gain, the direction of price movement it implies does appear to be a good guide.
|
Going by the price targets, the mean estimate of $27.75 indicates a potential upside of 171.8%. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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14cab5d6-9c61-4beb-b334-43196acc5ef8
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711853.0
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2023-12-13 00:00:00 UTC
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Wall Street Analysts Predict a 108.12% Upside in Enanta Pharmaceuticals (ENTA): Here's What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-predict-a-108.12-upside-in-enanta-pharmaceuticals-enta%3A-heres-what
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nan
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nan
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Enanta Pharmaceuticals (ENTA) closed the last trading session at $8.99, gaining 1.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $18.71 indicates a 108.1% upside potential.
The average comprises seven short-term price targets ranging from a low of $12 to a high of $28, with a standard deviation of $5.65. While the lowest estimate indicates an increase of 33.5% from the current price level, the most optimistic estimate points to a 211.5% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in ENTA. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why ENTA Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 44.5%, as four estimates have moved higher compared to no negative revision.
Moreover, ENTA currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much ENTA could gain, the direction of price movement it implies does appear to be a good guide.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Enanta Pharmaceuticals, Inc. (ENTA) : 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.
|
Enanta Pharmaceuticals (ENTA) closed the last trading session at $8.99, gaining 1.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Enanta Pharmaceuticals, Inc. (ENTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ENTA could gain, the direction of price movement it implies does appear to be a good guide.
|
The mean price target of $18.71 indicates a 108.1% upside potential. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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f2e1ee9e-8c6e-4be1-81c9-2ab53457282a
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711854.0
|
2023-12-13 00:00:00 UTC
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Wall Street Analysts Predict a 149.52% Upside in Fusion Pharmaceuticals Inc. (FUSN): Here's What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-predict-a-149.52-upside-in-fusion-pharmaceuticals-inc.-fusn%3A-heres
|
nan
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nan
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Shares of Fusion Pharmaceuticals Inc. (FUSN) have gained 25.9% over the past four weeks to close the last trading session at $5.25, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $13.10 indicates a potential upside of 149.5%.
The average comprises 10 short-term price targets ranging from a low of $9 to a high of $20, with a standard deviation of $3.90. While the lowest estimate indicates an increase of 71.4% from the current price level, the most optimistic estimate points to a 281% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in FUSN. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in FUSN
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, two estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 1.8%.
Moreover, FUSN currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much FUSN could gain, the direction of price movement it implies does appear to be a good guide.
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Fusion Pharmaceuticals Inc. (FUSN) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Fusion Pharmaceuticals Inc. (FUSN) have gained 25.9% over the past four weeks to close the last trading session at $5.25, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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Shares of Fusion Pharmaceuticals Inc. (FUSN) have gained 25.9% over the past four weeks to close the last trading session at $5.25, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Fusion Pharmaceuticals Inc. (FUSN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much FUSN could gain, the direction of price movement it implies does appear to be a good guide.
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Going by the price targets, the mean estimate of $13.10 indicates a potential upside of 149.5%. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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Pet Parents Keep Spending
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https://www.nasdaq.com/articles/pet-parents-keep-spending
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In this podcast, Motley Fool analyst Bill Barker and host Deidre Woollard discuss:
The power of Chewy's auto-ship service.
If Chewy's growth is too dependent on macro trends.
What factors could lead to a Dollar General turnaround.
Motley Fool host Mary Long talks with Dexcom CEO Kevin Sayer about the impact of weight loss drugs on diabetes care.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on Dec. 07, 2023.
Deidre Woollard: Are you giving your pets gifts for the holidays? You're not alone. Motley Fool Money starts now. Welcome to Motley Fool Money. I'm Deidre Woollard here with Motley Fool Analyst Bill Barker. Bill, how's it going today?
Bill Barker: It's going well. Thanks.
Deidre Woollard: Glad to hear it. Well, yesterday on the show, Dylan and Bill Mann, I believe, talked about people's food. We're going to start with talking about pet food with Chewy earnings, so Bill, I got to ask you, I know you have pets. I believe you have a dog. Are you a Chewy subscriber?
Bill Barker: I've seen some people rave about their Chewy's experience, but I get food delivered regularly by Amazon and haven't ever given it a thought as to why would change.
Deidre Woollard: Do you have a subscription with Amazon, or do you just buy food when the bowl is empty?
Bill Barker: There's a subscription for some of the food and other parts of the food when the bowl is empty. One of the dogs is on prescription food right now, so I can't just get that as easily as otherwise. But it's a problem for Chewy is that there aren't enough people like me thinking about getting multiple dogs out there. They need more customers it seems like.
Deidre Woollard: I think so. Well, it's interesting because you get the subscription, but you get it through Amazon and Autoship is huge for Chewy two, it's about 76% of their business according to their earnings, and I find that interesting because I have a cat who's also on prescription food and also gets prescription medicine because he's itchy, and so we have Chewy for the medicine, but not for the food. The medicine is a big part of Chewy's business as well. Seems like a bigger part. But you're right, the earnings were, they weren't great. The customer count was down by 1% That's not great. This is a pandemic darling. But what impressed me was how much money everybody continues to spend, net sales of $543 per customer up year, every year by around 14%. They're trying to grow customers, but they also are trying to keep people spending some of that is the pharmacy part. But are they putting too much faith in how much we love our pets? I don't know if you've seen those commercials that she always been running, but they make it seem we are just ready to spend everything on our animals.
Bill Barker: I guess if they're betting on an increased trend in what is termed, in some places, pet humanization, then that's one way to go. They are going to run into a limit on that before running into a limit on the possibility of acquiring more customers pointed out that there was a COVID darling. I think a lot of the growth was pulled forward. There was an interpretation of the mass adoption of pets as something that was the beginning of extended period of the growth in the pet markets rather than just a pulling forward of future growth, and the stock price reflected that in 2021 and not ever since. This is a stock that's been globeredis. Reality has been delivered rather than the fantasy that was hoped for by not just owners of this stock, but a lot of others that saw changes in behavior over a short period rather than fundamental changes in behavior over a longer period.
Deidre Woollard: That is one of the things that I'm asking myself about, about this stock as well, this one, and the one we'll talk about later. Not a good year for either, but one of the things I mentioned on the call was really strong Black Friday and Cyber Monday. It's gone down now since then. But this thing about people buying pets gifts, do you buy your dogs gifts?
Bill Barker: No. There have been some impulse purchases at times, but I've been asked by the kids, it's so and so's birthday. What are you getting her? I just take the cat, the dog. They don't know anything about that. They just want a little more food. That's what they really want. But certainly the opportunity to buy costumes at Halloween for your pet, it doesn't seem to be a thing that the pets want. But a lot of these gifts are things that people want more than the pets want.
Deidre Woollard: Well, Chewy's betting on this idea of pet parents, or paw parents, depending on who you talk to. With this idea that your pet is family and you have to treat them like family, which I don't know. I love my cat, but I'm not sure I consider myself my cat's parent. Looking at Chewy tough here in the market, as we've mentioned, part of that losses, this is what the market really didn't like, and they're still a really young company. They're still growing. They're expanding into Canada. They're working on streamlining all of their shipping and things like that. I'm wondering, do you think the market has less tolerance for a company that isn't a tech company? Because losses seem to hurt more if you're not making software, from what I can tell.
Bill Barker: Well, if you're not growing that fast and you're losing money, that's a bad combination, always has been. You can defer the making money while the growth is exceptional. But when the growth becomes something that you could measure against lots and lots of other things, and ones that are making money, you suffer by comparison. When you depart the category of 20, 30% whatever it might be, annual growth, and you wander into high single digit, very low double digit, which is about as high as you might rationally predict for Chewy. At this point, the question turns to how does that stack up in terms of profits and poorly is the answer today.
Deidre Woollard: Badly yes.
Bill Barker: Then you're, well, who are the most likely buyers and owners of the stock? It's people who buy the story and either have just unshakable faith in management, or think there's a hiccup going on or something like that. But you're getting into fewer and fewer buyers just when you don't have either strong growth or any profitability. Now, there's future profitability, I suppose, in this company if it focuses on that. But it's still saying that it's a good growth story.
Deidre Woollard: That is the interesting thing is that it was maybe being seen as less of what it is, which is, e commerce, and seeing it more as some new type of company. The question I'm asking myself about it is, were the expectations too big? Because we've seen that with a lot of the pandemic darling is that they had growth, and we just thought, oh, the sky is the limit, and then we came back to reality. It's like maybe this is a smaller business than we thought. You mentioned earlier the idea of people need to be getting more pets. I mean, that's one of the issues that is happening. Adoption rates are down. We're not getting as many pets as we did when we were all home during the pandemic, and one of the things that I think about with this company is macro pressures. You've got the pressure of people probably will continue to spend on their pets, maybe spend a little less. You know, that's a concern. The other one that I think about which is off to the side, but the idea of household formation. My theory is if rents are more expensive, maybe people are living at home longer, maybe they're not going out and on their own and then maybe you won't get pets. With all of this stuff, is Chewy just a smaller business maybe than the market really wanted it to be?
Bill Barker: Certainly than what the market wanted it to be back when the stock was 5x6x. What it is today, the growth was understood to be a function of that real step up during the pandemic, and then just stretched out as people would maintain their pets and get more insurance for them, and the pets would age and they'd have more prescription medicine and everything, and there were many new pet owners and they would become lifelong pet owners. Well, some of that has played out. The pet market is bigger today than it was in 2019, but it's still digesting a lot of people that aren't going to turn out to be longer term or lifelong pet owners, or because they don't have the choice to work from home, can't maintain their pet the way they had or the way the pet wants to be cared for. There's continued digestion of the growth that occurred, and for a company that was in the high-growth category, that's a difficult thing to navigate.
Deidre Woollard: True. But the thing I do love about this is those auto ship numbers. I think that's a great thing to keep watching for this company, and as long as they keep having that and they keep growing spend, hopefully, they sort out some of the other stuff and learn to cut costs a little bit.
Bill Barker: People will continue to receive the food and then the food will continue to get eaten, and it is convenient to have the autoship like a subscription? It is a subscription, so that is a more stable source of revenue than otherwise. But as the numbers this quarter showed, that's not enough to produce the top line growth that the stock needed.
Deidre Woollard: I want to pivot and talk about another company that reported earnings which is Dollar General. It has not been a great year for them, either, not in the market or certainly in the court of public opinion. There was a Bloomberg cover story in September about Dollar General employees saying it's a terrible place to work. But I started getting interested in this one after that I read that story. Not a great look for them. But then they brought back their former CEO, Todd Bassos, in October. I'm starting to look at this one as a turnaround. One of the things that they announced, not on this call, but before that, was that they're investing $150 million in labor hours. They're focused more on the stores, on addressing some of those customer service problems. Some of the issues with shrink that they've had. In general, you've got a CEO coming back. How long do you give them, is it like a new CEO, where you say, it's got to be a full year. But if you've got a CEO coming back, they already know the company. Do you want to see action and results a little sooner?
Bill Barker: Yeah, well, I think one of the things that you're going to see, and you saw it perhaps already, is the big bath quarter where you put a lot of the bad stuff into your first quarter, maybe two quarters of results for the CEO. Some charges, assess what you can put into the past and put it into one big bundle and then start talking about the future. I think that certainly with a returning CEO, he's going to be much more tuned to exactly where the bodies are buried for this company and a very detailed knowledge of what does and doesn't work. Not only in the industry generally, but with the company specifically. It's not a function of a company that needs, I think, a new pair of eyes to look at it. An old pair of eyes had great success, left at the right time, perhaps. But you only have to go back a year to have the stock double the price that it was that it is today. Prior to the last 12 months, it was a fairly smooth 15 years for the company. I think that the odds in the market with markets betting on is a return to the past. That's a pretty good story for shareholders, whether it develops as you say. That's a question, how much time you should give. I would say just a couple of quarters, you'll see something.
Deidre Woollard: Yeah, I think what you just mentioned is why I'm interested in this one, because it was a good performers, it's a good dividends, it's been a good stock and then it's had this bad year. Now it seems maybe this is like their dominoes pizza moment where they admit that hey, there's a problem. But I think one of the things that's interesting for them, so not a great quarter, same store sales down a little bit. But they're putting a lot of their energy into growth. Maybe this is part of that, get all the cost stuff out of the way, because their real estate plans are ambitious, 800 new stores, about 1,500 remodels. You think sometimes as a CEO comes in, they want to trim costs, trims the sales. This is the opposite approach, and I'm wondering if that is because Dollar General, the Dollar stores, they have this captive audience. I think maybe they figure they increased, get more people in the stores, increase quality, maybe they increase sales. Is that something we should be looking at as part of the thesis here?
Bill Barker: Well, the growth here has to be put into context, 800 stores. I think they've got 15, 17,000 right now there.
Deidre Woollard: Yeah, they've got a lot of stores.
Bill Barker: I'll talk about the Dollar stores in general for the category there are 37,000. To put that into a bit of pointless context, you could visit one every day for 100 years and not have yet visited them all. If that were a worthwhile thing to do with your next 100 years, I've given you that idea. [laughs] There are plenty of them out there, 800 more isn't really as big a number as you might think given the installed store base already and the availability of them. But there are probably 800 reasonable locations. When you map that out over a few years. I think the remodeling is also a big part of this and I wouldn't doubt that there are, well, more than 1,500 stores that look like they could use a little remodeling out of the entire account. I think they've got plenty to do. They've got to get by these OSHA reports and the employee safety problems and fines that they have accumulated over the years and have been back in the news this year. You know what you're getting when you go into a Dollar General. But they can up the experience, if they choose to use their money that way. They've, I think, discontinued their share buybacks so they've got some more money available to dedicate to that. Up to a point which is up to the point at which the debt becomes a problem, because this is a company that has plenty of debt.
Deidre Woollard: Yeah, that's a good point. When you're assessing this as a potential, turnaround, there's just a lot of factors and I'm thinking about the Dollar stores in general, a lot lately because I'm thinking about shifting consumer behavior. What could be next? We've talked so much about consumer spending. I find it interesting looking at Dollar Tree versus Dollar General, because they're both Dollar stores, but you've got a different product mix. Dollar General is so much more tied to the grocery side of things. They're really are more in rural areas. Dollar Tree is starting to think like, OK, we're moving beyond the dollar, more expensive items. Dollar General, they're doing something different. They're putting in these DG markets. Dollar General markets, more fresh food. Looks like a grocery store, but like a very small grocery store. When you're thinking about Dollar General, what do you think about as, its role in the consumer spending cycle?
Bill Barker: I think more and more embedded with the consumables and the refrigerated installations. The food that has to be refrigerated, that they're selling. They're moving more toward consumer spending that does not change over time and is not particularly vulnerable to macroeconomic factors. People are going to come in frequently for their consumables, they're putting in more produce which will bring people in more often, because that's something you buy more frequently. I think it's a good plan to get people in more frequently, give them what they need most, and layer on some impulse purchases beyond that. It's very competitive. They don't have a mote. It's extremely easy wherever there's competition. Although in some rural communities are, they go to place in many others, of any greater population size, or growing population. There's going to be competition not just from Family Dollar, Dollar Tree or Walmart, slightly larger or significantly larger locations, but there's only so much you can capture before the online sales are also a threat. Their normal purchase is I think, less or around $15 per basket. That's not something that people are most frequently getting done online. How much they can grow that basket size without finding that they're running into competition from other and bigger players? I don't know. I think that's a bit of a cap. But everything up until about 12 months ago was generally successful for this company. They had, as I said, a good more than decade long, fairly smooth, story that people would love to see repeated.
Deidre Woollard: Well, I feel like both of the companies we talked about today are ones that we're going to want to see next quarter and because things have to go in a direction, at least. Thanks for your time today, Bill.
Bill Barker: Okay, thank you.
Deidre Woollard: If you're a regular Motley Fool money listener, you're probably well aware of how dividend stocks have the potential to really supercharge your portfolio's return. Dividends have accounted for around 40% of the total return of the S&P 500 since 1930. Of course, have been an important tool for all time greats like Benjamin Graham and Warren Buffett. Our top notch analysts at Motley Fool stock advisor certainly agree and have put together a list of five quality dividend payers that are also recommendations in our stock advisor service. The report is free to you just as a thank you for listening to our podcast. No purchase necessary. Just go to Fool.com slash dividends and we'll email it directly to your inbox. That's Fool.com slash dividends to claim your five dividend stock recommendations. Now we hear a lot about how weight loss drugs have the potential to upend more unexpected industries, airlines, gyms, apparel. But how are the leaders of medical device companies thinking about these new drugs? Up next, Mary Long talks with Kevin Sayer, CEO of Dexcom, about the future of diabetes care and the small monitor that's changing what that care looks like.
Mary Long: Maybe we can start by having you give us an overview of the history of diabetes care and how Dexcom came to really be a pioneer in continuous glucose monitoring.
Kevin Sayer: A great question. I personally go back in diabetes care back in the mid '90s. I started my time in diabetes at many med diabetes which Medtronic bought, and is there diabetes arm right now. With diabetes care, particularly those on insulin, there's always been several problems that need to be solved. Insulin was the first big one and what a great discovery that was then how's that insulin delivered? More importantly, what information do people use to manage their diabetes health and figure out how much insulin to deliver. Over time, the way people did that in the beginning was like urine sticks and then finger sticks where people would prick their finger and you would prick your finger and get a number and say, based on that, this is how much insulin I'm going to take or what I'm going to do, which is like watching a basketball game and looking at the score in the middle of the first quarter and deciding who's going to win, it doesn't work that way. I experienced the vision or the experience of continuous glucose monitoring way back in the '90s when I was there and then had the chance to come to Dexcom.
But quite honestly, the most difficult problem to solve an intensive insulin therapy is what is the information I'm going to base that decision on. What continuous glucose monitoring gives individuals is the opportunity to look at their glucose all the time. Our numbers go directly to your phone. We want to meet people where they are. They get a new glucose value every five minutes. Then we have alerts and alarms and system features that literally enabled them to be safe and more healthy than they would ever be without it. We've gone from a position, particularly with insulin users way back in the day. I've been in Dexcom now for 12 years full time. It took a long time to get somebody to get CGM to where now we're covered by all major insurance companies where the most affordable reimbursed solution there is for glucose monitoring. Most kids, if they get diagnosed with Type I diabetes now, or insulin, they leave with a Dexcom. They're not going through what everybody went through in the past. This has evolved to really become the standard of care there. We believe we have a lot more runway in other areas going forward.
Mary Long: That evolution that you mentioned, I've heard you say before that part of what Dexcom is and has been doing is really building an entirely new industry. Can you explain a bit what you might mean by that?
Kevin Sayer: Yeah and again, I'll go back to the beginning. In the beginning, insurance companies really didn't even want to pay for this because it looked like we're adding more costs to the system. We had to go create models to whereby we could get this reimbursed for people to use. We decided as a company that we wanted to take this technology to the phone. We were the first medical device of this nature, of this classification to go directly to a phone. When we went to a phone, all sorts of windows opened up because we enabled people to, for example, to share data with others. We rang the Nasdaq bell a couple of weeks ago and I talked to one of we had a lot of what we call our Dexcom warriors there, people who represent our company, who use our product. One was a young woman who told me a story. She's from Australia and she was asleep in a hotel room at 04:00 in the morning when people broke down her door because her blood glucose had gone low. Her friend in Australia had seen it because she followed the data on the phone, come by the hotel and saved her life. We've created situations and things of that nature to help people in their care. We've also created an industry with respect to interoperability. We share our data with other companies. We enable insulin pumps and algorithm companies to have automated insulin delivery to give people better lives. We share our data with apps with companies, nutrition based, diabetes care based, whatever. If our data can make somebody healthier, we want people to use our data where they can. Every first in our industry has been created by our company.
Mary Long: Dexcom is not the only company that makes a CGM device. Your chief rivals are Abbott, which makes the Freestyle Libre and Medtronic. Those are both large like diversified medical device companies. Dexcom, does Dexcom, end of story. How does that singular focus help you and hurt you?
Kevin Sayer: I consider it an asset primarily, but let me talk about how it helps us first, that singular focus means we have to be extremely clever and innovative. The list of first I came at you with earlier, going to the phone first, the first interoperate system and our level of accuracy and performance, the reimbursement we've obtained, we have to lead this industry. We can't follow the other guys. We've always prided ourselves on having the best product and that has given us a tremendous advantage over time with respect to accuracy and performance where it's difficult. The things I think about when I think about our competitors quite candidly infrastructure as we look at new geographies go into, for example, we don't have a cardiovascular business in Bulgaria, or pick a country, we have to very selectively pick where we're going to make investments and how we're going to grow international. These other geographies, because we don't have other businesses there. We have grown very methodically, very thoughtfully, very creatively, over time, internationally, and scaled our business that way. It's lack of infrastructure, but we've built it nicely. We've more than doubled the number of employees that we have in the past three years. For example, as we've built infrastructure out again while growing profitably.
Mary Long: The latest iteration generation of your CGM device is the G7, and that launched earlier this year. That rollout happened all around the world at the same time. Seems like that was a success. You raise end of your [laughs] guidance after posting your most recent results and are now targeting $3.575- 3.6 billion in revenue, which is about a 23-24% year over year growth. I'd imagine that there's a lot of planning that goes into that launch and also maybe a lot of chaos. What did you learn from that experience? Maybe what will you do differently when the G8 one day comes out?
Kevin Sayer: We've learned a lot of things. That's really a good question. Our G6 launch that happened five years earlier, we weren't ready for, we were literally running out of inventory almost on a monthly basis. If you ask my team. We were holding the business together. We're still growing well and we were doing fine. But it was really tough. We plan this launch much better from a supplier and a capacity perspective, and I've had no product shortages whatsoever. We also matured our development process enough to whereby we launched this product in a much more mature manner than other ones. You always have things you can improve when you launch your product. But I think the product was launched maturely and in a very good state. The other thing we learned is about our technology in general. People love our old product because it saves their life. It's been such an integral part of their care that while the other product is smaller and more accurate and reimbursed and affordable, there's emotional difficulty sometimes in switching for people. Because again, we've been front and center in their lives, people are switching out that are on the G6 system. Most of our G7 users are new to Dexcom. They're not G6 switchers. We've been able to access a lot more physicians as far as prescription, 18,000 more physicians in the US have written Dexcom scripts than had written scripts a year ago. Because the new product has so many great features with respect to a smaller size, it's ease of use. The new app is really strong and phenomenal. I think the launch has been very successful and with G8, I think what we've learned is we'll just apply those learnings. Let's make sure the product is ready. Let's make sure it's baked. Let's make sure we identify the features that people need to put into it. I think we did a very good job of identifying what our users we're going to want. Let's figure out what that next level of features is and build on that platform.
Mary Long: When you think about the future of Dexcom and future iterations of G7, G8, what have you? You seem to have a really close relationship with patients, with the custom consumers that use your products. How do you source feedback from them and then incorporate that into future iterations of this device?
Kevin Sayer: We continuously pulse our customers and ask for their feedback. We monitor social media very closely. The diabetes community is not quiet, they're pretty vocal. In fact, I got some great feedback when we were in New York ringing the bell. We had a dinner. We brought a lot of, again our Dexcom warriors back. We had a luncheon form. I sat at a table to get feedback from an eleven year old, a nine year old and a seven year old. And I said, OK, tell me what you would have us do better. It's really fun to ask the question and they all had really good answers. They want us to make the product last longer and we've committed to going from a end product to a fifteen day product over time. They talked about a couple things in the app they'd like to see. These kids, imagine being seven years old and having to manage taking shots every day or an insulin pump that's giving you insulin. When you ask a seven year old that question, you'd be shocked at the maturity of their answer. I'd like a different adhesive that does X, Y and Z. Okay, we can do that. We ask directly, pulse directly. We spend time with social media. Again, you talked about us being a regulated company. We also have to recognize that whatever we do is regulated and we have to make sure people are safe and it is a wind, we balance all of that.
Mary Long:Weight loss drugs have been a hot topic this year. There are plenty of bearers that are saying that this is going to change every industry, not just things that are seemingly related to weight loss drugs, but even airlines are going to change their entire set up. Perhaps unsurprisingly, part of that conversation has involved diabetes companies and companies just like yours. Yet again, you posted this amazing quarter most recently. I think even cited a study that says, well, actually use of these GLP-1, these weight loss drugs, supplements and increases use of CGM products. Can you talk a bit about how you see the future of weight loss drugs interacting with your product?
Kevin Sayer: Yeah and look, this drug category is amazing. The results that have been produced have been absolutely amazing. But there's never been a time when people wouldn't need CGM as a result of everything that's been learned. The thing that we talked about was data that we've garnered through very strong data sources. That people who go on these weight loss drugs, like people who have type two diabetes, who are on basal insulin, if you added GLP-1 to their therapy. If you add CGM, their outcomes are better. The outcomes of these people all get better if you add CGM to those therapies across the board, if they're on intensive insulin therapy, basal incent therapy or just somebody with type two diabetes and you add a GLP-1 to what they're already doing because it gives you a real time scorecard, you learn throughout the course of a day. For example, if you're on one of these weight loss drugs, look I can keep my glucose at a pretty steady state because I'm not eating as much. But you also learn very quickly, and a lot of us as executors of our company, we are sensors all the time without diabetes. You learn what specific meals do to your glucose and to your health. It definitely can create a better experience. It can also create better adherence to the drugs. One of the things the payers are concerned about in reimbursing for these drugs, are the patients going to comply? You can tell very quick from a CGM if somebody is complying, because you can see how steady their glucose is and how the spikes are not as big as they used to be before they were on these drugs. I think we can be a great scorecard for this. I think over time we can use the performance of our system combined with other data such as activity data, sleep data, whatever data we can incorporate into our data ecosystem and creating experience that can help people be healthier across the board. I never thought for a minute that these drugs would exclude TGM. I think we can become a vital part of it. We just have to define that, just like we've defined our place in the insulin-using world. Now, Basil's insulin. We'll define our place in this one too and I think we'll do very well.
Mary Long: This takes this a step further. But our co founder David Gardner talks a lot about the importance of investing in companies that are building the future you'd like to see. In so many ways, right, Dexcom is building a better future. But ultimately, CGM devices manage diabetes rather than cure or eliminate it. So how does Dexcom fit into this futuristic world in which maybe diabetes doesn't exist?
Kevin Sayer: Well, type 1 diabetes isn't going to be affected by these drugs. There could be a cure some day. There are many programs where people are trying to get cures and that would be a tremendous outcome for everybody. Let's be very clear, but at the end of all this, you're going to need a scorecard and people are going to need to see how healthy they are. Even again, if type 2 diabetes is delayed, you learn so much from wearing a CGM. You learn more from wearing a CGM about your metabolic health than almost anything you can do. We believe we can create experiences that fit right along with all of this and as somebody has pre diabetes or for example, gestational diabetes. We had a label, we can now be used in pregnancy. Well, I have grand babies that had a gestational diabetes, I have a gestational diabetes daughter in law, and she was sticking her finger for the first couple of weeks, she called me up, can you give me one of those? It made nine day difference and my twin grand babies are here largely came when they needed to come because she wore a sensor. We have a place across this healthcare spectrum and glucose state is going to be important enough that we'll figure out where to get it in. I think this noise will eventually quiet down and will be an important part of this community.
Deidre Woollard: As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Deidre Woollard, thanks for listening. We'll see you tomorrow.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Bill Barker has no position in any of the stocks mentioned. Deidre Woollard has positions in Amazon.com, Dollar General, and Walmart. Mary Long has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Chewy, and Walmart. The Motley Fool recommends DexCom. 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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Motley Fool host Mary Long talks with Dexcom CEO Kevin Sayer about the impact of weight loss drugs on diabetes care. I think that's a great thing to keep watching for this company, and as long as they keep having that and they keep growing spend, hopefully, they sort out some of the other stuff and learn to cut costs a little bit. We rang the Nasdaq bell a couple of weeks ago and I talked to one of we had a lot of what we call our Dexcom warriors there, people who represent our company, who use our product.
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In this podcast, Motley Fool analyst Bill Barker and host Deidre Woollard discuss: The power of Chewy's auto-ship service. Motley Fool host Mary Long talks with Dexcom CEO Kevin Sayer about the impact of weight loss drugs on diabetes care. Up next, Mary Long talks with Kevin Sayer, CEO of Dexcom, about the future of diabetes care and the small monitor that's changing what that care looks like.
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Before you buy stock in Chewy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Chewy wasn't one of them. The pet market is bigger today than it was in 2019, but it's still digesting a lot of people that aren't going to turn out to be longer term or lifelong pet owners, or because they don't have the choice to work from home, can't maintain their pet the way they had or the way the pet wants to be cared for. Deidre Woollard: As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear.
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Before you buy stock in Chewy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Chewy wasn't one of them. I've been in Dexcom now for 12 years full time. But there's never been a time when people wouldn't need CGM as a result of everything that's been learned.
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711856.0
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2023-12-13 00:00:00 UTC
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What Are the Best Stocks to Buy for 2024? 1 Wall Street Analyst Thinks Take-Two Interactive Makes the List
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https://www.nasdaq.com/articles/what-are-the-best-stocks-to-buy-for-2024-1-wall-street-analyst-thinks-take-two-interactive
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Shares of video game publisher Take-Two Interactive (NASDAQ: TTWO) are up 56% year to date as of this writing, handily outperforming the otherwise impressive 23% gain for the S&P 500. In short, Take-Two stock was a good stock to own in 2023.
TD Cowen analyst Doug Creutz also believes Take-Two stock is one to own for 2024. The analyst just gave the stock a price target of $173 per share, adding it to the list of best stock ideas for 2024, according to StreetInsider.
Here's what Take-Two has coming
As a video game publisher, Take-Two has certain core franchises that are a big part of the business. According to Creutz, the company's pipeline of forthcoming games is "robust" heading into the new year.
Investors should note that Take-Two's fiscal year can be really confusing. Its most recent quarter was the fiscal second quarter of 2024, which ended in September. Fiscal 2025 starts in April 2024.
For fiscal 2025 (which mostly covers next year), Take-Two's management expects net bookings of about $8 billion. That's a huge jump from the roughly $5.5 billion it expects in fiscal 2024. And it's due to the aforementioned "robust" pipeline of video game title releases.
Fiscal 2026 could be even bigger for Take-Two from this perspective. One of its biggest and longest-running franchises is Grand Theft Auto, and the greatly anticipated Grand Theft Auto 6 is due in 2025, more than a decade after its predecessor.
In short, Take-Two's business is expected to make a big jump in the coming year -- beyond thanks to new game releases. The only caveat to a bullish outlook is that the recent acquisition of Zynga is expected to contribute meaningfully to bookings and improve profitability.
Zynga is helping Take-Two grow its top line, but it's also contributing to higher operating expenses. Management will need to make more progress in integrating Zynga into the company and reduce expenses for Take-Two's overall profits to experience a big enough jump to justify Creutz's price target in the coming year.
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.
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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 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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Shares of video game publisher Take-Two Interactive (NASDAQ: TTWO) are up 56% year to date as of this writing, handily outperforming the otherwise impressive 23% gain for the S&P 500. The only caveat to a bullish outlook is that the recent acquisition of Zynga is expected to contribute meaningfully to bookings and improve profitability. Management will need to make more progress in integrating Zynga into the company and reduce expenses for Take-Two's overall profits to experience a big enough jump to justify Creutz's price target in the coming year.
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In short, Take-Two's business is expected to make a big jump in the coming year -- beyond thanks to new game releases. Management will need to make more progress in integrating Zynga into the company and reduce expenses for Take-Two's overall profits to experience a big enough jump to justify Creutz's price target in the coming year. 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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In short, Take-Two stock was a good stock to own in 2023. Here's what Take-Two has coming As a video game publisher, Take-Two has certain core franchises that are a big part of the business. 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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In short, Take-Two's business is expected to make a big jump in the coming year -- beyond thanks to new game releases. Management will need to make more progress in integrating Zynga into the company and reduce expenses for Take-Two's overall profits to experience a big enough jump to justify Creutz's price target in the coming year. 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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ead31c53-0bfa-4343-b5ed-72eaf4b9b404
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711857.0
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2023-12-13 00:00:00 UTC
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3 Wealth Building Internet Stocks to Buy as 2024 Approaches
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https://www.nasdaq.com/articles/3-wealth-building-internet-stocks-to-buy-as-2024-approaches
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Investing in internet-driven companies has been one of the golden eggs of producing wealth since the dot-com bubble which produced several of the world’s wealthiest people.
Microsoft MSFT and its founder Bill Gates are usually the first to come to mind but more importantly, there are a number of companies that continue to expand from the internet. Going from an estimated 300 million users worldwide in 2000 to over 5 billion today here are three stocks to buy as the internet's storied growth continues.
Amazon AMZN: Perhaps the most important thing the internet has done is connect people and not many companies have done that better than Amazon through its e-commerce services and cloud computing platform AWS.
Amazon’s growth was fueled by the dot-com bubble with founder Jeff Bezos one of the world’s wealthiest as well. Investors have also been able to capitalize on Amazon’s success with AMZN shares soaring +75% year to date and now up +642% over the last decade. Forecast of high double-digit EPS growth in fiscal 2023 and FY24 remains compelling and total sales are now projected to be up 11% this year and jump another 11% in FY24 to $637.05 billion.
Image Source: Zacks Investment Research
CrowdStrike CRWD: Founded in 2011, CrowdStrike has been one of the fastest-growing internet companies as a next-generation provider of cyber attack response services.
Co-founders George Kurtz and Dmitri Alperovitch are billionaires and investors have been rewarded as CrowdStrike’s stock has skyrocketed +146% in 2023 and is now up +347% since the company went public in 2019. High double-digit top and bottom-line growth continues to be the catalyst as total sales are now anticipated to soar 36% in FY23 and leap another 28% next year to $3.91 billion.
Image Source: Zacks Investment Research
NetEase (NTES): One Chinese internet company that was a winner during the dot-com era after going public in 2000 was NetEase. This has continued with its engagement in the development of applications, services, and other technologies for the Internet in China.
In fact, NetEase's founder Ding Lei became China’s first internet and gaming billionaire and early investors would have seen gains of over +33,000%. Fast forward to 2023 and NetEase’s stock has risen +40% YTD and has climbed +592% in the last 10 years. NetEase’s sales are projected to be up 1% in FY23 and then jump 11% in FY24 to $16.17 billion. More intriguing is NetEase’s profitability with annual earnings expected to expand 44% in FY23 to $7.26 per share compared to $5.02 a share last year. Plus, FY24 EPS is expected to rise another 8%.
Image Source: Zacks Investment Research
Bottom Line
With broader markets taking off in 2023 investors will be looking for stocks that can keep up with expectations and these internet-driven companies continue to have the narrative to do so. To that point, Amazon, CrowdStrike, and NetEase’s stock look like very viable investments for 2023 and beyond.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
CrowdStrike (CRWD) : 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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Forecast of high double-digit EPS growth in fiscal 2023 and FY24 remains compelling and total sales are now projected to be up 11% this year and jump another 11% in FY24 to $637.05 billion. High double-digit top and bottom-line growth continues to be the catalyst as total sales are now anticipated to soar 36% in FY23 and leap another 28% next year to $3.91 billion. Image Source: Zacks Investment Research Bottom Line With broader markets taking off in 2023 investors will be looking for stocks that can keep up with expectations and these internet-driven companies continue to have the narrative to do so.
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Image Source: Zacks Investment Research CrowdStrike CRWD: Founded in 2011, CrowdStrike has been one of the fastest-growing internet companies as a next-generation provider of cyber attack response services. Image Source: Zacks Investment Research NetEase (NTES): One Chinese internet company that was a winner during the dot-com era after going public in 2000 was NetEase. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research NetEase (NTES): One Chinese internet company that was a winner during the dot-com era after going public in 2000 was NetEase. Image Source: Zacks Investment Research Bottom Line With broader markets taking off in 2023 investors will be looking for stocks that can keep up with expectations and these internet-driven companies continue to have the narrative to do so. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Amazon AMZN: Perhaps the most important thing the internet has done is connect people and not many companies have done that better than Amazon through its e-commerce services and cloud computing platform AWS. Image Source: Zacks Investment Research NetEase (NTES): One Chinese internet company that was a winner during the dot-com era after going public in 2000 was NetEase. Image Source: Zacks Investment Research Bottom Line With broader markets taking off in 2023 investors will be looking for stocks that can keep up with expectations and these internet-driven companies continue to have the narrative to do so.
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2023-12-13 00:00:00 UTC
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Motorola (MSI) Boosts Emergency Services' Communication System
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https://www.nasdaq.com/articles/motorola-msi-boosts-emergency-services-communication-system
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Motorola Solutions, Inc. MSI recently announced that New South Wales State Emergency Services (NSW SES) has opted to deploy Motorola’s SmartConnect to enhance mission-critical radio communications infrastructure. Notably, earlier this year, Fire & Rescue New South Wales also selected SmartConnect to enhance its communication system.
The SmartConnect system is engineered for excellent coverage and ensuring connectivity beyond the boundaries of a network. Emergency personnel often have to work in geographically challenging locations where accessibility is limited and connectivity is weak. This is where SmartConnect comes into play as it automatically transitions voice channels to the optimal available communication network, whether on land mobile radio or broadband.
SmartConnect allows safety workers' radio systems to utilize in-vehicle LTE or satellite modems for seamless remote access without interruptions. Switchover of the voice communication from one network to another is smooth and fast and does not interrupt the audio and other radio functionalities.
NSW SES boasts an extensive pool of 10,000 volunteers dedicated to providing emergency services during challenging events such as road crash, storms, floods, and search and rescue operations. Moreover, 50 public safety agencies and about 50,000 first responders and emergency personnel use the NSW SES public safety network. With the increasing frequency of natural calamities, the public safety entity is actively working to enhance its preparedness by extending the reach and capacity of its radio communication infrastructure.
Time sensitivity, proper coordination and clarity of information are vital aspects of any emergency situation. SmartConnect will significantly enhance the resiliency of voice communication in hostile environments. This will facilitate a rapid exchange of information, lower the risk of misinterpretation of crucial details and augment the safety of emergency responders. The system's end-to-end encryption feature meets security requirements throughout the entire process, even during transitions among LMR, LTE, WIFI and satellite networks.
As a leading provider of mission-critical communication products and services worldwide, Motorola has ensured a steady revenue stream from this niche market. The communications equipment maker intends to boost its position in the public safety domain by entering into strategic alliances with other players in the ecosystem.
The stock has risen 25.1% over the past year compared with the industry’s growth of 9.3%.
Image Source: Zacks Investment Research
Stocks to Consider
Motorola currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the industry have been discussed below.
Model N Inc MODN, carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 20.78%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MODN provides revenue management solutions for life sciences and technology companies, including applications for configuration, price, quote, rebate management and regulatory compliance. In the last reported quarter, it delivered an earnings surprise of 3.33%.
NVIDIA Corporation NVDA, currently carrying a Zacks Rank #2, delivered a trailing four-quarter average earnings surprise of 18.99%. In the last reported quarter, it delivered an earnings surprise of 19.64%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. ANET, carrying a Zacks Rank #2 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build cloud architecture and enhance their cloud experience. Arista delivered a trailing four-quarter average earnings surprise of 12%.
ANET holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is gaining market traction in 200 and 400-gigabit high-performance switching products and is well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report
Model N, Inc. (MODN) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : 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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NSW SES boasts an extensive pool of 10,000 volunteers dedicated to providing emergency services during challenging events such as road crash, storms, floods, and search and rescue operations. With the increasing frequency of natural calamities, the public safety entity is actively working to enhance its preparedness by extending the reach and capacity of its radio communication infrastructure. Arista is gaining market traction in 200 and 400-gigabit high-performance switching products and is well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
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Model N Inc MODN, carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 20.78%. NVIDIA Corporation NVDA, currently carrying a Zacks Rank #2, delivered a trailing four-quarter average earnings surprise of 18.99%. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Motorola Solutions, Inc. MSI recently announced that New South Wales State Emergency Services (NSW SES) has opted to deploy Motorola’s SmartConnect to enhance mission-critical radio communications infrastructure. Image Source: Zacks Investment Research Stocks to Consider Motorola currently carries a Zacks Rank #3 (Hold). Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Motorola Solutions, Inc. MSI recently announced that New South Wales State Emergency Services (NSW SES) has opted to deploy Motorola’s SmartConnect to enhance mission-critical radio communications infrastructure. Moreover, 50 public safety agencies and about 50,000 first responders and emergency personnel use the NSW SES public safety network. Image Source: Zacks Investment Research Stocks to Consider Motorola currently carries a Zacks Rank #3 (Hold).
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2023-12-13 00:00:00 UTC
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Toyota Motor Corporation (TM) Falls More Steeply Than Broader Market: What Investors Need to Know
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https://www.nasdaq.com/articles/toyota-motor-corporation-tm-falls-more-steeply-than-broader-market%3A-what-investors-need-to
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Toyota Motor Corporation (TM) ended the recent trading session at $180.62, demonstrating a -1.53% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.01% for the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.36%.
The the stock of company has fallen by 3.67% in the past month, lagging the Auto-Tires-Trucks sector's gain of 4.86% and the S&P 500's gain of 5.21%.
Analysts and investors alike will be keeping a close eye on the performance of Toyota Motor Corporation in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.66, reflecting a 3.17% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $73.72 billion, up 6.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $19.31 per share and revenue of $305.05 billion, which would represent changes of +45.41% and +11.03%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.44% higher within the past month. As of now, Toyota Motor Corporation holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Toyota Motor Corporation is currently being traded at a Forward P/E ratio of 9.5. This represents a premium compared to its industry's average Forward P/E of 6.4.
One should further note that TM currently holds a PEG ratio of 0.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Automotive - Foreign industry had an average PEG ratio of 0.39.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 31, finds itself in the top 13% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Toyota Motor Corporation (TM) : 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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Toyota Motor Corporation (TM) ended the recent trading session at $180.62, demonstrating a -1.53% swing from the preceding day's closing price. Analysts and investors alike will be keeping a close eye on the performance of Toyota Motor Corporation in its upcoming earnings disclosure. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Toyota Motor Corporation (TM) ended the recent trading session at $180.62, demonstrating a -1.53% swing from the preceding day's closing price. As of now, Toyota Motor Corporation holds a Zacks Rank of #1 (Strong Buy). Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry, currently bearing a Zacks Industry Rank of 31, finds itself in the top 13% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Toyota Motor Corporation (TM) ended the recent trading session at $180.62, demonstrating a -1.53% swing from the preceding day's closing price. This industry, currently bearing a Zacks Industry Rank of 31, finds itself in the top 13% echelons of all 250+ industries. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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e862251b-d052-469a-b764-e11c25c49c43
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711860.0
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2023-12-13 00:00:00 UTC
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Realty Income Stock: Buy, Sell, or Hold?
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DCOMP
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https://www.nasdaq.com/articles/realty-income-stock%3A-buy-sell-or-hold-2
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nan
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nan
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Financial decisions like choosing whether to purchase, hold, or sell a stock can prove stressful. After all, it's your hard-earned money at stake.
But you can alleviate some of this stress by examining a company's fundamentals. Realty Income (NYSE: O), a real estate investment trust (REIT), must pay out at least 90% of its taxable income as dividends.
That makes REITs suited for income-oriented investors. But is Realty Income an attractive stock in the sector or should you look elsewhere?
Image source: Getty Images.
Property portfolio
Realty Income collects the majority of its rents from the retail sector. Nearly 83% of its annual rent comes from that industry. That may cause some concern given the proliferation of online shopping. Management takes steps to minimize this risk, however.
This includes looking for retailers that face limited threats from online shopping or have strong omnichannel presences. It collects over 60% of its rent from industries like grocery, convenience, dollar, drug, home improvement, and automotive service stores.
Retail tenants include Walgreens Boots Alliance, Dollar General, FedEx, and Walmart. While the retail sector notoriously changes and leaves previously venerable companies in the dustbin, Realty Income has high occupancy and has been implementing steady rental increases. At the end of the third quarter, occupancy was 98.8% and it reaped 6.9% more rent on expiring lease agreements.
And the company will expand and diversify its real estate portfolio after it completes the $9.3 billion Spirit Realty Capital acquisition. Management expects the deal to add 2.5% to its per share adjusted funds from operations (AFFO).
Cash flow and dividends
High occupancy and higher rents have led to strong cash flow. That's an important consideration for shareholders relying on dividends.
Realty Income's AFFO, a measure of cash available for distribution, continues to grow. In the latest quarter, AFFO increased by 4% to $1.02 a share.
This can easily support Realty Income's dividends. Making payouts monthly, the board of directors raised September's payout from $0.2555 to $0.256 per share, marking 104 straight quarters with an increase. The company can easily afford the payments. Management expects this year's AFFO per share to come in at $3.98 to $4.01 per share, while annualized dividends at the new rate total $3.07 per share.
Realty Income's stock has a dividend yield of 5.7%, nearly quadruple the S&P 500's 1.5%. The FTSE Nareit All Equity REITs index had a dividend yield of 4.1% at the end of November.
The decision
Realty Income's stock has a -10% return this year compared to 22.3% for the S&P 500.
The underperformance may be due to concern about some of Realty Income's tenants, such as Walgreens. However, so far, it's been able to keep occupancy rates high and get nice boosts on renewals. And the Spirit Realty deal will help diversify its tenants.
With a juicy 5.7% dividend yield, investors looking for dividends should find plenty to like about Realty Income's shares.
Should you invest $1,000 in Realty Income right now?
Before you buy stock in Realty Income, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income 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 FedEx, Realty Income, and Walmart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It collects over 60% of its rent from industries like grocery, convenience, dollar, drug, home improvement, and automotive service stores. While the retail sector notoriously changes and leaves previously venerable companies in the dustbin, Realty Income has high occupancy and has been implementing steady rental increases. And the company will expand and diversify its real estate portfolio after it completes the $9.3 billion Spirit Realty Capital acquisition.
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Retail tenants include Walgreens Boots Alliance, Dollar General, FedEx, and Walmart. Cash flow and dividends High occupancy and higher rents have led to strong cash flow. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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Realty Income (NYSE: O), a real estate investment trust (REIT), must pay out at least 90% of its taxable income as dividends. With a juicy 5.7% dividend yield, investors looking for dividends should find plenty to like about Realty Income's shares. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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The decision Realty Income's stock has a -10% return this year compared to 22.3% for the S&P 500. With a juicy 5.7% dividend yield, investors looking for dividends should find plenty to like about Realty Income's shares. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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9307adbc-9b76-4dd0-aeff-9b374778fd96
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711861.0
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2023-12-13 00:00:00 UTC
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Why Canopy Growth Stock Plunged 35% This Week
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DCOMP
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https://www.nasdaq.com/articles/why-canopy-growth-stock-plunged-35-this-week
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nan
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nan
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Shares of Canopy Growth (NASDAQ: CGC) plunged 35% this week, according to data provided by S&P Global Market Intelligence, after shareholders saw the structure of a pending 1-for-10 "share consolidation" announced by the cannabis producer.
The bulk of Canopy Growth's drop came on Wednesday, after the company announced it will implement a share consolidation -- typically known as a reverse stock split -- at a 1-for-10 ratio, effective prior to the market's opening bell on Dec. 20. This will essentially reduce the number of outstanding common shares by a factor of 10 while increasing the per-share price of Canopy's new common shares by the same multiple.
Canopy Growth's shareholder-unfriendly consolidation
Shares of Canopy Growth were already down more than 70% year to date leading up to the announcement, and closed Friday at $0.52 per share. And by the rules of the Nasdaq, the exchange on which it trades, a stock that closes below $1 per share for 30 consecutive days risks being delisted. But even after a stock falls out of compliance with that rule, it can get back into compliance -- and avoid being delisted -- by closing at or above $1 per share for 10 consecutive business days. The reverse stock split will let it accomplish that, and put Canopy Growth back into the good graces of the Nasdaq.
So this decision would have been understandable, even if we ignore the risk that -- absent significant progress in its underlying business -- Canopy Growth's consolidated shares could continue to decline in price, and might head back below the $1 minimum level.
But another part of the reverse split plan irked investors: Canopy Growth said that no fractional shares will be issued in connection with the consolidation. Instead, "any fractional common shares arising from the consolidation will be deemed to have been tendered by its registered owner to the company for no consideration."
What's next for Canopy growth shareholders?
Normally, the value of any fractional shares stemming from uneven split calculations is paid to investors in cash. For example, in a typical 1-for-10 reverse split, an investor who held 19 shares of a stock trading at $0.52 per share would be given a single share worth $5.20, as well as $4.68 in cash for their remaining nine shares at $0.52 apiece. But with Canopy Growth, such an investor would exchange 10 original shares for a single new share worth $5.20, and get nothing for their other nine original shares.
Of course, I'm being selective in my math here, as the value of nine pre-consolidation shares -- less than $5 in total -- is the most money any single investor can lose in this 1-for-10 consolidation. But with likely hundreds of thousands of individual retail investors among its shareholder base, those fractional shares could add up to millions of dollars that are essentially being taken back from investors at no cost to the company. If Canopy Growth's share price plunge this week is any indication, that choice raised the ire of more than a few of those shareholders. And it's hard to blame spurned investors for parting ways with the stock altogether.
Should you invest $1,000 in Canopy Growth right now?
Before you buy stock in Canopy Growth, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canopy Growth 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
Steve Symington has no position in any of the stocks mentioned. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The bulk of Canopy Growth's drop came on Wednesday, after the company announced it will implement a share consolidation -- typically known as a reverse stock split -- at a 1-for-10 ratio, effective prior to the market's opening bell on Dec. 20. So this decision would have been understandable, even if we ignore the risk that -- absent significant progress in its underlying business -- Canopy Growth's consolidated shares could continue to decline in price, and might head back below the $1 minimum level. But another part of the reverse split plan irked investors: Canopy Growth said that no fractional shares will be issued in connection with the consolidation.
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And by the rules of the Nasdaq, the exchange on which it trades, a stock that closes below $1 per share for 30 consecutive days risks being delisted. But with Canopy Growth, such an investor would exchange 10 original shares for a single new share worth $5.20, and get nothing for their other nine original shares. Before you buy stock in Canopy Growth, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canopy Growth wasn't one of them.
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For example, in a typical 1-for-10 reverse split, an investor who held 19 shares of a stock trading at $0.52 per share would be given a single share worth $5.20, as well as $4.68 in cash for their remaining nine shares at $0.52 apiece. But with Canopy Growth, such an investor would exchange 10 original shares for a single new share worth $5.20, and get nothing for their other nine original shares. Before you buy stock in Canopy Growth, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canopy Growth wasn't one of them.
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What's next for Canopy growth shareholders? For example, in a typical 1-for-10 reverse split, an investor who held 19 shares of a stock trading at $0.52 per share would be given a single share worth $5.20, as well as $4.68 in cash for their remaining nine shares at $0.52 apiece. Before you buy stock in Canopy Growth, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canopy Growth wasn't one of them.
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5760319e-280a-4929-b377-6dd2e5414698
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711862.0
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2023-12-13 00:00:00 UTC
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Comcast (CMCSA) Declines More Than Market: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/comcast-cmcsa-declines-more-than-market%3A-some-information-for-investors
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nan
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nan
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In the latest market close, Comcast (CMCSA) reached $44.48, with a -0.36% movement compared to the previous day. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.36%.
The cable provider's stock has climbed by 5.26% in the past month, falling short of the Consumer Discretionary sector's gain of 7.96% and outpacing the S&P 500's gain of 5.21%.
The investment community will be closely monitoring the performance of Comcast in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.81, reflecting a 1.22% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $30.4 billion, down 0.51% from the year-ago period.
CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $3.94 per share and revenue of $120.73 billion. These results would represent year-over-year changes of +8.24% and -0.58%, respectively.
Investors might also notice recent changes to analyst estimates for Comcast. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.31% higher. At present, Comcast boasts a Zacks Rank of #2 (Buy).
In terms of valuation, Comcast is presently being traded at a Forward P/E ratio of 11.32. This represents a discount compared to its industry's average Forward P/E of 13.29.
Also, we should mention that CMCSA has a PEG ratio of 1.09. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Cable Television was holding an average PEG ratio of 1.09 at yesterday's closing price.
The Cable Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CMCSA in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Comcast Corporation (CMCSA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest market close, Comcast (CMCSA) reached $44.48, with a -0.36% movement compared to the previous day. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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CMCSA's full-year Zacks Consensus Estimates are calling for earnings of $3.94 per share and revenue of $120.73 billion. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Comcast Corporation (CMCSA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 24% of over 250 industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The company's earnings per share (EPS) are projected to be $0.81, reflecting a 1.22% decrease from the same quarter last year. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.31% higher. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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6e9b381d-5fbb-4965-97b7-f3980ec54946
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711863.0
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2023-12-13 00:00:00 UTC
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Microchip Technology (MCHP) Dips More Than Broader Market: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/microchip-technology-mchp-dips-more-than-broader-market%3A-what-you-should-know
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nan
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nan
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Microchip Technology (MCHP) ended the recent trading session at $92.20, demonstrating a -0.82% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.36%.
Prior to today's trading, shares of the chipmaker had gained 13.15% over the past month. This has outpaced the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21% in that time.
The investment community will be closely monitoring the performance of Microchip Technology in its forthcoming earnings report. The company is predicted to post an EPS of $1.13, indicating a 27.56% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.86 billion, down 14.15% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.39 per share and revenue of $8.14 billion, which would represent changes of -10.47% and -3.57%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Microchip Technology. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.09% lower. Microchip Technology presently features a Zacks Rank of #5 (Strong Sell).
Investors should also note Microchip Technology's current valuation metrics, including its Forward P/E ratio of 17.25. Its industry sports an average Forward P/E of 28.41, so one might conclude that Microchip Technology is trading at a discount comparatively.
Meanwhile, MCHP's PEG ratio is currently 1.43. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Semiconductor - Analog and Mixed industry stood at 4.17 at the close of the market yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Microchip Technology Incorporated (MCHP) : 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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Microchip Technology (MCHP) ended the recent trading session at $92.20, demonstrating a -0.82% swing from the preceding day's closing price. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $5.39 per share and revenue of $8.14 billion, which would represent changes of -10.47% and -3.57%, respectively, from the prior year. The average PEG ratio for the Semiconductor - Analog and Mixed industry stood at 4.17 at the close of the market yesterday. Click to get this free report Microchip Technology Incorporated (MCHP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $5.39 per share and revenue of $8.14 billion, which would represent changes of -10.47% and -3.57%, respectively, from the prior year. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Microchip Technology (MCHP) ended the recent trading session at $92.20, demonstrating a -0.82% swing from the preceding day's closing price. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 19% of all 250+ industries. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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f0ca0ff7-bcf3-4a59-a8a4-f2ce470dfecf
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711864.0
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2023-12-13 00:00:00 UTC
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Why VeriSign (VRSN) Dipped More Than Broader Market Today
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DCOMP
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https://www.nasdaq.com/articles/why-verisign-vrsn-dipped-more-than-broader-market-today
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nan
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nan
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In the latest trading session, VeriSign (VRSN) closed at $206.65, marking a -1.82% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.01%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.36%.
Shares of the internet infrastructure services provider have appreciated by 0.56% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21%.
The investment community will be closely monitoring the performance of VeriSign in its forthcoming earnings report. The company is forecasted to report an EPS of $1.83, showcasing a 7.65% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $381.01 million, reflecting a 3.2% rise from the equivalent quarter last year.
VRSN's full-year Zacks Consensus Estimates are calling for earnings of $7.15 per share and revenue of $1.49 billion. These results would represent year-over-year changes of +14.58% and +4.83%, respectively.
Any recent changes to analyst estimates for VeriSign should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. VeriSign is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, VeriSign currently has a Forward P/E ratio of 29.44. This indicates a premium in contrast to its industry's Forward P/E of 28.72.
The Internet - Software and Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 13, finds itself in the top 6% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
VeriSign, Inc. (VRSN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the same time, our most recent consensus estimate is projecting a revenue of $381.01 million, reflecting a 3.2% rise from the equivalent quarter last year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In the latest trading session, VeriSign (VRSN) closed at $206.65, marking a -1.82% move from the previous day. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Click to get this free report VeriSign, Inc. (VRSN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry, currently bearing a Zacks Industry Rank of 13, finds itself in the top 6% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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At the same time, our most recent consensus estimate is projecting a revenue of $381.01 million, reflecting a 3.2% rise from the equivalent quarter last year. This industry, currently bearing a Zacks Industry Rank of 13, finds itself in the top 6% echelons of all 250+ industries. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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114f90ac-774d-45da-958c-5f47dd986591
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711865.0
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2023-12-13 00:00:00 UTC
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Why Infineon Technologies AG (IFNNY) Dipped More Than Broader Market Today
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DCOMP
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https://www.nasdaq.com/articles/why-infineon-technologies-ag-ifnny-dipped-more-than-broader-market-today
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nan
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nan
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Infineon Technologies AG (IFNNY) closed the latest trading day at $42, indicating a -0.59% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.36%.
Heading into today, shares of the company had gained 14.34% over the past month, outpacing the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21% in that time.
Market participants will be closely following the financial results of Infineon Technologies AG in its upcoming release. In that report, analysts expect Infineon Technologies AG to post earnings of $0.51 per share. This would mark a year-over-year decline of 21.54%.
For the full year, the Zacks Consensus Estimates project earnings of $2.51 per share and a revenue of $18.51 billion, demonstrating changes of -11.31% and +6.24%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Infineon Technologies AG. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 5.47% fall in the Zacks Consensus EPS estimate. Right now, Infineon Technologies AG possesses a Zacks Rank of #3 (Hold).
Investors should also note Infineon Technologies AG's current valuation metrics, including its Forward P/E ratio of 16.85. This expresses a discount compared to the average Forward P/E of 28.14 of its industry.
We can also see that IFNNY currently has a PEG ratio of 3.1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Electronics - Semiconductors industry had an average PEG ratio of 4.32.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 189, positioning it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Infineon Technologies AG (IFNNY) : 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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Infineon Technologies AG (IFNNY) closed the latest trading day at $42, indicating a -0.59% change from the previous session's end. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Infineon Technologies AG (IFNNY) closed the latest trading day at $42, indicating a -0.59% change from the previous session's end. Heading into today, shares of the company had gained 14.34% over the past month, outpacing the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21% in that time. Click to get this free report Infineon Technologies AG (IFNNY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, this industry holds a Zacks Industry Rank of 189, positioning it in the bottom 25% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Infineon Technologies AG (IFNNY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Infineon Technologies AG (IFNNY) closed the latest trading day at $42, indicating a -0.59% change from the previous session's end. Heading into today, shares of the company had gained 14.34% over the past month, outpacing the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21% in that time. Right now, Infineon Technologies AG possesses a Zacks Rank of #3 (Hold).
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6724d85a-3e08-4ae3-82ae-6ace19a28df8
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711866.0
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2023-12-13 00:00:00 UTC
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Why DexCom (DXCM) Dipped More Than Broader Market Today
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DCOMP
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https://www.nasdaq.com/articles/why-dexcom-dxcm-dipped-more-than-broader-market-today
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nan
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nan
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DexCom (DXCM) ended the recent trading session at $122.59, demonstrating a -0.41% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.36%.
The medical device company's shares have seen an increase of 17.5% over the last month, surpassing the Medical sector's gain of 5.79% and the S&P 500's gain of 5.21%.
Analysts and investors alike will be keeping a close eye on the performance of DexCom in its upcoming earnings disclosure. In that report, analysts expect DexCom to post earnings of $0.43 per share. This would mark year-over-year growth of 26.47%. In the meantime, our current consensus estimate forecasts the revenue to be $1 billion, indicating a 23.26% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.44 per share and a revenue of $3.59 billion, signifying shifts of +65.52% and +23.47%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for DexCom. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.7% higher. DexCom presently features a Zacks Rank of #2 (Buy).
With respect to valuation, DexCom is currently being traded at a Forward P/E ratio of 85.65. Its industry sports an average Forward P/E of 24.28, so one might conclude that DexCom is trading at a premium comparatively.
Meanwhile, DXCM's PEG ratio is currently 2.55. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Medical - Instruments industry currently had an average PEG ratio of 2.69 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 74, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
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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DexCom (DXCM) ended the recent trading session at $122.59, demonstrating a -0.41% swing from the preceding day's closing price. In the meantime, our current consensus estimate forecasts the revenue to be $1 billion, indicating a 23.26% growth compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.44 per share and a revenue of $3.59 billion, signifying shifts of +65.52% and +23.47%, respectively, from the last year.
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The medical device company's shares have seen an increase of 17.5% over the last month, surpassing the Medical sector's gain of 5.79% and the S&P 500's gain of 5.21%. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report DexCom, Inc. (DXCM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, this industry holds a Zacks Industry Rank of 74, positioning it in the top 30% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Analysts and investors alike will be keeping a close eye on the performance of DexCom in its upcoming earnings disclosure. The Medical - Instruments industry currently had an average PEG ratio of 2.69 as of yesterday's close. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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5e6a9848-70da-4c51-8fc1-e0f1722ef1d4
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711867.0
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2023-12-13 00:00:00 UTC
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PayPal Is a Smart Stock to Buy on the Dip, but There's 1 Warning
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DCOMP
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https://www.nasdaq.com/articles/paypal-is-a-smart-stock-to-buy-on-the-dip-but-theres-1-warning
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nan
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nan
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PayPal (NASDAQ: PYPL) was once one of the best-performing stocks out there. From its spinoff from eBay in July 2015 to its peak price in July 2021, shares rose about 740%, a monster gain.
But it's been all downhill since then. As of this writing, the shares are 80% off that all-time high.
Despite this poor performance, this payments and fintech giant is still a smart stock to buy, especially on the dip. But investors should heed one warning sign.
A quality business with great attributes
I think there are many reasons to like PayPal. By operating a two-sided platform, with 35 million merchants and 393 million individual accounts, this business benefits from network effects. The greater the adoption PayPal gets from both user groups, the more valuable the platform becomes because there's higher utility. This is what makes up the company's economic moat.
The stock's performance doesn't show it, but this is an extremely profitable enterprise. PayPal consistently generates positive free cash flow (what's left from cash flow after business investments and capital expenditures), with $4.6 billion estimated for 2023. Plus, management is focused on aggressively buying back shares.
I also want to point out that PayPal is still posting healthy growth, even in the face of macro headwinds. Revenue and total payment volume grew 8% and 15%, respectively, in the most recent quarter.
For all these positive qualities, investors are only being asked to pay a price-to-earnings ratio of 18.5. That's a discount to the overall S&P 500.
Competition adds uncertainty to the mix
Based on the points outlined here, PayPal isn't like most fintech companies out there. This is a great business that has a track record of success. And it looks like a smart investment to make right now.
However, astute investors are always concerned about any risk factors. In PayPal's case, we can't ignore how incredibly competitive the payments landscape has become.
This shouldn't be surprising. PayPal has long been at the forefront of the rise of digital payments. And this has been the case both for consumers and merchants. This success, though, attracted an army of competitors.
On the merchant side, PayPal competes in a variety of areas, like fees, fraud minimization, authorization rates, and the customer experience. From a merchant's perspective, there are a lot of service providers to choose from that go up against PayPal's Braintree. Privately held Stripe, Shopify, and Adyen are formidable opponents, all posing challenges to PayPal.
Consumers probably care most about ease of use and ubiquitous acceptance. On that latter point, PayPal outshines rivals. In 2022, it was the most widely accepted digital wallet among the 1,500 biggest retailers in North America and Europe, with nearly 80% penetration.
From personal experience, though, I have rarely used PayPal as a checkout option. And most of the people I know don't, either. I use Venmo all the time (also a PayPal holding), but the business doesn't generate any revenue from me sending and receiving money to friends.
On the other hand, I find myself using a key competitor service, Apple Pay, almost every day, it seems like. The fact that Apple owns the mobile operating platform and can put its payment methodology above others is a key advantage.
Shopify's Shop Pay, Alphabet's Google Pay, and Block's Cash App are other popular consumer-facing digital wallets that compete with PayPal's offering.
From an investment perspective, when aiming to own a stock for the next five to 10 years, the competitive landscape must factor into the decision-making process. That's because changes that happen in the industry can either positively or negatively impact a particular business and its trajectory.
Investors can't ignore the heightened competition, which adds an element of heightened risk to the PayPal investing thesis. If you still like the stock, initiating a tiny position could be the right move.
Should you invest $1,000 in PayPal right now?
Before you buy stock in PayPal, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and PayPal wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adyen, Alphabet, Apple, Block, PayPal, and Shopify. The Motley Fool recommends eBay and recommends the following options: short December 2023 $67.50 puts on PayPal and short January 2024 $45 calls on eBay. 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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Competition adds uncertainty to the mix Based on the points outlined here, PayPal isn't like most fintech companies out there. On the merchant side, PayPal competes in a variety of areas, like fees, fraud minimization, authorization rates, and the customer experience. I use Venmo all the time (also a PayPal holding), but the business doesn't generate any revenue from me sending and receiving money to friends.
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Investors can't ignore the heightened competition, which adds an element of heightened risk to the PayPal investing thesis. The Motley Fool has positions in and recommends Adyen, Alphabet, Apple, Block, PayPal, and Shopify. The Motley Fool recommends eBay and recommends the following options: short December 2023 $67.50 puts on PayPal and short January 2024 $45 calls on eBay.
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Investors can't ignore the heightened competition, which adds an element of heightened risk to the PayPal investing thesis. Before you buy stock in PayPal, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and PayPal wasn't one of them. The Motley Fool has positions in and recommends Adyen, Alphabet, Apple, Block, PayPal, and Shopify.
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In PayPal's case, we can't ignore how incredibly competitive the payments landscape has become. On the other hand, I find myself using a key competitor service, Apple Pay, almost every day, it seems like. Before you buy stock in PayPal, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and PayPal wasn't one of them.
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3fc17189-6edd-4b53-ab2c-974ce86a6162
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711868.0
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2023-12-13 00:00:00 UTC
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Paycom Software (PAYC) Declines More Than Market: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/paycom-software-payc-declines-more-than-market%3A-some-information-for-investors
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nan
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nan
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The latest trading session saw Paycom Software (PAYC) ending at $202.77, denoting a -0.46% adjustment from its last day's close. This change lagged the S&P 500's 0.01% loss on the day. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.36%.
The maker of human-resources and payroll software's stock has climbed by 17.31% in the past month, exceeding the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21%.
Investors will be eagerly watching for the performance of Paycom Software in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.78, reflecting a 2.89% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $422.54 million, up 14.01% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.64 per share and a revenue of $1.68 billion, signifying shifts of +24.43% and +22.28%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Paycom Software. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. Currently, Paycom Software is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Paycom Software is at present trading with a Forward P/E ratio of 26.65. This valuation marks a discount compared to its industry's average Forward P/E of 40.21.
Also, we should mention that PAYC has a PEG ratio of 1.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.8.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Paycom Software, Inc. (PAYC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The latest trading session saw Paycom Software (PAYC) ending at $202.77, denoting a -0.46% adjustment from its last day's close. For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.64 per share and a revenue of $1.68 billion, signifying shifts of +24.43% and +22.28%, respectively, from the last year. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The latest trading session saw Paycom Software (PAYC) ending at $202.77, denoting a -0.46% adjustment from its last day's close. For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.64 per share and a revenue of $1.68 billion, signifying shifts of +24.43% and +22.28%, respectively, from the last year. Click to get this free report Paycom Software, Inc. (PAYC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The latest trading session saw Paycom Software (PAYC) ending at $202.77, denoting a -0.46% adjustment from its last day's close. The company's earnings per share (EPS) are projected to be $1.78, reflecting a 2.89% increase from the same quarter last year. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
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8433034c-ab93-4467-985c-4fa92d7671bf
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711869.0
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2023-12-13 00:00:00 UTC
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Cloudflare (NET) Advances While Market Declines: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/cloudflare-net-advances-while-market-declines%3A-some-information-for-investors-0
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nan
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nan
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Cloudflare (NET) ended the recent trading session at $85.05, demonstrating a +0.46% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.01% loss on the day. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.36%.
The web security and content delivery company's shares have seen an increase of 19.75% over the last month, surpassing the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21%.
Investors will be eagerly watching for the performance of Cloudflare in its upcoming earnings disclosure. On that day, Cloudflare is projected to report earnings of $0.12 per share, which would represent year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $352.69 million, up 28.39% from the year-ago period.
NET's full-year Zacks Consensus Estimates are calling for earnings of $0.46 per share and revenue of $1.29 billion. These results would represent year-over-year changes of +253.85% and +31.94%, respectively.
Investors should also note any recent changes to analyst estimates for Cloudflare. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Cloudflare is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Cloudflare is holding a Forward P/E ratio of 186.07. This represents a premium compared to its industry's average Forward P/E of 40.21.
Also, we should mention that NET has a PEG ratio of 3.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 1.8 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NET in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Cloudflare, Inc. (NET) : 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.
|
Cloudflare (NET) ended the recent trading session at $85.05, demonstrating a +0.46% swing from the preceding day's closing price. NET's full-year Zacks Consensus Estimates are calling for earnings of $0.46 per share and revenue of $1.29 billion. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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NET's full-year Zacks Consensus Estimates are calling for earnings of $0.46 per share and revenue of $1.29 billion. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Cloudflare, Inc. (NET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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On that day, Cloudflare is projected to report earnings of $0.12 per share, which would represent year-over-year growth of 100%. At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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2d40ce04-ff28-4ff3-b27e-54f1cea38e7c
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711870.0
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2023-12-13 00:00:00 UTC
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Why Terex (TEX) Dipped More Than Broader Market Today
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DCOMP
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https://www.nasdaq.com/articles/why-terex-tex-dipped-more-than-broader-market-today
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nan
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nan
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Terex (TEX) closed the latest trading day at $58.03, indicating a -0.62% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.36%.
Heading into today, shares of the machinery products maker had gained 16.83% over the past month, outpacing the Industrial Products sector's gain of 8.56% and the S&P 500's gain of 5.21% in that time.
Market participants will be closely following the financial results of Terex in its upcoming release. In that report, analysts expect Terex to post earnings of $1.40 per share. This would mark year-over-year growth of 4.48%. In the meantime, our current consensus estimate forecasts the revenue to be $1.23 billion, indicating a 0.65% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.09 per share and revenue of $5.15 billion, indicating changes of +64.12% and +16.68%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Terex. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.05% rise in the Zacks Consensus EPS estimate. At present, Terex boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Terex is at present trading with a Forward P/E ratio of 8.23. This represents a discount compared to its industry's average Forward P/E of 10.08.
Meanwhile, TEX's PEG ratio is currently 0.7. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Manufacturing - Construction and Mining industry had an average PEG ratio of 0.96 as trading concluded yesterday.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 230, this industry ranks in the bottom 9% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Terex Corporation (TEX) : 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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Terex (TEX) closed the latest trading day at $58.03, indicating a -0.62% change from the previous session's end. In the meantime, our current consensus estimate forecasts the revenue to be $1.23 billion, indicating a 0.65% growth compared to the corresponding quarter of the prior year. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Terex (TEX) closed the latest trading day at $58.03, indicating a -0.62% change from the previous session's end. In the meantime, our current consensus estimate forecasts the revenue to be $1.23 billion, indicating a 0.65% growth compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.09 per share and revenue of $5.15 billion, indicating changes of +64.12% and +16.68%, respectively, compared to the previous year.
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Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.09 per share and revenue of $5.15 billion, indicating changes of +64.12% and +16.68%, respectively, compared to the previous year. With its current Zacks Industry Rank of 230, this industry ranks in the bottom 9% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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Terex (TEX) closed the latest trading day at $58.03, indicating a -0.62% change from the previous session's end. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.09 per share and revenue of $5.15 billion, indicating changes of +64.12% and +16.68%, respectively, compared to the previous year. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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711871.0
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2023-12-13 00:00:00 UTC
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Ford Motor Company (F) Dips More Than Broader Market: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/ford-motor-company-f-dips-more-than-broader-market%3A-what-you-should-know
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nan
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nan
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In the latest market close, Ford Motor Company (F) reached $12.02, with a -0.5% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.36%.
The the stock of company has risen by 18.9% in the past month, leading the Auto-Tires-Trucks sector's gain of 4.86% and the S&P 500's gain of 5.21%.
Investors will be eagerly watching for the performance of Ford Motor Company in its upcoming earnings disclosure. On that day, Ford Motor Company is projected to report earnings of $0.13 per share, which would represent a year-over-year decline of 74.51%. Our most recent consensus estimate is calling for quarterly revenue of $37.23 billion, down 10.94% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.86 per share and revenue of $162.92 billion, which would represent changes of -1.06% and +9.33%, respectively, from the prior year.
Any recent changes to analyst estimates for Ford Motor Company should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.76% downward. Ford Motor Company is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Ford Motor Company is holding a Forward P/E ratio of 6.49. This denotes a discount relative to the industry's average Forward P/E of 10.09.
Investors should also note that F has a PEG ratio of 1.09 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Automotive - Domestic industry was having an average PEG ratio of 1.09.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 138, which puts it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Ford Motor Company (F) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest market close, Ford Motor Company (F) reached $12.02, with a -0.5% movement compared to the previous day. On that day, Ford Motor Company is projected to report earnings of $0.13 per share, which would represent a year-over-year decline of 74.51%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In the latest market close, Ford Motor Company (F) reached $12.02, with a -0.5% movement compared to the previous day. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.86 per share and revenue of $162.92 billion, which would represent changes of -1.06% and +9.33%, respectively, from the prior year. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Ford Motor Company is holding a Zacks Rank of #3 (Hold) right now. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Investors will be eagerly watching for the performance of Ford Motor Company in its upcoming earnings disclosure. On that day, Ford Motor Company is projected to report earnings of $0.13 per share, which would represent a year-over-year decline of 74.51%. Any recent changes to analyst estimates for Ford Motor Company should also be noted by investors.
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711872.0
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2023-12-13 00:00:00 UTC
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Humana (HUM) Falls More Steeply Than Broader Market: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/humana-hum-falls-more-steeply-than-broader-market%3A-what-investors-need-to-know
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nan
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The latest trading session saw Humana (HUM) ending at $461.46, denoting a -1.62% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.01%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.36%.
Heading into today, shares of the health insurer had lost 8.55% over the past month, lagging the Medical sector's gain of 5.79% and the S&P 500's gain of 5.21% in that time.
The investment community will be closely monitoring the performance of Humana in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.13, marking a 31.48% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $25.38 billion, up 13.12% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $28.29 per share and a revenue of $102.27 billion, signifying shifts of +12.08% and +10.12%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Humana. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. Humana is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Humana is presently trading at a Forward P/E ratio of 16.58. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 16.58.
It's also important to note that HUM currently trades at a PEG ratio of 1.23. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Medical - HMOs industry had an average PEG ratio of 1.16 as trading concluded yesterday.
The Medical - HMOs industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 66, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Humana Inc. (HUM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $28.29 per share and a revenue of $102.27 billion, signifying shifts of +12.08% and +10.12%, respectively, from the last year. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $28.29 per share and a revenue of $102.27 billion, signifying shifts of +12.08% and +10.12%, respectively, from the last year. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report Humana Inc. (HUM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, this industry holds a Zacks Industry Rank of 66, positioning it in the top 27% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The latest trading session saw Humana (HUM) ending at $461.46, denoting a -1.62% adjustment from its last day's close. It is anticipated that the company will report an EPS of $2.13, marking a 31.48% rise compared to the same quarter of the previous year. Currently, this industry holds a Zacks Industry Rank of 66, positioning it in the top 27% of all 250+ industries.
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711873.0
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2023-12-13 00:00:00 UTC
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Why the Market Dipped But Super Micro Computer (SMCI) Gained Today
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DCOMP
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https://www.nasdaq.com/articles/why-the-market-dipped-but-super-micro-computer-smci-gained-today
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nan
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nan
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Super Micro Computer (SMCI) closed at $300.11 in the latest trading session, marking a +1.94% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.36%.
Heading into today, shares of the server technology company had gained 3.78% over the past month, lagging the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21% in that time.
Market participants will be closely following the financial results of Super Micro Computer in its upcoming release. It is anticipated that the company will report an EPS of $4.57, marking a 40.18% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.8 billion, indicating a 55.38% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.88 per share and revenue of $10.5 billion. These totals would mark changes of +42.93% and +47.4%, respectively, from last year.
Any recent changes to analyst estimates for Super Micro Computer should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Super Micro Computer possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Super Micro Computer is presently trading at a Forward P/E ratio of 17.44. This expresses a discount compared to the average Forward P/E of 19.23 of its industry.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Super Micro Computer, Inc. (SMCI) : 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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Super Micro Computer (SMCI) closed at $300.11 in the latest trading session, marking a +1.94% move from the prior day. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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Super Micro Computer (SMCI) closed at $300.11 in the latest trading session, marking a +1.94% move from the prior day. Heading into today, shares of the server technology company had gained 3.78% over the past month, lagging the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21% in that time. Click to get this free report Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Heading into today, shares of the server technology company had gained 3.78% over the past month, lagging the Computer and Technology sector's gain of 3.87% and the S&P 500's gain of 5.21% in that time. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Super Micro Computer (SMCI) closed at $300.11 in the latest trading session, marking a +1.94% move from the prior day. It is anticipated that the company will report an EPS of $4.57, marking a 40.18% rise compared to the same quarter of the previous year. Any recent changes to analyst estimates for Super Micro Computer should also be noted by investors.
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ec18d8ac-7c06-48f8-9b90-c37cb1c30ad5
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711874.0
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2023-12-13 00:00:00 UTC
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Here Are My Top 10 Stocks for 2024
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DCOMP
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https://www.nasdaq.com/articles/here-are-my-top-10-stocks-for-2024
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nan
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nan
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As we approach 2024, I've started compiling a list of stocks I believe will have a strong year. While some of these stocks had an incredible 2023, they are still positioned to succeed in 2024.
While the reasons behind these ideas are varied, I'm confident that each of these stocks should make money in 2024. But even if they don't, I'm confident all of them will beat the market over five years.
1. Alphabet
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) leads off my list as a top stock in 2024. Two major tailwinds should help it in 2024: advertising and artificial intelligence (AI) proliferation.
With the Google search engine and YouTube, Alphabet's revenue streams are derived from ad sales. In 2022 and the first part of 2023, companies weren't growing their advertisement spending due to the economic outlook. In the third quarter, Alphabet's ad revenue rose 9%, a significant improvement from previous quarters.
Alphabet also announced the latest iteration of its Gemini generative AI model, which has received top marks in multiple tests. While it may be some time before Alphabet monetizes it, the advancements made in 2023 will help push the stock higher in 2024.
With Alphabet's stock trading for only 20 times 2024 earnings, it looks like a bargain at these levels.
2. Amazon
Amazon (NASDAQ: AMZN) is a close second to Alphabet, as its business is starting to hit its stride.
Amazon's margins dramatically improved throughout 2023 thanks to efficiency initiatives from CEO Andy Jassy.
AMZN Gross Profit Margin (Quarterly) data by YCharts.
With its margins nearing all-time highs, Amazon appears likely to have a banner 2024 if it can maintain these gains for an entire year. I'm confident they can do this because Jassy isn't chasing growth like Jeff Bezos used to. Still, Amazon's revenue rose 13% in its latest quarter.
This growth was despite its Amazon Web Services (AWS) cloud computing business not having a strong year. With the rise of artificial intelligence, this product should be in demand again, which will power Amazon to have a great 2024 combined with improved margins.
3. Airbnb
Every recession and short-term rental ban was supposed to sink Airbnb (NASDAQ: ABNB) in 2023. Yet, the business continues to chug on and deliver excellent results.
In Q3, revenue rose 18% to $3.4 billion, and it converted nearly 40% of its revenue into free cash flow. So, whatever happens with the economy in 2024, Airbnb will still be a cash-generating machine, allowing it to repurchase its already cheap stock and making it a solid pick for 2024.
4. CrowdStrike
Cybersecurity is still a hot-button topic for many companies. Protecting internal resources and customer information has never been more important, and with cybercriminals becoming more sophisticated, having top-notch protection is vital.
That's where CrowdStrike (NASDAQ: CRWD) enters. Its endpoint protection software protects network endpoints like laptops or cellphones using a machine learning program that can identify normal activity and what is a threat. But that's just the beginning; CrowdStrike offers many more types of protection, which is why 63% of customers use at least five products.
With the current cybersecurity market worth around $100 billion, CrowdStrike has a lot of room to grow as its annual recurring revenue was only $3.15 billion (which grew 35% year over year in Q3). CrowdStrike has a long way to go in a vital market, making it a top stock pick not only in 2024 but also in the years to come.
5. MercadoLibre
Few commerce companies can match the growth of Latin America's MercadoLibre (NASDAQ: MELI).
Its dual-path approach to growth, which includes a commerce and a fintech wing, is wildly successful. As an example, commerce revenue grew a currency-neutral 76% to $2.13 billion in Q3 -- the best mark in over a year. Not to be outdone, fintech rose an impressive 61% to $1.63 billion.
MercadoLibre is expected to continue its strong growth into 2024, as Wall Street analysts project 23% revenue growth for next year. However, MercadoLibre consistently beat these expectations, so don't be surprised if it grows quicker than that.
With a massive market opportunity in Latin America, MercadoLibre is positioned to have another strong year.
6. Taiwan Semiconductor
Taiwan Semiconductor (NYSE: TSM) should also have a strong 2024 as the chip demand cycle is starting to bottom out, according to TSMC management.
Additionally, its 3nm (nanometer) chip is starting to reach full production, boosting revenue as products like the iPhone and Nvidia's GPUs integrate game-changing technology.
With the stock trading at 16 times 2024 earnings, it's a no-brainer buy right now.
7. UiPath
UiPath's (NYSE: PATH) product is robotic process automation (RPA) software. This helps its users automate repetitive tasks. While not an AI technology outright, UiPath offers several AI tools to increase the number of tasks it can automate.
Similar to CrowdStrike, UiPath has a massive market in front of it. Grand View Research projects this market will grow from $2.9 billion in 2022 to $30.9 billion by 2030. With UiPath's annual recurring revenue sitting at $1.38 billion (up 24% year over year in Q3), it's already captured a large chunk of this market.
If UiPath can maintain its leadership position, the company will have a strong decade of growth in front of it, making the 12 times sales price tag on the stock seem cheap.
8. dLocal
Although it's not a well-known business, dLocal (NASDAQ: DLO) has a product that's a game changer for its clients. Its software gives its customers access to areas of the world previously thought to be too expensive to reach.
Instead of developing a payment processing infrastructure in places like India, Peru, Nigeria, or Bangladesh, companies can concede a part of the revenue to dLocal, who will take care of the financial transaction. With customers like Amazon, Shopify, Nike, and Spotify, it's a trusted business.
Despite the company being relatively small ($164 million in revenue, up 47% year over year), it consistently turns a profit. In its latest quarter, it delivered a 25% profit margin.
The stock is also cheap, trading at just 21 times 2024 earnings, making it a solid buy for next year.
9. PayPal
PayPal (NASDAQ: PYPL) is one of the cheapest stocks on the market, yet it delivers solid business results.
PYPL P/E Ratio data by YCharts.
For comparison, the S&P 500 trades at 25 times trailing and 21 times forward earnings, showing just how cheap PayPal's stock is.
With PayPal's new CEO getting up to speed and analysts projecting market-beating earnings growth, PayPal should recover in 2024.
10. Adobe
Last but not least on this list is Adobe (NASDAQ: ADBE). While Adobe is known for its digital media creation tools, it's starting to expand into generative AI.
Its Firefly product is a revolutionary way to create and modify graphics and further cements Adobe as the industry's standard digital media toolkit.
While Adobe is trading at 30 times 2024 earnings, it enters the year at an attractive price, especially considering Adobe has averaged 50 times earnings since switching its business model in 2016.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keithen Drury has positions in Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, DLocal, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath. The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe, short December 2023 $67.50 puts on PayPal, 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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If UiPath can maintain its leadership position, the company will have a strong decade of growth in front of it, making the 12 times sales price tag on the stock seem cheap. Instead of developing a payment processing infrastructure in places like India, Peru, Nigeria, or Bangladesh, companies can concede a part of the revenue to dLocal, who will take care of the financial transaction. Keithen Drury has positions in Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, DLocal, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath.
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Keithen Drury has positions in Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, DLocal, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath. The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe, short December 2023 $67.50 puts on PayPal, and short January 2024 $430 calls on Adobe.
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With the current cybersecurity market worth around $100 billion, CrowdStrike has a lot of room to grow as its annual recurring revenue was only $3.15 billion (which grew 35% year over year in Q3). 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 Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath.
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But that's just the beginning; CrowdStrike offers many more types of protection, which is why 63% of customers use at least five products. Keithen Drury has positions in Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, DLocal, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath. The Motley Fool has positions in and recommends Adobe, Airbnb, Alphabet, Amazon, CrowdStrike, MercadoLibre, PayPal, Taiwan Semiconductor Manufacturing, and UiPath.
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573da3a5-9e56-466c-b8c2-3da6e37476f7
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711875.0
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2023-12-13 00:00:00 UTC
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Better Cloud Stock: Adobe vs. Salesforce
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https://www.nasdaq.com/articles/better-cloud-stock%3A-adobe-vs.-salesforce
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Adobe (NASDAQ: ADBE) and Salesforce (NYSE: CRM) are two of the world's largest cloud software companies. Adobe transformed its desktop-based media software into cloud-based services over the past decade, while Salesforce owns the world's leading cloud-based customer relationship management (CRM) platform. Both companies also provide additional sales, marketing, e-commerce, and analytics services.
Adobe and Salesforce both reached their all-time highs during the apex of the growth stock rally in November 2021. But both stocks have pulled back over the following two years as rising interest rates drove investors toward more conservative investments. Should you invest in either of these cloud giants before the market heats up again?
Image source: Getty Images.
Adobe faces slower growth and regulatory challenges
Adobe's revenue grew at a compound annual growth rate (CAGR) of 19% from fiscal 2017 to fiscal 2022 (which ended on Dec. 2, 2022). But in fiscal 2023, its revenue only rose 10%, and it expects just 10%-11% growth in fiscal 2024.
Adobe's Digital Media segment, which accounted for 73% of its revenue in fiscal 2023, is still growing at a steady rate as it locks media professionals into its sticky subscriptions. But its enterprise-facing Digital Experience segment, which accounted for 25% of its revenue, faced tougher macro headwinds over the past year. Currency headwinds also reduced its reported revenue growth by three percentage points for the full year.
Adobe's slower growth disappointed investors, who had expected its new generative AI tools -- which can be used to create AI images, photos, and 3D models, as well as accelerate other enterprise tasks -- to boost its near-term sales.
Adobe's operating margins are still rising and its adjusted EPS grew 17% in fiscal 2023, but it expects just 10%-12% growth in fiscal 2024. It also recently warned it could incur "significant monetary costs" to settle a Federal Trade Commission (FTC) probe into the cancellation policies for its subscriptions, and its $20 billion acquisition of Figma remains in limbo due to antitrust challenges. Adobe's EPS outlook for fiscal 2024 doesn't account for either of those unpredictable factors.
That combination of slowing growth and regulatory headwinds spooked the bulls, who had rushed back to Adobe amid the buying frenzy in AI stocks. Even after its post-earnings decline, it still doesn't look cheap at 33 times forward earnings.
Salesforce is prioritizing its profits over its sales growth
Salesforce's revenue rose at a CAGR of 26% from fiscal 2017 to fiscal 2022 (which ended on Jan. 31, 2022). But its revenue only increased 18% in fiscal 2023, and it expects just 11% growth in fiscal 2024.
Salesforce faces many of the same challenges as Adobe. The macro headwinds made it difficult to lock bigger customers into longer contracts, while the currency headwinds reduced its reported revenue by four percentage points in fiscal 2023.
Salesforce has also been expanding its AI ecosystem to analyze its customer data more efficiently and accelerate certain tasks. But those new services aren't moving the needle on their own yet -- and Salesforce still faces stiff competition from Microsoft, Oracle, and other tech giants in the CRM market.
Over the past year, the stabilizing growth of Salesforce's platform and other business (which houses Lightning and Slack) and the accelerating growth of its data cloud (which includes Mulesoft and Tableau) offset the slower growth of its sales cloud, service cloud, and marketing & commerce cloud businesses. But those three weaker businesses -- which together accounted for 65% of its revenue in the first nine months of fiscal 2024 -- could recover as the macro environment improves.
Activist investors besieged Salesforce throughout the first half of calendar 2023, but they backed off as it significantly boosted its operating margins and earnings by laying off 10% of its workforce and reining in its spending. Its adjusted EPS only rose 10% in fiscal 2023, but it expects an acceleration to 56% growth in fiscal 2024.
Salesforce's stock looks cheap at 29 times next year's earnings, but the bears warn that its prioritization of profitability over sales growth could narrow its competitive moat in the crowded cloud software market.
The better buy: Salesforce
I'm not a big fan of either stock right now because the flaws are easy to spot. But if I had to choose one over the other, I'd pick Salesforce. Its profit growth is accelerating, its stock is cheaper, and it doesn't face any regulatory challenges.
Should you invest $1,000 in Adobe right now?
Before you buy stock in Adobe, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Adobe 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
Leo Sun has positions in Adobe. The Motley Fool has positions in and recommends Adobe, Microsoft, Oracle, and Salesforce. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe 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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It also recently warned it could incur "significant monetary costs" to settle a Federal Trade Commission (FTC) probe into the cancellation policies for its subscriptions, and its $20 billion acquisition of Figma remains in limbo due to antitrust challenges. Activist investors besieged Salesforce throughout the first half of calendar 2023, but they backed off as it significantly boosted its operating margins and earnings by laying off 10% of its workforce and reining in its spending. Salesforce's stock looks cheap at 29 times next year's earnings, but the bears warn that its prioritization of profitability over sales growth could narrow its competitive moat in the crowded cloud software market.
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Adobe faces slower growth and regulatory challenges Adobe's revenue grew at a compound annual growth rate (CAGR) of 19% from fiscal 2017 to fiscal 2022 (which ended on Dec. 2, 2022). Salesforce is prioritizing its profits over its sales growth Salesforce's revenue rose at a CAGR of 26% from fiscal 2017 to fiscal 2022 (which ended on Jan. 31, 2022). Over the past year, the stabilizing growth of Salesforce's platform and other business (which houses Lightning and Slack) and the accelerating growth of its data cloud (which includes Mulesoft and Tableau) offset the slower growth of its sales cloud, service cloud, and marketing & commerce cloud businesses.
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Adobe faces slower growth and regulatory challenges Adobe's revenue grew at a compound annual growth rate (CAGR) of 19% from fiscal 2017 to fiscal 2022 (which ended on Dec. 2, 2022). Over the past year, the stabilizing growth of Salesforce's platform and other business (which houses Lightning and Slack) and the accelerating growth of its data cloud (which includes Mulesoft and Tableau) offset the slower growth of its sales cloud, service cloud, and marketing & commerce cloud businesses. Before you buy stock in Adobe, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Adobe wasn't one of them.
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Adobe's slower growth disappointed investors, who had expected its new generative AI tools -- which can be used to create AI images, photos, and 3D models, as well as accelerate other enterprise tasks -- to boost its near-term sales. Salesforce's stock looks cheap at 29 times next year's earnings, but the bears warn that its prioritization of profitability over sales growth could narrow its competitive moat in the crowded cloud software market. Before you buy stock in Adobe, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Adobe wasn't one of them.
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711876.0
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2023-12-13 00:00:00 UTC
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ConocoPhillips (COP) Registers a Bigger Fall Than the Market: Important Facts to Note
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https://www.nasdaq.com/articles/conocophillips-cop-registers-a-bigger-fall-than-the-market%3A-important-facts-to-note
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ConocoPhillips (COP) closed at $114.54 in the latest trading session, marking a -0.36% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.36%.
The the stock of energy company has risen by 2.64% in the past month, leading the Oils-Energy sector's gain of 0.19% and undershooting the S&P 500's gain of 5.21%.
The investment community will be paying close attention to the earnings performance of ConocoPhillips in its upcoming release. The company is forecasted to report an EPS of $2.72, showcasing a 0.37% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $15.92 billion, reflecting a 17.37% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.09 per share and a revenue of $59.14 billion, signifying shifts of -32.77% and -28.01%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ConocoPhillips. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.65% higher within the past month. At present, ConocoPhillips boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, ConocoPhillips is holding a Forward P/E ratio of 12.65. This represents a discount compared to its industry's average Forward P/E of 14.21.
Meanwhile, COP's PEG ratio is currently 0.7. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. COP's industry had an average PEG ratio of 0.68 as of yesterday's close.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 179, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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ConocoPhillips (COP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the same time, our most recent consensus estimate is projecting a revenue of $15.92 billion, reflecting a 17.37% fall from the equivalent quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.09 per share and a revenue of $59.14 billion, signifying shifts of -32.77% and -28.01%, respectively, from the last year. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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ConocoPhillips (COP) closed at $114.54 in the latest trading session, marking a -0.36% move from the prior day. For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.09 per share and a revenue of $59.14 billion, signifying shifts of -32.77% and -28.01%, respectively, from the last year. Click to get this free report ConocoPhillips (COP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, this industry holds a Zacks Industry Rank of 179, positioning it in the bottom 29% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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ConocoPhillips (COP) closed at $114.54 in the latest trading session, marking a -0.36% move from the prior day. Currently, this industry holds a Zacks Industry Rank of 179, positioning it in the bottom 29% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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ee4f7b17-b9de-43fb-8366-09f4c3c64924
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711877.0
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2023-12-13 00:00:00 UTC
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Got $3,000? Buying These 3 Stocks Could Make You Rich
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https://www.nasdaq.com/articles/got-%243000-buying-these-3-stocks-could-make-you-rich
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The average Robinhood account is worth about $3,700. That might not seem like a lot of cash when some stocks cost hundreds or thousands of dollars per share, but putting that modest sum on the right stock could generate big, multibagger gains over the long term.
So if you have at least $3,000 in your account, I'd advise splitting that cash evenly across these three underappreciated stocks -- Pinterest (NYSE: PINS), Aehr Test Systems (NASDAQ: AEHR), and Polestar Automotive (NASDAQ: PSNY) -- which could all gain a lot more attention as the macro environment improves.
Image source: Getty Images.
1. Pinterest
A thousand dollars would be enough to buy nearly 30 shares of the social networking company Pinterest. Pinterest's growth accelerated significantly during the pandemic as more people shared their hobbies, interests, and shopping ideas on its pinboards. Its revenue rose 48% in 2020 and 52% in 2021. But in 2022, its revenue only climbed 9% as it struggled to maintain its momentum in a post-pandemic market. Its monthly active users (MAUs) had also dropped to 450 million by the end of 2022, compared to its pandemic-era peak of 478 million MAUs in the first quarter of 2021.
But over the past year, Pinterest's MAU growth accelerated again and finally hit a fresh high of 482 million MAUs in Q3 of 2023. Its total revenue growth also accelerated for three consecutive quarters, and it expects that acceleration to continue into Q4. Analysts expect its revenue to rise 9% in 2023 and 16% in 2024.
That growth, which it attributed to an influx of Gen Z users, its overseas expansion, and new AI-driven recommendations, silenced the bears who had dismissed Pinterest as a fad stock. As Pinterest stabilized, its margins rose sequentially throughout 2023 as it executed layoffs and other cost-cutting measures. That's why analysts expect Pinterest's adjusted EPS to soar 73% in 2023 and 22% in 2024 -- and why its stock still looks reasonably valued at 30 times forward earnings.
2. Aehr Test Systems
Aehr didn't gain much attention when it went public 26 years ago, but the semiconductor testing equipment maker carved out a high-growth niche over the past few years with its production of testing and burn-in equipment for silicon carbide wafers.
Silicon carbide chips can operate at higher voltages, temperatures, and frequencies than traditional silicon chips, which makes them ideal for short-length LEDs, lasers, 5G base stations, military radars, and electric vehicles. Only a handful of chipmakers produce these next-gen chips, and even fewer companies manufacture their testing equipment.
Aehr's early mover advantage in this area -- along with the rapid growth of the EV market -- boosted its revenue by 206% in fiscal 2022 (which ended last May). Its revenue rose another 28% in fiscal 2023, and analysts expect 59% growth in fiscal 2024 as the silicon carbide market continues to expand. They also forecast its adjusted earnings to increase 76% this year and 43% in fiscal 2024.
Those are stellar growth rates for a stock that trades at just 24 times forward earnings. Aehr still has customer concentration issues (79% of its revenue came from a single client in fiscal 2023), and it might face competition from bigger semiconductor equipment makers, but I believe it's a promising long-term play on this next generation of high-end chips. With $1,000, you could pick up roughly 30 shares of Aehr today.
3. Polestar Automotive
Polestar was originally a high-performance subsidiary of Volvo that was spun out as public company in 2022 to focus on its production of electric vehicles. It's already commercially launched a single vehicle, the Polestar 2 sedan, and plans to roll out its next vehicle, the Polestar 3 SUV, in early 2024. Unlike many other smaller EV makers that are struggling to ramp up their production, Polestar is already producing tens of thousands of vehicles each year.
Polestar manufactured 28,677 vehicles in 2021, 51,491 in 2022, and is on track to produce about 60,000 this year. Its production was throttled by supply chain constraints and the delayed launch of the Polestar 3 (which was originally scheduled to arrive this year before being derailed by software issues). However, analysts still expect its revenue to rise 10% in 2023 and surge 66% in 2024 as it resolves its bottlenecks and launches the Polestar 3.
Those growth rates are impressive for a stock that trades at just 1.5 times next year's sales. Polestar isn't profitable yet, but it ended its latest quarter with $951 million in cash and equivalents. Volvo also still owns nearly half of the company and remains one of its top strategic partners. Simply put, Polestar shouldn't be tossed aside with the market's other underdog EV makers. It's a disciplined company that is successfully scaling up its business and has plenty of room to run -- so it might be a smart move to buy about 400 shares of this overlooked EV maker for $1,000.
Should you invest $1,000 in Pinterest right now?
Before you buy stock in Pinterest, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pinterest 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
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pinterest. 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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That growth, which it attributed to an influx of Gen Z users, its overseas expansion, and new AI-driven recommendations, silenced the bears who had dismissed Pinterest as a fad stock. Aehr still has customer concentration issues (79% of its revenue came from a single client in fiscal 2023), and it might face competition from bigger semiconductor equipment makers, but I believe it's a promising long-term play on this next generation of high-end chips. It's a disciplined company that is successfully scaling up its business and has plenty of room to run -- so it might be a smart move to buy about 400 shares of this overlooked EV maker for $1,000.
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So if you have at least $3,000 in your account, I'd advise splitting that cash evenly across these three underappreciated stocks -- Pinterest (NYSE: PINS), Aehr Test Systems (NASDAQ: AEHR), and Polestar Automotive (NASDAQ: PSNY) -- which could all gain a lot more attention as the macro environment improves. Aehr Test Systems Aehr didn't gain much attention when it went public 26 years ago, but the semiconductor testing equipment maker carved out a high-growth niche over the past few years with its production of testing and burn-in equipment for silicon carbide wafers. Its revenue rose another 28% in fiscal 2023, and analysts expect 59% growth in fiscal 2024 as the silicon carbide market continues to expand.
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So if you have at least $3,000 in your account, I'd advise splitting that cash evenly across these three underappreciated stocks -- Pinterest (NYSE: PINS), Aehr Test Systems (NASDAQ: AEHR), and Polestar Automotive (NASDAQ: PSNY) -- which could all gain a lot more attention as the macro environment improves. Aehr Test Systems Aehr didn't gain much attention when it went public 26 years ago, but the semiconductor testing equipment maker carved out a high-growth niche over the past few years with its production of testing and burn-in equipment for silicon carbide wafers. Before you buy stock in Pinterest, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pinterest wasn't one of them.
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Its revenue rose another 28% in fiscal 2023, and analysts expect 59% growth in fiscal 2024 as the silicon carbide market continues to expand. Unlike many other smaller EV makers that are struggling to ramp up their production, Polestar is already producing tens of thousands of vehicles each year. Before you buy stock in Pinterest, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Pinterest wasn't one of them.
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711878.0
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2023-12-13 00:00:00 UTC
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Will Palantir Stock Join the S&P 500 in 2024?
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https://www.nasdaq.com/articles/will-palantir-stock-join-the-sp-500-in-2024
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Artificial intelligence (AI) stocks have captivated investor attention this year like nothing else. The launch of ChatGPT a year ago opened the market's eyes to the potential of new generative AI technologies, and investors have raced to find potential winners.
Palantir Technologies (NYSE: PLTR) has been one of the top AI stock picks, due to its prowess in artificial intelligence-driven data analytics. The stock has more than doubled this year. Palantir was founded in 2003, developing software for counterterrorism investigations for the intelligence community. It was able to connect the dots from massive, disparate datasets to deliver insights and disrupt terrorist plots.
In the age of generative AI, Palantir's technology is in demand by governments as well as big business. The company only has a few hundred customers but deals with complex projects and large contracts, averaging in the several-million-dollar range annually.
The company is generating solid growth. Revenue is up 17% to $558 million in the third quarter, and adjusted operating income doubled from the quarter a year ago to $163.3 million, giving the company a 29% adjusted operating margin.
Image source: Getty Images.
Unlike many AI stocks, Palantir is also profitable based on a generally acceptable accounting principles (GAAP), as total operating costs have fallen from a year ago. In the third quarter, it reported GAAP operating income of $40 million, up from a loss of $62.2 million. With the help of interest income, GAAP net income reached $71.5 million in the quarter, marking its fourth straight quarter with positive GAAP net income.
That achievement prompted CEO Alex Karp to declare, "Our company is now eligible for inclusion in the S&P 500, a milestone that we have been working toward and knew was within reach."
Palantir's next stop: S&P 500?
In order to gain entry into the S&P 500, a company must be headquartered in the U.S. and have a GAAP profit over the last four quarters. In addition, a majority of shares outstanding must be available to the public to buy and sell, and the company must have a market capitalization of at least $14.5 billion, S&P Global's current threshold for large-cap stocks.
Indeed, Palantir now meets all those requirements, but to gain entry to the high-profile, broad-market index, it must replace another stock, and the criteria for removal and addition aren't fully clear. Palantir's market cap of $40 billion makes it more valuable than nearly 300 of the 500 stocks on the S&P 500, making a good argument for its inclusion in the index.
The S&P 500 changes members periodically. Generally, about 20 new stocks join the index in a year.
What S&P 500 membership would mean for Palantir
Stocks typically get a bump of 5% or so when they're added to the S&P 500. That's primarily because index funds that track the broad-market index need to add the stock to their funds when it joins the S&P 500, but it also acts as a stamp of approval from the benchmark index.
Other high-profile stocks that have recently joined the S&P 500 are Uber, which gained as much as 6.2% on Dec. 4 when it was added to the S&P 500, and Airbnb, which jumped 7.2% on the news on Sept. 5.
For Palantir, gaining admission to the S&P 500 in 2024 could be one of many catalysts to drive the AI stock higher. Management has clearly demonstrated its ability to control costs and grow profits. If the company continues to do that, it will surely join the S&P 500, though that may not come next year.
The company's investors will also keep an eye on Palantir's new AI platform and its overall growth rate to see if it's fulfilling its promise of penetrating the massive market for AI-driven data analysis. The stock is expensive today, but if it can ramp up profitability and grow the top line, shares should move higher, especially if it gains S&P 500 admission.
10 stocks we like better than Palantir Technologies
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Palantir Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of December 4, 2023
Jeremy Bowman has positions in Airbnb. The Motley Fool has positions in and recommends Airbnb, Palantir Technologies, S&P Global, and Uber Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Unlike many AI stocks, Palantir is also profitable based on a generally acceptable accounting principles (GAAP), as total operating costs have fallen from a year ago. In addition, a majority of shares outstanding must be available to the public to buy and sell, and the company must have a market capitalization of at least $14.5 billion, S&P Global's current threshold for large-cap stocks. Indeed, Palantir now meets all those requirements, but to gain entry to the high-profile, broad-market index, it must replace another stock, and the criteria for removal and addition aren't fully clear.
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The launch of ChatGPT a year ago opened the market's eyes to the potential of new generative AI technologies, and investors have raced to find potential winners. Revenue is up 17% to $558 million in the third quarter, and adjusted operating income doubled from the quarter a year ago to $163.3 million, giving the company a 29% adjusted operating margin. With the help of interest income, GAAP net income reached $71.5 million in the quarter, marking its fourth straight quarter with positive GAAP net income.
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Revenue is up 17% to $558 million in the third quarter, and adjusted operating income doubled from the quarter a year ago to $163.3 million, giving the company a 29% adjusted operating margin. Unlike many AI stocks, Palantir is also profitable based on a generally acceptable accounting principles (GAAP), as total operating costs have fallen from a year ago. 10 stocks we like better than Palantir Technologies When our analyst team has a stock tip, it can pay to listen.
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Artificial intelligence (AI) stocks have captivated investor attention this year like nothing else. Generally, about 20 new stocks join the index in a year. The Motley Fool has positions in and recommends Airbnb, Palantir Technologies, S&P Global, and Uber Technologies.
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b99f690c-d727-474f-a1aa-05ff4c484fa8
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711879.0
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2023-12-13 00:00:00 UTC
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3 Cheap Dividend Aristocrats for 2024
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DCOMP
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https://www.nasdaq.com/articles/3-cheap-dividend-aristocrats-for-2024
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nan
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nan
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In today's video, I look at three companies that have increased their dividends for at least 25 consecutive years, and all three appear to be trading at cheap valuations. Two of these companies have hiked their dividends for 50+ years. One of the companies I cover happens to be the largest beverage company in the world, Coca-Cola (NYSE: KO).
Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.
*Stock prices used were end-of-day prices of Dec. 14, 2023. The video was published on Dec. 15, 2023.
Should you invest $1,000 in Coca-Cola right now?
Before you buy stock in Coca-Cola, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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
Mark Roussin, CPA has positions in Coca-Cola. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy.
Mark Roussin 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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In today's video, I look at three companies that have increased their dividends for at least 25 consecutive years, and all three appear to be trading at cheap valuations. 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 Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Coca-Cola wasn't one of them. The 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 Mark Roussin, CPA has positions in Coca-Cola.
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Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Coca-Cola wasn't one of them. 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 Mark Roussin, CPA has positions in Coca-Cola.
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Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Coca-Cola wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. Their opinions remain their own and are unaffected by The Motley Fool.
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04e3658b-ccf2-4dc0-9247-a82fdac7eb1c
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711880.0
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2023-12-13 00:00:00 UTC
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CRISPR Therapeutics Just Made History. So Why Did Its Stock Fall?
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DCOMP
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https://www.nasdaq.com/articles/crispr-therapeutics-just-made-history.-so-why-did-its-stock-fall
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nan
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nan
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On Dec. 8, CRISPR Therapeutics (NASDAQ: CRSP) and its collaboration partner Vertex Pharmaceuticals (NASDAQ: VRTX) made history when the Food and Drug Administration (FDA) gave them the green light to commercialize their gene therapy for sickle cell disease (SCD), which is the first medicine to use the much vaunted CRISPR-Cas9 gene-editing technology. The therapy, called Casgevy, is a functional cure for SCD for most patients, and it's also the company's first product to reach the market.
With those two major thresholds cleared, under normal circumstances the stock would be flying. But from Dec. 7, a day before the approval, to Dec. 12, CRISPR's shares fell by 16%. One of the company's main competitors, Bluebird Bio, also got its gene therapy for SCD approved on the same day, and its shares are taking an even harsher punishment, falling by 36%. To complicate matters further, shares of Vertex tracked the market's flat performance in the same period.
So what's going on?
All the details matter
Before Casgevy, CRISPR Therapeutics had no sources of sales revenue, subsisting on its collaboration revenue and milestone payments. Now, it can start the arduous process of treating patients and capturing reimbursement for the first time, but investors should take care not to expect any quick riches.
In terms of Casgevy's addressable market, Vertex assumes that there are roughly 32,000 eligible patients with severe sickle cell disease in the U.S. and Europe. The therapy is intended for one-time dosing, and it appears to be a functional cure for roughly 94% of patients. Patients will need to pay roughly $2 million to get treatment, likely with the help of insurance; as high as this price tag may sound, it's important to note that Bluebird's therapy will cost more than $3 million, so it could face additional barriers to adoption.
By 2028, Wall Street analysts are anticipating that sales of Casgevy will be somewhere in the ballpark of $1.2 billion annually. That compares quite favorably to CRISPR's trailing-12-month collaboration revenue of $170 million.
Per the terms of the collaboration agreement, Vertex will pay $200 million to CRISPR Therapeutics as the relevant milestone of regulatory approval is now in the rearview mirror. Vertex will also be registering all of Casgevy's revenue and related costs on its financial statements, except for further research and development (R&D) expenses, for which it will pay just 60%.
CRISPR will still pick up 40% of the profits or losses, which will be considered part of the cost of goods sold (COGS) expenses paid by Vertex. That profit split somewhat helps to explain the market's dour reaction to the approval, as the full benefit of the launch won't accrue to the smaller business.
At the moment, the biotech isn't profitable, and per the average calculations of Wall Street analysts, CRISPR won't be profitable within the next two fiscal years. Therefore, investors appear to be offloading their shares in acknowledgement that growth will be fairly slow to arrive even though regulators opted not to attach any additional strings to Casgevy's approval.
There's another catalyst on the way
On March 30, 2024, Vertex and CRISPR Therapeutics will hear back from regulators regarding whether Casgevy can be used to treat or cure beta thalassemia, another rare blood disorder. If they get approval, it'll mark the full success of the first part of their joint vision for the candidate. As Casgevy is already approved for both indications in the U.K. since November, there is a high chance the FDA will give them another thumbs up.
The next part of the roadmap will be to work on expanding the patient populations that are eligible for treatment with the therapy. With a significant amount of additional R&D work over the coming years, management thinks that it might be possible to treat as many as 450,000 patients total. That'd mark a gargantuan expansion of the medicine's addressable market, and it'd also imply many billions of additional revenue. For now, that large market is a distant dream.
If you're thinking of buying this stock, be aware that its peculiar behavior after the approval is not a bullish factor. It's unclear if the market will react to news of the potential future approval for beta thalassemia with similar distaste. And while many people -- myself included -- had and still have high hopes for this company's shares to rise, its recent performance is a strong signal that the ongoing risks for investors are significant.
Should you invest $1,000 in CRISPR Therapeutics right now?
Before you buy stock in CRISPR Therapeutics, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and CRISPR Therapeutics wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
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 positions in and recommends CRISPR Therapeutics and Vertex Pharmaceuticals. The Motley Fool recommends Bluebird Bio. 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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That profit split somewhat helps to explain the market's dour reaction to the approval, as the full benefit of the launch won't accrue to the smaller business. Therefore, investors appear to be offloading their shares in acknowledgement that growth will be fairly slow to arrive even though regulators opted not to attach any additional strings to Casgevy's approval. There's another catalyst on the way On March 30, 2024, Vertex and CRISPR Therapeutics will hear back from regulators regarding whether Casgevy can be used to treat or cure beta thalassemia, another rare blood disorder.
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At the moment, the biotech isn't profitable, and per the average calculations of Wall Street analysts, CRISPR won't be profitable within the next two fiscal 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 CRISPR Therapeutics and Vertex Pharmaceuticals.
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On Dec. 8, CRISPR Therapeutics (NASDAQ: CRSP) and its collaboration partner Vertex Pharmaceuticals (NASDAQ: VRTX) made history when the Food and Drug Administration (FDA) gave them the green light to commercialize their gene therapy for sickle cell disease (SCD), which is the first medicine to use the much vaunted CRISPR-Cas9 gene-editing technology. Per the terms of the collaboration agreement, Vertex will pay $200 million to CRISPR Therapeutics as the relevant milestone of regulatory approval is now in the rearview mirror. 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.
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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. 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 positions in and recommends CRISPR Therapeutics and Vertex Pharmaceuticals.
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cd85ecd4-cd74-409d-a1ee-c32815d750ce
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711881.0
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2023-12-13 00:00:00 UTC
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‘Time to Hit Buy,’ Says Wells Fargo About These 2 Energy Stocks
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DCOMP
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https://www.nasdaq.com/articles/time-to-hit-buy-says-wells-fargo-about-these-2-energy-stocks
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nan
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nan
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The Russian war in Ukraine is grinding on, and the hot war in the Middle East shows no signs of stopping. So, you would expect the price of oil to climb. But despite volatility in the energy sector this year, oil prices are down 11% year-to-date.
In a note from investment bank Wells Fargo, top analyst Roger Read has cast his eye on the oil and natural gas markets, specifically on the energy stocks, and he sees room and reason for investors to buy.
Read, who is rated 5-stars by TipRanks, believes that wars or no wars, the oil and gas markets won’t see a spike in prices.
“We are constructive on global oil prices and expect the market to remain range-bound into 2024, reflecting our expectation of a balanced market. We expect E&Ps to benefit from modest oilfield service price deflation in 2024 with upside potential of further deflation if commodity prices undershoot our expectations,” Read opined.
Assuming support for the energy market, Read has also been picking out stocks that are set to gain next year. He is pointing out two energy stocks in particular, upgrading his stance and telling investors that it’s ‘time to hit buy.’ Let's take a closer look.
Don’t miss
These 3 stocks are Cowen's best ideas for 2024 including Amazon and Biogen
Goldman Sachs Says These 3 Healthcare Giants Look Very Attractive Right Now
Time to Hit Buy on These 2 Building Stocks, Says Deutsche Bank
Coterra Energy (CTRA)
Operating out of Houston, Texas, the first Wells Fargo pick, Coterra Energy, is an oil and gas exploration and production firm working in its home state’s Permian Basin, in the Anadarko Basin of Oklahoma, and in the rich gas fields of the Marcellus Shale in the Pennsylvania Appalachians. The company has its hands in the best of both worlds, with solid assets in both oil and natural gas, creating a diversified portfolio capable of weathering economic headwinds.
That portfolio includes a total of 672,000 net acres across its operating areas. Of this, some 183,000 net acres are in the Marcellus shale. This production area is Coterra’s richest, generating 100% natural gas production and holding 1,498 MMboe in proven reserves as of the end of last year. In the oil regions of Texas and Oklahoma, Coterra holds 307,000 and 182,000 net acres, respectively, and has a combined total of 900 MMboe in proven reserves, in crude oil, natural gas, and natural gas liquids.
Last year, Coterra’s combined oil and gas production came to 2,470 Mboe/d. The lion’s share of that production, more than 2,200 Mboe/d, was natural gas from the Marcellus formation. This year, Coterra is on track to improve on those production numbers. The company’s 3Q23 output – the last quarter reported – came to 670 Mboe/d, well above the 655 Mboe/d figure that had formed the high end of the previously published guidance. This success was driven by strong performance in each of the company’s regions. Looking ahead, Coterra has published full-year 2023 production guidance in the range of 655 to 665 Mboe/d; this represents a 3% increase, at the mid-point, from the previously given full-year outlook.
Despite Coterra’s high output, the company’s revenues have declined from last year. In Q3, the top line reached $1.36 billion, representing a 46% decrease year-over-year. However, it is worth noting that this figure remains in-line with the forecasts. On the bottom line, reported as a non-GAAP adjusted EPS of 50 cents per share, there was a significant retreat from the $1.42 reported in 3Q22. Nevertheless, it did surpass the estimates by 7 cents per share.
Top analyst Read sees Coterra’s production increases – and its potential for more of the same – as the key point here. He writes of the company, “We are upgrading CTRA to Overweight from Equal Weight on relative valuation and strong momentum on oil production growth... Over the past 12 months, mgmt has deftly orchestrated a turnaround for the company. The company has been outpacing its production outlook for FY'23 and increased its production guidance for two consecutive quarters. Given continued operational efficiency gains and strong well performance, we would not be surprised if the company positively revises its 3- yr outlook in February.”
Along with his new Overweight (i.e. Buy) rating, Read give CTRA shares a price target of $30, implying a one-year upside potential of 19%. (To watch Read’s track record, click here)
Overall, Coterra Energy holds a Strong Buy consensus rating from Wall Street, based on 14 recent stock calls that include 11 Buys and 3 Holds. Coterra shares are trading for $25.13, and their $33.36 average price target suggests a one-year gain of nearly 33%. (See CTRA stock forecast)
Antero Resources (AR)
The second energy stock we’ll look at is Antero Resources, a hydrocarbon E&P company that focuses solely on natural gas. Antero has extensive holdings in the Marcellus and Utica shale formations of the Appalachian Mountain region and operates in West Virginia and Southeastern Ohio, in the valley of the upper Ohio River.
The company’s holdings and reserves are extensive, especially in its West Virginia Marcellus footprint. Antero has 440,000 net acres in this region and operates 1,200 producing horizontal wells in the area. Backing that up, the company has over 1,600 undeveloped core drilling locations in these holdings and can count on 17.8 trillion cubic feet of proven natural gas reserves. The company’s Ohio footprint is smaller; in the Utica Shale, Antero has 75,000 net acres that host 200-plus producing horizontal wells and some 250 undeveloped core drilling locations.
Antero’s overall production is impressive. Looking at last year’s numbers, the company’s wells brought to the surface the equivalent of 104 LNG tanker cargos. The bulk of this output was generated through hydraulic fracking techniques, which have made Antero one of the largest suppliers for the US liquefied natural gas (LNG) export market.
A look at Antero’s most recent quarterly production helps to tell the story. In 3Q23, the company averaged a net production total of 3.5 Bcfe/d, for a 9% y/y increase. This total included 2.3 Bcf/d of natural gas, up 4% from the prior year period, and 202 MBbl/d of natural gas liquids, up 18% year-over-year.
Following from this, the company’s revenue in 3Q23 came to $263.8 million, for a 14% y/y increase and beating the forecast by $2.77 million. The non-GAAP bottom line earnings per share were reported as 23 cents, 4 cents per share better than had been anticipated.
Wells Fargo’s Roger Read is upbeat on Antero due to the company’s sound, and increasing, production numbers. Read writes, “We discern positive rate of change in AR's operational performance and capital efficiency. The company has increased its FY'23 production guidance for two consecutive quarters on strong well performance and improving operations. Mgmt continues to feel confident on 2024 capital efficiency trends with preliminary 2024 D&C capex expected to be at least 10% below 2023 levels, assuming holding production flat from H2'23 levels without baking in any cost deflation.”
For the company’s prospects over the next couple of years, Read sees a path toward positive reward and recommends that investors buy in now, saying, “Following a tough 2023, we see strong likelihood of mean-reversion in valuation of the stock given in-line 2024/25E EV/EBITDA multiples (5.1x/3.4x vs gas group median at 5.1x/3.4x) at WFS commodity price deck, but robust 2025 FCF yield (16.4% vs gas group median at 11.6%). Thus, we upgrade AR to Overweight from Equal Weight, as we see attractive risk-reward in the stock in 2024.”
The 5-star analyst’s upgraded Overweight (i.e. Buy) rating on AR comes with a $26 price target that indicates potential for an 18% share appreciation over the next 12 months. (To watch Read’s track record, click here)
Overall, Antero has a Moderate Buy consensus rating from the Street’s analysts based on an even split in the 12 recent reviews, 6 to Buy and 6 to Hold. The stock’s current trading price is $21.99 and the average target price of $32 implies ~45% upside on the one-year time frame. (See Antero 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 analyst. 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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In a note from investment bank Wells Fargo, top analyst Roger Read has cast his eye on the oil and natural gas markets, specifically on the energy stocks, and he sees room and reason for investors to buy. Given continued operational efficiency gains and strong well performance, we would not be surprised if the company positively revises its 3- yr outlook in February.” Along with his new Overweight (i.e. Buy) rating, Read give CTRA shares a price target of $30, implying a one-year upside potential of 19%. Mgmt continues to feel confident on 2024 capital efficiency trends with preliminary 2024 D&C capex expected to be at least 10% below 2023 levels, assuming holding production flat from H2'23 levels without baking in any cost deflation.” For the company’s prospects over the next couple of years, Read sees a path toward positive reward and recommends that investors buy in now, saying, “Following a tough 2023, we see strong likelihood of mean-reversion in valuation of the stock given in-line 2024/25E EV/EBITDA multiples (5.1x/3.4x vs gas group median at 5.1x/3.4x) at WFS commodity price deck, but robust 2025 FCF yield (16.4% vs gas group median at 11.6%).
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Don’t miss These 3 stocks are Cowen's best ideas for 2024 including Amazon and Biogen Goldman Sachs Says These 3 Healthcare Giants Look Very Attractive Right Now Time to Hit Buy on These 2 Building Stocks, Says Deutsche Bank Coterra Energy (CTRA) Operating out of Houston, Texas, the first Wells Fargo pick, Coterra Energy, is an oil and gas exploration and production firm working in its home state’s Permian Basin, in the Anadarko Basin of Oklahoma, and in the rich gas fields of the Marcellus Shale in the Pennsylvania Appalachians. Given continued operational efficiency gains and strong well performance, we would not be surprised if the company positively revises its 3- yr outlook in February.” Along with his new Overweight (i.e. Buy) rating, Read give CTRA shares a price target of $30, implying a one-year upside potential of 19%. (To watch Read’s track record, click here) Overall, Coterra Energy holds a Strong Buy consensus rating from Wall Street, based on 14 recent stock calls that include 11 Buys and 3 Holds.
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Don’t miss These 3 stocks are Cowen's best ideas for 2024 including Amazon and Biogen Goldman Sachs Says These 3 Healthcare Giants Look Very Attractive Right Now Time to Hit Buy on These 2 Building Stocks, Says Deutsche Bank Coterra Energy (CTRA) Operating out of Houston, Texas, the first Wells Fargo pick, Coterra Energy, is an oil and gas exploration and production firm working in its home state’s Permian Basin, in the Anadarko Basin of Oklahoma, and in the rich gas fields of the Marcellus Shale in the Pennsylvania Appalachians. In the oil regions of Texas and Oklahoma, Coterra holds 307,000 and 182,000 net acres, respectively, and has a combined total of 900 MMboe in proven reserves, in crude oil, natural gas, and natural gas liquids. Mgmt continues to feel confident on 2024 capital efficiency trends with preliminary 2024 D&C capex expected to be at least 10% below 2023 levels, assuming holding production flat from H2'23 levels without baking in any cost deflation.” For the company’s prospects over the next couple of years, Read sees a path toward positive reward and recommends that investors buy in now, saying, “Following a tough 2023, we see strong likelihood of mean-reversion in valuation of the stock given in-line 2024/25E EV/EBITDA multiples (5.1x/3.4x vs gas group median at 5.1x/3.4x) at WFS commodity price deck, but robust 2025 FCF yield (16.4% vs gas group median at 11.6%).
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In a note from investment bank Wells Fargo, top analyst Roger Read has cast his eye on the oil and natural gas markets, specifically on the energy stocks, and he sees room and reason for investors to buy. This production area is Coterra’s richest, generating 100% natural gas production and holding 1,498 MMboe in proven reserves as of the end of last year. Given continued operational efficiency gains and strong well performance, we would not be surprised if the company positively revises its 3- yr outlook in February.” Along with his new Overweight (i.e. Buy) rating, Read give CTRA shares a price target of $30, implying a one-year upside potential of 19%.
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711882.0
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2023-12-13 00:00:00 UTC
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These Dividend Stocks Can Double Your Money in Under 5 Years
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DCOMP
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https://www.nasdaq.com/articles/these-dividend-stocks-can-double-your-money-in-under-5-years-2
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nan
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nan
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While looking for a stock that could double within five years may sound like a lofty aspiration, it may be more within reach than most people realize. Requiring a 15% annualized return for five years, an investment needs to slightly outperform the market's historical annualized total return of roughly 11% to 12% to accomplish this feat.
Additionally, by focusing on dividend growth stocks with well-funded dividends and a history of solid returns on invested capital, investors can further stack the odds of meeting this 15% threshold in their favor. United Parcel Service (NYSE: UPS) and Murphy USA (NYSE: MUSA) are two companies that fit this simple billing.
Trading at a discount to the S&P 500's valuations, here's why these two businesses look primed to outperform over the next five years and beyond.
Is a rebound en route for UPS?
With Amazon recently surpassing UPS and FedEx as the largest delivery business in the U.S., it may not seem like a great time to buy UPS. Worse yet for UPS, Amazon isn't just the company's biggest competitor now but is still its largest customer, accounting for 11% of its total revenue in 2022. While the two companies still work together, it is not unreasonable to imagine this partnership ending at some point -- just like FedEx did with Amazon in 2019.
So, with this bad news laid out -- what on Earth makes UPS an attractive dividend stock over the next five years? Three things:
1. The start of a rebound
Announcing a new five-year contract with its workers in August, UPS has begun reeling customers back in who had temporarily gone elsewhere due to the uncertainty stemming from the labor dispute. During the company's third-quarter earnings, CFO Brian Newman explained that from August 2022 to October 2022, daily shipments increased by 1.5 million.
However, this figure has jumped to 2.7 million over the same time this year, highlighting that UPS is rebounding off of its lows in August -- despite an awful macroeconomic environment. Should this 90-day increase extend throughout the year, it would account for roughly 5% sales growth.
2. Leveraging its massive network for future growth
Building upon its entrenched position within the industry, UPS is now focusing on specialized (and more profitable) niches such as time-sensitive and temperature-controlled healthcare shipping. Recently acquiring MNX Global Logistics in 2023 and Bomi Group in 2022, the company now expects its healthcare vertical to account for more than 10% of sales by the end of the year.
These acquisitions not only strengthen UPS's healthcare ambitions, but support its international growth story, providing footholds in Latin America, Europe, and Asia. Pair these acquisitions with a joint venture focused on India's $5 trillion economy, and investors should expect to see international unit quickly grow to account for more than its current 20% of UPS's sales.
3. A top-tier return on invested capital
UPS currently has a return on invested capital (ROIC) of 21%, which places it in the top quintile among its S&P 500 peers. This is important for investors as stocks with an ROIC in the top 20 percentile tend to outperform their lower-ranked competitors. Measuring a company's profitability compared to its debt and equity, UPS' high mark is promising as it highlights its ability to generate outsize profits despite the heavy capital expenditures needed to maintain its network.
And the icing on the cake for investors? The stock's valuation remains near 10-year lows while its dividend yield is near 10-year highs.
UPS PE Ratio data by YCharts
Aiming for 15% annualized growth over the next five years to reach the goal of doubling your money, UPS' hefty yet well-funded 4.2% dividend yield significantly improves your odds. Raising its dividend every year since the Great Recession, UPS looks like an ideal candidate to double your money in five years as it continues to rebound, operationally and valuation-wise, from this once-in-a-decade low.
Murphy USA: Obliterating the market's returns, but few are noticing
Delivering a total return of over 800% since its spinoff from Murphy Oil in 2013, convenience store chain Murphy USA has been one of the most successful stocks of the last decade, yet few investors may recognize the company. Home to over 1,700 stores -- the vast majority of which are located close to a Walmart thanks to a past partnership -- Murphy USA is now the fourth-largest convenience chain in the U.S. by store count.
This massive network begets advantageous fuel-sourcing agreements for the company, letting it pass along lower gas prices to its customers. Thanks to this top-tier cost structure advantage, Murphy's cost per gallon is typically $0.05 to $0.10 lower than its peers in the bottom half of the National Association of Convenience Stores. These price savings attract value-focused customers and open up the opportunity for merchandise sales.
With 60% of the gas stations in the U.S. run by single-store operators who cannot compete against Murphy USA's pricing, this significant cost advantage should not dwindle anytime soon. Additionally, the fragmentation of the convenience store industry makes it ripe for consolidation, providing the company with an incredibly long potential growth runway via mergers and acquisitions should it continue to go down that path. Acquiring QuickChek and its 157 stores in 2021, Murphy expanded into the Northeast while adding new food and beverage and electric vehicle charging capabilities.
Currently owning an impressive 21% ROIC, Murphy USA generates boatloads of net income and free cash flow -- the vast majority of which it immediately returns to shareholders through share buybacks and dividends.
MUSA Free Cash Flow data by YCharts
Thanks to these buybacks -- which have lowered the company's outstanding shares by 54% since 2013 -- and a new dividend that has been raised for seven consecutive quarters, Murphy USA looks like a solid buy at just 15 times earnings.
Should you invest $1,000 in United Parcel Service right now?
Before you buy stock in United Parcel Service, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and United Parcel Service 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
American Express 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. Josh Kohn-Lindquist has positions in FedEx, Mastercard, Murphy Usa, United Parcel Service, and Visa. The Motley Fool has positions in and recommends Amazon, FedEx, Mastercard, Visa, and Walmart. The Motley Fool recommends Murphy Oil, T-Mobile US, United Parcel Service, and Verizon Communications and 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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Additionally, the fragmentation of the convenience store industry makes it ripe for consolidation, providing the company with an incredibly long potential growth runway via mergers and acquisitions should it continue to go down that path. Currently owning an impressive 21% ROIC, Murphy USA generates boatloads of net income and free cash flow -- the vast majority of which it immediately returns to shareholders through share buybacks and dividends. MUSA Free Cash Flow data by YCharts Thanks to these buybacks -- which have lowered the company's outstanding shares by 54% since 2013 -- and a new dividend that has been raised for seven consecutive quarters, Murphy USA looks like a solid buy at just 15 times earnings.
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United Parcel Service (NYSE: UPS) and Murphy USA (NYSE: MUSA) are two companies that fit this simple billing. Before you buy stock in United Parcel Service, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and United Parcel Service wasn't one of them. Josh Kohn-Lindquist has positions in FedEx, Mastercard, Murphy Usa, United Parcel Service, and Visa.
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Murphy USA: Obliterating the market's returns, but few are noticing Delivering a total return of over 800% since its spinoff from Murphy Oil in 2013, convenience store chain Murphy USA has been one of the most successful stocks of the last decade, yet few investors may recognize the company. Before you buy stock in United Parcel Service, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and United Parcel Service wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 American Express is an advertising partner of The Ascent, a Motley Fool company.
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With Amazon recently surpassing UPS and FedEx as the largest delivery business in the U.S., it may not seem like a great time to buy UPS. Raising its dividend every year since the Great Recession, UPS looks like an ideal candidate to double your money in five years as it continues to rebound, operationally and valuation-wise, from this once-in-a-decade low. Murphy USA: Obliterating the market's returns, but few are noticing Delivering a total return of over 800% since its spinoff from Murphy Oil in 2013, convenience store chain Murphy USA has been one of the most successful stocks of the last decade, yet few investors may recognize the company.
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711883.0
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2023-12-13 00:00:00 UTC
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This 7.5%-Yielding Dividend Stock Continues to Make Moves to Enhance the Safety of Its Income Stream
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https://www.nasdaq.com/articles/this-7.5-yielding-dividend-stock-continues-to-make-moves-to-enhance-the-safety-of-its
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Enbridge (NYSE: ENB) already has one of the safest dividends in the energy patch. The energy-infrastructure giant arguably has the lowest-risk business model in the sector. It also has a very strong financial profile.
However, that hasn't stopped the company from further enhancing its dividend safety. It recently made another move to ensure its 7.5%-yielding dividend remains on rock-solid ground.
Drilling down into the deal
Enbridge has agreed to sell its 50% interest in the Alliance pipeline and 42.7% stake in the Aux Sable natural gas liquids (NGL) complex to fellow Canadian energy infrastructure company Pembina Pipeline. The deal will bring in 3.1 billion Canadian dollars ($2.3 billion) in cash. Pembina is the current operator of Aux Sable and Enbridge's partner on Alliance.
That sales price values Alliance at 11 times its projected earnings before interest, taxes, depreciation, and amortization (EBITDA) for next year. Meanwhile, the deal puts Aux Sable's value at around seven times EBITDA. Those are solid valuations. For example, NextEra Energy Partners recently agreed to sell its Texas natural gas pipeline portfolio (STX Midstream) to Kinder Morgan for 10 times adjusted EBITDA, while Aux Sable's seven times EBITDA multiple is in line with the valuations of other commodity price-exposed businesses.
The sale is an important part of Enbridge's plan to fund its acquisition of three natural gas utilities from Dominion. It's paying CA$19 billion ($14.2 billion) for the businesses, which it's financing by assuming debt, issuing stock, securing additional debt financing, and selling assets. It has already secured most of that financing and has multiple options to fund the remaining portion, including other capital-recycling transactions.
Reducing risk
The Pembina deal is Enbridge's latest capital-recycling transaction. It has sold CA$14 billion ($10.4 billion) of assets since 2018. These deals have optimized its portfolio, enhanced its cash-flow profile by reducing its commodity-price exposure, and bolstered its financial flexibility.
A key focus of its strategy has been to sell assets exposed to commodity-price risk and recycle that capital into lower-risk assets. For example, in 2018, the company sold its Canadian gathering and processing (G&P) business to Brookfield Infrastructure for CA$4.3 billion ($3.2 billion). That sale reduced its exposure to volatile natural gas prices while advancing its strategy to become a pure-play, regulated pipeline and utility company. The company continued its shift away from assets with commodity-price exposure last year by trading some of its interest in DCP Midstream (an entity with G&P and NGL businesses) for an increased stake in the Gray Oak oil pipeline in a deal with Phillips 66.
The Pembina deal continues the company's shift toward lower-risk assets. It's selling its stake in Aux Sable (which has commodity-price exposure) to help fund its deal for three regulated natural gas utilities. That will further enhance the stability of its cash flow, with more than 98% of its EBITDA coming from cost-of-service arrangements or long-term contracts. The deal also ensures that Enbridge maintains a strong balance sheet. The company expects its leverage ratio to be near the low end of its 4.5 to 5.0 times range next year.
The company's stable cash flows and strong balance sheet give it the financial flexibility to continue paying a growing dividend while investing in expanding its operations. Enbridge has paid dividends for over 69 years. It recently delivered its 29th consecutive annual-dividend increase, boosting its payout by 3.1% for 2024. The company's low-risk business model and visible growth position it to continue increasing its high-yielding payout.
A low-risk, high-yielding dividend stock
Enbridge continues to take steps to enhance its already low-risk business model. That's putting its already rock-solid dividend on an even firmer foundation. It makes the pipeline and utility giant an excellent option for those seeking a very safe income stream.
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
Matthew DiLallo has positions in Brookfield Infrastructure, Brookfield Infrastructure Partners, Enbridge, Kinder Morgan, NextEra Energy Partners, and Phillips 66. The Motley Fool has positions in and recommends Enbridge and Kinder Morgan. The Motley Fool recommends Brookfield Infrastructure Partners, Dominion Energy, and Pembina Pipeline. 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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That sale reduced its exposure to volatile natural gas prices while advancing its strategy to become a pure-play, regulated pipeline and utility company. The company continued its shift away from assets with commodity-price exposure last year by trading some of its interest in DCP Midstream (an entity with G&P and NGL businesses) for an increased stake in the Gray Oak oil pipeline in a deal with Phillips 66. The company's stable cash flows and strong balance sheet give it the financial flexibility to continue paying a growing dividend while investing in expanding its operations.
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Drilling down into the deal Enbridge has agreed to sell its 50% interest in the Alliance pipeline and 42.7% stake in the Aux Sable natural gas liquids (NGL) complex to fellow Canadian energy infrastructure company Pembina Pipeline. For example, NextEra Energy Partners recently agreed to sell its Texas natural gas pipeline portfolio (STX Midstream) to Kinder Morgan for 10 times adjusted EBITDA, while Aux Sable's seven times EBITDA multiple is in line with the valuations of other commodity price-exposed businesses. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Matthew DiLallo has positions in Brookfield Infrastructure, Brookfield Infrastructure Partners, Enbridge, Kinder Morgan, NextEra Energy Partners, and Phillips 66.
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Drilling down into the deal Enbridge has agreed to sell its 50% interest in the Alliance pipeline and 42.7% stake in the Aux Sable natural gas liquids (NGL) complex to fellow Canadian energy infrastructure company Pembina Pipeline. For example, NextEra Energy Partners recently agreed to sell its Texas natural gas pipeline portfolio (STX Midstream) to Kinder Morgan for 10 times adjusted EBITDA, while Aux Sable's seven times EBITDA multiple is in line with the valuations of other commodity price-exposed businesses. 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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The company's stable cash flows and strong balance sheet give it the financial flexibility to continue paying a growing dividend while investing in expanding its operations. Enbridge has paid dividends for over 69 years. 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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2023-12-13 00:00:00 UTC
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The Urban Outfitters Turnaround Plan Is Built on a Solid Foundation, but is it Enough for Investors?
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https://www.nasdaq.com/articles/the-urban-outfitters-turnaround-plan-is-built-on-a-solid-foundation-but-is-it-enough-for
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Urban Outfitters (NASDAQ: URBN) had a fairly strong third quarter in its fiscal 2024, with sales up 9% from a year ago. But there was one notable standout -- the Urban Outfitters nameplate. The story isn't a good one for this clothing retail chain. Here's what is going on when you look beneath the top-line figures, and what investors should think about it.
Urban Outfitters had some good and some bad
Although overall sales rose a solid 9% in the third quarter of its fiscal 2024, the strength was hardly uniform across all of the company's nameplates. For example, Anthropologie is its largest business at nearly 42% of the top line. Sales for this store group rose 13% year over year in the quarter. Results were even stronger for Free People, which makes up roughly 20% of sales, where the store group saw a sales increase of 23%.
Those numbers are way above 9%, so there have to be some negatives in the mix too.
Image source: Getty Images.
That comes from tiny Menus & Venues (less than 1% of sales), which witnessed a 3% sales drop. And, more notably, from the retailer's namesake brand Urban Outfitters, which suffered a 14% sales drop. This business is the second largest in the company at roughly 24% of overall sales. While you can't really expect every business here to be doing well at the same time, given the inherently mercurial fashion-focused customer base, there is still a big issue for investors to consider.
Essentially, Urban Outfitters' second-largest brand needs to get back on the right track or it will be a material drag on performance, as it clearly was in the third quarter. Management is well aware of this fact, and it is working on the effort, essentially offering up three priorities that all boil down to the same thing: selling products that customers want to buy. Turning around a fashion-oriented retailer can take time, because it often requires changing the store's image.
Urban Outfitters has time on its side
Shares of Urban Outfitters have basically gone nowhere for a decade, up just 3% over that span. But the ride has been pretty wild, with a number of dramatic ups and downs. Shares are currently in an upswing, with a gain of over 35% over the past year and the stock trading close to its 52-week highs.
URBN data by YCharts
That's a pretty positive view from investors given that a business representing nearly a quarter of the top line is struggling. If you have a value focus, you'll probably want to move on to other stocks in the retail sector. Looking at the stock using valuation tools, the price-to-sales and price-to-book-value ratios are both roughly on par with their five-year averages.
So why is Wall Street so positive? One reason is clearly the strong performance of Anthropologie and Free People, which together account for nearly two-thirds of sales. The other is found on the retailer's balance sheet. As of the third quarter, Urban Outfitters had no long-term debt. Don't underestimate the value of this, because it gives the company the financial flexibility to muddle through a turnaround at Urban Outfitters, even if it is a long one. If the retailer's balance sheet were loaded up with debt, it wouldn't have nearly as long a runway.
Urban Outfitters will survive, but maybe not in your portfolio
The bad news for Urban Outfitters is that a key nameplate is struggling. Given the strength at the company's two other large brands, however, it seems likely that management will fix the problem in time. Aiding in that effort is the company's rock-solid balance sheet. Yes, there is a business weakness that needs to be addressed, but there's plenty of leeway for management to deal with it.
That's the good news, but it seems like investors may already be factoring in the potential for a business upturn at the Urban Outfitters' brand given the stock price advance and valuation of the stock. It just doesn't look like a steal today, even though there's some important work to be done before the retailer is firing on all cylinders again.
Should you invest $1,000 in Urban Outfitters right now?
Before you buy stock in Urban Outfitters, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Urban Outfitters 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
Reuben Gregg Brewer 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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Urban Outfitters had some good and some bad Although overall sales rose a solid 9% in the third quarter of its fiscal 2024, the strength was hardly uniform across all of the company's nameplates. Management is well aware of this fact, and it is working on the effort, essentially offering up three priorities that all boil down to the same thing: selling products that customers want to buy. URBN data by YCharts That's a pretty positive view from investors given that a business representing nearly a quarter of the top line is struggling.
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Urban Outfitters (NASDAQ: URBN) had a fairly strong third quarter in its fiscal 2024, with sales up 9% from a year ago. URBN data by YCharts That's a pretty positive view from investors given that a business representing nearly a quarter of the top line is struggling. Before you buy stock in Urban Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Urban Outfitters wasn't one of them.
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Urban Outfitters has time on its side Shares of Urban Outfitters have basically gone nowhere for a decade, up just 3% over that span. That's the good news, but it seems like investors may already be factoring in the potential for a business upturn at the Urban Outfitters' brand given the stock price advance and valuation of the stock. Before you buy stock in Urban Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Urban Outfitters wasn't one of them.
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This business is the second largest in the company at roughly 24% of overall sales. Before you buy stock in Urban Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Urban Outfitters wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Reuben Gregg Brewer has no position in any of the stocks mentioned.
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711885.0
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2023-12-13 00:00:00 UTC
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3 No-Brainer Dividend Stocks to Buy and Hold for 20 Years
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https://www.nasdaq.com/articles/3-no-brainer-dividend-stocks-to-buy-and-hold-for-20-years
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Successful investing is not as complicated as some make it out to be. Sticking with the brands you use every day, and holding for many years, is a great place to start.
Top stocks, such as Apple (NASDAQ: AAPL), Starbucks (NASDAQ: SBUX), and Costco Wholesale (NASDAQ: COST), have a long record of beating the market's average return. The best part is that these companies are so consistent in generating profitable growth from their businesses that they dish out a steady stream of growing dividends to shareholders.
Let's find out more why three Motley Fool contributors believe these stocks are no-brainer buys for the next 20 years.
Apple has massive cash resources to fund a growing dividend
John Ballard (Apple): Investors shouldn't focus only on buying stocks with high yields, since companies that pay high yields are either struggling financially or lacking growth.
A smart way to build up dividend income you'll need for retirement is focusing on companies that offer dividend growth. A company that has a long record of raising its dividend payment usually reflects growing demand for the company's products. Moreover, a multiyear record of dividend increases reflects management's confidence in the future of the company.
Apple is a great example. Over the past 10 years, its annual dividend grew by 130%, or more than double its fiscal 2013 dividend payment. It has increased the dividend for 12 consecutive years, and because it only pays out 14% of its earnings, Apple can continue increasing the dividend even if earnings are down during an investment year or recession.
While the dividend yield on Apple stock is below average at just 0.49% right now, its yield could increase over the next two decades. If Apple doubles its dividend in each decade through 2043, investors who buys shares today could potentially earn a dividend yield on their cost basis approaching 2%. If Apple also doubles its payout closer to 30% of its earnings, the yield could approach 4%.
Apple has attractive long-term growth prospects. It should continue to grow through expanding its installed base of active devices, launching new products (e.g., Vision Pro in 2024), and continuing to expand its services business, which should be a great source of profitable growth to help fund future dividend increases.
The iPhone, which makes up half of the company's annual revenue, has made Apple one of the most profitable companies in the world. Apple generated $99 billion in free cash flow on $383 billion of revenue over the past year. The resources it has will pave the way for more new products, more profitable growth, and growing dividends for years to come.
A buy-on-the-dip dividend opportunity
Jennifer Saibil (Starbucks): Starbucks doesn't have any competition as the leader in coffee shops, and it's opening new stores, innovating with beverages, and making other important changes to keep its top spot.
The company hired a new CEO this year, and it's pivoting from its prior strategy as a sit-down-and-hang-out kind of place to its new iteration as digital coffee king. People today want to order and pick up, and Starbucks is right there with them. It has invested in new equipment to speed up ordering and fill demand for a quick cup, and it's already demonstrating success with these efforts.
In the 2023 fiscal fourth quarter (ended Oct. 1), revenue increased 11% year over year, with an 8% increase in comparable sales. While there are already more than 38,000 stores (seemingly one on every corner), the international market is still undertapped, accounting for only 21% of sales. Starbucks still sees a massive opportunity for more stores, both at home and abroad, and it's highly focused on the China region, its second largest.
Despite the inflationary environment, the company has increased net income and generated robust free cash flow. Earnings per share (EPS) rose 39% over the prior-year period in the third quarter to $1.06, and it generated $1.2 billion in free cash flow. This powers its innovation and operations, as well as a very attractive dividend.
Starbucks has paid -- and raised -- its dividend for the past 13 years, and over that time it has increased more than 1,000% in value. At the current price, Starbucks' dividend yields 2.3%, or well above the S&P 500 average of 1.6%.
As Starbucks continues to drive sales and generate cash, it should be able to amply fund and raise its dividend for years. Starbucks stock is down 2% in 2023, and now is a great time to buy shares and benefit from a growing passive income stream.
A reliable cash machine
Jeremy Bowman (Costco): Not many stocks are as universally admired as Costco. It has a loyal customer base that regularly flocks to its stores to stock up on bargain-priced bulk goods.
And, Costco has one of the strongest moats in retail, thanks to its membership model and reputation for high-quality products at great prices, and the company routinely ranks among the highest in customer satisfaction in the retail industry.
Not surprisingly, Costco has also been a great stock to own. Since its IPO in 1985, the stock has returned a whopping 71,000% -- and that's not including dividends.
Today, Costco's prospects for outperformance still look bright as the company has fended off threats from e-commerce and Amazon, continues to open stores both in the U.S. and abroad, and is growing through the e-commerce channel as well.
As a dividend stock, Costco might not look like a cash-returning powerhouse. Its dividend yield is currently just 0.65%. But the company has a long history of paying special dividends every few years of as much as $10 a share, and its next special dividend, which has been anticipated, could be even higher than that.
No matter what happens in the broader economy, in the retail sector, or on the technology front, Costco looks like a good bet to continue delivering solid, steady growth, returning cash to shareholders and making money for them. It's one of the easiest investments you can own for the next 20 years.
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
Jennifer Saibil has no position in any of the stocks mentioned. Jeremy Bowman has positions in Starbucks. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Costco Wholesale, and Starbucks. 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 best part is that these companies are so consistent in generating profitable growth from their businesses that they dish out a steady stream of growing dividends to shareholders. The company hired a new CEO this year, and it's pivoting from its prior strategy as a sit-down-and-hang-out kind of place to its new iteration as digital coffee king. No matter what happens in the broader economy, in the retail sector, or on the technology front, Costco looks like a good bet to continue delivering solid, steady growth, returning cash to shareholders and making money for them.
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Top stocks, such as Apple (NASDAQ: AAPL), Starbucks (NASDAQ: SBUX), and Costco Wholesale (NASDAQ: COST), have a long record of beating the market's average return. Apple has massive cash resources to fund a growing dividend John Ballard (Apple): Investors shouldn't focus only on buying stocks with high yields, since companies that pay high yields are either struggling financially or lacking growth. If Apple doubles its dividend in each decade through 2043, investors who buys shares today could potentially earn a dividend yield on their cost basis approaching 2%.
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Apple has massive cash resources to fund a growing dividend John Ballard (Apple): Investors shouldn't focus only on buying stocks with high yields, since companies that pay high yields are either struggling financially or lacking growth. It has increased the dividend for 12 consecutive years, and because it only pays out 14% of its earnings, Apple can continue increasing the dividend even if earnings are down during an investment year or recession. 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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A company that has a long record of raising its dividend payment usually reflects growing demand for the company's products. It has increased the dividend for 12 consecutive years, and because it only pays out 14% of its earnings, Apple can continue increasing the dividend even if earnings are down during an investment year or recession. The Motley Fool has positions in and recommends Apple, Costco Wholesale, and Starbucks.
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2023-12-13 00:00:00 UTC
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Inflation and Retail Sales Reports Are Out – Here’s What You Need to Know
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https://www.nasdaq.com/articles/inflation-and-retail-sales-reports-are-out-heres-what-you-need-to-know
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Christmas is just over a week away, and we are nearing the end of the holiday shopping season.
Now, the official start to the holiday shopping season has long been Black Friday. This term was coined back in the 1980s when, after an entire year of operating at a loss (“in the red”), stores would allegedly earn a profit (“went into the black”) on the day after Thanksgiving. They found that holiday shoppers would spend a lot of money on discounted merchandise.
Then, in 2005, as online shopping became more popular, retailers added Cyber Monday. Since then, Cyber Monday has evolved into the biggest day for online shopping sales every year. In 2005, sales totaled $484 million and have surged nearly 2,461% since then.
This year, Cyber Monday sales surged 9.6% to $12.4 billion, according to Adobe. Black Friday sales were also strong, rising 7.5% year-over-year to $9.8 billion.
This is a great first peek at the health of the consumer. But based on this year’s Black Friday and Cyber Monday sales, we can only tell that consumers will open their wallets if the items are discounted.
However, retail sales reports give us much more insight into the health of the consumer and the impact of inflationary pressures.
So, in today’s Market 360, we’re going to dive into the details of the November retail sales report and what it tells us about the consumer. The latest inflation reports – Producer Price Index (PPI) and Consumer Price Index (CPI) – were also released this week, so we’ll take a closer look at those, too. And then, I’ll share a catalyst that could impact inflation next year. Hint: It is not the Federal Reserve.
Let’s dig in…
The November Retail Sales Report
Retail sales rose 0.3% in November, which was substantially better than economists’ consensus estimate of a 0.1% decline. Excluding vehicles and gas, retail sales rose a much more impressive 0.6% in November. October retail sales were also revised lower to a 0.2% increase. In the past 12 months, retail sales have risen 4.1%.
Looking a little closer at the details…
Spending at bars and restaurants surged 1.6%
Electronics and appliance stores declined 1.1%
Gas prices dropped 2.9%
Online retail sales increased 1%
Those numbers are amazing, and they show that consumers are spending. And because retail sales are now up 4.1% in the past 12 months, they’re also higher than inflation. This is exactly what we want to happen. Now, speaking of inflation… let’s see what we learned from the PPI and CPI reports.
Producer Price Index
PPI, or wholesale inflation, gives us a glimpse into the prices that producers pay for goods before they reach the consumer. For that reason, they’re considered a valuable leading indicator.
The Labor Department announced Wednesday morning that PPI was unchanged for November and rose 0.9% in the past 12 months. Core PPI, which excludes food, energy and trade, rose 0.1% in November and 2.5% in the past 12 months.
Wholesale food costs rose 0.6%, and energy prices declined 1.2% in November. Interestingly, wholesale service costs rose 0.2%, while whole good costs rose 0.1%. In October, wholesale service costs rose 0.1%, while whole good costs declined 0.8%. So, these key components rose a bit in November.
Overall, the PPI report was positive, but we have to keep an eye on wholesale service and good costs for further improvement.
Consumer Price Index
The Labor Department revealed on Tuesday that CPI, or consumer inflation, rose 0.1% in November and 3.1% over the past 12 months. Core CPI, which excludes food and energy, rose 0.3% in November and 4% in the past 12 months. As you can see in the chart below, consumer inflation is cooling down.
Food prices rose 0.2% and energy prices declined 2.3%, due largely to a 6% decline in gasoline prices. Natural gas/propane prices rose 2.8% in November due in part to cold weather. Owners’ Equivalent Rent (OER), or shelter costs, increased 0.4% in November and 5.5% in the past year.
Overall, the CPI was a bit disappointing. Economists were forecasting no change in November. And while the annual pace of inflation is decelerating, it is nowhere near the Federal Reserve’s 2% inflation target. So, the Fed will keep rates steady until inflation falls to 2%.
The bottom line: Inflation continues to cool on the wholesale and consumer levels, which bodes well for the consumer and the stock market.
One Catalyst to Push Inflation Lower in 2024
I firmly believe inflation will continue to fall in 2024, but it won’t be just because of the Fed. There is another catalyst that could help bring inflation down…
I’m talking about artificial intelligence.
The reality is technology is and has always been a great weapon against inflation. It can boost productivity while lowering the cost of producing goods and services. As AI continues to evolve in the coming year, it will magnify this reality to levels we’ve never seen before.
My InvestorPlace colleagues Luke Lango, Eric Fry and I discussed how the AI boom could impact the U.S. economy and market at length during Tuesday’s Early Warning Summit 2024 event. (If you missed it, you can watch a replay here.)
Also, during the event we covered:
Our investing game plan for next year – including a strategy that could outperform the markets by 9X or more.
Where you should – and where you shouldn’t – invest your money in the coming year.
And three stocks we think could soar in 2024, regardless of what happens in the market.
Click here to watch a replay of the Early Warning Summit 2024 event here.
Sincerely,
Louis Navellier
More From InvestorPlace
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Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Inflation and Retail Sales Reports Are Out – Here’s What You Need to Know 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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This term was coined back in the 1980s when, after an entire year of operating at a loss (“in the red”), stores would allegedly earn a profit (“went into the black”) on the day after Thanksgiving. My InvestorPlace colleagues Luke Lango, Eric Fry and I discussed how the AI boom could impact the U.S. economy and market at length during Tuesday’s Early Warning Summit 2024 event. Sincerely, Louis Navellier 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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The latest inflation reports – Producer Price Index (PPI) and Consumer Price Index (CPI) – were also released this week, so we’ll take a closer look at those, too. Let’s dig in… The November Retail Sales Report Retail sales rose 0.3% in November, which was substantially better than economists’ consensus estimate of a 0.1% decline. Consumer Price Index The Labor Department revealed on Tuesday that CPI, or consumer inflation, rose 0.1% in November and 3.1% over the past 12 months.
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The latest inflation reports – Producer Price Index (PPI) and Consumer Price Index (CPI) – were also released this week, so we’ll take a closer look at those, too. Let’s dig in… The November Retail Sales Report Retail sales rose 0.3% in November, which was substantially better than economists’ consensus estimate of a 0.1% decline. Consumer Price Index The Labor Department revealed on Tuesday that CPI, or consumer inflation, rose 0.1% in November and 3.1% over the past 12 months.
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Let’s dig in… The November Retail Sales Report Retail sales rose 0.3% in November, which was substantially better than economists’ consensus estimate of a 0.1% decline. Wholesale food costs rose 0.6%, and energy prices declined 1.2% in November. Consumer Price Index The Labor Department revealed on Tuesday that CPI, or consumer inflation, rose 0.1% in November and 3.1% over the past 12 months.
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2023-12-13 00:00:00 UTC
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The 3 Most Undervalued Tech Stocks to Buy in December
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https://www.nasdaq.com/articles/the-3-most-undervalued-tech-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The technology sector is soaring as a leading market performer this year. Notably, the Technology Select Sector SPDR Fund (NYSEARCA:XLK) is up an astounding 52%. Despite these gains, there remain undervalued tech stocks to consider in December.
Due to the rally, most technology stocks are a bit overvalued. The AI buzz has lifted many boats, including some with poor fundamentals. At the same time, some value stocks in technology have been ignored. Today, these undervalued tech stocks are bargains that could deliver significant gains going into 2024.
These companies are generating robust free cash flows and profits today, reporting solid revenue growth numbers. All three trade below 15 times free cash flow and forward earnings. Yet, they grew revenues sequentially in their latest quarter and increased earnings per share by over 10%. Given the solid fundamentals, these tech stocks are buys.
Cisco Systems (CSCO)
Source: Valeriya Zankovych / Shutterstock.com
Cisco Systems (NASDAQ:CSCO) is known for its networking hardware, including equipment like switches and routers. Traditionally, this business has been highly cyclical, and Cisco has had a lower multiple than tech peers. However, the company’s revenue mix is evolving, making Cisco one of the top undervalued tech stocks.
CSCO stock trades at a forward price-to-earnings (P/E) of 12 and a price-to-free cash flow of 11. Indeed, the market values the company as a low-growth cyclical business. Yet, the company has dramatically improved its revenue mix by adding software revenues.
Today, the company generates significant software revenue from security and collaboration applications. Based on Q1 2024 results, recurring subscription revenues were $6.5 billion, representing 44% of total revenues. This mix will improve further if the announced acquisition of Splunk (NASDAQ:SPLK) is completed.
The deal will form a global security and observability leader since Gartner considers Splunk a security information and event management leader. After integration, management expects to deliver AI-enabled solutions to organizations globally. Further, Splunk’s security and observability capabilities will complement Cisco’s existing portfolio.
Financial benefits translate into an immediately positive cash flow. Additionally, it will lead to gross margin expansion and accelerate Cisco’s revenue growth. Lastly, the deal will add $4 billion in annual recurring revenue, pushing total recurring revenue to almost $30 billion.
On Splunk’s close, Cisco will generate over 50% of revenue from subscriptions. At 12 times forward EPS, it’s one of the undervalued tech stocks to buy. Cisco is no longer a hardware company but an increasingly profitable software company.
Gen Digital (GEN)
Source: BeeBright / Shutterstock
Cybersecurity is one of the hottest sectors in the market. This year alone has witnessed attack after attack on public and private organizations. Local authorities, government agencies, and companies such as Clorox (NYSE:CLX) and MGM Resorts International (NYSE:MGM) have all suffered serious breaches.
In response to surging cyber risks, organizations are increasing their security budgets. This acts as a tailwind for one of the most undervalued tech stocks, Gen Digital (NASDAQ:GEN). At 11 times FY2024 EPS, the stock is a bargain.
Looking at earning estimates, GEN stock is just too cheap to ignore. For the current fiscal year, analysts expect 10.6% growth. And for the year ending March 2025, a 14% increase is expected, with EPS at $2.28. This leaves the stock trading at a bargain 10 times FY2025 earnings.
Analysts have recognized the value in the stock in recent weeks. On November 16, Bank of America initiated the stock with a “buy” rating and a $25 price target. The bank’s analysts see massive cross-sell and upsell opportunities. Also, they believe Gen Digital has a $20B total addressable market and more growth through international expansion.
Additionally, Morgan Stanley sees more upside in the stock and has a $26 price target. They bumped GEN stock to “overweight,” citing improving margins due to cost synergies from recent acquisitions. And, they expect improved fundamentals as the company repays debt and improves its capital structure.
Given the demand tailwinds and improving margins, Gen Digital is one of the most undervalued tech stocks. The stock is set for a valuation reset over the next year.
Dropbox (DBX)
Source: Allmy / Shutterstock.com
Dropbox (NASDAQ:DBX) has stable revenue growth, robust free cash flow and is an AI beneficiary. Its content collaboration and storage systems platform is one of the most undervalued tech stocks to buy.
Although revenue growth has slowed, the company has made up for that through free cash flow growth. The 2022 revenue slowed to 7.7% compared to 12.7% in 2021. However, free cash flow per share grew to $2.11 from $1.81, representing 16.8% growth.
In terms of P/E, the stock is a bargain. Over the trailing twelve months, the company has generated $1.61 in EPS. Thus, it trades 17 times TTM EPS. Additionally, if you consider the full year 2023 EPS, the multiple drops to 14 times earnings.
Besides being cheap, Dropbox has some exciting initiatives that could spur growth. Recently, it announced a collaboration with Nvidia (NASDAQ:NVDA) to improve customer productivity. Dropbox customers will use AI tools to improve search accuracy, simplify workflows, and organize content.
Furthermore, the company is cutting costs to boost earnings. For example, in October, it announced it was reducing its corporate headquarters. As a result, management expects to save $227 million in rent and maintenance fees. These cost cuts will provide a boost to margins.
Considering the expanding margins and reasonable valuation, Dropbox is a buy. Its profitability stands out, with non-GAAP operating margins hitting 36.0% in the third quarter of fiscal 2023 results. Furthermore, management expects to leverage AI and machine learning to provide value to customers, driving revenue growth.
On the date of publication, Charles Munyi 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.
Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. He has written for a wide variety of financial websites including Benzinga, The Balance and Investopedia.
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The post The 3 Most Undervalued Tech 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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These companies are generating robust free cash flows and profits today, reporting solid revenue growth numbers. Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued Tech Stocks to Buy in December appeared first on InvestorPlace.
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These companies are generating robust free cash flows and profits today, reporting solid revenue growth numbers. This acts as a tailwind for one of the most undervalued tech stocks, Gen Digital (NASDAQ:GEN). Dropbox (DBX) Source: Allmy / Shutterstock.com Dropbox (NASDAQ:DBX) has stable revenue growth, robust free cash flow and is an AI beneficiary.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The technology sector is soaring as a leading market performer this year. However, the company’s revenue mix is evolving, making Cisco one of the top undervalued tech stocks. Although revenue growth has slowed, the company has made up for that through free cash flow growth.
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At the same time, some value stocks in technology have been ignored. At 12 times forward EPS, it’s one of the undervalued tech stocks to buy. Although revenue growth has slowed, the company has made up for that through free cash flow growth.
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711888.0
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2023-12-13 00:00:00 UTC
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My Top 10 Stocks to Buy in 2023 Beat the Market by 160%. Should You Buy Them for 2024?
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DCOMP
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https://www.nasdaq.com/articles/my-top-10-stocks-to-buy-in-2023-beat-the-market-by-160.-should-you-buy-them-for-2024
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nan
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nan
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We entered 2023 in the middle of a bear market. The S&P 500's decline in 2022 was its worst since 2008, when it sank by 19%. Against that backdrop, in January I recommended 10 top stocks to buy in 2023. As we head toward the end of the year, these 10 stocks as a group are beating the market by 160%.
Let's take a look at these stocks and see which ones should be kept on the buy list for 2024, and which ones shouldn't. But first, let's see why even though not all of these stocks beat the market so far this year, buying them all would still have been a great strategy.
The best portfolio is a diversified portfolio
The 10 stocks I recommended in January were Airbnb (NASDAQ: ABNB), Amazon (NASDAQ: AMZN), American Express (NYSE: AXP), Chipotle Mexican Grill (NYSE: CMG), Dutch Bros (NYSE: BROS), Global-e Online (NASDAQ: GLBE), Lululemon Athletica (NASDAQ: LULU), Marqeta (NASDAQ: MQ), MercadoLibre (NASDAQ: MELI), and Nu Holdings (NYSE: NU). Here's how they performed this year in comparison with the S&P 500.
^SPX data by YCharts.
Someone who had invested $10,000 in the S&P 500 at the start of the year would have $11,990 right now from price gains. Someone who had invested $1,000 into each of these 10 stocks would have $15,237.
In the article I wrote at the beginning of the year, I laid out the reasons I had confidence in each of these companies. Most of them delivered on those premises, generating growth and gains. But there are no guarantees in the market. That's why every investor needs a well-rounded portfolio chock-full of winners.
Most investors will want a combination of growth stocks and value stocks to provide balance and position themselves for solid returns in any economic climate. This 10-stock portfolio is heavily weighted toward growth stocks, and that implies a relatively higher level of risk, though in my view, the risk overall for the group is minimal.
But out of any group of 10 stocks, some won't end up meeting expectations. Since one can't know which ones those will be, the best bet is to diversify, which mitigates the risks. Overall, this growth mix succeeded and beat the market by a wide margin.
Just 10 stocks aren't quite enough to add up to a fully diversified portfolio. Most investors would do better to aim to hold around 25 stocks. But these 10 could be the growth portion of that kind of portfolio.
With that in mind, let's put these stocks into two categories: those still on the list of top stocks for 2024, and those I'm taking off my list.
Image source: Getty Images.
Still top stocks for 2024
I recently collected a new list of top stocks for the coming year. Airbnb, Amazon, Global-e, Lululemon, MercadoLibre, and Nu holdings are still on it. Not only were they all market beaters in 2023, but the same qualities that made them great candidates last year remain reasons to buy them this year, and I see them as great long-term candidates.
Amazon is rebounding, Airbnb and Lululemon are padding their dominant industry positions, MercadoLibre and Nu Holdings continue to report outstanding growth with robust profits, and Global-e has an incredible market opportunity as it gains clients, generates higher revenue, and gets closer to profitability.
Stocks that didn't make the cut
I still have confidence in the other four stocks from my 2023 list, but for next year, I picked four other stocks that I see as having tremendous opportunities in both the short and long terms. Chipotle has been one of 2023's biggest gainers, and it's still a fabulous forever stock. I think Dutch Bros has a fantastic long-term opportunity, but it's dealing with macro headwinds that are challenging its operations right now, making it riskier than my current top picks. Marqeta is in the same boat -- it's struggling in the near term, and even though I see it as having long-term potential, I'm not sure that will come through in 2024.
Finally, American Express is one of my favorite stocks and the one I've personally owned for the longest time. I recommend it to anyone wholeheartedly, and it was the one true value stock on the original list, as well as the only dividend payer. But since I'm picking the stocks I think can gain the most in 2024, I removed it in place of other stocks that might grow faster over the next 12 months.
Check out my new list for 2024, and you just might end up beating the market next year.
10 stocks we like better than Walmart
When our analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of 12/8/2023
American Express 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. Jennifer Saibil has positions in Airbnb, American Express, Global-e Online, MercadoLibre, and Nu. The Motley Fool has positions in and recommends Airbnb, Amazon, Chipotle Mexican Grill, Global-e Online, Lululemon Athletica, and MercadoLibre. The Motley Fool recommends Marqeta and Nu. 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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I think Dutch Bros has a fantastic long-term opportunity, but it's dealing with macro headwinds that are challenging its operations right now, making it riskier than my current top picks. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The Motley Fool has positions in and recommends Airbnb, Amazon, Chipotle Mexican Grill, Global-e Online, Lululemon Athletica, and MercadoLibre.
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The best portfolio is a diversified portfolio The 10 stocks I recommended in January were Airbnb (NASDAQ: ABNB), Amazon (NASDAQ: AMZN), American Express (NYSE: AXP), Chipotle Mexican Grill (NYSE: CMG), Dutch Bros (NYSE: BROS), Global-e Online (NASDAQ: GLBE), Lululemon Athletica (NASDAQ: LULU), Marqeta (NASDAQ: MQ), MercadoLibre (NASDAQ: MELI), and Nu Holdings (NYSE: NU). Jennifer Saibil has positions in Airbnb, American Express, Global-e Online, MercadoLibre, and Nu. The Motley Fool has positions in and recommends Airbnb, Amazon, Chipotle Mexican Grill, Global-e Online, Lululemon Athletica, and MercadoLibre.
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The best portfolio is a diversified portfolio The 10 stocks I recommended in January were Airbnb (NASDAQ: ABNB), Amazon (NASDAQ: AMZN), American Express (NYSE: AXP), Chipotle Mexican Grill (NYSE: CMG), Dutch Bros (NYSE: BROS), Global-e Online (NASDAQ: GLBE), Lululemon Athletica (NASDAQ: LULU), Marqeta (NASDAQ: MQ), MercadoLibre (NASDAQ: MELI), and Nu Holdings (NYSE: NU). Still top stocks for 2024 I recently collected a new list of top stocks for the coming year. Stocks that didn't make the cut I still have confidence in the other four stocks from my 2023 list, but for next year, I picked four other stocks that I see as having tremendous opportunities in both the short and long terms.
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Let's take a look at these stocks and see which ones should be kept on the buy list for 2024, and which ones shouldn't. The Motley Fool has positions in and recommends Airbnb, Amazon, Chipotle Mexican Grill, Global-e Online, Lululemon Athletica, and MercadoLibre. The Motley Fool recommends Marqeta and Nu.
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2023-12-13 00:00:00 UTC
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2 Stocks That Could Turn $1,000 Into $5,000 by 2030
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https://www.nasdaq.com/articles/2-stocks-that-could-turn-%241000-into-%245000-by-2030
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Turning $1,000 into $5,000 in seven years is no small feat on the stock market. That would be a total return of 400%, or an annualized rate of 26%. Compare that to the historical average annual return of 9% for the S&P 500, or 82.8% for the seven years. That gap shows the power of compounding on the stock market, which will accelerate the gains from higher annual returns.
For a stock to 5x over seven years isn't impossible. In fact, dozens of stocks do this in a typical seven-year period. Here are two stocks that have the potential to turn $1,000 into $5,000 by 2030.
Image source: Getty Images.
1. Carnival
Carnival (NYSE: CCL) is the world's biggest cruise line. The stock may be best known to some investors for its collapse during the pandemic, as cruise ships were grounded around the world for nearly a year.
However, the company has bounced back during the economic reopening with a vengeance, capitalizing on pent-up demand for vacations -- even as other consumer discretionary sectors have faltered and consumers have struggled with inflation, rising interest rates, and fears of a recession. In fact, Carnival has reported record revenue, bookings, and demand in recent quarters, a sign that the demand side of the business is back to full health.
However, that's only part of the equation for Carnival. The company took on a lot of debt during the pandemic and diluted shareholders. As a result, its balance sheet is significantly worse than it was before the pandemic.
Carnival has an estimated $4.1 billion to $4.2 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) -- and $31 billion in debt. Adjusted free cash flow is $1.9 billion through the first three quarters of the year, which management is committing to use to pay down that debt. An expected decline in interest rates should also lower the company's interest rate and make it easier to refinance its debt, which should lift the stock.
In addition to its current momentum, the stock should also benefit from trends like the preference among millennials for spending on experiences, and from cruises being more affordable than many other types of vacations.
Carnival stock is still down 75% from its peak before the pandemic. If the company can deliver solid growth and repair its balance sheet, the share price should be significantly higher by 2030.
2. Etsy
Etsy (NASDAQ: ETSY), an online marketplace for handmade and vintage goods, has had the opposite experience from Carnival. Etsy's shares soared during the pandemic, but have crashed since then as its gross merchandise sales growth ground to a halt.
The company has struggled during the economic reopening as consumer discretionary spending has shifted from goods like Etsy's to services like Carnival's. But some of that spending on goods is likely to return as the economy normalizes from the pandemic and online sales growth picks up momentum.
Etsy also has a stable and growing base of sellers and buyers, with active sellers up 26% over the last year on the platform, showing that Etsy offers a unique outlet for artisans looking to sell their wares. The recent growth in user numbers, following an earlier pullback, seems to indicate that revenue growth is likely to accelerate.
Like Carnival, Etsy should benefit from a decline in interest rates, which should boost consumer confidence and spending, and also boost the stock because lower interest rates favor growth stocks. Additionally, Etsy stock is cheap for its growth potential, trading at about 15 times expected adjusted EBITDA for the year and around 30 times earnings based on generally accepted accounting principles (GAAP).
At that valuation, it shouldn't take much to move the stock higher. With a reasonable growth rate and expanding margins, Etsy could certainly turn $1,000 into $5,000 by 2030.
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
Jeremy Bowman has positions in Etsy. The Motley Fool has positions in and recommends Etsy. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That gap shows the power of compounding on the stock market, which will accelerate the gains from higher annual returns. In addition to its current momentum, the stock should also benefit from trends like the preference among millennials for spending on experiences, and from cruises being more affordable than many other types of vacations. The company has struggled during the economic reopening as consumer discretionary spending has shifted from goods like Etsy's to services like Carnival's.
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The company has struggled during the economic reopening as consumer discretionary spending has shifted from goods like Etsy's to services like Carnival's. Like Carnival, Etsy should benefit from a decline in interest rates, which should boost consumer confidence and spending, and also boost the stock because lower interest rates favor growth stocks. Additionally, Etsy stock is cheap for its growth potential, trading at about 15 times expected adjusted EBITDA for the year and around 30 times earnings based on generally accepted accounting principles (GAAP).
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Like Carnival, Etsy should benefit from a decline in interest rates, which should boost consumer confidence and spending, and also boost the stock because lower interest rates favor growth stocks. 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 Jeremy Bowman has positions in Etsy.
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An expected decline in interest rates should also lower the company's interest rate and make it easier to refinance its debt, which should lift the stock. Carnival stock is still down 75% from its peak before the pandemic. 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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cefa2309-2706-4db8-9937-4dd929a6fd22
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711890.0
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2023-12-13 00:00:00 UTC
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Buy This Monster Stock Before It Pops
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DCOMP
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https://www.nasdaq.com/articles/buy-this-monster-stock-before-it-pops-3
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nan
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nan
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Sometimes, the best stock is right underneath your nose. Take Amazon (NASDAQ: AMZN), for instance. Sure, everyone knows about this tech giant and how it has performed over the past two decades-plus. But investing is more about selecting companies based on future performance rather than on what the company has done in the past.
I don't think enough investors know about Amazon's potential and why it could explode higher in 2024.
Amazon has multiple business segments
Amazon's largest business segment may be its online stores, but it's the other, more exciting segments within the company that should have investors' attention right now.
SEGMENT 2023'S Q3 REVENUE GROWTH (YOY)
Online stores $57.3 billion 7%
Third-party seller services $34.3 billion 20%
Amazon Web Services (AWS) $23.1 billion 12%
Advertising services $12.1 billion 26%
Subscription services $10.2 billion 14%
Physical stores $5.0 billion 6%
Other $1.3 billion (3%)
Data source: Amazon. YOY = Year over year.
One of the biggest eye-catchers is its growing third-party seller services segment. It turns out Amazon is increasingly becoming more of a selling service rather than doing the selling itself. That's a noteworthy shift because it means Amazon isn't responsible for stagnant inventory or finding the latest trend. As many software companies have proven, selling a service rather than a product can be far more profitable.
Another noteworthy segment is its advertising services. This is Amazon's fastest-growing segment and, while its still developing, it already generates more revenue in a single quarter than a tech giant like Netflix (Netflix's Q3 revenue was $8.5 billion). A lot of Amazon's profitability improvement this year has come from the rise of this business segment.
Among the minor disappointments in a strong 2023 for Amazon was its cloud computing business, Amazon Web Services (AWS). AWS saw its growth slow this year as many clients looked to improve the efficiency of their workloads running on AWS servers. Amazon took a long-term view and helped its clients reduce their usage, slowing down its revenue growth. AWS is hoping that kind of customer service will result in retaining many clients that might have otherwise jumped ship, making it a smart move. Moving into 2024, management noted that this trend is starting to level out and growth is returning to AWS as new workloads come online.
Amazon's business can be valued by parts
With Amazon's business looking strong heading into 2024, it got me thinking, "What is Amazon's stock truly worth?"
Valuing a company as wide-reaching as Amazon by its parts can be a worthwhile exercise, as a can reveal a part of the company that may be grossly undervalued. Value investors like Warren Buffett deploy this strategy and it's useful for all types of stocks.
Because Amazon doesn't break out how profitable each segment is, I'll divide the business into four segments, then I'll value each segment based on its trailing-12-month (TTM) revenue:
Online and physical stores and other
Third-party seller services
Amazon Web Services
Advertising and subscription services
For online and physical stores, a retailer like Walmart provides a good comparison. Walmart trades at 0.64 times sales. Third-party seller services are a bit trickier. For comparison, a similar business is Shopify. But that stock has a significant premium attached to it (it trades at 14 times sales), making for a troublesome comparison. However, a significant part of this business is payment processing and fulfillment, making it a cross between businesses like PayPal and UPS. As a result, I'll assign a 2 times sales ratio to this segment.
AWS would trade like a software stock, so assigning a 10 times sales multiple here seems reasonable. Finally, advertising and subscription services would demand a premium similar to Meta Platforms or Alphabet, which would value that segment around 6.5 times sales.
If you multiply the trailing-12-month revenue by these valuations, then you'd get a value for each segment that looks like this:
SEGMENT TTM REVENUE P/S RATIO VALUE
Online and physical stores and other $250.6 billion 0.64 $160.4 billion
Third-party seller services $132.7 billion 2 $265.4 billion
Amazon Web Services $88 billion 10 $880 billion
Advertising and subscription services $82.9 billion 6.5 $539 billion
Data source: Amazon.
If you add up the valuations for each segment, you'll get $1.84 trillion, a 20% jump from its current $1.53 trillion market cap.
This exercise suggests that Amazon is a stock undervalued based on its segments and primed for upside. Note too that this is a conservative estimate because my third-party seller services and online store valuations were on the conservative side.
Going into 2024, the market is going to catch on to Amazon's undervaluation and I'm confident that this monster stock will have a great year.
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. Keithen Drury has positions in Amazon. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AWS is hoping that kind of customer service will result in retaining many clients that might have otherwise jumped ship, making it a smart move. Moving into 2024, management noted that this trend is starting to level out and growth is returning to AWS as new workloads come online. Finally, advertising and subscription services would demand a premium similar to Meta Platforms or Alphabet, which would value that segment around 6.5 times sales.
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Online stores $57.3 billion 7% Third-party seller services $34.3 billion 20% Amazon Web Services (AWS) $23.1 billion 12% Advertising services $12.1 billion 26% Subscription services $10.2 billion 14% Physical stores $5.0 billion 6% Other $1.3 billion (3%) Data source: Amazon. Because Amazon doesn't break out how profitable each segment is, I'll divide the business into four segments, then I'll value each segment based on its trailing-12-month (TTM) revenue: Online and physical stores and other Third-party seller services Amazon Web Services Advertising and subscription services For online and physical stores, a retailer like Walmart provides a good comparison. Online and physical stores and other $250.6 billion 0.64 $160.4 billion Third-party seller services $132.7 billion 2 $265.4 billion Amazon Web Services $88 billion 10 $880 billion Advertising and subscription services $82.9 billion 6.5 $539 billion Data source: Amazon.
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Online stores $57.3 billion 7% Third-party seller services $34.3 billion 20% Amazon Web Services (AWS) $23.1 billion 12% Advertising services $12.1 billion 26% Subscription services $10.2 billion 14% Physical stores $5.0 billion 6% Other $1.3 billion (3%) Data source: Amazon. Because Amazon doesn't break out how profitable each segment is, I'll divide the business into four segments, then I'll value each segment based on its trailing-12-month (TTM) revenue: Online and physical stores and other Third-party seller services Amazon Web Services Advertising and subscription services For online and physical stores, a retailer like Walmart provides a good comparison. Online and physical stores and other $250.6 billion 0.64 $160.4 billion Third-party seller services $132.7 billion 2 $265.4 billion Amazon Web Services $88 billion 10 $880 billion Advertising and subscription services $82.9 billion 6.5 $539 billion Data source: Amazon.
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Amazon has multiple business segments Amazon's largest business segment may be its online stores, but it's the other, more exciting segments within the company that should have investors' attention right now. Because Amazon doesn't break out how profitable each segment is, I'll divide the business into four segments, then I'll value each segment based on its trailing-12-month (TTM) revenue: Online and physical stores and other Third-party seller services Amazon Web Services Advertising and subscription services For online and physical stores, a retailer like Walmart provides a good comparison. 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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711891.0
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2023-12-13 00:00:00 UTC
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Rivian Is Making a Big Move, but Should Investors Follow in 2024?
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DCOMP
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https://www.nasdaq.com/articles/rivian-is-making-a-big-move-but-should-investors-follow-in-2024
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When investors are eyeballing the electric vehicle (EV) market for the next Tesla-like stock, one thing people look for is a potential catalyst for the stock price to soar higher. Recently, Rivian (NASDAQ: RIVN) made a substantial move, but will it be enough to move the needle?
Why leasing matters
Believe it or not, some potential Rivian owners have been long awaiting a lease program. When many investors think of leasing, they think of luxury vehicles. That's because, in general, leasing accounts for only about 20% of new cars sold, but that increases significantly when you get into luxury or high-priced vehicles.
For instance, BMW has a lease rate of 77%, while finance and cash contribute only 10% and 13%, respectively, to sales. Audi has a similar 70%/12%/18% split for the same options.
And while investors may not consider Rivian vehicles in the luxury segment, their price point does reach that territory when the starting price for R1 vehicles is roughly $78,000. Further, Chevrolet is the eighth-most-leased brand according to CarTelligent, with over 56% of sales leased. Chevrolet is similar to Rivian in that it doesn't sell luxury vehicles per se, but its Chevrolet Silverado is expensive and sells at an incredibly high volume.
Will it move the needle?
It's not at all a stretch to say Rivian's introduction of a leasing program could open the door to new customers. How much this could boost Rivian sales initially is yet to be seen, but there's definitely reason for investors to remain optimistic it could move the needle as the EV maker raised its total annual production forecast to roughly 54,000 units -- it won't take many incremental sales to make a noticeable boost.
One reason leasing is a more intriguing option in the EV market is that it makes it easier for customers to pocket the savings of the federal tax incentives. The manufacturer can often wrap the savings into the lease.
That said, it's also important to keep expectations tempered, as the lease program covers only the R1T truck for now, and customers wanting a lease on an R1S SUV will have to wait. Further, Rivian's lease program will start in only 14 states initially: Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington. Rivian did note that additional states, lease configurations, and R1S lease options will be introduced soon.
Is it a good signal?
Investors can interpret the newly launched leasing development in different ways. On one hand, you can see it as a positive signal that management is confident enough in accelerated production, and confident enough that the bottlenecks and slowdowns are completely in the rearview mirror, to pull this lever to bring in incremental customers.
On the other hand, you could argue it's a necessary move to spur demand due to weakness. While there doesn't appear to be a weakness in Rivian's production and deliveries as of the third quarter, it's fair to note that according to Experian, the R1T had 8,679 registrations from January through September, down 0.7% from the same period in 2022. Accelerating production is nice, but if demand isn't there, it's pointless.
Should investors follow?
However you choose to view the leasing program, as a positive development to boost sales or as a signal of weakening demand, there's little doubt it's a solid and smart move from the young EV maker. It could absolutely spur demand for its R1T initially, and then the R1S soon after.
At a time when the company has momentum going into 2024, and is hitting annual run rates of 65,000 units produced, unleashing more demand could set the company up for a strong first half of 2024.
Should you invest $1,000 in Rivian Automotive right now?
Before you buy stock in Rivian Automotive, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Rivian Automotive 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
Daniel Miller 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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One reason leasing is a more intriguing option in the EV market is that it makes it easier for customers to pocket the savings of the federal tax incentives. Further, Rivian's lease program will start in only 14 states initially: Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington. However you choose to view the leasing program, as a positive development to boost sales or as a signal of weakening demand, there's little doubt it's a solid and smart move from the young EV maker.
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How much this could boost Rivian sales initially is yet to be seen, but there's definitely reason for investors to remain optimistic it could move the needle as the EV maker raised its total annual production forecast to roughly 54,000 units -- it won't take many incremental sales to make a noticeable boost. However you choose to view the leasing program, as a positive development to boost sales or as a signal of weakening demand, there's little doubt it's a solid and smart move from the young EV maker. Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Rivian Automotive wasn't one of them.
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How much this could boost Rivian sales initially is yet to be seen, but there's definitely reason for investors to remain optimistic it could move the needle as the EV maker raised its total annual production forecast to roughly 54,000 units -- it won't take many incremental sales to make a noticeable boost. However you choose to view the leasing program, as a positive development to boost sales or as a signal of weakening demand, there's little doubt it's a solid and smart move from the young EV maker. Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Rivian Automotive wasn't one of them.
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When many investors think of leasing, they think of luxury vehicles. Rivian did note that additional states, lease configurations, and R1S lease options will be introduced soon. Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Rivian Automotive wasn't one of them.
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ffbf7f32-8f55-44b4-8174-1714ebf4b4cc
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711892.0
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2023-12-13 00:00:00 UTC
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PepsiCo (PEP) Dips More Than Broader Market: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/pepsico-pep-dips-more-than-broader-market%3A-what-you-should-know
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nan
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nan
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In the latest market close, PepsiCo (PEP) reached $167, with a -0.74% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.36%.
The the stock of food and beverage company has risen by 0.32% in the past month, lagging the Consumer Staples sector's gain of 2.74% and the S&P 500's gain of 5.21%.
Investors will be eagerly watching for the performance of PepsiCo in its upcoming earnings disclosure. On that day, PepsiCo is projected to report earnings of $1.72 per share, which would represent year-over-year growth of 2.99%. Our most recent consensus estimate is calling for quarterly revenue of $28.26 billion, up 0.93% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.55 per share and revenue of $91.88 billion, which would represent changes of +11.19% and +6.35%, respectively, from the prior year.
Any recent changes to analyst estimates for PepsiCo should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. PepsiCo is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, PepsiCo is holding a Forward P/E ratio of 22.29. This denotes a premium relative to the industry's average Forward P/E of 20.05.
Investors should also note that PEP has a PEG ratio of 2.69 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.35.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
PepsiCo, Inc. (PEP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest market close, PepsiCo (PEP) reached $167, with a -0.74% movement compared to the previous day. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.35. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $7.55 per share and revenue of $91.88 billion, which would represent changes of +11.19% and +6.35%, respectively, from the prior year. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.35.
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This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Investors will be eagerly watching for the performance of PepsiCo in its upcoming earnings disclosure. On that day, PepsiCo is projected to report earnings of $1.72 per share, which would represent year-over-year growth of 2.99%. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% of all 250+ industries.
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711893.0
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2023-12-13 00:00:00 UTC
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Valero Energy (VLO) Dips More Than Broader Market: What You Should Know
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https://www.nasdaq.com/articles/valero-energy-vlo-dips-more-than-broader-market%3A-what-you-should-know
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Valero Energy (VLO) closed the most recent trading day at $128.57, moving -0.47% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.01%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.36%.
Prior to today's trading, shares of the oil refiner had gained 5.95% over the past month. This has outpaced the Oils-Energy sector's gain of 0.19% and the S&P 500's gain of 5.21% in that time.
The investment community will be paying close attention to the earnings performance of Valero Energy in its upcoming release. The company is slated to reveal its earnings on January 25, 2024. It is anticipated that the company will report an EPS of $3.62, marking a 57.16% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $38.36 billion, showing an 8.12% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $24.91 per share and a revenue of $147.41 billion, signifying shifts of -14.57% and -16.42%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Valero Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.29% increase. As of now, Valero Energy holds a Zacks Rank of #3 (Hold).
Digging into valuation, Valero Energy currently has a Forward P/E ratio of 5.19. This signifies a discount in comparison to the average Forward P/E of 6.9 for its industry.
It is also worth noting that VLO currently has a PEG ratio of 0.86. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Oil and Gas - Refining and Marketing industry had an average PEG ratio of 1.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 70, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Valero Energy Corporation (VLO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $24.91 per share and a revenue of $147.41 billion, signifying shifts of -14.57% and -16.42%, respectively, from the last year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $24.91 per share and a revenue of $147.41 billion, signifying shifts of -14.57% and -16.42%, respectively, from the last year. By the end of yesterday's trading, the Oil and Gas - Refining and Marketing industry had an average PEG ratio of 1. Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry currently has a Zacks Industry Rank of 70, which puts it in the top 28% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Valero Energy (VLO) closed the most recent trading day at $128.57, moving -0.47% from the previous trading session. It is anticipated that the company will report an EPS of $3.62, marking a 57.16% fall compared to the same quarter of the previous year. Investors should also pay attention to any latest changes in analyst estimates for Valero Energy.
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acb52761-1ce5-4d7d-aef3-fbfe46ac2d58
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711894.0
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2023-12-13 00:00:00 UTC
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Daily Dividend Report: ABT,GE,PFE,EQR,NUE
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DCOMP
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https://www.nasdaq.com/articles/daily-dividend-report%3A-abtgepfeeqrnue
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nan
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Abbott today announced that its board of directors has increased the company's quarterly common dividend to 55 cents per share, an increase of 7.8%. This marks the company's 52nd consecutive year of dividend growth. It will be the 400th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Feb. 15, 2024, to shareholders of record at the close of business on Jan. 12, 2024. Abbott is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have increased dividends annually for at least 25 consecutive years.
The Board of Directors of GE today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable January 25, 2024, to shareholders of record at the close of business on December 28, 2023. The ex-dividend date is December 27, 2023.
Pfizer today announced that its board of directors declared an increase in the quarterly cash dividend on the company's common stock to $0.42 for the first-quarter 2024 dividend, payable March 1, 2024, to holders of the Common Stock of record at the close of business on January 26, 2024. The first-quarter 2024 cash dividend will be the 341st consecutive quarterly dividend paid by Pfizer.
Equity Residential today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares. A regular common share dividend for the fourth quarter of $0.6625 per share will be paid on January 12, 2024 to shareholders of record on January 2, 2024.
The Board of Directors of Nucor today announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.54 per share. This cash dividend is payable on February 9, 2024 to stockholders of record on December 29, 2023 and is Nucor's 203rd consecutive quarterly cash dividend. Nucor has increased its regular, or base, dividend for 51 consecutive years - every year since it first began paying dividends in 1973.
VIDEO: Daily Dividend Report: ABT,GE,PFE,EQR,NUE
The views and 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 Board of Directors of GE today declared a $0.08 per share dividend on the outstanding common stock of the Company. Pfizer today announced that its board of directors declared an increase in the quarterly cash dividend on the company's common stock to $0.42 for the first-quarter 2024 dividend, payable March 1, 2024, to holders of the Common Stock of record at the close of business on January 26, 2024. Equity Residential today announced that its Board of Trustees declared quarterly dividends on the Company's common and preferred shares.
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Abbott today announced that its board of directors has increased the company's quarterly common dividend to 55 cents per share, an increase of 7.8%. Pfizer today announced that its board of directors declared an increase in the quarterly cash dividend on the company's common stock to $0.42 for the first-quarter 2024 dividend, payable March 1, 2024, to holders of the Common Stock of record at the close of business on January 26, 2024. The Board of Directors of Nucor today announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.54 per share.
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Pfizer today announced that its board of directors declared an increase in the quarterly cash dividend on the company's common stock to $0.42 for the first-quarter 2024 dividend, payable March 1, 2024, to holders of the Common Stock of record at the close of business on January 26, 2024. The Board of Directors of Nucor today announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.54 per share. This cash dividend is payable on February 9, 2024 to stockholders of record on December 29, 2023 and is Nucor's 203rd consecutive quarterly cash dividend.
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Pfizer today announced that its board of directors declared an increase in the quarterly cash dividend on the company's common stock to $0.42 for the first-quarter 2024 dividend, payable March 1, 2024, to holders of the Common Stock of record at the close of business on January 26, 2024. A regular common share dividend for the fourth quarter of $0.6625 per share will be paid on January 12, 2024 to shareholders of record on January 2, 2024. This cash dividend is payable on February 9, 2024 to stockholders of record on December 29, 2023 and is Nucor's 203rd consecutive quarterly cash dividend.
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711895.0
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2023-12-13 00:00:00 UTC
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Why Cassava Sciences Stock Zoomed 21% Higher This Week
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DCOMP
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https://www.nasdaq.com/articles/why-cassava-sciences-stock-zoomed-21-higher-this-week
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nan
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Thanks to a shareholder-pleasing move, Cassava Sciences (NASDAQ: SAVA) stock was an outperformer in the biotech sector this week. Over the period, the company's shares gained 21% in value, according to data compiled by S&P Global Market Intelligence.
A nonstandard dividend declaration
On Tuesday, Cassava announced that investors in its common stock would be paid a rather offbeat dividend: For every 10 shares they own, they are to receive four common stock warrants. Each of these securities entitles the holder to purchase one share of common stock for $33. For that price, the buyer can also receive, at no additional cost, a "bonus share fraction" of 0.5 share.
The biotech has set a list of conditions to receive the bonus share fraction. These are tied to the timing of the issue and the market price of its common stock. Cassava said it will formally announce the expiration date of the bonus program, although it provided no specifics.
Speaking of expiration dates, the warrants in general expire on Friday, Nov. 15, 2024, at 5 p.m. ET. They may be redeemed for stock on or after April 15 of that year, provided the holder gives the company 20 calendar days' notice.
It's not cash, but...
We can safely say that most stock investors prefer the traditional cash dividend, but this atypical means of stockholder remuneration also has its merits. Cassava is an up-and-coming biotech, and its share price might well experience a pleasant lift next year. Even if it doesn't, investors are basically getting free stock; Cassava bulls will be happy to earn fatter stakes in their company.
Should you invest $1,000 in Cassava Sciences right now?
Before you buy stock in Cassava 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 Cassava 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
Eric Volkman 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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Thanks to a shareholder-pleasing move, Cassava Sciences (NASDAQ: SAVA) stock was an outperformer in the biotech sector this week. They may be redeemed for stock on or after April 15 of that year, provided the holder gives the company 20 calendar days' notice. Even if it doesn't, investors are basically getting free stock; Cassava bulls will be happy to earn fatter stakes in their company.
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Before you buy stock in Cassava 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 Cassava Sciences 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 Eric Volkman has no position in any of the stocks mentioned.
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A nonstandard dividend declaration On Tuesday, Cassava announced that investors in its common stock would be paid a rather offbeat dividend: For every 10 shares they own, they are to receive four common stock warrants. Before you buy stock in Cassava 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 Cassava Sciences wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Eric Volkman has no position in any of the stocks mentioned.
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A nonstandard dividend declaration On Tuesday, Cassava announced that investors in its common stock would be paid a rather offbeat dividend: For every 10 shares they own, they are to receive four common stock warrants. These are tied to the timing of the issue and the market price of its common stock. Before you buy stock in Cassava 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 Cassava Sciences wasn't one of them.
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711896.0
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2023-12-13 00:00:00 UTC
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Lennar (LEN) Q4 2023 Earnings Call Transcript
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https://www.nasdaq.com/articles/lennar-len-q4-2023-earnings-call-transcript
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Image source: The Motley Fool.
Lennar (NYSE: LEN)
Q4 2023 Earnings Call
Dec 15, 2023, 11:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Welcome to Lennar's fourth quarterearnings conference call At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session. Today's conference is being recorded.
If you have any objections, you may disconnect at this time. I will now turn the call over to David Collins for the reading of the forward-looking statement.
David Collins -- Vice President and Controller
Thank you, and good morning, everyone. Today's conference call may include forward-looking statements, including statements regarding Lennar's business, financial condition, results of operations, cash flow strategies, and prospects. Forward-looking statements represent only estimates on the date of this conference call and are not intended to give any assurance as to actual future results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.
Many factors could affect future results and may cause Lennar's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in our earnings release and our SEC filings, including those under the caption risk factors contained in Lennar's annual report on Form 10-K most recently filed with the SEC. Please note that Lennar assumes no obligation to update any forward-looking statements.
Should you invest $1,000 in Lennar right now?
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Questions & Answers:
Operator
I would now like to introduce your host, Mr. Stuart Miller, executive chairman. Sir, you may begin.
Stuart Miller -- Executive Chairman
Very good. Good morning everybody and thank you for joining today. Um, I'm in Miami today together with Jon Jaffe, our co-CEO and president; Diane Bessette, our chief financial officer; David Collins, who you just heard from, our controller and vice president; Bruce Gross, our CEO of Lennar financial services, and a few others as well. As usual, I'm going to give a macro and strategic overview of the company.
After my introductory remarks, Jon is going to give an operational overview, updating construction costs, cycle time, and some of our land strategy and position. As usual, Diane is going to give a detailed financial highlight, along with some limited guidance for fourth quarter and full year of 2024. And then, of course, we'll have our question-and-answer period. As usual, I would like to ask that you please limit yourself to one question and one follow-up so that we can accommodate as many as possible.
So, let's begin. We are very pleased to report another very strong quarter and year-end of operating results for Lennar. We've executed our operating plan effectively over the past year and accordingly have simply never been better positioned from balance sheet to operating strategy to address market conditions in the new year 2024. Throughout 2023, the dominant theme at the macro level has been the impact of higher interest rates on the homebuilding consumer as affordability has been tested and demand has been constrained by the ability to purchase, i.e., affordability, and the ability to qualify.
Generally speaking, consumers are employed and are generally confident that they will remain employed and that their compensation will generally rise. Overall, consumer confidence has been reasonably strong, and buyers that can transact have transacted. Underlying this environment is a general chronic supply shortage of homes, especially affordable homes, across the country, as well as a growing pent-up demand for housing that has -- that is and has been held back by materially higher interest rates. There's been a very short supply of affordable product and a very strong demand for that affordable product.
The new homebuilders have worked out a variety of incentive structures that range from interest rate buydowns, to closing cost pickups, to price reductions, to meet the buyer, the purchaser, at the intersection of need and affordability. The existing home market has been quiet as existing homeowners have coveted their low interest rate mortgages and remained on the sidelines. Homebuilders have been uniquely able to activate demand by using incentives that unlock the affordability constraint and enable purchasers to transact. Over the past quarter, this narrative has been particularly difficult as interest rates spiked through the first two months of the quarter and then began to ease in November.
As mortgage rates began to migrate from 7.5% toward 8%, the market began to feel like it was hitting a real inflection point, and the overall market conditions softened materially. Most recently, of course, Chair Powell and the Fed have signaled that we might be closer to the end of the tightening cycle, and we might see lower rates as we enter 2024 and get into the new year. We will see. Against this backdrop, Lennar's consistent strategy throughout the past year has been to continue to drive volume, to find affordability, to meet demand by using our dynamic pricing model, and using appropriate incentives and provide supply to the market.
Over the past year, we have consistently detailed our operating strategy with the expectation that we would do as follows: number one, reduce our land assets while growing our business; number two, drive strong and consistent bottom-line earnings while concurrently generating consistent net cash flow; number three, reduce our construction cycle times while increasing our inventory churn; and number four, ultimately enhance the quality of our return on equity and return on assets by focusing on the allocation of liquid assets, i.e., cash. 2023 was a year of strategy and successful execution for Lennar and sets us up extremely well for another strong year of execution in 2024. We began the year with a strong statement of operating strategy in a higher interest rate environment, and we focus on execution throughout the year. Even as the macroeconomic environment continued to shift and adjust to inflation with higher interest rates, we adhered to our strategy, and we drove volume and production.
We believed that demand was strong, though constrained by affordability, and supply was very limited. As others pulled back. We leaned in and maintained pace. We defined our operating strategy as driving production and sales pace while using price, incentives, and margin reduction to enable affordability.
Rather than further constraining supply, we drove production and used our formidable size and scale to enable cost and operating efficiencies to drive affordability. As you've seen in our press release, while driving higher volume, we also achieved strong operating results. We delivered over 73,000 homes in 2023, which represents a 10% year-over-year volume increase over 2022. Then, we delivered a strong bottom line of $3.9 billion or $4.82 a share.
We also generated well in excess of the $3.5 billion of homebuilding cash flow that we generated relative to what we generated in '22. And we are well positioned with land and community count to expect to deliver 80,000 homes in 2024. Again, another 10% increase year over year. Given the current interest rate signal from the fed, we would also expect that margins will be at least consistent with our 2023 levels.
And although we have embedded lower margins that will flow through the first quarter, those reduced margins will clear over the next quarter. And using our dynamic pricing tool, we will recover margin quickly and efficiently as lower interest rates enable us to reduce incentives. The strategic benefits of driving volume came and will continue to come with advantages that are both immediately valuable, as well as durable for the company's future. I'd like to briefly detail some of those advantages.
First, by driving volume, we gained market share in most of our core markets as we leaned in when some others pulled that back. Our trade partners saw a consistent and dependable partner that became worthy of the designation of Builder of Choice. We worked side by side with our traditional trade partners. And additionally, we found additional trade partner relationships with participants that found that they had dependable and consistent work with our strategy.
Through market share growth in local markets, we enhanced the ability to better manage our costs, enhance our efficiency of operation, reduce cycle times with efficient production templates, and enhance our inventory churn. Jon will discuss this in more detail shortly. Next, and maybe most important, by driving volume, we are positioned with land and communities for strong volume in all of our operating markets. As we drove volume and delivered homes, we purchased new land and communities for the next year's deliveries.
We are extremely well positioned to continue to sell on pace as prices recover and as incentives subside alongside lower interest rates. We are positioned to drive even stronger bottom-line results and cash flow as market conditions normalize. Additionally, by driving volume, we gained market share and land acquisition. Simply put, we continue to sell land by selling homes and then purchase land to replace communities, especially when others walked away.
Market share advances have given us the critical position to be an even stronger land buyer of choice to the owners and developers of critical land assets. They saw a dependable market participant remain consistent as market conditions became more tenuous, and we found that we were able to experiment with innovative land structures that work constructively as markets falter and then recover. Noteworthy in this regard is our variable land pricing tool that enables homesite values to move up or down as a percentage of the sale price of the home as markets move up and down. Next, by driving consistent volume even at lower margin, we generated consistent cash flow through more challenging times and enhanced our balance sheet and our cash liquidity even after redeeming or repurchasing $1.1 billion of senior notes through the year and repurchasing 10 million shares of Lennar stock through the year.
Situated today with a 9.6% homebuilding debt-to-total cap ratio with $6.3 billion of cash on hand and $0 drawn on our revolver and with an expected $3.5 billion plus or minus of net cash flow over the next year, we have the flexibility to invest capital strategically and growth while retiring debt as it matures and repurchasing shares of Lennar stock, which we expect to repurchase at least $2 billion of stock over the next year. Four, by driving volume, we gained advantaged insights into and refined the workings of our strategic land banks. The flow of volume through the land banking relationships that define our current approach to land acquisition was invaluable. Questions have now been answered as to the durability of the capital partners that make up the counterparty relationship with the home building machine.
Our consistent volume helped define both trust and dependability in making those and taking those relationships to another level as neither party flinched as market conditions tested the boundaries of relationship. While adjustments were made and lessons were learned, the structures and relationships became stronger and more durable. Fifth, by driving volume, especially in the more difficult interest rate environments of the past year, we were able to develop, enhance, use, and improve the Lennar Machine. Our sales, marketing, and dynamic pricing machine is quickly becoming an advanced digital engine that has materially benefited by aggressive, focused use and engagement while the market was most difficult.
We focused on what was required to drive volume while market conditions challenged affordability. We pushed data and engagement through the component parts of this digital tool and stressed it often and to its limits. We reviewed 40 points of feedback from our 40 operating divisions and made adjustments and refinements as we learned today. And the result is that Lennar Machine is becoming an invaluable partner as we drive volume by finding market at affordable pricing and driving sales at the same pace as production.
Overall, our strategic focus on driving volume in both production and sales has enabled us to become a stronger and better positioned company that has become more durable through the ups and downs of housing cycles. Our balance sheet has never been stronger, and our operations -- our operating platform has never been better aligned. Our fourth quarter and year-end of 2023 has been another strategic and operational success for our company. While market conditions have been challenging, we have consistently learned and found ways to address market need.
We know that demand is strong, and there is a chronic housing supply shortage that needs to be filled. We will continue to drive production to meet the housing shortage that we know persists across our markets. With that said, as interest rates subsided normalized and if the Fed is going to begin to actually cut rates, we believe that pent-up demand will be activated, and we will be well prepared. To date, we have seen overall market conditions remain generally constructive for our industry.
As higher interest rates have subsided, strong pent-up demand has found ways to access the housing market. Most recent movements in interest rates suggest a better road ahead. Accordingly, we executed on our core strategies against the most difficult economic and industry backdrop. Given consistent execution, we are extremely well positioned for even greater success as strong demand for affordable offerings continues to seek short supply.
We expect to start the new year with strong sales -- strong starts, sales, and closings as we have guided to 16,500 to 17,000 deliveries in the first quarter and a 21% to 21.25% margin as lower margin sales move through the first quarter. We engaged the changing tides of the past year with a consistent strategy that has enabled certainty of execution throughout our company. Our strategy is well known and understood throughout our division offices, and we have a simple and consistent model of execution. We focus on maintaining volume while we price our homes to drive match base.
We work with our trade base to manage costs and efficiencies and adjust product offerings to meet the market. We manage both our land and our production inventories to drive efficiency, cash flow, and returns on our asset base. We focus on our land-light model in order to drive balance sheet efficiency. Finally, we fortify our balance sheet to have the liquidity for strength and flexibility.
Knowing what to do and executing our plan has driven this quarter and this year's success and ensures consistent success for the foreseeable future. As we look ahead to a successful 2024, we are well positioned for an executive and expect to see much more of the same. We are confident that by design we will continue to grow, perform, and drive Lennar to new levels of performance. With that, let me turn over to Jon.
Jon Jaffe -- Co-Chief Executive Officer and President
Good morning. As Stuart discussed, our operational teams at Lennar continued focusing on executing our operating strategies in our fourth quarter. As our divisions continuously learn from their engagement with our machine, they provide feedback for enhancements that improve the machine in our execution of our strategies. You can see the evolution of this improvement in our even-flow operating strategy throughout the year as starts and sales for the second half of 2023 were evenly matched at 37,053 and 37,032, respectively.
In the fourth quarter, our production pace was defined by an average of five starts per community per month and average sales pace of 4.7 sales per community per month. Importantly, this strategy is not just about the pace of sales, but it's importantly about selling the right homes at the right pace. Our machine matches up unsold production as homes progress toward completion with pricing information from our dynamic pricing model on a community-by-community and home-by-home basis. In our fourth quarter, as interest rates peak, this process informed us as to how much we needed to buy down interest rates and/or offer other incentives to maintain the desired pace.
We maintain consistent starts in sales cases, generating increased market share in almost all of the markets we build in. This is seen in our overall growth of 10% from last year as our consistent starts have filled the void of other builders who have pulled back. Some examples of markets where we have a leading and increased market share in 2023 over 2022 are as follows. Here in South Florida, we are ranked as a No.
1 builder with a market share of 74%, up from 63% a year ago in Dade County and 33% in Broward County, up from 28%. Across the state, in southwest Florida, we have a 38% market share, double that of the No. 2 builder. In the Carolinas, we're the No.
1 ranked builder in Charlotte, Raleigh, and Charleston with market shares of 10.5% and 16% and 22.5%, respectively, representing an average increase in share of about 150 basis points. In the Midwest, we are No. 1 in Indianapolis in Minnesota with over 25% market share in each market, an increase of over 400 basis points in each. In Texas, we have increased market share in each of the markets there in Austin and Dallas-Fort Worth by 200 basis points to an 11.5% and 10%, respectively, in Houston by 300 basis points to 11.5%, and in San Antonio by 700 basis points to 22.5%.
In Colorado, we ranked No. 1 with almost 10% market share, which is double that of the No. 2 builder who has been the perennial market leader. Moving out west, in Phoenix and Las Vegas, we have the No.
1 share with 12% and 18%, respectively. In California, we're the No. 1 builder in all of the markets there and have grown a significant market share across the state from 25% in the Inland Empire and Central Valley, to more than 35% in San Diego and Sacramento. And lastly, in the Pacific Northwest, we have the largest in Seattle and Portland with 14% and 17% share, respectively, both an increase of about 250 basis points.
The execution of our pricing strategy is based on the strength of each individual market matched against the level of production by community and that market. As Stuart noted, the market conditions on our fourth quarter were defined by the chronic shortage in housing supply and a more volatile interest rate environment as compared to greater variations in market strength across our markets that we saw in prior quarters. In the current market environment, all markets are benefiting to similar degrees from greater demand and supply. Our sales pace of 4.7 homes per community in Q4 is up from the pace of 3.7 compared to Q4 of 2022, further demonstrating improvement in executing the strategy of pacing in Q4 as that was the same as our overall pace for fiscal 2023.
As interest rates rapidly moved higher during the quarter, our homebuilding teams worked in close coordination with Lennar Mortgage to find the right mortgage solution homebuyer by homebuyer. Focused execution of the process I just described led to completing the quarter with less than one unsold inventory home per community. Our strategy of finding market clearing pricing to match the pace of sales to homes under construction allows us to maintain both a high volume and a consistent volume of homes under construction, which is the foundation for our Builder of Choice program with our trade partners. As we continuously improve the way we execute this game plan, we have deepened the partnerships with our trade base, working together with our trade partners.
We have consistently eliminated and/or prevented supply chain constraints and reduce cycle times. These and other efficiencies that benefit our trade partners enable us to lower construction costs in a cooperative manner with our trades. By consistently starting homes, despite the changing interest rate environment during the quarter, we increased our starts in the fourth quarter by 43% from the prior year, and starts were flat sequentially from Q3. This increase in starts attracts a larger trade base to Lennar and together with a normalized supply chain environment led to another significant improvement in our cycle time.
For the fourth quarter, cycle time decreased by 22 days sequentially from Q3, down to 161 days on average for single family homes. In most of our markets, this represents being at or close to pre-pandemic cycle times. Looking at a fourth quarter, as expected, our construction costs fell sequentially from Q3 by about 4%. In addition, our Q4 costs were down about 13% on a year-over-year basis.
This is the direction of construction costs we expect in our guidance from last quarter. Looking forward, we expect costs to be consistent with where they are now over the next few quarters. In order to further improve our production efficiencies, we are working side by side with our trade partners on value engineering, home plan series, and production sequencing across markets to reduce the cost and time to build with the goal of delivering a greater value to the homebuying customer. Next, I'll discuss the execution of our land-light strategy.
In the fourth quarter, we continue to effectively work with our strategic land and land bank partners where they purchased land on our behalf and then deliver just-in-time finished homesites to our homebuilding machine as Stuart described. Consistent with the third quarter, about 84% of our $1.5 billion of land acquisition in the quarter was finished homesites purchased from our various land structures. We have made significant progress in the fourth quarter as our year supply of owned homesites improved to 1.4 years from 1.9 years, and our controlled homesite percentage increased to 76% from 69% year over year. The bottom line is focusing on our operating strategies, which results in a reduction in cycle time, and a reduction in owned land has, as Stuart articulated, increased our cash flow, as well as help improve our inventory churn, which now stands at 1.5 versus 1.2 last year, a 25% increase.
Our community count at the end of the fourth quarter was 1,260, which was up 4% from the year-ago period and expect to increase our community count in the mid to high single digits by the end of fiscal 2024. I want to recognize and thank all of our associates for their hard work and dedication in focusing on the execution of our strategies and also, importantly, for accomplishing the change management needed for the required process changes and implementing these strategies of our machines, while, at the same time, delivering a very strong fourth quarter in fiscal 2023. I'd now like to turn it over to Diane.
Diane Bessette -- Chief Financial Officer
Thank you, Jon, and good morning, everyone. So, Stuart and Jon have provided a great deal of color regarding our homebuilding performance. So, therefore, I'm going to spend a few minutes on the results of our financial services operations in our balance sheet and then provide some comments on the first quarter. So, looking at financial services, for the fourth quarter, the financial services team had operating earnings of 168 million.
Mortgage operating earnings were 119 million compared to 80 million in the prior year. The increase in earnings was driven by higher loss volume as a result of higher orders and capture rate and higher profit per locked loan as a result of higher secondary margins and lower cost per loan as the team continues to focus on efficiencies. Final operating earnings were 50 million compared to 44 million in the prior year. Title earnings increased primarily as a result of higher volumes and greater productivity as the team continues to embrace technology to run a more efficient business.
These solid results were accomplished as a result of great synergies between our homebuilding and financial services teams. They truly operate under the banner of One Lennar. Now, turning to our balance sheet, this quarter, once again, we were steadfast in our determination to turn our inventory and generate cash by maintaining production and pricing homes to market with the goal of delivering as many homes as possible to meet housing demand. The results of these actions was that we ended the quarter with 6.3 billion of cash and no borrowings on our 2.6 billion revolving credit facility.
This provided a total of 8.9 billion of homebuilding liquidity. As a result of the use of our continued focus on balance sheet efficiency, we, once again, as Jon mentioned, made significant progress on our goal of becoming asset-light. At quarter-end, our years owned improved to 1.4 years from 1.9 years in the prior year, and our homesites controls increased to 76% from 69% in the prior year, our lowest years owned and highest controlled percent in our history. At quarter-end, we owned just under 100,000 homesites and controlled 310,000 homesites for a total of 410,000 homesites.
We believe this portfolio provides us with a strong competitive position to continue to grow market share in a capital-efficient way. We spent 1.5 billion on land purchases this quarter with 84% being finished homesites where vertical construction will soon begin. This is consistent with our manufacturing model of buying land on a just-in-time basis, which is less capital intensive. And finally, looking at returns, our inventory churn was 1.5 times and our return on inventory was 29%.
Let me make one comment about our inventory balance. This quarter, we replaced deposits on future land purchases from inventory to a separate line on our balance sheet. This request, which was about 2 billion at year-end, was made to better align ourselves with most participants in our industry and, thus, brings greater comparability and less confusion to the investor and analyst communities. During the quarter and consistent with our production focus, we started about 18,400 homes and ended the quarter with approximately 38,200 total homes in inventory.
This inventory number includes about 2,200 models and also includes about 1,200 homes that were completed and sold, which is slightly less than one home per community as we successfully manage our finished inventory levels and our continued effort to further strengthen and derisk our balance sheet by reducing our debt balances. As Stuart mentioned, in the fourth quarter, we redeemed the remaining balance, 378 million of our 4.875% senior notes due in December 2023, and we purchased 110 million of senior notes due in fiscal 2024 and 2027, all at or below par, for a quarterly total of 488 million. For the full year, we repaid or redeemed 1.1 billion of senior notes. As a result of these debt and debt reduction initiatives, we ended the quarter with a total senior note balance of about 2.5 billion.
There is only one note due in 2024, which is 454 million due in April. Combined with strong earnings, our homebuilding debt-to-total capital was 9.6 at quarter-end, our lowest ever, which is an improvement from 14.4 in the prior year. Consistent with our commitment to strategic capital allocation, we repurchased 3 million of our outstanding shares for 337 million in the fourth quarter. And for the year, we repurchased 10 million shares totaling 1.1 billion.
Additionally, we paid dividends of 105 million during the quarter and 431 million for the year. So, in total, we returned almost 1 billion to our equity and debt holders in the fourth quarter and about 2.7 billion for the full fiscal year. And then, a few final points regarding our balance sheet. Our stockholders' equity increased to almost 27 billion, and our book value per share increased to $94.61.
In summary, the strength of our balance sheet and strong liquidity position provides us with significant confidence and financial flexibility as we enter 2024. So, with that being the overview, I'd like to turn to Q1. Given the evolving interest rate environment, we'd like to once again provide some guidelines for Q1 to assist with your modeling. Starting with new orders.
We expect Q1 new orders to be in the range of 17,500 to 18,000 homes as we keep production pace and sales pace closely aligned. We anticipate our Q1 deliveries to be in the range of 16,500 to 17,000 homes with a continued focus on efficiently turning inventory into cash. Our Q1 average sales price should be about 420,000, and we expect gross margins to be in the range of 21% to 21.25%, indicating some impact from higher interest rates in Q4. Additionally, also remember that our Q1 margins are always negatively impacted by the current period extension of fuel costs.
While we are working toward an even-flow process of starting and constructing homes on a fairly consistent quarterly basis, revenues in Q1 are the lowest of the year because of seasonality. So, for this Q1, the current period expensing will have a negative gross margin impact of approximately 150 basis points when you look sequentially from Q4. Also note, consistent with last year, the first quarter will be a low point of margins during 2024. Turning to SG&A, we expect to be in the range of 8% to 8.2% for Q1.
For the combined homebuilding joint venture, land sales, and other categories, we expect to have earnings of about 20 million. We anticipate our financial services earnings for Q1 to be in the range of 85 million to 90 million. And we expect a loss of about 25 million for our multifamily business and a loss of about 15 million for the Lennar other category. The Lennar other estimate does not include any potential mark-to-market adjustments to our public technology investments since that adjustment will be determined by their stock prices at the end of the quarter.
We expect our Q1 corporate G&A to be about 2.2% of total revenues. These expenses are likely to trend up a bit as we continue to invest in cybersecurity and technology development that is robust and durable to support our future growth. And our charitable foundation contribution will be based on $1,000 per home delivered. We expect our tax rate to be about 24.5% and the weighted average share count should be approximately 279 million shares.
And so, on a combined basis, these estimates should produce an EPS range of approximately $2.15 to $2.20 per share for the first quarter. And then, finally, just to reiterate a few notes on fiscal 2024. As we indicated, we affirm our target of 10% delivery growth in 2024, which would result in approximately 80,000 deliveries for the year. And for gross margin, as Stuart mentioned, we expect to maintain the levels produced in 2023.
While we also remain confident in our cash flow generation, as such, we continue to be committed to allocating capital to our stakeholders. We're targeting a total capital allocation of at least 2.5 billion for 2024, remembering that 454 million will be allotted to our April 2024 debt maturities and the balance of roughly $2 billion to share repurchases. I'd like to end by sincerely thanking the Lennar financial teams, accounting, planning, and IR, for their combined great efforts that allow us to host our year-endearnings calltwo weeks after year-end. You guys are amazing.
And with that, let me turn it over to the operator.
Operator
[Operator instructions] Our first question will come from the line of Stephen Kim from Evercore ISI. Please go ahead.
Stephen Kim -- Evercore ISI -- Analyst
Great. Thanks very much, guys. Yeah, so much great information you provided, so thanks a lot. I imagine folks will be asking you about a little bit more detail on the gross margin.
So, what I actually wanted to focus on was your balance sheet. And in particular, you ended the year with very heavy level of cash, you know, over 6 billion, I think, on the homebuilding cash. And I was curious what a -- you feel a sort of a normal level once all the dust settles and, you know, you get to a level of cash where you feel it's sort of sustainable and appropriate to sustain over the long term. What that level roughly would be, how we should think about that? And related to that, given that I assume 6 billion is probably more than that number, you know, I'm guessing by maybe a couple of billion or something like that, your 2 billion in share repurchases that you sort of set as the baseline level seems frankly a little low, given that, you know, we're expecting you guys to generate cash flow and so forth this year.
So, I was wondering if you could help us understand how we should be thinking about your cash balance going forward and what it would take for you to apply more of that to repurchases? And I guess, I should have specified that I'm curious if you could articulate why you're willing to hold more cash than you need, you know, at this time.
Stuart Miller -- Executive Chairman
Well, let me start by saying, you know, the old adage, rich or poor, it's good to have cash, right? So, just starting there, I would say that we're really growing into the new us in developing a by-design approach to the way that we operate our business. And as is the case with with evolution in general, you kind of grow into with, you know, some stops and starts the new version of how you kind of look at the way you're configured. So, I would say -- I would say this, we're starting to look at our cash flow numbers, cash flow generation. We're starting to see kind of a consistency year over year in the, you know, kind of a baseline in the $3 billion, $3.5 billion range.
You'll probably see in our Q -- or our K that that number will be higher for 2023. But the amount of consistent annual cash flow is something that we're watching develop over time. And so, when you ask your question that fits into the context of, you know, how do we think about the certainties of the programing that we have in place? As I noted in my comments, one of the interesting things of this past year was looking at the durability of our land banking relationships, the capital providers and the execution in and around land bank as markets become stressed. There's been a tremendous amount of learning around that and evolution.
So, the answer to the question is we kind of see our, you know, steady-state cash flow is developing around 3 billion, 3.5 billion a year. How much cash we feel comfortable holding is something that we've recognized that, you know, maybe at $6 billion or $5 billion or $7 billion, some might say that that's too much. As we gain confidence, as we start looking at the by-design approaches to the component parts of what's developing into our Lennar Machine. we're going to be increasing the amount that we return to shareholders through stock buybacks.
And other mechanisms and so we might be a bit behind the curve that people perceived. Right now, we're going slower rather than faster as we develop real core components to our strategy that are becoming etched in stone and where we're developing confidence. So, again, it might be a little slower than some might think it should be, but we're hitting stride with our comfort zone in buying back stock and thinking about the deployment of liquid assets.
Stephen Kim -- Evercore ISI -- Analyst
That's really helpful because, obviously, you're undergoing a very significant transformation. And I think I'm hearing a lot of steady state. I'm hearing a lot of predictability in what you're laying out. And obviously, that's something that we think is critically important to an eventual revaluation.
It just seems like when you had -- initially when you started off your comments, you said it's good to have cash. But I think that when you're arguing for a revaluation, some of the investors that we speak with would argue that holding too much cash actually is a hindrance to a revaluation because it effectively seems like the company may be holding on to cash with the hope that they could deploy it in some sort of traditional way, i.e., land or something like that, which maybe isn't, you know, in line with what a lot of the rhetoric around being asset-light is. So, your commentary about, this is a period of time where you were sort of gradually developing the systems to the point where you have that predictability, I guess, is helpful. So, if I'm interpreting your comments right, we should basically expect the level of cash to come down to a more -- to a -- to a maybe a lower level once you have established those systems to your satisfaction.
But you're not there yet. Is that a proper way of paraphrasing what you're saying?
Stuart Miller -- Executive Chairman
You know, thank you for the commentary. I think that helps me answer a little bit better. And let me say that we are decidedly not holding onto cash to execute the next large-scale M&A program or some out-of-the-box growth program. So, you know, I want to dispel that thought process.
It simply is -- and this past year has been an incredible year for our company in terms of developing the confidence around durable systems that are actually working very well. It's been a proving ground. And so, I would say, don't read too much into the holding of cash. It simply is the development of confidence and stride in terms of the way that we deploy liquid assets.
Stephen Kim -- Evercore ISI -- Analyst
OK, that's helpful. Really appreciate it. There was some news very recently regarding the marketing of your rental portfolio. I was wondering if you could put some context around that for us because we got a lot of questions from folks around whether this is something that we should be expecting to provide a cash infusion, even above and beyond the normal, you know, operations would generate?
Stuart Miller -- Executive Chairman
All right, so, you know, look, I think that the base answer to that question is we'll see. You know, the determination to market portfolio was driven by limited partners. And, you know, the timing, you know, is one where -- it's kind of a suboptimal time to be thinking about a sale, although who knows where interest rates go, that could change quickly. So, we'll see what happens.
There might or might not be. You know, this is an episodic kind of program where it'll happen or it won't. But it won't be material to either the balance sheet or the income statement of the company. I'm sure if there's -- any profit would be discounted.
And in terms of the cash infusion, it would simply be, you know, added to our cash position and might even inspire us to do more stock buyback. So, we'll just have to wait and see on that. I don't think there's any additional guidance that could be given at this point.
Stephen Kim -- Evercore ISI -- Analyst
Appreciate that. Thanks so much, Stuart.
Stuart Miller -- Executive Chairman
Thank you, Steve.
Operator
Next, we'll go to the line of Alan Ratner from Zelman and Associates. Please go ahead.
Alan Ratner -- Zelman and Associates -- Analyst
Hey, guys, good morning. Yeah, thanks for all the detail, and congrats on the great performance this year. Stuart, you know, I'd love to get your thoughts because I heard a lot in the commentary about, you know, the tailwinds that you guys had over the course of this year related to tight inventory. And, you know, the interest rate move these last few days or weeks has been obviously striking.
But I think one of the great unknowns and uncertainty is what impact that does have on the resale market as far as, you know, potentially freeing up some inventory and getting some people to move. And obviously, there's puts and takes to that on your business. But what is your expectation there assuming kind of rates settle out near current levels as far as what that could do to the resale market and how the new home market might react to higher inventory levels in '24?
Stuart Miller -- Executive Chairman
Yeah, really interesting question, Alan. You know, I've thought about this a lot over the past year, as the resale market has appropriately held on to mortgages that are very attractive interest rates and, therefore, have not added to the traditional supply that defines the resale market. But the more I think about it and test my thinking, it just seems to me to be a zero-sum game. If the resale market is activated by a tick down in interest rates, which it might be, because in traditional fashion, first-time buyers find that the family is growing and they move up to a move-up -- or second move-up position.
It does seem to me that to the extent that interest rates do activate the resale market and additional supply comes on the market, along with that supply comes additional demand. Because what has been missing from the market is the traditional resale buyer looking for that move-up home and, decidedly, the first-time market has been very thirsty for new home product because the traditional resale product simply hasn't been available. So, I suspect, if the existing home market is activated, as interest rates do trend down, should they trend down, that it will result both in additional supply for the first-time buyer and additional demand for the move-up buyer. And we've been thinking a lot about that, and I think that we're very well prepared for that migration as well.
Alan Ratner -- Zelman and Associates -- Analyst
I appreciate your thoughts on that topic. Second, you know, on the margin, interesting, so, you know, you're not given formal full year guidance, but I guess we can certainly piece together your expectations, you know, by you saying that you expect full year margins to be, you know, pretty similar to '23. So, that would imply, you know, a fairly healthy ramp through the year. I was hoping, you know, you can just give us maybe specifics on what type of trajectory on incentives does that imply? You know, I would imagine land costs are going to be trending up in terms of what's flowing through the P&L.
So, should we just interpret that as, you know, your expectation that incentives should come down, you know, 200- or 300-plus basis points over the course of the year from where they sit today?
Stuart Miller -- Executive Chairman
So, you know, if you go back to, you know, the days when seasonality was the norm and, you know, we went on a seasonality hiatus for a period of time, that was always the case. The trajectory of our margin started lower in the first quarter and accelerated through the year. And I think Diane detailed that in her comments. That's all that -- that has been the case.
I think that, you know, in our case, specifically, as we went through the fourth quarter, the fourth quarter was a pretty rugged interest rate quarter, especially as we went through the first couple of months. And so, you know, I think that you have, you know, kind of an anomalous margin pushed down in our first quarter. I think that you're going to see a normal flow of margin improvement as we go through the year. I think the more extreme incentivization in the fourth quarter to maintain pace was -- it looks today as if it's really a thing of the past at that level.
And, you know, as as we look at where our margin is likely to go, I think we have pretty good visibility because we went through November and then early December and seeing the market kind of ease up and the buyer come back to the market, you know, as interest rates did start to ease. Jon, do you want to weigh in on that?
Jon Jaffe -- Co-Chief Executive Officer and President
Yeah, I would agree with what you said, Stuart. In addition, we did see, as we moved into the holiday season at the end of the quarter, you know, less of a rebound as interest rates came down through the holiday seasonality, which was sort of normal. Also, think that you should expect that the real focus on not just the fact that rates are lower but more effective use of adjustable rates in order to bring down the cost of mortgage buy downs as the buyer still is in need of a lower effective interest rate to both qualify and afford homes at today's prices.
Alan Ratner -- Zelman and Associates -- Analyst
Great. Thanks again, guys. Appreciate it.
Stuart Miller -- Executive Chairman
Thank you, Alan.
Operator
Next, we'll go to the line of Kenneth Zener from Seaport Research Partners. Please go ahead.
Ken Zener -- Seaport Research Partners -- Analyst
Good morning, everybody.
Stuart Miller -- Executive Chairman
Good morning.
Ken Zener -- Seaport Research Partners -- Analyst
A key part of even-flow cadence is structuring land as a variable cost, I think a very meaningful innovation for you guys. So, can you quantify what percent of your closings have been coming from these finished home sites that averaged 85% to 90% of your purchases this year? So, how many -- what percent of the closings came from these finished home sites in the quarter? If you could give us some context, that would be useful versus last year or earlier this year. And then, this is the key question, quantify the margin impact that you're making versus the asset efficiency that you're achieving because I think the latter point is misunderstood. That's my first question.
Thank you.
Diane Bessette -- Chief Financial Officer
Well, if I could just jump in. So, in the fourth quarter about 48% of our deliveries were on finished homesites that we purchased from third parties. I don't know what it was at the beginning of the year, but I'm sure, you know, it trended up every quarter. And I think that we should expect to see that trending up in 2024 as we, you know, continue to become even more land lighter, reducing land on our balance sheet and having more control.
Stuart Miller -- Executive Chairman
There was a second part to the compounded question --
Ken Zener -- Seaport Research Partners -- Analyst
Right, there's like -- so -- right, the margin impact versus the asset efficiency.
Diane Bessette -- Chief Financial Officer
Yeah, so I think if you look big picture, you know, it's a growing number, but I would say that it's probably -- you know, 20 or 30 basis points is probably [Inaudible] and that'll probably grow as we increase that percentage. But for now, it's about 20 or 30 basis points.
Ken Zener -- Seaport Research Partners -- Analyst
Excellent. And then, I think the second item -- and I think this is more about messaging and we've spoken about this in the past. But investors are seeking clarity on net income to cash flow and buybacks. I realize your company is evolving as you reduce your land exposure.
But just, generally, as a heuristic, can you kind of confirm the statement? I think, Diane, you might have said this, actually, that the balance of cash flow will go to share repurchases, absent debt payments. Is that a simple rule of thumb that is guiding your company? And, Stuart, I think you were highlighting that you're not looking for large land deals. So, I think with the simple heuristic, people would have more confidence in that application of your cash flow. Thank you.
Stuart Miller -- Executive Chairman
Yeah. Yeah, I think that's a good characterization for right now. But, you know, what I'm trying to articulate is that we are evolving our thinking in this regard. I want to say emphatically that we're not looking for -- we're not looking for and holding back for large land deals.
We're not looking for and holding back for M&A transactions. So, let's say that that's not the direction that we're going right now and that the cash flow generated. We're [Audio gap] conservatively right now, allocation between debt retirement as debt comes due and the remainder for stock buybacks.
Diane Bessette -- Chief Financial Officer
And I think, Ken, I would also just add as it relates to debt, you might be referring to the fact that, you know, in prior quarters and prior years, we did a fair amount of early redemption on our future keynotes. And that was because we really wanted -- you know, I've always said that while the debt-to-total capital ratio is important, I think what's, perhaps, more important in my mind is what are nominal dollars on your balance sheet? And so, we really wanted to take down the nominal dollars or lessen, you know, balance. And now we're at 2.5 billion, it feels like, you know, there isn't quite the need to keep pulling debt forward. We can just kind of pay it down in an orderly fashion as it becomes due.
So, that's sort of how we're thinking about it at the moment.
Ken Zener -- Seaport Research Partners -- Analyst
Thank you very much.
Stuart Miller -- Executive Chairman
Thank you.
Operator
Thank you. Next we'll go to the line of Michael Rehaut from JPMorgan. Please go ahead.
Mike Rehaut -- JPMorgan Chase and Company -- Analyst
Thanks. Good morning, everyone, or, I guess, almost good afternoon. Thanks for all the comments so far. And also, congrats on the fast turnaround after year-end.
That is very impressive. So, I would agree with Diane's comments earlier. I wanted to, you know, first zero in a little bit on SG&A and corporate G&A for the first quarter. You know, looks like, you know, you're having, you know, revenue growth expectations alongside the, you know, predominantly driven by the higher closings, but, you know, negative leverage, I guess on on both metrics by a pretty decent margin, given a double-digit revenue growth outlook.
So, I just want to understand the drivers of that. I know you said on the corporate G&A, there's more investments. So, maybe just talking a little bit more on SG&A, if there's higher commissions or other factors that we should be aware of. And, you know, on a full year basis, should we expect SG&A and corporate G&A leverage outside of just this first quarter dynamic?
Diane Bessette -- Chief Financial Officer
Yeah, so I think, Mike, you know, as we've been articulating, we have been seeing a little bit more broker participation as sales have been a little challenging at certain times. We've been utilizing brokers judiciously, certainly using, you know, tiered programs and the like to ensure that we are capturing sales but spending dollars judiciously. Additionally, as you heard us talk about the machine, a very big part of that is the lead generation on the digital side. How do we get more leads into the funnel so that we have higher conversion rates? And so, we've been, again, judiciously spending dollars on that spend because we believe that in the end, you know, that will really produce a higher net margin for us because it's less costly than brokers or other things.
So, I think those are the two areas that have really been impacting our SG&A in the last few quarters.
Stuart Miller -- Executive Chairman
Yeah, wow, that was a great articulation of the operational side of it. That was good, Diane. But the fact is that as we've gone through this, you know, the ups and downs of the past year with interest rates, the use of our digital platform has really been a learning curve and has challenged us to get better and better and better. And while we have great affection for and engagement with our realtor community, we certainly don't want to incur costs that we don't have to incur.
And so, we have been working carefully to make sure we're managing the balance between the necessary engagement with realtors and what we can actually accomplish organically through our digital platform. And that is rippling through our SG&A. We've seen the realtor spend and some of the marketing spend kick up as we have driven to maintain sales pace. So, we're seeing some of that.
It's going to be a story of evolution as we go through 2024. Anything you want to add to that, Jon?
Jon Jaffe -- Co-Chief Executive Officer and President
I think that's a good articulation. As you said in your opening remarks, we're continuing to learn about the execution of our machine. And as we turn the dials, whether it's interest rate buydowns or incentives or the flow-through our digital funnel or the selected use of brokers, we're in that stage where we are trying, learning, experimenting, and providing the feedback to how we get better and more efficient at each of those levers that we pull to drive this consistent production sales pace.
Mike Rehaut -- JPMorgan Chase and Company -- Analyst
Great, great. No, thank you for that. I guess, secondly, just drilling down a little bit more on the gross margins and understanding it's a pretty fluid situation, certainly. But, you know, against kind of a backdrop where you've done low 24% gross margins in the back half of '23, now you're talking about low 21% in the first quarter, but, perhaps, the full year getting back to something around what you did on a full year basis in '23, it would seem like this upcoming first quarter, you know, obviously, you took steps to ensure volume and orders coming in the door.
That appear to be maybe, I don't want to say extraordinary, but you did what you needed to do, let's say, to ensure those volumes coming through in maybe a little bit more of a stressed period. Is it fair to kind of think about, perhaps, you know, a 200 basis-point or 200 to 300 basis-point type of first quarter deviation, you know, as being kind of a, I don't want to say, you know, a one-time event, but as you have the more recent interest rate backdrop coming back to late summer and where you did a gross margin closer to that 24%, is there any reason not to think that you'll be getting back to that 23%, 24% type of gross margin in relatively short order outside of, again, perhaps, some more aggressive measures that you took from an incentive that are kind of tangible and quantifiable that you see as more of just affecting the first quarter? Is that kind of the right way to think about, you know, kind of moving past this period in the very short term?
Stuart Miller -- Executive Chairman
So, it's a great question, Mike, and it's one that we're thinking a lot about. And I think that the answer to that is we'll see. But it is our instinct that is very much the case. As I noted in the fourth quarter, you really saw, as interest rates started to migrate above 7.5 to 8, you know, as I said in my remarks, it really felt like you were hitting an inflection point where you really felt in the field that the buyers were maybe starting to hit a tipping point of losing some confidence.
You know, the way I think about it is, you know, as we've gone through this time of higher interest rates, even as we saw the sharp increase in interest rates at the inception, we were able to see incentives work. The incentives were able to help the buyer get to a point of affordability, and they transacted on the need for their housing. You know, as we got into the fourth quarter, it was starting to get to that point where we weren't sure that incentives, even on the aggressive side, were going to work. You know, time went on, industry started to moderate just a little bit, not kind of as they did in the past couple days, but just that moderation took kind of the edge off.
And maybe the market needed to get to a new normal. I don't know what that was actually going to be. But the question is -- the answer to your question is, we did what we had to do. We did what it took to activate the market at the moment in time.
We're not going to build inventory. We are not going to pull back on the overriding strategy. We're driving cash flow. We're going to meet the market where the market is.
And we're going to drive through it. And that's exactly what we did through our fourth quarter. You're right that some of the margin impact might be a bit more severe as we reflect that through the first quarter. And there could well be a kind of snapback.
And we'll have to wait and see because we are going through the seasonality of this time of year right now.
Jon Jaffe -- Co-Chief Executive Officer and President
And, Stuart, if I could add, as you think about the machine and the process that we've been describing to you for quarters now, it's really a reflection of the reality that none of us have the crystal ball at any moment in time to see which way rates or buyer enthusiasm is moving. So, as we sat in the fourth quarter, we just dealt with the rate for what they were versus a speculation of where they might go. And so, as Stuart just articulated, we appropriately used mortgage rate buydowns to keep a pace going. As we sit here today, rates look better.
But again, we don't know where they're going, but we're well positioned to just maintain that pace, which, by definition, means we would use lower cost mortgage buydowns to continue to drive the consistent pace. So, as Stuart articulated, we use our margin as a shock absorber with the market conditions, interest rate environments, and you should see it move up and down as the market moves up and down.
Stuart Miller -- Executive Chairman
One last thing I'll say is, an interesting anomaly that we noted through our fourth quarter was there was greater reluctance to use an ARM product than would normally take place as we go through an interest rate cycle and much more focus on a 30-year fixed buydown, which is more expensive. And just a small tick or normalization of interest rates, and especially what's happened over the past days, really is migrating the attention of buyers through the prospect of an on-product being more acceptable. This, of course, reduces the amount of incentive that's flowing through the system. And so, we're going to have to wait and see.
Again, it's touch and feel day-by-day basis, and that's what we're working on. Why don't we take one more question?
Operator
Thank you. Our final question comes from Susan Maklari from Goldman Sachs. Please go ahead.
Susan Maklari -- Goldman Sachs -- Analyst
Thank you for squeezing me in. Good afternoon. My first question is just building on your comments in response to the last question, which is as you think about coming into the year with less than one finished start per community, which is low and especially relative to maybe some of your peers that are in sort of similar product price points markets, how do you think about the ability to leverage the improvements in the Lennar Machine to flex the business to get to the 80,000 closing that you've guided to, or to even, perhaps, flex up or flex down relative to that number, depending on how the market comes together this year?
Stuart Miller -- Executive Chairman
You know, to that extent, everything that we are doing, even the migration to the larger number of deliveries, is by design. It's about the number of communities that we have and the pace through those communities. And this is becoming very much a focused, detailed program that is managed by Jon with what we call our daily call. It's actually every other day.
And our operating group is laser-focused on, you know, production pace, start pace, cycle times, dovetailing with sales pace at the division and community level. This is being handled on a very active hands-on basis. Jon, why don't you --
Jon Jaffe -- Co-Chief Executive Officer and President
[Inaudible] that the by-design approach is to not have completed inventory, which have new inventory moving through our production machine, which we don't need to flex up or down. It will consistently come through and will consistently drive deliveries toward our goal of about 80,000 for this year. So, the market conditions will ebb and flow most likely, but our machine will be very consistent through that delivering that by design target that we have.
Susan Maklari -- Goldman Sachs -- Analyst
OK. And then in your comments, you detailed some really impressive market share gains that you've realized over the course of the year. As you think about the forward year, can you talk a bit to maybe who those share gains you think largely came from and then the ability to further outgrow the market as you drive some of these company-specific initiatives?
Stuart Miller -- Executive Chairman
So, you know, we're certainly not going to be naming names, and it's different across the platform. And I don't think you would even be able to identify a specific where it came from. I would say every market is different. Every strategy in various markets for the competitive landscape has been different.
Remember that there are some builders that have been constrained by access to capital. There have been others that just have a very different strategy. Our strategy has been clear and consistent. And where there has been pullback by one another or a group of other builders, we've leaned in, we've filled certain voids and picked up market share in that process, whether it's been in land acquisition, whether it's been in the acquisition of new trade partners to, you know, help focus on cycle time and help bring costs into focus, or whether it's been in, you know, accelerating sales or sales pace, we've been able across the board to lean in and drive market share.
Jon Jaffe -- Co-Chief Executive Officer and President
I think that the market share, the position is a byproduct of the strategy as you're hearing. It's becoming the most efficient, effective Buyer of Choice from land sellers and the most efficient, effective builder choice for our trade partners. That's what really drives our strategy and produces. As other builders pull back or maybe accelerate, we'll provide that consistent growth, that consistent volume to both land sellers and to our trade partners.
Susan Maklari -- Goldman Sachs -- Analyst
OK. Good luck.
Stuart Miller -- Executive Chairman
OK, thank you very much. We're going to end it there. I want to say thank everybody for joining us. It's been a really exciting year for our company in terms of evolution, in terms of execution, and in terms of learning curve.
And we look forward to reporting on progress through 2024. Thanks for joining.
Operator
That concludes today's conference. Thank you all for participating. [Operator signoff]
Duration: 0 minutes
Call participants:
David Collins -- Vice President and Controller
Stuart Miller -- Executive Chairman
Jon Jaffe -- Co-Chief Executive Officer and President
Diane Bessette -- Chief Financial Officer
Stephen Kim -- Evercore ISI -- Analyst
Alan Ratner -- Zelman and Associates -- Analyst
Ken Zener -- Seaport Research Partners -- Analyst
Mike Rehaut -- JPMorgan Chase and Company -- Analyst
Susan Maklari -- Goldman Sachs -- Analyst
More LEN analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has positions in and recommends Lennar. 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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Against this backdrop, Lennar's consistent strategy throughout the past year has been to continue to drive volume, to find affordability, to meet demand by using our dynamic pricing model, and using appropriate incentives and provide supply to the market. And as we turn the dials, whether it's interest rate buydowns or incentives or the flow-through our digital funnel or the selected use of brokers, we're in that stage where we are trying, learning, experimenting, and providing the feedback to how we get better and more efficient at each of those levers that we pull to drive this consistent production sales pace. Jon Jaffe -- Co-Chief Executive Officer and President And, Stuart, if I could add, as you think about the machine and the process that we've been describing to you for quarters now, it's really a reflection of the reality that none of us have the crystal ball at any moment in time to see which way rates or buyer enthusiasm is moving.
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Over the past year, we have consistently detailed our operating strategy with the expectation that we would do as follows: number one, reduce our land assets while growing our business; number two, drive strong and consistent bottom-line earnings while concurrently generating consistent net cash flow; number three, reduce our construction cycle times while increasing our inventory churn; and number four, ultimately enhance the quality of our return on equity and return on assets by focusing on the allocation of liquid assets, i.e., cash. Next, by driving consistent volume even at lower margin, we generated consistent cash flow through more challenging times and enhanced our balance sheet and our cash liquidity even after redeeming or repurchasing $1.1 billion of senior notes through the year and repurchasing 10 million shares of Lennar stock through the year. [Operator signoff] Duration: 0 minutes Call participants: David Collins -- Vice President and Controller Stuart Miller -- Executive Chairman Jon Jaffe -- Co-Chief Executive Officer and President Diane Bessette -- Chief Financial Officer Stephen Kim -- Evercore ISI -- Analyst Alan Ratner -- Zelman and Associates -- Analyst Ken Zener -- Seaport Research Partners -- Analyst Mike Rehaut -- JPMorgan Chase and Company -- Analyst Susan Maklari -- Goldman Sachs -- Analyst More LEN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool.
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Over the past year, we have consistently detailed our operating strategy with the expectation that we would do as follows: number one, reduce our land assets while growing our business; number two, drive strong and consistent bottom-line earnings while concurrently generating consistent net cash flow; number three, reduce our construction cycle times while increasing our inventory churn; and number four, ultimately enhance the quality of our return on equity and return on assets by focusing on the allocation of liquid assets, i.e., cash. Next, by driving consistent volume even at lower margin, we generated consistent cash flow through more challenging times and enhanced our balance sheet and our cash liquidity even after redeeming or repurchasing $1.1 billion of senior notes through the year and repurchasing 10 million shares of Lennar stock through the year. [Operator signoff] Duration: 0 minutes Call participants: David Collins -- Vice President and Controller Stuart Miller -- Executive Chairman Jon Jaffe -- Co-Chief Executive Officer and President Diane Bessette -- Chief Financial Officer Stephen Kim -- Evercore ISI -- Analyst Alan Ratner -- Zelman and Associates -- Analyst Ken Zener -- Seaport Research Partners -- Analyst Mike Rehaut -- JPMorgan Chase and Company -- Analyst Susan Maklari -- Goldman Sachs -- Analyst More LEN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool.
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Again, another 10% increase year over year. As Stuart discussed, our operational teams at Lennar continued focusing on executing our operating strategies in our fourth quarter. [Operator signoff] Duration: 0 minutes Call participants: David Collins -- Vice President and Controller Stuart Miller -- Executive Chairman Jon Jaffe -- Co-Chief Executive Officer and President Diane Bessette -- Chief Financial Officer Stephen Kim -- Evercore ISI -- Analyst Alan Ratner -- Zelman and Associates -- Analyst Ken Zener -- Seaport Research Partners -- Analyst Mike Rehaut -- JPMorgan Chase and Company -- Analyst Susan Maklari -- Goldman Sachs -- Analyst More LEN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool.
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711897.0
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2023-12-13 00:00:00 UTC
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Why Broadcom Stock Was a Standout on Friday
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https://www.nasdaq.com/articles/why-broadcom-stock-was-a-standout-on-friday
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Broadcom (NASDAQ: AVGO) had more than the coming weekend to celebrate on Friday. The company's share price got a nice lift after a prominent bank reshuffled its top-stock picks in the semiconductor industry. With that at its back, Broadcom's shares closed more than 2% higher on a day when the S&P 500 index essentially traded flat.
Broadcom is tops at Bank of America
No less a financial institution than mighty Bank of America was the entity tapping Broadcom as a prime stock, in the person of analyst Vivek Arya. Before market open, Arya named his new top-five semiconductor stocks; outside of Broadcom, this short list included Nvidia, NXP Semiconductors, KLA Corporation, and Synopsys.
In his research note on the quintet, the prognosticator flagged Broadcom's "leadership" in the segment of custom artificial intelligence (AI) chips as a major factor in its inclusion. AI continues to be an extremely hot area of technological development and, therefore, investor interest.
Zooming out to the broader chip sector, the industry is currently experiencing tailwinds that should push many of its stocks higher. What helps, Arya wrote, is "The consumer chip inventory correction that started in Q3'22 appears to have run its course."
A major AI player
Broadcom stock passed the $1,000-per share early this week; at the moment, it seems there's no looking back. The company is front and center of a massive technological shift with AI, and investors are betting that it will be a big winner in that game.
Should you invest $1,000 in Broadcom right now?
Before you buy stock in Broadcom, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Broadcom wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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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. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America, Nvidia, and Synopsys. The Motley Fool recommends Broadcom and NXP Semiconductors. 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's share price got a nice lift after a prominent bank reshuffled its top-stock picks in the semiconductor industry. In his research note on the quintet, the prognosticator flagged Broadcom's "leadership" in the segment of custom artificial intelligence (AI) chips as a major factor in its inclusion. The company is front and center of a massive technological shift with AI, and investors are betting that it will be a big winner in that game.
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Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Broadcom wasn't one of them. The Motley Fool has positions in and recommends Bank of America, Nvidia, and Synopsys. The Motley Fool recommends Broadcom and NXP Semiconductors.
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Broadcom is tops at Bank of America No less a financial institution than mighty Bank of America was the entity tapping Broadcom as a prime stock, in the person of analyst Vivek Arya. Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Broadcom wasn't one of them. 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.
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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 Bank of America, Nvidia, and Synopsys. The Motley Fool recommends Broadcom and NXP Semiconductors.
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5de09447-f051-429f-8ca7-99beb1acd3d0
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711898.0
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2023-12-13 00:00:00 UTC
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Philip Morris (PM) Suffers a Larger Drop Than the General Market: Key Insights
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DCOMP
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https://www.nasdaq.com/articles/philip-morris-pm-suffers-a-larger-drop-than-the-general-market%3A-key-insights
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Philip Morris (PM) closed at $94.46 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500's daily loss of 0.01%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.36%.
Heading into today, shares of the seller of Marlboro and other cigarette brands had gained 3.71% over the past month, outpacing the Consumer Staples sector's gain of 2.74% and lagging the S&P 500's gain of 5.21% in that time.
The investment community will be closely monitoring the performance of Philip Morris in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.48, reflecting a 6.47% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $8.91 billion, showing a 9.35% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.08 per share and revenue of $35.09 billion, indicating changes of +1.67% and +10.49%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Philip Morris. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.28% lower. Right now, Philip Morris possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Philip Morris has a Forward P/E ratio of 15.57 right now. This valuation marks a premium compared to its industry's average Forward P/E of 9.22.
We can additionally observe that PM currently boasts a PEG ratio of 2.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Tobacco industry was having an average PEG ratio of 2.54.
The Tobacco industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 37% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Philip Morris International Inc. (PM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Philip Morris (PM) closed at $94.46 in the latest trading session, marking a -0.22% move from the prior day. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.08 per share and revenue of $35.09 billion, indicating changes of +1.67% and +10.49%, respectively, compared to the previous year. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 37% echelons of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups.
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Philip Morris (PM) closed at $94.46 in the latest trading session, marking a -0.22% move from the prior day. The company's earnings per share (EPS) are projected to be $1.48, reflecting a 6.47% increase from the same quarter last year. Investors should also note any recent changes to analyst estimates for Philip Morris.
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e03884c7-563a-4939-9583-1c07cc7ba189
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711899.0
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2023-12-13 00:00:00 UTC
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KLA (KLAC) Increases Despite Market Slip: Here's What You Need to Know
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DCOMP
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https://www.nasdaq.com/articles/kla-klac-increases-despite-market-slip%3A-heres-what-you-need-to-know
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nan
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nan
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KLA (KLAC) ended the recent trading session at $585.13, demonstrating a +0.47% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.36%.
Shares of the maker of equipment for manufacturing semiconductors witnessed a gain of 6.79% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.87% and the S&P 500's gain of 5.21%.
The investment community will be paying close attention to the earnings performance of KLA in its upcoming release. It is anticipated that the company will report an EPS of $5.87, marking a 20.46% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.46 billion, showing a 17.72% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.34 per share and a revenue of $9.72 billion, signifying shifts of -8% and -7.42%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for KLA. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, KLA boasts a Zacks Rank of #2 (Buy).
In terms of valuation, KLA is presently being traded at a Forward P/E ratio of 24.95. This indicates a premium in contrast to its industry's Forward P/E of 18.47.
Investors should also note that KLAC has a PEG ratio of 2.51 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Electronics - Miscellaneous Products industry was having an average PEG ratio of 2.29.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
KLA Corporation (KLAC) : 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.
|
KLA (KLAC) ended the recent trading session at $585.13, demonstrating a +0.47% swing from the preceding day's closing price. For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.34 per share and a revenue of $9.72 billion, signifying shifts of -8% and -7.42%, respectively, from the last year. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.34 per share and a revenue of $9.72 billion, signifying shifts of -8% and -7.42%, respectively, from the last year. As the market closed yesterday, the Electronics - Miscellaneous Products industry was having an average PEG ratio of 2.29. Click to get this free report KLA Corporation (KLAC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 36% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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KLA (KLAC) ended the recent trading session at $585.13, demonstrating a +0.47% swing from the preceding day's closing price. It is anticipated that the company will report an EPS of $5.87, marking a 20.46% fall compared to the same quarter of the previous year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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d81fa425-919f-4611-bbbc-b933b31c0578
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