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712100.0
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2023-12-13 00:00:00 UTC
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Zacks.com featured highlights include Perdoceo Education, Novo Nordisk and Merchants Bancorp
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For Immediate Release
Chicago, IL – December 13, 2023 – Stocks in this week’s article are Perdoceo Education PRDO, Novo Nordisk NVO and Merchants Bancorp MBIN.
3 Best Profitable Stocks to Invest in Using Net Income Ratio
It's prudent to look for companies that offer sturdy returns after meeting all operating and non-operating costs. Thus, investors should seek a profitable company over a loss-making one.
Hence, we have used the concept of accounting ratios to evaluate a company's profitability. There are several profitability ratios, from which we have chosen the most successful and frequently used profitability metric to determine the bottom-line performance of a company.
To that end, Perdoceo Education, Novo Nordisk and Merchants Bancorp have been selected as the top picks with a high net income ratio.
Net Income Ratio
The net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using the net income ratio, one can determine a company's effectiveness in meeting operating and non-operating expenses from revenues. A higher net income ratio usually implies a company's ability to generate ample revenues and successfully manage all business functions.
Here are three of the 16 stocks that qualified for the screening:
Perdoceo Education provides educational services. The 12-month net profit margin of PRDO is 19.8%.
Novo Nordisk is a global healthcare company. The 12-month net profit margin of NVO is 35.2%.
Merchants Bancorp is a diversified bank holding company. The 12-month net profit margin of MBIN is 24.6%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2196527/3-best-profitable-stocks-to-invest-in-using-net-income-ratio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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
Novo Nordisk A/S (NVO) : Free Stock Analysis Report
Merchants Bancorp (MBIN) : Free Stock Analysis Report
Perdoceo Education Corporation (PRDO) : 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 Immediate Release Chicago, IL – December 13, 2023 – Stocks in this week’s article are Perdoceo Education PRDO, Novo Nordisk NVO and Merchants Bancorp MBIN. 3 Best Profitable Stocks to Invest in Using Net Income Ratio It's prudent to look for companies that offer sturdy returns after meeting all operating and non-operating costs. 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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For Immediate Release Chicago, IL – December 13, 2023 – Stocks in this week’s article are Perdoceo Education PRDO, Novo Nordisk NVO and Merchants Bancorp MBIN. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. Click to get this free report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report Perdoceo Education Corporation (PRDO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3 Best Profitable Stocks to Invest in Using Net Income Ratio It's prudent to look for companies that offer sturdy returns after meeting all operating and non-operating costs. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2196527/3-best-profitable-stocks-to-invest-in-using-net-income-ratio Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Click to get this free report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report Perdoceo Education Corporation (PRDO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3 Best Profitable Stocks to Invest in Using Net Income Ratio It's prudent to look for companies that offer sturdy returns after meeting all operating and non-operating costs. There are several profitability ratios, from which we have chosen the most successful and frequently used profitability metric to determine the bottom-line performance of a company. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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d22d0e20-188d-4f44-8f37-888350874555
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712101.0
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2023-12-13 00:00:00 UTC
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AllianceBernstein (AB) Gains as November AUM Balance Rises
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Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The company’s preliminary month-end AUM of $696 billion reflected a 6.7% increase from the end of October 2023.
The jump in AB’s November AUM balance was mainly driven by market appreciation and firm-wide net inflows.
At the end of November, AllianceBernstein’s Equity AUM jumped 8.2% on a sequential basis to $296 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) grew 4.8% to $130 billion. Likewise, Fixed Income AUM of $270 billion was up 2.9% from the end of October 2023.
In terms of channel, November month-end Institutions AUM of $305 billion increased 6.3% from the previous month. Retail AUM was $274 billion, which climbed 7.9% from the prior month’s end. Private Wealth AUM of $117 billion rose 5.7% from the October 2023 level.
AllianceBernstein’s global reach and solid AUM balance are likely to boost top-line growth. However, rising operating costs and a challenging operating backdrop are major near-term concerns.
Over the past three months, shares of AB have lost 3.9% against the industry’s rally of 5.3%.
Image Source: Zacks Investment Research
Currently, AllianceBernstein carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Invesco IVZ has announced preliminary AUM for November 2023. The company’s month-end AUM of $1.54 trillion represented a 6.3% jump from the previous month.
Invesco reported net long-term inflows of $1.7 billion in the month. Additionally, money market net inflows were $5.8 billion and non-management fee-earning net inflows were $2.7 billion. Invesco’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. Further, foreign exchange resulted in a rise in AUM by $6.7 billion.
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. This reflects a 6% increase from $1.33 trillion recorded as of Oct 31, 2023.
The rise in BEN’s AUM balance was primarily driven by the impacts of positive markets and relatively stable long-term net outflows.
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
Invesco Ltd. (IVZ) : Free Stock Analysis Report
AllianceBernstein Holding L.P. (AB) : 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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Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The rise in BEN’s AUM balance was primarily driven by the impacts of positive markets and relatively stable long-term net outflows. 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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Invesco’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company’s preliminary month-end AUM of $696 billion reflected a 6.7% increase from the end of October 2023. Invesco’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of AllianceBernstein Holding L.P. AB rallied 2.5% in response to a solid improvement in assets under management (AUM) balance for November 2023. The company’s preliminary month-end AUM of $696 billion reflected a 6.7% increase from the end of October 2023. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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e88089b8-bfef-4a61-abcc-6d42310ec1ea
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712102.0
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2023-12-13 00:00:00 UTC
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Zacks.com featured highlights include JAKKS Pacific, JinkoSolar Holding, Centene, ADT and Centerspace
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-jakks-pacific-jinkosolar-holding-centene-adt-and
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For Immediate Release
Chicago, IL – December 13, 2023 – Stocks in this week’s article are JAKKS Pacific, Inc. JAKK, JinkoSolar Holding Co., Ltd. JKS, Centene Corp. CNC, ADT Inc. ADT and Centerspace CSR.
5 Value Stocks with Impressive EV-to-EBITDA Ratios to Snap Up
The price-to-earnings (P/E) multiple enjoys wide-scale popularity among investors seeking stocks trading at a bargain. In addition to being a widely used tool for screening stocks, P/E is a popular metric for working out the fair market value of a firm. But even this ubiquitously used valuation multiple has a few limitations.
Although P/E is the most popular valuation metric, a more complicated multiple called EV-to-EBITDA works even better. Often considered a better alternative to P/E, it gives the true picture of a company's valuation and earnings potential, and has a more complete approach to valuation. While P/E considers a firm's equity portion, EV-to-EBITDA determines its total value.
JAKKS Pacific, Inc., JinkoSolar Holding Co., Ltd., Centene Corp., ADT Inc. and Centerspace are some stocks with attractive EV-to-EBITDA ratios.
Is EV-to-EBITDA a Better Substitute to P/E?
EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company's market capitalization, its debt and preferred stock minus cash and cash equivalents.
EBITDA, the other component of the multiple, gives a better idea of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.
Just like P/E, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.
EV-to-EBITDA takes into account the debt on a company's balance sheet that the P/E ratio does not. Due to this reason, EV-to-EBITDA is generally used to value the potential acquisition targets as it shows the amount of debt the acquirer has to assume. Stocks boasting a low EV-to-EBITDA multiple could be seen as attractive takeover candidates.
Another shortcoming of P/E is that it can't be used to value a loss-making firm. A company's earnings are also subject to accounting estimates and management manipulation. On the other hand, EV-to-EBITDA is difficult to manipulate and can also be used to value loss-making but EBITDA-positive companies.
EV-to-EBITDA is also a yardstick in measuring the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.
However, EV-to-EBITDA is not devoid of shortcomings and alone cannot conclusively determine a stock's inherent potential and future performance. The multiple varies across industries and is usually not appropriate while comparing stocks in different industries, given their diverse capital expenditure requirements.
A strategy solely based on EV-to-EBITDA might not yield the desired results. However, you can club it with the other major ratios in your stock-investing toolbox, such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen value stocks.
Here are our five picks out of the eight stocks that passed the screen:
JAKKS Pacific is a leading designer, manufacturer and marketer of toys and consumer products sold globally. This Zacks Rank #1 stock has a Value Score of A.
JAKKS Pacific has an expected earnings growth rate of 20.8% for the current year. The Zacks Consensus Estimate for JAKK's current-year earnings has been revised 37.9% upward over the past 60 days.
JinkoSolar is one of the leading solar module manufacturers, which distributes its solar products to a diversified international utility, commercial and residential customer base globally. This Zacks Rank #1 stock has a Value Score of A. You can see the complete list of today's Zacks #1 Rank stocks here.
JinkoSolar has an expected year-over-year earnings growth rate of 108.6% for the current year. JKS' earnings beat the Zacks Consensus Estimate in each of the last four quarters at an average of 102.7%.
Centene is a well-diversified healthcare company that primarily provides a set of services to government-sponsored healthcare programs. This Zacks Rank #2 stock has a Value Score of A.
Centene has an expected year-over-year earnings growth rate of 15.2% for the current year. The consensus estimate for CNC's current-year earnings has been revised 3.2% upward over the last 60 days.
ADT provides security and automation solutions for homes and businesses, primarily in the United States and Canada. This Zacks Rank #2 stock has a Value Score of A.
ADT has an expected year-over-year earnings growth rate of 58.3% for the current year. The Zacks Consensus Estimate for ADT's current fiscal-year earnings has been revised 5.5% upward over the last 60 days.
Centerspace is a real estate development company focused on the ownership and management of apartment communities. This Zacks Rank #2 stock has a Value Score of B.
Centerspace has an expected year-over-year earnings growth rate of 5.2% for the current year. The Zacks Consensus Estimate for CSR's current-year earnings has been revised 4.5% upward over the last 60 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2196525/5-value-stocks-with-impressive-ev-to-ebitda-ratios-to-snap-up
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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
JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report
JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report
Centene Corporation (CNC) : Free Stock Analysis Report
ADT Inc. (ADT) : Free Stock Analysis Report
Centerspace (CSR) : 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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EBITDA, the other component of the multiple, gives a better idea of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. Here are our five picks out of the eight stocks that passed the screen: JAKKS Pacific is a leading designer, manufacturer and marketer of toys and consumer products sold globally. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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For Immediate Release Chicago, IL – December 13, 2023 – Stocks in this week’s article are JAKKS Pacific, Inc. JAKK, JinkoSolar Holding Co., Ltd. JKS, Centene Corp. CNC, ADT Inc. ADT and Centerspace CSR. JAKKS Pacific, Inc., JinkoSolar Holding Co., Ltd., Centene Corp., ADT Inc. and Centerspace are some stocks with attractive EV-to-EBITDA ratios. Click to get this free report JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report ADT Inc. (ADT) : Free Stock Analysis Report Centerspace (CSR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This Zacks Rank #1 stock has a Value Score of A. JAKKS Pacific has an expected earnings growth rate of 20.8% for the current year. This Zacks Rank #2 stock has a Value Score of A. ADT has an expected year-over-year earnings growth rate of 58.3% for the current year. Click to get this free report JinkoSolar Holding Company Limited (JKS) : Free Stock Analysis Report JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report ADT Inc. (ADT) : Free Stock Analysis Report Centerspace (CSR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A company's earnings are also subject to accounting estimates and management manipulation. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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712103.0
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2023-12-13 00:00:00 UTC
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Cohen & Steers (CNS) Stock Up as November AUM Balance Improves
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Shares of Cohen & Steers, Inc. CNS rallied 1.3% in response to a solid improvement in assets under management (AUM) balance for November 2023. The company reported preliminary AUM of $78.7 billion as of Nov 30, 2023, which reflected a jump of 9.1% from the prior-month level.
Market appreciation of $7 billion largely drove the improvement, which was partially offset by net outflows of $264 million and distributions of $155 million.
Cohen & Steers recorded total institutional accounts of $32.7 billion at the end of November 2023, soaring 9.9% from the October-end level. Of the total institutional accounts, advisory accounts were $18.9 billion, while the rest were sub-advisory.
Closed-end funds were $10.7 billion, increasing 6.6% from the October 2023 level. Also, the company recorded $35.3 billion in open-end funds, marking a 9.1% rise from the prior month.
Cohen & Steers’ diverse product offerings, global reach and investment strategies are expected to support its financials. A solid AUM balance is likely to continue aiding the top line. However, a challenging operating environment is a major near-term headwind, which might hurt its financials to some extent.
Over the past three months, shares of Cohen & Steers have rallied 2.7%, underperforming the industry’s growth of 5.3%.
Image Source: Zacks Investment Research
Performance of Other Asset Managers
Invesco IVZ has announced preliminary AUM for November 2023. The company’s month-end AUM of $1.54 trillion represented a 6.3% jump from the previous month.
Invesco reported net long-term inflows of $1.7 billion in the month. Additionally, money market net inflows were $5.8 billion and non-management fee-earning net inflows were $2.7 billion.
This Zacks Rank #3 (Hold) company’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. Further, foreign exchange resulted in a rise in AUM by $6.7 billion. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. This reflects a 6% increase from $1.33 trillion recorded as of Oct 31, 2023.
The rise in BEN’s AUM balance was primarily driven by the impacts of positive markets and relatively stable long-term net outflows. At present, Franklin carries a Zacks Rank #3.
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
Invesco Ltd. (IVZ) : Free Stock Analysis Report
Cohen & Steers Inc (CNS) : 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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Shares of Cohen & Steers, Inc. CNS rallied 1.3% in response to a solid improvement in assets under management (AUM) balance for November 2023. Image Source: Zacks Investment Research Performance of Other Asset Managers Invesco IVZ has announced preliminary AUM for November 2023. 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 Zacks Rank #3 (Hold) company’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company reported preliminary AUM of $78.7 billion as of Nov 30, 2023, which reflected a jump of 9.1% from the prior-month level. This Zacks Rank #3 (Hold) company’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report Cohen & Steers Inc (CNS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This Zacks Rank #3 (Hold) company’s November AUM was positively impacted by market returns, which increased the AUM balance by $75 billion. 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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41331277-2274-4094-9625-a90a08958615
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712104.0
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2023-12-13 00:00:00 UTC
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Implied Volatility Surging for First Solar (FSLR) Stock Options
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https://www.nasdaq.com/articles/implied-volatility-surging-for-first-solar-fslr-stock-options
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Investors in First Solar, Inc. FSLR need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $65.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for First Solar shares, but what is the fundamental picture for the company? Currently, First Solar is a Zacks Rank #3 (Hold) in the Solar industry that ranks in the Bottom 14% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while 13 have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $3.49 per share to $3.27 in that period.
Given the way analysts feel about First Solar right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
Click to see the trades 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
First Solar, Inc. (FSLR) : 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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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. 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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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. Click to get this free report First Solar, Inc. (FSLR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Currently, First Solar is a Zacks Rank #3 (Hold) in the Solar industry that ranks in the Bottom 14% of our Zacks Industry Rank. Oftentimes, options traders look for options with high levels of implied volatility to sell premium.
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Given the way analysts feel about First Solar right now, this huge implied volatility could mean there’s a trade developing. Looking to Trade Options? Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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a6e520a3-8d85-41a5-850a-46a930e4ef42
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712105.0
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2023-12-13 00:00:00 UTC
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4 Things You Need to Know if You Buy Bank of America Stock Today
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https://www.nasdaq.com/articles/4-things-you-need-to-know-if-you-buy-bank-of-america-stock-today
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Bank of America (NYSE: BAC) is one of the largest banks in the U.S. It is also known for being one of the largest holdings in Berkshire Hathaway's $363 billion portfolio.
The bank is known for its solid financial performance and navigating challenging times over the past few decades. As one of the largest banks in the U.S., Bank of America has dealt with challenges from the low-interest rate era, followed more recently by the period of higher-than-expected interest rates we are currently experiencing.
However, its stock performance has been underwhelming. Since the start of 2022, Bank of America has delivered negative returns of 27%, compared to the S&P 500 index, which remained flat during the same period. If you're considering buying Bank of America stock today, here are four things you'll want to consider.
1. BofA is the second-largest U.S. bank and offers a variety of financial services
With over $2.5 trillion in assets, BofA is the second-largest bank in the U.S., trailing only JPMorgan Chase. The bank offers traditional banking services, including checking and savings accounts, loans, online bill pay, and other payment services. Its banking business, including consumer, commercial, and corporate customers, accounts for about 70% of its income.
Image source: Getty Images.
Additionally, Bank of America offers wealth and investment management services, providinginvestment adviceand solutions on things like brokerage and retirement products. Finally, its investment banking business provides advisory and underwriting on equity and debt instruments. These two services account for 12% and 17% of this year's earnings and give it multiple revenue streams to round out the business.
Being a large bank has its headaches, including strict capital requirements and a higher degree of scrutiny from regulators. However, there are also benefits to being at the scale of Bank of America. Its various businesses provide diverse income sources that do well in different economic environments. Its traditional banking business benefits during times of rising interest rates. Investment banking can be volatile but provides upside in a good economy. Finally, its wealth and asset management segment provides it with a steady, reliable cash flow stream.
Additionally, its deposit base is diverse and spread among industries, geographies, and customer classes. As a result, its deposits shouldn't fluctuate like those of smaller banks that continue to struggle with outflows.
2. Rising interest rates benefited Bank of America last year
Since March 2022, the Federal Reserve has raised its benchmark interest rate from around zero to 5.25%. Rising interest rates can benefit bank stocks because they help increase the spread between the interest they earn on loans and the interest paid out on deposits.
Last year, Bank of America's net interest income grew by 22% as its yield on interest-earning assets jumped from 30 basis points to 1.96%.
BAC Net Interest Income (TTM) data by YCharts.
3. Elevated interest rates have BofA sitting on $132 billion in unrealized losses
High interest rates are a double-edged sword for banks. They can help increase the net interest spread, especially in the early days of the interest rate hikes, as rates on loans adjust more quickly than deposit rates.
However, rates that continue to move higher can weigh on banks in a few different ways. For example, rising interest rates can slow the economy and result in less lending. They can also increase deposit costs as banks raise rates to retain customers. Finally, they can affect the value of investments banks hold on their books.
Interest rates and the value of bonds, such as Treasuries or mortgage-backed securities, have an inverse relationship. In other words, when interest rates rise, the value of those bonds goes down because they are less attractive compared to new investments that offer higher yields. As a result of the Federal Reserve's aggressive interest rate hikes, BofA sits on nearly $132 billion in unrealized security losses.
While this is undoubtedly significant, investors shouldn't be too concerned. The bank plans to hold the securities to maturity, and CFO Alastair Borthwick told investors, "We will anticipate that we'll have zero losses over time."
The unrealized losses become a real problem if they are forced to sell the way Silicon Valley Bank (an SVB Financial subsidiary) did back in March. However, Bank of America's deposits are quite diverse and more sticky than others, which should help it ride out these near-term challenges.
4. Bank of America is trading at a dirt cheap valuation
There is uncertainty around the banking sector because of the future path of interest rates and potential regulatory moves that could require banks to hold more capital in reserve. An economic slowdown would further add to banks' woes.
BofA stock seems to reflect these concerns, with investors valuing it at 1.28 times its tangible book value, 2.47 times sales, and a measly 8.6 times earnings -- all of which are below its 10-year historical average.
BAC Price to Tangible Book Value data by YCharts.
An intriguing price point for long-term investors
The banking industry will face headwinds in the near future as it grapples with the ongoing effects of higher interest rates that could potentially lead to an economic slowdown. However, Bank of America has done a solid job of navigating economic cycles in the past, and its cheap valuation could provide a good entry point for investors with a long-term horizon.
Should you invest $1,000 in Bank of America right now?
Before you buy stock in Bank of America, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bank of America 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
SVB Financial provides credit and banking services to The Motley Fool. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America, Berkshire Hathaway, and JPMorgan Chase. 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, Bank of America offers wealth and investment management services, providinginvestment adviceand solutions on things like brokerage and retirement products. An intriguing price point for long-term investors The banking industry will face headwinds in the near future as it grapples with the ongoing effects of higher interest rates that could potentially lead to an economic slowdown. However, Bank of America has done a solid job of navigating economic cycles in the past, and its cheap valuation could provide a good entry point for investors with a long-term horizon.
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Rising interest rates benefited Bank of America last year Since March 2022, the Federal Reserve has raised its benchmark interest rate from around zero to 5.25%. As a result of the Federal Reserve's aggressive interest rate hikes, BofA sits on nearly $132 billion in unrealized security losses. See the 10 stocks *Stock Advisor returns as of December 11, 2023 SVB Financial provides credit and banking services to The Motley Fool.
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As one of the largest banks in the U.S., Bank of America has dealt with challenges from the low-interest rate era, followed more recently by the period of higher-than-expected interest rates we are currently experiencing. Bank of America is trading at a dirt cheap valuation There is uncertainty around the banking sector because of the future path of interest rates and potential regulatory moves that could require banks to hold more capital in reserve. Before you buy stock in Bank of America, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bank of America wasn't one of them.
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Its traditional banking business benefits during times of rising interest rates. Before you buy stock in Bank of America, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bank of America wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 SVB Financial provides credit and banking services to The Motley Fool.
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426c76a7-c334-42ae-9a6a-8ba0951a938a
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712106.0
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2023-12-13 00:00:00 UTC
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Ericsson (ERIC) Private 5G Network Boosts CJ Logistics Yield
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https://www.nasdaq.com/articles/ericsson-eric-private-5g-network-boosts-cj-logistics-yield
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Ericsson ERIC recently announced that its first private 5G network for the logistics sector has achieved a significant improvement in the productivity of CJ Logistics at the latter’s Ichiri center in Icheon City, South Korea. The successful debut of a full-scale commercial private 5G network is likely to sow the seeds of similar deployments within the logistics sector, which is predicted to reach $15,978.2 billion by 2032.
Ericsson’s private 5G network offers secure and reliable 4G and 5G connectivity through its single server dual mode core. It ensures faster time to service, delivering advanced and intelligent operations in any environment while securing sensitive data. Leveraging dedicated industry spectrum, the network facilitates seamless communication, data exchange and coordination among various devices, systems and stakeholders involved in complex operations.
With 400 warehouse facilities in South Korea and 40 more centers globally, CJ Logistics sought ideal network connectivity that offered scalability and easy deployment capability to implement the Logistics 4.0 concept. This includes efficient handling of rapidly growing data volume, use of predictive analytics, introduction of additional Internet of Things devices, automation of processes and leveraging AI to make logistics centers even more productive.
Moreover, CJ Logistics experienced continued connectivity blackouts and dead zones despite installing 300 Wi-Fi access points throughout its warehouse, making it imperative to set up a private 5G network across its facilities. The deployment of Ericsson’s 5G products involved 15% less capital investment compared to the wired alternative (requiring only 22 radio dots for the installment) and resulted in a 20% improvement in CJ Logistics’ productivity.
Ericsson’s private 5G network is well-suited for users such as factories and education campuses due to its high-performing indoor and outdoor 5G cellular coverage with high security and low latency. As a result of the private 5G network, new innovative applications and IoT can be used to improve productivity and business operations, and increase cost savings via real-time data sharing, automation and robotics.
With the emergence of the smartphone market and the subsequent usage of mobile broadband, user demand for coverage speed and quality has increased exponentially. Further, to maintain performance with increased traffic, there is a continuous need for network tuning and optimization. Ericsson is much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity. The company is reportedly the world’s largest supplier of LTE technology with a significant market share and has established a large number of LTE networks worldwide.
The company focuses on 5G system development and has undertaken many notable endeavors to position itself as a market leader. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. Ericsson expects mainstream 4G offerings to give way to 5G technology in the future. It currently has 157 live 5G networks across the globe, spanning 66 countries.
The stock has lost 12.3% over the past year compared with the industry’s decline of 0.5%.
Image Source: Zacks Investment Research
Ericsson currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Picks
Comtech Telecommunications Corp. CMTL, presently carrying a Zacks Rank #2 (Buy), is a solid pick. Headquartered in Melville, NY, the company is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers.
Comtech’s key satellite earth station modems incorporate forward error correction and bandwidth compression technologies, which enable its customers to optimize their satellite networks by either reducing their satellite transponder lease costs or increasing data.
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 their cloud architectures and enhance their cloud experiences. Arista has a long-term earnings growth expectation of 20.4% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
AudioCodes Ltd. AUDC currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 14%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
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
Ericsson (ERIC) : Free Stock Analysis Report
Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report
AudioCodes Ltd. (AUDC) : 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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This includes efficient handling of rapidly growing data volume, use of predictive analytics, introduction of additional Internet of Things devices, automation of processes and leveraging AI to make logistics centers even more productive. Moreover, CJ Logistics experienced continued connectivity blackouts and dead zones despite installing 300 Wi-Fi access points throughout its warehouse, making it imperative to set up a private 5G network across its facilities. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
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With 400 warehouse facilities in South Korea and 40 more centers globally, CJ Logistics sought ideal network connectivity that offered scalability and easy deployment capability to implement the Logistics 4.0 concept. Key Picks Comtech Telecommunications Corp. CMTL, presently carrying a Zacks Rank #2 (Buy), is a solid pick. Click to get this free report Ericsson (ERIC) : Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report AudioCodes Ltd. (AUDC) : 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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Ericsson ERIC recently announced that its first private 5G network for the logistics sector has achieved a significant improvement in the productivity of CJ Logistics at the latter’s Ichiri center in Icheon City, South Korea. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations. Click to get this free report Ericsson (ERIC) : Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report AudioCodes Ltd. (AUDC) : 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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Image Source: Zacks Investment Research Ericsson currently carries a Zacks Rank #3 (Hold). It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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1edf8078-6050-4b27-92d5-d495b506b092
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712107.0
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2023-12-13 00:00:00 UTC
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2 Hypergrowth Tech Stocks to Buy in 2023 and Beyond
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https://www.nasdaq.com/articles/2-hypergrowth-tech-stocks-to-buy-in-2023-and-beyond-7
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The tech market is booming, with the Nasdaq-100 Technology sector up about 58% year to date. Advances in high-growth markets like artificial intelligence (AI) and cloud computing have made Wall Street particularly bullish, and excitement is unlikely to dissipate in 2024.
With the new year right around the corner, now is an excellent time to consider investing in companies likely to flourish over the next 12 months. Tech stocks are an attractive option, as they're known for delivering significant gains over the long term. And there's no telling how high they could rise alongside developments in AI and other markets.
So here are two hypergrowth tech stocks to buy in 2023 and beyond.
1. Alphabet
As the world's third-most-valuable tech company with a market cap of $1.7 trillion, it's hard to go wrong with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). The company is home to some of the most recognizable brands, with Google, YouTube, and Android attracting billions of users daily. Alphabet's potent products have made it nearly impossible for most consumers to go a single day without using one of its services.
The tech giant's vast user base has seen it become an advertising powerhouse, using the popularity of its platforms to gain a 25% market share in the $680 billion digital ad market. Macroeconomic headwinds burdened the industry in 2022 as spikes in inflation caused businesses to cut ad spending. However, solid growth in Alphabet's third quarter of 2023 has likely signaled an end to market declines.
The quarter saw Alphabet post revenue gains of 11% year over year, beating analysts' expectations by $980 million. The growth was mainly thanks to boosted advertising income, with Google Search and YouTube ads reporting revenue rises of 11% and 12%, respectively.
In addition to advertising, Alphabet has a lucrative position in the cloud market with Google Cloud. The company revealed in August that 70% of AI start-ups worth more than $1 billion are Google Cloud customers. Meanwhile, the company is gearing up to launch Gemini in 2024, a large language model likely to allow Alphabet to expand its AI cloud offerings.
Data by YCharts
Despite Alphabet's success and brand recognition, it's one of the cheapest tech stocks right now. The charts above compare the price-to-earnings ratios and price-to-free cash flows of some of the biggest tech companies. These valuations are helpful when determining if a stock is trading at the right price, with the figures indicating Alphabet is a bargain compared to its peers. The company is an excellent investment option in 2023 and ahead of the new year.
2. Apple
Apple (NASDAQ: AAPL) has been a favorite on Wall Street for years, with shares that have soared more than 360% over the last five years and significantly outperformed the S&P 500's growth of 75%.
A P/E and price-to-free cash flow of 31 don't scream bargain, as the chart shows in the previous section, but that's in comparison to Alphabet, which is one of the cheapest ways to invest in tech. Meanwhile, the company has the cash and brand loyalty to flourish over the long term.
Data by YCharts
Apple hasn't had the easiest year, with an economic downturn causing repeated declines in its product sales and revenue dipping 3% year over year in its fiscal 2023. Yet it still ended the year with more than $162 billion in cash, cash equivalents, and marketable securities. And as illustrated by the table above, Apple achieved more free cash flow than many of the most prominent tech companies.
The company may have stumbled over the last 12 months, but it has the funds to overcome market challenges and heavily invest in its business.
Moreover, it wasn't all bad news for Apple this year. Its services division remained the fastest-growing part of its business, with the segment posting revenue growth of 9% year over year. Services includes income from the App Store and subscriptions like Apple TV+, Music, and iCloud. The digital business is a particularly lucrative area for Apple, proving less vulnerable to economic fluctuations and delivering profit margins of around 71%. For reference, products' profit margins come in at 36%.
Apple's business is gradually prioritizing digital offerings, making its stock an attractive long-term option. Alongside substantial cash reserves and recent expansions into AI and virtual reality, Apple is a hypergrowth stock too good to pass up.
Should you invest $1,000 in Alphabet right now?
Before you buy stock in Alphabet, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advances in high-growth markets like artificial intelligence (AI) and cloud computing have made Wall Street particularly bullish, and excitement is unlikely to dissipate in 2024. A P/E and price-to-free cash flow of 31 don't scream bargain, as the chart shows in the previous section, but that's in comparison to Alphabet, which is one of the cheapest ways to invest in tech. Alongside substantial cash reserves and recent expansions into AI and virtual reality, Apple is a hypergrowth stock too good to pass up.
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The quarter saw Alphabet post revenue gains of 11% year over year, beating analysts' expectations by $980 million. Data by YCharts Apple hasn't had the easiest year, with an economic downturn causing repeated declines in its product sales and revenue dipping 3% year over year in its fiscal 2023. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them.
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Alphabet As the world's third-most-valuable tech company with a market cap of $1.7 trillion, it's hard to go wrong with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Data by YCharts Apple hasn't had the easiest year, with an economic downturn causing repeated declines in its product sales and revenue dipping 3% year over year in its fiscal 2023. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them.
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In addition to advertising, Alphabet has a lucrative position in the cloud market with Google Cloud. Apple Apple (NASDAQ: AAPL) has been a favorite on Wall Street for years, with shares that have soared more than 360% over the last five years and significantly outperformed the S&P 500's growth of 75%. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them.
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2023-12-13 00:00:00 UTC
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Auto Roundup: F Invests in Nickel Plant, STLA Collaborates With Ample & More
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https://www.nasdaq.com/articles/auto-roundup%3A-f-invests-in-nickel-plant-stla-collaborates-with-ample-more
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Last week, the China Passenger Car Association released vehicle sales data for November. China's passenger vehicle sales grew 25% year over year to 2.1 million units, representing the fourth consecutive month of increase. November marked the highest monthly sales of new energy vehicles in the country in 2023 with 841,000 units sold, driven by increased year-end promotions and discounts.
On the news front, recreational vehicle maker Thor Industries, Inc. THO, China’s electric vehicle company NIO Inc. NIO and auto parts retailer AutoZone Inc. AZO posted quarterly results. While AZO delivered a comprehensive beat on both fronts, Thor came up with mixed results. NIO delivered a narrower-than-expected loss but fell short of revenue estimates.
In light of the rising demand for electric vehicles (EVs), automakers are striving to secure raw materials like lithium, cobalt and nickel for EV batteries. To that end, U.S. legacy automaker Ford F is investing in an under-construction nickel plant in Indonesia to strengthen its supply chain.
Meanwhile, Italian-American auto giant Stellantis STLA joined forces with Ample to integrate Ample's Modular Battery Swapping technology into its EVs. Ample’s Modular Battery Swapping solution offers fast and convenient charging. As part of the Dare Forward 2030 plan, Stellantis aims to achieve a 100% passenger car battery electric vehicle (“BEV”) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by the end of the decade.
While STLA and NIO presently hold a Zacks Rank #1 (Strong Buy) and #2 (Buy), respectively, AZO, THO and F carry a Zacks Rank #3 (Hold) each currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Last Week’s Top Stories
Thor reported earnings of 99 cents per share for first-quarter fiscal 2024 (ended Oct 31, 2023), which surpassed the Zacks Consensus Estimate of 87 cents. The bottom line however tumbled 60.9% from the year-ago quarter’s earnings of $2.53 per share. The company registered revenues of $2,500.8 million for the quarter under review, lagging the Zacks Consensus Estimate of $2,510.4 million. The top line declined 19.5% year over year.
As of Oct 31, 2023, Thor had cash and cash equivalents of $425.8 million and long-term debt of $1,271.9 million. During the first quarter of fiscal 2024, THO repurchased $30 million of common stock at an average price of $91.61. The company has reaffirmed its full-year guidance for fiscal 2024. It projects its full-year consolidated net sales in the range of $10.5-$11 billion. The consolidated gross profit margin is expected to be in the range of 14.5-15%. Earnings per share are expected to be in the range of $6.25-$7.25.
AutoZone reported earnings of $32.55 per share for first-quarter fiscal 2024 (ended Nov 18, 2023), up 18.6% year over year. Earnings surpassed the Zacks Consensus Estimate of $31.01 per share. Net sales grew 5.1% year over year to $4,190.3 million. The top line also surpassed the Zacks Consensus Estimate of $4,171.9 million. In the reported quarter, domestic commercial sales totaled $1,092.9 million, up from $1,034.4 million recorded in the year-ago period. Domestic same-store sales (sales at stores open at least for a year) rose 1.2%.
During the quarter, AutoZone opened 17 new stores and closed one store in the United States. It opened five new stores in Mexico and four stores in Brazil. It exited the quarter with 6,316 stores in the United States, 745 in Mexico and 104 in Brazil. The total store count was 7,165 as of Nov 18, 2023.As of Nov 18, 2023, AutoZone had cash and cash equivalents of $282.9 million, up from $269.7 million as of Nov 19, 2022. Its total debt amounted to $8,583.5 million as of Nov 18, 2023, increasing from $6,328.3 million as of Nov 19, 2022.
Ford is investing in a battery-nickel plant in Indonesia to strengthen its supply chain. It is collaborating with PT Vale Indonesia and Zhejiang Huayou Cobalt Co. in a project to produce 120,000 tons of nickel chemicals per year for EV batteries. The nickel plant called Pomalaa, which is currently under construction, is likely to commence commercial production in 2026. Although the share of investment of each company in the project is unknown, the total investment is estimated to be around $4.5 billion.
Amid growing refinery investment in Indonesia, the country has become a significant producer of battery-compatible nickel. Per Lisa Drake, vice president of Ford's EV Programs and Energy Supply Chain, the direct investment in plants allows Ford to source nickel in cost-efficient ways. It also allows the automaker to keep the amount of nickel mined in line with the company’s sustainability target. Ford aims to produce more than 2 million EVs by 2026-end. By 2030, it expects EVs to account for 50% of its global sales, which will cement its position in the red-hot EV landscape.
Stellantis has signed a binding agreement with Ample to integrate Ample’s Modular Battery Swapping technology in its EVs. With this technology, EV users can swap their depleted EV battery with a fully charged battery in less than five minutes at a battery swapping station. Stellantis is also in talks with Ample to expand the application of Ample’s Modular Battery Swapping technology to meet the automaker’s fleet and consumer demand across other platforms and geographies.
The program that will use a fleet of 100 Fiat 500e within Stellantis’ Free2move car-sharing service is scheduled to start in 2024 in Madrid, Spain. The Fiat 500e is Stellantis’ highest-selling EV.Per Ricardo Stamatti, senior vice president & global head of Stellantis Energy & Free2move Charge, Ample’s Modular Battery Swapping solution can offer Stellantis’ customers higher energy efficiency, outstanding performance and lower range anxiety.
NIO incurred a loss per American Depositary Share of 37 cents in the third quarter of 2023, narrower than the Zacks Consensus Estimate of a loss of 43 cents. However, the reported loss was wider than the year-ago period's reported loss of 36 cents. Revenues of $2,613.3 million lagged the Zacks Consensus Estimate of $2,631.1 million but increased roughly 43% year over year due to higher delivery volumes. NIO delivered 55,432 vehicles (including 37,585 SUVs and 17,847 sedans) in the third quarter, up 75.4% year over year.
Vehicle margin in the reported quarter fell to 11% from 16.4% in third-quarter 2022 due to changes in product mix. Gross margin was 8%, down from 13.3% in the year-ago quarter. As of Sep 30, 2023, cash and cash equivalents totaled $3,301 million and long-term debt amounted to $1,666 million. For fourth-quarter 2023, NIO projects deliveries in the range of 47,000-49,000 vehicles, implying a 17.3-22.3% increase year over year. Revenues are estimated to be between $2,204 million and $2,289 million.
Price Performance
The following table shows the price movement of some of the major auto players over the last week and six-month period.
Image Source: Zacks Investment Research
What’s Next in the Auto Space?
Industry watchers will keep a tab on November new car registration data to be released by the European Automobile Manufacturers Association.
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
Ford Motor Company (F) : Free Stock Analysis Report
Thor Industries, Inc. (THO) : Free Stock Analysis Report
AutoZone, Inc. (AZO) : Free Stock Analysis Report
NIO Inc. (NIO) : Free Stock Analysis Report
Stellantis N.V. (STLA) : 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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November marked the highest monthly sales of new energy vehicles in the country in 2023 with 841,000 units sold, driven by increased year-end promotions and discounts. It is collaborating with PT Vale Indonesia and Zhejiang Huayou Cobalt Co. in a project to produce 120,000 tons of nickel chemicals per year for EV batteries. 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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On the news front, recreational vehicle maker Thor Industries, Inc. THO, China’s electric vehicle company NIO Inc. NIO and auto parts retailer AutoZone Inc. AZO posted quarterly results. The Fiat 500e is Stellantis’ highest-selling EV.Per Ricardo Stamatti, senior vice president & global head of Stellantis Energy & Free2move Charge, Ample’s Modular Battery Swapping solution can offer Stellantis’ customers higher energy efficiency, outstanding performance and lower range anxiety. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company registered revenues of $2,500.8 million for the quarter under review, lagging the Zacks Consensus Estimate of $2,510.4 million. Revenues of $2,613.3 million lagged the Zacks Consensus Estimate of $2,631.1 million but increased roughly 43% year over year due to higher delivery volumes. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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AutoZone reported earnings of $32.55 per share for first-quarter fiscal 2024 (ended Nov 18, 2023), up 18.6% year over year. In the reported quarter, domestic commercial sales totaled $1,092.9 million, up from $1,034.4 million recorded in the year-ago period. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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1de3fd50-ec44-4c14-8985-af2ced44692a
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712109.0
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2023-12-13 00:00:00 UTC
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Better EV Stock: Nio vs. Rivian Automotive
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DCOMP
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https://www.nasdaq.com/articles/better-ev-stock%3A-nio-vs.-rivian-automotive
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nan
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Nio (NYSE: NIO) and Rivian (NASDAQ: RIVN) both saw their shares skyrocket to all-time highs during the buying frenzy in growth stocks in 2021. However, both electric vehicle (EV) makers subsequently shed nearly 90% of their value as their revenue growth cooled off and rising interest rates popped their bubbly valuations. The broader slowdown of the EV market exacerbated that pain.
Yet, two key facts set Nio and Rivian apart from many of the EV makers that were washed away by that sector-wide sell-off. First, Nio and Rivian are already producing tens of thousands of vehicles annually as other smaller EV makers struggle to ramp up their production. Second, Nio and Rivian both went public through traditional IPOs instead of merging with special purpose acquisition companies (SPACs), which were notorious for making over-the-top forecasts during their pre-merger presentations.
So should contrarian investors buy Nio or Rivian even as the bulls shun most EV stocks?
Image source: Nio.
Nio faces slowing growth and shrinking margins
Nio is a leading Chinese EV maker that manufactures a wide range of electric sedans and SUVs. It sets itself apart from the competition with a network of battery swapping stations, which allow its drivers to quickly swap out their depleted batteries for fully charged ones instead of using traditional charging stations.
Nio's total number of deliveries more than doubled in both 2020 and 2021, yet only grew 34% to 122,486 vehicles in 2022. Its deliveries rose 33% year over year to 142,026 vehicles in the first eleven months of 2023. It attributed that slowdown to supply chain constraints, macro challenges, and the pricing war across China's EV market.
That slowdown wasn't disastrous, but Nio's vehicle margin also fell from a peak of 20.1% in 2021 to just 11% in the third quarter of 2023. As its vehicle margins declined, its operating expenses continued rising as it built more battery swapping stations across China and continued its expansion into Europe.
As a result, analysts expect its revenue to only rise 12% to 55.18 billion yuan ($7.73 billion) for the full year as its net loss widens from 14.56 billion yuan ($2.04 billion) to 18.55 billion yuan ($2.60 billion).
On the bright side, Nio's quarterly deliveries rose sequentially in the third quarter of 2023 and ended a two-quarter streak of sequential declines. Its vehicle margins have also expanded sequentially for two consecutive quarters. It was still sitting on $6.2 billion in cash, cash equivalents, and short-term investments at the end of the third quarter, so it can afford to rack up more losses as the pricing war drags on.
Its stock also looks cheap at less than two times this year's sales.
Rivian overpromised and underdelivered
Rivian produces electric pickups and a custom delivery van for its top investor Amazon. It had only produced 1,015 vehicles by the end of 2021, but it ramped up its production and manufactured 24,337 vehicles in 2022.
That growth was impressive, but Rivian had initially told investors it could produce 50,000 vehicles for the full year. It halved that forecast to 25,000 vehicles in early 2022 as it grappled with supply chain constraints, but it still narrowly missed that lower target. Its growth was further throttled by several safety-related recalls over the past year.
Rivian produced 36,961 vehicles in the first nine months of 2023, and it expects to produce 52,000 vehicles for the full year. But once again, that missed the consensus forecast (and its internal goal) of 62,000 vehicles. Therefore, Rivian's growth rates weren't that bad -- but its habit of over-promising and underdelivering rattled its investors. That's probably why Ford Motor, which was originally one of Rivian's top investors alongside Amazon, liquidated most of its stake last year.
Yet Rivian still ended its latest quarter with $9.1 billion in cash, cash equivalents, and short-term investments. Analysts expect its revenue to surge 165% to $4.39 billion as it narrows its net loss from $5.22 billion to $3.99 billion.
Those narrower losses can be attributed to the production of its in-house Enduro drive unit (which reduces its supply chain costs), hundreds of layoffs, and other cost-cutting measures. Rivian's growth rates look much healthier than Nio's, but its stock looks a bit pricier at three times this year's sales.
The better buy: Rivian
Nio's business is gradually stabilizing, but its revenue growth is still decelerating and its losses are widening. Rivian might have broken a few promises since its IPO, but its core business is still expanding at a healthy rate as it tightens up its spending. Therefore, I believe Rivian has a much better shot at bouncing back than Nio over the next few years.
Should you invest $1,000 in Nio right now?
Before you buy stock in Nio, consider this:
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See the 10 stocks
*Stock Advisor returns as of December 7, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Leo Sun has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Nio. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, both electric vehicle (EV) makers subsequently shed nearly 90% of their value as their revenue growth cooled off and rising interest rates popped their bubbly valuations. Second, Nio and Rivian both went public through traditional IPOs instead of merging with special purpose acquisition companies (SPACs), which were notorious for making over-the-top forecasts during their pre-merger presentations. Those narrower losses can be attributed to the production of its in-house Enduro drive unit (which reduces its supply chain costs), hundreds of layoffs, and other cost-cutting measures.
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As a result, analysts expect its revenue to only rise 12% to 55.18 billion yuan ($7.73 billion) for the full year as its net loss widens from 14.56 billion yuan ($2.04 billion) to 18.55 billion yuan ($2.60 billion). Yet Rivian still ended its latest quarter with $9.1 billion in cash, cash equivalents, and short-term investments. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them.
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Nio (NYSE: NIO) and Rivian (NASDAQ: RIVN) both saw their shares skyrocket to all-time highs during the buying frenzy in growth stocks in 2021. As a result, analysts expect its revenue to only rise 12% to 55.18 billion yuan ($7.73 billion) for the full year as its net loss widens from 14.56 billion yuan ($2.04 billion) to 18.55 billion yuan ($2.60 billion). Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them.
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Its deliveries rose 33% year over year to 142,026 vehicles in the first eleven months of 2023. That growth was impressive, but Rivian had initially told investors it could produce 50,000 vehicles for the full year. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them.
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2619f703-94da-4cd1-a7f6-1995d1e5abfa
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712110.0
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2023-12-13 00:00:00 UTC
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Realty Income Corp. (O) Upgraded to Buy: Here's What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/realty-income-corp.-o-upgraded-to-buy%3A-heres-what-you-should-know
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nan
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nan
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Realty Income Corp. (O) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Realty Income Corp. is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Realty Income Corp. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Realty Income Corp.
This real estate investment trust is expected to earn $4.01 per share for the fiscal year ending December 2023, which represents a year-over-year change of 2.3%.
Analysts have been steadily raising their estimates for Realty Income Corp. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.1%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Realty Income Corp. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
Realty Income Corporation (O) : 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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An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Realty Income Corp. imply an improvement in the company's underlying business. 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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Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. You can learn more about the Zacks Rank here >>> The upgrade of Realty Income Corp. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Realty Income Corp. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. You can learn more about the Zacks Rank here >>> The upgrade of Realty Income Corp. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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1982d65a-2f84-417e-ba71-24111cce4b60
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712111.0
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2023-12-13 00:00:00 UTC
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Daily Dividend Report: MAA,O,USB,AMGN,CAT
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https://www.nasdaq.com/articles/daily-dividend-report%3A-maaousbamgncat
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Mid-America Apartment Communities today announced that its board of directors approved a quarterly dividend payment of $1.47 per share of common stock to be paid on January 31, 2024, to shareholders of record on January 12, 2024, representing a 5% increase over the prior rate. The increase will raise the annualized dividend payout to $5.88 per share of common stock and represents the 14th consecutive year MAA has increased its dividend to shareholders. As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on February 7, 2024.
Realty Income, The Monthly Dividend Company—, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2565 per share from $0.2560 per share. The dividend is payable on January 12, 2024, to stockholders of record as of January 2, 2024. This is the 123rd dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for January's dividend is December 29, 2023. The new monthly dividend represents an annualized dividend amount of $3.078 per share as compared to the prior annualized dividend amount of $3.072 per share.
The Board of Directors of U.S. Bancorp has declared a regular quarterly dividend of $0.49 per common share, payable January 16, 2024, to stockholders of record at the close of business on December 29, 2023. At this quarterly dividend rate, the annual dividend is equivalent to $1.96 per common share.
Amgen today announced that its Board of Directors declared a $2.25 per share dividend for the first quarter of 2024. This is the 12th consecutive year that Amgen has increased its dividend and comes as the Company continues to invest in innovation and deleverage its balance sheet. The dividend will be paid on March 7, 2024, to all stockholders of record as of the close of business on February 16, 2024.
The Board of Directors of Caterpillar voted yesterday to maintain the quarterly dividend of one dollar and thirty cents per share of common stock, payable Feb. 20, 2024, to shareholders of record at the close of business on Jan. 22, 2024. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. Caterpillar has paid higher annual dividends to shareholders for 30 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrats Index.
VIDEO: Daily Dividend Report: MAA,O,USB,AMGN,CAT
The views and 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 U.S. Bancorp has declared a regular quarterly dividend of $0.49 per common share, payable January 16, 2024, to stockholders of record at the close of business on December 29, 2023. This is the 12th consecutive year that Amgen has increased its dividend and comes as the Company continues to invest in innovation and deleverage its balance sheet. The Board of Directors of Caterpillar voted yesterday to maintain the quarterly dividend of one dollar and thirty cents per share of common stock, payable Feb. 20, 2024, to shareholders of record at the close of business on Jan. 22, 2024.
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Mid-America Apartment Communities today announced that its board of directors approved a quarterly dividend payment of $1.47 per share of common stock to be paid on January 31, 2024, to shareholders of record on January 12, 2024, representing a 5% increase over the prior rate. Realty Income, The Monthly Dividend Company—, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2565 per share from $0.2560 per share. The Board of Directors of U.S. Bancorp has declared a regular quarterly dividend of $0.49 per common share, payable January 16, 2024, to stockholders of record at the close of business on December 29, 2023.
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The increase will raise the annualized dividend payout to $5.88 per share of common stock and represents the 14th consecutive year MAA has increased its dividend to shareholders. Realty Income, The Monthly Dividend Company—, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2565 per share from $0.2560 per share. The new monthly dividend represents an annualized dividend amount of $3.078 per share as compared to the prior annualized dividend amount of $3.072 per share.
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Mid-America Apartment Communities today announced that its board of directors approved a quarterly dividend payment of $1.47 per share of common stock to be paid on January 31, 2024, to shareholders of record on January 12, 2024, representing a 5% increase over the prior rate. The increase will raise the annualized dividend payout to $5.88 per share of common stock and represents the 14th consecutive year MAA has increased its dividend to shareholders. Realty Income, The Monthly Dividend Company—, today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2565 per share from $0.2560 per share.
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22ce30b2-9e79-42f9-b8ac-e80ed9209e7d
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712112.0
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2023-12-13 00:00:00 UTC
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BTCS Inc. (BTCS) is a Great Momentum Stock: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/btcs-inc.-btcs-is-a-great-momentum-stock%3A-should-you-buy
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at BTCS Inc. (BTCS), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. BTCS Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for BTCS that show why this company shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For BTCS, shares are up 39.83% over the past week while the Zacks Financial - Miscellaneous Services industry is up 1.41% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 48.96% compares favorably with the industry's 3.47% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of BTCS Inc. Have increased 38.83% over the past quarter, and have gained 61.13% in the last year. In comparison, the S&P 500 has only moved 4.45% and 18.12%, respectively.
Investors should also pay attention to BTCS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. BTCS is currently averaging 149,521 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with BTCS.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost BTCS's consensus estimate, increasing from -$0.33 to -$0.27 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that BTCS is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep BTCS Inc. On your 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
BTCS Inc. (BTCS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. 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.
|
Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year.
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The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at BTCS Inc. (BTCS), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
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BTCS Inc. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b20b26d4-3cf8-4ecf-96a1-de8226ff513e
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712113.0
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2023-12-13 00:00:00 UTC
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StoneCo Ltd. (STNE) Upgraded to Strong Buy: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/stoneco-ltd.-stne-upgraded-to-strong-buy%3A-heres-why
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nan
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nan
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StoneCo Ltd. (STNE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for StoneCo Ltd. is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For StoneCo Ltd. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for StoneCo Ltd.
For the fiscal year ending December 2023, this company is expected to earn $0.85 per share, which is a change of 157.6% from the year-ago reported number.
Analysts have been steadily raising their estimates for StoneCo Ltd. Over the past three months, the Zacks Consensus Estimate for the company has increased 12.2%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of StoneCo Ltd. to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
StoneCo Ltd. (STNE) : 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.
|
An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. 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.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of StoneCo Ltd. to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
A company's changing earnings picture is at the core of the Zacks rating. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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d9ef92f2-dbd4-4ce0-ad09-468505e60082
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712114.0
|
2023-12-13 00:00:00 UTC
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Icosavax, Inc. (ICVX) Moves to Buy: Rationale Behind the Upgrade
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DCOMP
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https://www.nasdaq.com/articles/icosavax-inc.-icvx-moves-to-buy%3A-rationale-behind-the-upgrade
|
nan
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nan
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Icosavax, Inc. (ICVX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Icosavax, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Icosavax, Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Icosavax, Inc.
This company is expected to earn -$2.20 per share for the fiscal year ending December 2023, which represents a year-over-year change of 4.8%.
Analysts have been steadily raising their estimates for Icosavax, Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 5.1%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Icosavax, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
Icosavax, Inc. (ICVX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Therefore, the Zacks rating upgrade for Icosavax, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. 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 power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Icosavax, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
A company's changing earnings picture is at the core of the Zacks rating. Therefore, the Zacks rating upgrade for Icosavax, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its 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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58c00e37-e983-4d2b-81b7-1db302c38cb3
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712115.0
|
2023-12-13 00:00:00 UTC
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What Makes Jakks Pacific (JAKK) a Strong Momentum Stock: Buy Now?
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DCOMP
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https://www.nasdaq.com/articles/what-makes-jakks-pacific-jakk-a-strong-momentum-stock%3A-buy-now
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nan
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nan
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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Jakks Pacific (JAKK), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Jakks Pacific currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if JAKK is a promising momentum pick, let's examine some Momentum Style elements to see if this toymaker holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For JAKK, shares are up 10.01% over the past week while the Zacks Toys - Games - Hobbies industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.62% compares favorably with the industry's 1.75% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Jakks Pacific have increased 72.04% over the past quarter, and have gained 79.39% in the last year. On the other hand, the S&P 500 has only moved 4.45% and 18.12%, respectively.
Investors should also pay attention to JAKK's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. JAKK is currently averaging 179,500 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with JAKK.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost JAKK's consensus estimate, increasing from $3.75 to $5.17 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that JAKK is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Jakks Pacific on your 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
JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. 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.
|
We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Click to get this free report JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Click to get this free report JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Below, we take a look at Jakks Pacific (JAKK), which currently has a Momentum Style Score of B. Jakks Pacific currently has a Zacks Rank of #1 (Strong Buy). Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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79d12505-d6a5-40c6-a6eb-bddd6d6bafa5
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712116.0
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2023-12-13 00:00:00 UTC
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American States Water (AWR) Upgraded to Buy: Here's What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/american-states-water-awr-upgraded-to-buy%3A-heres-what-you-should-know
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nan
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nan
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American States Water (AWR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for American States Water basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For American States Water, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for American States Water
This water and electric utility is expected to earn $2.98 per share for the fiscal year ending December 2023, which represents a year-over-year change of 30.7%.
Analysts have been steadily raising their estimates for American States Water. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.7%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of American States Water to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
American States Water Company (AWR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Therefore, the Zacks rating upgrade for American States Water basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. 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.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. You can learn more about the Zacks Rank here >>> The upgrade of American States Water to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of American States Water to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Therefore, the Zacks rating upgrade for American States Water basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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0b322a5d-1cd8-4a0b-83b4-76ac22bef368
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712117.0
|
2023-12-13 00:00:00 UTC
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Icosavax, Inc. (ICVX) Is Up 0.10% in One Week: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/icosavax-inc.-icvx-is-up-0.10-in-one-week%3A-what-you-should-know
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Icosavax, Inc. (ICVX), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Icosavax, Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if ICVX is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For ICVX, shares are up 0.1% over the past week while the Zacks Medical - Biomedical and Genetics industry is up 0.25% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 93.58% compares favorably with the industry's 3.58% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Icosavax, Inc. Have increased 88.01% over the past quarter, and have gained 273.33% in the last year. In comparison, the S&P 500 has only moved 4.45% and 18.12%, respectively.
Investors should also pay attention to ICVX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ICVX is currently averaging 868,575 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with ICVX.
Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost ICVX's consensus estimate, increasing from -$2.36 to -$2.20 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been 1 downward revision in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that ICVX is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Icosavax, Inc. On your 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
Icosavax, Inc. (ICVX) : 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's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. 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 Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year.
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The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement.
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Below, we take a look at Icosavax, Inc. (ICVX), a company that currently holds a Momentum Style Score of B. ICVX is currently averaging 868,575 shares for the last 20 days. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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c22ef59d-d67f-4282-80bb-50629d471a22
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712118.0
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2023-12-13 00:00:00 UTC
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3 Solid Stocks to Buy as Bitcoin Looks Poised for 2024 Rally
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DCOMP
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https://www.nasdaq.com/articles/3-solid-stocks-to-buy-as-bitcoin-looks-poised-for-2024-rally
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nan
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nan
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Cryptocurrencies have rallied this year, and the bull run is expected to continue into 2024 as investor sentiment remains high. Although Bitcoin (BTC), the world’s most prominent cryptocurrency, has declined more than 5% since Dec 11, it is still trading above the $41,000 mark.
Last week, Bitcoin rallied briefly above $44,000 before hovering around the $42,000 mark on renewed optimism. On Dec 12, it surged above $42,000 briefly, following the release of the consumer price index (CPI) data before settling slightly above $41,000.
Last year saw the crypto market taking a hit, primarily because of a couple of unfortunate events, namely the FTX bankruptcy following a major fraud and the Tera Luna crash.
However, Bitcoin and other cryptocurrencies like Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE) and BNB (BNB) have staged a solid rebound this year. Year to date, Bitcoin has rallied more than 147%, while Ethereum, Cardano and Dogecoin have rallied 80.8%, 125.6% and 29.7%, respectively.
The rally continued for the first seven months of the year before stalling in August as investors failed to get a clear picture of the Federal Reserve’s next course of action on interest rate hikes.
An increase in interest rates usually has a detrimental effect on growth-oriented sectors, which include technology, consumer discretionary industries and cryptocurrencies.
However, the rally resumed in late October on renewed optimism that a Securities and Exchange Commission (SEC) approval for a Bitcoin ETF is on the anvil. This could play a key role in giving the crypto market a fresh boost.
Investors are presently anticipating the potential approval of a spot Bitcoin exchange-traded fund (ETF) by the SEC, with expectations for this approval in as early as the first half of 2024.
Also, inflation has been steadily declining over the past several months. The consumer price index (CPI) rose 3.1% year over year in November, slower than October’s jump of 3.2%. This has raised hopes that the Fed may likely end its monetary tightening campaign soon and start cutting rates in the first half of 2024, which definitely bodes well for the crypto market.
Our Choices
Block Inc. SQ is an online digital and mobile payment platform for consumers and merchants and is the parent company of Square and Cash App. The users of Cash App can buy, sell, send and receive Bitcoin. In addition, SQ’s decentralized tbd platform allows developers to build decentralized finance applications to run on programmable blockchains. SQ is also one of the largest Bitcoin investors.
Block has an expected earnings growth rate of 54.2% for next year. The Zacks Consensus Estimate for current-year earnings has improved 16.6% over the last 60 days. SQ currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
NVIDIA Corporation NVDA is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of the NVDA stock tends to surge in a thriving crypto market. This is primarily due to the crucial role that GPUs play in data centers, artificial intelligence, and the mining or production of cryptocurrencies.
NVIDIA’s expected earnings growth rate for next year is 61.5%. The Zacks Consensus Estimate for current-year earnings has improved 14.4% over the last 60 days. NVIDIA currently has a Zacks Rank #2.
Coinbase Global, Inc. COIN offers financial infrastructure and technology to support the global cryptocurrency economy. COIN provides a main financial account for consumers in the crypto space, a marketplace with liquidity for institutional crypto asset transactions, and technology and services for developers to build crypto-based applications and accept cryptocurrencies securely as payment.
Coinbase Global’s expected earnings growth rate for next year is 28.6%. The Zacks Consensus Estimate for current-year earnings has improved 44% over the last 60 days. Coinbase currently carries a Zacks Rank #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
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Block, Inc. (SQ) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : 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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Last year saw the crypto market taking a hit, primarily because of a couple of unfortunate events, namely the FTX bankruptcy following a major fraud and the Tera Luna crash. The rally continued for the first seven months of the year before stalling in August as investors failed to get a clear picture of the Federal Reserve’s next course of action on interest rate hikes. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here NVIDIA Corporation NVDA is a major player in the semiconductor industry and has been one of the standout success stories of 2023.
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On Dec 12, it surged above $42,000 briefly, following the release of the consumer price index (CPI) data before settling slightly above $41,000. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here NVIDIA Corporation NVDA is a major player in the semiconductor industry and has been one of the standout success stories of 2023. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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COIN provides a main financial account for consumers in the crypto space, a marketplace with liquidity for institutional crypto asset transactions, and technology and services for developers to build crypto-based applications and accept cryptocurrencies securely as payment. Coinbase Global’s expected earnings growth rate for next year is 28.6%. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This could play a key role in giving the crypto market a fresh boost. Block has an expected earnings growth rate of 54.2% for next year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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637c06a7-7b5e-4fee-94ab-8464371e54ce
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712119.0
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2023-12-13 00:00:00 UTC
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What Makes Invitae (NVTA) a New Buy Stock
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DCOMP
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https://www.nasdaq.com/articles/what-makes-invitae-nvta-a-new-buy-stock
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nan
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Invitae (NVTA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Invitae basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Invitae, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Invitae
This genetic testing company is expected to earn -$1.03 per share for the fiscal year ending December 2023, which represents a year-over-year change of 53.2%.
Analysts have been steadily raising their estimates for Invitae. Over the past three months, the Zacks Consensus Estimate for the company has increased 27%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Invitae to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
Invitae Corporation (NVTA) : 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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They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. Therefore, the Zacks rating upgrade for Invitae basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it.
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Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding.
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Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Invitae to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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1503a5b8-8517-4f6b-b89e-2b30aa356c4f
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712120.0
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2023-12-13 00:00:00 UTC
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Insight Enterprises (NSIT) Is Up 8.09% in One Week: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/insight-enterprises-nsit-is-up-8.09-in-one-week%3A-what-you-should-know
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nan
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nan
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Insight Enterprises (NSIT), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Insight Enterprises currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for NSIT that show why this information technology provider shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For NSIT, shares are up 8.09% over the past week while the Zacks Retail - Mail Order industry is up 5.23% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 18.69% compares favorably with the industry's 14.64% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Insight Enterprises have increased 17.16% over the past quarter, and have gained 73.44% in the last year. In comparison, the S&P 500 has only moved 4.45% and 18.12%, respectively.
Investors should also pay attention to NSIT's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. NSIT is currently averaging 235,423 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with NSIT.
Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost NSIT's consensus estimate, increasing from $9.48 to $9.76 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that NSIT is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Insight Enterprises on your 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
Insight Enterprises, Inc. (NSIT) : 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's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. 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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Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. Click to get this free report Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.
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Insight Enterprises currently has a Zacks Rank of #1 (Strong Buy). Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b8fc4db2-769e-4892-88a9-0e0e977ea8c4
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712121.0
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2023-12-13 00:00:00 UTC
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Visa (V) Makes Visa Direct Available to RevoluPAY Clients
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DCOMP
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https://www.nasdaq.com/articles/visa-v-makes-visa-direct-available-to-revolupay-clients
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nan
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nan
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Visa Inc. V recently collaborated with RevoluGROUP Canada’s branch, RevoluPAY, to expand the reach of Visa Direct solution across Europe and bring about hassle-free cross-border money transfers. RevoluPAY, an Affiliate Partner of V, is the latest addition to the list of European financial institutions that continue to reap benefits from leveraging Visa Direct. Before RevoluPAY, the number of Visa’s partners on the list were 100.
The platform boasts a solid track record of bringing about accelerated and safe business-to-consumer, government-to-government, government-to-consumer and consumer-to-consumer money transfers to an expansive recipient base spread across different parts of the world. The solution aims to bring upgraded domestic and cross-border payment capabilities to the client base.
In addition to the power of Visa’s widespread global network, the expanded reach of Visa Direct solution to consumers across the European Economic Area has also been made possible with the technology capabilities and license of RevoluPAY.
Visa Direct enables a RevoluPAY client using RevoluSEND to conduct the digital transfer of funds to a card or account via the app. All a customer needs to do is fill out a form and feed in the required Visa card details or account numbers of the recipient. Consequent to confirming the transaction, Visa leverages real-time technology to bring a varied array of person-to-person money transfers for RevoluPAY customers.
The increased utilization of the Visa Direct solution is expected to fetch higher revenues to one of the leaders in digital payments. In fiscal 2023, Visa Direct processed more than 7.5 billion transactions across 2,800-plus global programs. It also extended a helping hand to more than 500 partners in 65-plus use cases during the same time frame.
Therefore, constant team-ups for enhancing the reach of Visa Direct are likely to drive revenue growth for V in the days ahead. The solid demand for the solution is likely to be sustained in the days ahead since the Visa Direct network empowers financial institutions to process massive volumes of cross-border transactions. Further, the solution is infused with a sense of security, which gives peace of mind to customers. The assurance of maintaining the confidentiality of personal data is of vital importance while conducting any form of digital transaction, as they often remain prone to cyberattacks.
As a result, the digital payment capabilities of Visa Direct have been leveraged by several organizations time and again. Visa remains steadfast in coming up with advanced technological capabilities that lead to the advent of newer payment methods and channels, thus supporting hassle-free money movement flows from consumers to their loved ones residing in any corner of the globe. This November, V partnered with Tencent Financial Technology to expand the reach of Visa Direct to more than 1 billion Weixin users across China.
Shares of Visa have gained 21.6% in the past year compared with the industry’s 15.2% growth. V currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and SPS Commerce, Inc. SPSC. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and SPS Commerce carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of RCM Technologies outpaced estimates in two of the last four quarters and missed the mark twice, the average surprise being 13.28%. The Zacks Consensus Estimate for RCMT’s 2023 earnings suggests an improvement of 1% from the year-ago reported figure. The consensus mark for RCMT’s 2023 earnings has moved 11.1% north in the past 60 days.
APi Group’s earnings outpaced estimates in all the trailing four quarters, the average surprise being 5.94%. The Zacks Consensus Estimate for APG’s 2023 earnings suggests an improvement of 18.1% from the year-ago reported figure. The consensus mark for revenues suggests growth of 6% from the prior-year reading. The consensus mark for APG’s 2023 earnings has moved 4.7% north in the past 60 days.
The bottom line of SPS Commerce outpaced estimates in each of the last four quarters, the average surprise being 15.34%. The Zacks Consensus Estimate for SPSC’s 2023 earnings suggests an improvement of 19.2% from the year-ago reported figure. The consensus mark for revenues suggests growth of 18.7% from the year-ago reported number. The consensus mark for SPSC’s 2023 earnings has moved 3.3% north in the past 60 days.
Shares of RCM Technologies, APi Group and SPS Commerce have gained 78.7%, 63.6% and 37.4%, respectively, in the past year.
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
Visa Inc. (V) : Free Stock Analysis Report
SPS Commerce, Inc. (SPSC) : Free Stock Analysis Report
RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report
APi Group Corporation (APG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The platform boasts a solid track record of bringing about accelerated and safe business-to-consumer, government-to-government, government-to-consumer and consumer-to-consumer money transfers to an expansive recipient base spread across different parts of the world. The solid demand for the solution is likely to be sustained in the days ahead since the Visa Direct network empowers financial institutions to process massive volumes of cross-border transactions. Visa remains steadfast in coming up with advanced technological capabilities that lead to the advent of newer payment methods and channels, thus supporting hassle-free money movement flows from consumers to their loved ones residing in any corner of the globe.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and SPS Commerce, Inc. SPSC. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and SPS Commerce carry a Zacks Rank #2 (Buy) each at present. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report SPS Commerce, Inc. (SPSC) : Free Stock Analysis Report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Visa Inc. V recently collaborated with RevoluGROUP Canada’s branch, RevoluPAY, to expand the reach of Visa Direct solution across Europe and bring about hassle-free cross-border money transfers. In addition to the power of Visa’s widespread global network, the expanded reach of Visa Direct solution to consumers across the European Economic Area has also been made possible with the technology capabilities and license of RevoluPAY. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report SPS Commerce, Inc. (SPSC) : Free Stock Analysis Report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In addition to the power of Visa’s widespread global network, the expanded reach of Visa Direct solution to consumers across the European Economic Area has also been made possible with the technology capabilities and license of RevoluPAY. The consensus mark for revenues suggests growth of 18.7% from the year-ago reported number. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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16787970-67e1-455d-8c5c-d7aec92699bc
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712122.0
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2023-12-13 00:00:00 UTC
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Ligand (LGND) Posts Long-Term Outlook, Updates Portfolio Progress
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DCOMP
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https://www.nasdaq.com/articles/ligand-lgnd-posts-long-term-outlook-updates-portfolio-progress
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At its R&D event held on Dec 12, Ligand Pharmaceuticals LGND provided an overview of its business model and issued fresh guidance outlook for the next five years.
Financial Guidance
For 2024
Ligand issued fresh guidance for 2024. Management expects total revenues in the range of $130-$142 million.
Royalty revenues are expected to be between $90 million and $95 million, while contract revenues are expected in the range of $15-$20 million. The company expects Captisol sales between $25-$27 million.
The company expects adjusted diluted earnings per share (EPS) between $4.25 and $4.75.
The guidance excludes Captisol sales related to COVID-19.
Five-Year Outlook
Ligand expects existing commercial programs and late-stage pipelines to provide a strong foundation for its business model. In this regard, management expects its royalty revenues to witness a compounded annual growth rate (CAGR) of 16% over the next five years. Management expects that by investing in new deals, the royalty revenues could exceed 20% CAGR growth.
By 2028, Ligand expects to record $290 million in total core revenues and achieve adjusted diluted EPS in the range of $10.00-$10.50. Based on these factors, it expects that the EBITDA margin could cross 80%.
Year to date, shares of Ligand have lost 5.8% compared with the industry’s 19.9% decline.
Image Source: Zacks Investment Research
Business Updates
Along with the guidance, Ligand also provided an update on its existing business model and reviewed the major pipeline events expected next year.
Recently, management has been seeking business opportunities aimed to help accelerate its profitability while lowering its infrastructure costs at the same time.
In September, Ligand acquired certain assets of Novan for $12.2 million. The assets include full ownership rights to berdazimer gel, which is under FDA review as a potential treatment for molluscum contagiosum infection. A final decision is expected before Jan 5, 2024.
In October, Ligand acquired Tolerance Therapeutics, the inventors of Sanofi-marketed Tzield, which is the only FDA-approved drug to delay the onset of stage 3 type 1 diabetes. It is eligible to receive royalties on global Tzield sales. During the same month, Ligand also acquired a 13% interest from Ovid Therapeutics OVID in the royalties and milestone payments of CH24H inhibitor soticlestat, which has shown the potential to reduce seizure susceptibility and improve seizure control. In return, Ovid Therapeutics will receive a $30-million payment, minus certain reimbursable expenses.
OVID sold its rights in soticlestat to Takeda in 2021. Takeda is currently developing the drug in pivotal late-stage studies for Lennox-Gastaut syndrome (LGS) and Dravet syndrome (DS) indications. Data from these studies are expected in 2024.
Ligand’s partner, Verona Pharma VRNA, also filed a new drug application (NDA) seeking approval for ensifentrine for the maintenance treatment of patients with chronic obstructive pulmonary disease (COPD). A final decision on Verona’s NDA is expected in June. Per Verona, the FDA does not plan to hold an advisory committee meeting to discuss the NDA.
The company’s partner, Viking Therapeutics VKTX, is also expected to report 52-week biopsy results from the ongoing phase IIb VOYAGE study by first-half 2024. The VOYAGE study is evaluating Viking Therapeutics’ VK-2809 in non-alcoholic steatohepatitis (NASH) indication over 52 weeks.
After the spun-out of its Pelican subsidiary in September, Ligand is focused on maintaining and licensing its Captisol technology platform to generate royalties. In this regard, management expects regulatory approvals in the next year for five products (partnered with Eisai, BendarRx, SQ innovation, Sunshine Lake Pharma and Merck KGaA) that utilize the Captisol technology.
Ligand Pharmaceuticals Incorporated Price
Ligand Pharmaceuticals Incorporated price | Ligand Pharmaceuticals Incorporated Quote
Zacks Rank
Ligand currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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
Ligand Pharmaceuticals Incorporated (LGND) : Free Stock Analysis Report
Viking Therapeutics, Inc. (VKTX) : Free Stock Analysis Report
Verona Pharma PLC American Depositary Share (VRNA) : Free Stock Analysis Report
Ovid Therapeutics (OVID) : 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 its R&D event held on Dec 12, Ligand Pharmaceuticals LGND provided an overview of its business model and issued fresh guidance outlook for the next five years. Ligand’s partner, Verona Pharma VRNA, also filed a new drug application (NDA) seeking approval for ensifentrine for the maintenance treatment of patients with chronic obstructive pulmonary disease (COPD). In this regard, management expects regulatory approvals in the next year for five products (partnered with Eisai, BendarRx, SQ innovation, Sunshine Lake Pharma and Merck KGaA) that utilize the Captisol technology.
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Image Source: Zacks Investment Research Business Updates Along with the guidance, Ligand also provided an update on its existing business model and reviewed the major pipeline events expected next year. Ligand Pharmaceuticals Incorporated Price Ligand Pharmaceuticals Incorporated price | Ligand Pharmaceuticals Incorporated Quote Zacks Rank Ligand currently carries a Zacks Rank #3 (Hold). Click to get this free report Ligand Pharmaceuticals Incorporated (LGND) : Free Stock Analysis Report Viking Therapeutics, Inc. (VKTX) : Free Stock Analysis Report Verona Pharma PLC American Depositary Share (VRNA) : Free Stock Analysis Report Ovid Therapeutics (OVID) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Royalty revenues are expected to be between $90 million and $95 million, while contract revenues are expected in the range of $15-$20 million. Ligand Pharmaceuticals Incorporated Price Ligand Pharmaceuticals Incorporated price | Ligand Pharmaceuticals Incorporated Quote Zacks Rank Ligand currently carries a Zacks Rank #3 (Hold). Click to get this free report Ligand Pharmaceuticals Incorporated (LGND) : Free Stock Analysis Report Viking Therapeutics, Inc. (VKTX) : Free Stock Analysis Report Verona Pharma PLC American Depositary Share (VRNA) : Free Stock Analysis Report Ovid Therapeutics (OVID) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company expects Captisol sales between $25-$27 million. In September, Ligand acquired certain assets of Novan for $12.2 million. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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725bdd05-c2e0-44be-b1af-3f8041084ad1
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712123.0
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2023-12-13 00:00:00 UTC
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American Tower's (AMT) Subsidiary CoreSite Announces Expansion
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DCOMP
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https://www.nasdaq.com/articles/american-towers-amt-subsidiary-coresite-announces-expansion
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American Tower Corporation’s AMT subsidiary, CoreSite, is making significant strides in meeting the escalating demands of the digital landscape. The recent announcement of major expansions in its New York and Denver data center campuses underscores the company's commitment to providing cutting-edge hybrid IT solutions. The new facilities will add 685,000 square feet of data center space to the company’s portfolio.
The most recent addition to CoreSite's New York campus, referred to as NY3, has obtained final permitting for the construction of an 85,000-square-foot facility with a capacity of 15 critical megawatts (CMW). Additionally, CoreSite received conceptual approval for a Denver market expansion, featuring a three-building data center campus covering approximately 600,000 square feet and boasting a capacity of 60 CMW.
One of CoreSite's flagship projects is the purpose-built NY3 data center adjacent to its existing NY2 facility. This expansion, comprising an 85,000-square-foot facility, with 15 critical megawatts (CMW) of capacity, is a response to the burgeoning needs of public and private cloud providers, enterprises, and network and service providers. The construction of NY3 is expected to be completed in fourth-quarter 2024.
The New York expansion is a strategic move, reinforcing CoreSite's presence on the Eastern Seaboard and enhancing its position as one of the best-connected and most scalable data center campuses in the region. This development aligns with CoreSite's mission to help enterprises enhance application performance, reduce total cost of ownership and accelerate time to market.
In Denver, CoreSite's expansion plans include a three-building data center development on a 15-acre site. This ambitious project aims to meet the increasing capacity and power demands in the Denver market, where CoreSite already operates DE1 and DE2 data centers. The new campus, featuring an on-site substation, will provide 18 CMW of capacity across three floors in the first facility.
Brian Warren, CoreSite's SVP of Development and Product Engineering, emphasized the company's commitment to best practices in data center design and construction. The campus model is driven by customer demand, as well as the surge in the adoption of artificial intelligence and other high-density, high-performance computing applications.
Such efforts offer American Tower the opportunity to capitalize on the CoreSite's highly interconnected data center facilities and bank on the robust demand from enterprises, the cloud, network and IT service providers in the major U.S. markets.
Shares of this Zacks Rank #3 (Hold) company have gained 13.2% in the past three months, outperforming the industry’s growth of 3.6%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the REIT sector are Lamar Advertising Company LAMR and STAG Industrial, Inc. STAG, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Lamar’s current-year FFO per share has been revised 1.7% upward over the past two months to $7.31.
The Zacks Consensus Estimate for STAG Industrial’s 2023 FFO per share has moved marginally upward in the past two months to $2.28 and indicates an estimated increase of 3.2% year over year.
Note: Anything related to earnings presented in this write-up represents FFO — a widely used metric to gauge the performance of REITs.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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
American Tower Corporation (AMT) : Free Stock Analysis Report
Lamar Advertising Company (LAMR) : Free Stock Analysis Report
Stag Industrial, Inc. (STAG) : 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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Additionally, CoreSite received conceptual approval for a Denver market expansion, featuring a three-building data center campus covering approximately 600,000 square feet and boasting a capacity of 60 CMW. The New York expansion is a strategic move, reinforcing CoreSite's presence on the Eastern Seaboard and enhancing its position as one of the best-connected and most scalable data center campuses in the region. Such efforts offer American Tower the opportunity to capitalize on the CoreSite's highly interconnected data center facilities and bank on the robust demand from enterprises, the cloud, network and IT service providers in the major U.S. markets.
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Additionally, CoreSite received conceptual approval for a Denver market expansion, featuring a three-building data center campus covering approximately 600,000 square feet and boasting a capacity of 60 CMW. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the REIT sector are Lamar Advertising Company LAMR and STAG Industrial, Inc. STAG, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report Lamar Advertising Company (LAMR) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Additionally, CoreSite received conceptual approval for a Denver market expansion, featuring a three-building data center campus covering approximately 600,000 square feet and boasting a capacity of 60 CMW. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the REIT sector are Lamar Advertising Company LAMR and STAG Industrial, Inc. STAG, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report Lamar Advertising Company (LAMR) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The recent announcement of major expansions in its New York and Denver data center campuses underscores the company's commitment to providing cutting-edge hybrid IT solutions. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the REIT sector are Lamar Advertising Company LAMR and STAG Industrial, Inc. STAG, each carrying a Zacks Rank #2 (Buy) at present. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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ade282bc-4abf-4bb9-b02a-9be5e90e7dde
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712124.0
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2023-12-13 00:00:00 UTC
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Grainger (GWW) Sells E&R Industrial to Focus on Core Business
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DCOMP
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https://www.nasdaq.com/articles/grainger-gww-sells-er-industrial-to-focus-on-core-business
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W.W. Grainger, Inc. GWW announced the sale of subsidiary E&R Industrial Sales, Inc. to a Los Angeles-based private equity firm, Paradigm Equity Partners. This move aligns with Grainger's strategy to concentrate efforts on enhancing its core business.
E&R Industrial joined Grainger in 2013 as its subsidiary. E&R Industrial is committed to making the move as easy as possible for its customers, suppliers and team members. Financial details of the agreement remain undisclosed.
While Grainger continues to deliver its renowned array of maintenance, metalworking products and expertise, customers will retain access to E&R's diverse assortment through Grainger's platform. Simultaneously, E&R's customers will benefit from accessing Grainger's extensive MRO-leading assortment via E&R channels.
GWW will continue to gain from the ongoing momentum in the United States, as well as strong demand for non-pandemic products. Grainger reported earnings per share (EPS) of $9.43 in third-quarter 2022, beating the Zacks Consensus Estimate of $8.85. The bottom line improved 14.1% year over year, aided by margin improvement in the High-Touch Solutions N.A. and Endless Assortment segments, and a strong operating performance.
Grainger’s quarterly revenues rose 6.7% year over year to $4.2 billion. The top line, however, missed the Zacks Consensus Estimate of $4,230 million. Daily sales increased 8.4% from the prior-year quarter.
Price Performance
In the past year, Grainger’s shares have gained 44% compared with the industry’s growth of 19.4%.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
GWW currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR , Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 33.7% in a year.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.2% in a year.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 29.4% in a year.
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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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GWW will continue to gain from the ongoing momentum in the United States, as well as strong demand for non-pandemic products. 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.
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Some better-ranked stocks from the Industrial Products sector are Crane Company CR , Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS carry a Zacks Rank #2 (Buy). Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Grainger reported earnings per share (EPS) of $9.43 in third-quarter 2022, beating the Zacks Consensus Estimate of $8.85. Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider GWW currently carries a Zacks Rank #3 (Hold). Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.2% in a year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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ae579c63-23bf-42b4-9077-6daf3c27fff6
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712125.0
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2023-12-13 00:00:00 UTC
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Wednesday Sector Leaders: Biotechnology, Rental, Leasing, & Royalty Stocks
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DCOMP
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https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-biotechnology-rental-leasing-royalty-stocks
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In trading on Wednesday, biotechnology shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of Shattuck Labs, up about 80.6% and shares of C4 Therapeutics up about 67.9% on the day.
Also showing relative strength are rental, leasing, & royalty shares, up on the day by about 1.2% as a group, led by BP Prudhoe Bay Royalty Trust, trading up by about 7.1% and Permian Basin Royalty Trust, trading up by about 2.6% on Wednesday.
VIDEO: Wednesday Sector Leaders: Biotechnology, Rental, Leasing, & Royalty Stocks
The views and 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 trading on Wednesday, biotechnology shares were relative leaders, up on the day by about 2.1%. Also showing relative strength are rental, leasing, & royalty shares, up on the day by about 1.2% as a group, led by BP Prudhoe Bay Royalty Trust, trading up by about 7.1% and Permian Basin Royalty Trust, trading up by about 2.6% on Wednesday. VIDEO: Wednesday Sector Leaders: Biotechnology, Rental, Leasing, & Royalty Stocks The views and 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 trading on Wednesday, biotechnology shares were relative leaders, up on the day by about 2.1%. Also showing relative strength are rental, leasing, & royalty shares, up on the day by about 1.2% as a group, led by BP Prudhoe Bay Royalty Trust, trading up by about 7.1% and Permian Basin Royalty Trust, trading up by about 2.6% on Wednesday. VIDEO: Wednesday Sector Leaders: Biotechnology, Rental, Leasing, & Royalty Stocks The views and 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 trading on Wednesday, biotechnology shares were relative leaders, up on the day by about 2.1%. Also showing relative strength are rental, leasing, & royalty shares, up on the day by about 1.2% as a group, led by BP Prudhoe Bay Royalty Trust, trading up by about 7.1% and Permian Basin Royalty Trust, trading up by about 2.6% on Wednesday. VIDEO: Wednesday Sector Leaders: Biotechnology, Rental, Leasing, & Royalty Stocks The views and 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 trading on Wednesday, biotechnology shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of Shattuck Labs, up about 80.6% and shares of C4 Therapeutics up about 67.9% on the day. Also showing relative strength are rental, leasing, & royalty shares, up on the day by about 1.2% as a group, led by BP Prudhoe Bay Royalty Trust, trading up by about 7.1% and Permian Basin Royalty Trust, trading up by about 2.6% on Wednesday.
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b543bf11-e215-4624-8a36-9088fb3f967e
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712126.0
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2023-12-13 00:00:00 UTC
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Wednesday Sector Laggards: Music & Electronics Stores, Television & Radio Stocks
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DCOMP
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https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-music-electronics-stores-television-radio-stocks
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In trading on Wednesday, music & electronics stores shares were relative laggards, down on the day by about 1.2%. Helping drag down the group were shares of Best Buy, down about 3% and shares of Vertiv Holdings down about 1.2% on the day.
Also lagging the market Wednesday are television & radio shares, down on the day by about 1.1% as a group, led down by Paramount Global, trading lower by about 3.9% and Altice USA, trading lower by about 3.5%.
VIDEO: Wednesday Sector Laggards: Music & Electronics Stores, Television & Radio Stocks
The views and 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 trading on Wednesday, music & electronics stores shares were relative laggards, down on the day by about 1.2%. Also lagging the market Wednesday are television & radio shares, down on the day by about 1.1% as a group, led down by Paramount Global, trading lower by about 3.9% and Altice USA, trading lower by about 3.5%. VIDEO: Wednesday Sector Laggards: Music & Electronics Stores, Television & Radio Stocks The views and 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 trading on Wednesday, music & electronics stores shares were relative laggards, down on the day by about 1.2%. Also lagging the market Wednesday are television & radio shares, down on the day by about 1.1% as a group, led down by Paramount Global, trading lower by about 3.9% and Altice USA, trading lower by about 3.5%. VIDEO: Wednesday Sector Laggards: Music & Electronics Stores, Television & Radio Stocks The views and 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 trading on Wednesday, music & electronics stores shares were relative laggards, down on the day by about 1.2%. Also lagging the market Wednesday are television & radio shares, down on the day by about 1.1% as a group, led down by Paramount Global, trading lower by about 3.9% and Altice USA, trading lower by about 3.5%. VIDEO: Wednesday Sector Laggards: Music & Electronics Stores, Television & Radio Stocks The views and 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 trading on Wednesday, music & electronics stores shares were relative laggards, down on the day by about 1.2%. Helping drag down the group were shares of Best Buy, down about 3% and shares of Vertiv Holdings down about 1.2% on the day. Also lagging the market Wednesday are television & radio shares, down on the day by about 1.1% as a group, led down by Paramount Global, trading lower by about 3.9% and Altice USA, trading lower by about 3.5%.
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b88c8cd6-8993-4242-b275-be8eb2a962d1
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712127.0
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2023-12-13 00:00:00 UTC
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Wednesday's ETF Movers: FBT, URA
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DCOMP
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https://www.nasdaq.com/articles/wednesdays-etf-movers%3A-fbt-ura
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nan
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In trading on Wednesday, the First Trust NYSE Arca Biotechnology Index Fund ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Acadia Pharmaceuticals, up about 30.4% and shares of Vertex Pharmaceuticals, up about 9.3% on the day.
And underperforming other ETFs today is the Uranium ETF, off about 3.2% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Uranium Energy, lower by about 13%, and shares of Nexgen Energy, lower by about 4.8% on the day.
VIDEO: Wednesday's ETF Movers: FBT, URA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Acadia Pharmaceuticals, up about 30.4% and shares of Vertex Pharmaceuticals, up about 9.3% on the day. Among components of that ETF with the weakest showing on Wednesday were shares of Uranium Energy, lower by about 13%, and shares of Nexgen Energy, lower by about 4.8% on the day. VIDEO: Wednesday's ETF Movers: FBT, URA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Acadia Pharmaceuticals, up about 30.4% and shares of Vertex Pharmaceuticals, up about 9.3% on the day. And underperforming other ETFs today is the Uranium ETF, off about 3.2% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Uranium Energy, lower by about 13%, and shares of Nexgen Energy, lower by about 4.8% on the day.
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In trading on Wednesday, the First Trust NYSE Arca Biotechnology Index Fund ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Acadia Pharmaceuticals, up about 30.4% and shares of Vertex Pharmaceuticals, up about 9.3% on the day. Among components of that ETF with the weakest showing on Wednesday were shares of Uranium Energy, lower by about 13%, and shares of Nexgen Energy, lower by about 4.8% on the day.
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In trading on Wednesday, the First Trust NYSE Arca Biotechnology Index Fund ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Acadia Pharmaceuticals, up about 30.4% and shares of Vertex Pharmaceuticals, up about 9.3% on the day. And underperforming other ETFs today is the Uranium ETF, off about 3.2% in Wednesday afternoon trading.
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ea9b011b-ed44-4f81-b287-95552bf92b9f
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712128.0
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2023-12-13 00:00:00 UTC
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Ulta Beauty (ULTA) Up on Omni-Channel Growth & Skincare Sales
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DCOMP
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https://www.nasdaq.com/articles/ulta-beauty-ulta-up-on-omni-channel-growth-skincare-sales
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nan
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A positive view of the beauty space is keeping Ulta Beauty, Inc. ULTA well-positioned. The company has been striking the right balance between growth across online and offline sales channel. Management is seeing market share gains in major beauty categories, with skincare standing out. However, it is not immune to a rising inflationary environment.
Let’s delve deeper.
Favorable Trends Boost Growth
Ulta Beauty is benefiting from healthy traffic trends, greater brand awareness and the expansion of its loyalty program. Management is on track with transformational initiatives, which are yielding. These factors boosted third-quarter fiscal 2023 results, with net sales rising 6.4% to $2,488.9 million on higher comparable sales, solid new store performance and an increase in other revenues. Comparable sales rose 4.5%, driven by a 5.9% improvement in transactions stemming from healthy traffic across all channels.
Image Source: Zacks Investment Research
Strong Omni-Channel Presence
People are effortlessly moving between physical and digital channels as ULTA continues to invest in enhancing guest experience in all touch points. In August 2023, management concluded the transition of the digital commerce experience, which includes cart, promotions, checkout and member account data, to its new architecture. The modernization of its digital technology ecosystem is aiding the company in elevating and optimizing existing guest experiences while driving digital innovation, utilizing a modern and agile approach.
Ulta Beauty is keen on enhancing its in-store experiences to drive spending, increase frequency and create loyalty. In the fiscal third quarter, the company launched a guest engagement model to enhance guest experience via real engagement, experiences and interactions. Management is on track to expand the Ulta Beauty at Target experience.
Skincare Category: Key Driver
Ulta Beauty is seeing market share gains in skincare thanks to consumers’ rising interest in self-care and its focus on newness and innovation. The trend continued in the third quarter of fiscal 2023, wherein skincare was the company’s fastest-growing category. Results gained from strength in brands like Drunk Elephant, La Roche-Posay, Cetaphil, Dermalogica and COSRX. Guests’ increased focus on self-care and maintaining healthy skincare routines works well for the skincare category.
High Costs Hurt
The company has been witnessing persistent margin pressure thanks to higher supply-chain costs and reduced merchandise margins, among other reasons. In third-quarter fiscal 2023, the company’s gross margin was 39.9%, down 130 basis points (bps) year over year on higher inventory shrink, reduced merchandise margins and elevated supply-chain costs.
Also, rising SG&A expenses continue to hamper the company’s profitability. As a percentage of net sales, SG&A expenses came in at 26.6%, up from 25.5% in the fiscal third quarter. The downside was caused by increased corporate overheads related to strategic investments, deleverage of store payroll and benefits, increased store expenses and greater marketing expenses.
The aforementioned upsides are likely to keep narrating the company’s growth story. The Zacks Rank #3 (Hold) company’s shares have increased 19% in the past three months compared with the industry’s growth of 9.4%.
3 Key Picks
Regis Corporation RGS owns, franchises and operates beauty salons. RGS currently flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Regis Corp’s current fiscal year earnings suggests growth of 43.5% from the year-ago period’s reported figure. RGS has a trailing four-quarter earnings surprise of 22%, on average.
Abercrombie & Fitch Co. ANF operates as a specialty retailer of premium, high-quality casual apparel. ANF currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for Abercrombie’s current fiscal year sales suggests growth of 13.3% from the year-ago reported number. ANF has a trailing four-quarter earnings surprise of 713%, on average.
MarineMax HZO, a recreational boat and yacht retailer and a superyacht services company, carries a Zacks Rank #2 (Buy). MarineMax has a trailing four-quarter negative earnings surprise of 10.1% on average.
The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s 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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Regis Corporation (RGS) : Free Stock Analysis Report
Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : 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 August 2023, management concluded the transition of the digital commerce experience, which includes cart, promotions, checkout and member account data, to its new architecture. The Zacks Consensus Estimate for Regis Corp’s current fiscal year earnings suggests growth of 43.5% from the year-ago period’s reported figure. 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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Favorable Trends Boost Growth Ulta Beauty is benefiting from healthy traffic trends, greater brand awareness and the expansion of its loyalty program. The Zacks Consensus Estimate for Regis Corp’s current fiscal year earnings suggests growth of 43.5% from the year-ago period’s reported figure. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Regis Corporation (RGS) : Free Stock Analysis Report Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Strong Omni-Channel Presence People are effortlessly moving between physical and digital channels as ULTA continues to invest in enhancing guest experience in all touch points. The Zacks Consensus Estimate for Abercrombie’s current fiscal year sales suggests growth of 13.3% from the year-ago reported number. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Regis Corporation (RGS) : Free Stock Analysis Report Ulta Beauty Inc. (ULTA) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ANF currently sports a Zacks Rank #1. The Zacks Consensus Estimate for Abercrombie’s current fiscal year sales suggests growth of 13.3% from the year-ago reported number. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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712129.0
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2023-12-13 00:00:00 UTC
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Here's Why One Should Avoid Air Transport (ATSG) Stock Now
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https://www.nasdaq.com/articles/heres-why-one-should-avoid-air-transport-atsg-stock-now
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Air Transport Services ATSG is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.
Let’s delve deeper.
Southward Earnings Estimate Revisions: The Zacks Consensus Estimate for the company’s current-quarter earnings has been revised 40.8% downward over the past 60 days. For 2023, the consensus mark for earnings has moved 18.4% south in the same time frame. The consensus mark has moved 18.5% downwards for 2024. The unfavorable estimate revisions indicate brokers’ lack of confidence in the stock.
Weak Zacks Rank and Style Score: Air Transport Servicescurrently carries a Zacks Rank #5 (Strong Sell). Moreover, the company’s current Growth Style Score of C shows its unattractiveness.
Unimpressive Price Performance: ATSG has declined 17.9% over the past six months against its industry’s 3.1% contraction.
Image Source: Zacks Investment Research
Other Headwinds: Air Transport Services is suffering from weak demand for cargo aircraft. Owing to the soft demand scenario, management trimmed its 2023 earnings per share guidance. The projection for 2024 capital expenditure has also been slashed due to the airfreight demand softness.
The conflict in Israel is also expected to hurt its performance. High operating expenses represent another headwind. ATSG's liquidity position is concerning as well.
Bearish Industry Rank: The industry to which ATSG belongs currently has a Zacks Industry Rank of 219 (of 250 plus groups). Such an unfavorable rank places the industry in the bottom 13% of the Zacks industries. Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.
A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Therefore, reckoning the industry’s performance becomes imperative.
Stocks to Consider
Investors interested in the broader Transportation sector may consider some better-ranked stocks like Air Canada ACDVF and SkyWest SKYW.
Air Canada currently sports a Zacks Rank #1 (Strong Buy). An uptick in passenger traffic is aiding ACDVF. Recently, management announced plans to launch a year-round route between Montreal and Madrid. You can see the complete list of today’s Zacks #1 Rank stocks here.
The service will commence in May of the following year as part of its expanded international summer 2024 flying schedule to cater to increased demand. The Zacks Consensus Estimate for 2023 and 2024 earnings has witnessed increases of 32.6% and 41.3% in the past 60 days, respectively.
SkyWest currently carries a Zacks Rank #2 (Buy). SKYW's fleet modernization efforts are commendable. The company’s initiatives to reward its shareholders also bode well.
The Zacks Consensus Estimate for SKYW’s current-year earnings has risen 38.9% in the past 60 days. The Zacks Consensus Estimate for next-year earnings has jumped 33.2% in the past 60 days.
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
Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
Air Canada (ACDVF) : 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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Air Transport Services ATSG is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Image Source: Zacks Investment Research Other Headwinds: Air Transport Services is suffering from weak demand for cargo aircraft. 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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Weak Zacks Rank and Style Score: Air Transport Servicescurrently carries a Zacks Rank #5 (Strong Sell). Image Source: Zacks Investment Research Other Headwinds: Air Transport Services is suffering from weak demand for cargo aircraft. Click to get this free report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Southward Earnings Estimate Revisions: The Zacks Consensus Estimate for the company’s current-quarter earnings has been revised 40.8% downward over the past 60 days. Bearish Industry Rank: The industry to which ATSG belongs currently has a Zacks Industry Rank of 219 (of 250 plus groups). Click to get this free report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Air Transport Services ATSG is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Such an unfavorable rank places the industry in the bottom 13% of the Zacks industries. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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435456bb-3111-4ec0-87c5-86729fd5e931
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712130.0
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2023-12-13 00:00:00 UTC
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Oracle (ORCL) Makes History With Two Cloud Regions in Chile
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DCOMP
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https://www.nasdaq.com/articles/oracle-orcl-makes-history-with-two-cloud-regions-in-chile
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Oracle ORCL unveils its second Cloud Region in Chile, marking a significant achievement as the first hyper scaler to possess dual regions in the country.
The introduction of the Oracle Cloud Valparaíso Region, alongside the existing region in Santiago, is poised to assist organizations across diverse sectors in Chile in reinforcing business continuity and meeting data residency and sovereignty mandates.
As a component of Oracle's distributed cloud approach, the recently launched public cloud region represents the 48th global addition to Oracle's portfolio. This region will provide access to more than 100 Oracle Cloud Infrastructure (OCI) services and cloud applications, encompassing offerings such as Oracle Autonomous Database, MySQL HeatWave Database Service, Oracle Container Engine for Kubernetes, Oracle Cloud VMware Solution and AI infrastructure.
The Oracle Cloud Valparaíso Region provides organizations with a diverse array of cloud services, enabling them to modernize their applications, innovate through data and analytics and seamlessly transfer various workloads from their on-premises data centers to OCI.
Oracle Corporation Price and Consensus
Oracle Corporation price-consensus-chart | Oracle Corporation Quote
Oracle Faces Tough Competition in Chile
Cloud computing and the Internet of Things play a crucial role in expediting the digital transformation in Chile, serving as essential allies for companies seeking uninterrupted data mobility and enhanced productivity. IDC reports a projected 53% increase in the budget allocated to cloud migration by Chilean companies in 2023. In the realm of software and software services, IDC anticipates an annual growth rate of 9.4%, culminating in a total value of $1.4 billion by 2023.
In December 2022, the Chilean government disclosed a 64% surge in the budget designated for the State's digitization in 2023. This translates to an investment of nearly $10 million to enhancing the services and operations of government agencies. The comprehensive digital transformation is anticipated to be completed by 2027.
Shares of Oracle, which currently carries a Zacks Rank #3 (Hold), have gained 23.3% year to date compared with the Zacks Computer and Technology sector’s 47.1% rise due to tough competition from Amazon AMZN, Microsoft MSFT and Alphabet’s GOOGL Google in Chile.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amazon Web Services (AWS) introduced additional AWS Local Zones in Latin America, contributing to economic diversification in the region. AWS aims to support the development of more resilient economies, fostering sustained economic growth. The low-latency capabilities of Local Zones enable new applications, such as near real-time video analysis for surveillance cameras to enhance traffic management, crime prevention or disaster response.
In 2020, Microsoft Corporation announced the establishment of a data center region in Chile as part of its commitment to sustainability goals. This included a pledge to transition to 100 percent renewable energy in Microsoft data centers by 2025. The Chile datacenter region also introduced Azure Availability Zones, thus enhancing the availability of cloud applications and providing added resilience to data center failures.
Google established its presence in Chile a decade ago, inaugurating its initial data center four years later, and declared plans for expansion in 2018. By late 2019, the completion of the Curie submarine cable, spanning 10,000 kilometers and linking Valparaíso with Los Angeles, marked a significant achievement. Google then launched its dedicated Cloud Region in Chile, which was a milestone for the country's digital economy.
Oracle's distributed cloud presents customers with the benefits of cloud computing while providing increased control over operations and data residency. This approach ensures low latency, even for operations spanning multiple clouds.
OCI's distributed cloud lineup supports multi-cloud scenarios, offering options such as Oracle Database@Azure, MySQL HeatWave on AWS and Oracle Interconnect for Microsoft Azure. This enables customers to integrate key capabilities seamlessly across various cloud environments.
This is expected to boost cloud services and license revenues in the current fiscal year.
The Zacks Consensus Estimate for ORCL’s fiscal 2024 cloud services and license revenues is pegged at $44.05 billion, indicating year-over-year growth of 24.78%. The Zacks Consensus Estimate for earnings is pegged at $5.52 per share, indicating year-over-year growth of 7.81%.
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Oracle Corporation (ORCL) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The low-latency capabilities of Local Zones enable new applications, such as near real-time video analysis for surveillance cameras to enhance traffic management, crime prevention or disaster response. Google established its presence in Chile a decade ago, inaugurating its initial data center four years later, and declared plans for expansion in 2018. 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 region will provide access to more than 100 Oracle Cloud Infrastructure (OCI) services and cloud applications, encompassing offerings such as Oracle Autonomous Database, MySQL HeatWave Database Service, Oracle Container Engine for Kubernetes, Oracle Cloud VMware Solution and AI infrastructure. The Zacks Consensus Estimate for ORCL’s fiscal 2024 cloud services and license revenues is pegged at $44.05 billion, indicating year-over-year growth of 24.78%. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This region will provide access to more than 100 Oracle Cloud Infrastructure (OCI) services and cloud applications, encompassing offerings such as Oracle Autonomous Database, MySQL HeatWave Database Service, Oracle Container Engine for Kubernetes, Oracle Cloud VMware Solution and AI infrastructure. Oracle Corporation Price and Consensus Oracle Corporation price-consensus-chart | Oracle Corporation Quote Oracle Faces Tough Competition in Chile Cloud computing and the Internet of Things play a crucial role in expediting the digital transformation in Chile, serving as essential allies for companies seeking uninterrupted data mobility and enhanced productivity. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of Oracle, which currently carries a Zacks Rank #3 (Hold), have gained 23.3% year to date compared with the Zacks Computer and Technology sector’s 47.1% rise due to tough competition from Amazon AMZN, Microsoft MSFT and Alphabet’s GOOGL Google in Chile. Oracle's distributed cloud presents customers with the benefits of cloud computing while providing increased control over operations and data residency. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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457248de-a705-4319-b872-c4ccd106a484
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712131.0
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2023-12-13 00:00:00 UTC
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Next Wave Biotech: 3 Stocks Poised for Breakthrough Success
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https://www.nasdaq.com/articles/next-wave-biotech%3A-3-stocks-poised-for-breakthrough-success
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The pandemic pushed major biotech stocks into the spotlight as vaccine demands rose to unprecedented highs. Investors flocked to the industry in the next few years after the COVID-19 breakout. However, interest soon waned, and the money flowed elsewhere. Furthermore, higher interest rates and tighter regulatory environments forced some companies to cut spending, limiting growth.
While biotech may not be the flavor of the day, there are still opportunities available to investors willing to buy companies that offer the potential to revolutionize medicine and how we fight against complex diseases. A close look at some of the companies in the sector may pose another potential for investors to take advantage of these medical developments. In this article, we will look at three biotech stocks that have promising growth potential.
Zymeworks Inc. (ZYME)
Source: aslysun / Shutterstock.com
Zymeworks Inc. (NASDAQ:ZYME) is a biotech company that specializes in multifunctional biotherapeutics meant to treat cancer and other serious diseases. Zanidatamab, its lead product, is a bispecific antibody that targets human epidermal growth factor receptor 2 (HER2) domains. It also has a second product, Zanidatamab zovodotin, which is a combination of biparatopic antibody design and auristatin antibody-drug conjugate (ADC) technology that is comprised of a cleavable linker and a cytotoxin. Not only that, ZYME has several products in its pipeline focused on developing ADC and MSAT (multi-specific antibody therapeutics) and discovery-stage programs in oncology, as well as two lead programs for preclinical products.
The company reported an impressive 44% decrease in net loss for the first nine months of 2023 on a YoY basis, attributed to its strong revenue growth. Their collaborations with Jazz Pharmaceuticals and other partners substantially and positively impacted its financials. ZYME’s recent presentations showed promising clinical data for its lead candidate, Zanidatamab, which was used to treat various cancers, and its Phase 3 trial results are expected in 2024. In addition, ZW251, a pipeline investigational drug candidate for liver cancer, also strengthens its future potential growth. These announced financial improvements, strong collaborations, and a robust pipeline put Zymeworks Inc. as a top contender for any list of biotech companies to buy.
Vertex Pharmaceuticals (VRTX)
Source: Pavel Kapysh / Shutterstock.com
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is a biotechnology company specializing in treating and developing cystic fibrosis (CF) medicine. The company has a pipeline of mid and late-stage clinical programs in complex diseases like kidney disease, type 1 diabetes, beta thalassemia, acute and neuropathic pain, muscular dystrophies, and so much more. It offers medicines like TRIKAFTA/KAFTRIO, ORKAMBI, and KALYDECO and has a series of disease therapies in its pipeline. The company is known for its cystic fibrosis treatment Trikafta.
VRTX previously announced the approval of the European Commission for its proposed KAFTRIO®-Ivacaftor combination treatment for cystic fibrosis for children. The company has also reported a solid third quarter that showcased a 6% increase in its product revenue due to the continued success of TRIKAFTA®. Reported EPS also beat analyst estimates by 3.97%. Its current pipeline of potential near-term launches includes exa-cel for sickle cell disease and beta thalassemia, Phase 3 studies for the vanzacaftor-tezacaftor-deutivacaftor combination for cystic fibrosis, and VX-548 for pain. VRTX is in a position to further its growth, and that is why it’s one of the top biotech stocks to buy right now.
Medpace Holdings, Inc. (MEDP)
Source: everything possible / Shutterstock.com
Last on our list of biostocks to buy is Medpace Holdings, Inc. (NASDAQ:MEDP), a medical device services & drug research company that offers scientifically-driven clinical development services in the pharmaceutical, medical device, and biotechnology industries. It partners with several companies in the industry and provides them with product development services and execution of clinical trials. MEDP also offers full-service Phase I-IV clinical development services up to post-marketing clinical support. Its clinical trial services include bio-analytical laboratory services, imaging services, clinical human pharmacology, and electrocardiography reading support for clinical trials.
MEDP’s strong third quarter has showcased impressive results, with revenue growing 28.3% YoY. It also beat earnings estimates by 8.82% and is highly recommended by analysts. Even though the company experienced a slight dip in its net income margin to YoY (from 17.2% to 14.3%), its GAAP net income rose to $70.6 million and a strong EBITDA margin of 18.3%. Its consistent momentum and growth make it one of our top choices for biotech stocks right now.
On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.
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The post Next Wave Biotech: 3 Stocks Poised for Breakthrough Success 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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ZYME’s recent presentations showed promising clinical data for its lead candidate, Zanidatamab, which was used to treat various cancers, and its Phase 3 trial results are expected in 2024. Its current pipeline of potential near-term launches includes exa-cel for sickle cell disease and beta thalassemia, Phase 3 studies for the vanzacaftor-tezacaftor-deutivacaftor combination for cystic fibrosis, and VX-548 for pain. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.
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Zymeworks Inc. (ZYME) Source: aslysun / Shutterstock.com Zymeworks Inc. (NASDAQ:ZYME) is a biotech company that specializes in multifunctional biotherapeutics meant to treat cancer and other serious diseases. Vertex Pharmaceuticals (VRTX) Source: Pavel Kapysh / Shutterstock.com Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is a biotechnology company specializing in treating and developing cystic fibrosis (CF) medicine. Medpace Holdings, Inc. (MEDP) Source: everything possible / Shutterstock.com Last on our list of biostocks to buy is Medpace Holdings, Inc. (NASDAQ:MEDP), a medical device services & drug research company that offers scientifically-driven clinical development services in the pharmaceutical, medical device, and biotechnology industries.
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Vertex Pharmaceuticals (VRTX) Source: Pavel Kapysh / Shutterstock.com Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is a biotechnology company specializing in treating and developing cystic fibrosis (CF) medicine. Medpace Holdings, Inc. (MEDP) Source: everything possible / Shutterstock.com Last on our list of biostocks to buy is Medpace Holdings, Inc. (NASDAQ:MEDP), a medical device services & drug research company that offers scientifically-driven clinical development services in the pharmaceutical, medical device, and biotechnology industries. Its clinical trial services include bio-analytical laboratory services, imaging services, clinical human pharmacology, and electrocardiography reading support for clinical trials.
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In this article, we will look at three biotech stocks that have promising growth potential. VRTX is in a position to further its growth, and that is why it’s one of the top biotech stocks to buy right now. It partners with several companies in the industry and provides them with product development services and execution of clinical trials.
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0652a71b-0dfa-4fe5-8751-03feb767665a
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712132.0
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2023-12-13 00:00:00 UTC
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4 Solid Bets From the Retail-Apparel & Shoes Industry for 2024
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DCOMP
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https://www.nasdaq.com/articles/4-solid-bets-from-the-retail-apparel-shoes-industry-for-2024
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As stimulus-driven spending gradually wanes and interest rates remain elevated, the Retail - Apparel And Shoes industry finds itself at a pivotal juncture. Consumers are adopting a more cautious stance toward their disposable income, signaling a return to more conservative spending habits. This shift in consumer sentiment is reverberating across various merchandise categories, creating challenges for businesses.
Given the tough operating environment, industry players are actively reevaluating their business models and adopting innovative strategies. Retailers have been focusing on superior product strategy, the advancement of omnichannel capabilities, prudent capital investments and greater customer reach. Backed by these initiatives, companies like Deckers Outdoor Corporation DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO are better placed.
About the Industry
The Retail - Apparel and Shoes industry encompasses the manufacturing, distribution and retailing of clothing, footwear and accessories. The industry is influenced by various factors, including fashion trends, consumer spending habits, economic dynamics and seasonal variations. Companies within the industry range from global apparel giants to domestic brands, each targeting specific market segments. The industry presents both opportunities and challenges. On the one hand, it demands continuous product innovation, brand distinctiveness and effective marketing to attract customers. On the other hand, fierce competition and price sensitivity pose hurdles. Technological advancements and the rise of online retail have revolutionized the industry, with consumers increasingly seeking convenience and personalized shopping experiences.
4 Key Trends to Watch in the Industry
Cautious Consumer Environment: The industry grapples with a complex set of challenges, as a soft demand environment casts a shadow on overall sales and revenue prospects. Consumers are contending with a host of economic issues, encompassing inflation, elevated interest rates and geopolitical tension. Cumulatively, these factors have been weighing on consumer sentiment. Moreover, rapid changes in consumer preferences, intensified by the ever-evolving nature of fashion trends, can lead to excess inventory and reduced sales for brands unable to adapt swiftly.
Pressure on Margins to Linger: The industry is quite fragmented, with companies vying for a bigger slice of the pie on attributes such as price, products and speed to market. To address these, a significant number of players in the industry have been investing in strengthening their digital ecosystem and delivery capabilities. While these endeavors bolster sales, they entail high costs. Apart from these, higher marketing, advertising and other store-related expenses might compress margins. Of late, the industry participants have been dealing with product cost inflation. Nonetheless, companies have been focusing on undertaking initiatives to mitigate cost-related challenges. These include streamlining operational structures, optimizing supply networks and adopting effective pricing policies.
Brand Enhancement, Capital Discipline: Industry participants have been focusing on deepening engagements with consumers, creating innovative and compelling products and enhancing digital and data analytics capabilities. The launch of newer styles, customization options and refreshed store environments enables them to woo shoppers. Efforts to enhance the brand portfolio via marketing strategies, buyouts, innovations and alliances are likely to keep supporting players in the space. The companies have been taking steps to strengthen their financial position. They have been making every move, from managing the inventory and closing underperforming stores to optimizing capital expenditures and enhancing operational efficiency.
Diversification & Digitization Key to Growth: With the change in consumer shopping patterns and behavior, industry participants have been playing dual in-store and online roles. They are building an omnichannel, coming up with loyalty and marketing programs, enhancing the supply chain and providing faster delivery options, be it doorstep delivery, curbside pickup or buy online and pick up at a store. Simultaneously, companies are investing in renovation, improved checkouts and mobile point-of-sale capabilities to keep stores relevant. Keeping in mind consumers’ product preferences and growing inclination toward online shopping, companies have been replenishing shelves with in-demand merchandise and ramping up investments in digitization.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Retail - Apparel And Shoes industry is a group within the broader Zacks Retail – Wholesale sector. The industry currently carries a Zacks Industry Rank #150, which places it in the bottom 40% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates drab near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group’s earnings growth potential. Since the beginning of March 2023, the industry’s earnings estimate has declined 6.7%.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry vs. Broader Market
The Zacks Retail - Apparel And Shoes industry has underperformed the broader Zacks Retail – Wholesale sector and the Zacks S&P 500 composite over the past year.
The industry has advanced 10.1% over this period compared with the S&P 500’s increase of 16.2%. Meanwhile, the broader sector has risen 15.4%.
One-Year Price Performance
Industry's Current Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing retail stocks, the industry is currently trading at 15.86X compared with the S&P 500’s 19.36X and the sector’s 21.66X.
Over the last five years, the industry has traded as high as 76.88X and as low as 9.13X, with the median being at 14.92X, as the chart below shows.
Price-to-Earnings Ratio (Past 5 Years)
4 Stocks Worth Considering
Abercrombie & Fitch: The company's ability to adapt, innovate and connect with customers positions it for a prosperous future. Abercrombie & Fitch’s regional operating model, with a focus on the Americas, the EMEA and the APAC, provides a solid foundation for global expansion. Its strong brand portfolio, operational efficiency and regional strategy make it an attractive investment opportunity as it continues to navigate and thrive in the evolving retail landscape.
This leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids delivered a trailing four-quarter earnings surprise of 713%, on average. The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago period. Shares of this Zacks Rank #1 (Strong Buy) company have rallied 259.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: ANF
Gap: The company demonstrates resilience and positive momentum in its financial performance. The company's strategic efforts, including significant cost savings, have strengthened its financial position. Market share gains in key brands like Old Navy and Gap highlight successful product strategies. With disciplined expense control, strong cash generation and a focus on brand revitalization, Gap stands out as a promising player.
This specialty apparel company delivered a trailing four-quarter earnings surprise of 137.9%, on average. Shares of this Zacks Rank #1 company have surged 53.3% in the past year.
Price and Consensus: GPS
American Eagle Outfitters: The company’s efforts to rationalize inventory and contain costs are paying off. The strong performance of key brands like American Eagle and Aerie, coupled with expansions into premium and activewear segments, indicates potential for growth. New store designs and online enhancements demonstrate a commitment to improving the customer experience.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal sales and EPS suggests growth of 4% and 39.2%, respectively, from the year-ago reported figure. AEO has a trailing four-quarter earnings surprise of 23%, on average. Shares of this Zacks Rank #2 (Buy) company have advanced 34.9% in the past year.
Price and Consensus: AEO
Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities. The company’s focus on expanding brand assortments, bringing more innovative lines of products, targeting consumers digitally and optimizing omni-channel distribution, positions it for continued success.
Impressively, the Zacks Consensus Estimate for Deckers’ current-fiscal sales and EPS calls for growth of 11.4% and 20.9%, respectively, from the year-ago reported figure. DECK has a trailing four-quarter earnings surprise of 26.3%, on average. We note that shares of this Zacks Rank #2 company have increased 81% in the past year.
Price and Consensus: DECK
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
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
The Gap, Inc. (GPS) : 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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Moreover, rapid changes in consumer preferences, intensified by the ever-evolving nature of fashion trends, can lead to excess inventory and reduced sales for brands unable to adapt swiftly. Keeping in mind consumers’ product preferences and growing inclination toward online shopping, companies have been replenishing shelves with in-demand merchandise and ramping up investments in digitization. The company’s focus on expanding brand assortments, bringing more innovative lines of products, targeting consumers digitally and optimizing omni-channel distribution, positions it for continued success.
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Backed by these initiatives, companies like Deckers Outdoor Corporation DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO are better placed. Broader Market The Zacks Retail - Apparel And Shoes industry has underperformed the broader Zacks Retail – Wholesale sector and the Zacks S&P 500 composite over the past year. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Industry Rank Indicates Bleak Prospects The Zacks Retail - Apparel And Shoes industry is a group within the broader Zacks Retail – Wholesale sector. The industry currently carries a Zacks Industry Rank #150, which places it in the bottom 40% of more than 250 Zacks industries. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Industry vs. Price and Consensus: AEO Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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3aaae2c9-4478-47c1-8c3b-b63e915cfab5
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712133.0
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2023-12-13 00:00:00 UTC
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How to Boost Your Portfolio with Top Finance Stocks Set to Beat Earnings
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DCOMP
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https://www.nasdaq.com/articles/how-to-boost-your-portfolio-with-top-finance-stocks-set-to-beat-earnings-21
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Bank of America?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Bank of America (BAC) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $0.72 a share, just 30 days from its upcoming earnings release on January 12, 2024.
Bank of America's Earnings ESP sits at +1.01%, which, as explained above, is calculated by taking the percentage difference between the $0.72 Most Accurate Estimate and the Zacks Consensus Estimate of $0.71. BAC is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
BAC is just one of a large group of Finance stocks with a positive ESP figure. Agree Realty (ADC) is another qualifying stock you may want to consider.
Agree Realty, which is readying to report earnings on February 13, 2024, sits at a Zacks Rank #3 (Hold) right now. It's Most Accurate Estimate is currently $1.01 a share, and ADC is 62 days out from its next earnings report.
Agree Realty's Earnings ESP figure currently stands at +0.36% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.
BAC and ADC's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out 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
Bank of America Corporation (BAC) : Free Stock Analysis Report
Agree Realty Corporation (ADC) : 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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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. 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.
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When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Agree Realty Corporation (ADC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Earnings ESP, Explained The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Agree Realty Corporation (ADC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Agree Realty's Earnings ESP figure currently stands at +0.36% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1. BAC and ADC's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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9d61e91b-ce3e-4c6d-b473-30c3a9adeeb2
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712134.0
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2023-12-13 00:00:00 UTC
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ExxonMobil (XOM) Remains in Guyana Despite Venezuela Dispute
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DCOMP
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https://www.nasdaq.com/articles/exxonmobil-xom-remains-in-guyana-despite-venezuela-dispute
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Despite the escalating territorial dispute with neighboring Venezuela, Exxon Mobil Corporation XOM intends to continue increasing production in offshore Guyana, per a report by AP news. Venezuela asserts its ownership of the oil-rich region.
ExxonMobil is reiterating its steadfast, long-term commitment to Guyana amid escalating tensions between the bordering South American countries. The company commits to remain involved, focusing on efficient and responsible resource development in line with the agreement with the Guyana government.
ExxonMobil is steadfast in its commitment to continue operations in Guyana despite Venezuela’s objections to the recent oil block auctions due to pending maritime delimitation. The company has bid for eight of the 14 blocks and awaits a response from the Guyanese government.
Earlier this month, Venezuela’s president, Nicolas Maduro, suggested that companies operating in the resource-rich Essequibo region in Guyana near significant oil deposits should cease operations within three months. Additionally, the Venezuela government aims to ban companies engaged in operations in Guyana from conducting business in the country.
ExxonMobil is currently achieving a daily oil production of 600,000 barrels by drilling more than 40 wells in Guyana’s Essequibo region. The ExxonMobil consortium has not only submitted a bid but has also obtained approval to develop three other areas in the region, which are believed to have additional oil deposits.
ExxonMobil CEO Darren Woods predicts that the Venezuela-Guyana territorial dispute in the Essequibo region will not be resolved for a couple of years. He emphasizes the need for both nations to respect the arbitration outcome, noting global support from the United States, Europe and other Caribbean nations for the diplomatic resolution pursued by Guyana and Venezuela.
Zacks Rank & Stocks to Consider
ExxonMobil currently carries a Zack Rank #3 (Hold).
Investors interested in the energy sector might look at the following companies that presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
EOG Resources EOG boasts an appealing growth profile, delivers upper-quartile returns and is guided by a disciplined management team.
EOG Resources has a strong focus on returning capital to shareholders. From 1999 through 2024, the company is committed to raising its regular dividend at a compound annual growth rate of 21%. EOG has never suspended or lowered its dividend, even during business turmoil, reflecting a solid underlying business.
Matador Resources Company MTDR is among the leading oil and gas explorers in the shale and unconventional resources in the United States.
Matador has raised its fixed quarterly cash dividend by 33% to 20 cents per share (80 cents per share annually). This marks the fourth increment in the company’s fixed dividend since its introduction in the first quarter of 2021. The decision to once again increase the dividend underscores Matador's growing financial and operational strength.
Antero Midstream Corporation AM is a leading provider of integrated and customized midstream services.
Antero Midstream stands out in the industry with its impressive environmental record. With a mere 0.031% methane leak loss rate, it boasts one of the lowest rates in the industry. This demonstrates a strong commitment to minimizing its environmental impacts and reducing greenhouse gas emissions. Additionally, an impressive 86% of wastewater received is either reused or recycled, showcasing their dedication to sustainable water management practices.
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
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
EOG Resources, Inc. (EOG) : Free Stock Analysis Report
Antero Midstream Corporation (AM) : Free Stock Analysis Report
Matador Resources Company (MTDR) : 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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Despite the escalating territorial dispute with neighboring Venezuela, Exxon Mobil Corporation XOM intends to continue increasing production in offshore Guyana, per a report by AP news. ExxonMobil is steadfast in its commitment to continue operations in Guyana despite Venezuela’s objections to the recent oil block auctions due to pending maritime delimitation. 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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Despite the escalating territorial dispute with neighboring Venezuela, Exxon Mobil Corporation XOM intends to continue increasing production in offshore Guyana, per a report by AP news. Matador has raised its fixed quarterly cash dividend by 33% to 20 cents per share (80 cents per share annually). Click to get this free report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Antero Midstream Corporation (AM) : Free Stock Analysis Report Matador Resources Company (MTDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Earlier this month, Venezuela’s president, Nicolas Maduro, suggested that companies operating in the resource-rich Essequibo region in Guyana near significant oil deposits should cease operations within three months. Zacks Rank & Stocks to Consider ExxonMobil currently carries a Zack Rank #3 (Hold). Click to get this free report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Antero Midstream Corporation (AM) : Free Stock Analysis Report Matador Resources Company (MTDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Additionally, the Venezuela government aims to ban companies engaged in operations in Guyana from conducting business in the country. Antero Midstream stands out in the industry with its impressive environmental record. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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baf4bab3-552f-4f08-aa8c-e6bd8ac78428
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2023-12-13 00:00:00 UTC
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Want Better Returns? Don?t Ignore These 2 Finance Stocks Set to Beat Earnings
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DCOMP
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https://www.nasdaq.com/articles/want-better-returns-dont-ignore-these-2-finance-stocks-set-to-beat-earnings-12
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider BlackRock?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. BlackRock (BLK) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $8.97 a share, just 30 days from its upcoming earnings release on January 12, 2024.
BlackRock's Earnings ESP sits at +2.78%, which, as explained above, is calculated by taking the percentage difference between the $8.97 Most Accurate Estimate and the Zacks Consensus Estimate of $8.73. BLK is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
BLK is just one of a large group of Finance stocks with a positive ESP figure. Host Hotels (HST) is another qualifying stock you may want to consider.
Slated to report earnings on February 21, 2024, Host Hotels holds a #3 (Hold) ranking on the Zacks Rank, and it's Most Accurate Estimate is $0.45 a share 70 days from its next quarterly update.
Host Hotels' Earnings ESP figure currently stands at +9.76% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.41.
BLK and HST's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out 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
BlackRock, Inc. (BLK) : Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST) : 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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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. 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.
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The Zacks Earnings ESP, Explained The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. BlackRock's Earnings ESP sits at +2.78%, which, as explained above, is calculated by taking the percentage difference between the $8.97 Most Accurate Estimate and the Zacks Consensus Estimate of $8.73. Click to get this free report BlackRock, Inc. (BLK) : Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Earnings ESP, Explained The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Click to get this free report BlackRock, Inc. (BLK) : Free Stock Analysis Report Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter. BLK and HST's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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712136.0
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2023-12-13 00:00:00 UTC
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Crypto Is the Most-Held Asset Among Gen Z and Millennial Investors: Here's What They Should Buy Next
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https://www.nasdaq.com/articles/crypto-is-the-most-held-asset-among-gen-z-and-millennial-investors%3A-heres-what-they-should
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In October 2022, the Motley Fool surveyed 1,200 Gen Z and millennial investors to see what they were holding in their portfolios. The results were somewhat surprising. It turns out cryptocurrencies -- not stocks -- were the most-held assets among this age cohort. And younger investors showed a clear preference for holding individual stocks rather than mutual funds or exchange-traded funds (ETFs).
Within the crypto asset class, the focus seemed to be on high-risk, high-growth investments that could build wealth quickly. This typically means meme coins, bargain-priced cryptos trading for less than $1 that have the potential to skyrocket in value overnight, and momentum cryptos getting a lot of attention from social media influencers. While all of these can be a fun way to get exposure to crypto, there are likely better options for maximizing future wealth.
Bitcoin
The starting point for any crypto portfolio should be Bitcoin (CRYPTO: BTC). Bitcoin now accounts for 52% of the entire value of the crypto market, so as a general rule of thumb, Bitcoin should account for at least half of any crypto portfolio. Bitcoin has a long track record (at least, by crypto standards) of creating value for investors, and can be viewed as one of the few "buy and hold" cryptos.
From the perspective of Gen Z and Millennial investors, Bitcoin can serve another purpose as well: It can become part of a broader retirement investment strategy. In the Motley Fool survey, one of the key findings was that only 29% of Gen Z had a retirement account of any kind. And, in fact, they were more likely to own stock options (perhaps as the result of working for a start-up company) than they were to have a retirement account.
Image source: Getty Images.
Bitcoin for retirement might sound a bit strange, but a number of institutional investors are leading the way in creating financial products for retirement that feature Bitcoin. In April 2022, for example, Fidelity Investments announced that it was creating 401(k) retirement options featuring Bitcoin. Now that crypto is being recognized as an asset class of its own, it's likely that it will continue to find its way into more mainstream financial products for retirement.
Layer-1 blockchains
Investing in meme coins might be fun over the short term, but it is in no way appropriate for a long-term investment strategy. The last thing you want to happen is for your meme coin portfolio to collapse to zero on the day you're officially retiring!
So, a more practical alternative to meme coins could be Layer-1 blockchains, also known as smart contract platforms. This category includes some of the largest cryptos in the world, including Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Avalanche (CRYPTO: AVAX), and Cardano (CRYPTO: ADA). All of these rank among the top 10 cryptos in terms of market capitalization.
What all of them have in common is that they serve as the fundamental building blocks of the blockchain world. They are the core base layer (i.e., the Layer 1) on which all other activity takes place, including non-fungible tokens (NFTs), decentralized finance (DeFi), blockchain gaming, and Web3. As such, all of them have very vibrant ecosystems of their own. I've always thought of these Layer-1 blockchains as the crypto market's version of "conglomerates" -- they do a bit of everything, and that helps to diversify away some of the risk of holding them.
Crypto ETFs
Another key finding in the Motley Fool investment survey was that there seemed to be an aversion to mutual funds and ETFs among younger investors. They showed much more of a preference for holding individual stocks. There's nothing wrong with holding individual stocks, of course, but if you plan on holding a large set of stocks from the same industry, it's usually more cost-effective to invest in an industry ETF with a low expense ratio.
And that's why it might make sense to explore ETFs that are specifically tied to crypto and the blockchain world. One example is the Schwab Crypto Thematic ETF (NYSEMKT: STCE), which gives investors exposure to a wide mix of companies in the blockchain and crypto market. Another is the Valkyrie Bitcoin Miners ETF (NASDAQ: WGMI), which invests in a mix of Bitcoin mining stocks. And, of course, there are the proposed ETFs that will only invest in a single cryptocurrency. The most significant of these will be the first-ever spot Bitcoin ETF, which could arrive in early 2024.
A smarter way to invest in crypto
As a huge proponent of cryptocurrency myself, I really can't take issue with those who prefer cryptos over stocks. And I can understand why investing in a meme coin trading for less than $0.01 could be appealing -- in the same way that playing the lottery every now and then can be exciting.
But there could be a smarter way to invest in crypto beyond just seeing what's trending on social media. As crypto goes mainstream, the same types of financial products that are popular with stock market investors -- such as 401(k) retirement accounts and ETFs -- are being applied to the crypto world. And that could mean a better, smarter approach to crypto for younger investors looking to build wealth over the long haul.
Should you invest $1,000 in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
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Dominic Basulto has positions in Bitcoin, Cardano, and Ethereum. The Motley Fool has positions in and recommends Avalanche, Bitcoin, Cardano, Ethereum, and Solana. 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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From the perspective of Gen Z and Millennial investors, Bitcoin can serve another purpose as well: It can become part of a broader retirement investment strategy. Now that crypto is being recognized as an asset class of its own, it's likely that it will continue to find its way into more mainstream financial products for retirement. I've always thought of these Layer-1 blockchains as the crypto market's version of "conglomerates" -- they do a bit of everything, and that helps to diversify away some of the risk of holding them.
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And younger investors showed a clear preference for holding individual stocks rather than mutual funds or exchange-traded funds (ETFs). This category includes some of the largest cryptos in the world, including Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Avalanche (CRYPTO: AVAX), and Cardano (CRYPTO: ADA). Crypto ETFs Another key finding in the Motley Fool investment survey was that there seemed to be an aversion to mutual funds and ETFs among younger investors.
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This category includes some of the largest cryptos in the world, including Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Avalanche (CRYPTO: AVAX), and Cardano (CRYPTO: ADA). As crypto goes mainstream, the same types of financial products that are popular with stock market investors -- such as 401(k) retirement accounts and ETFs -- are being applied to the crypto world. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bitcoin wasn't one of them.
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One example is the Schwab Crypto Thematic ETF (NYSEMKT: STCE), which gives investors exposure to a wide mix of companies in the blockchain and crypto market. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bitcoin wasn't one of them.
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712137.0
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2023-12-13 00:00:00 UTC
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Here's Why Investors Should Hold on to EQT Stock Right Now
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https://www.nasdaq.com/articles/heres-why-investors-should-hold-on-to-eqt-stock-right-now-0
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EQT Corporation EQT has gained 8.2% year to date against a 4.6% decline of the composite stocks belonging to the industry.
What's Favoring the Stock?
EQT, carrying a Zacks Rank #3 (Hold), is a premium natural gas producer in North America. In the prolific Appalachian Basin, the upstream player has a strong foothold in the Marcellus and Utica shale plays. With significant core drilling locations across the prospective plays, the company’s production outlook appears solid. Thus, EQT is well-positioned to capitalize on clean energy demand, as natural gas is a relatively cleaner-burning fossil fuel.
The company is at the forefront among the composite stocks when it comes to establishing emissions reduction goals. EQT’s ambitious goal is to achieve net zero scope 1 and scope 2 greenhouse gas emissions by 2025 or sooner.
Risks
EQT's engagement in exploration and production activities leaves it vulnerable to significant fluctuations in oil and gas prices, resulting in a highly unpredictable business environment for this upstream energy company.
Stocks to Consider
Better-ranked players in the energy space include The Williams Companies, Inc. WMB, Weatherford International plc WFRD and Transportadora de Gas del Sur SA TGS. While The Williams Companies sports a Zacks Rank #1 (Strong Buy), Weatherford International and Transportadora de Gas carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Williams Companies is well-poised to capitalize on the mounting demand for clean energy since it is engaged in transporting, storing, gathering and processing natural gas and natural gas liquids.
Weatherfordis a key energy player and is engaged in offering exclusive drilling technologies that will maximize clients’ reservoir exposure. Weatherford is also involved in well construction and completion activities in an efficient manner.
Transportadora’s midstream asset portfolio has the most extensive natural gas pipeline network in Latin America. It generates stable fee-based revenues since its pipeline assets transport more than 60% of the gas consumed in Argentina. Also, TGS has lower debt exposure than the composite stocks belonging to the industry.
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
Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report
EQT Corporation (EQT) : Free Stock Analysis Report
Transportadora De Gas Sa Ord B (TGS) : Free Stock Analysis Report
Weatherford International PLC (WFRD) : 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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Risks EQT's engagement in exploration and production activities leaves it vulnerable to significant fluctuations in oil and gas prices, resulting in a highly unpredictable business environment for this upstream energy company. Stocks to Consider Better-ranked players in the energy space include The Williams Companies, Inc. WMB, Weatherford International plc WFRD and Transportadora de Gas del Sur SA TGS. 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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Stocks to Consider Better-ranked players in the energy space include The Williams Companies, Inc. WMB, Weatherford International plc WFRD and Transportadora de Gas del Sur SA TGS. While The Williams Companies sports a Zacks Rank #1 (Strong Buy), Weatherford International and Transportadora de Gas carry a Zacks Rank #2 (Buy). Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report EQT Corporation (EQT) : Free Stock Analysis Report Transportadora De Gas Sa Ord B (TGS) : Free Stock Analysis Report Weatherford International PLC (WFRD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks to Consider Better-ranked players in the energy space include The Williams Companies, Inc. WMB, Weatherford International plc WFRD and Transportadora de Gas del Sur SA TGS. While The Williams Companies sports a Zacks Rank #1 (Strong Buy), Weatherford International and Transportadora de Gas carry a Zacks Rank #2 (Buy). Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report EQT Corporation (EQT) : Free Stock Analysis Report Transportadora De Gas Sa Ord B (TGS) : Free Stock Analysis Report Weatherford International PLC (WFRD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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EQT, carrying a Zacks Rank #3 (Hold), is a premium natural gas producer in North America. You can see the complete list of today’s Zacks #1 Rank stocks here. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b98f4abb-d7c8-43ff-bad0-8f7c6c4de461
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712138.0
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2023-12-13 00:00:00 UTC
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3 Biotechs With Promising Gene Therapies in the Spotlight
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https://www.nasdaq.com/articles/3-biotechs-with-promising-gene-therapies-in-the-spotlight
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Recently, bluebird bio, Inc. BLUE obtained FDA approval for its third gene therapy, lovotibeglogene autotemcel (lovo-cel), for the treatment of sickle cell disease (“SCD”) in patients aged 12 and older who have a history of vaso-occlusive events (“VOEs”). The FDA approved lovo-cel under the brand name Lyfgenia. Concurrently, it also approved Vertex Pharmaceuticals and CRISPR Therapeutics’ exagamglogene autotemcel, a CRISPR/Cas9 genome-edited cell therapy, for the treatment of SCD in patients 12 years and older with recurrent vaso-occlusive crises under the brand name Casgevy.
Casgevy is the first FDA-approved therapy utilizing CRISPR/Cas9, a type of genome editing technology where hematopoietic (blood) stem cells of patients are modified by genome editing using CRISPR/Cas9 technology. Lyfgenia is a cell-based gene therapy, which works by genetically modifying a patient’s blood stem cells to produce HbAT87Q.
However, stocks of these companies were down despite the approvals due to the uncertainty regarding the uptake of these therapies, given the high prices of these treatments and side effects. Nevertheless, this space remains in the spotlight in a volatile biotech sector, given the need for innovative treatments.
The recent FDA approval of the two gene therapies has put the focus on biotechs like Editas Medicine EDIT, Beam Therapeutics Inc. BEAM and Intellia Therapeutics NTLA, which have promising candidates in their pipeline.
Editas, a clinical stage genome editing company, has developed a proprietary gene editing platform based on CRISPR technology. Editas’ lead program, EDIT-301, is an experimental ex vivo gene-edited medicine being evaluated for the treatment of SCD and transfusion-dependent beta thalassemia (“TDT”). In October, the FDA granted Regenerative Medicine Advanced Therapy designation to EDIT-301 for the treatment of SCD.
Enrolment and dosing of patients is ongoing in the RUBY trial for SCD. Editas also continues to enroll and dose patients in the EdiTHAL trial for TDT. The company recently announced new safety and efficacy data for 17 patients treated with EDIT-301, now known as enizgamglogene autogedtemcel (reni-cel), from both these studies.
In both the RUBY and EdiTHAL trials to date, reni-cel has been well-tolerated and continues to demonstrate a safety profile consistent with myeloablative conditioning with busulfan and autologous hematopoietic stem cell transplant in all patients. All RUBY patients are free of VOEs since treatment with reni-cel while EdiTHAL patients had early and robust increase of total hemoglobin, above the transfusion independence threshold of 9 g/dl.
The promising preliminary results underscored the potential of this gene therapy particularly in the safety aspect. The company continues dosing additional patients and will share further updates in mid-2024. Positive additional updates bode well for Editas.
Editas had cash, cash equivalents, and marketable securities of $446.4 million as of Sep 30, 2023, which it expects to use for operating expenses and capital expenditures into the third quarter of 2025. Hence, additional sources of funding are required.
Shares of the company have gained 10.9% year to date. Editas currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Beam Therapeutics’ pipeline of gene editing technologies is based on proprietary base editing technology. This enables a differentiated class of precision genetic medicines that target a single base in the genome without making a double-stranded break in the DNA. The company is advancing its base editing technology across three disease area portfolios: hematology, immunology/oncology and genetic diseases.
BEAM is evaluating BEAM-101 in adult patients with severe SCD. The first patient in the BEACON trial, is expected to be treated with BEAM-101 shortly. The company plans to continue enrolling additional patients in the BEACON trial through the end of year and beyond, with a total target of 45 treated patients. Initial data from the BEACON trial is expected in 2024. BEAM is also advancing its two lead in vivo base editing product candidates, BEAM-302 for the treatment of alpha-1 antitrypsin deficiency and BEAM-301 for the treatment of glycogen storage disease Ia.
The company has also dosed its first patient in the phase I/II study of BEAM-201, a multiplex-edited allogeneic CAR-T product candidate, for the treatment of relapsed/refractory T-cell acute lymphoblastic leukemia /T-cell lymphoblastic lymphoma. Enrollment is ongoing and the company expects to report initial data in 2024.
In October 2023, Beam entered into a transfer agreement with Eli Lilly, pursuant to which Lilly acquired certain assets and other rights under the Verve Agreement. Following this, Beam received an upfront payment of $200 million as well as a $50 million equity investment from Lilly.
Though still in nascent stages, BEAM’s pipeline holds potential. The company currently carries a Zacks Rank #3.
Intellia Therapeutics is also a clinical-stage genome editing company, focused on developing potentially curative therapeutics using CRISPR/Cas9-based technologies. The company’s lead in vivo candidates, NTLA-2001 for the treatment of transthyretin (“ATTR”) amyloidosis and NTLA-2002 for the treatment of hereditary angioedema (“HAE”) are the first CRISPR/Cas9-based therapy candidates to be administered systemically, via intravenous infusion, for precision editing of a gene in target tissue in humans.
NTLA-2001, the first investigational CRISPR-based therapy to be systemically delivered to edit genes inside the human body, has the potential to be the first single-dose treatment for ATTR amyloidosis. This therapy, being developed with Regeneron, offers the possibility of halting and reversing the disease by driving a deep, consistent and potentially lifelong reduction in transthyretin protein (TTR) after a single dose. The company recently announced new positive interim results from the phase I study of NTLA-2001 wherein updated data from over 60 patients showed consistent, deep and durable serum TTR reduction achieved with a single dose of NTLA-2001.
NTLA-2002 is designed to knock out the kallikrein B1 gene in the liver, with the potential to permanently reduce total plasma kallikrein protein and activity, a key mediator of HAE. It is being evaluated in a phase I/II study in adults with type I or type II HAE. A late-stage study is being planned for 2024.
Other candidates include NTLA-3001 for the treatment of Alpha-1 Antitrypsin Deficiency-associated lung disease and NTLA-2003 for the treatment of AATD-associated liver disease.
Intellia also carries a Zacks Rank #3 currently.
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
Beam Therapeutics Inc. (BEAM) : Free Stock Analysis Report
bluebird bio, Inc. (BLUE) : Free Stock Analysis Report
Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report
Intellia Therapeutics, Inc. (NTLA) : 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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Recently, bluebird bio, Inc. BLUE obtained FDA approval for its third gene therapy, lovotibeglogene autotemcel (lovo-cel), for the treatment of sickle cell disease (“SCD”) in patients aged 12 and older who have a history of vaso-occlusive events (“VOEs”). Concurrently, it also approved Vertex Pharmaceuticals and CRISPR Therapeutics’ exagamglogene autotemcel, a CRISPR/Cas9 genome-edited cell therapy, for the treatment of SCD in patients 12 years and older with recurrent vaso-occlusive crises under the brand name Casgevy. The company recently announced new positive interim results from the phase I study of NTLA-2001 wherein updated data from over 60 patients showed consistent, deep and durable serum TTR reduction achieved with a single dose of NTLA-2001.
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The recent FDA approval of the two gene therapies has put the focus on biotechs like Editas Medicine EDIT, Beam Therapeutics Inc. BEAM and Intellia Therapeutics NTLA, which have promising candidates in their pipeline. Image Source: Zacks Investment Research Beam Therapeutics’ pipeline of gene editing technologies is based on proprietary base editing technology. Click to get this free report Beam Therapeutics Inc. (BEAM) : Free Stock Analysis Report bluebird bio, Inc. (BLUE) : Free Stock Analysis Report Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report Intellia Therapeutics, Inc. (NTLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The recent FDA approval of the two gene therapies has put the focus on biotechs like Editas Medicine EDIT, Beam Therapeutics Inc. BEAM and Intellia Therapeutics NTLA, which have promising candidates in their pipeline. The company’s lead in vivo candidates, NTLA-2001 for the treatment of transthyretin (“ATTR”) amyloidosis and NTLA-2002 for the treatment of hereditary angioedema (“HAE”) are the first CRISPR/Cas9-based therapy candidates to be administered systemically, via intravenous infusion, for precision editing of a gene in target tissue in humans. Click to get this free report Beam Therapeutics Inc. (BEAM) : Free Stock Analysis Report bluebird bio, Inc. (BLUE) : Free Stock Analysis Report Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report Intellia Therapeutics, Inc. (NTLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The recent FDA approval of the two gene therapies has put the focus on biotechs like Editas Medicine EDIT, Beam Therapeutics Inc. BEAM and Intellia Therapeutics NTLA, which have promising candidates in their pipeline. The company plans to continue enrolling additional patients in the BEACON trial through the end of year and beyond, with a total target of 45 treated patients. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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f6793215-3ae7-4567-9886-6e2ef936da4a
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712139.0
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2023-12-13 00:00:00 UTC
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The 3 Most Undervalued AI Penny Stocks to Buy in December
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https://www.nasdaq.com/articles/the-3-most-undervalued-ai-penny-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It’s easy to understand why investors remain curious about AI penny stocks in December and beyond. Leading companies in the artificial intelligence (AI) industry have multiplied in value in 2023.
The AI market was worth roughly $515 billion in 2023. By 2030, it is expected to more than quadruple in value, reaching $2.025 trillion. That equates to a compound annual growth rate of more than 21% over the period.
So, it’s easy to see why investors are scrambling to invest in undervalued penny in the space: they have massive potential to provide outsized returns that can easily multiply capital invested. With that said, let’s take a look at the best AI penny stocks to buy right now.
Himax Technologies (HIMX)
Source: Mamat Suryadi / Shutterstock
Himax Technologies (NASDAQ:HIMX) Is a semiconductor firm with a footprint that touches on AI. It’s also a share that trades for roughly $5.50 at the moment. It’s a more stable choice among AI penny stocks with analysts expecting that it can grow by roughly 35% in the next year or so.
The company’s most recent earnings report strongly suggests that it is a fundamentally sound firm. Third quarter revenues reached $238.5 million. That translated to 1.5% growth on a quarter-over-quarter basis. While that might not sound great, it was actually a strong performance given that the company’s guidance projected a 7% decline during the period and at best a flat performance.
The company’s largest revenue provider by sector is the automotive industry. The company notes that it is facing ongoing macro headwinds and given its recent outperformance, there’s a reason to be optimistic. Thus, the company will continue to be a strong choice for investors seeking secular exposure to the continued growth of the electric vehicle market.
Guardforce AI (GFAI)
Source: metamorworks / Shutterstock.com
I mentioned that I believe Himax Technologies is somewhat of a stable, low risk choice. Guardforce AI (NASDAQ:GFAI) is the stock that is somewhat nearer the middle of the road in terms of risk. For example, 6.7% of its float is currently sold short. That is not a particularly high percentage but it does suggest that many investors do anticipate its value falling.
At the same time however, the stock has massive potential based on the sole analyst with coverage of its shares. That analyst expects the stock to rise to $14 at some point in the future. It currently trades for $3.35, making its appeal obvious.
As you might have guessed by its name, Guardforce AI provides cyber security solutions that have integrated AI. There’s at least one piece of data that I could find which suggests that its shares are worth more than their current price. The company recently converted $13.4 million worth of debt into 2,947,150 restricted shares. That equates to a value of $5.40 per share.
Guardforce AI reported 18.4 million in revenues during the first half of 2023, an 8.7% increase.
The company continues to report net losses and serve the client base primarily located in Asia. So, there are some inherent risks but the upside remains clear.
Lantern Pharma (LTRN)
Source: shutterstock.com/Champhei
Lantern Pharma (NASDAQ:LTRN) is a biopharmaceutical stock and company that utilizes AI and machine learning in order to develop its pipeline of drugs. The company has multiple clinical stage programs.
Like all pharma stocks, investing in Lantern Pharma is inherently risky. That’s simply a caveat that all investors should consider. Many other biopharma companies are also heavily investing in AI and machine learning in order to expedite their drug discovery and development processes. Lantern Pharma is not unique in that regard.
There’s nothing that particularly stands out about Lantern Pharma relative to other firms in this space that also utilize AI. That said, the company is well funded and maintained more than $44 million in liquidity reserves based on its most recent earnings report. Meanwhile, the company burned through just over $2 million during the period. That indicates that Lantern Pharma will continue to develop its pipeline of drugs utilizing AI in a way that won’t bankrupt the firm.
On the date of publication, Alex Sirois 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.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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The post The 3 Most Undervalued AI Penny Stocks to Buy in December appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued AI Penny Stocks to Buy in December appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s easy to understand why investors remain curious about AI penny stocks in December and beyond. It’s a more stable choice among AI penny stocks with analysts expecting that it can grow by roughly 35% in the next year or so. Lantern Pharma (LTRN) Source: shutterstock.com/Champhei Lantern Pharma (NASDAQ:LTRN) is a biopharmaceutical stock and company that utilizes AI and machine learning in order to develop its pipeline of drugs.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s easy to understand why investors remain curious about AI penny stocks in December and beyond. Lantern Pharma (LTRN) Source: shutterstock.com/Champhei Lantern Pharma (NASDAQ:LTRN) is a biopharmaceutical stock and company that utilizes AI and machine learning in order to develop its pipeline of drugs. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued AI Penny Stocks to Buy in December appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s easy to understand why investors remain curious about AI penny stocks in December and beyond. It’s a more stable choice among AI penny stocks with analysts expecting that it can grow by roughly 35% in the next year or so. The company’s most recent earnings report strongly suggests that it is a fundamentally sound firm.
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712140.0
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2023-12-13 00:00:00 UTC
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Ford (F) Trims F-150 Lightning Production Target for 2024
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https://www.nasdaq.com/articles/ford-f-trims-f-150-lightning-production-target-for-2024
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Per reports, Ford Motor Company F has reduced its planned production target of F-150 Lightning to half for 2024. In light of slowing demand, the automaker took a step back after significantly increasing its plant capacity for electric vehicles (“EVs”) this year.
Per a memo to a dealer, first reported by Automotive News, Ford plans to bring down its average weekly production volume at Rouge Electric Vehicle Center in Dearborn, MI, to 1,600 trucks, down from the current production volume of 3,200 per week.
During the third quarter’searnings call Ford’s executives shared plans to cancel or delay nearly $12 billion in EV investments due to softening demand for premium vehicles. Year-to-date, the company has lost almost $3.1 billion on EV spending and anticipates losing a total of $4 billion this year.
After receiving 200 thousand reservations for the F-150 Lightning in January 2022, Ford announced it would double its production capacity to 150 thousand units per year by mid-2023. To achieve its production target, the automaker idled its Rouge Electric Vehicle Center in early 2023.
However, the demand for EVs has been slower than anticipated due to higher prices and interest rates. Year-to-date, Ford has sold a total of 20,365 trucks, up from 13,258 sold in the corresponding period of 2022. The growth in demand lags far behind the expectations of automakers, which compelled them to reduce investments in EVs.
Zacks Rank & Key Picks
F currently carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 65.6%, respectively. The EPS estimates for 2023 and 2024 have increased 32 cents and 11 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for RNLSY’s 2023 sales and earnings indicates year-over-year growth of 4.5% and 128.1%, respectively. The EPS estimates for 2023 and 2024 have increased 15 cents and 2 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for BYDDY’s 2023 sales indicates year-over-year growth of 160.2%. The EPS estimates for 2023 and 2024 have increased 59 cents and 55 cents, respectively, in the past 60 days.
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
Ford Motor Company (F) : Free Stock Analysis Report
AB Volvo (VLVLY) : Free Stock Analysis Report
RENAULT (RNLSY) : Free Stock Analysis Report
Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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During the third quarter’searnings call Ford’s executives shared plans to cancel or delay nearly $12 billion in EV investments due to softening demand for premium vehicles. Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy). 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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Per reports, Ford Motor Company F has reduced its planned production target of F-150 Lightning to half for 2024. Per a memo to a dealer, first reported by Automotive News, Ford plans to bring down its average weekly production volume at Rouge Electric Vehicle Center in Dearborn, MI, to 1,600 trucks, down from the current production volume of 3,200 per week. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Per a memo to a dealer, first reported by Automotive News, Ford plans to bring down its average weekly production volume at Rouge Electric Vehicle Center in Dearborn, MI, to 1,600 trucks, down from the current production volume of 3,200 per week. 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. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Per reports, Ford Motor Company F has reduced its planned production target of F-150 Lightning to half for 2024. 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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2023-12-13 00:00:00 UTC
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Penske (PAG) to Buy Rybrook Group in the United Kingdom
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https://www.nasdaq.com/articles/penske-pag-to-buy-rybrook-group-in-the-united-kingdom
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Penske Automotive Group, Inc. PAG has signed an agreement to acquire Rybrook Group Limited, which consists of 15 premium dealerships in the United Kingdom. These dealerships comprise four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Among the four BMW dealerships, three locations retail BMW Motorrad motorcycles.
The buyout represents estimated annualized revenues of $1 billion and is expected to be completed by January 2024. The company plans to fund this acquisition using its existing liquidity.
Penske has become the largest dealership group for Freightliner in North America with the Warner Truck Centers buyout. This aided the company in diversifying its business, expanding its customer base and capitalizing on the Retail Commercial Trucks segment.
Last year, PAG completed several acquisitions and opened new dealerships worth more than $1.3 billion in annualized revenues.
In the second quarter of 2023, Penske acquired Transolutions Truck Centres located in the Manitoba market. The buyout is expected to generate nearly $180 million in annualized revenues. Moreover, in the third quarter of 2023, it acquired a dealership of BMW and Porsche each in North Carolina, which are expected to generate nearly $140 million in annualized revenues.
In the last reported quarter, Penske reported revenues of $7.4 billion, representing an 8% increase year over year. However, PAG’s capital expenditure increased to $86.6 million compared with $57.6 million in the corresponding quarter of 2022. While the company’s heavy investments in growth and expansion are likely to buoy its prospects, they may strain its near-term financials and cash flows.
Zacks Rank & Key Picks
PAG currently carries a Zacks Rank #4 (Sell).
Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 65.6%, respectively. The EPS estimates for 2023 and 2024 have increased 32 cents and 11 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for RNLSY’s 2023 sales and earnings indicates year-over-year growth of 4.5% and 128.1%, respectively. The EPS estimates for 2023 and 2024 have increased 15 cents and 2 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for BYDDY’s 2023 sales indicates year-over-year growth of 160.2%. The EPS estimates for 2023 and 2024 have increased 59 cents and 55 cents, respectively, in the past 60 days.
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
Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report
AB Volvo (VLVLY) : Free Stock Analysis Report
RENAULT (RNLSY) : Free Stock Analysis Report
Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, in the third quarter of 2023, it acquired a dealership of BMW and Porsche each in North Carolina, which are expected to generate nearly $140 million in annualized revenues. Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy). 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 the last reported quarter, Penske reported revenues of $7.4 billion, representing an 8% increase year over year. Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy). Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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These dealerships comprise four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. 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. Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Moreover, in the third quarter of 2023, it acquired a dealership of BMW and Porsche each in North Carolina, which are expected to generate nearly $140 million in annualized revenues. 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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4f408ae2-f905-4cdf-b4fd-2d05dd4658ab
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712142.0
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2023-12-13 00:00:00 UTC
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Analysts See 10% Gains Ahead For IVOV
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https://www.nasdaq.com/articles/analysts-see-10-gains-ahead-for-ivov
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard S&P Mid-Cap 400 Value ETF (Symbol: IVOV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $91.49 per unit.
With IVOV trading at a recent price near $83.07 per unit, that means that analysts see 10.14% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IVOV's underlying holdings with notable upside to their analyst target prices are Helen of Troy Ltd. (Symbol: HELE), Vestis Corp (Symbol: VSTS), and Crown Holdings Inc (Symbol: CCK). Although HELE has traded at a recent price of $111.09/share, the average analyst target is 13.72% higher at $126.33/share. Similarly, VSTS has 13.57% upside from the recent share price of $18.49 if the average analyst target price of $21.00/share is reached, and analysts on average are expecting CCK to reach a target price of $99.54/share, which is 13.27% above the recent price of $87.88. Below is a twelve month price history chart comparing the stock performance of HELE, VSTS, and CCK:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Vanguard S&P Mid-Cap 400 Value ETF IVOV $83.07 $91.49 10.14%
Helen of Troy Ltd. HELE $111.09 $126.33 13.72%
Vestis Corp VSTS $18.49 $21.00 13.57%
Crown Holdings Inc CCK $87.88 $99.54 13.27%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
AAV Videos
EXPE Stock Predictions
Incyte 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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Vanguard S&P Mid-Cap 400 Value ETF IVOV $83.07 $91.49 10.14% Helen of Troy Ltd. HELE $111.09 $126.33 13.72% Vestis Corp VSTS $18.49 $21.00 13.57% Crown Holdings Inc CCK $87.88 $99.54 13.27% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? 10 ETFs With Most Upside To Analyst Targets » Also see: AAV Videos EXPE Stock Predictions Incyte 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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Three of IVOV's underlying holdings with notable upside to their analyst target prices are Helen of Troy Ltd. (Symbol: HELE), Vestis Corp (Symbol: VSTS), and Crown Holdings Inc (Symbol: CCK). Similarly, VSTS has 13.57% upside from the recent share price of $18.49 if the average analyst target price of $21.00/share is reached, and analysts on average are expecting CCK to reach a target price of $99.54/share, which is 13.27% above the recent price of $87.88. Vanguard S&P Mid-Cap 400 Value ETF IVOV $83.07 $91.49 10.14% Helen of Troy Ltd. HELE $111.09 $126.33 13.72% Vestis Corp VSTS $18.49 $21.00 13.57% Crown Holdings Inc CCK $87.88 $99.54 13.27% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, VSTS has 13.57% upside from the recent share price of $18.49 if the average analyst target price of $21.00/share is reached, and analysts on average are expecting CCK to reach a target price of $99.54/share, which is 13.27% above the recent price of $87.88. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With IVOV trading at a recent price near $83.07 per unit, that means that analysts see 10.14% upside for this ETF looking through to the average analyst targets of the underlying holdings. Vanguard S&P Mid-Cap 400 Value ETF IVOV $83.07 $91.49 10.14% Helen of Troy Ltd. HELE $111.09 $126.33 13.72% Vestis Corp VSTS $18.49 $21.00 13.57% Crown Holdings Inc CCK $87.88 $99.54 13.27% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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712143.0
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2023-12-13 00:00:00 UTC
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Economic Safety Nets: 7 Defensive Stocks Providing Portfolio Stability
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https://www.nasdaq.com/articles/economic-safety-nets%3A-7-defensive-stocks-providing-portfolio-stability
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Although investors have some evidence of a possible economic recovery, they should still consider defensive stock picks. We just don’t know what will happen next. Moreover, certain data points contradict the optimistic narrative, thus warranting a reexamination of stable investment choices.
To be sure, the latest jobs report offers much encouragement for everyday households. With the U.S. economy adding 199,000 new opportunities – an unexpected rise – circumstances should theoretically bode well for both consumers and investors. So, why the urgent focus on so-called economic safety stocks?
For one thing, InvestorPlace wouldn’t be running a layoffs tracker if the economy hummed brightly for all sectors. Second, subtle details – such as declining sales of Swiss luxury watches – imply that even the more affluent are feeling the heat. At the very least, they’re recognizing the signs of what might lie ahead.
For that, it’s important to not abandon a cautious approach by targeting defensive stock picks.
Duke Energy (DUK)
Source: Jonathan Weiss / Shutterstock.com
What it is: One of the biggest utilities in the nation, Duke Energy (NYSE:DUK) focuses on electric power and natural gas. Headquartered in Charlotte, North Carolina, the company serves more than 8 million customers across six states. Per its website, the enterprise collectively owns 50,000 megawatts (MW) of energy capacity.
Relevance: When it comes to defensive stock picks to mitigate uncertainties ahead, you really can’t acquire a more relevant idea. Fundamentally, Duke benefits from a natural monopoly; essentially, stiff regulations and other barriers to entry allow the company to be entrenched. Also, no matter what, people need to pay their bills. That’s a huge advantage in terms of stable investment choices.
Pros: Primarily, the main attraction for DUK under the theme of risk mitigation centers on its forward dividend yield of 4.34%. Yes, the payout ratio is a bit high at nearly 69%. However, DUK enjoys 19 years of consecutive dividend increases.
Cons: DUK is about risk mitigation rather than growth potential. While it carries a moderate buy view, the average price target comes in at only $96.73.
Lowe’s (LOW)
Source: Helen89 / Shutterstock.com
What it is: A top-tier enterprise in the home improvement sector, Lowe’s (NYSE:LOW) makes a natural case for economic safety stocks. No, it’s not particularly exciting. However, the company offers relevant products and services. After all, the economy doesn’t care if your sink starts to leak.
Relevance: Again, the relevance of LOW as one of the defensive stock picks speaks for itself. Because the home-improvement retailer provides necessities, the business benefits from a captive audience. Further, Lowe’s unsurprisingly enjoys strong, predictable long-term revenue growth along with consistent profitability.
Pros: As with the other defensive stock picks, Lowe’s provides passive income, in this case a forward yield of 2.12%. That’s low (no pun intended) but so is the payout ratio of 33.95%, meaning yield sustainability should be no problem. Also, analysts peg shares as a moderate buy.
Cons: Because the business is so predictable, the projected upside is limited. Analysts only see shares rising to $224.76 over the next 12 months.
Microsoft (MSFT)
Source: The Art of Pics / Shutterstock.com
What it is: As one of the top technology enterprises, Microsoft (NASDAQ:MSFT) might not immediately come to mind as one of the defensive stock picks to consider given the volatility of the space. However, the company’s products have become ingrained in everyday personal and business use.
Relevance: Because millions of people every day depend on Microsoft’s various software programs, it enjoys compelling (if not permanent) relevance. For example, in the realm of desktop operating systems, Microsoft carries a dominant market share of 68.87%. That’s even with intense competition from Apple (NASDAQ:AAPL), making MSFT a top idea among stable investment choices.
Pros: Fundamentally, investors can depend on the company’s solid and predictable three-year revenue growth rate of 15.1%. Also, it consistently prints positive figures on the bottom line, enabling the firm to provide modest passive income.
Cons: Although MSFT carries a consensus strong buy view, the core consumer tech field attracts heated competition. Therefore, the reward potential implied with the analyst price target of $415.75 carries some risk.
Procter & Gamble (PG)
Source: rblfmr/ShutterStock.com
What it is: A multinational consumer goods company, Procter & Gamble (NYSE:PG) ranks among the economic safety stocks thanks to providing everyday essentials. Under the company’s massive umbrella, you’ll find popular brands such as Pampers, Bounce, Charmin and Gillette. Since there will likely never be a time when consumer won’t need personal care and cleaning products, P&G benefits from predictability.
Relevance: Fundamentally, P&G leverages brand awareness and loyalty. With millions of people having grown up with these name-brand products, a natural gravitation exists. Further, the company enjoys business predictability. Its three-year revenue growth rate of 6.9%, while not earthshattering, represents a slightly better-than-average top-line expansion compared to the rest of the industry.
Pros: P&G is one of the top defensive stock picks because it leverages a captive-audience advantage. People need consumer goods and P&G carries name recognition. It also offers a forward yield of 2.59%.
Cons: If the economy continues to worsen, the aforementioned consumer loyalty may come under threat. That means consumers may just buy based purely on price, which could negatively impact PG stock.
AbbVie (ABBV)
Source: Valeriya Zankovych / Shutterstock.com
What it is: A biopharmaceutical company, AbbVie (NYSE:ABBV) develops and markets innovative medicines across various therapeutic areas. These include immunology, oncology and neuroscience. The company gained considerable awareness thanks to its buyout of Allergan, which gives AbbVie control of Botox. ABBV has been off to a rough start although it appears momentum is finally pick up late in 2023.
Relevance: Due to its biopharma business, AbbVie may enjoy some insulation. Of course, no enterprise nor industry offers complete insulation. However, when people get sick, they must seek treatment irrespective of market or economic conditions. Further, as I’ve stated many times before, AbbVie’s Botox could be a huge deal. According to Grand View Research, the underlying global botulinum toxin market could hit sector revenue of $21.1 billion in 2030.
Pros: Currently, analysts rate ABBV as a consensus moderate buy with a $170.25 average price target. Also, the company carries a forward yield of 4.15%.
Cons: Sector wise, the biopharma space can be volatile due to complex regulatory requirements and ever-intense competition. Also, price action has been April 2022.
PepsiCo (PEP)
Source: FotograFFF / Shutterstock
What it is: A multinational food, beverage, and snack company, PepsiCo (NASDAQ:PEP) is one of the more popular ideas for economic safety stocks. That’s because consumers inherently gravitate toward many of its brands, which include Gatorade, Frito-Lay and of course Pepsi. Further, the company’s products are cheap and may benefit from the trade-down effect.
Relevance: As just stated above, the trade-down effect – which may see consumers avoiding pricey eateries and retail beverage establishments for products carried in grocery aisles – may hugely reward PEP. Since the broader Pepsi brand carries so much recognition and pop-culture cachet, consumers trust the name. Therefore, PEP makes a compelling case for defensive stock picks.
Pros: PepsiCo carries a solid three-year revenue growth rate of 9.3% and it’s consistently profitable. These factors lead to a forward yield of 3.05%. Also, analysts peg PEP a moderate buy with a $189.67 average price target.
Cons: PepsiCo may suffer from competition from new entrants in the space. Also, its price/earnings-to-growth (PEG) ratio is way overheated at 5.52x.
Johnson & Johnson (JNJ)
Source: Alexander Tolstykh / Shutterstock.com
What it is: One of the most powerful names among defensive stock picks, Johnson & Johnson (NYSE:JNJ) is a multinational pharmaceutical and medical device specialist. After spinning off its consumer healthcare products line, the company can now focus efficiently on its advanced business units.
Relevance: As stated earlier with AbbVie, one of the key benefits of J&J moving forward is relative economic mitigation. When people need advanced medical solutions, they’re really thinking about themselves and their families. So, every effort will generally be made to secure effective treatment regimens. That makes JNJ a solid candidate for economic safety stocks.
Pros: From a financial perspective, J&J offers strong margins across the board. In particular, its net margin stands at a whopping 32.51%, above almost 96% of its peers. Further, the company rewards stakeholders with a forward yield of 3.08%. It’s even undervalued, with shares trading at only 11.46X trailing earnings.
Cons: Frankly, J&J’s three-year revenue growth rate of 5.2% could use some work because it’s below average for the industry. Also, it’s been printing disappointing market performances since August 2021.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post Economic Safety Nets: 7 Defensive Stocks Providing Portfolio Stability 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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Relevance: As just stated above, the trade-down effect – which may see consumers avoiding pricey eateries and retail beverage establishments for products carried in grocery aisles – may hugely reward PEP. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Economic Safety Nets: 7 Defensive Stocks Providing Portfolio Stability appeared first on InvestorPlace.
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Lowe’s (LOW) Source: Helen89 / Shutterstock.com What it is: A top-tier enterprise in the home improvement sector, Lowe’s (NYSE:LOW) makes a natural case for economic safety stocks. Pros: Fundamentally, investors can depend on the company’s solid and predictable three-year revenue growth rate of 15.1%. Procter & Gamble (PG) Source: rblfmr/ShutterStock.com What it is: A multinational consumer goods company, Procter & Gamble (NYSE:PG) ranks among the economic safety stocks thanks to providing everyday essentials.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Although investors have some evidence of a possible economic recovery, they should still consider defensive stock picks. Lowe’s (LOW) Source: Helen89 / Shutterstock.com What it is: A top-tier enterprise in the home improvement sector, Lowe’s (NYSE:LOW) makes a natural case for economic safety stocks. Procter & Gamble (PG) Source: rblfmr/ShutterStock.com What it is: A multinational consumer goods company, Procter & Gamble (NYSE:PG) ranks among the economic safety stocks thanks to providing everyday essentials.
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However, the company offers relevant products and services. Therefore, the reward potential implied with the analyst price target of $415.75 carries some risk. Further, the company enjoys business predictability.
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712144.0
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2023-12-13 00:00:00 UTC
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Implied MDY Analyst Target Price: $537
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https://www.nasdaq.com/articles/implied-mdy-analyst-target-price%3A-%24537
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P MIDCAP 400 ETF Trust ETF (Symbol: MDY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $536.95 per unit.
With MDY trading at a recent price near $483.28 per unit, that means that analysts see 11.11% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of MDY's underlying holdings with notable upside to their analyst target prices are Wolfspeed Inc (Symbol: WOLF), Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI), and MAXIMUS Inc. (Symbol: MMS). Although WOLF has traded at a recent price of $37.59/share, the average analyst target is 19.89% higher at $45.07/share. Similarly, OLLI has 18.79% upside from the recent share price of $72.82 if the average analyst target price of $86.50/share is reached, and analysts on average are expecting MMS to reach a target price of $100.50/share, which is 17.78% above the recent price of $85.33. Below is a twelve month price history chart comparing the stock performance of WOLF, OLLI, and MMS:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
SPDR S&P MIDCAP 400 ETF Trust ETF MDY $483.28 $536.95 11.11%
Wolfspeed Inc WOLF $37.59 $45.07 19.89%
Ollie's Bargain Outlet Holdings Inc OLLI $72.82 $86.50 18.79%
MAXIMUS Inc. MMS $85.33 $100.50 17.78%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
LKFN Stock Predictions
QUS YTD Return
OCDX 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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SPDR S&P MIDCAP 400 ETF Trust ETF MDY $483.28 $536.95 11.11% Wolfspeed Inc WOLF $37.59 $45.07 19.89% Ollie's Bargain Outlet Holdings Inc OLLI $72.82 $86.50 18.79% MAXIMUS Inc. MMS $85.33 $100.50 17.78% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? 10 ETFs With Most Upside To Analyst Targets » Also see: LKFN Stock Predictions QUS YTD Return OCDX 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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Three of MDY's underlying holdings with notable upside to their analyst target prices are Wolfspeed Inc (Symbol: WOLF), Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI), and MAXIMUS Inc. (Symbol: MMS). Similarly, OLLI has 18.79% upside from the recent share price of $72.82 if the average analyst target price of $86.50/share is reached, and analysts on average are expecting MMS to reach a target price of $100.50/share, which is 17.78% above the recent price of $85.33. SPDR S&P MIDCAP 400 ETF Trust ETF MDY $483.28 $536.95 11.11% Wolfspeed Inc WOLF $37.59 $45.07 19.89% Ollie's Bargain Outlet Holdings Inc OLLI $72.82 $86.50 18.79% MAXIMUS Inc. MMS $85.33 $100.50 17.78% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, OLLI has 18.79% upside from the recent share price of $72.82 if the average analyst target price of $86.50/share is reached, and analysts on average are expecting MMS to reach a target price of $100.50/share, which is 17.78% above the recent price of $85.33. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With MDY trading at a recent price near $483.28 per unit, that means that analysts see 11.11% upside for this ETF looking through to the average analyst targets of the underlying holdings. SPDR S&P MIDCAP 400 ETF Trust ETF MDY $483.28 $536.95 11.11% Wolfspeed Inc WOLF $37.59 $45.07 19.89% Ollie's Bargain Outlet Holdings Inc OLLI $72.82 $86.50 18.79% MAXIMUS Inc. MMS $85.33 $100.50 17.78% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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e874d061-3709-4ff6-8177-ed5de5691913
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712145.0
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2023-12-13 00:00:00 UTC
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Here is What to Know Beyond Why Perion Network Ltd (PERI) is a Trending Stock
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DCOMP
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-perion-network-ltd-peri-is-a-trending-stock
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nan
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nan
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Perion Network (PERI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this digital media company have returned +4.5%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Internet - Content industry, which Perion Network falls in, has gained 13.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Perion Network is expected to post earnings of $0.97 per share for the current quarter, representing a year-over-year change of +7.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $3.27 points to a change of +32.4% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $3.30 indicates a change of +1% from what Perion Network is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Perion Network is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Perion Network, the consensus sales estimate for the current quarter of $232.56 million indicates a year-over-year change of +10.9%. For the current and next fiscal years, $741.49 million and $829.86 million estimates indicate +15.8% and +11.9% changes, respectively.
Last Reported Results and Surprise History
Perion Network reported revenues of $185.31 million in the last reported quarter, representing a year-over-year change of +16.8%. EPS of $0.84 for the same period compares with $0.61 a year ago.
Compared to the Zacks Consensus Estimate of $184.48 million, the reported revenues represent a surprise of +0.45%. The EPS surprise was +10.53%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Perion Network is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Perion Network. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Perion Network Ltd (PERI) : 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 The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Perion Network. 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.
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For the next fiscal year, the consensus earnings estimate of $3.30 indicates a change of +1% from what Perion Network is expected to report a year ago. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Perion Network reported revenues of $185.31 million in the last reported quarter, representing a year-over-year change of +16.8%.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Perion Network is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $184.48 million, the reported revenues represent a surprise of +0.45%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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092fd91b-57f0-472e-bf5d-a671505bb8b7
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712146.0
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2023-12-13 00:00:00 UTC
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Occidental Petroleum Corporation (OXY) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/occidental-petroleum-corporation-oxy-is-attracting-investor-attention%3A-here-is-what-you-10
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nan
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nan
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Occidental Petroleum (OXY) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this oil and gas exploration and production company have returned -10% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Oil and Gas - Integrated - United States industry, to which Occidental belongs, has lost 4.5% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Occidental is expected to post earnings of $1.15 per share for the current quarter, representing a year-over-year change of -28.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -11.3%.
For the current fiscal year, the consensus earnings estimate of $4.10 points to a change of -56.2% from the prior year. Over the last 30 days, this estimate has changed -0.1%.
For the next fiscal year, the consensus earnings estimate of $5.61 indicates a change of +36.7% from what Occidental is expected to report a year ago. Over the past month, the estimate has changed -0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Occidental.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Occidental, the consensus sales estimate of $7.52 billion for the current quarter points to a year-over-year change of -9.7%. The $28.74 billion and $30.63 billion estimates for the current and next fiscal years indicate changes of -22.5% and +6.6%, respectively.
Last Reported Results and Surprise History
Occidental reported revenues of $7.4 billion in the last reported quarter, representing a year-over-year change of -22.1%. EPS of $1.18 for the same period compares with $2.44 a year ago.
Compared to the Zacks Consensus Estimate of $7.19 billion, the reported revenues represent a surprise of +2.85%. The EPS surprise was +32.58%.
Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates just once over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Occidental is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Occidental. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Occidental Petroleum Corporation (OXY) : 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 The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Occidental. 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.
|
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Last Reported Results and Surprise History Occidental reported revenues of $7.4 billion in the last reported quarter, representing a year-over-year change of -22.1%. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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And if earnings estimates go up for a company, the fair value for its stock goes up. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Occidental. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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4d94e35d-447c-495c-a7ae-3dbbe3a3ea39
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712147.0
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2023-12-13 00:00:00 UTC
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Is Trending Stock Chevron Corporation (CVX) a Buy Now?
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DCOMP
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https://www.nasdaq.com/articles/is-trending-stock-chevron-corporation-cvx-a-buy-now-6
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nan
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nan
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Chevron (CVX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this oil company have returned -1.8% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Oil and Gas - Integrated - International industry, to which Chevron belongs, has lost 1.9% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Chevron is expected to post earnings of $3.60 per share for the current quarter, representing a year-over-year change of -12%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.9%.
The consensus earnings estimate of $13.27 for the current fiscal year indicates a year-over-year change of -29.5%. This estimate has changed -2.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $15.28 indicates a change of +15.1% from what Chevron is expected to report a year ago. Over the past month, the estimate has changed +2.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Chevron is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Chevron, the consensus sales estimate for the current quarter of $54.87 billion indicates a year-over-year change of -2.8%. For the current and next fiscal years, $208.64 billion and $226.05 billion estimates indicate -15.3% and +8.4% changes, respectively.
Last Reported Results and Surprise History
Chevron reported revenues of $54.08 billion in the last reported quarter, representing a year-over-year change of -18.9%. EPS of $3.05 for the same period compares with $5.56 a year ago.
Compared to the Zacks Consensus Estimate of $54 billion, the reported revenues represent a surprise of +0.15%. The EPS surprise was -17.12%.
Over the last four quarters, Chevron surpassed consensus EPS estimates two times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Chevron is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chevron. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Chevron Corporation (CVX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. 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.
|
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Chevron reported revenues of $54.08 billion in the last reported quarter, representing a year-over-year change of -18.9%. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
|
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Chevron is rated Zacks Rank #3 (Hold). While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $54 billion, the reported revenues represent a surprise of +0.15%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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fc635c44-4134-4385-b6bc-f1808316a857
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712148.0
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2023-12-13 00:00:00 UTC
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Enterprise Products Partners L.P. (EPD) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/enterprise-products-partners-l.p.-epd-is-attracting-investor-attention%3A-here-is-what-you-9
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nan
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nan
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Enterprise Products Partners (EPD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this provider of midstream energy services have returned -0.8%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Oil and Gas - Production Pipeline - MLB industry, which Enterprise Products falls in, has gained 0.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Enterprise Products is expected to post earnings of $0.66 per share for the current quarter, representing a year-over-year change of +1.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.4%.
For the current fiscal year, the consensus earnings estimate of $2.48 points to a change of -1.6% from the prior year. Over the last 30 days, this estimate has changed -1.2%.
For the next fiscal year, the consensus earnings estimate of $2.61 indicates a change of +5.2% from what Enterprise Products is expected to report a year ago. Over the past month, the estimate has changed -2.3%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enterprise Products.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Enterprise Products, the consensus sales estimate of $12.87 billion for the current quarter points to a year-over-year change of -5.7%. The $48.31 billion and $52.37 billion estimates for the current and next fiscal years indicate changes of -17% and +8.4%, respectively.
Last Reported Results and Surprise History
Enterprise Products reported revenues of $12 billion in the last reported quarter, representing a year-over-year change of -22.4%. EPS of $0.60 for the same period compares with $0.63 a year ago.
Compared to the Zacks Consensus Estimate of $12.34 billion, the reported revenues represent a surprise of -2.78%. The EPS surprise was -4.76%.
Over the last four quarters, Enterprise Products surpassed consensus EPS estimates two times. The company could not beat consensus revenue estimates in any of the last four quarters.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enterprise Products is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enterprise Products. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Enterprise Products Partners L.P. (EPD) : 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 The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enterprise Products. 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.
|
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Enterprise Products reported revenues of $12 billion in the last reported quarter, representing a year-over-year change of -22.4%. Click to get this free report Enterprise Products Partners L.P. (EPD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enterprise Products. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enterprise Products. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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435c6cca-eeaf-47d8-b914-561103666d3f
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712149.0
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2023-12-13 00:00:00 UTC
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Eli Lilly and Company (LLY) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/eli-lilly-and-company-lly-is-attracting-investor-attention%3A-here-is-what-you-should-know-8
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nan
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nan
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Eli Lilly (LLY) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this drugmaker have returned -4.3%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Large Cap Pharmaceuticals industry, which Lilly falls in, has gained 1.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Lilly is expected to post earnings of $2.79 per share for the current quarter, representing a year-over-year change of +33.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.8%.
For the current fiscal year, the consensus earnings estimate of $6.62 points to a change of -16.6% from the prior year. Over the last 30 days, this estimate has changed -0.1%.
For the next fiscal year, the consensus earnings estimate of $12.57 indicates a change of +89.9% from what Lilly is expected to report a year ago. Over the past month, the estimate has changed -0.6%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Lilly is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Lilly, the consensus sales estimate for the current quarter of $8.87 billion indicates a year-over-year change of +21.5%. For the current and next fiscal years, $33.6 billion and $39.31 billion estimates indicate +17.7% and +17% changes, respectively.
Last Reported Results and Surprise History
Lilly reported revenues of $9.5 billion in the last reported quarter, representing a year-over-year change of +36.8%. EPS of $0.10 for the same period compares with $1.98 a year ago.
Compared to the Zacks Consensus Estimate of $8.88 billion, the reported revenues represent a surprise of +6.97%. The EPS surprise was +225%.
Over the last four quarters, Lilly surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Lilly is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Lilly. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Eli Lilly and Company (LLY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. 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.
|
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Lilly reported revenues of $9.5 billion in the last reported quarter, representing a year-over-year change of +36.8%. Click to get this free report Eli Lilly and Company (LLY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Lilly is rated Zacks Rank #3 (Hold). Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $8.88 billion, the reported revenues represent a surprise of +6.97%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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3263ad93-18a8-41a2-9a0c-5db1c75c1fff
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712150.0
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2023-12-13 00:00:00 UTC
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Diversified Healthcare Trust (DHC) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/diversified-healthcare-trust-dhc-is-attracting-investor-attention%3A-here-is-what-you-0
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nan
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nan
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Diversified Healthcare (DHC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this residential care real estate investment trust have returned +8.6% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks REIT and Equity Trust - Other industry, to which Diversified Healthcare belongs, has gained 12.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Diversified Healthcare is expected to post earnings of $0.07 per share for the current quarter, representing a year-over-year change of +133.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $0.25 points to a change of +256.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $0.40 indicates a change of +60% from what Diversified Healthcare is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Diversified Healthcare is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Diversified Healthcare, the consensus sales estimate for the current quarter of $360.14 million indicates a year-over-year change of +6.9%. For the current and next fiscal years, $1.41 billion and $1.51 billion estimates indicate +9.8% and +6.9% changes, respectively.
Last Reported Results and Surprise History
Diversified Healthcare reported revenues of $356.52 million in the last reported quarter, representing a year-over-year change of +10.4%. EPS of -$0.28 for the same period compares with -$0.06 a year ago.
Compared to the Zacks Consensus Estimate of $359.63 million, the reported revenues represent a surprise of -0.86%. The EPS surprise was -57.14%.
Over the last four quarters, the company surpassed EPS estimates just once. The company could not beat consensus revenue estimates in any of the last four quarters.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Diversified Healthcare is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Diversified Healthcare. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
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
Diversified Healthcare Trust (DHC) : 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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Shares of this residential care real estate investment trust have returned +8.6% over the past month versus the Zacks S&P 500 composite's +5.4% change. Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Diversified Healthcare. 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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For the next fiscal year, the consensus earnings estimate of $0.40 indicates a change of +60% from what Diversified Healthcare is expected to report a year ago. Last Reported Results and Surprise History Diversified Healthcare reported revenues of $356.52 million in the last reported quarter, representing a year-over-year change of +10.4%. Click to get this free report Diversified Healthcare Trust (DHC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Diversified Healthcare is rated Zacks Rank #4 (Sell). While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. EPS of -$0.28 for the same period compares with -$0.06 a year ago. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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bd8d87df-6fc4-414f-82ea-b814bd61a264
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712151.0
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2023-12-13 00:00:00 UTC
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Energy Transfer LP (ET) Is a Trending Stock: Facts to Know Before Betting on It
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DCOMP
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https://www.nasdaq.com/articles/energy-transfer-lp-et-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-8
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nan
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nan
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Energy Transfer LP (ET) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this energy-related services provider have returned -0.5%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Oil and Gas - Production Pipeline - MLB industry, which Energy Transfer LP falls in, has gained 0.7%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Energy Transfer LP is expected to post earnings of $0.28 per share for the current quarter, representing a year-over-year change of -17.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -10.7%.
The consensus earnings estimate of $1.04 for the current fiscal year indicates a year-over-year change of -26.2%. This estimate has changed -6.7% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $1.16 indicates a change of +11.5% from what Energy Transfer LP is expected to report a year ago. Over the past month, the estimate has changed -13.6%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Energy Transfer LP.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Energy Transfer LP, the consensus sales estimate of $23.44 billion for the current quarter points to a year-over-year change of +14.3%. The $81.96 billion and $96.94 billion estimates for the current and next fiscal years indicate changes of -8.8% and +18.3%, respectively.
Last Reported Results and Surprise History
Energy Transfer LP reported revenues of $20.74 billion in the last reported quarter, representing a year-over-year change of -9.6%. EPS of $0.31 for the same period compares with $0.30 a year ago.
Compared to the Zacks Consensus Estimate of $21.68 billion, the reported revenues represent a surprise of -4.34%. The EPS surprise was +6.9%.
Over the last four quarters, the company surpassed EPS estimates just once. The company could not beat consensus revenue estimates in any of the last four quarters.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Energy Transfer LP is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Energy Transfer LP. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Energy Transfer LP (ET) : 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 The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Energy Transfer LP. 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.
|
For the next fiscal year, the consensus earnings estimate of $1.16 indicates a change of +11.5% from what Energy Transfer LP is expected to report a year ago. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Energy Transfer LP reported revenues of $20.74 billion in the last reported quarter, representing a year-over-year change of -9.6%.
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With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Energy Transfer LP. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $21.68 billion, the reported revenues represent a surprise of -4.34%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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5030f375-d181-49c4-a365-12fc142d72b7
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712152.0
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2023-12-13 00:00:00 UTC
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The Aaron's Company, Inc. (AAN) Is a Trending Stock: Facts to Know Before Betting on It
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DCOMP
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https://www.nasdaq.com/articles/the-aarons-company-inc.-aan-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-1
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nan
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nan
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Aaron's Company, Inc. (AAN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this specialty retail have returned +23.6% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Consumer Services - Miscellaneous industry, to which Aaron's belongs, has gained 5.4% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Aaron's is expected to post earnings of $0.03 per share for the current quarter, representing a year-over-year change of -66.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $1.09 points to a change of -47.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $0.99 indicates a change of -9.3% from what Aaron's is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Aaron's is rated Zacks Rank #5 (Strong Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Aaron's, the consensus sales estimate for the current quarter of $542.88 million indicates a year-over-year change of -7.9%. For the current and next fiscal years, $2.15 billion and $2.2 billion estimates indicate -4.3% and +2.1% changes, respectively.
Last Reported Results and Surprise History
Aaron's reported revenues of $525.68 million in the last reported quarter, representing a year-over-year change of -11.4%. EPS of $0.01 for the same period compares with $0.31 a year ago.
Compared to the Zacks Consensus Estimate of $537.29 million, the reported revenues represent a surprise of -2.16%. The EPS surprise was -83.33%.
Over the last four quarters, Aaron's surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Aaron's is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Aaron's. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term.
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
The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. 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.
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Last Reported Results and Surprise History Aaron's reported revenues of $525.68 million in the last reported quarter, representing a year-over-year change of -11.4%. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. EPS of $0.01 for the same period compares with $0.31 a year ago. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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7cd93160-edc5-4a96-850e-8512907a51a7
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712153.0
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2023-12-13 00:00:00 UTC
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3 Reasons to Buy British American Tobacco Stock Like There's No Tomorrow
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DCOMP
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https://www.nasdaq.com/articles/3-reasons-to-buy-british-american-tobacco-stock-like-theres-no-tomorrow
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nan
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nan
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The chief argument against owning any tobacco stock these days is undeniably solid: Smoking is on its way out. Although the prevalence of smokers has been dwindling for years, sheer population growth has kept the industry moving forward anyway. Now, however, smoking cessation efforts have finally and fully caught up with the habit. The World Health Organization believes the worldwide number of smokers currently stands at a little less than 1.3 billion, down from 2015's count of 1.32 billion, en route to an estimated 1.27 billion by 2025. Assuming this trend persists, the number will eventually reach levels that simply aren't big enough to keep tobacco companies in business.
Yet it may be far too soon for investors to give up on tobacco giant British American Tobacco (NYSE: BTI). Indeed, there are three key reasons you might even want to make a point of stepping into this prospect sooner rather than later.
1. British American is self-managing the demise of tobacco
With just a superficial look the backdrop is grim. Smoking is on the defensive, and cigarettes still account for more than 80% of British American's business -- a business that contracted nearly 5% during the first half of this year (as measured by unit volume), extending a trend that's been underway for some time now.
The company's at least partly responsible for the very headwind it's facing. Recognizing smokers are increasingly interested in kicking the tobacco habit, British American now offers a variety of vaping and tobacco-heating alternatives that are generally believed to be safer than outright inhaling smoke. Vuse and Glo are British American Tobacco brands of vaping and heated tobacco devices, respectively.
These new categories still only account for a fraction of the tobacco giant's business, and they may never fully replace traditional cigarette revenue. After all, vaping has its own health-related concerns.
However, with vaping product sales up 9% year over year through the first half of the year, while heated-tobacco product sales were up 15.7%, British American Tobacco could readily fend off the impact of smoking cessation efforts for a long time.
Let's also not forget that even if the World Health Organization's outlook is on target, that still leaves well over 1 billion smokers around for many, many more years. It might be a shrinking business, but it's shrinking at a snail's pace.
2. The stock's current dividend yield is enormous
Not only is the tobacco business shrinking at a snail's pace, but it also remains incredibly profitable despite the headwind. More than 40% of British American's revenue is regularly turned into operating income, while around 20% of its top line trickles down to its after-tax bottom line.
Profits are obviously important for any company to produce. Reliable profits like this are particularly important, however, for dividend-paying companies like British American to generate. Its dividend payments have to be funded somehow, after all.
To this end, only about two-thirds of the tobacco giant's earnings are dished out as dividend payments. The remainder can be reinvested in growth, new product development, to repurchase shares, or simply serve as a buffer against future fiscal turbulence.
And that's an important detail to understand about this stock's unusually high dividend yield of 9.6% -- it is sustainable. Although the stock's subpar performance keeping its yield so high understandably reflects the company's lack of long-term growth prospects, it also arguably undervalues British American Tobacco's capacity to continue dishing out cash payments for a long, long while.
3. Value stocks like this one may be about to shine
Last but not least, British American is a value stock at a time when value stocks could outperform most growth stocks.
Growth stocks' incredible market-leading performance over the past several years is almost intoxicating. But it wasn't the norm. Much of this strength was rooted in the fact that interest rates were at rock-bottom levels for the better part of the period between 2008 and early last year. Lower borrowing costs are beneficial for consumers and corporations alike, but they're especially beneficial to high-growth companies that can do something constructive with borrowed money.
Interest rates aren't so low any longer. Even if they do dwindle as expected beginning next year, they're still dwindling from levels not seen since 2007. Loans are going to remain relatively expensive for all borrowers. Slower-growth companies behind most value stocks, however, can handle it better even if only because investors' expectations of them are relatively low.
Rent rather than own
Even with these bullish arguments, interested investors should keep a cautious eye on British American Tobacco. It still faces a variety of challenges that can upend its stock, the chief of which is stronger headwinds on the cigarette front. For instance, just last week it booked a $31.5 billion write-down on its 2017 purchase of Reynolds American, pointing to the United States' increasingly challenging tobacco market. The stock took a sizable hit following the news, reminding shareholders that this is a business with an expiration date, even if that expiration date is years down the road.
The point is, no investor can afford to blindly view this name as a true "forever" holding.
If you understand that British American shares are just down too much of late and are a great source of dividend income at their current price, however, it's a compelling prospect with a little bit of potential for capital appreciation ahead.
It also doesn't hurt that there aren't a ton of other, more attractive options out there right now against a backdrop of high interest rates and with the specter of a recession on the horizon.
Should you invest $1,000 in British American Tobacco P.L.C. right now?
Before you buy stock in British American Tobacco P.L.C., consider this:
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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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Recognizing smokers are increasingly interested in kicking the tobacco habit, British American now offers a variety of vaping and tobacco-heating alternatives that are generally believed to be safer than outright inhaling smoke. For instance, just last week it booked a $31.5 billion write-down on its 2017 purchase of Reynolds American, pointing to the United States' increasingly challenging tobacco market. If you understand that British American shares are just down too much of late and are a great source of dividend income at their current price, however, it's a compelling prospect with a little bit of potential for capital appreciation ahead.
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However, with vaping product sales up 9% year over year through the first half of the year, while heated-tobacco product sales were up 15.7%, British American Tobacco could readily fend off the impact of smoking cessation efforts for a long time. Before you buy stock in British American Tobacco P.L.C., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and British American Tobacco P.L.C. and recommends the following options: long January 2024 $40 calls on British American Tobacco P.L.C., long January 2026 $40 calls on British American Tobacco P.L.C., and short January 2026 $40 puts on British American Tobacco P.L.C.
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Value stocks like this one may be about to shine Last but not least, British American is a value stock at a time when value stocks could outperform most growth stocks. Before you buy stock in British American Tobacco P.L.C., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and British American Tobacco P.L.C. and recommends the following options: long January 2024 $40 calls on British American Tobacco P.L.C., long January 2026 $40 calls on British American Tobacco P.L.C., and short January 2026 $40 puts on British American Tobacco P.L.C.
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The stock's current dividend yield is enormous Not only is the tobacco business shrinking at a snail's pace, but it also remains incredibly profitable despite the headwind. Value stocks like this one may be about to shine Last but not least, British American is a value stock at a time when value stocks could outperform most growth stocks. Before you buy stock in British American Tobacco P.L.C., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and British American Tobacco P.L.C.
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93b4db0f-cb25-4411-9b1a-1db37a6c114f
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712154.0
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2023-12-13 00:00:00 UTC
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Kura Sushi USA, Inc. (KRUS) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/kura-sushi-usa-inc.-krus-is-attracting-investor-attention%3A-here-is-what-you-should-know-2
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nan
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nan
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Kura Sushi (KRUS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this company have returned +11.6%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Retail - Restaurants industry, which Kura Sushi falls in, has gained 5%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Kura Sushi is expected to post a loss of $0.13 per share for the current quarter, representing a year-over-year change of +38.1%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $0.43 points to a change of +207.1% from the prior year. Over the last 30 days, this estimate has changed +5.7%.
For the next fiscal year, the consensus earnings estimate of $0.67 indicates a change of +55.8% from what Kura Sushi is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Kura Sushi is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Kura Sushi, the consensus sales estimate for the current quarter of $52.2 million indicates a year-over-year change of +32.8%. For the current and next fiscal years, $241.15 million and $308 million estimates indicate +28.7% and +27.7% changes, respectively.
Last Reported Results and Surprise History
Kura Sushi reported revenues of $54.93 million in the last reported quarter, representing a year-over-year change of +30.8%. EPS of $0.25 for the same period compares with $0.21 a year ago.
Compared to the Zacks Consensus Estimate of $55.45 million, the reported revenues represent a surprise of -0.94%. The EPS surprise was 0%.
Over the last four quarters, Kura Sushi surpassed consensus EPS estimates two times. The company topped consensus revenue estimates two times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Kura Sushi is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Kura Sushi. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Kura Sushi USA, Inc. (KRUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Kura Sushi. 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.
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For the next fiscal year, the consensus earnings estimate of $0.67 indicates a change of +55.8% from what Kura Sushi is expected to report a year ago. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Kura Sushi reported revenues of $54.93 million in the last reported quarter, representing a year-over-year change of +30.8%.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Kura Sushi is rated Zacks Rank #3 (Hold). Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $55.45 million, the reported revenues represent a surprise of -0.94%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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736bff51-891b-4622-9e37-7e2193c10ab9
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712155.0
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2023-12-13 00:00:00 UTC
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KB Home (KBH) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/kb-home-kbh-is-attracting-investor-attention%3A-here-is-what-you-should-know-1
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nan
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nan
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KB Home (KBH) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this homebuilder have returned +2.3%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Building Products - Home Builders industry, which KB Home falls in, has gained 14%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
KB Home is expected to post earnings of $1.67 per share for the current quarter, representing a year-over-year change of -32.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.4%.
For the current fiscal year, the consensus earnings estimate of $6.88 points to a change of -24.6% from the prior year. Over the last 30 days, this estimate has changed -1.3%.
For the next fiscal year, the consensus earnings estimate of $7.33 indicates a change of +6.5% from what KB Home is expected to report a year ago. Over the past month, the estimate has changed -1.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, KB Home is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For KB Home, the consensus sales estimate for the current quarter of $1.61 billion indicates a year-over-year change of -17.1%. For the current and next fiscal years, $6.34 billion and $6.7 billion estimates indicate -8.1% and +5.5% changes, respectively.
Last Reported Results and Surprise History
KB Home reported revenues of $1.59 billion in the last reported quarter, representing a year-over-year change of -14%. EPS of $1.80 for the same period compares with $2.86 a year ago.
Compared to the Zacks Consensus Estimate of $1.46 billion, the reported revenues represent a surprise of +8.86%. The EPS surprise was +30.43%.
Over the last four quarters, KB Home surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
KB Home is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about KB Home. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
KB Home (KBH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about KB Home. 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.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History KB Home reported revenues of $1.59 billion in the last reported quarter, representing a year-over-year change of -14%. Click to get this free report KB Home (KBH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, KB Home is rated Zacks Rank #3 (Hold). Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $1.46 billion, the reported revenues represent a surprise of +8.86%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b6a0b770-9b39-4a3b-8f6f-590807f0aae3
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712156.0
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2023-12-13 00:00:00 UTC
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Owens Corning Inc (OC) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/owens-corning-inc-oc-is-attracting-investor-attention%3A-here-is-what-you-should-know-0
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nan
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nan
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Owens Corning (OC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this construction materials company have returned +9.7%, compared to the Zacks S&P 500 composite's +5.4% change. During this period, the Zacks Building Products - Miscellaneous industry, which Owens Corning falls in, has gained 12.2%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Owens Corning is expected to post earnings of $2.79 per share for the current quarter, representing a year-over-year change of +12.1%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.2%.
For the current fiscal year, the consensus earnings estimate of $13.86 points to a change of +7.6% from the prior year. Over the last 30 days, this estimate has changed +0.8%.
For the next fiscal year, the consensus earnings estimate of $13.84 indicates a change of -0.1% from what Owens Corning is expected to report a year ago. Over the past month, the estimate has changed +1.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Owens Corning is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Owens Corning, the consensus sales estimate for the current quarter of $2.22 billion indicates a year-over-year change of -2.7%. For the current and next fiscal years, $9.6 billion and $9.61 billion estimates indicate -1.6% and +0.1% changes, respectively.
Last Reported Results and Surprise History
Owens Corning reported revenues of $2.48 billion in the last reported quarter, representing a year-over-year change of -2%. EPS of $4.15 for the same period compares with $3.57 a year ago.
Compared to the Zacks Consensus Estimate of $2.52 billion, the reported revenues represent a surprise of -1.68%. The EPS surprise was +9.79%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Owens Corning is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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.
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Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Owens Corning. 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.
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For the next fiscal year, the consensus earnings estimate of $13.84 indicates a change of -0.1% from what Owens Corning is expected to report a year ago. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Owens Corning reported revenues of $2.48 billion in the last reported quarter, representing a year-over-year change of -2%.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Owens Corning is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $2.52 billion, the reported revenues represent a surprise of -1.68%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b4ca9cee-4365-4f5c-9670-0b21fb25adf2
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712157.0
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2023-12-13 00:00:00 UTC
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Is Trending Stock Vipshop Holdings Limited (VIPS) a Buy Now?
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DCOMP
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https://www.nasdaq.com/articles/is-trending-stock-vipshop-holdings-limited-vips-a-buy-now-0
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nan
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nan
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Vipshop Holdings Limited (VIPS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this company have returned +6% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Internet - Delivery Services industry, to which Vipshop Holdings Limited belongs, has gained 15.1% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Vipshop Holdings Limited is expected to post earnings of $0.74 per share, indicating a change of +39.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +8.5% over the last 30 days.
The consensus earnings estimate of $2.30 for the current fiscal year indicates a year-over-year change of +48.4%. This estimate has changed +5.7% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.58 indicates a change of +12.2% from what Vipshop Holdings Limited is expected to report a year ago. Over the past month, the estimate has changed +8.9%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Vipshop Holdings Limited.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Vipshop Holdings Limited, the consensus sales estimate of $4.67 billion for the current quarter points to a year-over-year change of +1.3%. The $15.47 billion and $16.45 billion estimates for the current and next fiscal years indicate changes of +1.2% and +6.4%, respectively.
Last Reported Results and Surprise History
Vipshop Holdings Limited reported revenues of $3.12 billion in the last reported quarter, representing a year-over-year change of +2.7%. EPS of $0.46 for the same period compares with $0.36 a year ago.
Compared to the Zacks Consensus Estimate of $3.08 billion, the reported revenues represent a surprise of +1.28%. The EPS surprise was +15%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Vipshop Holdings Limited is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Vipshop Holdings Limited. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Vipshop Holdings Limited (VIPS) : 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 The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Vipshop Holdings Limited. 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.
|
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Last Reported Results and Surprise History Vipshop Holdings Limited reported revenues of $3.12 billion in the last reported quarter, representing a year-over-year change of +2.7%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Vipshop Holdings Limited. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Vipshop Holdings Limited. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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f2fed2b3-97ab-44a2-aa78-f3e1bfae434e
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712158.0
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2023-12-13 00:00:00 UTC
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This Artificial Intelligence (AI) Company Just Took a Page Out of Palantir's Playbook
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DCOMP
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https://www.nasdaq.com/articles/this-artificial-intelligence-ai-company-just-took-a-page-out-of-palantirs-playbook
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nan
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nan
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Earlier this year, artificial intelligence (AI) and big data analytics company Palantir revealed a creative customer acquisition strategy. Namely, Palantir is hosting immersive bootcamps during which prospective customers can use and test the company's suite of software products. The goal of these bootcamps is to help customers identify use cases for artificial intelligence (AI) as the technology becomes more of a focal point in IT budgets.
One company that is closely affiliated with Palantir is data storage platform Snowflake (NYSE: SNOW). After reporting a mixed third-quarter earnings report, Snowflake just announced that it has some tricks up its sleeve in an effort to curb Wall Street's concerns. Let's dig into what Snowflake is doing, and more importantly why the company is acting now.
How is Snowflake copying Palantir?
Just this week Snowflake posted on X (formerly Twitter) that the company will be hosting its own bootcamps. These workshops are geared toward enterprises that are analyzing how large language models (LLMs) can be integrated into operations. But more importantly, the company is teaching these prospective clients how generative AI can be used on Snowflake's own platform. Just like with Palantir, these bootcamps are meant to serve as a source of lead generation -- and they couldn't be coming at a more important time.
Image Source: Getty Images
How can these bootcamps help Snowflake?
Snowflake is a software-as-a-service (SaaS) business. SaaS companies tend to be scrutinized by investors on metrics that go beyond the traditional financial statements. One important figure for SaaS companies is net retention, which measures how much revenue the company retains net of any churn it experiences. If this ratio is above 100%, this implies that the business is retaining and expanding revenue at a quicker rate than churn. The table below illustrates Snowflake's net retention over the past year:
FIGURE Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24
Net Revenue Retention 166% 158% 151% 142% 135%
Data Source: Snowflake Q3 Fiscal 2024 Investor Presentation
The trend here is easy to spot. Snowflake's net revenue retention (NRR) has declined for five consecutive quarters. To make matters more concerning, investors should take a peak at the company's revenue growth rates as well:
FIGURE Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24
Total Revenue Growth Rate 67% 53% 48% 36% 32%
Data Source: Snowflake Q3 Fiscal 2024 Investor Presentation
The combination of revenue decelerating and NRR shrinking doesn't exactly instill confidence. But with that said, I don't think it's time to panic just yet. Keep in mind that macroeconomic factors such as high inflation and interest rates have impacted businesses of all sizes. Even large enterprises, which are Snowflake's target customers, have taken a step back to assess operating budgets. As a result, many corporations have gotten leaner by reducing expenses.
Furthermore, the sales cycle for new products and services has gotten longer as decision makers are operating with fewer dollars to spend. Enterprise software has not been immune to this dynamic.
This is why I think these bootcamps are more important than ever. During Palantir's Q3earnings call management explained that it hosted more than 140 bootcamps just in November. And interestingly, these workshops were for both new and existing customers. Given Palantir's latest financial report, it's clear that the bootcamps are not only creating demand but spurring faster customer adoption, as evidenced by the company's client growth.
It's obvious that Snowflake has seen the tailwinds Palantir's hands-on approach with customers has generated, and is now looking to mimic the strategy.
Is Snowflake stock a buy?
SNOW PS Ratio data by YCharts
The chart above illustrates Snowflake's price-to-sales (P/S) ratio benchmarked against a cohort of other enterprise SaaS names. Snowflake's P/S multiple of 23 is not only the highest among these names, but it's significantly higher than that of the next closet competitor, Datadog. Considering the pace at which Snowflake's revenue is decelerating coupled with its falling NRR, it's hard to justify such a premium.
SNOW Free Cash Flow (Quarterly) data by YCharts
One thing that does look encouraging is Snowflake's free cash flow. While it's volatile, it has been consistently positive for several quarters. This could imply that the company is exercising disciplined cost measures despite a slowdown in business and a tough economic environment. Moreover, by generating strong cash flow, Snowflake is able to invest back in the business -- precisely what it is doing with these bootcamps.
While the jury is still out on whether Snowflake's bootcamps will result in similar demand to that of Palantir, I'd say it's worth a try. These workshops could help speed up the sales process, which in theory would result in accelerated customer acquisition and revenue growth. By capturing customers earlier in their digital transformation journey, Snowflake has the opportunity to expand these client relationships over time and strengthen its NRR profile. Should revenue return to more robust growth rates, it's likely that operating margins will expand and cash flow will increase.
While Snowflake stock doesn't look cheap, owning shares in the company could be viewed like a long-term call option on the themes of big data and artificial intelligence (AI). If you're bullish on the prospects of AI, then a position in Snowflake could be worth a look.
Should you invest $1,000 in Snowflake right now?
Before you buy stock in Snowflake, consider this:
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*Stock Advisor returns as of December 7, 2023
Adam Spatacco has positions in Palantir Technologies. The Motley Fool has positions in and recommends Datadog, Palantir Technologies, and Snowflake. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earlier this year, artificial intelligence (AI) and big data analytics company Palantir revealed a creative customer acquisition strategy. Given Palantir's latest financial report, it's clear that the bootcamps are not only creating demand but spurring faster customer adoption, as evidenced by the company's client growth. While Snowflake stock doesn't look cheap, owning shares in the company could be viewed like a long-term call option on the themes of big data and artificial intelligence (AI).
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Earlier this year, artificial intelligence (AI) and big data analytics company Palantir revealed a creative customer acquisition strategy. Net Revenue Retention 166% 158% 151% 142% 135% Data Source: Snowflake Q3 Fiscal 2024 Investor Presentation The trend here is easy to spot. Total Revenue Growth Rate 67% 53% 48% 36% 32% Data Source: Snowflake Q3 Fiscal 2024 Investor Presentation The combination of revenue decelerating and NRR shrinking doesn't exactly instill confidence.
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Total Revenue Growth Rate 67% 53% 48% 36% 32% Data Source: Snowflake Q3 Fiscal 2024 Investor Presentation The combination of revenue decelerating and NRR shrinking doesn't exactly instill confidence. While Snowflake stock doesn't look cheap, owning shares in the company could be viewed like a long-term call option on the themes of big data and artificial intelligence (AI). Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Snowflake wasn't one of them.
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Just like with Palantir, these bootcamps are meant to serve as a source of lead generation -- and they couldn't be coming at a more important time. This is why I think these bootcamps are more important than ever. The Motley Fool has positions in and recommends Datadog, Palantir Technologies, and Snowflake.
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770c01fc-5beb-484d-b1a5-f3914ad325da
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712159.0
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2023-12-13 00:00:00 UTC
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Consumer Sector Update for 12/13/2023: TSLA, NUZE, CALM
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DCOMP
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https://www.nasdaq.com/articles/consumer-sector-update-for-12-13-2023%3A-tsla-nuze-calm
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nan
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nan
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Consumer stocks were muted but leaning higher pre-bell Wednesday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.1% higher, while the Consumer Discretionary Select Sector SPDR Fund (XLY) was up 0.1%.
In company news, Tesla (TSLA) slipped 0.9%, a day after saying that its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production guidelines from the US Inflation Reduction Act.
NuZee (NUZE) soared 9%, a day after saying it has appointed Randell Weaver to the additional roles of president and chief operating officer, effective immediately.
Cal-Maine Foods (CALM) said Tuesday it has temporarily halted production at one of its facilities in Kansas after the site tested positive for highly pathogenic avian influenza. The company's shares were down 0.02%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consumer stocks were muted but leaning higher pre-bell Wednesday. In company news, Tesla (TSLA) slipped 0.9%, a day after saying that its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production guidelines from the US Inflation Reduction Act. Cal-Maine Foods (CALM) said Tuesday it has temporarily halted production at one of its facilities in Kansas after the site tested positive for highly pathogenic avian influenza.
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The Consumer Staples Select Sector SPDR Fund (XLP) was 0.1% higher, while the Consumer Discretionary Select Sector SPDR Fund (XLY) was up 0.1%. NuZee (NUZE) soared 9%, a day after saying it has appointed Randell Weaver to the additional roles of president and chief operating officer, effective immediately. The views and 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 Consumer Staples Select Sector SPDR Fund (XLP) was 0.1% higher, while the Consumer Discretionary Select Sector SPDR Fund (XLY) was up 0.1%. In company news, Tesla (TSLA) slipped 0.9%, a day after saying that its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production guidelines from the US Inflation Reduction Act. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consumer stocks were muted but leaning higher pre-bell Wednesday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.1% higher, while the Consumer Discretionary Select Sector SPDR Fund (XLY) was up 0.1%. In company news, Tesla (TSLA) slipped 0.9%, a day after saying that its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production guidelines from the US Inflation Reduction Act.
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4299cd60-a77e-4c9b-a0aa-a64be3bc73dc
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712160.0
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2023-12-13 00:00:00 UTC
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Johnson & Johnson (JNJ) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/johnson-johnson-jnj-is-attracting-investor-attention%3A-here-is-what-you-should-know-9
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nan
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nan
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Johnson & Johnson (JNJ) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this world's biggest maker of health care products have returned +5% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Large Cap Pharmaceuticals industry, to which Johnson & Johnson belongs, has gained 1.3% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Johnson & Johnson is expected to post earnings of $2.37 per share for the current quarter, representing a year-over-year change of +0.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.9%.
The consensus earnings estimate of $10.02 for the current fiscal year indicates a year-over-year change of -1.3%. This estimate has changed -1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.77 indicates a change of +7.4% from what Johnson & Johnson is expected to report a year ago. Over the past month, the estimate has changed -0.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Johnson & Johnson is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Johnson & Johnson, the consensus sales estimate for the current quarter of $20.92 billion indicates a year-over-year change of -11.8%. For the current and next fiscal years, $84.64 billion and $87.87 billion estimates indicate -10.9% and +3.8% changes, respectively.
Last Reported Results and Surprise History
Johnson & Johnson reported revenues of $21.35 billion in the last reported quarter, representing a year-over-year change of -10.3%. EPS of $2.66 for the same period compares with $2.55 a year ago.
Compared to the Zacks Consensus Estimate of $21 billion, the reported revenues represent a surprise of +1.67%. The EPS surprise was +5.56%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Johnson & Johnson is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Johnson & Johnson. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Johnson & Johnson (JNJ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of this world's biggest maker of health care products have returned +5% over the past month versus the Zacks S&P 500 composite's +5.4% change. 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.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Last Reported Results and Surprise History Johnson & Johnson reported revenues of $21.35 billion in the last reported quarter, representing a year-over-year change of -10.3%. Click to get this free report Johnson & Johnson (JNJ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the next fiscal year, the consensus earnings estimate of $10.77 indicates a change of +7.4% from what Johnson & Johnson is expected to report a year ago. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Johnson & Johnson is rated Zacks Rank #3 (Hold). While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Johnson & Johnson is rated Zacks Rank #3 (Hold). Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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475e66eb-e47c-4fe5-b756-edd4fcdccd9d
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712161.0
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2023-12-13 00:00:00 UTC
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Health Care Sector Update for 12/13/2023: PFE, VRTX, CCCC
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https://www.nasdaq.com/articles/health-care-sector-update-for-12-13-2023%3A-pfe-vrtx-cccc
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Health care stocks were flat premarket on Wednesday. The Health Care Select Sector SPDR Fund (XLV) was flat, while the iShares Biotechnology ETF (IBB) was inactive. The Vanguard Health Care Index Fund (VHT) was inactive, as was the iShares US Healthcare ETF (IYH).
In company news, Pfizer (PFE) fell 6.8%, after saying it expects full-year 2024 adjusted earnings of between $2.05 to $2.25 per diluted share. Analysts polled by Capital IQ projected adjusted EPS of $3.17.
Vertex Pharmaceuticals (VRTX) rose 4.8%, after saying that a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity.
C4 Therapeutics (CCCC) surged 28%, a day after saying that clinical data from an ongoing trial of CFT7455 for the potential treatment of multiple myeloma and non-Hodgkin's lymphomas demonstrated "promising signs of anti-myeloma and immunomodulatory activity."
The views and 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 Health Care Select Sector SPDR Fund (XLV) was flat, while the iShares Biotechnology ETF (IBB) was inactive. Vertex Pharmaceuticals (VRTX) rose 4.8%, after saying that a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity. C4 Therapeutics (CCCC) surged 28%, a day after saying that clinical data from an ongoing trial of CFT7455 for the potential treatment of multiple myeloma and non-Hodgkin's lymphomas demonstrated "promising signs of anti-myeloma and immunomodulatory activity."
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Health care stocks were flat premarket on Wednesday. The Health Care Select Sector SPDR Fund (XLV) was flat, while the iShares Biotechnology ETF (IBB) was inactive. The Vanguard Health Care Index Fund (VHT) was inactive, as was the iShares US Healthcare ETF (IYH).
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The Health Care Select Sector SPDR Fund (XLV) was flat, while the iShares Biotechnology ETF (IBB) was inactive. The Vanguard Health Care Index Fund (VHT) was inactive, as was the iShares US Healthcare ETF (IYH). In company news, Pfizer (PFE) fell 6.8%, after saying it expects full-year 2024 adjusted earnings of between $2.05 to $2.25 per diluted share.
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The Health Care Select Sector SPDR Fund (XLV) was flat, while the iShares Biotechnology ETF (IBB) was inactive. In company news, Pfizer (PFE) fell 6.8%, after saying it expects full-year 2024 adjusted earnings of between $2.05 to $2.25 per diluted share. Analysts polled by Capital IQ projected adjusted EPS of $3.17.
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29ef7117-fdb0-4fe2-b0e5-49a82864111f
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712162.0
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2023-12-13 00:00:00 UTC
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Zacks.com featured highlights include Global Industrial, Arcos Dorados, NVIDIA and Sterling Infrastructure
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DCOMP
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-global-industrial-arcos-dorados-nvidia-and-sterling
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For Immediate Release
Chicago, IL – December 13, 2023 – Stocks in this week’s article are Global Industrial Co. GIC, Arcos Dorados ARCO, NVIDIA NVDA and Sterling Infrastructure STRL.
Scoop Up These 4 GARP Stocks to Receive Handsome Returns
If you are looking for a profitable portfolio of stocks offering the best of value and growth investing, try the growth at a reasonable price or GARP strategy.
The strategy helps investors gain exposure to undervalued stocks with impressive prospects. Unlike a blend strategy, a portfolio that uses GARP investing is expected to include stocks that offer the best of value and growth investing. Global Industrial Co., Arcos Dorados, NVIDIA and Sterling Infrastructure are some GARP stocks that hold promise.
GARP Metrics — Mix of Growth & Value Metrics
The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. Investors adopting the GARP approach prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. These stocks also have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and so on.
Growth Metrics
A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. Hence, growth rates between 10% and 40% are considered ideal under the GARP strategy.
Another metric that growth and GARP investors consider is return on equity (ROE). GARP investors look for a strong and higher ROE than the industry average to identify superior stocks. Moreover, stocks with positive cash flows find precedence under the GARP plan.
Value Metrics
GARP investing prioritizes the popular value metrics — the price-to-earnings (P/E) and price-to-book (P/B) ratios. Though this investing style picks stocks with higher P/E ratios than value investors, it avoids companies with extremely high P/E ratios.
Using the GARP principle, we ran a screen to identify stocks that should offer solid returns in the near term.
Here are four of the six stocks that made it through the screen:
Global Industrial Company is an industrial distributor of industrial, and maintenance, repair and operation ("MRO") products in North America. The company currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Global Industrial Company has gained 60.8% on a year-to-date basis. It has a trailing four-quarter earnings surprise of 8.55% on average. The Zacks Consensus Estimate for GIC's 2023 earnings has moved 2.8% north to $1.85 per share over the past 60 days.
Arcos Dorados operates as a franchisee of McDonald's, with its operations divided in Brazil, North Latin America division, South Latin America and the Caribbean division. It also runs quick-service restaurants in Latin America and the Caribbean. ARCO currently flaunts a Zacks Rank #1.
Arcos Dorados has gained 48.2% on a year-to-date basis. It delivered a trailing four-quarter earnings surprise of 28.3% on average. The Zacks Consensus Estimate for ARCO's 2023 earnings has moved 9.4% north to 82 cents per share over the past 60 days.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. The company currently flaunts a Zacks Rank #1.
NVIDIA has gained 219.2% on a year-to-date basis. It has a trailing four-quarter earnings surprise of 18.9% on average. The Zacks Consensus Estimate for NVDA's fiscal 2024 earnings has been revised upward by 14.4% to $12.29 per share over the past 60 days.
Sterling Infrastructure operates through subsidiaries within segments specializing in E-Infrastructure, Building and Transportation Solutions that aid in developing large-scale site development systems and services projects, residential and commercial concrete foundation projects, and infrastructure and rehabilitation projects for highways, roads and bridges to name a few. The company currently carries a Zacks Rank #2.
Sterling Infrastructure has gained 115.1% on a year-to-date basis. It has a trailing four-quarter earnings surprise of 12.18% on average. The Zacks Consensus Estimate for 2023 earnings has moved 2.4% north to $4.19 per share over the past 60 days.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2196823/scoop-up-these-4-garp-stocks-to-receive-handsome-returns?art_rec=quote-stock_overview-zacks_news-ID04-txt-2196823
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report
Global Industrial Company (GIC) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : 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 adopting the GARP approach prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. 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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For Immediate Release Chicago, IL – December 13, 2023 – Stocks in this week’s article are Global Industrial Co. GIC, Arcos Dorados ARCO, NVIDIA NVDA and Sterling Infrastructure STRL. Global Industrial Co., Arcos Dorados, NVIDIA and Sterling Infrastructure are some GARP stocks that hold promise. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Scoop Up These 4 GARP Stocks to Receive Handsome Returns If you are looking for a profitable portfolio of stocks offering the best of value and growth investing, try the growth at a reasonable price or GARP strategy. Growth Metrics A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Growth Metrics A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. GARP investors look for a strong and higher ROE than the industry average to identify superior stocks. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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92252a45-d6f7-4964-b1fe-392f60fd1915
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712163.0
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2023-12-13 00:00:00 UTC
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Should Value Investors Buy PetIQ (PETQ) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-petiq-petq-stock-1
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is PetIQ (PETQ). PETQ is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 15.72, which compares to its industry's average of 20.03. PETQ's Forward P/E has been as high as 22.18 and as low as 6.15, with a median of 15.62, all within the past year.
We also note that PETQ holds a PEG ratio of 1.96. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. PETQ's PEG compares to its industry's average PEG of 2.40. Over the last 12 months, PETQ's PEG has been as high as 2.77 and as low as 0.77, with a median of 1.95.
Investors should also recognize that PETQ has a P/B ratio of 2.22. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 6.30. Within the past 52 weeks, PETQ's P/B has been as high as 2.75 and as low as 1.21, with a median of 1.80.
Finally, investors will want to recognize that PETQ has a P/CF ratio of 9.31. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. PETQ's P/CF compares to its industry's average P/CF of 31.22. Over the past year, PETQ's P/CF has been as high as 13.39 and as low as 7.74, with a median of 9.95.
These are just a handful of the figures considered in PetIQ's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that PETQ is an impressive value stock 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
PetIQ, Inc. (PETQ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. PETQ's PEG compares to its industry's average PEG of 2.40. Click to get this free report PetIQ, Inc. (PETQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report PetIQ, Inc. (PETQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. The stock is trading with a P/E ratio of 15.72, which compares to its industry's average of 20.03. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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5e0768c8-150d-4ee5-b7db-d73447f1f1f9
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712164.0
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2023-12-13 00:00:00 UTC
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Is DecisionPoint Systems (DPSI) a Great Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-decisionpoint-systems-dpsi-a-great-value-stock-right-now-0
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is DecisionPoint Systems (DPSI). DPSI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 11.90, which compares to its industry's average of 32.33. Over the past year, DPSI's Forward P/E has been as high as 26 and as low as 9.37, with a median of 13.63.
Finally, investors will want to recognize that DPSI has a P/CF ratio of 8.15. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 23.40. Over the past year, DPSI's P/CF has been as high as 18.58 and as low as 5.78, with a median of 7.52.
These figures are just a handful of the metrics value investors tend to look at, but they help show that DecisionPoint Systems is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, DPSI feels like a great value stock at the moment.
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
DecisionPoint Systems Inc. (DPSI) : 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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Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. 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.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Click to get this free report DecisionPoint Systems Inc. (DPSI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Click to get this free report DecisionPoint Systems Inc. (DPSI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market 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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560384d4-8f62-45aa-91d5-7bf0ce7f27ae
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712165.0
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2023-12-13 00:00:00 UTC
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Are Investors Undervaluing APi Group (APG) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-api-group-apg-right-now-0
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is APi Group (APG). APG is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 17.46, while its industry has an average P/E of 25.29. Over the past year, APG's Forward P/E has been as high as 17.71 and as low as 13.13, with a median of 15.30.
Investors should also note that APG holds a PEG ratio of 0.96. 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. APG's PEG compares to its industry's average PEG of 1.89. Within the past year, APG's PEG has been as high as 1.02 and as low as 0.64, with a median of 0.84.
Finally, investors will want to recognize that APG has a P/CF ratio of 18.62. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 25.27. Over the past 52 weeks, APG's P/CF has been as high as 18.62 and as low as 13.07, with a median of 15.75.
Another great Business - Services stock you could consider is Viad Corp (VVI), which is a # 2 (Buy) stock with a Value Score of A.
Shares of Viad Corp currently holds a Forward P/E ratio of 20.94, and its PEG ratio is 1.40. In comparison, its industry sports average P/E and PEG ratios of 25.29 and 1.89.
Over the past year, VVI's P/E has been as high as 38.24, as low as -83.69, with a median of 26.67; its PEG ratio has been as high as 2.55, as low as -5.58, with a median of 0.84 during the same time period.
Viad Corp sports a P/B ratio of 5.01 as well; this compares to its industry's price-to-book ratio of 3.07. In the past 52 weeks, VVI's P/B has been as high as 7.22, as low as 3.40, with a median of 5.63.
These figures are just a handful of the metrics value investors tend to look at, but they help show that APi Group and Viad Corp are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, APG and VVI feels like a great value stock at the moment.
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
APi Group Corporation (APG) : Free Stock Analysis Report
Viad Corp (VVI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. 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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APG's PEG compares to its industry's average PEG of 1.89. 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 APi Group Corporation (APG) : Free Stock Analysis Report Viad Corp (VVI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Over the past year, VVI's P/E has been as high as 38.24, as low as -83.69, with a median of 26.67; its PEG ratio has been as high as 2.55, as low as -5.58, with a median of 0.84 during the same time period. Click to get this free report APi Group Corporation (APG) : Free Stock Analysis Report Viad Corp (VVI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors should also note that APG holds a PEG ratio of 0.96. Viad Corp sports a P/B ratio of 5.01 as well; this compares to its industry's price-to-book ratio of 3.07. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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63f2079a-1a7f-4a42-9c72-a5c59e2c395b
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712166.0
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2023-12-13 00:00:00 UTC
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Is Autoliv (ALV) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-autoliv-alv-stock-undervalued-right-now-0
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Autoliv (ALV). ALV is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 10.62, which compares to its industry's average of 20.84. Over the past year, ALV's Forward P/E has been as high as 18.36 and as low as 9.92, with a median of 11.62.
Investors should also note that ALV holds a PEG ratio of 0.35. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ALV's industry currently sports an average PEG of 0.93. Over the past 52 weeks, ALV's PEG has been as high as 0.64 and as low as 0.32, with a median of 0.51.
Finally, our model also underscores that ALV has a P/CF ratio of 10.95. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. ALV's P/CF compares to its industry's average P/CF of 28.78. ALV's P/CF has been as high as 11.74 and as low as 8.45, with a median of 10.06, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Autoliv is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ALV feels like a great value stock at the moment.
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
Autoliv, Inc. (ALV) : 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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Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. 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.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. ALV's industry currently sports an average PEG of 0.93. Click to get this free report Autoliv, Inc. (ALV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Click to get this free report Autoliv, Inc. (ALV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. These figures are just a handful of the metrics value investors tend to look at, but they help show that Autoliv is likely being undervalued 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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60c4a68d-16ba-4092-8e5f-e716a16f78c2
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712167.0
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2023-12-13 00:00:00 UTC
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Is InterDigital (IDCC) Stock Outpacing Its Computer and Technology Peers This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-interdigital-idcc-stock-outpacing-its-computer-and-technology-peers-this-year-0
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nan
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nan
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. InterDigital (IDCC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
InterDigital is a member of our Computer and Technology group, which includes 624 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. InterDigital is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for IDCC's full-year earnings has moved 14.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, IDCC has moved about 113.2% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 48.7% on average. This means that InterDigital is performing better than its sector in terms of year-to-date returns.
nVent Electric (NVT) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 49%.
Over the past three months, nVent Electric's consensus EPS estimate for the current year has increased 4.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, InterDigital belongs to the Wireless Equipment industry, which includes 14 individual stocks and currently sits at #62 in the Zacks Industry Rank. Stocks in this group have gained about 10.4% so far this year, so IDCC is performing better this group in terms of year-to-date returns.
In contrast, nVent Electric falls under the Electronics - Miscellaneous Components industry. Currently, this industry has 32 stocks and is ranked #157. Since the beginning of the year, the industry has moved +12%.
InterDigital and nVent Electric could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
nVent Electric PLC (NVT) : 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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InterDigital is a member of our Computer and Technology group, which includes 624 different companies and currently sits at #4 in the Zacks Sector Rank. 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.
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Over the past 90 days, the Zacks Consensus Estimate for IDCC's full-year earnings has moved 14.8% higher. InterDigital and nVent Electric could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks. Click to get this free report InterDigital, Inc. (IDCC) : Free Stock Analysis Report nVent Electric PLC (NVT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. InterDigital and nVent Electric could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks. Click to get this free report InterDigital, Inc. (IDCC) : Free Stock Analysis Report nVent Electric PLC (NVT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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InterDigital is a member of our Computer and Technology group, which includes 624 different companies and currently sits at #4 in the Zacks Sector Rank. nVent Electric (NVT) is another Computer and Technology stock that has outperformed the sector so far this year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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ce11e881-f94b-42c0-8a4f-c57a15fa6bf1
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712168.0
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2023-12-13 00:00:00 UTC
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Is Booking Holdings (BKNG) Outperforming Other Retail-Wholesale Stocks This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-booking-holdings-bkng-outperforming-other-retail-wholesale-stocks-this-year-2
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nan
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nan
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Booking Holdings (BKNG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Booking Holdings is one of 221 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Booking Holdings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BKNG's full-year earnings has moved 3.5% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BKNG has moved about 68.8% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 23.2% on average. As we can see, Booking Holdings is performing better than its sector in the calendar year.
Another stock in the Retail-Wholesale sector, MercadoLibre (MELI), has outperformed the sector so far this year. The stock's year-to-date return is 91.1%.
Over the past three months, MercadoLibre's consensus EPS estimate for the current year has increased 10.9%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Booking Holdings belongs to the Internet - Commerce industry, which includes 42 individual stocks and currently sits at #25 in the Zacks Industry Rank. On average, stocks in this group have gained 50% this year, meaning that BKNG is performing better in terms of year-to-date returns. MercadoLibre is also part of the same industry.
Booking Holdings and MercadoLibre could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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
Booking Holdings Inc. (BKNG) : Free Stock Analysis Report
MercadoLibre, Inc. (MELI) : 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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Booking Holdings (BKNG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
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On average, stocks in this group have gained 50% this year, meaning that BKNG is performing better in terms of year-to-date returns. Booking Holdings and MercadoLibre could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Click to get this free report Booking Holdings Inc. (BKNG) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Booking Holdings and MercadoLibre could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Click to get this free report Booking Holdings Inc. (BKNG) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Another stock in the Retail-Wholesale sector, MercadoLibre (MELI), has outperformed the sector so far this year. On average, stocks in this group have gained 50% this year, meaning that BKNG is performing better in terms of year-to-date returns. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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105dce49-a46d-4113-9312-19baa94c72c3
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712169.0
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2023-12-13 00:00:00 UTC
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Is Martin Marietta Materials (MLM) Stock Outpacing Its Construction Peers This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-martin-marietta-materials-mlm-stock-outpacing-its-construction-peers-this-year-0
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nan
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nan
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Martin Marietta (MLM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Martin Marietta is one of 97 companies in the Construction group. The Construction group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Martin Marietta is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for MLM's full-year earnings has moved 2.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MLM has returned about 42.2% since the start of the calendar year. Meanwhile, stocks in the Construction group have gained about 41.7% on average. This shows that Martin Marietta is outperforming its peers so far this year.
Sterling Infrastructure (STRL) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 123.8%.
Over the past three months, Sterling Infrastructure's consensus EPS estimate for the current year has increased 2.2%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Martin Marietta is a member of the Building Products - Concrete and Aggregates industry, which includes 8 individual companies and currently sits at #196 in the Zacks Industry Rank. This group has gained an average of 39.9% so far this year, so MLM is performing better in this area.
On the other hand, Sterling Infrastructure belongs to the Engineering - R and D Services industry. This 21-stock industry is currently ranked #41. The industry has moved +27.3% year to date.
Investors with an interest in Construction stocks should continue to track Martin Marietta and Sterling Infrastructure. These stocks will be looking to continue their solid performance.
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
Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report
Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The 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.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Investors with an interest in Construction stocks should continue to track Martin Marietta and Sterling Infrastructure. Click to get this free report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Investors with an interest in Construction stocks should continue to track Martin Marietta and Sterling Infrastructure. Click to get this free report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Martin Marietta is one of 97 companies in the Construction group. Sterling Infrastructure (STRL) is another Construction stock that has outperformed the sector so far this year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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cb848d24-4627-49d7-adca-e66b6a53ab62
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712170.0
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2023-12-13 00:00:00 UTC
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Are Investors Undervaluing Suzano (SUZ) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-suzano-suz-right-now-2
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Suzano (SUZ) is a stock many investors are watching right now. SUZ is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 6.85. This compares to its industry's average Forward P/E of 11.24. Over the past year, SUZ's Forward P/E has been as high as 7.39 and as low as 2.69, with a median of 5.33.
Investors should also note that SUZ holds a PEG ratio of 0.99. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. SUZ's industry currently sports an average PEG of 1.63. Over the past 52 weeks, SUZ's PEG has been as high as 1.06 and as low as 0.24, with a median of 0.75.
Another notable valuation metric for SUZ is its P/B ratio of 1.64. 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. This stock's P/B looks solid versus its industry's average P/B of 2.15. SUZ's P/B has been as high as 2.65 and as low as 1.39, with a median of 1.70, over the past year.
Finally, investors will want to recognize that SUZ has a P/CF ratio of 2.71. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. SUZ's current P/CF looks attractive when compared to its industry's average P/CF of 5.06. Over the past 52 weeks, SUZ's P/CF has been as high as 3 and as low as 1.76, with a median of 2.22.
These are only a few of the key metrics included in Suzano's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SUZ looks like an impressive value stock at the moment.
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
Suzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. 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.
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. SUZ's industry currently sports an average PEG of 1.63. Sponsored ADR (SUZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Suzano (SUZ) is a stock many investors are watching right now.
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Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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1e4cc385-2b2a-4079-bd8d-8e70a5dc39ef
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712171.0
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2023-12-13 00:00:00 UTC
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NETGEAR (NTGR) Launches Smart Switches to Improve Connectivity
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DCOMP
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https://www.nasdaq.com/articles/netgear-ntgr-launches-smart-switches-to-improve-connectivity
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nan
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nan
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NETGEAR NTGR introduced the S3600 Series Smart Switches, which are aimed at meeting the rising demand for networking. The smart switches comprise the 8-Port 10G/multi-gigabit (XS508TM) and 16-Port 10G/multi-gigabit (XS516TM) that offer adaptable wired connectivity for high-bandwidth devices.
The smart switches are aimed to address the rising networking demands of high-bandwidth applications and devices. The smart switches tackle these challenges by allowing precise speed allocation to each connected device. The XS508TM and XS516TM are priced at $999.99 and $1,599.99, respectively.
The new switches offer flexibility to cater to specific networking needs while accommodating future expansion. These switches integrate seamlessly within NETGEAR's Total Network Solution and align with other products like the PR60X Pro Router and WiFi Access Points. Also, the smart switches include a one-year subscription to NETGEAR Insight Cloud Management.
NETGEAR, Inc. Price and Consensus
NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote
The S3600 Series offers intuitive web management for easy configuration, including uplink ports for local servers or network core aggregation. NETGEAR's Insight Cloud Management platform streamlines remote setup and troubleshooting for the entire network infrastructure from a single interface.
The company continues to invest heavily in research and development to expand its product line. In September, the company introduced a new and enhanced Orbi 970 lineup to address the escalating demand for faster Wi-Fi, lower latency, and greater capacity due to the rise of multi-gig Internet speeds and the proliferation of connected devices and bandwidth-intensive applications.
Prior to that, the company announced the launch of the Nighthawk Tri-Band Mesh WiFi 6E System (MK93S), which is designed to provide improved mesh WiFi coverage and performance. It is also equipped with a robust quad-core 1.7GHz processor and the latest WiFi 6E tri-band technology, which helps to reduce congestion and latency.
NETGEAR currently carries a Zacks Rank #2 (Buy). Shares of the company have lost 27.6% compared with the sub-industry’s decline of 1.5% in the past year.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS. Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have soared 51% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 19.8% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Watts Water’s long-term earnings growth rate is 7.8%.
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
Flex Ltd. (FLEX) : Free Stock Analysis Report
NETGEAR, Inc. (NTGR) : Free Stock Analysis Report
Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
Pegasystems Inc. (PEGA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These switches integrate seamlessly within NETGEAR's Total Network Solution and align with other products like the PR60X Pro Router and WiFi Access Points. In September, the company introduced a new and enhanced Orbi 970 lineup to address the escalating demand for faster Wi-Fi, lower latency, and greater capacity due to the rise of multi-gig Internet speeds and the proliferation of connected devices and bandwidth-intensive 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.
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Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2. The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report NETGEAR, Inc. (NTGR) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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NETGEAR, Inc. Price and Consensus NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote The S3600 Series offers intuitive web management for easy configuration, including uplink ports for local servers or network core aggregation. Image Source: Zacks Investment Research Other Stocks to Consider Some other top-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report NETGEAR, Inc. (NTGR) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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NETGEAR NTGR introduced the S3600 Series Smart Switches, which are aimed at meeting the rising demand for networking. Image Source: Zacks Investment Research Other Stocks to Consider Some other top-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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af110831-7135-4f97-8ff2-dc73365d5767
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712172.0
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2023-12-13 00:00:00 UTC
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Is Provident Financial (PROV) a Great Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-provident-financial-prov-a-great-value-stock-right-now
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Provident Financial (PROV). PROV is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another valuation metric that we should highlight is PROV's P/B ratio of 0.64. 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. This stock's P/B looks solid versus its industry's average P/B of 0.83. Over the past year, PROV's P/B has been as high as 0.83 and as low as 0.59, with a median of 0.73.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. PROV has a P/S ratio of 1.48. This compares to its industry's average P/S of 1.62.
These are only a few of the key metrics included in Provident Financial's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, PROV looks like an impressive value stock at the moment.
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
Provident Financial Holdings, Inc. (PROV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. 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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Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. 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 Provident Financial Holdings, Inc. (PROV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Provident Financial Holdings, Inc. (PROV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Value investors also use the P/S ratio. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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f53aa82a-322f-4a73-8f0b-5155aea58014
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712173.0
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2023-12-13 00:00:00 UTC
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Is Hooker Furniture (HOFT) Outperforming Other Consumer Discretionary Stocks This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-hooker-furniture-hoft-outperforming-other-consumer-discretionary-stocks-this-year
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nan
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nan
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Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Hooker Furniture (HOFT) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Hooker Furniture is one of 281 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Hooker Furniture is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for HOFT's full-year earnings has moved 71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HOFT has returned about 26.6% since the start of the calendar year. In comparison, Consumer Discretionary companies have returned an average of 14.7%. This means that Hooker Furniture is performing better than its sector in terms of year-to-date returns.
H&R Block (HRB) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 27.3%.
The consensus estimate for H&R Block's current year EPS has increased 0.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Hooker Furniture belongs to the Furniture industry, a group that includes 10 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have lost 1.3% this year, meaning that HOFT is performing better in terms of year-to-date returns.
In contrast, H&R Block falls under the Consumer Services - Miscellaneous industry. Currently, this industry has 14 stocks and is ranked #55. Since the beginning of the year, the industry has moved +9.1%.
Investors interested in the Consumer Discretionary sector may want to keep a close eye on Hooker Furniture and H&R Block as they attempt to continue their solid performance.
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
Hooker Furnishings Corp. (HOFT) : Free Stock Analysis Report
H&R Block, Inc. (HRB) : 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 the Consumer Discretionary sector may want to keep a close eye on Hooker Furniture and H&R Block as they attempt to continue their solid performance. 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.
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Over the past 90 days, the Zacks Consensus Estimate for HOFT's full-year earnings has moved 71% higher. To break things down more, Hooker Furniture belongs to the Furniture industry, a group that includes 10 individual companies and currently sits at #91 in the Zacks Industry Rank. Click to get this free report Hooker Furnishings Corp. (HOFT) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. To break things down more, Hooker Furniture belongs to the Furniture industry, a group that includes 10 individual companies and currently sits at #91 in the Zacks Industry Rank. Click to get this free report Hooker Furnishings Corp. (HOFT) : Free Stock Analysis Report H&R Block, Inc. (HRB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has Hooker Furniture (HOFT) been one of those stocks this year? H&R Block (HRB) is another Consumer Discretionary stock that has outperformed the sector so far this year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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761df56c-640b-4453-92d0-e08034991f1f
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712174.0
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2023-12-13 00:00:00 UTC
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Should Value Investors Buy Nissan Motor Co. (NSANY) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-nissan-motor-co.-nsany-stock-2
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is Nissan Motor Co. (NSANY). NSANY is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 5.85. This compares to its industry's average Forward P/E of 9.01. Over the past 52 weeks, NSANY's Forward P/E has been as high as 13.36 and as low as 5.18, with a median of 6.33.
Investors should also note that NSANY holds a PEG ratio of 0.20. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. NSANY's industry currently sports an average PEG of 0.34. Over the past 52 weeks, NSANY's PEG has been as high as 0.61 and as low as 0.18, with a median of 0.24.
Finally, our model also underscores that NSANY has a P/CF ratio of 1.90. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. NSANY's P/CF compares to its industry's average P/CF of 6.97. Over the past year, NSANY's P/CF has been as high as 2.67 and as low as 1.82, with a median of 2.18.
Value investors will likely look at more than just these metrics, but the above data helps show that Nissan Motor Co. Is likely undervalued currently. And when considering the strength of its earnings outlook, NSANY sticks out at as one of the market's strongest value stocks.
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
Nissan Motor Co. (NSANY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. 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.
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NSANY's industry currently sports an average PEG of 0.34. Click to get this free report Nissan Motor Co. (NSANY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Nissan Motor Co. (NSANY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Investors should also note that NSANY holds a PEG ratio of 0.20. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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233a845e-afeb-4b89-b13e-f4d0cfb32bfc
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712175.0
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2023-12-13 00:00:00 UTC
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Fortinet (FTNT) Recently Broke Out Above the 50-Day Moving Average
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DCOMP
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https://www.nasdaq.com/articles/fortinet-ftnt-recently-broke-out-above-the-50-day-moving-average
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nan
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nan
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Fortinet (FTNT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FTNT broke through the 50-day moving average, which suggests a short-term bullish trend.
The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.
Over the past four weeks, FTNT has gained 7.3%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.
The bullish case only gets stronger once investors take into account FTNT's positive earnings estimate revisions. There have been 16 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
Investors should think about putting FTNT on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.
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
Fortinet, Inc. (FTNT) : 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 should think about putting FTNT on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions. 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.
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The bullish case only gets stronger once investors take into account FTNT's positive earnings estimate revisions. Investors should think about putting FTNT on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions. Click to get this free report Fortinet, Inc. (FTNT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher. Investors should think about putting FTNT on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions. Click to get this free report Fortinet, Inc. (FTNT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently, FTNT broke through the 50-day moving average, which suggests a short-term bullish trend. Investors should think about putting FTNT on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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c9c948a2-55ba-4854-b536-158e0ede88f0
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712176.0
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2023-12-13 00:00:00 UTC
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New to Investing? This 1 Construction Stock Could Be the Perfect Starting Point
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DCOMP
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https://www.nasdaq.com/articles/new-to-investing-this-1-construction-stock-could-be-the-perfect-starting-point-3
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nan
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
If you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Quanta Services (PWR)
Quanta is a leading national provider of specialty contracting services, and one of the largest contractors serving the transmission and distribution sector of the North American electric utility industry. Quanta has operations in the United States, Canada, Australia and other selected international markets.
PWR, a #3 (Hold) stock, was added to the Focus List on December 23, 2021 at $111.52 per share. Since then, shares have increased 84.07% to $205.27.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.01 to $7.09. PWR boasts an average earnings surprise of 5.1%.
Earnings for PWR are forecasted to see growth of 11.8% for the current fiscal year as well.
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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 >>
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Quanta Services, Inc. (PWR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
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It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Focus List Methodology When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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712177.0
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2023-12-13 00:00:00 UTC
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Is Cisco Stock a Good Long-Term Investment?
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https://www.nasdaq.com/articles/is-cisco-stock-a-good-long-term-investment
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Many tech stocks rebounded in 2023 from the prior year's steep downturn, and Silicon Valley veteran Cisco Systems (NASDAQ: CSCO) was among them. Shares reached a 52-week high of $58.19 on Sept. 1. But the stock plunged in mid-November after Cisco released earnings for its fiscal first quarter, which ended Oct. 28. Investors clearly found something in the earnings report concerning.
For bargain hunters who are wondering if this drop has created a good buying opportunity, the question is: Are the things that triggered the sell-off long-term issues, or short-term ones that can be expected to eventually dissipate? Let's dive in and see.
Cisco's successes
Cisco actually delivered amazing results in the latest quarter. It was the strongest Q1 in company history in terms of revenue and profit. Sales rose 8% year over year to $14.7 billion, and net income grew 36% to $3.6 billion as the company met pent-up demand that had been left previously unfilled due to supply chain constraints.
The balance sheet was strong as well. At the end of the quarter, Cisco's assets totaled $98.8 billion compared to $53.6 billion in liabilities, and it had $23.5 billion in cash, cash equivalents, and investments.
Pending challenges
So why did the stock sink after Cisco posted such spectacular results? Because management warned it was seeing signs that the surge in demand was starting to subside -- namely, product orders declined 20% in the quarter.
As a result, the company offered revenue guidance of at least $12.6 billion for its fiscal Q2, which would be down significantly from the prior-year period's $13.6 billion. Management also forecast that the period of waning customer demand could last a couple of more quarters before it rose back toward normal levels. That weak near-term outlook led to the sell-off of Cisco stock.
But investors who are focused on the long term should keep in mind that this short-term headwind is expected to subside eventually, after which the stock will be poised to recover. And one key reason to be confident in Cisco's ability to bounce back is its software business.
Though Cisco built its reputation as a computer networking company, it has also developed a substantial set of software offerings, including IT systems monitoring and cybersecurity. This allows it to generate predictable recurring revenue through software-as-a-service (SaaS) subscriptions. Its SaaS segment isn't as sensitive to cyclical ups and downs as its hardware business.
To buy or not to buy Cisco
Cisco's SaaS offerings will strengthen after the company closes its acquisition of cybersecurity analytics firm Splunk in 2024. Splunk's solutions provide complementary capabilities that will enhance Cisco's cybersecurity product suite.
Also, Splunk's revenue, net income, and free cash flow all grew year-over-year in its fiscal third quarter, which ended Oct. 31. Splunk's business is prospering with $1.1 billion in fiscal Q3 sales -- revenue that will add to Cisco's top line next year.
Splunk's free-cash-flow growth should be a particularly attractive feature for income investors since it will add to Cisco's ability to maintain its dividend, which yields over 3% at the current share price. And Cisco has raised its payouts for 13 consecutive years, a solid track record. So long-term investors can collect Cisco's dependable dividend while waiting for its stock to bounce back.
In the wake of Cisco's recent share price drop, now is a good time to buy the stock to hold for the long term. Cisco's business will be even more well-positioned once its acquisition of Splunk closes and its sales bounce back from the looming cyclical downturn.
In the meantime, investors can benefit from Cisco's dividend, which makes it a good income stock. These factors point to Cisco as a worthwhile investment for the long haul.
Should you invest $1,000 in Cisco Systems right now?
Before you buy stock in Cisco Systems, consider this:
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See the 10 stocks
*Stock Advisor returns as of December 7, 2023
Robert Izquierdo has positions in Cisco Systems and Splunk. The Motley Fool has positions in and recommends Cisco Systems and Splunk. 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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For bargain hunters who are wondering if this drop has created a good buying opportunity, the question is: Are the things that triggered the sell-off long-term issues, or short-term ones that can be expected to eventually dissipate? Though Cisco built its reputation as a computer networking company, it has also developed a substantial set of software offerings, including IT systems monitoring and cybersecurity. Splunk's free-cash-flow growth should be a particularly attractive feature for income investors since it will add to Cisco's ability to maintain its dividend, which yields over 3% at the current share price.
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Sales rose 8% year over year to $14.7 billion, and net income grew 36% to $3.6 billion as the company met pent-up demand that had been left previously unfilled due to supply chain constraints. Cisco's business will be even more well-positioned once its acquisition of Splunk closes and its sales bounce back from the looming cyclical downturn. Before you buy stock in Cisco Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Cisco Systems wasn't one of them.
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To buy or not to buy Cisco Cisco's SaaS offerings will strengthen after the company closes its acquisition of cybersecurity analytics firm Splunk in 2024. Before you buy stock in Cisco Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Cisco Systems wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Robert Izquierdo has positions in Cisco Systems and Splunk.
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In the wake of Cisco's recent share price drop, now is a good time to buy the stock to hold for the long term. Should you invest $1,000 in Cisco Systems right now? Before you buy stock in Cisco Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Cisco Systems wasn't one of them.
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32e1dce3-7eff-4e2b-b58d-4052928978ed
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712178.0
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2023-12-13 00:00:00 UTC
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Global news publisher Axel Springer partners with OpenAI in landmark deal
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https://www.nasdaq.com/articles/global-news-publisher-axel-springer-partners-with-openai-in-landmark-deal
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By Helen Coster
NEW YORK, Dec 13 (Reuters) - Global news publisher Axel Springer is partnering with OpenAI, the company behind the ChatGPT chatbot, in a first-of-its-kind deal that will deliver summaries of Axel Springer content in response to ChatGPT queries, the companies announced on Wednesday.
As part of the deal, when users ask ChatGPT a question, the chatbot will deliver summaries of relevant news stories from Axel Springer brands including Politico, Business Insider, Bild and Welt. Those summaries will include material from stories that would otherwise require subscriptions to read. The summaries will cite the Axel Springer publication as the source, and also provide a link to the full article it summarizes.
The summaries will be available on ChatGPT as soon as the article has been published, so that breaking news is part of the user experience, according to Tom Rubin, OpenAI’s head of intellectual property and content. The Axel Springer content will begin appearing in the first quarter of 2024, Rubin said.
The content will get a “favorable position” in ChatGPT search results, with the goal of helping to drive traffic and subscription revenue to Axel Springer brands, according to a source familiar with the deal.
OpenAI will also pay for the Axel Springer content it uses to train the large language models that power ChatGPT. That content includes archived material, Rubin said.
The companies did not disclose financial terms of the deal, which is for multiple years and is not exclusive, according to Rubin.
“We want to explore the opportunities of AI empowered journalism – to bring quality, societal relevance and the business model of journalism to the next level,” said Axel Springer Chief Executive Mathias Doepfner in a statement.
The deal comes as publishers contemplate suing technology companies for violating their copyrights by using, without permission, their content to train large language models. In addition to striking deals with AI companies, they are threatening litigation over the possibility of copyright infringement and demanding to be compensated for the content used to train AI models.
AI companies, for their part, benefit from training their models on accurate, recent information, making news content a desirable source of training data. AI systems such as ChatGPT have dazzled consumers and businesses with their ability to plan vacations, summarize legal documents and write computer code.
The Axel Springer deal is the second between OpenAI and a major news publisher. In July OpenAI struck a deal with the Associated Press, in which the AP is licensing part of its archive of news stories to the Microsoft MSFT.O-backed tech company. The AP will gain access to OpenAI's technology and product expertise as part of the deal, for which financial details were not disclosed. The AP deal "wasn't about display of content," said Rubin.
Other deals may soon follow. In November, News Corp NWSA.O chief executive Robert Thomson said the company was in “advanced discussions” to strike deals on the use of its content for generative AI.
News publishers have been slow to adopt generative AI technology over concerns about its tendency to generate factually incorrect information, as well as challenges in differentiating between content produced by humans and computer programs.
Europe on Friday reached a provisional deal on landmark European Union rules governing the use of AI. The accord includes new transparency obligations for foundation models like those powering ChatGPT, including revealing what material they use to train their models. Those obligations could expose technology companies to more potential lawsuits or push them to strike deals.
Sarah Silverman sues Meta, OpenAI for copyright infringement
BREAKINGVIEWS-AI firms lead quest for intelligent business model
Meta used copyrighted books for AI training despite its own lawyers' warnings, authors allege
(Reporting by Helen Coster in New York Editing by Kenneth Li and Matthew Lewis)
((helen.coster@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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As part of the deal, when users ask ChatGPT a question, the chatbot will deliver summaries of relevant news stories from Axel Springer brands including Politico, Business Insider, Bild and Welt. The content will get a “favorable position” in ChatGPT search results, with the goal of helping to drive traffic and subscription revenue to Axel Springer brands, according to a source familiar with the deal. Sarah Silverman sues Meta, OpenAI for copyright infringement BREAKINGVIEWS-AI firms lead quest for intelligent business model Meta used copyrighted books for AI training despite its own lawyers' warnings, authors allege (Reporting by Helen Coster in New York Editing by Kenneth Li and Matthew Lewis) ((helen.coster@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 Helen Coster NEW YORK, Dec 13 (Reuters) - Global news publisher Axel Springer is partnering with OpenAI, the company behind the ChatGPT chatbot, in a first-of-its-kind deal that will deliver summaries of Axel Springer content in response to ChatGPT queries, the companies announced on Wednesday. As part of the deal, when users ask ChatGPT a question, the chatbot will deliver summaries of relevant news stories from Axel Springer brands including Politico, Business Insider, Bild and Welt. OpenAI will also pay for the Axel Springer content it uses to train the large language models that power ChatGPT.
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By Helen Coster NEW YORK, Dec 13 (Reuters) - Global news publisher Axel Springer is partnering with OpenAI, the company behind the ChatGPT chatbot, in a first-of-its-kind deal that will deliver summaries of Axel Springer content in response to ChatGPT queries, the companies announced on Wednesday. As part of the deal, when users ask ChatGPT a question, the chatbot will deliver summaries of relevant news stories from Axel Springer brands including Politico, Business Insider, Bild and Welt. In addition to striking deals with AI companies, they are threatening litigation over the possibility of copyright infringement and demanding to be compensated for the content used to train AI models.
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As part of the deal, when users ask ChatGPT a question, the chatbot will deliver summaries of relevant news stories from Axel Springer brands including Politico, Business Insider, Bild and Welt. In addition to striking deals with AI companies, they are threatening litigation over the possibility of copyright infringement and demanding to be compensated for the content used to train AI models. In November, News Corp NWSA.O chief executive Robert Thomson said the company was in “advanced discussions” to strike deals on the use of its content for generative AI.
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712179.0
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2023-12-13 00:00:00 UTC
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3 Undervalued Stocks Poised to Outperform Their Respective Indices
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https://www.nasdaq.com/articles/3-undervalued-stocks-poised-to-outperform-their-respective-indices
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
You really don’t need much explanation regarding the allure of undervalued stocks. Just like seeing a buy-one-get-one (BOGO) free sale at your favorite retailer, we’re instinctively attracted to bargains. Especially during this period of stubbornly elevated prices, paying less than retail has its benefits.
In many ways, the same principle applies to undervalued stocks. To be clear, we’re not talking about merely cheap securities. Rather, by targeting enterprises that suffered a temporary setback, we can place wagers that they’ll eventually recover – and then some.
To make this list even more intriguing, I’m going to take undervalued stocks from three major indices: the benchmark S&P 500, the small-capitalization specialty Russell 2000 and the technology-focused Nasdaq 100. While the below entities might be lagging their underlying indices, they’re poised to outperform in 2024.
Newmont (NEM)
Source: Piotr Swat/Shutterstock
What it is: A stalwart in the mining industry, Newmont (NYSE:NEM) is the world’s largest gold mining corporation, according to its public profile. Also, its website states that NEM represents the only gold producer listed in the S&P 500 index. However, NEM is also badly lagging the benchmark, losing about 22% of equity value since the January opener.
Relevance: In contrast, the S&P 500 is up about 21% on a year-to-date basis. Therefore, NEM would have to quickly reverse course regarding its momentum. But that’s exactly what analysts have in mind. Currently, they rate shares as a consensus moderate buy with a $48.67 average price target. That implies about 25% upside potential. Further, the high-side target stands at $58, implying about 49% up.
Pros: True to the subject matter, NEM represents one of the undervalued stocks (albeit barely). Shares trade at forward earnings multiple of 10.61x, just below the sector median of 10.92x. Further, if the fear trade kicks in, NEM could soar to surprising heights.
Cons: Fundamentally, the gold-mining space has been volatile. Also, if the Federal Reserve decides to raise interest rates, NEM could suffer.
Ovintiv (OVV)
Source: rafapress / Shutterstock
What it is: An independent petroleum company, Ovintiv (NYSE:OVV) cynically benefited from rising hydrocarbon demand. However, various geopolitical and economic forces have seen a disinflationary effect against the underlying sector. As a result, OVV gave up more than 11% of equity value since the beginning of the year.
Relevance: Although the underlying small-cap field tends to shoot higher during upcycles and post worrying red ink during downcycles, the Russell 2000 has only gained about 8% since the start of the year. Still, it’s obvious that OVV lags the index. Nevertheless, analysts peg shares as a consensus moderate buy with a $57.06 price target. That implies upside potential of around 37%.
Pros: What makes OVV so enticing is that it offers a legitimate case for undervalued stocks. Specifically, shares trade at forward earnings multiple of 4.44x, below the sector median of 7.59x. Further, the company’s three-year revenue growth rate clocks in at 23.3%, above the sector’s average of 10.7%.
Cons: Aside from the choppy nature of hydrocarbons, OVV is particularly exposed to geopolitical risks. As well, investors should closely monitor the Fed’s monetary policy.
Baidu (BIDU)
What it is: A multinational tech firm, Baidu (NASDAQ:BIDU) represents one of China’s powerhouse business enterprises. Specializing in internet-related services and products, Baidu has been aggressively pushing into the field of artificial intelligence. Given the sector’s growth ramp, BIDU makes for compelling speculation. However, it’s down about 5% YTD.
Relevance: Without question, BIDU lags the Nasdaq-100 – and glaringly so. Since the beginning of the year, the tech-centric index jumped more than 49%. That’s not an easy feat to duplicate, let alone beat. Nevertheless, that’s exactly what market experts are calling for with their strong buy consensus view. More to the point, analysts see shares hitting $170.41, implying 50% upside potential. Also, the high-side target lands at $215, projecting over 89% growth.
Pros: If you can handle the risk, BIDU represents one of the deeply undervalued stocks to consider. Right now, shares trade hands at a forward earnings multiple of 10.46x. In contrast, the sector median comes in at a loftier 16.48x.
Cons: While BIDU intrigues because of its relative discount, worries exist about China’s economic slowdown. Therefore, investors should approach cautiously.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Undervalued Stocks Poised to Outperform Their Respective Indices 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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Relevance: Although the underlying small-cap field tends to shoot higher during upcycles and post worrying red ink during downcycles, the Russell 2000 has only gained about 8% since the start of the year. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Undervalued Stocks Poised to Outperform Their Respective Indices appeared first on InvestorPlace.
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Newmont (NEM) Source: Piotr Swat/Shutterstock What it is: A stalwart in the mining industry, Newmont (NYSE:NEM) is the world’s largest gold mining corporation, according to its public profile. Currently, they rate shares as a consensus moderate buy with a $48.67 average price target. Specifically, shares trade at forward earnings multiple of 4.44x, below the sector median of 7.59x.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips You really don’t need much explanation regarding the allure of undervalued stocks. Newmont (NEM) Source: Piotr Swat/Shutterstock What it is: A stalwart in the mining industry, Newmont (NYSE:NEM) is the world’s largest gold mining corporation, according to its public profile. Pros: True to the subject matter, NEM represents one of the undervalued stocks (albeit barely).
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Currently, they rate shares as a consensus moderate buy with a $48.67 average price target. Still, it’s obvious that OVV lags the index. Nevertheless, analysts peg shares as a consensus moderate buy with a $57.06 price target.
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e998a8f6-c9b7-413f-8472-75e97fe5d4cb
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712180.0
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2023-12-13 00:00:00 UTC
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Should Value Investors Buy Ambac (AMBC) Stock?
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https://www.nasdaq.com/articles/should-value-investors-buy-ambac-ambc-stock
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Ambac (AMBC). AMBC is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 24.45, which compares to its industry's average of 25.72. Over the past year, AMBC's Forward P/E has been as high as 25,659.91 and as low as -7,878.35, with a median of 38.49.
Investors should also recognize that AMBC has a P/B ratio of 0.56. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.45. Over the past year, AMBC's P/B has been as high as 0.73 and as low as 0.39, with a median of 0.50.
Finally, our model also underscores that AMBC has a P/CF ratio of 3.53. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. AMBC's P/CF compares to its industry's average P/CF of 8.79. AMBC's P/CF has been as high as 3.56 and as low as 1.13, with a median of 1.33, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Ambac is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AMBC feels like a great value stock at the moment.
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
Ambac Financial Group, Inc. (AMBC) : 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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Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. 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.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Click to get this free report Ambac Financial Group, Inc. (AMBC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Click to get this free report Ambac Financial Group, Inc. (AMBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market 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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32ccc876-d652-4f5a-b5cb-099f255e48c8
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712181.0
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2023-12-13 00:00:00 UTC
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Reasons Why You Should Avoid Investing in Carlisle (CSL) Now
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https://www.nasdaq.com/articles/reasons-why-you-should-avoid-investing-in-carlisle-csl-now-0
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Carlisle Companies Incorporated CSL has failed to impress investors with its recent operational performance due to weakness in the Carlisle Construction Materials (CCM) segment, high debt level and foreign currency headwinds. These factors are likely to impede the company’s performance in the quarters ahead.
Let’s discuss the factors, which are likely to continue taking a toll on this Zacks Rank #4 (Sell) company.
Business Weakness: Project delays, uncertainty caused by higher interest rates and prolonged distributor destocking are affecting the performance of Carlisle’s CCM segment. The company expects the segment’s sales to decline 3-5% in 2023 from the year-ago period. Lower volumes from a slowdown in the residential construction market and project delays are adversely affecting Carlisle’s Carlisle Weatherproofing Technologies segment. Carlisle expects the segment’s revenues to decline approximately 10% in 2023.
High Debt Level: The company's high debt levels raise concerns. In the last five fiscal years (2018-2022), the company’s long-term debt witnessed a CAGR of 7.5%. Its long-term debt balance at the end of third-quarter 2023 was $2,283.2 million compared with $2,281.1 million reported at the end of 2022.
Southbound Estimate Revisions: In the past 60 days, the Zacks Consensus Estimate for CSL’s 2023 earnings has been revised 13.6% downward.
Carlisle Companies Incorporated Price and Consensus
Carlisle Companies Incorporated price-consensus-chart | Carlisle Companies Incorporated Quote
Zacks Rank & Stocks to Consider
General Electric currently carries a Zacks Rank #3 (Hold). Some better-ranked companies have been discussed below.
Federal Signal Corporation FSS presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FSS delivered a trailing four-quarter average earnings surprise of 8.1%. In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2023 earnings has increased 3.3%. The stock has risen 62.1% in the past year.
ITT Inc. ITT presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 8%.
The consensus estimate for ITT’s 2023 earnings has increased 2% in the past 60 days. Shares of ITT have jumped 39.7% in the past year.
A. O. Smith Corporation AOS currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 14%.
In the past 60 days, the consensus estimate for A. O. Smith’s 2023 earnings has improved 5%. The stock has risen 35% in the past year.
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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
ITT Inc. (ITT) : Free Stock Analysis Report
Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report
Federal Signal Corporation (FSS) : 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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Business Weakness: Project delays, uncertainty caused by higher interest rates and prolonged distributor destocking are affecting the performance of Carlisle’s CCM segment. 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.
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Carlisle Companies Incorporated Price and Consensus Carlisle Companies Incorporated price-consensus-chart | Carlisle Companies Incorporated Quote Zacks Rank & Stocks to Consider General Electric currently carries a Zacks Rank #3 (Hold). In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2023 earnings has increased 3.3%. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Carlisle Companies Incorporated CSL has failed to impress investors with its recent operational performance due to weakness in the Carlisle Construction Materials (CCM) segment, high debt level and foreign currency headwinds. Carlisle Companies Incorporated Price and Consensus Carlisle Companies Incorporated price-consensus-chart | Carlisle Companies Incorporated Quote Zacks Rank & Stocks to Consider General Electric currently carries a Zacks Rank #3 (Hold). Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Let’s discuss the factors, which are likely to continue taking a toll on this Zacks Rank #4 (Sell) company. 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 A. O. Smith Corporation (AOS) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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5fe2f596-0c60-49a8-851b-12356552bb2e
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712182.0
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2023-12-13 00:00:00 UTC
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Financial Sector Update for 12/13/2023: CVLY, EFC, BEN
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DCOMP
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https://www.nasdaq.com/articles/financial-sector-update-for-12-13-2023%3A-cvly-efc-ben
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nan
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nan
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Financial stocks were edging higher premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) up 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.
Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY) announced an agreement late Tuesday to merge in an all-stock deal valued at about $207 million, or $21.31 per Codorus share. Codorus stock was up more than 3.4% in recent Wednesday premarket activity.
Arlington Asset Investment (AAIC) said late Tuesday that its shareholders approved the company's proposed merger with Ellington Financial (EFC) at a special shareholder meeting. Ellington Financial shares were down 0.5%.
Franklin Resources (BEN) said late Tuesday it raised its quarterly dividend 3.3% to $0.31 a share, payable Jan. 12 to shareholders of record Jan. 3. The company's shares were up 0.2%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY) announced an agreement late Tuesday to merge in an all-stock deal valued at about $207 million, or $21.31 per Codorus share. Arlington Asset Investment (AAIC) said late Tuesday that its shareholders approved the company's proposed merger with Ellington Financial (EFC) at a special shareholder meeting. Franklin Resources (BEN) said late Tuesday it raised its quarterly dividend 3.3% to $0.31 a share, payable Jan. 12 to shareholders of record Jan. 3.
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Financial stocks were edging higher premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) up 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%. Ellington Financial shares were down 0.5%.
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The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%. Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY) announced an agreement late Tuesday to merge in an all-stock deal valued at about $207 million, or $21.31 per Codorus share. Arlington Asset Investment (AAIC) said late Tuesday that its shareholders approved the company's proposed merger with Ellington Financial (EFC) at a special shareholder meeting.
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The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%. Codorus stock was up more than 3.4% in recent Wednesday premarket activity. Arlington Asset Investment (AAIC) said late Tuesday that its shareholders approved the company's proposed merger with Ellington Financial (EFC) at a special shareholder meeting.
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12d2b95e-205b-4b49-9b28-e8da1b0ea697
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712183.0
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2023-12-13 00:00:00 UTC
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3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income
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DCOMP
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https://www.nasdaq.com/articles/3-top-ranked-dividend-stocks%3A-a-smarter-way-to-boost-your-retirement-income-115
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nan
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nan
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Here's a revealing data point: older Americans are scared more of outliving wealth than of death itself.
And older Americans have legitimate reasons for this worry, even if they have dutifully saved for their golden years. That's because the traditional ways people manage retirement may no longer provide enough income to meet expenses - and with people generally living longer, the principal retirement savings is exhausted far too early in the retirement period.
Retirement investing approaches of the past don't work today.
For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs. However, these yields have dwindled over time: 10-year Treasury bond rates in the late 1990s were around 6.50%, but today, that rate is a thing of the past, with a slim likelihood of rates making a comeback in the foreseeable future.
That means if you had $1 million in 10-year Treasuries, the difference in yield between 1999 and today is more than $1 million.
And lower bond yields aren't the only potential problem seniors are facing. Today's retirees aren't feeling as secure as they once did about Social Security, either. Benefit checks will still be coming for the foreseeable future, but based on current estimates, Social Security funds will run out of money in 2035.
So what's a retiree to do? You could cut your expenses to the bone, and take the risk that your Social Security checks don't shrink. Or you could find an alternative investment that provides a steady, higher-rate income stream to replace dwindling bond yields.
Invest in Dividend Stocks
As we see it, dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplant low risk, low yielding Treasury and fixed-income alternatives.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
First Savings Financial (FSFG) is currently shelling out a dividend of $0.14 per share, with a dividend yield of 3.67%. This compares to the Financial - Savings and Loan industry's yield of 3.19% and the S&P 500's yield of 1.66%. The company's annualized dividend growth in the past year was 7.69%. Check First Savings Financial (FSFG) dividend history here>>>
M&T Bank Corporation (MTB) is paying out a dividend of $1.3 per share at the moment, with a dividend yield of 3.95% compared to the Banks - Major Regional industry's yield of 3.95% and the S&P 500's yield. The annualized dividend growth of the company was 8.33% over the past year. Check M&T Bank Corporation (MTB) dividend history here>>>
Currently paying a dividend of $1.7 per share, Park Hotels & Resorts (PK) has a dividend yield of 3.89%. This is compared to the REIT and Equity Trust - Other industry's yield of 4.18% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 1400%. Check Park Hotels & Resorts (PK) dividend history here>>>
But aren't stocks generally more risky than bonds?
The fact is that stocks, as an asset class, carry more risk than bonds. To counterbalance this, invest in superior quality dividend stocks that not only can grow over time but more significantly, can also decrease your overall portfolio volatility with respect to the broader stock market.
A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you're interested in investing in dividends, but are thinking about mutual funds or ETFs rather than stocks, beware of fees. Mutual funds and specialized ETFs may carry high fees, which could lower the overall gains you earn from dividends, undercutting your dividend income strategy. Be sure to look for funds with low fees if you decide on this approach.
Bottom Line
Whether you select high-quality, low-fee funds or stocks, seeking the steady income of dividend-paying equities can potentially offer you a path to a better and more stress-free retirement.
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
First Savings Financial Group, Inc. (FSFG) : Free Stock Analysis Report
M&T Bank Corporation (MTB) : Free Stock Analysis Report
Park Hotels & Resorts Inc. (PK) : 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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Benefit checks will still be coming for the foreseeable future, but based on current estimates, Social Security funds will run out of money in 2035. Bottom Line Whether you select high-quality, low-fee funds or stocks, seeking the steady income of dividend-paying equities can potentially offer you a path to a better and more stress-free retirement. 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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Invest in Dividend Stocks As we see it, dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplant low risk, low yielding Treasury and fixed-income alternatives. Check M&T Bank Corporation (MTB) dividend history here>>> Currently paying a dividend of $1.7 per share, Park Hotels & Resorts (PK) has a dividend yield of 3.89%. Click to get this free report First Savings Financial Group, Inc. (FSFG) : Free Stock Analysis Report M&T Bank Corporation (MTB) : Free Stock Analysis Report Park Hotels & Resorts Inc. (PK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Check First Savings Financial (FSFG) dividend history here>>> M&T Bank Corporation (MTB) is paying out a dividend of $1.3 per share at the moment, with a dividend yield of 3.95% compared to the Banks - Major Regional industry's yield of 3.95% and the S&P 500's yield. A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income. Click to get this free report First Savings Financial Group, Inc. (FSFG) : Free Stock Analysis Report M&T Bank Corporation (MTB) : Free Stock Analysis Report Park Hotels & Resorts Inc. (PK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income. Mutual funds and specialized ETFs may carry high fees, which could lower the overall gains you earn from dividends, undercutting your dividend income strategy. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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367f8d52-3c35-4ba6-bff7-bf5632d885ab
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712184.0
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2023-12-13 00:00:00 UTC
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Why Kroger (KR) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-kroger-kr-is-a-top-growth-stock-for-the-long-term-0
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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.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To 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.
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: Kroger (KR)
The Kroger Co., which operates in the thin-margin grocery industry, has been undergoing a complete makeover, not only with respect to products but also in terms of the way consumers prefer shopping grocery. The company is focusing on plant-based products as well as eyeing technological expansion. It acquired meal kit company Home Chef and partnered with British online grocery delivery firm Ocado that reinforces its position in the online ordering, automated fulfillment and home delivery space. It has also introduced grocery delivery service Kroger Ship and inked a deal with driverless car company Nuro.
KR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. KR has a Growth Style Score of B, forecasting year-over-year earnings growth of 8% for the current fiscal year.
For fiscal 2024, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $4.57 per share. KR boasts an average earnings surprise of 6.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, KR 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
The Kroger Co. (KR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. 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. 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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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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. 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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e5905981-3db4-4523-8803-697b48efb017
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712185.0
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2023-12-13 00:00:00 UTC
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Why This 1 Growth 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-growth-stock-could-be-a-great-addition-to-your-portfolio-289
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you 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.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
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: Fastenal (FAST)
Based in Winona, MN, Fastenal Company is a national wholesale distributor of industrial and construction supplies. The company distributes its products through more than 3,200 company-owned stores, mostly located in North America.
FAST is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. FAST has a Growth Style Score of A, forecasting year-over-year earnings growth of 5.8% for the current fiscal year.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0 to $2 per share. FAST also boasts an average earnings surprise of 2.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, FAST 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
Fastenal Company (FAST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. 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. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Click to get this free report Fastenal Company (FAST) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. 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.
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That's where the Style Scores come in. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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31cebeae-87a2-47a3-8305-9c4881a471f3
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712186.0
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2023-12-13 00:00:00 UTC
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Here's Why Ryanair (RYAAY) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-ryanair-ryaay-is-a-strong-growth-stock-1
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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.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To 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: Ryanair (RYAAY)
Ryanair Holdings is the parent company of Ryanair Designated Activity Company (formerly known as Ryanair Limited). Ryanair, which commenced its flight operations in 1985, is based in headquartered in Swords, Ireland.
RYAAY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. RYAAY has a Growth Style Score of A, forecasting year-over-year earnings growth of 21.7% for the current fiscal year.
One analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.23 to $8.87 per share. RYAAY also boasts an average earnings surprise of 18%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, RYAAY 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
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. 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. 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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 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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That's where the Style Scores come in. RYAAY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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fb73370d-b54c-474c-86f1-fd2ab0d67c88
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712187.0
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2023-12-13 00:00:00 UTC
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The "Magnificent Seven" Stocks Crushed Wall Street in 2023, but This Stock Could Continue the Party in 2024
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https://www.nasdaq.com/articles/the-magnificent-seven-stocks-crushed-wall-street-in-2023-but-this-stock-could-continue-the
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The "Magnificent Seven," a select group of the world's largest technology companies, has been the story of Wall Street this year. These stocks have seen gains of between 50% and 219% since in 2023.
Such gains aren't typical for stocks, especially those that are already among the largest market cap companies on the planet. It's fair to wonder whether the party will end in 2024.
Unfortunately, these types of gains probably won't go on forever. However, there could be one exception, one of the "Magnificent Seven" that's just getting started.
A year for the ages
If you're unfamiliar with the Magnificent Seven, they are Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA). They are not only leaders in their fields but have massive revenue and profits, are trusted brands, and have the attention of investors and consumers.
It's been a great year if you've been holding these stocks. The most popular stocks don't always perform well, but 2023 was an extraordinary year.
AAPL data by YCharts.
Investors must always put things in context, and this is no exception. While these stocks have gone to the metaphorical moon, their valuations have mostly followed. Their forward price-to-earnings ratios have risen by as much as 160%, except for one.
AAPL PE Ratio (Forward) data by YCharts.
Chip company Nvidia's forward earnings valuation actually fell despite its massive share price growth this year. That's because Nvidia is at the front of a generational growth opportunity, similar to what the internet or cloud technology did for the modern economy.
A $2 trillion industry in the making
Nvidia emerged as a force in artificial intelligence (AI). AI models require a ton of computing power to process immense amounts of data quickly. The hardware that provides that power is what allows users to type complex questions into large language models like ChatGPT and get detailed answers in seconds. Nvidia specializes in chips designed for these high-compute workloads.
Analysts estimate that it has a market share of between 70% and 95% in that slice of the chip market, dominating an industry with billions of dollars of investment pouring in. That shows up in Nvidia's financials, too, where its revenue growth has taken off in 2023.
NVDA Revenue (Quarterly YoY Growth) data by YCharts.
This could only be the beginning. Lisa Su, CEO of rival Advanced Micro Devices, has predicted the AI chip market will balloon to over $400 billion in the coming years. Researchers at Statista believe the global AI market opportunity will be worth as much as $2 trillion by 2030.
Even if AMD and other competitors chip away at Nvidia's market share, the growth of the pie could offset a lot of what they take from it. Remember, Nvidia's companywide revenue is at $45 billion today. A $400 billion chip market that Nvidia dominates should translate to years of revenue growth.
Somehow, Nvidia stock is still affordable
If these predictions are remotely accurate, you can make the case that Nvidia is still cheap today. Analysts believe Nvidia's earnings per share will come in at around $12.29 for the year. That gives it a price-to-earnings ratio of 38.
Growth expectations rocketed higher as Nvidia's growth accelerated and showed the impact AI could have on its business.
NVDA EPS LT Growth Estimates data by YCharts.
For a business growing earnings at 39%, a price-to-earnings ratio of 38 is a fine valuation. There are risks, in that Nvidia must live up to these high expectations. The stock has also risen by more than 200% since January, and any stock on that kind of a tear can cool off, so investors should expect some volatility.
But when all is said and done, AI would have to be a complete fluke for the long-term trend to point anywhere but up. Nvidia controls most of the market's AI chips, the building blocks of this new technology. That's a great driver's seat for the company and an opportunity for investors to ride Nvidia higher.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. 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 hardware that provides that power is what allows users to type complex questions into large language models like ChatGPT and get detailed answers in seconds. Lisa Su, CEO of rival Advanced Micro Devices, has predicted the AI chip market will balloon to over $400 billion in the coming years. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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A year for the ages If you're unfamiliar with the Magnificent Seven, they are Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA). Chip company Nvidia's forward earnings valuation actually fell despite its massive share price growth this year. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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A year for the ages If you're unfamiliar with the Magnificent Seven, they are Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA). A $400 billion chip market that Nvidia dominates should translate to years of revenue growth. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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Chip company Nvidia's forward earnings valuation actually fell despite its massive share price growth this year. A $400 billion chip market that Nvidia dominates should translate to years of revenue growth. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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712188.0
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2023-12-13 00:00:00 UTC
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General Electric's (GE) Unit to Upgrade Shuaiba Plant in Kuwait
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https://www.nasdaq.com/articles/general-electrics-ge-unit-to-upgrade-shuaiba-plant-in-kuwait
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General Electric Company’s GE unit GE Vernova’s Gas Power business has secured a multi-year services deal from Malaysia and Kuwait-based engineering company TNB REMACO – Al Dhow Joint Venture to upgrade gas turbines installed at Kuwait’s Ministry of Electricity & Water & Renewable Energy’s Shuaiba North Power Station.
GE Vernova is the combined operations of GE Digital, Renewable Energy and GE Power. Its Gas Power business includes General Electric’s gas lifecycle business (including Power Services and Gas Power Systems businesses).
Al Ahmadi, Kuwait-based 876 Megawatt Shuaiba North Power station has three electricity generating blocks. Each electricity block contains a 9F.03 gas turbine and generator from General Electric. Per the five-year agreement, the company will elevate the combustion technology installed on the gas turbines to the Dry Low Nox DLN2.6+ combustion system to improve combustor operability, lessen emissions levels, expand turndown capability and increase hardware inspection intervals.
GE will also supply parts and its Asset Performance Management software in the cloud, and provide repairs and field services. This is likely to enhance asset reliability, availability and productivity to help contribute to the long-term energy security requirements of the country.
Price Performance
In the past year, the GE stock has gained 50.2% against the industry’s 7.2% decline.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
General Electric currently carries a Zacks Rank #3 (Hold). Some better-ranked companies have been discussed below.
Federal Signal Corporation FSS presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FSS delivered a trailing four-quarter average earnings surprise of 8.1%. In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2023 earnings has increased 3.3%. The stock has risen 62.1% in the past year.
ITT Inc. ITT presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 8%.
The consensus estimate for ITT’s 2023 earnings has increased 2% in the past 60 days. Shares of ITT have rallied 39.7% in the past year.
A. O. Smith Corporation AOS currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 14%.
In the past 60 days, the consensus estimate for A. O. Smith’s 2023 earnings has improved 5%. The stock has risen 35% in the past year.
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
General Electric Company (GE) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
ITT Inc. (ITT) : Free Stock Analysis Report
Federal Signal Corporation (FSS) : 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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General Electric Company’s GE unit GE Vernova’s Gas Power business has secured a multi-year services deal from Malaysia and Kuwait-based engineering company TNB REMACO – Al Dhow Joint Venture to upgrade gas turbines installed at Kuwait’s Ministry of Electricity & Water & Renewable Energy’s Shuaiba North Power Station. GE will also supply parts and its Asset Performance Management software in the cloud, and provide repairs and field 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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Its Gas Power business includes General Electric’s gas lifecycle business (including Power Services and Gas Power Systems businesses). Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider General Electric currently carries a Zacks Rank #3 (Hold). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Electric Company’s GE unit GE Vernova’s Gas Power business has secured a multi-year services deal from Malaysia and Kuwait-based engineering company TNB REMACO – Al Dhow Joint Venture to upgrade gas turbines installed at Kuwait’s Ministry of Electricity & Water & Renewable Energy’s Shuaiba North Power Station. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider General Electric currently carries a Zacks Rank #3 (Hold). Click to get this free report General Electric Company (GE) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Electric Company’s GE unit GE Vernova’s Gas Power business has secured a multi-year services deal from Malaysia and Kuwait-based engineering company TNB REMACO – Al Dhow Joint Venture to upgrade gas turbines installed at Kuwait’s Ministry of Electricity & Water & Renewable Energy’s Shuaiba North Power Station. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider General Electric currently carries a Zacks Rank #3 (Hold). Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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712189.0
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2023-12-13 00:00:00 UTC
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Energy Sector Update for 12/13/2023: EOSE, UGI
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https://www.nasdaq.com/articles/energy-sector-update-for-12-13-2023%3A-eose-ugi
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Energy stocks rose premarket Wednesday as the Energy Select Sector SPDR Fund (XLE) was 0.3% higher. The United States Oil Fund (USO) was up 0.9%, and the United States Natural Gas Fund (UNG) advanced 1.1%.
Front-month US West Texas Intermediate crude was up 1.1% to $69.36 per barrel at the New York Mercantile Exchange. Global benchmark Brent crude was up 1% at $73.96. Natural-gas futures were up 0.7% to $2.33 per 1 million BTU.
In company news, Eos Energy Enterprises (EOSE) rallied 4.5%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate Renewables to expand their partnership in energy storage installations.
UGI (UGI) said Tuesday it has named Mario Longhi as interim chief executive, succeeding Roger Perreault, who stepped down as president and CEO, effective immediately. The company's shares were up 0.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Front-month US West Texas Intermediate crude was up 1.1% to $69.36 per barrel at the New York Mercantile Exchange. In company news, Eos Energy Enterprises (EOSE) rallied 4.5%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate Renewables to expand their partnership in energy storage installations. UGI (UGI) said Tuesday it has named Mario Longhi as interim chief executive, succeeding Roger Perreault, who stepped down as president and CEO, effective immediately.
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The United States Oil Fund (USO) was up 0.9%, and the United States Natural Gas Fund (UNG) advanced 1.1%. In company news, Eos Energy Enterprises (EOSE) rallied 4.5%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate Renewables to expand their partnership in energy storage installations. UGI (UGI) said Tuesday it has named Mario Longhi as interim chief executive, succeeding Roger Perreault, who stepped down as president and CEO, effective immediately.
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Front-month US West Texas Intermediate crude was up 1.1% to $69.36 per barrel at the New York Mercantile Exchange. In company news, Eos Energy Enterprises (EOSE) rallied 4.5%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate Renewables to expand their partnership in energy storage installations. UGI (UGI) said Tuesday it has named Mario Longhi as interim chief executive, succeeding Roger Perreault, who stepped down as president and CEO, effective immediately.
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The United States Oil Fund (USO) was up 0.9%, and the United States Natural Gas Fund (UNG) advanced 1.1%. Front-month US West Texas Intermediate crude was up 1.1% to $69.36 per barrel at the New York Mercantile Exchange. In company news, Eos Energy Enterprises (EOSE) rallied 4.5%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate Renewables to expand their partnership in energy storage installations.
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712190.0
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2023-12-13 00:00:00 UTC
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Realty Income (O) Rewards Investors With 123rd Dividend Hike
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https://www.nasdaq.com/articles/realty-income-o-rewards-investors-with-123rd-dividend-hike
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Boosting shareholders’ wealth, Realty Income Corporation O announced an increase in its common stock monthly cash dividend to 25.65 cents per share from 25.60 cents paid out earlier. This marked its 123rd common stock monthly dividend hike since its listing on the NYSE in 1994.
The increased dividend will be paid out on Jan 12 to shareholders of record as of Jan 2, 2023. The latest dividend rate marks an annualized amount of $3.078 per share compared with the prior rate of $3.072. Based on the company’s share price of $54.48 on Dec 12, the latest hike results in a dividend yield of 5.65%.
Though the latest hike marks a marginal increase from the prior dividend, the latest dividend announced will be the company’s 642nd consecutive monthly dividend payout in its 54-year operating history.
Solid dividend payouts are the biggest enticements for real estate investment trust (REIT) investors, and Realty Income is committed to boosting its shareholder wealth. This retail REIT holds the trademark of the phrase “The Monthly Dividend Company.” It has made 105 consecutive quarterly dividend hikes. This retail REIT has witnessed compound average annual dividend growth of 4.3% since its listing on the NYSE.
Moreover, Realty Income has increased its dividend 23 times in the last five years and has a five-year annualized dividend growth rate of 3.05%. Check Realty Income’s dividend history here.
O's high-quality portfolio and its ability to generate sufficient cash flow through its operating platform are reflected in the latest hike. The majority of its annualized retail contractual rental revenues are generated by clients who have a service, non-discretionary and/or low-price-point component to their business. Such businesses are less likely to be affected by economic downturns and competition from online sales.
These provide more reliable streams of income, which boost the stability of rental revenues and generate predictable cash flows. For 2023, we estimate the company’s rental revenues (excluding reimbursables) to increase 17.1% year over year.
Moreover, Realty Income’s diversified tenant base and accretive buyouts bode well for its long-term growth. In November, it entered into a joint venture with Digital Realty DLR to facilitate the development of two build-to-suit data centers in Northern Virginia. It invested approximately $200 million, securing an 80% equity interest in the venture, while Digital Realty maintains a 20% interest. This marks the retail REIT’s maiden foray into the data center sector. The latest move is in sync with the company’s portfolio diversification efforts.
Realty Income maintains a healthy balance sheet position and exited the third quarter of 2023 with $4.5 billion of liquidity. The company ended the quarter with modest leverage and strong coverage metrics with net debt to annualized pro forma adjusted EBITDAre of 5.2X and a fixed charge coverage of 4.5X. O also enjoys a credit rating of A- (Stable) and A3 (Stable) from Standard & Poor’s and Moody’s, respectively, which provides access to the debt market at favorable costs.
With ample financial flexibility, the company remains well-poised to respond to any challenges and bank on growth opportunities. Moreover, with healthy operating fundamentals, a solid financial position and a lower debt-to-equity ratio compared with the industry, we expect the latest dividend rate to be sustainable.
Shares of this Zacks Rank #2 (Buy) company have gained 4.5% in the past month compared with the industry’s rise of 4.7%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks from the REIT sector are Tanger Inc. SKT and Equinix EQIX.
The Zacks Consensus Estimate for Tanger’s ongoing year’s FFO per share has been revised 1.6% upward in the past month to $1.94. Currently, SKT sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EQIX carries a Zacks Rank #2 at present. The Zacks Consensus Estimate for Equinix’s current-year FFO per share has been raised marginally in the past week to $32.07.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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
Equinix, Inc. (EQIX) : Free Stock Analysis Report
Digital Realty Trust, Inc. (DLR) : Free Stock Analysis Report
Tanger Inc. (SKT) : Free Stock Analysis Report
Realty Income Corporation (O) : 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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Solid dividend payouts are the biggest enticements for real estate investment trust (REIT) investors, and Realty Income is committed to boosting its shareholder wealth. Moreover, with healthy operating fundamentals, a solid financial position and a lower debt-to-equity ratio compared with the industry, we expect the latest dividend rate to be sustainable. 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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Boosting shareholders’ wealth, Realty Income Corporation O announced an increase in its common stock monthly cash dividend to 25.65 cents per share from 25.60 cents paid out earlier. Though the latest hike marks a marginal increase from the prior dividend, the latest dividend announced will be the company’s 642nd consecutive monthly dividend payout in its 54-year operating history. Click to get this free report Equinix, Inc. (EQIX) : Free Stock Analysis Report Digital Realty Trust, Inc. (DLR) : Free Stock Analysis Report Tanger Inc. (SKT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Though the latest hike marks a marginal increase from the prior dividend, the latest dividend announced will be the company’s 642nd consecutive monthly dividend payout in its 54-year operating history. Moreover, Realty Income has increased its dividend 23 times in the last five years and has a five-year annualized dividend growth rate of 3.05%. Click to get this free report Equinix, Inc. (EQIX) : Free Stock Analysis Report Digital Realty Trust, Inc. (DLR) : Free Stock Analysis Report Tanger Inc. (SKT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Though the latest hike marks a marginal increase from the prior dividend, the latest dividend announced will be the company’s 642nd consecutive monthly dividend payout in its 54-year operating history. Shares of this Zacks Rank #2 (Buy) company have gained 4.5% in the past month compared with the industry’s rise of 4.7%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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15b4f28a-2a9e-4d1f-9935-2623d8ff654f
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712191.0
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2023-12-13 00:00:00 UTC
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HYG, QGRW: Big ETF Inflows
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DCOMP
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https://www.nasdaq.com/articles/hyg-qgrw%3A-big-etf-inflows
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, which added 12,500,000 units, or a 5.5% increase week over week.
And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree U.S. Quality Growth Fund, which added 825,000 units, for a 35.5% increase in outstanding units. Among the largest underlying components of QGRW, in morning trading today Apple is up about 0.9%, and Microsoft is higher by about 0.2%.
VIDEO: HYG, QGRW: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, which added 12,500,000 units, or a 5.5% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree U.S. Quality Growth Fund, which added 825,000 units, for a 35.5% increase in outstanding units. Among the largest underlying components of QGRW, in morning trading today Apple is up about 0.9%, and Microsoft is higher by about 0.2%.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, which added 12,500,000 units, or a 5.5% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree U.S. Quality Growth Fund, which added 825,000 units, for a 35.5% increase in outstanding units. VIDEO: HYG, QGRW: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, which added 12,500,000 units, or a 5.5% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree U.S. Quality Growth Fund, which added 825,000 units, for a 35.5% increase in outstanding units. VIDEO: HYG, QGRW: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, which added 12,500,000 units, or a 5.5% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree U.S. Quality Growth Fund, which added 825,000 units, for a 35.5% increase in outstanding units. Among the largest underlying components of QGRW, in morning trading today Apple is up about 0.9%, and Microsoft is higher by about 0.2%.
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6ff0cd5c-2699-4cf4-a7b8-0c0cfd7b75ef
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712192.0
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2023-12-13 00:00:00 UTC
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Twilio (TWLO) to Help Jack Henry Enhance Financial Services
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DCOMP
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https://www.nasdaq.com/articles/twilio-twlo-to-help-jack-henry-enhance-financial-services
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nan
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nan
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Twilio TWLO extended its long-standing relationship with Jack Henry by providing the latter with its suite of communication and collaboration products. Jack Henry will utilize these products to enhance its Banno Digital Platform with Twilio’s capabilities.
The Banno Digital Platform is a suite of digital banking solutions provided by Jack Henry. It is designed to offer a comprehensive and user-friendly digital experience for banks and credit unions, enabling them to provide customers or members with various online and mobile banking services. As of Jun 30, 2023, the platform boasts close to 10 million registered users.
Jack Henry has been using Twilio products, including 2FA with Authy for two-factor authentication and its Programmable-messaging API-based integrated SMS text alerts, into its system for managing phone numbers, replies, deliverability and compliance.
Twilio Inc. Price and Consensus
Twilio Inc. price-consensus-chart | Twilio Inc. Quote
In 2019, Jack Henry integrated 2FA with Authy into its Banno Digital Platform, replacing its less-secure security questions-based authentication system. This integration also reduced the total number of questions asked during the enrollment process for the Banno Digital Platform.
In 2022, the company broadened the functionalities of the Banno Digital Platform by incorporating Twilio Video. This enabled Jack Henry's customers to establish personalized, one-on-one video interactions.
Expanding its partnership with Jack Henry, Twilio reaffirmed its commitment to establishing and maintaining valuable alliances to maintain a larger market presence. The firm’s communication business, covering Programmable Messaging, Programmable Voice, Email and Account Security, has significantly benefited and is poised for continued growth through the Twilio-Jack Henry Partnership.
TWLO’s key business, the Programmable messaging division, is expected to grow, primarily due to the global Application-to-Person SMS market, which is projected to grow by 4.9% annually from 2023 to 2030, per Grand View Research Report.
Zacks Rank and Stocks to Consider
Twilio carries a Zacks Rank #3 (Hold). Shares of TWLO have gained 45.3% year to date.
Some better-ranked stocks from the broader technology sector are Intel INTC, Upwork UPWK and Science Application SAIC, each sporting Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Intel's fourth-quarter 2023 earnings has been revised 11 cents northward to 44 cents per share in the past 30 days. For fiscal 2023, earnings estimates have moved upward by 34 cents to 95 cents per share in the past 60 days.
INTC’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 136.31%. Shares of INTC have gained 66.6% year to date.
The Zacks Consensus Estimate for Upwork's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 17 cents per share. For fiscal 2023, earnings estimates have been revised 11 cents upward to 48 cents per share in the past 60 days.
UPWK’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 326.89%. Shares of UPWK have soared 36.6% year to date.
The Zacks Consensus Estimate for Science Applications' fourth-quarter 2024 earnings has been revised downward by 4 cents to $1.43 per share in the past seven days. For fiscal 2024, earnings estimates have been revised 11 cents upward to $7.81 per share in the past seven days.
SAIC’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 27.39%. Shares of SAIC have climbed 15.5% year to date.
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
Intel Corporation (INTC) : Free Stock Analysis Report
Science Applications International Corporation (SAIC) : Free Stock Analysis Report
Twilio Inc. (TWLO) : Free Stock Analysis Report
Upwork Inc. (UPWK) : 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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Jack Henry has been using Twilio products, including 2FA with Authy for two-factor authentication and its Programmable-messaging API-based integrated SMS text alerts, into its system for managing phone numbers, replies, deliverability and compliance. Some better-ranked stocks from the broader technology sector are Intel INTC, Upwork UPWK and Science Application SAIC, each sporting Zacks Rank #1 (Strong Buy) at present. 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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Twilio Inc. Price and Consensus Twilio Inc. price-consensus-chart | Twilio Inc. Quote In 2019, Jack Henry integrated 2FA with Authy into its Banno Digital Platform, replacing its less-secure security questions-based authentication system. The Zacks Consensus Estimate for Intel's fourth-quarter 2023 earnings has been revised 11 cents northward to 44 cents per share in the past 30 days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report Upwork Inc. (UPWK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Twilio Inc. Price and Consensus Twilio Inc. price-consensus-chart | Twilio Inc. Quote In 2019, Jack Henry integrated 2FA with Authy into its Banno Digital Platform, replacing its less-secure security questions-based authentication system. The Zacks Consensus Estimate for Intel's fourth-quarter 2023 earnings has been revised 11 cents northward to 44 cents per share in the past 30 days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report Upwork Inc. (UPWK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Banno Digital Platform is a suite of digital banking solutions provided by Jack Henry. The Zacks Consensus Estimate for Science Applications' fourth-quarter 2024 earnings has been revised downward by 4 cents to $1.43 per share in the past seven days. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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4da1446b-8350-4d02-84de-a2dcd1ee060d
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712193.0
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2023-12-13 00:00:00 UTC
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Noteworthy ETF Inflows: SPY, NVDA, GOOGL, META
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-spy-nvda-googl-meta-0
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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 500 ETF Trust (Symbol: SPY) where we have detected an approximate $5 inflow -- that's a 1.2% increase week over week in outstanding units (from 95,4,8,80,,000 to 96,6,5,80,,000). Among the largest underlying components of SPY, in trading today NVIDIA Corp (Symbol: NVDA) is up about 1.4%, Alphabet Inc (Symbol: GOOGL) is up about 0.1%, and Meta Platforms Inc (Symbol: META) is up by about 0.4%. For a complete list of holdings, visit the SPY Holdings page »
The chart below shows the one year price performance of SPY, versus its 200 day moving average:
Looking at the chart above, SPY's low point in its 52 week range is $374.77 per share, with $464.91 as the 52 week high point — that compares with a last trade of $464.85. 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.
Also see:
Top Stocks Held By Nelson Peltz
OFC Historical Stock Prices
TDN 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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For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $374.77 per share, with $464.91 as the 52 week high point — that compares with a last trade of $464.85. 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.
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Among the largest underlying components of SPY, in trading today NVIDIA Corp (Symbol: NVDA) is up about 1.4%, Alphabet Inc (Symbol: GOOGL) is up about 0.1%, and Meta Platforms Inc (Symbol: META) is up by about 0.4%. For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $374.77 per share, with $464.91 as the 52 week high point — that compares with a last trade of $464.85. Also see: Top Stocks Held By Nelson Peltz OFC Historical Stock Prices TDN 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 today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $5 inflow -- that's a 1.2% increase week over week in outstanding units (from 95,4,8,80,,000 to 96,6,5,80,,000). For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $374.77 per share, with $464.91 as the 52 week high point — that compares with a last trade of $464.85. 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 500 ETF Trust (Symbol: SPY) where we have detected an approximate $5 inflow -- that's a 1.2% increase week over week in outstanding units (from 95,4,8,80,,000 to 96,6,5,80,,000). For a complete list of holdings, visit the SPY Holdings page » The chart below shows the one year price performance of SPY, versus its 200 day moving average: Looking at the chart above, SPY's low point in its 52 week range is $374.77 per share, with $464.91 as the 52 week high point — that compares with a last trade of $464.85. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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51247943-41ca-4618-a54b-f256c9568e0b
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712194.0
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2023-12-13 00:00:00 UTC
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The Math Shows EPS Can Go To $54
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DCOMP
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https://www.nasdaq.com/articles/the-math-shows-eps-can-go-to-%2454
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the WisdomTree U.S. LargeCap Fund ETF (Symbol: EPS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $53.61 per unit.
With EPS trading at a recent price near $48.78 per unit, that means that analysts see 9.90% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EPS's underlying holdings with notable upside to their analyst target prices are Veeva Systems Inc (Symbol: VEEV), Enphase Energy Inc. (Symbol: ENPH), and American Financial Group Inc (Symbol: AFG). Although VEEV has traded at a recent price of $175.16/share, the average analyst target is 15.43% higher at $202.19/share. Similarly, ENPH has 14.52% upside from the recent share price of $99.82 if the average analyst target price of $114.31/share is reached, and analysts on average are expecting AFG to reach a target price of $134.00/share, which is 13.64% above the recent price of $117.92. Below is a twelve month price history chart comparing the stock performance of VEEV, ENPH, and AFG:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
WisdomTree U.S. LargeCap Fund ETF EPS $48.78 $53.61 9.90%
Veeva Systems Inc VEEV $175.16 $202.19 15.43%
Enphase Energy Inc. ENPH $99.82 $114.31 14.52%
American Financial Group Inc AFG $117.92 $134.00 13.64%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Top Ten Hedge Funds Holding PIPP
PXSC Historical Stock Prices
MCFE 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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WisdomTree U.S. LargeCap Fund ETF EPS $48.78 $53.61 9.90% Veeva Systems Inc VEEV $175.16 $202.19 15.43% Enphase Energy Inc. ENPH $99.82 $114.31 14.52% American Financial Group Inc AFG $117.92 $134.00 13.64% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? 10 ETFs With Most Upside To Analyst Targets » Also see: Top Ten Hedge Funds Holding PIPP PXSC Historical Stock Prices MCFE 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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Three of EPS's underlying holdings with notable upside to their analyst target prices are Veeva Systems Inc (Symbol: VEEV), Enphase Energy Inc. (Symbol: ENPH), and American Financial Group Inc (Symbol: AFG). Similarly, ENPH has 14.52% upside from the recent share price of $99.82 if the average analyst target price of $114.31/share is reached, and analysts on average are expecting AFG to reach a target price of $134.00/share, which is 13.64% above the recent price of $117.92. WisdomTree U.S. LargeCap Fund ETF EPS $48.78 $53.61 9.90% Veeva Systems Inc VEEV $175.16 $202.19 15.43% Enphase Energy Inc. ENPH $99.82 $114.31 14.52% American Financial Group Inc AFG $117.92 $134.00 13.64% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, ENPH has 14.52% upside from the recent share price of $99.82 if the average analyst target price of $114.31/share is reached, and analysts on average are expecting AFG to reach a target price of $134.00/share, which is 13.64% above the recent price of $117.92. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With EPS trading at a recent price near $48.78 per unit, that means that analysts see 9.90% upside for this ETF looking through to the average analyst targets of the underlying holdings. WisdomTree U.S. LargeCap Fund ETF EPS $48.78 $53.61 9.90% Veeva Systems Inc VEEV $175.16 $202.19 15.43% Enphase Energy Inc. ENPH $99.82 $114.31 14.52% American Financial Group Inc AFG $117.92 $134.00 13.64% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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c92ca956-6af2-4e7e-924f-fb192d5e6932
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712195.0
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2023-12-13 00:00:00 UTC
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KRE, FHN, WAL, TFC: Large Inflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/kre-fhn-wal-tfc%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 SPDR S&P Regional Banking ETF (Symbol: KRE) where we have detected an approximate $341.9 million dollar inflow -- that's a 10.6% increase week over week in outstanding units (from 66,250,000 to 73,300,000). Among the largest underlying components of KRE, in trading today First Horizon Corp (Symbol: FHN) is up about 1.5%, Western Alliance Bancorporation (Symbol: WAL) is up about 0.7%, and Truist Financial Corp (Symbol: TFC) is up by about 0.2%. For a complete list of holdings, visit the KRE Holdings page » The chart below shows the one year price performance of KRE, versus its 200 day moving average:
Looking at the chart above, KRE's low point in its 52 week range is $34.52 per share, with $65.315 as the 52 week high point — that compares with a last trade of $48.88. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
BDCV Insider Buying
Institutional Holders of FMAT
Edwards Lifesciences RSI
The views and 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: BDCV Insider Buying Institutional Holders of FMAT Edwards Lifesciences RSI The views and 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 KRE, in trading today First Horizon Corp (Symbol: FHN) is up about 1.5%, Western Alliance Bancorporation (Symbol: WAL) is up about 0.7%, and Truist Financial Corp (Symbol: TFC) is up by about 0.2%. For a complete list of holdings, visit the KRE Holdings page » The chart below shows the one year price performance of KRE, versus its 200 day moving average: Looking at the chart above, KRE's low point in its 52 week range is $34.52 per share, with $65.315 as the 52 week high point — that compares with a last trade of $48.88. 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''.
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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 Regional Banking ETF (Symbol: KRE) where we have detected an approximate $341.9 million dollar inflow -- that's a 10.6% increase week over week in outstanding units (from 66,250,000 to 73,300,000). For a complete list of holdings, visit the KRE Holdings page » The chart below shows the one year price performance of KRE, versus its 200 day moving average: Looking at the chart above, KRE's low point in its 52 week range is $34.52 per share, with $65.315 as the 52 week high point — that compares with a last trade of $48.88. 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 Regional Banking ETF (Symbol: KRE) where we have detected an approximate $341.9 million dollar inflow -- that's a 10.6% increase week over week in outstanding units (from 66,250,000 to 73,300,000). For a complete list of holdings, visit the KRE Holdings page » The chart below shows the one year price performance of KRE, versus its 200 day moving average: Looking at the chart above, KRE's low point in its 52 week range is $34.52 per share, with $65.315 as the 52 week high point — that compares with a last trade of $48.88. 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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ada9e49e-0080-4205-aad9-8496e013bb02
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712196.0
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2023-12-13 00:00:00 UTC
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Comcast's (CMCSA) Xfinity Introduces the Xumo Stream Box
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DCOMP
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https://www.nasdaq.com/articles/comcasts-cmcsa-xfinity-introduces-the-xumo-stream-box
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nan
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nan
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Comcast’s CMCSA Xfinity Internet subscribers have a fresh option for in-home streaming entertainment with the introduction of the Xumo Stream Box. With no extra monthly charge, the Xumo Stream Box operates on EntertainmentOS, Comcast's latest entertainment platform designed to simplify the process for customers to discover and enjoy their preferred content.
Xumo Stream Box revolutionizes the home entertainment experience by prioritizing viewer engagement over search time. With an included voice remote, users can effortlessly search for shows or movies across multiple apps, benefiting from AI-driven personalization and editorial recommendations.
The Xumo Stream Box, along with Sky Glass and Sky Stream, is the latest device utilizing EntertainmentOS, Comcast's innovative entertainment platform. This platform combines an intuitive user interface, a robust metadata system and award-winning voice technology to create a scalable and seamless entertainment experience. EntertainmentOS is based on the RDK-powered global technology platform, which is responsible for delivering nearly five billion entertainment streams weekly to Comcast, Sky, Xumo and syndication partners.
This is expected to aid Comcast’s total domestic broadband customers in the upcoming quarters.
The Zacks Consensus Estimate for the company’s 2023 total domestic broadband customers is pegged at 32.25 million, indicating year-over-year growth of 0.29%. The consensus mark for earnings is pegged at $3.93 per share, indicating year-over-year growth of 7.97%.
Shares of CMCSA, which currently carries a Zacks Rank #2 (Buy), have returned 22% year to date compared with the Zacks Consumer Discretionary sector’s 13.7% rise because it has consistently catered to the changing needs of customers. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Comcast Corporation Price and Consensus
Comcast Corporation price-consensus-chart | Comcast Corporation Quote
Xumo to Face Tough Competition in the Streaming Device Market
Xumo Stream Box, which is currently only available for Xfinity Internet customers at no cost, is building a customer base by attracting new clientele. This will help it to counter the competition in the streaming market. The company would like to stay ahead of the market while catering to the customers’ changing needs.
It is set to face tough competition from already established players like Roku ROKU, Amazon AMZN and Alphabet GOOGL. These players are already well-known in the industry and have a huge customer base.
Roku stands out as the preferred streaming system, boasting the largest selection of streaming apps, an uncomplicated interface and an unparalleled search function. Its platform remains neutral, not favoring any specific media streaming service provider like Amazon Prime Video or Google. The Express 4K Plus streaming media player is recognized as one of the most budget-friendly options for streaming TV in 4K HDR, thus making it a cost-effective choice even if your current TV doesn't support these formats.
Amazon’s new Fire TV Stick 4K Max (2023) exhibits rapid app loading and seamless system navigation. Notably, it comes equipped with Wi-Fi 6E and supports the latest playback standards, including Dolby Vision. For users deeply integrated into the Amazon ecosystem, the new Ambience mode can display real-time delivery information on the TV screen. Although the second generation is only slightly better specified than the original Max, it is now officially recognized as the top-performing Fire Stick currently available.
The Chromecast with Google TV 4K is one of the best devices on the market. Chromecast outdoes others due to its Dolby Vision compatibility but its biggest smart device strength is Google Assistant voice search, which works well for finding stuff to watch. The interface is more evolved-looking than other options, but ultimately, we prefer a simpler approach, no-nonsense search results and lower price.
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Roku, Inc. (ROKU) : 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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With no extra monthly charge, the Xumo Stream Box operates on EntertainmentOS, Comcast's latest entertainment platform designed to simplify the process for customers to discover and enjoy their preferred content. EntertainmentOS is based on the RDK-powered global technology platform, which is responsible for delivering nearly five billion entertainment streams weekly to Comcast, Sky, Xumo and syndication partners. Chromecast outdoes others due to its Dolby Vision compatibility but its biggest smart device strength is Google Assistant voice search, which works well for finding stuff to watch.
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The Xumo Stream Box, along with Sky Glass and Sky Stream, is the latest device utilizing EntertainmentOS, Comcast's innovative entertainment platform. Comcast Corporation Price and Consensus Comcast Corporation price-consensus-chart | Comcast Corporation Quote Xumo to Face Tough Competition in the Streaming Device Market Xumo Stream Box, which is currently only available for Xfinity Internet customers at no cost, is building a customer base by attracting new clientele. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Xumo Stream Box, along with Sky Glass and Sky Stream, is the latest device utilizing EntertainmentOS, Comcast's innovative entertainment platform. Comcast Corporation Price and Consensus Comcast Corporation price-consensus-chart | Comcast Corporation Quote Xumo to Face Tough Competition in the Streaming Device Market Xumo Stream Box, which is currently only available for Xfinity Internet customers at no cost, is building a customer base by attracting new clientele. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Roku, Inc. (ROKU) : 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 2023 total domestic broadband customers is pegged at 32.25 million, indicating year-over-year growth of 0.29%. Comcast Corporation Price and Consensus Comcast Corporation price-consensus-chart | Comcast Corporation Quote Xumo to Face Tough Competition in the Streaming Device Market Xumo Stream Box, which is currently only available for Xfinity Internet customers at no cost, is building a customer base by attracting new clientele. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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df687f17-6e31-42ef-a063-5c8aebb3482f
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712197.0
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2023-12-13 00:00:00 UTC
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Alphabet (GOOGL) Adds Loyalty Cards to Wallet App for Wear OS
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https://www.nasdaq.com/articles/alphabet-googl-adds-loyalty-cards-to-wallet-app-for-wear-os
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Alphabet’s GOOGL Google announced an update to its Wallet app for Wear OS, enabling users to access their loyalty cards.
With the addition of the latest update, Google Wallet on Wear OS now supports all loyalty cards stored on phones or Google Accounts, appearing after payment methods.
Additionally, users can tap on a QR or barcode to view details, scroll down for more information and use shortcuts like “Open on phone” or “Delete pass” on their smartwatches.
Alphabet is expected to gain solid traction across smartwatch users on the back of its latest move. This, in turn, will position the company well to create a strong foothold in the global smartwatch market.
Per a Vantage Market Research report, the global smartwatch market is expected to be valued at $130.06 billion by 2030, exhibiting a CAGR of 18.6% between 2023 and 2030.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Expanding Google Wallet Features
Google is set to introduce a new Wallet notifications feature in Version 23.46.x of Google Wallet on Android, enabling users to send payment notifications directly from the app.
Further, Google announced Wallet updates to support open-loop payment systems, providing a dedicated page for recent activity and ride history, showing saved fare caps, connected payment methods, and network-specific offerings.
Additionally, Google updated its Wallet app with a link-based pass-sharing feature for airline boarding and events. Users can open a pass below the carousel of credit and debit cards and a share button appears. However, undoing the sharing is not possible.
We believe that all the above-mentioned endeavors will likely aid Alphabet in strengthening its footprint in the global digital wallet market.
Per an MMR report, the digital wallet market is expected to reach $3.61 billion by 2029, witnessing a CAGR of 14.8% between 2023 and 2029.
We believe the company’s solid prospects in the promising digital wallet market are expected to instill investor optimism in the stock.
Alphabet has gained 50.2% on a year-to-date basis compared with the industry’s rise of 52.2%.
Moreover, the aforementioned endeavors will aid Alphabet to compete well with some notable industry players like Microsoft MSFT and Apple AAPL, which have positioned themselves well in the digital wallet space.
Microsoft is enjoying the growing momentum of its Edge Wallet with new feature updates.
Microsoft’s recent Wallet app update includes the integration of a cryptocurrency wallet, providing real-time updates on cryptocurrency value fluctuations and logging transactions. The "explore" tab updates users on cryptocurrency news, while the "assets" tab displays NFTs.
Meanwhile, Apple is riding on the success of its Wallet app on iPhone or Apple Watch, which securely stores various cards, IDs and other items, allowing users to carry more while minimizing their device's size.
To Conclude
We believe that strengthening Wallet features will, in turn, aid Alphabet to solidify its Google Services segment’s performance, which constitutes the majority of total revenues.
In third-quarter 2023, Google Services’ revenues increased 10.8% year over year to $67.99 billion, accounting for 88.6% of total revenues.
Our model projects fourth-quarter 2023 Google Services revenues at $72.79 billion, indicating growth of 7.3% from 2022.
Strength in the underlined segment will likely aid its overall financial performance in the upcoming period.
Our model estimate for fourth-quarter 2023 total revenues is pegged at $81.95 billion, indicating year-over-year growth of 7.8%.
Zacks Rank & A Key Pick
Currently, Alphabet carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Badger Meter BMI, sporting Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Badger Meter have gained 39.2% in the year-to-date period. BMI’s long-term earnings growth rate is currently projected at 20.39%.
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
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Badger Meter, Inc. (BMI) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, users can tap on a QR or barcode to view details, scroll down for more information and use shortcuts like “Open on phone” or “Delete pass” on their smartwatches. Moreover, the aforementioned endeavors will aid Alphabet to compete well with some notable industry players like Microsoft MSFT and Apple AAPL, which have positioned themselves well in the digital wallet space. To Conclude We believe that strengthening Wallet features will, in turn, aid Alphabet to solidify its Google Services segment’s performance, which constitutes the majority of total revenues.
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With the addition of the latest update, Google Wallet on Wear OS now supports all loyalty cards stored on phones or Google Accounts, appearing after payment methods. Our model projects fourth-quarter 2023 Google Services revenues at $72.79 billion, indicating growth of 7.3% from 2022. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alphabet’s GOOGL Google announced an update to its Wallet app for Wear OS, enabling users to access their loyalty cards. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Expanding Google Wallet Features Google is set to introduce a new Wallet notifications feature in Version 23.46.x of Google Wallet on Android, enabling users to send payment notifications directly from the app. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alphabet’s GOOGL Google announced an update to its Wallet app for Wear OS, enabling users to access their loyalty cards. With the addition of the latest update, Google Wallet on Wear OS now supports all loyalty cards stored on phones or Google Accounts, appearing after payment methods. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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7b026380-e85e-4859-a85d-87b3e741d964
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712198.0
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2023-12-13 00:00:00 UTC
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Abercrombie & Fitch and Schneider National have been highlighted as Zacks Bull and Bear of the Day
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https://www.nasdaq.com/articles/abercrombie-fitch-and-schneider-national-have-been-highlighted-as-zacks-bull-and-bear-of
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For Immediate Release
Chicago, IL – December 13, 2023 – Zacks Equity Research shares Abercrombie & Fitch Co. (ANF) as the Bull of the Day and Schneider National, Inc. SNDR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Pilgrim's Pride Corp. PPC, The Kraft Heinz Co. KHC and Ingredion Inc. INGR.
Here is a synopsis of all five stocks:
Bull of the Day:
Abercrombie & Fitch Co. is hitting the retail sweet spot with teens and 20-somethings. This Zacks Rank #1 (Strong Buy) recently raised its full year sales growth target.
Abercrombie & Fitch is a specialty retailer of apparel and accessories for men, women and children. It operates 750 stores under 5 brands, including Abercrombie & Fitch, abercrombie kids, Hollister, Gilly Hicks and Social Tourist, in North America, Europe, Asia and the Middle East. It also operates e-commerce sites for each of those brands.
A Big Earnings Beat in the Fiscal Third Quarter
On Nov 21, 2023, Abercrombie & Fitch reported its fiscal third quarter 2023 results and crushed the Zacks Consensus by 60.5%. Earnings were $1.83 versus the consensus of just $1.14. It was the third big beat in a row.
Net sales jumped 20% to $1.1 billion year-over-year with the Abercrombie brands were up 30% and the Hollister brands gained 11%. Hollister gains were due to back-to-school assortment which resonated with the teen customer.
By segment, sales were up 22% in the Americas, 14% in EMEA and 13% in APAC.
Comparable sales, an important metric for retailers, were also strong, up 16% from last year. Comps were up 26% at Abercrombie brands and 7% at Hollister.
Inventory, which had been an issue last year as the supply chain was still in flux, is lower this year. Inventories as of Oct 28, 2023, fell 20% to $595 million compared to Oct 29, 2022.
Gross profit was up 570 basis points to 64.9% from last year due to 250 basis points from year-over-year AUR growth, about 200 basis points from lower freight costs and 200 basis points due to lower inventory write downs. However, the benefits were partially offset by 80 basis points in higher raw material costs.
As of Oct 28, 2023, Abercrombie had cash and equivalents of $649 million, up from $257 million as of Oct 29, 2022.
Bullish Fourth Quarter Outlook
With the holiday season in full swing, Abercrombie is feeling confident its assortment is resonating. It expects net sales growth to be up low double-digits compared to the year ago quarter, to $1.2 billion. That includes the benefit of 375 basis points from the 53rd financial reporting week.
Operating margin is forecast in the range of 12% to 14% compared to 7.7% in Q4 2022 driven by higher gross profit rate on lower freight costs and higher AURs.
Analysts Raise Fiscal 2024 and 2025 Earnings Estimates
After a third big beat in a row, the analysts are feeling bullish about the full year. 6 estimates have been revised higher since the earnings report, including 1 in the last week, for fiscal 2024. The Zacks Consensus has jumped to $5.74 from $4.43 during that time.
That is huge growth compared to last year of 2196% as the company only made $0.25 in fiscal 2023.
Analysts expect the good times to continue, with 6 estimates higher for fiscal 2025 in the last 30 days as well. It has pushed the Zacks Consensus up to this year's level, at $5.75.
Shares Soar to 5-Year Highs
What recession? Abercrombie is one of the hottest stocks of 2023, with shares up 253% year-to-date to new 5-year highs. That is crushing the return of the S&P 500 and ranks up there with NVIDIA's return this year.
Yet, the stock is still cheap, with a forward P/E of just 14.2. It doesn't pay a dividend.
For those looking for a red-hot retailer with rising earnings estimates, Abercrombie should be on your short list.
Bear of the Day:
Schneider National, Inc. is just trying to make it through this down cycle in the freight industry. This Zacks Rank #5 (Strong Sell) is expected to see earnings fall 46.2% this year.
Schneider National provides surface transportation and logistics solutions in North America. It has been in business for 88 years. Schneider provides truckload, intermodal, and logistics services throughout the US, Canada and Mexico.
A Big Miss in the Third Quarter
On Nov 2, 2023, Schneider reported its third quarter 2023 earnings and missed big on the Zacks Consensus. Earnings were just $0.20 versus the Zacks Consensus of $0.38. That's a 47.4% miss.
The company didn't mince words about the quarter.
"Our enterprise experienced year over year declines in revenue and earnings in the third quarter, a period which we believe represents the most challenging phase of this prolonged freight recession," said Mark Rourke, President and Chief Executive Officer of Schneider.
"Our results were driven by ongoing price pressures primarily in our network businesses, as well as other headwinds such as fuel, bad debt, and lower equipment gains," he added.
Operating revenues fell 19% to $1.352 billion from $1.675 billion a year ago.
Truckload revenues (excluding fuel surcharge) fell 6% to $535.3 million year-over-year driven by unfavorable pricing in network, partially offset by the impact of organic dedicated growth and M&M Transport revenues.
Intermodal took a big hit, as revenues (excluding fuel surcharge) fell 21% to $263 million year-over-year drive by lower revenue per order and volume.
Logistics also struggled, with revenues (excluding fuel surcharge) falling 30%, or $138.2 million, to $326 million compared to third quarter of 2022. It was driven by decreased revenue per order, which Schneider says continues to be unfavorably impacted by lower market prices, and lower brokerage volumes which decreased 11% year over year.
Schneider Cuts Full Year Earnings Guidance
Given the difficult market conditions, it's not a surprise that Schneider cut its full year earnings guidance to a range of $1.40-$1.45 from its prior guidance of $1.75 to $1.90.
As a result, the analysts cut their earnings estimates for both this year and next.
7 estimates were lowered in the last 60 days pushing the 2023 Zacks Consensus down to $1.42 from $1.81. That's now within the new guidance range but it means earnings are expected to decline 46.2% as the company made $2.64 last year.
The analysts were equally as bearish on 2024. 7 estimates were also cut for next year which pushed the Zacks Consensus down to $1.77 from $2.24. But that's an earnings increase of 25% given the cuts to 2023.
Are Shares Cheap?
Given the bearishness, it's not surprising that the shares have sold off in the last 3 months and are down 12.7% during that time. Year-to-date they are up 2.7%, however.
Are they cheap? Schneider trades with a forward P/E of 16.9. It also has a price-to-sales (P/S) ratio of just 0.8. A P/S ratio under 1.0 usually indicates a company is undervalued.
Schneider also has a price-to-book (P/B) ratio of 1.4. A P/B ratio under 3.0 can indicate that there is value.
The company is also shareholder friendly. It pays a dividend, currently yielding 1.5%. It also started a $150 million stock repurchase program in Feb 2023. As of Sep 30, 2023, it had repurchased $50.6 million year-to-date.
Investors interested in trucking and logistics, may want to wait on the sidelines for indications that the recovery in trucking is on its way before diving in.
Additional content:
Dig Into These 3 Food Stocks Before the Year Ends
Standing in the final month of 2023, we note that food stocks have fared decently well, showing resilience amid the hurdles associated with inflation. The combination of strong brand presence and effective pricing strategies has enabled food companies to navigate the uncertainties of a volatile economic landscape.
As 2023 approaches its finale, we have identified some food stocks that stand out as enticing opportunities for investors looking to indulge in the potential for further growth.
Showing Resilience Amid Industry Dynamics
The overall inflationary environment has affected consumers' purchasing power, influencing the volumes of many companies in the food industry. While the higher cost of inputs has been posing challenges to margins, the trend has been moderating now. Despite being no exception to the inflationary environment, food stocks have showcased a remarkable ability to withstand the headwinds.
Noteworthy is the role of robust pricing strategies that some food companies have adopted to weather the storm. Consumers' loyalty to specific brands, coupled with companies' steadfast commitment to innovation, has emerged as a driving force. For instance, companies have capitalized on the growing consumer preference for healthy and nourishing food by innovating in the organic products sector. The emphasis on expanding plant-based alternatives has particularly benefited companies offering meat products, which form a significant portion of consumers' staple baskets.
These upsides, along with efforts to strengthen manufacturing capacities and solidify portfolio, have been working well for a number of food companies, placing them well for further growth. Their ability to adapt to changing consumer preferences and market dynamics has proven to be a recipe for success.
In light of this, we present three enticing picks from the realm of food stocks, each flaunting a favorable Zacks Rank #1 (Strong Buy) or 2 (Buy). Notably, these stocks have witnessed share price increases in the past three months, defying declines experienced by their respective industries.
Indulge in These 3 Culinary Delights
Investors can count on meat products companyPilgrim's Pride Corp.. The company's focus on key customers is a pathway for refining its portfolio and creating competitive advantages. Apart from this, Pilgrim's Pride has been steadily augmenting the marketing support of its brands as it expands and enters new regions. PPC also resorts to frequent supply-chain improvements to enhance efficiency and reduce costs.
The company producing, processing, marketing and distributing fresh, frozen, and value-added chicken and pork products currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
The consensus mark for 2024 earnings per share (EPS) suggests growth of 62.4% from the year-ago period. The Zacks Consensus Estimate for Pilgrim's Pride's 2024 EPS has increased from $2.10 to $2.48 in the past 60 days. Shares of PPC have gained 5% in the past three months, comfortably outpacing the industry's decline of 7.3%.
The Kraft Heinz Co. is also worth a shot. The Zacks Rank #2 company has been benefiting from strength in its three key pillars — Foodservice, Emerging Markets and U.S. Retail Grow platforms. Further, this consumer-packaged food and beverage company has been on track with its transformation plan, as part of which AGILE@SCALE's strategy has been noteworthy. The strategy has been helping The Kraft Heinz Company enhance its agile expertise and capabilities via partnerships with technology giants and cutting-edge innovators.
KHC has been undertaking strategic pricing initiatives to improve its performance. The consensus mark for The Kraft Heinz Company's sales and EPS for 2024 suggests growth of 0.7% and 1.5%, respectively, from the year-ago period figures. The Zacks Consensus Estimate for KHC's 2024 EPS has risen by a penny to $3.01 over the past 30 days. Shares of the company have gained 10.9% in the past three months against the industry's decline of 0.5%.
Another delicacy from the same industry is Ingredion Inc., which rose 8.6% in the past three months. The company, which produces and sells sweeteners, starches, nutrition ingredients and biomaterial solutions, presently boasts a Zacks Rank of 2. The Zacks Consensus Estimate for INGR's 2024 EPS has increased by a penny in the past 60 days to $9.74.
The consensus mark for 2024 sales and EPS suggests growth of 3.5% and 6.1%, respectively, from the year-ago period figures. Ingredion Incorporated looks well-positioned, thanks to its market and product diversity, along with its robust business model. An efficient approach to product pricing, a favorable customer mix, and a focus on driving operational excellence and productivity have been aiding the company in battling cost inflation. Ingredion Incorporated's focus on Driving Growth Roadmap bodes well.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
Ingredion Incorporated (INGR) : Free Stock Analysis Report
Kraft Heinz Company (KHC) : Free Stock Analysis Report
Schneider National, Inc. (SNDR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"Our results were driven by ongoing price pressures primarily in our network businesses, as well as other headwinds such as fuel, bad debt, and lower equipment gains," he added. The company producing, processing, marketing and distributing fresh, frozen, and value-added chicken and pork products currently sports a Zacks Rank #1. 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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Gross profit was up 570 basis points to 64.9% from last year due to 250 basis points from year-over-year AUR growth, about 200 basis points from lower freight costs and 200 basis points due to lower inventory write downs. Truckload revenues (excluding fuel surcharge) fell 6% to $535.3 million year-over-year driven by unfavorable pricing in network, partially offset by the impact of organic dedicated growth and M&M Transport revenues. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report Ingredion Incorporated (INGR) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report Schneider National, Inc. (SNDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A Big Earnings Beat in the Fiscal Third Quarter On Nov 21, 2023, Abercrombie & Fitch reported its fiscal third quarter 2023 results and crushed the Zacks Consensus by 60.5%. Schneider Cuts Full Year Earnings Guidance Given the difficult market conditions, it's not a surprise that Schneider cut its full year earnings guidance to a range of $1.40-$1.45 from its prior guidance of $1.75 to $1.90. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report Ingredion Incorporated (INGR) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report Schneider National, Inc. (SNDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This Zacks Rank #5 (Strong Sell) is expected to see earnings fall 46.2% this year. Shares of the company have gained 10.9% in the past three months against the industry's decline of 0.5%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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8adf6ade-ead5-4e60-bee4-a6e887473607
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712199.0
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2023-12-13 00:00:00 UTC
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Zacks Industry Outlook Highlights The Home Depot, Fastenal, Builders FirstSource and Beacon Roofing Supply
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DCOMP
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-the-home-depot-fastenal-builders-firstsource-and-beacon
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For Immediate Release
Chicago, IL – December 13, 2023 – Today, Zacks Equity Research discusses The Home Depot Inc. HD, Fastenal Co. FAST, Builders FirstSource, Inc. BLDR and Beacon Roofing Supply BECN.
Industry: Building Products - Retail
Link: https://www.zacks.com/commentary/2196586/4-retail-building-products-stocks-to-watch-amid-soft-industry-trends
The Zacks Building Products – Retail industry has been witnessing broad-based pressure across the business, driven by softened consumer demand versus expectations, which is likely to impact the performances of the industry participants. Severe constraints related to inflation, a deflation in lumber prices, and product and transportation cost inflation are worrisome.
However, the participants are likely to benefit from technology initiatives to bolster the e-commerce experience. Companies have been strengthening digital ecosystems, providing the best online assortments and bolstering omni-channel capabilities. Companies are also benefiting from accretive acquisitions, the focus on expanding supply-chain facilities and digital initiatives. Continued innovation, e-commerce expansion and strong demand are likely to benefit players like The Home Depot Inc.,Fastenal Co., Builders FirstSource, Inc. and Beacon Roofing Supply.
About the Industry
The Zacks Building Products – Retail industry mainly comprises U.S. home improvement retailers, manufacturers of industrial and construction materials, and distributors of wallboard and ceiling systems. Some industry participants offer products and services for home decoration, repair and remodeling, and in-home delivery and installation services. A few industry players provide construction products, ranging from cement or concrete foundation materials to roofing boards and shingles.
The companies also sell lumber, insulation materials, drywall, plumbing fixtures, hard-surface flooring, and lawn and garden decor products. Some players deal in threaded fastener products, and manufactured and natural stone tiles. In addition to general consumers, the industry players cater to professional builders, sub-contractors, remodelers and retailers.
3 Trends Shaping the Future of Building Products - Retail Industry
Elevated Costs: Inflationary pressures, particularly higher input costs, have been concerning for players in the home improvement industry. Such increased input costs are likely to put pressure on margins. A deflation in lumber prices is also expected to hurt the performance of participating companies. Some companies have provided conservative views for 2023 based on assumptions about lower consumer spending trends, normalized transactions and continued investments to capture market share.
Many economists have projected flat real economic growth and consumer spending for 2023. The industry is expected to witness a gradual normalization in transactions as consumer spending has shifted from goods to services.
Do-it-Yourself (DIY) and Pro Projects: Despite a slowdown in the spending trends, the demand for revamping interiors and repair-remodel represent opportunities for in the industry players. DIY projects for decorating and maintaining furniture and fixtures are being widely undertaken. Additionally, consumers are open to hiring professionals ("Pros") to complete their home renovations, resulting in rising demand for Pro projects. Companies noted that Pro backlogs continue to be healthy and elevated. This is likely to aid companies in the home improvement space, with a focus on building Pro offerings.
Digitization & Acquisitions in Focus: Retail Building Products industry participants have been witnessing a surge in online business transactions, owing to consumers' growing digital dependency. The focus on virtual platforms to boost customer engagement has been rewarding for top-line growth of many industry players. Companies have, therefore, been strengthening their digital presence by expanding the availability of online assortments and bolstering omni-channel capabilities.
Such prudent measures have been aiding industry participants to meet the accelerated demand. Companies are also ramping up their delivery operations to provide safe and swift services. The digital transaction boom should continue to drive the top lines of the key industry players. Acquisitions have been crucial parts of growth strategies of companies in the Retail Building Products industry. Some Players have been focusing on exploring acquisition options to expand extensively across vast geographic boundaries and improve organic revenues.
Zacks Industry Rank Indicates Dull Prospects
The Building Products – Retail industry is housed within the broader Zacks Retail-Wholesale sector. The industry currently carries a Zacks Industry Rank #206, which places it in the bottom 18% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry's position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group's earnings growth potential.
Before we present a few stocks that you may want to consider for your portfolio, let's look at the industry's recent stock-market performance and the valuation picture.
Industry Vs. Broader Market
The Zacks Building Products – Retail industry has underperformed the broader Zacks Retail-Wholesale sector and the Zacks S&P 500 over the past year.
The industry has risen 2.8% in the past year compared with the broader sector's growth of 14.6% and the S&P 500's rally of 15.2%.
Industry's Current Valuation
On the basis of the forward 12-month price-to-earnings (P/E) ratio, which is the commonly used multiple for valuing Retail-Wholesale stocks, the industry is currently trading at 18.52X compared with the S&P 500's 19.31X. Further, the sector's forward-12-month P/E stands at 21.59X.
Over the last five years, the industry traded as high as 23.43X and as low as 14.25X, with the median being 18.87X.
4 Building Products Stocks to Watch
Beacon Roofing: The Herndon, VA-based company is the largest publicly traded distributor of residential and non-residential roofing materials and complementary building products in the United States and Canada. It has been gaining from several strategic initiatives undertaken to drive its long-term ambition of growing and enhancing customer experience; expanding the top line and the margin; and boosting value for customers, suppliers, employees and shareholders.
The company is currently focused on its Ambition 2025 targets (announced on Feb 24, 2022), which emphasize operational excellence, above-market growth trajectory and accelerated stockholder value creation. Beacon Roofing remains focused on four key strategic initiatives — organic growth, digital, OTC (On-Time and Complete) and branch operating performance — which have been boosting sales and helping improve operating profitability.
The company is focused on improving sales and the operating performance at exterior and interior branches, and intends to enhance the overall customer experience with increased scope and scale of business. Shares of the Zacks Rank #2 (Buy) company have rallied 37.2% in a year. The Zacks Consensus Estimate for its current fiscal year's sales and earnings indicates growth of 7.2% and 8.9%, respectively, from the year-ago quarter's actuals. The consensus estimate for current fiscal-year earnings has moved up 0.8% in the past seven days. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Home Depot: The Atlanta, GA-based company is the world's largest home improvement specialty retailer, based on net sales. Home Depot has been benefiting from ongoing investments. Continued strength in the Pro and DIY categories, and its digital momentum have been the key drivers. The company's interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters, aiding digital sales.
Home Depot is witnessing significant benefits from the execution of its One Home Depot plan, which focuses on supply-chain expansion, technology investments and digital enhancements. The company has created the fastest, most efficient delivery network in home improvement through options like buy online pick up in store, buy online delivery from store and curbside pickup. The Zacks Rank #3 (Hold) company has declined 0.5% in a year.
The Zacks Consensus Estimate for HD's current fiscal-year sales and earnings indicates year-over-year declines of 3.2% and 9.8%, respectively. The consensus estimate for current fiscal-year earnings has moved down 2% in the past 30 days.
Fastenal: The Winona, MN-based wholesale distributor of industrial and construction products has been benefiting from strong demand for manufacturing and construction equipment, as well as supplies. The company's focus on virtual platforms to boost customer engagement is improving sales and driving growth. Cost-control strategies like automating warehouses, increasing delivery efficiency through its trucking network and selling more private-level products with higher margins are aiding FAST to improve efficiency, thereby increasing returns.
Industrial vending is one of the primary growth drivers for Fastenal, and has the potential to significantly increase sales and profits. The Zacks Rank #3 company is striving to boost its onsite location portfolio, in which a mini-Fastenal shop is located in a customer's facility. The FAST stock has risen 26.3% in a year. The Zacks Consensus Estimate for the company's current fiscal-year sales and earnings indicates year-over-year growth of 5.1% and 5.8%, respectively. The consensus estimate for current fiscal-year earnings has been unchanged in the past 30 days.
Builders FirstSource: The Dallas, TX-based company manufactures and supplies building materials. The company has been benefiting from its focus on cost synergies, strategic acquisition, and robust demand from solid housing and repair and remodeling activities. Robust demand for single-family housing, R&R and other activities have been tailwinds for BLDR's products and services. Builders FirstSource continues to focus on investing in innovations and enhancing digital solutions for its customers.
Acquisitions are important for BLDR's growth strategy to supplement its organic growth and expand extensively across vast geographic boundaries. The Zacks Rank #3 company has been active on the acquisition front, which is supporting its top line. It is also focusing on cost-management practices. The BLDR stock has risen 121% in a year. The Zacks Consensus Estimate for the company's current fiscal-year sales and earnings indicates declines of 25.6% and 26.1%, respectively, from the prior-year period's reported figures. The consensus estimate for current fiscal-year earnings has moved up 0.7% in the past 30 days.
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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 Immediate Release Chicago, IL – December 13, 2023 – Today, Zacks Equity Research discusses The Home Depot Inc. HD, Fastenal Co. FAST, Builders FirstSource, Inc. BLDR and Beacon Roofing Supply BECN. Some companies have provided conservative views for 2023 based on assumptions about lower consumer spending trends, normalized transactions and continued investments to capture market share. The company is currently focused on its Ambition 2025 targets (announced on Feb 24, 2022), which emphasize operational excellence, above-market growth trajectory and accelerated stockholder value creation.
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For Immediate Release Chicago, IL – December 13, 2023 – Today, Zacks Equity Research discusses The Home Depot Inc. HD, Fastenal Co. FAST, Builders FirstSource, Inc. BLDR and Beacon Roofing Supply BECN. Beacon Roofing remains focused on four key strategic initiatives — organic growth, digital, OTC (On-Time and Complete) and branch operating performance — which have been boosting sales and helping improve operating profitability. Click to get this free report Fastenal Company (FAST) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Industry: Building Products - Retail Link: https://www.zacks.com/commentary/2196586/4-retail-building-products-stocks-to-watch-amid-soft-industry-trends The Zacks Building Products – Retail industry has been witnessing broad-based pressure across the business, driven by softened consumer demand versus expectations, which is likely to impact the performances of the industry participants. About the Industry The Zacks Building Products – Retail industry mainly comprises U.S. home improvement retailers, manufacturers of industrial and construction materials, and distributors of wallboard and ceiling systems. Click to get this free report Fastenal Company (FAST) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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3 Trends Shaping the Future of Building Products - Retail Industry Elevated Costs: Inflationary pressures, particularly higher input costs, have been concerning for players in the home improvement industry. Industry Vs. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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