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712500.0
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2023-12-12 00:00:00 UTC
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NextEra (NEE) Is Considered a Good Investment by Brokers: Is That True?
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DCOMP
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https://www.nasdaq.com/articles/nextera-nee-is-considered-a-good-investment-by-brokers%3A-is-that-true-0
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nan
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nan
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about NextEra Energy (NEE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
NextEra currently has an average brokerage recommendation (ABR) of 1.73, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.73 approximates between Strong Buy and Buy.
Of the 15 recommendations that derive the current ABR, 10 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 66.7% and 6.7% of all recommendations.
Brokerage Recommendation Trends for NEE
Check price target & stock forecast for NextEra here>>>
The ABR suggests buying NextEra, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is NEE Worth Investing In?
Looking at the earnings estimate revisions for NextEra, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.12.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for NextEra. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for NextEra.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NextEra Energy, Inc. (NEE) : 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.
|
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
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NextEra currently has an average brokerage recommendation (ABR) of 1.73, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
|
NextEra currently has an average brokerage recommendation (ABR) of 1.73, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
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Brokerage Recommendation Trends for NEE According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
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c3d4f3a9-1643-434c-a93b-01faf1b9067a
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712501.0
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2023-12-12 00:00:00 UTC
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Is InterDigital (IDCC) a Buy as Wall Street Analysts Look Optimistic?
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DCOMP
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https://www.nasdaq.com/articles/is-interdigital-idcc-a-buy-as-wall-street-analysts-look-optimistic-0
|
nan
|
nan
|
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about InterDigital (IDCC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
InterDigital currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by four brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the four recommendations that derive the current ABR, four are Strong Buy, representing 100% of all recommendations.
Brokerage Recommendation Trends for IDCC
Check price target & stock forecast for InterDigital here>>>
The ABR suggests buying InterDigital, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is IDCC Worth Investing In?
Looking at the earnings estimate revisions for InterDigital, the Zacks Consensus Estimate for the current year has increased 4.2% over the past month to $8.91.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for InterDigital. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for InterDigital may serve as a useful guide for investors.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
InterDigital, Inc. (IDCC) : 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, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for InterDigital may serve as a useful guide for investors.
|
InterDigital currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
|
InterDigital currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for InterDigital may serve as a useful guide for investors.
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An ABR of 1.00 indicates Strong Buy. Brokerage Recommendation Trends for IDCC According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
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0bb48f3e-bc9f-413b-a6fe-e0906aab7b33
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712502.0
|
2023-12-12 00:00:00 UTC
|
Is It Worth Investing in Cadence (CDNS) Based on Wall Street's Bullish Views?
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DCOMP
|
https://www.nasdaq.com/articles/is-it-worth-investing-in-cadence-cdns-based-on-wall-streets-bullish-views
|
nan
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nan
|
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Cadence Design Systems (CDNS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Cadence currently has an average brokerage recommendation (ABR) of 1.25, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 12 brokerage firms. An ABR of 1.25 approximates between Strong Buy and Buy.
Of the 12 recommendations that derive the current ABR, 10 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 83.3% and 8.3% of all recommendations.
Brokerage Recommendation Trends for CDNS
Check price target & stock forecast for Cadence here>>>
The ABR suggests buying Cadence, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is CDNS Worth Investing In?
In terms of earnings estimate revisions for Cadence, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $5.10.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Cadence. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Cadence.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
|
Cadence currently has an average brokerage recommendation (ABR) of 1.25, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Cadence currently has an average brokerage recommendation (ABR) of 1.25, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
|
Brokerage Recommendation Trends for CDNS Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
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a65802fc-f93b-41ac-8e1a-54dc2fa96159
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712503.0
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2023-12-12 00:00:00 UTC
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The Charles Schwab Corporation (SCHW) Soars 7.0%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/the-charles-schwab-corporation-schw-soars-7.0%3A-is-further-upside-left-in-the-stock
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nan
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nan
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The Charles Schwab Corporation (SCHW) shares ended the last trading session 7% higher at $70.94. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.2% gain over the past four weeks.
Shares of Charles Schwab soared for the third straight day. The release of its monthly activity report for November 2023 showed robust improvement in net new assets balance for November 2023. Also, a broader market rally on the back of the Federal Reserve’s signal of rate cuts by 2024-end drove the SCHW stock higher.
This company is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents a year-over-year change of -34.6%. Revenues are expected to be $4.65 billion, down 15.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For The Charles Schwab Corporation, the consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on SCHW going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
The Charles Schwab Corporation is part of the Zacks Financial - Investment Bank industry. Raymond James Financial, Inc. (RJF), another stock in the same industry, closed the last trading session 2.9% higher at $110.88. RJF has returned 3.6% in the past month.
Raymond James Financial, Inc.'s consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $2.23. Compared to the company's year-ago EPS, this represents a change of -2.6%. Raymond James Financial, Inc. currently boasts a Zacks Rank of #4 (Sell).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
Raymond James Financial, Inc. (RJF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Also, a broader market rally on the back of the Federal Reserve’s signal of rate cuts by 2024-end drove the SCHW stock higher. For The Charles Schwab Corporation, the consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Raymond James Financial, Inc.'s consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $2.23. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Raymond James Financial, Inc. (RJF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> The Charles Schwab Corporation is part of the Zacks Financial - Investment Bank industry. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Raymond James Financial, Inc. (RJF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Charles Schwab Corporation (SCHW) shares ended the last trading session 7% higher at $70.94. For The Charles Schwab Corporation, the consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> The Charles Schwab Corporation is part of the Zacks Financial - Investment Bank industry.
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f440aa1b-85cf-400e-bbb3-9f8652b15250
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712504.0
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2023-12-12 00:00:00 UTC
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Orange County Bancorp, Inc. (OBT) Hit a 52 Week High, Can the Run Continue?
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DCOMP
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https://www.nasdaq.com/articles/orange-county-bancorp-inc.-obt-hit-a-52-week-high-can-the-run-continue
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nan
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nan
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Have you been paying attention to shares of Orange County Bancorp, Inc. (OBT)? Shares have been on the move with the stock up 19.1% over the past month. The stock hit a new 52-week high of $55.75 in the previous session. Orange County Bancorp, Inc. has gained 19.5% since the start of the year compared to the 16.9% move for the Zacks Finance sector and the 0.9% return for the Zacks Banks - Northeast industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 25, 2023, Orange County Bancorp, Inc. reported EPS of $1.61 versus consensus estimate of $1.29 while it beat the consensus revenue estimate by 6.29%.
For the current fiscal year, Orange County Bancorp, Inc. is expected to post earnings of $5.83 per share on $100.4 million in revenues. This represents a 34.64% change in EPS on a 11.45% change in revenues. For the next fiscal year, the company is expected to earn $5.06 per share on $98.5 million in revenues. This represents a year-over-year change of -13.21% and -1.89%, respectively.
Valuation Metrics
Orange County Bancorp, Inc. may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Orange County Bancorp, Inc. has a Value Score of B. The stock's Growth and Momentum Scores are C and B, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 9.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 9.9X. On a trailing cash flow basis, the stock currently trades at 11.3X versus its peer group's average of 7.8X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Orange County Bancorp, Inc. currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Orange County Bancorp, Inc. fits the bill. Thus, it seems as though Orange County Bancorp, Inc. shares could have a bit more room to run in the near term.
How Does OBT Stack Up to the Competition?
Shares of OBT have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Byline Bancorp, Inc. (BY). BY has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of D.
Earnings were strong last quarter. Byline Bancorp, Inc. beat our consensus estimate by 26.23%, and for the current fiscal year, BY is expected to post earnings of $2.64 per share on revenue of $387.23 million.
Shares of Byline Bancorp, Inc. have gained 14.2% over the past month, and currently trade at a forward P/E of 8.34X and a P/CF of 8.85X.
The Banks - Northeast industry may rank in the bottom 52% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for OBT and BY, even beyond their own solid fundamental situation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report
Byline Bancorp, Inc. (BY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the current fiscal year, Orange County Bancorp, Inc. is expected to post earnings of $5.83 per share on $100.4 million in revenues. Fortunately, Orange County Bancorp, Inc. currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts. Byline Bancorp, Inc. beat our consensus estimate by 26.23%, and for the current fiscal year, BY is expected to post earnings of $2.64 per share on revenue of $387.23 million.
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In its last earnings report on October 25, 2023, Orange County Bancorp, Inc. reported EPS of $1.61 versus consensus estimate of $1.29 while it beat the consensus revenue estimate by 6.29%. For the current fiscal year, Orange County Bancorp, Inc. is expected to post earnings of $5.83 per share on $100.4 million in revenues. Click to get this free report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Orange County Bancorp, Inc. fits the bill. Click to get this free report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Valuation Metrics Orange County Bancorp, Inc. may be at a 52-week high right now, but what might the future hold for the stock? Orange County Bancorp, Inc. has a Value Score of B. Fortunately, Orange County Bancorp, Inc. currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
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2023-12-12 00:00:00 UTC
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Strength Seen in Home Bancorp (HBCP): Can Its 5.1% Jump Turn into More Strength?
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Home Bancorp (HBCP) shares ended the last trading session 5.1% higher at $40.75. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.9% gain over the past four weeks.
Shares of Home Bancorp rallied for the second consecutive day. The Federal Reserve has signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated three interest rate cuts by 2024-end.
These favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This will support net interest income and margin growth. Hence, the HBCP stock moved higher.
This financial holding company is expected to post quarterly earnings of $1.03 per share in its upcoming report, which represents a year-over-year change of -22%. Revenues are expected to be $32.87 million, down 10.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Home Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HBCP going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Home Bancorp is a member of the Zacks Banks - Southeast industry. One other stock in the same industry, F.N.B. (FNB), finished the last trading session 3.4% higher at $13.79. FNB has returned 11.5% over the past month.
F.N.B.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.36. Compared to the company's year-ago EPS, this represents a change of -18.2%. F.N.B. currently boasts a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Home Bancorp, Inc. (HBCP) : Free Stock Analysis Report
F.N.B. Corporation (FNB) : 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 favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This financial holding company is expected to post quarterly earnings of $1.03 per share in its upcoming report, which represents a year-over-year change of -22%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Home Bancorp (HBCP) shares ended the last trading session 5.1% higher at $40.75. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Home Bancorp is a member of the Zacks Banks - Southeast industry. Click to get this free report Home Bancorp, Inc. (HBCP) : Free Stock Analysis Report F.N.B.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Home Bancorp is a member of the Zacks Banks - Southeast industry. Click to get this free report Home Bancorp, Inc. (HBCP) : Free Stock Analysis Report F.N.B.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Home Bancorp is a member of the Zacks Banks - Southeast industry. Compared to the company's year-ago EPS, this represents a change of -18.2%. Click to get this free report Home Bancorp, Inc. (HBCP) : Free Stock Analysis Report F.N.B.
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2023-12-12 00:00:00 UTC
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AAON, Inc. (AAON) Hits Fresh High: Is There Still Room to Run?
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https://www.nasdaq.com/articles/aaon-inc.-aaon-hits-fresh-high%3A-is-there-still-room-to-run
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Have you been paying attention to shares of Aaon (AAON)? Shares have been on the move with the stock up 14% over the past month. The stock hit a new 52-week high of $71.67 in the previous session. Aaon has gained 41.9% since the start of the year compared to the 50.6% move for the Zacks Construction sector and the 73.2% return for the Zacks Building Products - Air Conditioner and Heating industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 6, 2023, Aaon reported EPS of $0.64 versus consensus estimate of $0.55.
Valuation Metrics
Aaon may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Aaon has a Value Score of C. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 34.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 29.5X. On a trailing cash flow basis, the stock currently trades at 41.8X versus its peer group's average of 26.9X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Aaon currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Aaon meets the list of requirements. Thus, it seems as though Aaon shares could still be poised for more gains ahead.
How Does AAON Stack Up to the Competition?
Shares of AAON have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Lennox International, Inc. (LII). LII has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of B.
Earnings were strong last quarter. Lennox International, Inc. beat our consensus estimate by 13.53%, and for the current fiscal year, LII is expected to post earnings of $19.64 per share on revenue of $4.9 billion.
Shares of Lennox International, Inc. have gained 9.6% over the past month, and currently trade at a forward P/E of 24.99X and a P/CF of 27.06X.
The Building Products - Air Conditioner and Heating industry is in the top 10% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AAON and LII, even beyond their own solid fundamental situation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
Lennox International, Inc. (LII) : 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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Fortunately, Aaon currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts. Lennox International, Inc. beat our consensus estimate by 13.53%, and for the current fiscal year, LII is expected to post earnings of $19.64 per share on revenue of $4.9 billion. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In terms of its value breakdown, the stock currently trades at 34.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 29.5X. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Aaon meets the list of requirements. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Lennox International, Inc. (LII) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Aaon has a Value Score of C. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Aaon meets the list of requirements. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Lennox International, Inc. (LII) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares have been on the move with the stock up 14% over the past month. Thus, it seems as though Aaon shares could still be poised for more gains ahead. One industry peer that looks good is Lennox International, Inc. (LII).
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2023-12-12 00:00:00 UTC
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S&P 500, Dow eye muted open as rate-cut cheer subsides
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https://www.nasdaq.com/articles/sp-500-dow-eye-muted-open-as-rate-cut-cheer-subsides
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By Shristi Achar A and Johann M Cherian
Dec 15 (Reuters) - The S&P 500 and the Dow were poised for a subdued open on Friday after comments from a U.S. Federal Reserve official dampened recent upbeat sentiment.
New York Fed President John Williams said in a CNBC interview it was "premature" to think about interest rate cuts.
The Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday.
Money markets now see a 64.3% chance of at least a 25-basis point rate cut as soon as March 2024, down from nearly 80% before the interview, while still pricing in a 91% chance of another cut in May 2024, according to CME Group's FedWatch tool.
"It's not unusual for Fed speakers to try to walk back outsize reactions to any particular Fed meeting, whether positive or negative," Art Hogan, chief market strategist at B Riley Wealth, said.
Despite session's move, the dovish turn of events this week caused equities to rally, with the benchmark S&P 500 .SPX eyeing its longest weekly winning streak since September 2017.
U.S. Treasury yields fell below 4% to multi-month lows, with yield on the benchmark 10-year Treasury note US10YT=RR last standing at 3.9502%. US/
Markets will now parse the S&P Global Composite Flash PMI data for December, due after the opening bell.
Meanwhile, the expiry of quarterly derivatives contracts tied to stocks, index options and futures, also known as "triple witching", later in the day could potentially stoke market volatility, although stock swings have been muted recently.
At 8:57 a.m. ET, Dow e-minis 1YMcv1 were up 4 points, or 0.01%, S&P 500 e-minis EScv1 were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis NQcv1 were up 27 points, or 0.16%.
Among stocks, General ElectricGE.N gained 1.4% before the bell after Wells Fargo upgraded the industrial conglomerate's shares to "overweight" from "neutral".
Costco WholesaleCOST.O rose 2% after the retailer topped Wall Street estimates for first-quarter results due to demand for cheaper groceries.
Darden RestaurantsDRI.N slipped 1.9% after the Olive Garden owner forecast annual same-store sales below estimates.
First Solar FSLR.O and Enphase Energy ENPH.O added 2.5% and 2.6%, respectively, as Jefferies started coverage of the solar companies with a "buy" rating.
(Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta)
((Shristi.AcharA@thomsonreuters.com; https://twitter.com/ShristiAchar))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were poised for a subdued open on Friday after comments from a U.S. Federal Reserve official dampened recent upbeat sentiment. The Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday. Costco WholesaleCOST.O rose 2% after the retailer topped Wall Street estimates for first-quarter results due to demand for cheaper groceries.
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New York Fed President John Williams said in a CNBC interview it was "premature" to think about interest rate cuts. Money markets now see a 64.3% chance of at least a 25-basis point rate cut as soon as March 2024, down from nearly 80% before the interview, while still pricing in a 91% chance of another cut in May 2024, according to CME Group's FedWatch tool. ET, Dow e-minis 1YMcv1 were up 4 points, or 0.01%, S&P 500 e-minis EScv1 were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis NQcv1 were up 27 points, or 0.16%.
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The Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday. Money markets now see a 64.3% chance of at least a 25-basis point rate cut as soon as March 2024, down from nearly 80% before the interview, while still pricing in a 91% chance of another cut in May 2024, according to CME Group's FedWatch tool. ET, Dow e-minis 1YMcv1 were up 4 points, or 0.01%, S&P 500 e-minis EScv1 were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis NQcv1 were up 27 points, or 0.16%.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were poised for a subdued open on Friday after comments from a U.S. Federal Reserve official dampened recent upbeat sentiment. New York Fed President John Williams said in a CNBC interview it was "premature" to think about interest rate cuts. Money markets now see a 64.3% chance of at least a 25-basis point rate cut as soon as March 2024, down from nearly 80% before the interview, while still pricing in a 91% chance of another cut in May 2024, according to CME Group's FedWatch tool.
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2023-12-12 00:00:00 UTC
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Consumer Sector Update for 12/15/2023: DRI, COST, LEN, XLP, XLY
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https://www.nasdaq.com/articles/consumer-sector-update-for-12-15-2023%3A-dri-cost-len-xlp-xly
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Consumer stocks were mixed pre-bell Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.7% higher while the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down 0.1%.
Darden Restaurants (DRI) reported fiscal Q2 sales of $2.73 billion, up from $2.49 billion a year earlier. Analysts surveyed by Capital IQ expected $2.74 billion. Darden Restaurants was declining by more than 1% in recent premarket activity.
Costco Wholesale (COST) was more than 2% higher after it reported fiscal Q1 earnings of $3.58 per diluted share, up from $3.07 a year earlier. Analysts surveyed by Capital IQ expected $3.42.
Lennar (LEN) reported fiscal Q4 adjusted earnings of $5.17 per diluted share, up from $5.02 a year earlier. Analysts polled by Capital IQ expected $4.60. Lennar was declining by more than 3% pre-bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts surveyed by Capital IQ expected $2.74 billion. Costco Wholesale (COST) was more than 2% higher after it reported fiscal Q1 earnings of $3.58 per diluted share, up from $3.07 a year earlier. Lennar (LEN) reported fiscal Q4 adjusted earnings of $5.17 per diluted share, up from $5.02 a year earlier.
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Consumer stocks were mixed pre-bell Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.7% higher while the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down 0.1%. Darden Restaurants (DRI) reported fiscal Q2 sales of $2.73 billion, up from $2.49 billion a year earlier. Analysts surveyed by Capital IQ expected $2.74 billion.
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Consumer stocks were mixed pre-bell Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.7% higher while the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down 0.1%. Darden Restaurants (DRI) reported fiscal Q2 sales of $2.73 billion, up from $2.49 billion a year earlier. Analysts surveyed by Capital IQ expected $2.74 billion.
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Darden Restaurants (DRI) reported fiscal Q2 sales of $2.73 billion, up from $2.49 billion a year earlier. Analysts surveyed by Capital IQ expected $2.74 billion. Lennar (LEN) reported fiscal Q4 adjusted earnings of $5.17 per diluted share, up from $5.02 a year earlier.
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2023-12-12 00:00:00 UTC
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The 7 Most Undervalued Sleeper Stocks to Buy in December
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https://www.nasdaq.com/articles/the-7-most-undervalued-sleeper-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With thousands of listed companies, it’s impossible for an investor to be aware of all growth stories. Generally, it’s the stock in news that grabs investor attention. However, there are equally good sleeper stocks that deserve a place in the portfolio.
The thing with sleeper stocks is that trading volumes are relatively lower. This does not attract short term investors. Further, since the stock is not in the limelight, investors prefer to stay away as price action is unlikely to be robust.
However, one of the secrets to successful investing is to buy ideas that are under the radar. There is a high probability that these ideas are undervalued due to lack of market attention. However, when the markets search for value and the focus shifts to these sleeper stocks, returns can be multi-fold.
This column discusses seven undervalued sleeper stocks that are worth considering at current levels.
Agnico Eagle Mines (AEM)
Source: Misunseo / Shutterstock.com
The Federal Reserve left interest rates unchanged. And there’s now the possibility of three rate cuts next year. With that, it’s not surprising that gold is back above $2,000 an ounce. Among the gold miner sleeper stocks, Agnico Eagle Mines (NYSE:AEM) looks attractively valued. Plus, its 3.18% dividend yield stock seems poised for a strong rally next year after being sideways in the last 12 months.
For the first nine months of 2023, Agnico reported revenue of $4.9 billion. What’s important to note is that the all-in-sustaining cost was at $1,162 an ounce. With gold above $2,000 an ounce, I expect a healthy EBITDA margin expansion in 2024.
It’s also worth noting that operating cash flow for year-to-date 2023 was $1.9 billion. If gold trades at $2,200 to $2,400 an ounce next year, OCF is likely to be more than $3 billion. This will support healthy dividend growth. Further, Angico will be positioned to make aggressive investments to ramp-up gold production in the coming years.
Playa Hotels & Resorts (PLYA)
Source: Shutterstock
Playa Hotels & Resorts (NASDAQ:PLYA) is up 30% year-to-date. The stock however remains attractively valued at a forward price-to-earnings (P/E) ratio of 19. With the travel and tourism sector witnessing a sharp recovery after the pandemic, the industry outlook supports the bull thesis for PLYA stock.
As an overview, Playa has a portfolio of 26 resorts with 9,756 rooms. These resorts are in Mexico, Jamaica, and the Dominican Republic. Among the positives, Playa reported occupancy of 71.7% for the first nine months of 2023. Further, the Company’s owned resorts had a robust EBITDA margin of 35.2%.
It’s worth noting that the Company is focused on the MICE segment (Meetings, Incentives, Conferences and Exhibitions) through global brand partners. This segment is likely to be a growth driver even if there are no immediate plans on the resort portfolio expansion. Overall, PLYA stock seems like a value creator and as EBITDA margin expands, I expect the stock to trend higher.
Adecoagro (AGRO)
Adecoagro (NYSE:AGRO) stock seems massively undervalued with a forward price-earnings ratio of 7.6. Further, the stock offers a dividend yield of 2.94% and these reasons are enough to be bullish.
However, let me talk about the business perspective. The Company is an agriculture and farmland player. With the global food shortage, AGRO stock is likely to be a potential multi-bagger in the next five years. As an overview, Adecoagro is involved in the farming of sugar, rice, and other agricultural products. Additionally, the Company is in the dairy and ethanol business.
It’s worth noting here that Adecoagro trades at a market valuation of $1.2 billion. In comparison, the market value of the Company’s farmland is $745 million. Besides the potential appreciation of farmland value, the asset is generating positive cash flows through farming activity. This puts into perspective the level of undervaluation. Further, with Adecoagro reporting healthy EBITDA growth and margin expansion, AGRO stock is poised to surge.
Leonardo DRS (DRS)
Source: Shutterstock
Leonardo DRS (NASDAQ:DRS) is another one of the most promising sleeper stocks from the defense sector. The emerging company has the potential to create immense value as business metrics look positive and the addressable market is significant.
As an overview, Leonardo DRS operates in the areas of advanced sensing, network computing, force protection, and electric power & propulsion. As of Q3 2023, Leonardo reported an order backlog of $4.7 billion. On a year-on-year basis, the backlog has swelled by 50%. If order intake remains robust, DRS stock is positioned to remain in an uptrend.
It’s also worth noting that the Company is investing in defense innovation. Last month, the Leonardo received an order worth $134 million for its next-generation thermal weapon sights for the U.S. Army.
The Company has also been awarded a contract to produce “next-generation Joint Effects Targeting System II (JETS II) multi-sensor targeting technology for Forward Observers.” Innovation will ensure that revenue growth remains healthy coupled with EBITDA margin expansion visibility.
Amcor PLC (AMCR)
Source: shutterstock.com/zedspider
Amcor PLC (NYSE:AMCR) fell by 18% year-to-date thanks to inflationary pressure and growth issues. However, the negatives seem to be discounted and the stock looks attractive at a forward price-earnings ratio of 13.7. Additionally, AMCR stock has a dividend yield of 5.3%.
Amcor is a provider of packaging solutions for food, beverage, pharmaceutical, medical, home, and personal care, among other products. For Q1 2024, Amcor reported revenue de-growth of 7% on a year-on-year basis to $3.4 billion. However, the Company expects to return to growth in the second half of the financial year 2024. This is a key catalyst for stock upside in the coming quarters.
In the next five years, there are multiple triggers for revenue growth. As an example, the Company expects more than $3 billion in incremental sales from emerging markets. Similarly, the Company is strategically shifting to higher value product categories that are likely to contribute $4 billion in incremental revenue.
It’s also worth noting that Amcor is investing $100 million annually in R&D. Innovation and sustainable packaging will ensure that revenue growth remains steady coupled with cash flow upside.
Amdocs (DOX)
Source: Shutterstock
Amdocs (NASDAQ:DOX) has been trading sideways for much of the last year. However, a rally of almost 10% in the last month might be an indication of a breakout from a range. My view is underscored by the fact that DOX stock trades at an attractive forward price-earnings ratio of 13.3. Further, the stock offers a dividend yield of 2.0%.
From a business perspective, I am bullish on this provider of software and services to the media and telecommunication industry. With a serviceable addressable market of $57 billion by 2025, the growth outlook is robust.
For financial year 2023, Amdocs reported revenue of $4.9 billion. On a year-on-year basis, revenue increased by 7.7%. Considering the addressable market, it’s likely that growth will accelerate in the next few years.
Another reason to like Amdocs is the cash flow potential. Last year, the Company reported free cash flow of $698 million. I believe that FCF is likely to be more than $1 billion in the next three years. This will translate into flexibility for higher dividends and potential acquisition driven growth.
Lithium Americas (LAC)
Source: Wirestock Creators / Shutterstock.com
Lithium Americas (NYSE:LAC) is another undervalued sleeper stock that’s poised for multibagger gains. Granted, lithium prices have corrected in 2023 and mining stocks have been depressed. However, it’s unlikely that the downtrend will sustain. Reports indicate that lithium shortage can come as early as 2025. It’s therefore a good time to grab some of the best lithium stocks.
For Lithium Americas, the Thacker Pass project is a potential cash cow. It’s worth noting that the Company commands a market valuation of $950 million. In comparison, the Thacker Pass project has an after-tax net present value of $5.7 billion. Further, the asset has a mine life of 40 years with an average annual EBITDA estimate of $1.1 billion. Once lithium starts trending higher, I expect LAC stock to go ballistic.
From a project financing perspective, General Motors (NYSE:GM) is investing $650 million in two tranches. GM also has an off-take agreement for 10 years for phase one of production. A strong partner in the form of General Motors adds credibility to the bull story.
On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.
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The post The 7 Most Undervalued Sleeper 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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As an overview, Leonardo DRS operates in the areas of advanced sensing, network computing, force protection, and electric power & propulsion. 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 7 Most Undervalued Sleeper Stocks to Buy in December appeared first on InvestorPlace.
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Playa Hotels & Resorts (PLYA) Source: Shutterstock Playa Hotels & Resorts (NASDAQ:PLYA) is up 30% year-to-date. The Company has also been awarded a contract to produce “next-generation Joint Effects Targeting System II (JETS II) multi-sensor targeting technology for Forward Observers.” Innovation will ensure that revenue growth remains healthy coupled with EBITDA margin expansion visibility. Lithium Americas (LAC) Source: Wirestock Creators / Shutterstock.com Lithium Americas (NYSE:LAC) is another undervalued sleeper stock that’s poised for multibagger gains.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With thousands of listed companies, it’s impossible for an investor to be aware of all growth stories. Overall, PLYA stock seems like a value creator and as EBITDA margin expands, I expect the stock to trend higher. Leonardo DRS (DRS) Source: Shutterstock Leonardo DRS (NASDAQ:DRS) is another one of the most promising sleeper stocks from the defense sector.
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For the first nine months of 2023, Agnico reported revenue of $4.9 billion. It’s worth noting here that Adecoagro trades at a market valuation of $1.2 billion. It’s also worth noting that Amcor is investing $100 million annually in R&D.
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2023-12-12 00:00:00 UTC
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Schwab (SCHW) Gains 7% as Net New Assets Rise Sequentially
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https://www.nasdaq.com/articles/schwab-schw-gains-7-as-net-new-assets-rise-sequentially
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Shares of Charles Schwab SCHW soared 7% following the release of its monthly activity report for November 2023. Also, a broader market rally on the back of the Federal Reserve’s signal of rate cuts in 2024 drove the stock higher.
The company’s core net new assets of $21.7 billion jumped 92% from the previous month’s levels but declined 34% from the prior-year month’s figures. Schwab’s total client assets in November 2023 were $8.18 trillion, up 7% from October 2023 levels and 12% from November 2022 levels.
Client assets receiving ongoing advisory services were $4.16 trillion, rising 7% from the prior month and 10% year over year.
Schwab’s average interest-earning assets of $439.1 billion in November are relatively stable from the October 2023 levels and down 17% year over year. Average margin balances were $61.5 billion, down 4% from the previous month’s level and 17% on a year-over-year basis. Average bank deposit account balances totaled $95 billion in November, down 3% from last month’s actuals and 27% from November 2022 levels.
The company opened 286,000 new brokerage accounts in November 2023, up 1% sequentially but down 6% from the year-earlier month’s figures.
Schwab’s active brokerage accounts totaled 34.7 million at the end of November 2023, which were relatively stable on a sequential basis and rose 3% from the year-ago month’s figures. Client banking accounts were 1.83 million, up 1% sequentially and 7% from the November 2022 figures. The number of workplace plan participant accounts is stable from the prior month’s level and up 8% year over year to 5.21 million.
Also, Schwab provided an update for 2023 revenues. Management expects lower transactional cash levels, subdued client trading volumes and muted securities lending activity to result in 2023 revenues to decline in the 9.5-10% range. Earlier, the company had provided for an 8-9% fall in the top line this year.
In the past six months, shares of Schwab have jumped 30.5% compared with the industry’s rise of 6.5%.
Image Source: Zacks Investment Research
Currently, SCHW carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Interactive Brokers Group, Inc. IBKR released the Electronic Brokerage segment’s performance metrics for November 2023. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. It reported a decline in client Daily Average Revenue Trades (DARTs) on a sequential and year-over-year basis.
IBKR’s total client DARTs for the month were 1,898,000, declining 2% from the October 2023 levels and 3% year over year.
Another brokerage firm, LPL Financial LPLA, will come out with its monthly activity report on Dec 18, 2023.
Currently, IBKR carries a Zacks Rank of 3, while LPLA has a Zacks Rank #5 (Strong Sell).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
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LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report
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Zacks Investment Research
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Schwab’s active brokerage accounts totaled 34.7 million at the end of November 2023, which were relatively stable on a sequential basis and rose 3% from the year-ago month’s figures. Management expects lower transactional cash levels, subdued client trading volumes and muted securities lending activity to result in 2023 revenues to decline in the 9.5-10% range. Competitive Landscape Interactive Brokers Group, Inc. IBKR released the Electronic Brokerage segment’s performance metrics for November 2023.
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Shares of Charles Schwab SCHW soared 7% following the release of its monthly activity report for November 2023. Image Source: Zacks Investment Research Currently, SCHW carries a Zacks Rank #3 (Hold). Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Schwab’s average interest-earning assets of $439.1 billion in November are relatively stable from the October 2023 levels and down 17% year over year. IBKR’s total client DARTs for the month were 1,898,000, declining 2% from the October 2023 levels and 3% year over year. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of Charles Schwab SCHW soared 7% following the release of its monthly activity report for November 2023. It reported a decline in client Daily Average Revenue Trades (DARTs) on a sequential and year-over-year basis. IBKR’s total client DARTs for the month were 1,898,000, declining 2% from the October 2023 levels and 3% year over year.
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2023-12-12 00:00:00 UTC
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ACNB (ACNB) Soars 8.2%: Is Further Upside Left in the Stock?
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https://www.nasdaq.com/articles/acnb-acnb-soars-8.2%3A-is-further-upside-left-in-the-stock
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ACNB (ACNB) shares ended the last trading session 8.2% higher at $45.04. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8% gain over the past four weeks.
Shares of ACNB rallied for the third consecutive day and touched a 52-week high of $45.34. The Federal Reserve has signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated three interest rate cuts by 2024-end.
These favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This will support net interest income and margin growth. Hence, the ACNB stock moved higher.
This bank is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of -20%. Revenues are expected to be $27.75 million, down 5.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For ACNB, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ACNB going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
ACNB is a member of the Zacks Banks - Southwest industry. One other stock in the same industry, California Bank of Commerce (CALB), finished the last trading session 1.2% higher at $24.84. CALB has returned 7.9% over the past month.
California Bank of Commerce's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.63. Compared to the company's year-ago EPS, this represents a change of -30.8%. California Bank of Commerce currently boasts a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ACNB Corporation (ACNB) : Free Stock Analysis Report
California Bank of Commerce (CALB) : 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 favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. California Bank of Commerce's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.63. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ACNB is a member of the Zacks Banks - Southwest industry. California Bank of Commerce's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.63. Click to get this free report ACNB Corporation (ACNB) : Free Stock Analysis Report California Bank of Commerce (CALB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ACNB is a member of the Zacks Banks - Southwest industry. Click to get this free report ACNB Corporation (ACNB) : Free Stock Analysis Report California Bank of Commerce (CALB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This bank is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of -20%. One other stock in the same industry, California Bank of Commerce (CALB), finished the last trading session 1.2% higher at $24.84. Compared to the company's year-ago EPS, this represents a change of -30.8%.
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2023-12-12 00:00:00 UTC
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UiPath, Inc. (PATH) Hit a 52 Week High, Can the Run Continue?
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https://www.nasdaq.com/articles/uipath-inc.-path-hit-a-52-week-high-can-the-run-continue
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Have you been paying attention to shares of UiPath (PATH)? Shares have been on the move with the stock up 42.6% over the past month. The stock hit a new 52-week high of $26.43 in the previous session. UiPath has gained 102% since the start of the year compared to the 21.1% move for the Zacks Business Services sector and the 49% return for the Zacks Technology Services industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 30, 2023, UiPath reported EPS of $0.12 versus consensus estimate of $0.07.
For the current fiscal year, UiPath is expected to post earnings of $0.47 per share on $1.28 billion in revenues. This represents a 235.71% change in EPS on a 21.36% change in revenues. For the next fiscal year, the company is expected to earn $0.50 per share on $1.52 billion in revenues. This represents a year-over-year change of 7.3% and 18.34%, respectively.
Valuation Metrics
UiPath may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
UiPath has a Value Score of D. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 55.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 25.8X. On a trailing cash flow basis, the stock currently trades at 5X versus its peer group's average of 8.5X. Additionally, the stock has a PEG ratio of 1.57. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, UiPath currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if UiPath fits the bill. Thus, it seems as though UiPath shares could have a bit more room to run in the near term.
How Does PATH Stack Up to the Competition?
Shares of PATH have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is DocuSign (DOCU). DOCU has a Zacks Rank of # 1 (Strong Buy) and a Value Score of F, a Growth Score of A, and a Momentum Score of A.
Earnings were strong last quarter. DocuSign beat our consensus estimate by 29.51%, and for the current fiscal year, DOCU is expected to post earnings of $2.82 per share on revenue of $2.75 billion.
Shares of DocuSign have gained 31.7% over the past month, and currently trade at a forward P/E of 19.78X and a P/CF of 47.89X.
The Technology Services industry is in the top 31% of all the industries we have in our universe, so it looks like there are some nice tailwinds for PATH and DOCU, even beyond their own solid fundamental situation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
UiPath, Inc. (PATH) : Free Stock Analysis Report
DocuSign (DOCU) : 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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Fortunately, UiPath currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts. DocuSign beat our consensus estimate by 29.51%, and for the current fiscal year, DOCU is expected to post earnings of $2.82 per share on revenue of $2.75 billion. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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For the current fiscal year, UiPath is expected to post earnings of $0.47 per share on $1.28 billion in revenues. In terms of its value breakdown, the stock currently trades at 55.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 25.8X. Click to get this free report UiPath, Inc. (PATH) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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UiPath has a Value Score of D. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B. Zacks Rank We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Click to get this free report UiPath, Inc. (PATH) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the next fiscal year, the company is expected to earn $0.50 per share on $1.52 billion in revenues. In terms of its value breakdown, the stock currently trades at 55.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 25.8X. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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2023-12-12 00:00:00 UTC
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Lennar Corporation (LEN) Soars to 52-Week High, Time to Cash Out?
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https://www.nasdaq.com/articles/lennar-corporation-len-soars-to-52-week-high-time-to-cash-out
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Have you been paying attention to shares of Lennar (LEN)? Shares have been on the move with the stock up 21.8% over the past month. The stock hit a new 52-week high of $155.43 in the previous session. Lennar has gained 71.1% since the start of the year compared to the 50.6% move for the Zacks Construction sector and the 83.2% return for the Zacks Building Products - Home Builders industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on December 14, 2023, Lennar reported EPS of $5.17 versus consensus estimate of $4.64 while it beat the consensus revenue estimate by 6.09%.
For the current fiscal year, Lennar is expected to post earnings of $14.89 per share on $36.05 billion in revenues. This represents a 4.49% change in EPS on a 5.3% change in revenues. For the next fiscal year, the company is expected to earn $16.03 per share on $37.44 billion in revenues. This represents a year-over-year change of 7.66% and 3.86%, respectively.
Valuation Metrics
Lennar may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Lennar has a Value Score of A. The stock's Growth and Momentum Scores are F and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 10.4X current fiscal year EPS estimates, which is not in-line with the peer industry average of 10.4X. On a trailing cash flow basis, the stock currently trades at 8.6X versus its peer group's average of 6.8X. Additionally, the stock has a PEG ratio of 1.73. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Lennar currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Lennar fits the bill. Thus, it seems as though Lennar shares could have a bit more room to run in the near term.
How Does LEN Stack Up to the Competition?
Shares of LEN have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Dream Finders Homes, Inc. (DFH). DFH has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of B.
Earnings were strong last quarter. Dream Finders Homes, Inc. beat our consensus estimate by 27.12%, and for the current fiscal year, DFH is expected to post earnings of $2.62 per share on revenue of $3.44 billion.
Shares of Dream Finders Homes, Inc. have gained 30.1% over the past month, and currently trade at a forward P/E of 12.62X and a P/CF of 10.35X.
The Building Products - Home Builders industry is in the top 29% of all the industries we have in our universe, so it looks like there are some nice tailwinds for LEN and DFH, even beyond their own solid fundamental situation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lennar Corporation (LEN) : Free Stock Analysis Report
Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level. Dream Finders Homes, Inc. beat our consensus estimate by 27.12%, and for the current fiscal year, DFH is expected to post earnings of $2.62 per share on revenue of $3.44 billion. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In its last earnings report on December 14, 2023, Lennar reported EPS of $5.17 versus consensus estimate of $4.64 while it beat the consensus revenue estimate by 6.09%. In terms of its value breakdown, the stock currently trades at 10.4X current fiscal year EPS estimates, which is not in-line with the peer industry average of 10.4X. Click to get this free report Lennar Corporation (LEN) : Free Stock Analysis Report Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Rank We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Lennar fits the bill. Click to get this free report Lennar Corporation (LEN) : Free Stock Analysis Report Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the next fiscal year, the company is expected to earn $16.03 per share on $37.44 billion in revenues. Lennar has a Value Score of A. One industry peer that looks good is Dream Finders Homes, Inc. (DFH).
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b78874bf-b61e-4f64-b9ea-b45dcc5bcd75
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712514.0
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2023-12-12 00:00:00 UTC
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Bel Fuse Inc. (BELFB) Hit a 52 Week High, Can the Run Continue?
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DCOMP
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https://www.nasdaq.com/articles/bel-fuse-inc.-belfb-hit-a-52-week-high-can-the-run-continue-0
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nan
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nan
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Have you been paying attention to shares of Bel Fuse (BELFB)? Shares have been on the move with the stock up 19.2% over the past month. The stock hit a new 52-week high of $64.76 in the previous session. Bel Fuse has gained 93.2% since the start of the year compared to the 50% move for the Zacks Computer and Technology sector and the 24.6% return for the Zacks Electronics - Miscellaneous Products industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 25, 2023, Bel Fuse reported EPS of $1.55 versus consensus estimate of $1.19 while it beat the consensus revenue estimate by 0.43%.
For the current fiscal year, Bel Fuse is expected to post earnings of $6.28 per share on $650.8 million in revenues. This represents a 36.23% change in EPS on a -0.52% change in revenues. For the next fiscal year, the company is expected to earn $6.22 per share on $650 million in revenues. This represents a year-over-year change of -0.96% and -0.12%, respectively.
Valuation Metrics
Bel Fuse may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Bel Fuse has a Value Score of A. The stock's Growth and Momentum Scores are B and D, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 10.1X current fiscal year EPS estimates, which is not in-line with the peer industry average of 18.5X. On a trailing cash flow basis, the stock currently trades at 11.3X versus its peer group's average of 9.3X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Bel Fuse currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Bel Fuse passes the test. Thus, it seems as though Bel Fuse shares could still be poised for more gains ahead.
How Does BELFB Stack Up to the Competition?
Shares of BELFB have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Flex Ltd. (FLEX). FLEX has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of F.
Earnings were strong last quarter. Flex Ltd. beat our consensus estimate by 17.24%, and for the current fiscal year, FLEX is expected to post earnings of $2.56 per share on revenue of $28.46 billion.
Shares of Flex Ltd. have gained 8.6% over the past month, and currently trade at a forward P/E of 11.19X and a P/CF of 8.7X.
The Electronics - Miscellaneous Products industry may rank in the bottom 64% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for BELFB and FLEX, even beyond their own solid fundamental situation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bel Fuse Inc. (BELFB) : Free Stock Analysis Report
Flex Ltd. (FLEX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level. Fortunately, Bel Fuse currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In its last earnings report on October 25, 2023, Bel Fuse reported EPS of $1.55 versus consensus estimate of $1.19 while it beat the consensus revenue estimate by 0.43%. For the current fiscal year, Bel Fuse is expected to post earnings of $6.28 per share on $650.8 million in revenues. Click to get this free report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Bel Fuse passes the test. FLEX has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of F. Earnings were strong last quarter. Click to get this free report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the next fiscal year, the company is expected to earn $6.22 per share on $650 million in revenues. Bel Fuse has a Value Score of A. FLEX has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of F. Earnings were strong last quarter.
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2dd67d65-9566-463d-9dfc-f727ff46e289
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712515.0
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2023-12-12 00:00:00 UTC
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How META Stock Could Narrow a ‘Magnificent’ Valuation Gap
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DCOMP
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https://www.nasdaq.com/articles/how-meta-stock-could-narrow-a-magnificent-valuation-gap
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If you bought Meta Platforms (NASDAQ:META) shares earlier this year, chances are you aren’t complaining. META stock is up by over 168% year-to-date, and has nearly tripled from its 52-week low.
But for those who have dived into the Facebook and Instagram parent’s shares more recently, instead of “no complaints,” you may be feeling frustration and concern regarding this leading tech stock.
Since the summer, META has more or less traded sideways, as investors digest various fears, uncertainties, and doubts. Some are laying out bearish arguments about META’s performance in the months/year ahead. However, it’s far from a lock that less stellar returns are just around the corner.
In fact, beyond just from the reporting/anticipation of continued earnings growth, shares could rise for another reason in the medium and long-term. It all has to do with META’s relatively lower valuation compared to many of its peers.
Why META Stock Has Yet to Become Overvalued
In late 2022, Meta Platforms was trading at a price-to-earnings ratio in the low-teens. This put shares well-within value stock territory. You can no longer buy META at such a bargain basement valuation, but while no longer undervalued, this stock isn’t overvalued, either.
One reason is that META stock trades at the lower end of the valuation range compared to the “Magnificent Seven” stocks.
As you may know, the “Magnificent Seven” are the seven tech stocks that play an outsized role in driving the movement of the broad market. Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Tesla (NASDAQ:TSLA) are the other six stocks in this category.
Of this group, TSLA and AMZN are valuation outliers, with forward P/Es of 75.1 and 55.6, respectively. AAPL, NVDA, MSFT trade at forward multiples between 30 and 40. In the case of META? Meta Platforms and Alphabet trade at around 23 to 24 times earnings, significantly lower than their peers.
Admittedly, there are some solid reasons a valuation discrepancy exists. Even so, there’s still a path for this gap to narrow.
A Justified Discount? Maybe Not
It goes without saying why neither META stock nor GOOG stock trades at a multiple on par with TSLA or AMZN. These companies (at least, in the minds of the market) have strong potential to report extremely high levels of earnings growth over the next few years.
When it comes to why META and GOOG trade at discounts to, say AAPL, MSFT, and NVDA, the fact both these companies have advertising-focused revenue models explains much of it. The cyclicality of advertising demand suggests a greater level of earnings cyclicality. With Apple, Microsoft and Nvidia’s revenue models product/subscription-focused, perceived certainty about future results is much higher.
Nevertheless, while a valuation discount is warranted, is the current discount justified? Maybe not, as it may be too wide. Chances are this overly wide gap won’t correct on its own, through some sort of “valuation is its own catalyst” type of scenario. However, the respective AI catalysts for Meta and Google could help to bridge it.
I’ll save a more detailed discussion about how AI could help re-rate to the upside for another article, but below is how exactly Meta’s AI catalyst could lead to a substantial re-rating for its shares.
This One Pivot Could Make All the Difference
Ongoing economic challenges could lead to lower-than-expected digital advertising demand next year. However, Meta’s effective use of AI to increase ad revenue from its existing social networks, plus the launch/monetization of new ad-supported applications like Reels may outweigh any re-softening of demand.
Better yet, beyond just improving Meta’s existing revenue model, the company could also turn its AI breakthroughs into new revenue streams.
Similar to how AAPL has been re-rated thanks to its pivot towards a services-based revenue model, a pivot away from a strictly advertising-based revenue model may enable META to move toward a forward valuation in the high-20s/low-30s range.
Taking this into account, if you’re an existing META stock investor, and have been mulling whether to take profit, give it some more thought. If you’ve been hesitant to buy given fears of a sell-off, let my argument help to assuage your concerns.
On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.
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The post How META Stock Could Narrow a ‘Magnificent’ Valuation Gap appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But for those who have dived into the Facebook and Instagram parent’s shares more recently, instead of “no complaints,” you may be feeling frustration and concern regarding this leading tech stock. However, Meta’s effective use of AI to increase ad revenue from its existing social networks, plus the launch/monetization of new ad-supported applications like Reels may outweigh any re-softening of demand. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post How META Stock Could Narrow a ‘Magnificent’ Valuation Gap appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you bought Meta Platforms (NASDAQ:META) shares earlier this year, chances are you aren’t complaining. Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Tesla (NASDAQ:TSLA) are the other six stocks in this category. When it comes to why META and GOOG trade at discounts to, say AAPL, MSFT, and NVDA, the fact both these companies have advertising-focused revenue models explains much of it.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you bought Meta Platforms (NASDAQ:META) shares earlier this year, chances are you aren’t complaining. One reason is that META stock trades at the lower end of the valuation range compared to the “Magnificent Seven” stocks. Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Tesla (NASDAQ:TSLA) are the other six stocks in this category.
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One reason is that META stock trades at the lower end of the valuation range compared to the “Magnificent Seven” stocks. When it comes to why META and GOOG trade at discounts to, say AAPL, MSFT, and NVDA, the fact both these companies have advertising-focused revenue models explains much of it. Similar to how AAPL has been re-rated thanks to its pivot towards a services-based revenue model, a pivot away from a strictly advertising-based revenue model may enable META to move toward a forward valuation in the high-20s/low-30s range.
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712516.0
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2023-12-12 00:00:00 UTC
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SLB (SLB) Moves 6.6% Higher: Will This Strength Last?
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DCOMP
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https://www.nasdaq.com/articles/slb-slb-moves-6.6-higher%3A-will-this-strength-last
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nan
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nan
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SLB (SLB) shares soared 6.6% in the last trading session to close at $52.42. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.4% loss over the past four weeks.
SLB’s shares rallied on the last trading day. The bullishness could be attributed to the sustained high oil and gas prices which is encouraging customers to increase drilling activities. Despite a slight pullback from its peak, oil prices remain favorable for exploration and production activities. This has resulted in higher demand for the company’s oilfield services. With the strong demand for its services, SLB is well positioned to generate record-breaking free cash flows this year.
This world's largest oilfield services company is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +18.3%. Revenues are expected to be $9 billion, up 14.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For SLB, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SLB going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
SLB is part of the Zacks Oil and Gas - Field Services industry. RPC (RES), another stock in the same industry, closed the last trading session 4.2% higher at $7.41. RES has returned -5.5% in the past month.
For RPC, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.12. This represents a change of -70.7% from what the company reported a year ago. RPC currently has a Zacks Rank of #5 (Strong Sell).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Schlumberger Limited (SLB) : Free Stock Analysis Report
RPC, Inc. (RES) : 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 bullishness could be attributed to the sustained high oil and gas prices which is encouraging customers to increase drilling activities. This world's largest oilfield services company is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +18.3%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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This world's largest oilfield services company is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +18.3%. For RPC, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.12. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report RPC, Inc. (RES) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> SLB is part of the Zacks Oil and Gas - Field Services industry. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report RPC, Inc. (RES) : Free Stock Analysis Report To read this article on Zacks.com click here.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> SLB is part of the Zacks Oil and Gas - Field Services industry. RPC (RES), another stock in the same industry, closed the last trading session 4.2% higher at $7.41. For RPC, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.12.
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8dfcbda1-8dfd-4ad5-b6cc-43e2087bf35c
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712517.0
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2023-12-12 00:00:00 UTC
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HCA Healthcare, Inc. (HCA) 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/hca-healthcare-inc.-hca-is-a-trending-stock%3A-facts-to-know-before-betting-on-it
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nan
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nan
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HCA Healthcare (HCA) 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 hospital operator have returned +14.7%, compared to the Zacks S&P 500 composite's +5.2% change. During this period, the Zacks Medical - Hospital industry, which HCA falls in, has gained 16.4%. 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.
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.
For the current quarter, HCA is expected to post earnings of $5.02 per share, indicating a change of +8.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $18.17 points to a change of +7.6% 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 $19.47 indicates a change of +7.2% from what HCA is expected to report a year ago. Over the past month, the estimate has changed -0.5%.
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 #4 (Sell) for HCA.
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.
For HCA, the consensus sales estimate for the current quarter of $16.55 billion indicates a year-over-year change of +6.8%. For the current and next fiscal years, $64.21 billion and $67.49 billion estimates indicate +6.6% and +5.1% changes, respectively.
Last Reported Results and Surprise History
HCA reported revenues of $16.21 billion in the last reported quarter, representing a year-over-year change of +8.3%. EPS of $3.91 for the same period compares with $3.93 a year ago.
Compared to the Zacks Consensus Estimate of $15.77 billion, the reported revenues represent a surprise of +2.8%. The EPS surprise was -1.51%.
Over the last four quarters, HCA surpassed consensus EPS estimates two times. 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.
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.
HCA 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.
Conclusion
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 HCA. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HCA Healthcare, Inc. (HCA) : 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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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. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Conclusion 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 HCA.
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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 HCA reported revenues of $16.21 billion in the last reported quarter, representing a year-over-year change of +8.3%. 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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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 #4 (Sell) for HCA. 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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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 #4 (Sell) for HCA. EPS of $3.91 for the same period compares with $3.93 a year ago.
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2023-12-12 00:00:00 UTC
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Strength Seen in Bank of Hawaii (BOH): Can Its 5.6% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-bank-of-hawaii-boh%3A-can-its-5.6-jump-turn-into-more-strength
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nan
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nan
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Bank of Hawaii (BOH) shares rallied 5.6% in the last trading session to close at $74.46. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 23.4% gain over the past four weeks.
Shares of Bank of Hawaii rallied for the third consecutive day. The Federal Reserve has signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated three interest rate cuts by 2024-end. These developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This will support net interest income and margin growth. Hence, the BOH stock moved higher.
This bank holding company is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of -42%. Revenues are expected to be $159.1 million, down 12.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Bank of Hawaii, the consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on BOH going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Bank of Hawaii is a member of the Zacks Banks - West industry. One other stock in the same industry, Preferred Bank (PFBC), finished the last trading session 6.1% higher at $74.88. PFBC has returned 7.6% over the past month.
For Preferred Bank, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.54. This represents a change of -6.3% from what the company reported a year ago. Preferred Bank currently has a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bank of Hawaii Corporation (BOH) : Free Stock Analysis Report
Preferred Bank (PFBC) : 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 developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This bank holding company is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of -42%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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This bank holding company is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of -42%. For Preferred Bank, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.54. Click to get this free report Bank of Hawaii Corporation (BOH) : Free Stock Analysis Report Preferred Bank (PFBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Bank of Hawaii is a member of the Zacks Banks - West industry. Click to get this free report Bank of Hawaii Corporation (BOH) : Free Stock Analysis Report Preferred Bank (PFBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For Bank of Hawaii, the consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. One other stock in the same industry, Preferred Bank (PFBC), finished the last trading session 6.1% higher at $74.88. Click to get this free report Bank of Hawaii Corporation (BOH) : Free Stock Analysis Report Preferred Bank (PFBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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712519.0
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2023-12-12 00:00:00 UTC
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Delta Air Lines, Inc. (DAL) 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/delta-air-lines-inc.-dal-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-2
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nan
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Delta Air Lines (DAL) 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 airline have returned +19.5% over the past month versus the Zacks S&P 500 composite's +5.2% change. The Zacks Transportation - Airline industry, to which Delta belongs, has gained 18% 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.
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.
Delta is expected to post earnings of $1.16 per share for the current quarter, representing a year-over-year change of -21.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +1%.
For the current fiscal year, the consensus earnings estimate of $6.11 points to a change of +90.9% from the prior year. Over the last 30 days, this estimate has changed +0.2%.
For the next fiscal year, the consensus earnings estimate of $6.75 indicates a change of +10.5% from what Delta 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, Delta 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
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.
For Delta, the consensus sales estimate for the current quarter of $13.89 billion indicates a year-over-year change of +3.4%. For the current and next fiscal years, $55.64 billion and $56.76 billion estimates indicate +10% and +2% changes, respectively.
Last Reported Results and Surprise History
Delta reported revenues of $15.49 billion in the last reported quarter, representing a year-over-year change of +10.8%. EPS of $2.03 for the same period compares with $1.51 a year ago.
Compared to the Zacks Consensus Estimate of $15.29 billion, the reported revenues represent a surprise of +1.29%. The EPS surprise was +5.73%.
Over the last four quarters, Delta 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.
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.
Delta 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 Delta. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. 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 Delta.
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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 Delta reported revenues of $15.49 billion in the last reported quarter, representing a year-over-year change of +10.8%. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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, Delta 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. For the next fiscal year, the consensus earnings estimate of $6.75 indicates a change of +10.5% from what Delta is expected to report a year ago. Compared to the Zacks Consensus Estimate of $15.29 billion, the reported revenues represent a surprise of +1.29%.
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2023-12-12 00:00:00 UTC
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Netflix, Inc. (NFLX) 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/netflix-inc.-nflx-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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Netflix (NFLX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this internet video service have returned +0.6%, compared to the Zacks S&P 500 composite's +5.2% change. During this period, the Zacks Broadcast Radio and Television industry, which Netflix falls in, has gained 6.9%. 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.
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.
For the current quarter, Netflix is expected to post earnings of $2.18 per share, indicating a change of +1,716.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $12.07 for the current fiscal year indicates a year-over-year change of +21.3%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $15.93 indicates a change of +31.9% from what Netflix 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, Netflix 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
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 Netflix, the consensus sales estimate for the current quarter of $8.7 billion indicates a year-over-year change of +10.9%. For the current and next fiscal years, $33.6 billion and $38.22 billion estimates indicate +6.3% and +13.8% changes, respectively.
Last Reported Results and Surprise History
Netflix reported revenues of $8.54 billion in the last reported quarter, representing a year-over-year change of +7.8%. EPS of $3.73 for the same period compares with $3.10 a year ago.
Compared to the Zacks Consensus Estimate of $8.53 billion, the reported revenues represent a surprise of +0.11%. The EPS surprise was +7.8%.
Over the last four quarters, Netflix surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two 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.
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.
Netflix 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.
Conclusion
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 Netflix. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Netflix, Inc. (NFLX) : 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. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Conclusion 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 Netflix.
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Last Reported Results and Surprise History Netflix reported revenues of $8.54 billion in the last reported quarter, representing a year-over-year change of +7.8%. 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.
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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 $3.73 for the same period compares with $3.10 a year ago. The company topped consensus revenue estimates two times over this period.
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712521.0
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2023-12-12 00:00:00 UTC
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The Zacks Rank Explained: How to Find Strong Buy Consumer Discretionary Stocks
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DCOMP
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https://www.nasdaq.com/articles/the-zacks-rank-explained%3A-how-to-find-strong-buy-consumer-discretionary-stocks-4
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nan
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nan
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Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?
Enter the Zacks Rank.
What is the Zacks Rank?
A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."
The Power of Institutional Investors
The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.
In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.
With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.
Since it can often take weeks, if not months, for an institutional investor to build a position (given their size), retail investors who get in at the first sign of upward earnings estimate revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks Rank
The Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at Royal Caribbean (RCL), which was added to the Zacks Rank #1 list on November 11, 2023.
Based in Miami and incorporated in 1985, Royal Caribbean Cruises is a cruise company. It owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Additionally, it has 50% investment in a joint venture with TUI AG, which operates the brand, TUI Cruises.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.47 to $6.59 per share. RCL boasts an average earnings surprise of 28.3%.
Analysts are expecting earnings to grow 187.9% for the current fiscal year, with revenue forecasted to rise 57.7%.
Even more impressive, RCL has gained in value over the past four weeks, up 17.1% compared to the S&P 500's gain of 5.2%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Royal Caribbean should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top Stocks
Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Royal Caribbean Cruises Ltd. (RCL) : 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.
|
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor. How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals? In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.
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Bottom Line With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Royal Caribbean should be on investors' shortlist. Discover Today's Top Stocks Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio. The Power of Institutional Investors The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors. How to Invest with the Zacks Rank The Zacks Rank is known for transforming investment portfolios.
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What is the Zacks Rank? How to Invest with the Zacks Rank The Zacks Rank is known for transforming investment portfolios. Discover Today's Top Stocks Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988.
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712522.0
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2023-12-12 00:00:00 UTC
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The Home Depot, Inc. (HD) 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-home-depot-inc.-hd-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-4
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nan
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nan
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Home Depot (HD) 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 home-improvement retailer have returned +14.8%, compared to the Zacks S&P 500 composite's +5.2% change. During this period, the Zacks Building Products - Retail industry, which Home Depot falls in, has gained 14.8%. 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.
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.
For the current quarter, Home Depot is expected to post earnings of $2.75 per share, indicating a change of -16.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.7% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $15.05 points to a change of -9.8% 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 $15.64 indicates a change of +4% from what Home Depot is expected to report a year ago. Over the past month, the estimate has changed -0.2%.
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 Home Depot.
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.
For Home Depot, the consensus sales estimate for the current quarter of $34.54 billion indicates a year-over-year change of -3.6%. For the current and next fiscal years, $152.42 billion and $153.96 billion estimates indicate -3.2% and +1% changes, respectively.
Last Reported Results and Surprise History
Home Depot reported revenues of $37.71 billion in the last reported quarter, representing a year-over-year change of -3%. EPS of $3.81 for the same period compares with $4.24 a year ago.
Compared to the Zacks Consensus Estimate of $37.52 billion, the reported revenues represent a surprise of +0.5%. The EPS surprise was +1.33%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two 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.
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.
Home Depot 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.
Conclusion
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 Home Depot. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Home Depot, Inc. (HD) : 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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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. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Conclusion 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 Home Depot.
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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 Home Depot reported revenues of $37.71 billion in the last reported quarter, representing a year-over-year change of -3%. 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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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 Home Depot. 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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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 Home Depot. EPS of $3.81 for the same period compares with $4.24 a year ago.
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2023-12-12 00:00:00 UTC
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Investors Heavily Search Alibaba Group Holding Limited (BABA): Here is What You Need to Know
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https://www.nasdaq.com/articles/investors-heavily-search-alibaba-group-holding-limited-baba%3A-here-is-what-you-need-to-7
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Alibaba (BABA) 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 online retailer have returned -8.3% over the past month versus the Zacks S&P 500 composite's +5.2% change. The Zacks Internet - Commerce industry, to which Alibaba belongs, has gained 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.
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.
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.
For the current quarter, Alibaba is expected to post earnings of $2.83 per share, indicating a change of +1.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.6% over the last 30 days.
The consensus earnings estimate of $9.12 for the current fiscal year indicates a year-over-year change of +14.9%. This estimate has changed +2.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $8.96 indicates a change of -1.8% from what Alibaba is expected to report a year ago. Over the past month, the estimate has changed -4.8%.
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, Alibaba 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
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.
For Alibaba, the consensus sales estimate for the current quarter of $37.83 billion indicates a year-over-year change of +5.3%. For the current and next fiscal years, $133.01 billion and $143.97 billion estimates indicate +5.5% and +8.2% changes, respectively.
Last Reported Results and Surprise History
Alibaba reported revenues of $30.81 billion in the last reported quarter, representing a year-over-year change of +5.8%. EPS of $2.14 for the same period compares with $1.82 a year ago.
Compared to the Zacks Consensus Estimate of $31.01 billion, the reported revenues represent a surprise of -0.64%. The EPS surprise was +1.42%.
The company beat consensus EPS estimates in each of the trailing four quarters. 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.
Alibaba 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 Alibaba. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alibaba Group Holding Limited (BABA) : 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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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. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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 Alibaba.
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For the next fiscal year, the consensus earnings estimate of $8.96 indicates a change of -1.8% from what Alibaba 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, Alibaba 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 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.
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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, Alibaba 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 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. 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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And if earnings estimates go up for a company, the fair value for its stock goes up. EPS of $2.14 for the same period compares with $1.82 a year ago. The company topped consensus revenue estimates two times over this period.
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2023-12-12 00:00:00 UTC
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Microsoft Corporation (MSFT) Is a Trending Stock: Facts to Know Before Betting on It
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https://www.nasdaq.com/articles/microsoft-corporation-msft-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-11
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Microsoft (MSFT) 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 software maker have returned -2.7%, compared to the Zacks S&P 500 composite's +5.2% change. During this period, the Zacks Computer - Software industry, which Microsoft falls in, has lost 0.2%. 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.
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.
For the current quarter, Microsoft is expected to post earnings of $2.75 per share, indicating a change of +18.5% from the year-ago quarter. The Zacks Consensus Estimate has changed 0% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $11.13 points to a change of +13.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $12.70 indicates a change of +14.1% from what Microsoft 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 Microsoft.
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.
For Microsoft, the consensus sales estimate for the current quarter of $61.02 billion indicates a year-over-year change of +15.7%. For the current and next fiscal years, $242.31 billion and $274.9 billion estimates indicate +14.3% and +13.5% changes, respectively.
Last Reported Results and Surprise History
Microsoft reported revenues of $56.52 billion in the last reported quarter, representing a year-over-year change of +12.8%. EPS of $2.99 for the same period compares with $2.35 a year ago.
Compared to the Zacks Consensus Estimate of $54.4 billion, the reported revenues represent a surprise of +3.9%. The EPS surprise was +12.83%.
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.
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.
Microsoft 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.
Conclusion
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 Microsoft. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : 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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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. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Conclusion 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 Microsoft.
|
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 Microsoft reported revenues of $56.52 billion in the last reported quarter, representing a year-over-year change of +12.8%. 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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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. 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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And if earnings estimates go up for a company, the fair value for its stock goes up. The Zacks Consensus Estimate has changed 0% over the last 30 days. EPS of $2.99 for the same period compares with $2.35 a year ago.
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2023-12-12 00:00:00 UTC
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The Zacks Analyst Blog Highlights Apple, Bank of America, S&P Global, Workday and 3M Company
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-apple-bank-of-america-sp-global-workday-and-3m-company
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For Immediate Release
Chicago, IL – December 15, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple Inc. AAPL, Bank of America Corp. BAC, S&P Global Inc. SPGI, Workday, Inc. WDAY and 3M Company MMM.
Here are highlights from Thursday’s Analyst Blog:
Earnings Season Update and New Reports for Apple, BofA and S&P Global
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features a real-time update on the evolving earnings picture as the early Q4 results come in, in addition to featuring new research reports published by our team analysts today. These include updated research reports on Apple Inc., Bank of America Corp., S&P Global Inc. and many others. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Earnings Season Update
Adobe became the third S&P 500 company to release quarterly results that get counted as part of our 2023 Q4 earnings tally. The Adobe results were for the company's fiscal quarter ending in November, as were earlier results from AutoZone and Oracle.
A number of other bellwethers like Nike and FedEx will similarly be coming out with their respective fiscal November-quarter results, which will get counted as part of the 2023 Q4 earnings season tally. The Q4 reporting cycle will really get going with the JPMorgan results on January 12th, 2024. But we will have seen such early November-quarter results by almost two dozen S&P 500 members by the time JPMorgan reports.
For the three S&P 500 members that have reported such Q4 results, total earnings are up +16.3% from the same period last year on +6.7% higher revenues, with two out of the three (66.7% of the total) beating EPS and revenue estimates. This is comparable performance relative to what we had seen from this group of three index members in the preceding period.
Looking at Q3 as a whole, combining the actuals for these three S&P 500 members with estimates for the still-to-come companies, total earnings are expected to decline -0.1% from the same period last year on +2.3% higher revenues. This would follow the +3.5% earnings growth in the preceding period, which came after three back-to-back quarters of earnings declines.
Unlike the last two quarters, estimates for Q4 have been under pressure since the quarter got underway, with the current -0.1% decline down from +5.5% in early October at the start of the quarter. Estimates were largely stable in the comparable periods of the preceding two quarters. In this respect, the Q4 revisions trend represents a notable shift.
Today's Featured Analyst Reports
Apple shares have performed roughly in-line with the Zacks Tech sector (+44.3% vs. +44.5%) but have handily outperformed the S&P 500 index (up +21.3%). The company is benefiting from strong demand for the iPhone. Apple expects the iPhone's year-over-year revenues to grow on an absolute basis in first-quarter fiscal 2024.
Revenues for Mac are expected to significantly accelerate compared with the fourth-quarter fiscal 2023's reported figure. It expects the year-over-year revenue growth for both iPad and Wearables, Home and Accessories to decelerate significantly from the September quarter due to a different timing of product launches.
For the Services segment, Apple expects average revenues per week to grow at a similar strong double-digit rate as it did during the September quarter. It is benefiting from increasing customer engagement in the services segment. The expanding content portfolio of Apple TV+ aids subscriber growth.
(You can read the full research report on Apple here >>>)
Shares of Bank of America have gained +4.0% over the past year against the Zacks Banks - Major Regional industry's gain of +13.2%. Higher interest rates and decent loan demand will keep supporting the company's net interest income (NII) growth in the upcoming quarters.
Yet, the current tough macroeconomic environment will continue to weigh on the company's investment banking (IB) business. This, along with the volatile nature of the capital markets, will likely hurt fee income. Due to inflationary pressure, overall costs are expected to remain elevated.
(You can read the full research report on Bank of America here >>>)
S&P Global shares have outperformed the Zacks Business - Information Services industry over the past year (+27.5% vs. +22.4%). The company remains well-poised to gain from the growing demand for business information services. Buyouts help innovate, increase differentiated content and develop new products.
New service launches have been aiding the company's growth. Dividend payments and share buybacks boost investors' confidence and positively impact earnings per share. Increasing the current ratio bodes well for the company.
However, S&P Global remains vulnerable to proceedings, investigations and inquiries concerning the ratings provided, leading to legal charges, damages or fines. Growth initiatives, higher compensations and incentives raise the company's expenses. More long-term debt than cash does not bode well for the company.
(You can read the full research report on S&P Global here >>>)
Other noteworthy reports we are featuring today include Workday, Inc. and 3M Company.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
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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/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
3M Company (MMM) : Free Stock Analysis Report
Workday, Inc. (WDAY) : Free Stock Analysis Report
S&P Global Inc. (SPGI) : 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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Stocks recently featured in the blog include: Apple Inc. AAPL, Bank of America Corp. BAC, S&P Global Inc. SPGI, Workday, Inc. WDAY and 3M Company MMM. Today's Featured Analyst Reports Apple shares have performed roughly in-line with the Zacks Tech sector (+44.3% vs. +44.5%) but have handily outperformed the S&P 500 index (up +21.3%). It expects the year-over-year revenue growth for both iPad and Wearables, Home and Accessories to decelerate significantly from the September quarter due to a different timing of product launches.
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Stocks recently featured in the blog include: Apple Inc. AAPL, Bank of America Corp. BAC, S&P Global Inc. SPGI, Workday, Inc. WDAY and 3M Company MMM. S&P Global shares have outperformed the Zacks Business - Information Services industry over the past year (+27.5% vs. +22.4%). Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Thursday’s Analyst Blog: Earnings Season Update and New Reports for Apple, BofA and S&P Global The Zacks Research Daily presents the best research output of our analyst team. You can see all of today's research reports here >>> Earnings Season Update Adobe became the third S&P 500 company to release quarterly results that get counted as part of our 2023 Q4 earnings tally. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Featured Analyst Reports Apple shares have performed roughly in-line with the Zacks Tech sector (+44.3% vs. +44.5%) but have handily outperformed the S&P 500 index (up +21.3%). Increasing the current ratio bodes well for the company. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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37dc9a4b-28f0-4a87-9cc7-ffa65cf7ea73
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712526.0
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2023-12-12 00:00:00 UTC
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WSFS (WSFS) Surges 5.7%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/wsfs-wsfs-surges-5.7%3A-is-this-an-indication-of-further-gains
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WSFS Financial (WSFS) shares soared 5.7% in the last trading session to close at $46.22. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.4% gain over the past four weeks.
Shares of WSFS Financial rallied for the second consecutive day. The Federal Reserve has signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated three interest rate cuts by 2024-end. These developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This will support net interest income and margin growth. Hence, the WSFS stock moved higher.
This bank holding company is expected to post quarterly earnings of $1.08 per share in its upcoming report, which represents a year-over-year change of -21.7%. Revenues are expected to be $247.42 million, down 4.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For WSFS, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WSFS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
WSFS belongs to the Zacks Financial - Savings and Loan industry. Another stock from the same industry, Berkshire Hills Bancorp (BHLB), closed the last trading session 1.9% higher at $25.16. Over the past month, BHLB has returned 14.5%.
Berkshire Hills' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.50. Compared to the company's year-ago EPS, this represents a change of -21.9%. Berkshire Hills currently boasts a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WSFS Financial Corporation (WSFS) : Free Stock Analysis Report
Berkshire Hills Bancorp, Inc. (BHLB) : 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 developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This bank holding company is expected to post quarterly earnings of $1.08 per share in its upcoming report, which represents a year-over-year change of -21.7%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Another stock from the same industry, Berkshire Hills Bancorp (BHLB), closed the last trading session 1.9% higher at $25.16. Berkshire Hills' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.50. Click to get this free report WSFS Financial Corporation (WSFS) : Free Stock Analysis Report Berkshire Hills Bancorp, Inc. (BHLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> WSFS belongs to the Zacks Financial - Savings and Loan industry. Click to get this free report WSFS Financial Corporation (WSFS) : Free Stock Analysis Report Berkshire Hills Bancorp, Inc. (BHLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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WSFS Financial (WSFS) shares soared 5.7% in the last trading session to close at $46.22. Berkshire Hills' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.50. Compared to the company's year-ago EPS, this represents a change of -21.9%.
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0b329a6e-677b-443b-b8ba-0dbde20df690
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712527.0
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2023-12-12 00:00:00 UTC
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Align Technologies (ALGN) Secures Updated Medical Device License
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DCOMP
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https://www.nasdaq.com/articles/align-technologies-algn-secures-updated-medical-device-license
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Align Technologies ALGN received an updated medical device license from Health Canada for its Invisalign Palatal Expander system for broad patient applicability, including growing children, teens and adults (with surgery or other techniques). The system was unveiled at the company’s 2023 Investor Day in September and is presently available on a limited basis in Canada.
The Invisalign Palatal Expander system is pending the FDA’s 510(k) submission and is not yet available in the United States. ALGN is revolutionizing digital dentistry through the Align Digital Platform, an integrated suite of proprietary technologies and services designed to deliver a seamless, end-to-end solution for patients and consumers, orthodontists, general practitioners (GP) dentists and lab partners.
About the Invisalign Palatal Expander System
The Invisalign Palatal Expander is designed based on the company’s proprietary and patented technology. The modern, innovative direct 3D printed orthodontic appliance provides a safe, comfortable and clinically effective alternative to traditional palatal expanders that require manually turning a screw in the device in the mouth daily to achieve expansion. These are intended for use in rapid expansion and subsequent holding of skeletal and/or dental narrow maxilla (upper jaw) with primary, mixed, or permanent dentition during the treatment of patients.
Image Source: Zacks Investment Research
The system consists of a series of removable devices staged in small increments of movement to expand a patient’s narrow maxilla to a position determined by their treating doctor. Each direct 3D printed device is customized to the patient’s unique anatomy based on an iTero intraoral digital scan. Following this, a palatal expansion treatment plan and device design are developed using Align Technology’s proprietary AI-driven orthodontic software.
The Invisalign Palatal Expander system is expected to be available in other markets pending regulatory approvals beginning 2024.
Strategic Advantages
With the launch of Invisalign Palatal Expanders, ALGN intends to increase market opportunity in the teen market by addressing a portion of cases that were otherwise not possible to treat without these devices. The system eases the usual challenges associated with palatal expansion, including maintaining proper hygiene, emergency appointments, turning the screw and the parents’ fear of causing pain to their child in treatment.
Combined with Invisalign First aligners, Invisalign Palatal Expanders provides doctors with a full early intervention treatment solution for Phase 1 treatment, which makes up 20 percent of orthodontic cases starting each year. The early interceptive treatment is typically done at ages six through ten, through arch expanders or partial metal braces, before all permanent teeth have erupted. The addition of mandibular advancement features to Invisalign aligners also provides doctors with more options for treating skeletal and dental jaw imbalances and bite correction for their growing patients during their teenage years.
Industry Prospects
Per a Research report, the 3D printing market is valued at $15 billion in 2023 and is expected to witness a CAGR of 18.1% till 2028.
Other Notable Developments
The company is transforming orthodontic treatment through the adoption of next-generation tools and customized treatment plans based on years of research and intelligence from millions of patients treated with the Invisalign System. At the foundation of this goal lies the Align Digital Platform, which utilizes the Align Digital Workflow, comprising dedicated tools and capabilities for each stage of the Invisalign treatment journey.
In September 2023, ALGN introduced the Plan Editor tool in the Plan stage of the Align digital workflow. This enables enhanced flexibility and customization in Invisalign treatment planning for Invisalign-trained orthodontists and GP dentists. The company also launched new software innovations — the Align Oral Health Suite and iTero-exocad Connector — to accelerate digital practice transformation.
Price Performance
In the past six months, ALGN shares have lost 22.1% compared with the industry’s fall of 2.2%
Zacks Rank and Key Picks
Align Technologies currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are Haemonetics HAE, Insulet PODD and DexCom DXCM. Haemonetics and DexCom carry a Zacks Rank #2 (Buy) each, while Insulet sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Haemonetics’ stock has gained 13.3% in the past year. Earnings estimates for Haemonetics have increased from $3.86 to $3.89 in 2023 and $4.11 to $4.15 in 2024 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for Insulet’s 2023 earnings per share have increased from $1.80 to $1.91 in the past 30 days. Shares of the company have lost 30.9% in the past year compared with the industry’s decline of 1.2%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.5%.
Estimates for DexCom’s 2023 earnings per share have increased from $1.43 to $1.44 in the past 30 days. Shares of the company have gained 7.4% in the past year compared with the industry’s growth of 2.9%.
DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Align Technology, Inc. (ALGN) : Free Stock Analysis Report
Haemonetics Corporation (HAE) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Insulet Corporation (PODD) : 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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Align Technologies ALGN received an updated medical device license from Health Canada for its Invisalign Palatal Expander system for broad patient applicability, including growing children, teens and adults (with surgery or other techniques). The modern, innovative direct 3D printed orthodontic appliance provides a safe, comfortable and clinically effective alternative to traditional palatal expanders that require manually turning a screw in the device in the mouth daily to achieve expansion. Image Source: Zacks Investment Research The system consists of a series of removable devices staged in small increments of movement to expand a patient’s narrow maxilla to a position determined by their treating doctor.
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Align Technologies ALGN received an updated medical device license from Health Canada for its Invisalign Palatal Expander system for broad patient applicability, including growing children, teens and adults (with surgery or other techniques). Price Performance In the past six months, ALGN shares have lost 22.1% compared with the industry’s fall of 2.2% Zacks Rank and Key Picks Align Technologies currently carries a Zacks Rank #3 (Hold). Click to get this free report Align Technology, Inc. (ALGN) : Free Stock Analysis Report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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About the Invisalign Palatal Expander System The Invisalign Palatal Expander is designed based on the company’s proprietary and patented technology. Other Notable Developments The company is transforming orthodontic treatment through the adoption of next-generation tools and customized treatment plans based on years of research and intelligence from millions of patients treated with the Invisalign System. Click to get this free report Align Technology, Inc. (ALGN) : Free Stock Analysis Report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Following this, a palatal expansion treatment plan and device design are developed using Align Technology’s proprietary AI-driven orthodontic software. Combined with Invisalign First aligners, Invisalign Palatal Expanders provides doctors with a full early intervention treatment solution for Phase 1 treatment, which makes up 20 percent of orthodontic cases starting each year. Earnings estimates for Haemonetics have increased from $3.86 to $3.89 in 2023 and $4.11 to $4.15 in 2024 in the past 30 days.
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712528.0
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2023-12-12 00:00:00 UTC
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7 Battery Stocks Poised for Multibagger Growth
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DCOMP
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https://www.nasdaq.com/articles/7-battery-stocks-poised-for-multibagger-growth
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As the world pivots towards sustainable transportation and energy, batteries have become the cornerstone of modern revolution. Despite the dependence on geographically concentrated and scarce metal resources, the sector remains on the cusp of a major transformation. In its most lucrative long-term market in EVs, breakthroughs, such as solid-state and sodium-ion batteries, could redefine the landscape. This shift comes at a time when the EV market’s demand curve is projected to steepen once again, offering an attractive window of opportunity. Therefore, multibagger battery stocks represent not just an investment in the booming demand for energy storage but also in the technological leap expected to drive the next wave of EV adoption. With that said, here are seven multibagger battery stocks offering robust long-term upside ahead.
Albemarle (ALB)
Source: IgorGolovniov/Shutterstock.com
Albemarle’s (NYSE:ALB) journey through over a 50% correction over the past year raises eyebrows, but there’s a silver lining. With the likelihood of a lithium shortage by 2025, ALB’s stock shimmer holds incredible value, trading at just 1.5 times forward sales estimates. Lithium, often dubbed the lifeblood of batteries, is poised for a price surge in the next 12 to 24 months, and ALB is set to benefit immensely with a resurgence in top and bottom-line growth ahead.
Despite a recent dip in earnings and a cautious revision of its full-year guidance, Albemarle’s fundamentals remain as robust as ever. The company isn’t just weathering the storm; it’s expanding its horizons at a healthy pace. From a lithium conversion capacity of 200ktpa in 2022, it’s boldly aiming for a 600ktpa capacity by 2027. This ambitious growth strategy positions Albemarle to not just ride the wave but to lead the charge in the battery stock market.
Toyota (TM)
Source: josefkubes / Shutterstock.com
Toyota (NYSE:TM) has been making major headway in the battery sphere, a major shift from its traditional automotive focus. With a massive investment that has swelled from $5.6 billion to over $9 billion, the company is gearing up to commence battery production next year. Critical to this venture is the new North Carolina battery plant, representing a whopping $6 billion investment and expected to be operational by 2025. It invested a whopping $8 billion more into its North Carolina battery plant in October. This facility will boast six battery production lines, diversifying its output to cater to both hybrid and battery EVs.
Toyota’s ambitions don’t end with internal production. The company is forging strategic partnerships, mainly with LG for battery supply and with Idemitsu for the mass production of its solid-state batteries. This collaborative approach combines Toyota’s manufacturing strengths with the tech expertise of its partners, aiming to start production by 2027 or 2028.
The company aims to have 10 active battery production lines by 2025, eventually expanding to 70. Moreover, this expansion, coupled with partnerships like the one with LG Energy Solution, highlights Toyota’s drive to increase its market share in the evolving battery industry.
Panasonic (PCRFY)
Source: testing/Shutterstock.com
Panasonic (OTCMKTS:PCRFY) is one of the most popular names in the battery sphere, notable for its alliance with EV pioneer Tesla. The company announced an incredibly bold plan to boost its annual production capacity for EV battery cells, targeting a massive increase to 200 GWh by March 2031. This ambitious goal represents a fourfold increase in its current battery production capacity.
The decision to expand is driven not only by the burgeoning EV market but also by Panasonic’s exploration of innovative battery technologies. These include cobalt-free options and cells boasting an energy density of 1,000 Wh/l. Furthermore, it boasts 445 patents in solid-state batteries making significant strides in enhancing battery durability and density. Therefore, given the dynamics of the current EV sector, where market shares are continuously shifting, Panasonic stands as a seasoned player in the battery realm. Its established position, coupled with innovative advancements and ambitious growth plans, makes it a compelling choice for investors looking to capitalize on the evolving battery sector.
QuantumScape (QS)
Source: rafapress / Shutterstock.com
QuantumScape (NYSE:QS) has experienced a topsy-turvy 2023, with its stock prices fluctuating considerably yet remaining relatively flat year-to-date. However, the potential of its solid-state EV batteries positions the firm for possible future long-term expansion. As a pre-revenue firm, QuantumScape’s focus is on developing advanced solid-state batteries, promising higher energy density, cost-effectiveness, and enhanced safety compared to traditional lithium-ion batteries. These batteries, lighter and smaller, leading to more efficient and economical vehicle designs.
The scientific foundation behind QuantumScape’s solid-state batteries remain robust, supported by extensive research highlighting their advantages. Moreover, QuantumScape’s recent financial report shows a substantial cash reserve, providing a runway of approximately 2.5 years given their current burn rate. Investors considering that a company should be mindful of the inherent risks associated with a pre-revenue firm, especially in terms of capital depletion.
Honeywell (HON)
Source: MarySan / Shutterstock
Honeywell (NASDAQ:HON) remains a standout choice for investors in the battery stock sphere. Known as the nerve center across a myriad of industries, Honeywell presents a relatively appealing low-risk option for those looking to wager on battery stocks. Its recent financial performance underscores its strength, with a notable 3% increase in total sales to $9.2 billion, alongside a 10% surge in orders pushing its backlog to a record $31.4 billion.
More than just robust financials, Honeywell’s diverse energy storage solutions are a key part of its allure. The company’s portfolio includes lithium-ion, flow, and hydrogen batteries, covering multiple discharge cycles, from four-hour and 10-hour to long-term. These energy storage systems fall under its popular Performance Materials and Technologies segment, which continues to exhibit healthy long-term growth.
Additionally, Honeywell offers investors a sense of stability with a 2% dividend yield, backed by a history of 21 consecutive years of dividend payments. This blend of financial strength, technological diversity, and a reliable dividend track record positions Honeywell as a compelling long-term option for those seeking a balanced investment in the battery industry.
Solid Power (SLDP)
Source: T. Schneider / Shutterstock.com
Solid Power (NASDAQ:SLDP) is another significant player in the solid-state battery technology sector, drawing attention to its robust financial performance. In the third quarter, the firm reported substantial sales of $6.4 million, marking a hefty increase of $3.6 million compared to the same period in 2022. Over nine months, Solid Power’s revenue hit $15.1 million, a size-able jump of $7.5 million, signaling robust growth momentum. However, this growth comes at a cost, with increased operating expenses reflecting Solid Power’s powerful growth investments in product development and operational expansion.
The company reported an operating loss of $21.5 million for the third quarter of 2023, alongside a net loss of $15.1 million. On the business development front, Solid Power has achieved a milestone by delivering its first A-1 EV cells to BMW (OTCMKTS:BMWYY). This delivery marks a critical step in the formal automotive qualification process, opening doors for future collaborations. Additionally, the company is transitioning from its SP1 production to ramping up electrolyte production at SP2, signifying its commitment to scaling operations to meet the needs of potential partners.
Lithium Americas (LAC)
Source: Wirestock Creators / Shutterstock.com
Lithium Americas (NYSE:LAC) is a big name in the lithium market, showcasing its potential through several key projects. The Thacker Pass project in Nevada is the centerpiece of its portfolio, promising an impressive future with a stellar after-tax net present value exceeding $5.5 billion. Set to commence in 2026, Thacker Pass could potentially yield a whopping 80,000 tons of lithium carbonate equivalent (LCE) annually.
Moreover, LAC isn’t hitching its hopes on the Thacker Pass alone as its Cauchari-Olaroz project in Argentina, a joint venture with China’s Ganfeng Lithium (OTCMKTS:GNENF), is set to produce a massive 40,000 tons of LCE per year. Additionally, the company’s Pastos Grandes project, also in Argentina, will further boost its output with an expected annual contribution of 24,000 tons of LCE starting in 2024. Furthermore, Analysts are optimistic, predicting a swing toward profitability for LAC within the next 12 months. In a nutshell, while there’s a bit of a wait before its major projects go live, the strategic partnerships and projected outputs place LAC in a promising spot within the lithium market.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post 7 Battery Stocks Poised for Multibagger Growth appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lithium, often dubbed the lifeblood of batteries, is poised for a price surge in the next 12 to 24 months, and ALB is set to benefit immensely with a resurgence in top and bottom-line growth ahead. This blend of financial strength, technological diversity, and a reliable dividend track record positions Honeywell as a compelling long-term option for those seeking a balanced investment in the battery industry. Moreover, LAC isn’t hitching its hopes on the Thacker Pass alone as its Cauchari-Olaroz project in Argentina, a joint venture with China’s Ganfeng Lithium (OTCMKTS:GNENF), is set to produce a massive 40,000 tons of LCE per year.
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The company announced an incredibly bold plan to boost its annual production capacity for EV battery cells, targeting a massive increase to 200 GWh by March 2031. As a pre-revenue firm, QuantumScape’s focus is on developing advanced solid-state batteries, promising higher energy density, cost-effectiveness, and enhanced safety compared to traditional lithium-ion batteries. Solid Power (SLDP) Source: T. Schneider / Shutterstock.com Solid Power (NASDAQ:SLDP) is another significant player in the solid-state battery technology sector, drawing attention to its robust financial performance.
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This facility will boast six battery production lines, diversifying its output to cater to both hybrid and battery EVs. The company is forging strategic partnerships, mainly with LG for battery supply and with Idemitsu for the mass production of its solid-state batteries. As a pre-revenue firm, QuantumScape’s focus is on developing advanced solid-state batteries, promising higher energy density, cost-effectiveness, and enhanced safety compared to traditional lithium-ion batteries.
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With a massive investment that has swelled from $5.6 billion to over $9 billion, the company is gearing up to commence battery production next year. The company aims to have 10 active battery production lines by 2025, eventually expanding to 70. As a pre-revenue firm, QuantumScape’s focus is on developing advanced solid-state batteries, promising higher energy density, cost-effectiveness, and enhanced safety compared to traditional lithium-ion batteries.
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712529.0
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2023-12-12 00:00:00 UTC
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InMode Ltd. (INMD) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/inmode-ltd.-inmd-is-attracting-investor-attention%3A-here-is-what-you-should-know-1
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nan
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InMode (INMD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this maker of cosmetic surgery devices have returned +6.4% over the past month versus the Zacks S&P 500 composite's +5.2% change. The Zacks Medical - Products industry, to which InMode belongs, has gained 9.4% 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
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.
InMode is expected to post earnings of $0.62 per share for the current quarter, representing a year-over-year change of -20.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -14.3%.
For the current fiscal year, the consensus earnings estimate of $2.48 points to a change of +2.5% from the prior year. Over the last 30 days, this estimate has changed -4%.
For the next fiscal year, the consensus earnings estimate of $2.64 indicates a change of +6.5% from what InMode is expected to report a year ago. Over the past month, the estimate has changed -7%.
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 #4 (Sell) for InMode.
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 InMode, the consensus sales estimate of $125.5 million for the current quarter points to a year-over-year change of -6%. The $490.8 million and $529 million estimates for the current and next fiscal years indicate changes of +8% and +7.8%, respectively.
Last Reported Results and Surprise History
InMode reported revenues of $123.11 million in the last reported quarter, representing a year-over-year change of +1.6%. EPS of $0.61 for the same period compares with $0.66 a year ago.
Compared to the Zacks Consensus Estimate of $123 million, the reported revenues represent a surprise of +0.09%. The EPS surprise was +1.67%.
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.
InMode 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 InMode. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
InMode Ltd. (INMD) : 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. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. 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 InMode.
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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 InMode reported revenues of $123.11 million in the last reported quarter, representing a year-over-year change of +1.6%. 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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So, you might want to look at some of the facts that could shape the stock's performance in the near term. When earnings estimates for a company go up, the fair value for its stock goes up as well. The company topped consensus revenue estimates three times over this period.
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712530.0
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2023-12-12 00:00:00 UTC
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This Top Retail and Wholesale Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
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DCOMP
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https://www.nasdaq.com/articles/this-top-retail-and-wholesale-stock-is-a-1-strong-buy%3A-why-it-should-be-on-your-radar-35
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It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.
How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?
Enter the Zacks Rank.
What is the Zacks Rank?
A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.
The Power of Institutional Investors
The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
Institutional investors are responsible for managing the trillions of dollars invested in mutual funds, hedge funds, and investment banks. Research has shown that these investors can and do move the market due to the large amount of money they deal with, and thus, the market tends to move in the same direction as them.
In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.
Institutional investors will use these changes to help in their decision-making, typically buying stocks with rising estimates and selling those with falling estimates. Higher earnings expectations can translate into a rise in stock price and bigger gains for the investor.
Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks Rank
The Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at Deckers (DECK), which was added to the Zacks Rank #1 list on December 15, 2023.
Founded in 1973 and headquartered in Goleta, California, Deckers Outdoor Corporation is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprised of Koolaburra).
10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $1.09 to $23.49 per share. DECK also boasts an average earnings surprise of 26.3%.
Earnings are expected to grow 21.3% for the current fiscal year, while revenue is projected to increase 11.6%.
Additionally, DECK has climbed higher over the past four weeks, gaining 13.4%. The S&P 500 is up 5.2% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Deckers should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top Stocks
Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck. How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals? In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.
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The Power of Institutional Investors The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors. Bottom Line With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Deckers should be on investors' shortlist. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio. The Power of Institutional Investors The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors. How to Invest with the Zacks Rank The Zacks Rank is known for transforming investment portfolios.
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What is the Zacks Rank? How to Invest with the Zacks Rank The Zacks Rank is known for transforming investment portfolios. 10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $1.09 to $23.49 per share.
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712531.0
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2023-12-12 00:00:00 UTC
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Strength Seen in Wells Fargo (WFC): Can Its 5.8% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-wells-fargo-wfc%3A-can-its-5.8-jump-turn-into-more-strength
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Wells Fargo (WFC) shares rallied 5.8% in the last trading session to close at $50.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.5% gain over the past four weeks.
Shares of Wells Fargo rallied for the third consecutive day and touched a 52-week high of $50.55. The Federal Reserve has signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated three interest rate cuts by 2024-end.
These favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This will support net interest income and margin growth. Hence, the WFC stock moved higher.
This biggest U.S. mortgage lender is expected to post quarterly earnings of $1.23 per share in its upcoming report, which represents a year-over-year change of +83.6%. Revenues are expected to be $20.29 billion, up 3.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Wells Fargo, the consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on WFC going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Wells Fargo belongs to the Zacks Banks - Major Regional industry. Another stock from the same industry, Citigroup (C), closed the last trading session 1.8% higher at $50.24. Over the past month, C has returned 9.9%.
Citigroup's consensus EPS estimate for the upcoming report has changed -3.3% over the past month to $1.16. Compared to the company's year-ago EPS, this represents a change of +5.5%. Citigroup currently boasts a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Wells Fargo & Company (WFC) : Free Stock Analysis Report
Citigroup Inc. (C) : 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 favorable developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This biggest U.S. mortgage lender is expected to post quarterly earnings of $1.23 per share in its upcoming report, which represents a year-over-year change of +83.6%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Wells Fargo belongs to the Zacks Banks - Major Regional industry. Citigroup's consensus EPS estimate for the upcoming report has changed -3.3% over the past month to $1.16. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Wells Fargo belongs to the Zacks Banks - Major Regional industry. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report To read this article on Zacks.com click here.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Wells Fargo belongs to the Zacks Banks - Major Regional industry. Citigroup's consensus EPS estimate for the upcoming report has changed -3.3% over the past month to $1.16. Compared to the company's year-ago EPS, this represents a change of +5.5%.
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2023-12-12 00:00:00 UTC
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VirTra, Inc. (VTSI) is on the Move, Here's Why the Trend Could be Sustainable
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DCOMP
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https://www.nasdaq.com/articles/virtra-inc.-vtsi-is-on-the-move-heres-why-the-trend-could-be-sustainable
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When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and VirTra, Inc. (VTSI) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. VTSI is quite a good fit in this regard, gaining 34.4% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 24.9% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, VTSI is currently trading at 86.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
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 Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in VTSI may not reverse anytime soon.
In addition to VTSI, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VirTra, Inc. (VTSI) : 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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Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock.
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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 Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report VirTra, Inc. (VTSI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. 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 Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).
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So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. So, the price trend in VTSI may not reverse anytime soon.
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712533.0
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2023-12-12 00:00:00 UTC
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This Key Metric Is Down 100% at American Eagle Outfitters, and Investors Should Be Thrilled
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DCOMP
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https://www.nasdaq.com/articles/this-key-metric-is-down-100-at-american-eagle-outfitters-and-investors-should-be-thrilled
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American Eagle Outfitters (NYSE: AEO) is a retail staple in the teen basics space. That said, teens are notoriously fickle customers, which complicates things. But American Eagle has just achieved something that should make the retailer's life much easier over the near term -- and it couldn't have happened at a better time. Here's what you need to know.
The backdrop is shifting in retail
When Dollar Tree reported third-quarter earnings, CFO Jeff Davis noted that a lot of the growth "is actually coming from that higher income customer" with incomes of $125,000 or more. Similarly, Burlington recently reported it was seeing increased demand from "trade-down" customers and was leaning into more higher-priced items, which were selling relatively well.
Image source: Getty Images.
There are more such examples within the lower-cost space of the retail sector. The clear implication is that people are feeling pressure financially and looking for ways to cut back. Seeking out bargains is one sure-fire way to do that.
That's potentially bad news for retailers that normally sell full price goods, such as Capri Holdings, parent of Versace, Jimmy Choo, and Michael Kors). So the retail landscape looks increasingly troublesome for retailers like American Eagle Outfitters.
Making an important improvement
This is why it is so notable that American Eagle has just reduced a key metric by 100%. The metric in question is leverage. You can measure this in any number of ways, but debt to equity is a common one. The figure is now zero, which is back to where it was before the coronavirus pandemic.
AEO Debt to Equity Ratio data by YCharts
That's actually an interesting comparison point, because the pandemic was a very difficult period for retailers that were deemed non-essential. Such retailers were effectively shut down by governments for a long stretch of time.
American Eagle was able to lean on its balance sheet through that stretch to keep its business going. Although people "just" pulling back during a weak economic period isn't likely to be nearly as traumatic as the effect of the pandemic shutdowns, it looks like it will be harder for companies like American Eagle to operate as people look for ways to stretch their dollars.
With no long-term debt on the company's balance sheet, however, the company is ready to take on this challenge. Debt reduces financial flexibility. Having no debt essentially means that American Eagle has more wiggle room to adjust in the face of adversity.
Interestingly, the company's Aerie brand continues to perform well, with sales up 12% year over year. Even in difficult times, hot brands can see success. But American Eagle's namesake store brand also saw sales increase 2%, which was a shift from the recent past when it was suffering declines. So not only is American Eagle entering a potentially difficult period in very strong financial shape, it also appears to be in strong operational shape as well.
A safe harbor in a storm?
To be fair, American Eagle Outfitters' stock is up notably over the past year, rising roughly 30% across that span. So Wall Street appears to have recognized the company's strengthening industry position. Still, current shareholders should be thrilled with the improvement on the balance sheet. And for investors looking at retail stocks today, American Eagle could hold up better than more leveraged peers if consumers continue to pull back.
That is a fact worth considering as you review your options in the sector. It could be the fact that tilts you toward one stock and away from another.
Should you invest $1,000 in American Eagle Outfitters right now?
Before you buy stock in American Eagle Outfitters, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and American Eagle Outfitters wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends American Eagle Outfitters. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's potentially bad news for retailers that normally sell full price goods, such as Capri Holdings, parent of Versace, Jimmy Choo, and Michael Kors). AEO Debt to Equity Ratio data by YCharts That's actually an interesting comparison point, because the pandemic was a very difficult period for retailers that were deemed non-essential. And for investors looking at retail stocks today, American Eagle could hold up better than more leveraged peers if consumers continue to pull back.
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So not only is American Eagle entering a potentially difficult period in very strong financial shape, it also appears to be in strong operational shape as well. To be fair, American Eagle Outfitters' stock is up notably over the past year, rising roughly 30% across that span. Before you buy stock in American Eagle Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and American Eagle Outfitters wasn't one of them.
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Although people "just" pulling back during a weak economic period isn't likely to be nearly as traumatic as the effect of the pandemic shutdowns, it looks like it will be harder for companies like American Eagle to operate as people look for ways to stretch their dollars. And for investors looking at retail stocks today, American Eagle could hold up better than more leveraged peers if consumers continue to pull back. Before you buy stock in American Eagle Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and American Eagle Outfitters wasn't one of them.
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American Eagle Outfitters (NYSE: AEO) is a retail staple in the teen basics space. Although people "just" pulling back during a weak economic period isn't likely to be nearly as traumatic as the effect of the pandemic shutdowns, it looks like it will be harder for companies like American Eagle to operate as people look for ways to stretch their dollars. Before you buy stock in American Eagle Outfitters, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and American Eagle Outfitters wasn't one of them.
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2569db5a-706b-4831-ad39-d5624297a805
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712534.0
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2023-12-12 00:00:00 UTC
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Macy's (M) Robust Omnichannel Moves Appear Encouraging
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DCOMP
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https://www.nasdaq.com/articles/macys-m-robust-omnichannel-moves-appear-encouraging
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Macy's, Inc. M has been making smart moves to enhance customers’ shopping experience. The company is ramping up digital capabilities to provide seamless omnichannel experiences. It has also been progressing well on its Polaris strategy, which includes boosting digital capabilities and attaining operating efficiency.
Over the past three months, the department store chain’s shares have surged 76.2%, outperforming the industry’s 36.2% growth.
Let’s Delve Deeper
Management is on track to strengthen its omnichannel capabilities with investments in online shopping experiences, data and analytics, technology infrastructure as well as better fulfillment capabilities. Macy’s expanded its omnichannel offerings such as curbside, store pickup and same-day delivery bode well. The launch of Macy’s Marketplace encompassed products in a wider range of categories, such as pets, home, kids, baby and maternity, beauty, health, toys and electronics.
Image Source: Zacks Investment Research
Digital sales are likely to account for one-third of net sales in fiscal 2023. The company is progressing well with reimagining its private brands. Impressively, NDSN concluded the third quarter of fiscal 2023 with 1,500 brands on the platform and grew its gross merchandise value by about 22% on a consecutive quarterly basis.
The company is repositioning its physical store footprint to better serve customers and support omnichannel market sales growth. It is ramping up its small-format store initiative, with openings across Macy's and Bloomie's locations. Presently, it operates 15 small-format locations, including 12 Macy's and three Bloomie's. These stores, about one-fifth the size of its larger counterparts, are designed to provide customers with a premium shopping experience in high-traffic areas. Shoppers can expect to find a mix of Macy's private brands and popular market brands in these smaller outlets. Moving ahead, it plans to open up to 30 additional small-format Macy's locations through fall 2025, alongside expanding Bloomie's locations.
Additionally, Macy’s collaboration with the Swedish buy now, pay later group Klarna is enabling the company to offer shoppers financial ease and payment flexibility with their online purchases. The company’s tie-up with DoorDash for expedited delivery service is also encouraging. Markedly, the redesigned mobile app, live shopping functionality and addition of payment options such as Apple Pay, Klarna Express Checkout, PayPal and Venmo have been making shopping easier for customers.
Macy's Polaris Strategy to adapt better to the evolving retail ecosystem also bodes well. This includes strengthening customer relationships, expanding assortments, accelerating digital growth, optimizing store portfolio and reducing costs. Moreover, the company’s expanded Star Rewards Loyalty program has been enhancing customer engagement. This was evident in the third quarter of fiscal 2023. Star Rewards program members made up roughly 72% of the overall Macy's brand-owned-plus-licensed sales on a trailing twelve-month basis. On a trailing 12-month basis, 41.3 million active customers shopped the Macy’s brand. We note that 4 million active customers shopped the Bloomingdale’s brand on a trailing 12-month basis. Comparable sales at the Bluemercury brand were up 2.5% on an owned basis. About 683,000 active customers shopped the Bluemercury brand on a trailing 12-month basis.
What Else?
In recent developments, this omnichannel retailer received a buyout proposal from real estate investor Arkhouse Management and asset manager Brigade Capital Management, per the media reports. This deal is valued at $5.8 billion, according to the media sources. Sources say that the offer, which was submitted on Dec 1, 2023, values the company’s shares at $21 a share. We note that the offer price reflects a 32.4% premium to M's closing price of $15.86 per share on Nov 30. However, Macy’s has declined to comment.
According to sources, the group offering the proposal holds a huge stake in Macy's via Arkhouse-managed funds and has also discussed with the company, whose board has been mulling the offer.
Nonetheless, this Zacks Rank #3 (Hold) company seems to be a decent investment pick now. A VGM Score of B further adds to the strength.
Key Picks
We have highlighted three better-ranked stocks, namely Abercrombie & Fitch ANF, Gap GPS and American Eagle Outfitters AEO.
Abercrombie & Fitch, a leading casual apparel retailer, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago reported figure. ANF delivered an earnings surprise of 713% in the last reported quarter.
Gap, a fashion retailer of apparel and accessories, currently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 137.9%, on average.
The Zacks Consensus Estimate for Gap’s current financial-year earnings per share (EPS) suggests growth of 387.5%, from the year-ago reported figure.
American Eagle Outfitters, a retailer of casual apparel, accessories and footwear, currently has a Zacks Rank #2 (Buy). AEO delivered an earnings surprise of 23% in each of the trailing four quarters.
The Zacks Consensus Estimate for American Eagle Outfitters’ current financial-year sales and EPS suggests growth of 4% and 39.2%, respectively, from the year-ago reported figures.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Macy's, Inc. (M) : 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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The launch of Macy’s Marketplace encompassed products in a wider range of categories, such as pets, home, kids, baby and maternity, beauty, health, toys and electronics. Additionally, Macy’s collaboration with the Swedish buy now, pay later group Klarna is enabling the company to offer shoppers financial ease and payment flexibility with their online purchases. Key Picks We have highlighted three better-ranked stocks, namely Abercrombie & Fitch ANF, Gap GPS and American Eagle Outfitters AEO.
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The Zacks Consensus Estimate for Gap’s current financial-year earnings per share (EPS) suggests growth of 387.5%, from the year-ago reported figure. The Zacks Consensus Estimate for American Eagle Outfitters’ current financial-year sales and EPS suggests growth of 4% and 39.2%, respectively, from the year-ago reported figures. Click to get this free report Macy's, Inc. (M) : 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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On a trailing 12-month basis, 41.3 million active customers shopped the Macy’s brand. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Click to get this free report Macy's, Inc. (M) : 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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On a trailing 12-month basis, 41.3 million active customers shopped the Macy’s brand. About 683,000 active customers shopped the Bluemercury brand on a trailing 12-month basis. Sources say that the offer, which was submitted on Dec 1, 2023, values the company’s shares at $21 a share.
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aacb6fac-475e-4438-82b8-7a73e01d7abb
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712535.0
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2023-12-12 00:00:00 UTC
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Company News for Dec 15, 2023
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DCOMP
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https://www.nasdaq.com/articles/company-news-for-dec-15-2023
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nan
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nan
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Nordson Corp.’s (NDSN) shares surged 3.9% after the company posted fourth-quarter fiscal 2023 adjusted earnings per share of $2.46, outpacing the Zacks Consensus Estimate of $2.40.
Shares of Mueller Water Products Inc. (MWA) climbed 5% after posting fourth-quarter fiscal 2023 adjusted earnings per share of $0.19, surpassing the Zacks Consensus Estimate of $0.11.
Jabil Inc.’s (JBL) shares jumped 13.1% after the company reported first-quarter fiscal 2024 adjusted earnings per share of $2.60, beating the Zacks Consensus Estimate of $2.54.
Shares of Intel Corp. (INTC) rose 1.4% after the company unveiled new computer chip called Gaudi3 for generative AI software.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Jabil, Inc. (JBL) : Free Stock Analysis Report
Nordson Corporation (NDSN) : Free Stock Analysis Report
MUELLER WATER PRODUCTS (MWA) : 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 Intel Corp. (INTC) rose 1.4% after the company unveiled new computer chip called Gaudi3 for generative AI software. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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Nordson Corp.’s (NDSN) shares surged 3.9% after the company posted fourth-quarter fiscal 2023 adjusted earnings per share of $2.46, outpacing the Zacks Consensus Estimate of $2.40. Shares of Mueller Water Products Inc. (MWA) climbed 5% after posting fourth-quarter fiscal 2023 adjusted earnings per share of $0.19, surpassing the Zacks Consensus Estimate of $0.11. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report MUELLER WATER PRODUCTS (MWA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Nordson Corp.’s (NDSN) shares surged 3.9% after the company posted fourth-quarter fiscal 2023 adjusted earnings per share of $2.46, outpacing the Zacks Consensus Estimate of $2.40. Jabil Inc.’s (JBL) shares jumped 13.1% after the company reported first-quarter fiscal 2024 adjusted earnings per share of $2.60, beating the Zacks Consensus Estimate of $2.54. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report MUELLER WATER PRODUCTS (MWA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of Mueller Water Products Inc. (MWA) climbed 5% after posting fourth-quarter fiscal 2023 adjusted earnings per share of $0.19, surpassing the Zacks Consensus Estimate of $0.11. Jabil Inc.’s (JBL) shares jumped 13.1% after the company reported first-quarter fiscal 2024 adjusted earnings per share of $2.60, beating the Zacks Consensus Estimate of $2.54. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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c3620326-6b70-4ea2-af8e-9ade4639fb77
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712536.0
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2023-12-12 00:00:00 UTC
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The Zacks Analyst Blog Highlights Prologis, Alexandria Real Estate Equities, The Macerich and Innovative Industrial Properties
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DCOMP
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-prologis-alexandria-real-estate-equities-the-macerich
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nan
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nan
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For Immediate Release
Chicago, IL – December 15, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Prologis PLD, Alexandria Real Estate Equities Inc. ARE, The Macerich Co. MAC and Innovative Industrial Properties, Inc. IIPR.
Here are highlights from Thursday’s Analyst Blog:
REITs Rejoice as Fed Indicates 3 Rate Cuts in 2024
After having a lot to worry about rate hikes in the past several months, real estate investment trust (REIT) investors now have enough reasons to rejoice. The Fed officials have held the benchmark rate steady, a move that was widely anticipated. But what was more encouraging was the signal from the Fed that it is done with rate hikes this time around and forecasting three rate cuts for next year. The dot plot further indicates another four rate cuts in 2025, lowering the rate by a full percentage point.
These rate-cut projections bring REITs to the forefront. The FTSE NAREIT U.S. Real Estate Index for all equity REITs gained 3.71% yesterday. There were increases across all asset types, with office, industrial and retail categories registering decent gains.
Notably, almost all REIT stocks, big or small and from different asset categories, including Prologis, Alexandria Real Estate Equities Inc., The Macerich Co. and Innovative Industrial Properties, Inc., moved higher.
REITs' dependence on debt for business keeps investors optimistic about their performances in a rate-cut environment as the companies benefit from lower borrowing costs. Moreover, low interest rates contribute to higher valuations. Also, their dividend yield grabs investors' attention more than yields on fixed-income and money market accounts in times like these.
Specifically, the Fed officials' median projections for the federal funds rate by the end of December 2024 is 4.6%, down from the 5.1% stated earlier, suggesting the comfort of the Fed officials with the easing of the inflation rate and the economy holding on well. With a full percentage point decline expected in 2025 and another spate of reductions in 2026, the median projection for the federal funds rate by the end of December 2026 is pegged at 2.9%, which is close to the long-run outlook.
The revised outlook also indicates reduced inflation for the current and upcoming years, with the Fed's preferred price index increasing 2.4% in 2024, excluding food and energy.
Moreover, the projections for the U.S. GDP growth rate have been upgraded to 2.6% from the 2.1% stated in September. While the GDP is expected to grow 1.4% in 2024, close to the 1.5% mentioned earlier, the projections for unemployment have been unchanged.
There are pockets of strength amid this scenario, with the REIT industry offering a real-estate structure for several economic activities — real or virtual. Investors should keep a close watch on the REIT stocks to grab solid opportunities in this special hybrid asset class.
Presently, Innovative Industrial Properties carries a Zacks Rank #2 (Buy), while Prologis, Alexandria Real Estate and Macerich carry a Zacks Rank of 3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Why Haven't You Looked at Zacks' Top Stocks?
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See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Prologis, Inc. (PLD) : Free Stock Analysis Report
Macerich Company (The) (MAC) : Free Stock Analysis Report
Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report
Innovative Industrial Properties, Inc. (IIPR) : 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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Stocks recently featured in the blog include: Prologis PLD, Alexandria Real Estate Equities Inc. ARE, The Macerich Co. MAC and Innovative Industrial Properties, Inc. IIPR. Notably, almost all REIT stocks, big or small and from different asset categories, including Prologis, Alexandria Real Estate Equities Inc., The Macerich Co. and Innovative Industrial Properties, Inc., moved higher. With a full percentage point decline expected in 2025 and another spate of reductions in 2026, the median projection for the federal funds rate by the end of December 2026 is pegged at 2.9%, which is close to the long-run outlook.
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Stocks recently featured in the blog include: Prologis PLD, Alexandria Real Estate Equities Inc. ARE, The Macerich Co. MAC and Innovative Industrial Properties, Inc. IIPR. Notably, almost all REIT stocks, big or small and from different asset categories, including Prologis, Alexandria Real Estate Equities Inc., The Macerich Co. and Innovative Industrial Properties, Inc., moved higher. Click to get this free report Prologis, Inc. (PLD) : Free Stock Analysis Report Macerich Company (The) (MAC) : Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report Innovative Industrial Properties, Inc. (IIPR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Thursday’s Analyst Blog: REITs Rejoice as Fed Indicates 3 Rate Cuts in 2024 After having a lot to worry about rate hikes in the past several months, real estate investment trust (REIT) investors now have enough reasons to rejoice. Specifically, the Fed officials' median projections for the federal funds rate by the end of December 2024 is 4.6%, down from the 5.1% stated earlier, suggesting the comfort of the Fed officials with the easing of the inflation rate and the economy holding on well. Click to get this free report Prologis, Inc. (PLD) : Free Stock Analysis Report Macerich Company (The) (MAC) : Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report Innovative Industrial Properties, Inc. (IIPR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Notably, almost all REIT stocks, big or small and from different asset categories, including Prologis, Alexandria Real Estate Equities Inc., The Macerich Co. and Innovative Industrial Properties, Inc., moved higher. Specifically, the Fed officials' median projections for the federal funds rate by the end of December 2024 is 4.6%, down from the 5.1% stated earlier, suggesting the comfort of the Fed officials with the easing of the inflation rate and the economy holding on well. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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b75571de-03c6-4cae-9782-5979ec0328be
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712537.0
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2023-12-12 00:00:00 UTC
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Reasons to Retain Zebra Technologies (ZBRA) in Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/reasons-to-retain-zebra-technologies-zbra-in-your-portfolio
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nan
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nan
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Zebra Technologies Corporation ZBRA is gaining from growth across data capture solutions, services, software and radio frequency identification (RFID) despite low demand across end markets, lower sales of printing products and forex woes.
Let us discuss the reasons why investors should retain the stock for the time being.
Growth Catalysts
Business Strength: Targeted list price increases and higher sales of RFID products within the Asset Intelligence and Tracking segment are aiding ZBRA’s growth. Higher sales of services and software, and contributions from recent acquisitions bode well for the Enterprise Visibility & Mobility segment. Also, improved supply chains and reduced product lead times are supporting Zebra Technologies.
Cost-Reduction Actions: ZBRA has announced expanded cost-reduction actions, including an incremental $65 million of annualized expense reductions, as it grapples with a slowdown in end markets and demand softness. Along with the previous cost-reduction actions taken over the past year, the company expects to generate approximately $100 million in cost savings annually.
Accretive Acquisition: The company’s expansion initiative is expected to drive growth. Zebra Technologies’ acquisition of Matrox Imaging (June 2022) enabled it to combine its fixed industrial scanning and machine vision portfolio with the latter’s expertise in the imaging market. Zebra Technologies expects approximately a 50-basis point contribution from acquisitions in 2023.
Rewards to Shareholders: The company continues to increase shareholders’ value through share repurchases. In the first nine months of 2023, the company repurchased shares worth $52 million. While free cash flow was negative in the first half of 2023, the company expects the same to be positive in the second half. This should support the company’s shareholder-friendly policies.
In light of the above-mentioned positives, we believe, investors should retain ZBRA stock for now, as suggested by its current Zacks Rank #3 (Hold).
Zebra Technologies Corporation Price and Consensus
Zebra Technologies Corporation price-consensus-chart | Zebra Technologies Corporation Quote
Stocks to Consider
Some better-ranked companies from the Industrial Products sector are discussed below:
Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
FLS delivered a trailing four-quarter average earnings surprise of 27.3%. In the past 60 days, the Zacks Consensus Estimate for Flowserve’s 2023 earnings has increased 3.1%. The stock has risen 38.4% in the past year.
Applied Industrial Technologies, Inc. AIT presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 13.9%.
The consensus estimate for AIT’s fiscal 2024 earnings has increased 3.3% in the past 60 days. Shares of Applied Industrial have jumped 40.9% 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 4.4%. The stock has risen 43.8% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Flowserve Corporation (FLS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Zebra Technologies Corporation (ZBRA) : 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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Zebra Technologies Corporation ZBRA is gaining from growth across data capture solutions, services, software and radio frequency identification (RFID) despite low demand across end markets, lower sales of printing products and forex woes. Higher sales of services and software, and contributions from recent acquisitions bode well for the Enterprise Visibility & Mobility segment. Along with the previous cost-reduction actions taken over the past year, the company expects to generate approximately $100 million in cost savings annually.
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Zebra Technologies Corporation Price and Consensus Zebra Technologies Corporation price-consensus-chart | Zebra Technologies Corporation Quote Stocks to Consider Some better-ranked companies from the Industrial Products sector are discussed below: Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zebra Technologies Corporation Price and Consensus Zebra Technologies Corporation price-consensus-chart | Zebra Technologies Corporation Quote Stocks to Consider Some better-ranked companies from the Industrial Products sector are discussed below: This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zebra Technologies expects approximately a 50-basis point contribution from acquisitions in 2023. Zebra Technologies Corporation Price and Consensus Zebra Technologies Corporation price-consensus-chart | Zebra Technologies Corporation Quote Stocks to Consider Some better-ranked companies from the Industrial Products sector are discussed below: Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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005bad95-9e6f-4bfb-90a6-59e5c94ba579
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712538.0
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2023-12-12 00:00:00 UTC
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Inotiv, Inc. (NOTV) Shows Fast-paced Momentum But Is Still a Bargain Stock
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DCOMP
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https://www.nasdaq.com/articles/inotiv-inc.-notv-shows-fast-paced-momentum-but-is-still-a-bargain-stock
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nan
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nan
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Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Inotiv, Inc. (NOTV) is one of them. Here are the key reasons why this stock is a great candidate.
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 45.5% over the past four weeks positions the stock of this company well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. NOTV meets this criterion too, as the stock gained 3% over the past 12 weeks.
Moreover, the momentum for NOTV is fast paced, as the stock currently has a beta of 2.64. This indicates that the stock moves 164% higher than the market in either direction.
Given this price performance, it is no surprise that NOTV has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped NOTV earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, NOTV is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. NOTV is currently trading at 0.14 times its sales. In other words, investors need to pay only 14 cents for each dollar of sales.
So, NOTV appears to have plenty of room to run, and that too at a fast pace.
In addition to NOTV, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Inotiv, Inc. (NOTV) : 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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Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, NOTV is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped NOTV earn a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, NOTV is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that NOTV has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, NOTV is trading at a reasonable valuation.
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A price change of 45.5% over the past four weeks positions the stock of this company well in this regard. Given this price performance, it is no surprise that NOTV has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to NOTV, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen.
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4a9f9e79-5181-4102-8207-e6d7638987de
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712539.0
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2023-12-12 00:00:00 UTC
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What Makes First Bank (FRBA) a Good Fit for 'Trend Investing'
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DCOMP
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https://www.nasdaq.com/articles/what-makes-first-bank-frba-a-good-fit-for-trend-investing
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nan
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nan
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Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
First Bank (FRBA) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. FRBA is quite a good fit in this regard, gaining 28.9% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 15.3% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, FRBA is currently trading at 90.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
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 Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in FRBA may not reverse anytime soon.
In addition to FRBA, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Bank (FRBA) : 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 predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The 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 Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report First Bank (FRBA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. 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 Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).
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So, the price trend in FRBA may not reverse anytime soon. In addition to FRBA, there are several other stocks that currently pass through our "Recent Price Strength" screen. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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92ec8267-5bef-46e3-b8bc-68e7054b18ec
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712540.0
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2023-12-12 00:00:00 UTC
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Here's Why Momentum in Silence Therapeutics PLC Sponsored ADR (SLN) Should Keep going
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DCOMP
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https://www.nasdaq.com/articles/heres-why-momentum-in-silence-therapeutics-plc-sponsored-adr-sln-should-keep-going
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nan
|
nan
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Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Silence Therapeutics PLC Sponsored ADR (SLN) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. SLN is quite a good fit in this regard, gaining 51.2% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 69% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, SLN is currently trading at 92.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
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 Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in SLN may not reverse anytime soon.
In addition to SLN, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Silence Therapeutics PLC Sponsored ADR (SLN) : 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.
|
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a 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 see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Silence Therapeutics PLC Sponsored ADR (SLN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. 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 Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).
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A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. In addition to SLN, there are several other stocks that currently pass through our "Recent Price Strength" screen.
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a88c9f78-a05e-45c0-8a75-81b266db056c
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712541.0
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2023-12-12 00:00:00 UTC
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Strength Seen in Bank of America (BAC): Can Its 5.9% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-bank-of-america-bac%3A-can-its-5.9-jump-turn-into-more-strength
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nan
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nan
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Bank of America (BAC) shares soared 5.9% in the last trading session to close at $33.94. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.2% gain over the past four weeks.
Shares of Bank of America rallied for the second consecutive day. The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated three interest rate cuts by 2024-end.
These developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This will support net interest income and margin growth. Hence, the BAC stock moved higher.
This nation's second-largest bank is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of -16.5%. Revenues are expected to be $24.11 billion, down 1.7% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Bank of America, the consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on BAC going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Bank of America is part of the Zacks Banks - Major Regional industry. Northern Trust Corporation (NTRS), another stock in the same industry, closed the last trading session 3.7% higher at $85.93. NTRS has returned 10.6% in the past month.
For Northern Trust Corporation, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.24. This represents a change of -24.9% from what the company reported a year ago. Northern Trust Corporation currently has a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Northern Trust Corporation (NTRS) : 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 developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year. This nation's second-largest bank is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of -16.5%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Northern Trust Corporation (NTRS), another stock in the same industry, closed the last trading session 3.7% higher at $85.93. For Northern Trust Corporation, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.24. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Northern Trust Corporation (NTRS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Bank of America is part of the Zacks Banks - Major Regional industry. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Northern Trust Corporation (NTRS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The central bank also indicated three interest rate cuts by 2024-end. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Bank of America is part of the Zacks Banks - Major Regional industry. For Northern Trust Corporation, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.24.
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c03b8b46-80dd-411c-a30d-6d9f1c6ed9d4
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712542.0
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2023-12-12 00:00:00 UTC
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McGrath (MGRC) is on the Move, Here's Why the Trend Could be Sustainable
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DCOMP
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https://www.nasdaq.com/articles/mcgrath-mgrc-is-on-the-move-heres-why-the-trend-could-be-sustainable-0
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nan
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nan
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When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and McGrath (MGRC) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. MGRC is quite a good fit in this regard, gaining 14.5% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 13.1% over the past four weeks ensures that the trend is still in place for the stock of this business-to-business rental company.
Moreover, MGRC is currently trading at 96.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
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 Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in MGRC may not reverse anytime soon.
In addition to MGRC, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
McGrath RentCorp (MGRC) : 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.
|
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a 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 see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report McGrath RentCorp (MGRC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. 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 Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).
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So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. So, the price trend in MGRC may not reverse anytime soon.
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00518f28-3241-48bf-a528-ab2af49e2664
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712543.0
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2023-12-12 00:00:00 UTC
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Mighty Minis: 7 Small-Cap Stocks That Punch Above Their Weight
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https://www.nasdaq.com/articles/mighty-minis%3A-7-small-cap-stocks-that-punch-above-their-weight
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While your typical financial advisor will likely direct you to focus on established blue chips to boost your holdings, few other compelling options exist other than powerful small-cap stocks. To be 100% clear, entities that offer significant upside reward potential usually carry significant risks. You want to be careful about diving into this space.
That said, small-cap market leaders provide many advantages. Sure, they may lack the capitalization of their blue-chip peers. However, it doesn’t take much for these securities to start moving robustly higher. On the flipside, with stocks tethered to mature, established businesses, you must put in a lot of money to see solid nominal gains.
However, just because a company ranks among the heavyweights does not mean they’re immune to downside. Quite the contrary, institutional investors can rush out of these names during a sector-wide correction.
Of course, as stated earlier, smaller enterprises tend to be riskier due to their less-predictable nature. But if you’re patient and seeking greater wealth acceleration, these powerful small-cap stocks might fit the bill.
UTZ Brands (UTZ)
Source: Shutterstock
What it is: As a producer and distributor of snacks, UTZ Brands (NYSE:UTZ) might not seem like the most exciting candidate for powerful small-cap stocks to buy. However, with economic conditions starting to fade (as evidenced by declining demand for luxury discretionary items), more people may look to the grocery aisle for “culinary” therapy.
Relevance: At the moment, UTZ Brands features a market cap of a bit over $2 billion, which is right on the cusp of breaking into mid-cap territory. Also, it’s almost down double digits since the beginning of the year, which might give investors pause. Still, the global snacks market size comes in at $1.48 trillion (as of last year). Further, the sector should expand at a compound annual growth rate (CAGR) of 2.8%.
Pros: Basically, UTZ doesn’t need to dominate the snacks market; just a solid nibble, and UTZ can start marching higher. Per analysts, UTZ is a consensus moderate buy with an average price target of $15.56. That should get the ball rolling.
Cons: To be sure, the competition is stiff so that’s something to watch out for. Also, it’s pricey, with shares trading at 66.2x trailing-year earnings.
Archer Aviation (ACHR)
Source: T. Schneider / Shutterstock.com
What it is: One of the top manufacturers in the burgeoning industry of electric vertical takeoff and landing (eVTOL) aircraft, Archer Aviation (NYSE:ACHR) aims to revolutionize clean mobility. Right now, the company carries a market cap of $1.97 billion and it may soon graduate to mid-cap territory. Since the start of the year, ACHR gained 239%, putting in a blistering performance.
Relevance: Archer is locked in heavy competition with other eVTOL manufacturers. However, it appears to be one of the small-cap market leaders in its field. If it maintains its dominance, ACHR could easily add to its return. According to Aviation Week, experts project that the industry will deliver more than 1,000 eVTOL aircraft by 2030. By 2040, this figure could expand to over 10,000 deliveries.
Pros: Thanks to its key partnerships and focused business directive, Archer commands confidence among Wall Street experts. Analysts peg shares as a consensus strong buy with an $8.13 average price target. Further, various experts predict air mobility services as the next big thing.
Cons: Like anything innovative, you’re largely dealing with a narrative as Archer is a pre-revenue enterprise.
Green Plains (GPRE)
Source: Matt Oaks / Shutterstock
What it is: An enticing idea among powerful small-cap stocks, Green Plains (NASDAQ:GPRE) ties into the clean energy industry. Specifically, its public profile states that Green Plains represents the third-largest ethanol fuel producer in North America. Presently, the company carries a market cap of $1.56 billion. However, GPRE is attempting to break out of a downcycle.
Relevance: With the broader political and ideological machinery pushing for clean or alternative energy solutions, GPRE may be one of the compelling small-cap market leaders. According to Precedence Research, the global ethanol market reached a valuation of just over $99 billion in 2022. By 2032, the sector could hit a value of $162.12 billion. If so, that would represent a CAGR of 5.1% from 2023.
Pros: Right now, analysts rate GPRE as a consensus strong buy with a $39.71 average price target. Also, the company only needs to grab modest market share for GPRE to possibly shoot higher.
Cons: Frankly, as with many other small-cap stocks, investors will have to plug their nose regarding the financials. Investment data aggregator Gurufocus posts several warnings about Green Plains.
Talos Energy (TALO)
Source: PopTika / Shutterstock
What it is: An oil and gas company, Talos Energy (NYSE:TALO) engages in the exploration, development and production of oil and natural gas properties (called upstream), which are located in the Gulf Coast and the Gulf of Mexico. As alluded to earlier, the shift toward alternative energy sources might appear to make hydrocarbons anachronistic. However, few resources command as much energy density as fossil fuels.
Relevance: As much as electric vehicles may be the future of mobility and transportation, most people depend on combustion-powered vehicles. Depending on economic conditions as well as the security of EV-related supply chains, adoption could be a huge problem. Realistically, hydrocarbons should have a longer-than-expected lease on life. Thus, TALO is worth consideration for powerful small-cap stocks.
Pros: While Wall Street may be talking a good game about EVs and green energy, they also appreciate Talos. Presently, shares carry a unanimous strong buy assessment. Further, the average price target lands at $21.33, implying significant upside potential from here.
Cons: One look at TALO’s chart and you can see how volatile it is. Also, it’s a bit pricey, trading at 13.17x trailing earnings (compared to the sector median of 9.26x).
Compass Minerals (CMP)
Source: Shutterstock
What it is: An interesting idea for powerful small-cap stocks (but only if you’re the speculative type), Compass Minerals (NYSE:CMP) is a leading producer of essential minerals. Per its public profile, these minerals include salt, magnesium chloride, and sulfate of potash. While it’s not the most exciting business, Compass empowers multiple industries.
Relevance: While it’s a matter that’s often taken for granted, essential minerals are vital for infrastructure. For instance, just the global industrial salt market will reach a valuation of $14.7 billion by the end of 2023. Further, experts project that this segment will expand at a CAGR of 4% from 2023 to 2033. That translates to a projected market value of $21.8 billion.
Pros: As with other small-cap market leaders, Compass only needs to grab a reasonable share to likely see CMP shoot up. Also, analysts like the business, rating shares a moderate buy with a $40.40 average price target.
Cons: Unfortunately, CMP is extremely volatile as you can see from its chart. Plus, broader economic headwinds and even uncontrollable factors such as unusual weather patterns could negatively affect the business.
OmniAb (OABI)
Source: ra2 studio/Shutterstock
What it is: Headquartered in Emeryville, California, OmniAb (NASDAQ:OABI) provides its pharmaceutical industry partners access to the most diverse antibody portfolio. As well, it offers cutting-edge screening technologies to enable the discovery of next-generation therapeutics. With the biotechnology field rapidly expanding and delivering groundbreaking solutions, OABI could be one of the most powerful small-cap stocks.
Relevance: One of the main benefits of OABI is the pertinence of the underlying industry. No matter what the economic conditions, society will invest in finding effective solutions to various diseases and conditions. Further, Precedence Research states that the global research antibodies market size reached a valuation of $4 billion last year. It’s also projected to hit a value of $6.54 billion by 2032.
Pros: Again, the speculative argument calls for OmniAb to grab a bite out of its core market. Analysts are in unanimous agreement that the company can accomplish this, pegging OABI a strong buy with a $9.29 target.
Cons: Like other small-cap stocks in the biotech-related field, volatility is a concern. Also, revenue growth has been slipping recently, warranting a closer examination.
Planet Labs (PL)
Source: Shutterstock
What it is: One of the more intriguing (and arguably realistic) players within the burgeoning space economy, Planet Labs (NYSE:PL) operates a constellation of nanosatellites to collect and analyze Earth observation data. Further, various publications have used the company’s services to investigate global developments. Thus, it offers practical utility, not just theoretical musings.
Relevance: Fundamentally, all eyes are centered on the space economy. According to McKinsey & Company, this sector has recently jumped in valuation to $447 billion. That’s up from $280 billion in 2010. Even better, experts project that the industry could hit $1 trillion by 2030. As mentioned above, Planet Labs has the advantage of owning a portfolio of actual uses, making it one of the most powerful small-cap stocks.
Pros: Analysts believe in the bullish narrative for PL, rating the stock a consensus strong buy. Also, the average price target clocks in at $4.92, implying a triple-digit percentage return.
Cons: As much as we would love to believe that space is the final frontier, the market isn’t showing it right now. In the past 52 weeks, PL lost about 53% of equity value.
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 Mighty Minis: 7 Small-Cap Stocks That Punch Above Their Weight 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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However, with economic conditions starting to fade (as evidenced by declining demand for luxury discretionary items), more people may look to the grocery aisle for “culinary” therapy. Relevance: With the broader political and ideological machinery pushing for clean or alternative energy solutions, GPRE may be one of the compelling small-cap market leaders. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Mighty Minis: 7 Small-Cap Stocks That Punch Above Their Weight appeared first on InvestorPlace.
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Archer Aviation (ACHR) Source: T. Schneider / Shutterstock.com What it is: One of the top manufacturers in the burgeoning industry of electric vertical takeoff and landing (eVTOL) aircraft, Archer Aviation (NYSE:ACHR) aims to revolutionize clean mobility. Green Plains (GPRE) Source: Matt Oaks / Shutterstock What it is: An enticing idea among powerful small-cap stocks, Green Plains (NASDAQ:GPRE) ties into the clean energy industry. Further, Precedence Research states that the global research antibodies market size reached a valuation of $4 billion last year.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips While your typical financial advisor will likely direct you to focus on established blue chips to boost your holdings, few other compelling options exist other than powerful small-cap stocks. UTZ Brands (UTZ) Source: Shutterstock What it is: As a producer and distributor of snacks, UTZ Brands (NYSE:UTZ) might not seem like the most exciting candidate for powerful small-cap stocks to buy. Green Plains (GPRE) Source: Matt Oaks / Shutterstock What it is: An enticing idea among powerful small-cap stocks, Green Plains (NASDAQ:GPRE) ties into the clean energy industry.
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Thus, TALO is worth consideration for powerful small-cap stocks. Cons: One look at TALO’s chart and you can see how volatile it is. Also, analysts like the business, rating shares a moderate buy with a $40.40 average price target.
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2023-12-12 00:00:00 UTC
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The Zacks Analyst Blog Highlights Salesforce, Intel, Microsoft, Apple and Boeing
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-salesforce-intel-microsoft-apple-and-boeing
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For Immediate Release
Chicago, IL – December 15, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Salesforce Inc. CRM, Intel Corp. INTC, Microsoft Corp. MSFT, Apple Inc. AAPL and Boeing BA.
Here are highlights from Thursday’s Analyst Blog:
5 Winning Stocks of 2023 as Dow Jones Sets New Record High
The Dow Jones Industrial Average hit a new record, surpassing 37,000 for the first time after the Fed signaled the possibility of rate cuts next year. The blue-chip index has displayed an astounding rally in the past month, outperforming the other indices. The rally broadened out to other sectors beyond the "Magnificent Seven" stocks.
While most of the stocks in the index have performed remarkably this year, we have highlighted five of them that have been leading the way higher. These include Salesforce Inc., Intel Corp., Microsoft Corp., Apple Inc. and Boeing.
The Fed, as expected, kept interest rates steady at a 22-year high in the FOMC meeting ended Dec 13. In a major shift, the central bank signaled three rate cuts for the next year, with the federal funds rate falling to a range of 4.4-4.9%, down from the current 5.25% to 5.50%. This suggests that the Fed will cut rates by a total of 0.75% next year, indicating that the historic rate-hiking campaign might be ending. It had previously forecast two rate cuts for 2024. Following the meeting, markets are pricing in a nearly 60% chance that the Fed will begin to cut rates at its March meeting, up from 40% the day prior, per the data from the CME Group.
Being cyclical in nature, the blue-chip index outperforms when economic growth improves. Americans are now feeling more confident about the economy than they did over the past few months. This is especially true as consumer sentiment, as indicated by the preliminary reading on the University of Michigan preliminary index, rebounded sharply in early December and broke the streak of four consecutive months of decline.
Cyclical stocks, bank stocks and small-cap stocks have all shown an upward trend, indicating that the market is in a state of expansion, supporting the uptrend in equities.
Best-Performing Stocks
Salesforceis the leading provider of on-demand Customer Relationship Management software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development. The stock has surged 94.1% this year.
Salesforce has an expected earnings growth rate of 16% for the fiscal year (ending January 2025). It has a Zacks Rank #3 (Hold) and a Growth Score of B.
Intel, the world's largest semiconductor company and primary supplier of microprocessors and chipsets, is gradually reducing its dependence on the PC-centric business by moving into data-centric businesses — such as AI and autonomous driving. INTC jumped 68.6% this year.
Intel is expected to see earnings growth of 98.5% for 2024 and has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.
Microsoft is one of the largest broad-based technology providers in the world. The company dominates the PC software market, with more than 73% share of operating systems. MSFT has risen 56.1% this year.
Microsoft is expected to see earnings growth of 13.5% in the fiscal year ending June 2024. It has a Zacks Rank #3 and a solid Growth Score of A.
Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products and HomePod. Shares of AAPL are up more than 52% this year.
Apple's earnings are expected to grow 7% for the fiscal year (ending September 2024). The stock has a Zacks Rank #3 and has a Momentum Score of B.
Boeing has been the premier manufacturer of commercial jetliners for decades. The company's premier jet aircraft along with varied defense products position it as one of the largest defense contractors in the United States. It has a solid estimated earnings growth of 157.6% for 2024.
Boeing has risen 31.7% so far this year. The stock has a Zacks Rank #3 and a Growth Score of A.
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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/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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The Boeing Company (BA) : Free Stock Analysis Report
Intel Corporation (INTC) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Salesforce Inc. (CRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Salesforce Inc. CRM, Intel Corp. INTC, Microsoft Corp. MSFT, Apple Inc. AAPL and Boeing BA. It has a Zacks Rank #3 and a solid Growth Score of A. Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. 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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Stocks recently featured in the blog include: Salesforce Inc. CRM, Intel Corp. INTC, Microsoft Corp. MSFT, Apple Inc. AAPL and Boeing BA. It has a Zacks Rank #3 and a solid Growth Score of A. Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cyclical stocks, bank stocks and small-cap stocks have all shown an upward trend, indicating that the market is in a state of expansion, supporting the uptrend in equities. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Intel is expected to see earnings growth of 98.5% for 2024 and has a Zacks Rank #2 (Buy). The stock has a Zacks Rank #3 and a Growth Score of A. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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2023-12-12 00:00:00 UTC
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Here's Why You Should Buy Neogen (NEOG) Stock Now
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https://www.nasdaq.com/articles/heres-why-you-should-buy-neogen-neog-stock-now
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Neogen Corporation NEOG is well poised to gain in the coming quarters, backed by the focus on product launches to strengthen its business on a global scale. The recent performances of both the Food and Animal Safety segments are encouraging. Yet, the company’s operations are prone to macroeconomic challenges, as well as competitive disadvantages, which raise concerns.
In the past year, this Zacks Rank #2 (Buy) stock has gained 31.1% against the 1.1% fall of the industry and the 22.6% increase of the S&P 500.
The renowned food and animal safety products provider has a market capitalization of $3.70 billion. The company has an estimated earnings growth rate of 32.2% for fiscal 2025 compared with the industry’s 22.2%. In the trailing four quarters, NEOG delivered an average earnings surprise of 126.5%.
Let’s delve deeper.
Factors at Play
Product Launches: Neogen’s spree of product launches continues with the latest Veratox VIP assay for the detection of walnuts, the third assay in the company’s Veratox VIP line of enhanced quantitative ELISA products. In August 2023, Neogen launched Igenity Enhanced Dairy, a new and progressive genomic data management tool.
Image Source: Zacks Investment Research
The same month, Neogen launched an extensive selection of new genetic tests through Paw Print Genetics and Canine HealthCheck solutions. These new tests can identify genetic sequences associated with potential diseases and other traits and can provide invaluable insights into a canine’s genetic composition. Earlier in June 2023, the company launched My CatScan 2.0, a significantly upgraded and improved version of the test from a leader in cat genetic screening.
Food Safety Sales Growth Continues: Revenues from the Food Safety segment in the fiscal first quarter increased 157.2% compared with the prior year, including core growth of 4.5%. Core growth within this segment was led by the Bacterial & General Sanitation product category, which benefited from new microbiological testing businesses in the United States and the United Kingdom and solid growth in the Natural Toxins and Allergens product category.
Animal Safety Business Grows Well: Neogen’s Animal Safety segment is gaining from solid performances of the complete line of consumable products marketed to veterinarians and animal health product distributors. Further, its genomic identification and related interpretive bioinformatics services are also showing strong prospects.
The Animal Safety business continues to grow, led by sales of vet instruments and disposables and a new line of business with a large retail customer. Within the biosecurity portfolio, Neogen continues to grow solidly in cleaners, disinfectants and rodenticides. During the first quarter of fiscal 2024, within worldwide genomics, the company registered solid growth in international beef markets and companion animal testing.
Downsides
Global Economic Problems Dent Growth: Neogen’s international business continues to be impacted by currency movements. Further, government and insurance companies continue to look for ways to contain the rising cost of healthcare. This may put pressure on players in the healthcare industry, with Neogen being no exception.
Although the company is gradually coming out of the impact of the two-and-a-half-year-long healthcare crisis, deteriorating international trade, global inflationary pressure leading to a tough situation related to raw material and labor costs, as well as freight charges and rising interest rates, all have put the medical device space in a tight spot.
Competitive Landscape Tough: Neogen faces intense competition from companies ranging from small businesses to divisions of large multinational companies. Historically, it has faced competition on the basis of the development of new technologies by its competitors, which could affect the marketability and profitability of NEOG’s products.
Estimate Trend
In the past 30 days, the Zacks Consensus Estimate for Neogen’s earnings for 2023 has remained constant at 59 cents.
The Zacks Consensus Estimate for 2023 revenues is pegged at $960.9 million, suggesting a 16.8% rise from the 2022 reported number.
Other Key Picks
Some other top-ranked stocks in the broader medical space are Haemonetics HAE, Insulet PODD and DexCom DXCM.
Haemonetics has an estimated earnings growth rate of 28.4% for fiscal 2024 compared with the industry’s 15.4%. HAE’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 16.1%. Its shares have gained 13.3% compared with the industry’s 1.1% fall in the past year.
HAE carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Insulet, sporting a Zacks Rank #1 at present, has a long-term estimated earnings growth rate of 39.2% compared with the industry’s 11.8%. Shares of the company have lost 30.9% compared with the industry’s 1.2% decline over the past year.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.5%.
DexCom, carrying a Zacks Rank #2 at present, has an estimated long-term earnings growth rate of 33.6% compared with the industry’s 13.3%. Shares of DXCM have lost 7.4% compared with the industry’s 2.9% decline over the past year.
DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Haemonetics Corporation (HAE) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Neogen Corporation (NEOG) : Free Stock Analysis Report
Insulet Corporation (PODD) : 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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Neogen Corporation NEOG is well poised to gain in the coming quarters, backed by the focus on product launches to strengthen its business on a global scale. Earlier in June 2023, the company launched My CatScan 2.0, a significantly upgraded and improved version of the test from a leader in cat genetic screening. Although the company is gradually coming out of the impact of the two-and-a-half-year-long healthcare crisis, deteriorating international trade, global inflationary pressure leading to a tough situation related to raw material and labor costs, as well as freight charges and rising interest rates, all have put the medical device space in a tight spot.
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Food Safety Sales Growth Continues: Revenues from the Food Safety segment in the fiscal first quarter increased 157.2% compared with the prior year, including core growth of 4.5%. Animal Safety Business Grows Well: Neogen’s Animal Safety segment is gaining from solid performances of the complete line of consumable products marketed to veterinarians and animal health product distributors. Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Neogen Corporation (NEOG) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Animal Safety Business Grows Well: Neogen’s Animal Safety segment is gaining from solid performances of the complete line of consumable products marketed to veterinarians and animal health product distributors. DexCom, carrying a Zacks Rank #2 at present, has an estimated long-term earnings growth rate of 33.6% compared with the industry’s 13.3%. Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Neogen Corporation (NEOG) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The renowned food and animal safety products provider has a market capitalization of $3.70 billion. Animal Safety Business Grows Well: Neogen’s Animal Safety segment is gaining from solid performances of the complete line of consumable products marketed to veterinarians and animal health product distributors. HAE’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 16.1%.
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2023-12-12 00:00:00 UTC
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The New Magnificent 7: 7 Stocks Rising to Prominence
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https://www.nasdaq.com/articles/the-new-magnificent-7%3A-7-stocks-rising-to-prominence
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The magnificent seven stocks have had a fantastic 2023. Those firms dominate Silicon Valley and are amongst seven of the largest eight firms globally, as measured by market capitalization.
They’ve also accounted for an outsized portion of the stock market’s returns in 2023. While they continue to be sound investments, their outsized contribution continues to cause some concern. That concern opens the door for other investments which are on the precipice of disrupting their position.
That’s what will be discussing today: Another seven stocks that are rising to prominence and have the potential to disrupt and perhaps supersede the magnificent seven.
Visa (V)
Source: Kikinunchi / Shutterstock.com
It’s probably unfair to characterize Visa (NYSE:V) as a stock that is rising to prominence. The company has long been recognized as a sound investment and is a globally dominant credit card firm.
It’s also fair to assert that Visa should continue to rise. It’s probably true of all of the major credit card providers. The reason is simple: U.S. credit card debt reached a fresh new high of $1.3 trillion in October.
Americans may be cash-strapped, but that will not prevent them from continuing to spend. Despite high inflation, consumer discretionary purchases have not slowed. As concerning as that may be for the average consumer, it’s a boon to Visa.
Beyond that, Americans continue to travel abroad resulting in significant cross-border transaction volume and fees. again, a boon to Visa Which saw its revenues increase by 11% in the most recent quarter.
Holiday spending this year is expected to reach record levels that should only result in stronger performance for Visa.
Eli Lilly (LLY)
Source: shutterstock.com/Michael Vi
Eli Lilly (NYSE:LLY) to expand rapidly as its diabetes and obesity treatments receive strong demand. Its stock is in position to continue to rise as obesity treatments become a major market.
Throughout 2023, Eli Lilly has received a lot of attention for Mounjaro, its diabetes treatment. The drug was also noted for its ability to reduce weight in patients who were also obese, gaining massive attention.
However, the drug lacked FDA approval as an obesity treatment. That didn’t stop patience from trying to secure the drug for the purpose of reducing their weight. It did prevent Eli Lilly from marketing the drug for that purpose.
In early November, the company received FDA approval to market the drug for weight reduction. The drug is currently being marketed under the trade name, Zepbound.
Analysts expect that combined sales figures for Zepbound and Mounjaro could reach $100 billion annually. The American obesity crisis is only getting worse and will propel LLY stock to greater prominence.
Novo Nordisk (NVO)
Source: joreks / Shutterstock.com
Novo Nordisk (NYSE:NVO) is directly competing with Eli Lilly for dominance in the pharmaceutical weight loss space.
The company received FDA approval for its weight loss drug, Wegovy, prior to Eli Lilly doing so. That said, Novo Nordisk’s stock hasn’t been the runaway success it could have been due to early production issues.
Novo Nordisk continues to be a company to watch precisely because of the strong demand for its weight loss drug.
Novo Nordisk’s recent results reflect very strong sales for its treatments. Sales in North America increased by 46% during the most recent quarter. Revenues within its obesity and weight loss segment increased by 36%, reaching 158.8 million Danish Kroner ($22.9 billion).
The company is investing heavily to increase production both domestically and internationally at the moment. Recent research by Goldman Sachs suggests that the anti obesity drug Market could grow to $100 billion by 2030 making Novo Nordisk among very clear contenders to rise to prominence.
LVMH Moet Hennessy Louis Vuitton (LVMUY)
Source: Vietnam stock photos / Shutterstock
LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) is the largest luxury goods firm globally and the most prominent stock in the sector. The company’s portfolio of luxury brands spans businesses from wine and alcohol, to leather goods, to watches, perfumes, and jewelry.
LVMH Moet Hennessy Louis Vuitton is the 17th largest firm globally by market cap. It is also the most valuable firm in France. It isn’t traded on major US indexes, including the Nasdaq and the NYSE. U.S. investors who would like to own equity in the firm will have to do so through the over-the-counter markets.
Investors know broadly that the rich continue to get richer. That is reflected through sales at the firm which grew by 14% during the first nine months of 2023. LVMH Moet Hennessy Louis Vuitton’s Leather goods and selective retailing businesses, its two largest, grew at a rate of 16% and 26%, respectively, during that period.
UnitedHealth (UNH)
Source: Ken Wolter / Shutterstock.com
American consumers and investors are aware of the value and power of healthcare stocks like UnitedHealth (NYSE:UNH). The cost of healthcare in the United States is extraordinarily high and that has increased the value of many firms, including UnitedHealth.
While you can probably detect my frustration with the situation, I’m also a realist. That means I recognize stocks like UNH continue to be a worthwhile investment.
It’s hard to argue with the numbers: UNH Shares have returned 23.95% annually over the past decade. That figure doesn’t include the company’s dividend which currently yields 1.4%. Apple’s (NASDAQ:AAPL) returns have only been a few percentage points higher over the same span of time.
UnitedHealth is a very large company already yet continues to grow at a rapid pace. Revenues increased by 14% during the third quarter, reaching $92.4 billion. Though the company remains divisive and has recently been called out by politicians on both sides of the aisle for its prices, it will likely remain a sound investment.
ASML (ASML)
Source: Ralf Liebhold / Shutterstock
A lot of investors are already well aware of how important ASML (NASDAQ:ASML) is. The Netherlands-based firm manufactures photolithography machines that are used to produce the world’s most technologically advanced semiconductors.
Microchips contain billions of transistors and the more that can be packed onto a single chip, the better. That’s where ASML’s photolithography machines come into the picture.
Those machines are the industry standard and are capable of mass producing the most powerful chips with the greatest density of transistors. That’s incredibly important today as firms across all industries scrambled to secure their supply of chips.
In particular, those firms are looking for the most capable AI-enabled chips that the company’s machines can produce.
That strong demand is reflected in the company’s financial results over the first nine months of 2023. Despite the high cost of lending and inflation, ASML’s sales have mushroomed during the period. Company-wide sales eclipse $16 billion during that period. a year earlier, sales did not reach $11 trillion.
AMD (AMD)
Source: JHVEPhoto / Shutterstock.com
AMD (NASDAQ:AMD) is going to continue to compete with Nvidia (NASDAQ:NVDA) for dominance in the artificial intelligence field.
The company just launched its new Instinct MI300X GPU and chip. Based on early reception, it’s very easy to see that companies are eager for an alternative to the high priced chips from Nvidia.
Both Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have said that they will buy the chips as they seek alternatives to Nvidia’s expensive h100 chips.
The chip won’t begin shipping until 2024 but it is expected that other firms will follow suit and buy those chips. Nvidia’s chips can cost as much as $40,000 a piece, which has motivated affirms like Meta and Microsoft to look elsewhere.
AMD did not reveal a price for its newly released chips but they will be competitive. AMD is going to continue to become much more interesting in 2024 in the lead up to the start of shipping of those chips.
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 New Magnificent 7: 7 Stocks Rising to Prominence 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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Recent research by Goldman Sachs suggests that the anti obesity drug Market could grow to $100 billion by 2030 making Novo Nordisk among very clear contenders to rise to prominence. 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. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The New Magnificent 7: 7 Stocks Rising to Prominence appeared first on InvestorPlace.
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Eli Lilly (LLY) Source: shutterstock.com/Michael Vi Eli Lilly (NYSE:LLY) to expand rapidly as its diabetes and obesity treatments receive strong demand. Novo Nordisk (NVO) Source: joreks / Shutterstock.com Novo Nordisk (NYSE:NVO) is directly competing with Eli Lilly for dominance in the pharmaceutical weight loss space. LVMH Moet Hennessy Louis Vuitton (LVMUY) Source: Vietnam stock photos / Shutterstock LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) is the largest luxury goods firm globally and the most prominent stock in the sector.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The magnificent seven stocks have had a fantastic 2023. Its stock is in position to continue to rise as obesity treatments become a major market. LVMH Moet Hennessy Louis Vuitton (LVMUY) Source: Vietnam stock photos / Shutterstock LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) is the largest luxury goods firm globally and the most prominent stock in the sector.
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While they continue to be sound investments, their outsized contribution continues to cause some concern. Its stock is in position to continue to rise as obesity treatments become a major market. Novo Nordisk continues to be a company to watch precisely because of the strong demand for its weight loss drug.
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2023-12-12 00:00:00 UTC
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Lennar (LEN) Q4 Earnings, Revenues Top, Orders & Deliveries Up
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https://www.nasdaq.com/articles/lennar-len-q4-earnings-revenues-top-orders-deliveries-up
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Lennar Corporation LEN ended fiscal 2023 on an impressive note. This notable homebuilder reported better-than-expected earnings and revenues for fourth-quarter fiscal 2023. Also, its top and bottom lines increased on a year-over-year basis.
Higher interest rates, production deficit and chronic supply shortages continued to result in housing demand outweighing short supply. However, Lennar’s solid operating strategy of focusing on production and sales pace over price, generating strong cash flow, increasing returns on equity and assets and driving a robust bottom line bode well.
Stuart Miller, executive chairman and co-chief executive officer of LEN, stated, "We expect our strong land position and community count, along with our pace over price sales strategy, will allow us to aim for a year-over-year delivery growth rate of 10% in 2024.”
However, the company’s shares plunged 2.85% in the after-hours trading session on Dec 14. Investors’ sentiments might have been hurt by a bleak gross margin and higher Selling, general and administrative (“SG&A”) guidance for the first quarter of fiscal 2024.
Quarterly Numbers
LEN reported adjusted quarterly earnings (excluding mark-to-market losses on technology investments) of $5.17 per share, which surpassed the Zacks Consensus Estimate of $4.64 by 11.4%. The metric increased 3% year over year from $5.02 per share.
Lennar Corporation Price, Consensus and EPS Surprise
Lennar Corporation price-consensus-eps-surprise-chart | Lennar Corporation Quote
Revenues of $10.97 billion topped the Zacks Consensus Estimate of $10.34 billion by 6.1% and rose 7.8% year over year from $10.17 billion.
Segment Details
Homebuilding: Revenues of the segment totaled $10.5 billion, up 7.9% from the prior-year quarter. Under the Homebuilding umbrella, home sales contributed $10.4 billion to total revenues, up 8.2% from a year ago.
Land sales accounted for $63.5 million, down from $79.2 million in the prior-year quarter. The Other homebuilding unit contributed $9.7 million to homebuilding revenues, up from $8.2 million a year ago.
Home deliveries for the reported quarter improved 18.6% from the year-ago level to 23,795 units. The average sales price (ASP) of homes delivered was $441,000, down 8.7% from the year-ago figure due to pricing to market through an increased use of incentives and product mix.
New orders rose 31.6% from the year-ago quarter to 17,366 homes. The potential value of net orders also increased 31.6% year over year to $7.28 billion.
Backlog at the fiscal 2023-end declined 21.1% from a year ago to 14,892 homes. Potential housing revenues from backlog decreased 24.1% year over year to $6.63 billion.
The gross margin on home sales was 24.2% for the quarter, down 60 basis points (bps). The downside was due to low home prices, partially offset by a decrease in costs per square foot as the company continued to focus on construction cost savings.
SG&A expenses — as a percentage of home sales — rose by 80 bps to 6.6% due to an increase in the use of brokers resulting from current market conditions.
Financial Services: The segment’s revenues increased year over year to $304.7 million from $230.7 million for the reported quarter. Operating earnings for the quarter increased to $169.1 million from $125.2 million a year ago.
Lennar Multi-Family: Revenues of $140.8 million in the segment were down from $179.2 million in the prior-year quarter. The segment registered an operating loss of $12.2 million for the quarter against earnings of $14.9 million a year ago.
Lennar Other: The segment’s revenues totaled $6.6 million, down from $22.8 million a year ago. Its operating loss was $125.4 million for the quarter compared with $105.1 million in the comparable period of fiscal 2022.
Fiscal 2023 Highlights
Adjusted earnings came in at $14.25 per share, down from $17.91 from the year-ago period. Revenues were $34.2 billion, up from $33.7 billion a year ago on higher deliveries.
The company delivered 73,087 homes during the year, reflecting an increase of 10.1% from fiscal 2022. New orders increased 13.1% year over year to 69,111 homes.
Financials
At fiscal 2023-end, Lennar had homebuilding cash and cash equivalents of $6.27 billion, up from $4.62 billion at the end of fiscal 2022. LEN has no outstanding borrowings under the $2.6 billion revolving credit facility, thereby providing $8.9 billion of liquidity.
The total homebuilding debt was $2.82 billion as of fiscal 2023-end, down from $4.05 billion at the fiscal 2022-end. Homebuilding debt to capital at the fiscal 2023 end was 9.6%, down from 14.4% at the fiscal 2022-end. The debt to total capital ratio was the lowest in the company’s history, as it repaid $488 million of debt during the reported quarter.
LEN repurchased 3 million shares for $337 million at an average share price of $112.49 in the fiscal fourth quarter.
Guidance
For first-quarter fiscal 2024, the company expects deliveries within 16,500-17,000 homes with an ASP of nearly $420,000. In the year-ago period, deliveries were 13,659 homes at an ASP of $448,000.
The gross margin on home sales is expected to be 21-21.25%. SG&A expenses, as a percentage of home sales, are likely to be within 8-8.2% for the quarter. In the prior year, gross margin was 21.2% and SG&A was 7.4%.
New orders are likely to be within 17,500-18,000 units compared with 14,194 homes a year ago. It also anticipates 18,500 starts for the fiscal first quarter.
Financial Services operating earnings are expected in the range of $85-$90 million in the fiscal first quarter.
For fiscal 2024, LEN expects to deliver approximately 80,000 homes. Also, it targets to repurchase $2 billion worth of shares in 2024.
Zacks Rank & Other Stocks to Consider
Lennar currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the Zacks Construction sector are Frontdoor, Inc. FTDR, Knife River Corporation KNF and James Hardie Industries plc JHX, each sporting a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Frontdoor: Based in Memphis, TN, the company provides home service plans in the United States. The company is benefiting from impressive customer retention rates. Thanks to the robust awareness of the Frontdoor brand, it has been shifting its attention toward capitalizing on customer demand. This strategic move allows FTDR to redirect its marketing investments toward expanding its Direct-to-Consumer channel under the American Home Shield brand. Looking ahead, the company is committed to establishing a solid foundation by investing in its brand, technology infrastructure and enhancing productivity throughout the organization.
Frontdoor has seen an upward estimate revision of 23% and 23.8% for 2023 and 2024 earnings over the past 60 days to $2.03 and $2.34 per share, respectively. The estimated figure indicates 59.8% and 15.1% year-over-year growth for 2023 and 2024, respectively. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 163.7%.
Knife River: Headquartered in Bismarck, ND, this firm offers construction materials and contracting services throughout the United States, specializing in aggregates-based solutions. Knife River has effectively implemented its EDGE plan to enhance Adjusted EBITDA margins and achieve strategic objectives. A crucial component of this strategy involves optimizing pricing to fully capture the value of core products, including aggregates, ready-mix concrete, asphalt and contracting services. The company has adopted a more judicious approach in selecting higher-margin projects within its contracting services division. Despite challenges, Knife River maintains a positive outlook on the long-term market strength, anticipating favorable impacts from local, state and federal funding.
Knife River has seen an upward estimate revision of 30.2% for 2023 earnings over the past 60 days to $3.15 per share. The company’s earnings surpassed the Zacks Consensus Estimate in the last reported quarter by 41%.
James Hardie Industries: The company pioneered the development of fiber cement technology in the 1980s. JHX has many product applications, including external siding, trim and fascia, ceiling lining and flooring, partitioning, decorative columns, fencing and drainage pipes.
JHX has seen an upward estimate revision of 0.6% and 1.2% for fiscal 2024 and 2025 earnings over the past seven days to $1.58 per share and $1.66 per share, respectively. The estimated figure indicates 16.2% and 5.1% year-over-year growth for fiscal 2024 and 2025, respectively.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Lennar Corporation (LEN) : Free Stock Analysis Report
James Hardie Industries PLC. (JHX) : Free Stock Analysis Report
Frontdoor Inc. (FTDR) : Free Stock Analysis Report
Knife River Corporation (KNF) : 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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However, Lennar’s solid operating strategy of focusing on production and sales pace over price, generating strong cash flow, increasing returns on equity and assets and driving a robust bottom line bode well. A crucial component of this strategy involves optimizing pricing to fully capture the value of core products, including aggregates, ready-mix concrete, asphalt and contracting services. JHX has many product applications, including external siding, trim and fascia, ceiling lining and flooring, partitioning, decorative columns, fencing and drainage pipes.
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Lennar Corporation Price, Consensus and EPS Surprise Lennar Corporation price-consensus-eps-surprise-chart | Lennar Corporation Quote Revenues of $10.97 billion topped the Zacks Consensus Estimate of $10.34 billion by 6.1% and rose 7.8% year over year from $10.17 billion. Some other top-ranked stocks in the Zacks Construction sector are Frontdoor, Inc. FTDR, Knife River Corporation KNF and James Hardie Industries plc JHX, each sporting a Zacks Rank #1 (Strong Buy). (JHX) : Free Stock Analysis Report Frontdoor Inc. (FTDR) : Free Stock Analysis Report Knife River Corporation (KNF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Lennar Corporation Price, Consensus and EPS Surprise Lennar Corporation price-consensus-eps-surprise-chart | Lennar Corporation Quote Revenues of $10.97 billion topped the Zacks Consensus Estimate of $10.34 billion by 6.1% and rose 7.8% year over year from $10.17 billion. Financial Services: The segment’s revenues increased year over year to $304.7 million from $230.7 million for the reported quarter. LEN repurchased 3 million shares for $337 million at an average share price of $112.49 in the fiscal fourth quarter.
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The average sales price (ASP) of homes delivered was $441,000, down 8.7% from the year-ago figure due to pricing to market through an increased use of incentives and product mix. LEN repurchased 3 million shares for $337 million at an average share price of $112.49 in the fiscal fourth quarter. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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712548.0
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2023-12-12 00:00:00 UTC
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Fast-paced Momentum Stock CrossAmerica (CAPL) Is Still Trading at a Bargain
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DCOMP
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https://www.nasdaq.com/articles/fast-paced-momentum-stock-crossamerica-capl-is-still-trading-at-a-bargain-0
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Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and CrossAmerica Partners (CAPL) is one of them. Here are the key reasons why this stock is a great candidate.
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 0.9% over the past four weeks positions the stock of this wholesale fuels distributor well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CAPL meets this criterion too, as the stock gained 13% over the past 12 weeks.
Moreover, the momentum for CAPL is fast paced, as the stock currently has a beta of 1.61. This indicates that the stock moves 61% higher than the market in either direction.
Given this price performance, it is no surprise that CAPL has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CAPL earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, CAPL is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. CAPL is currently trading at 0.19 times its sales. In other words, investors need to pay only 19 cents for each dollar of sales.
So, CAPL appears to have plenty of room to run, and that too at a fast pace.
In addition to CAPL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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CrossAmerica Partners LP (CAPL) : 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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Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, CAPL is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CAPL earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, CAPL is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that CAPL has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, CAPL is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that CAPL has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to CAPL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen.
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: VLO, NOC, KMX
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-vlo-noc-kmx
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Valero Energy Corp (Symbol: VLO), where a total of 15,705 contracts have traded so far, representing approximately 1.6 million underlying shares. That amounts to about 52.8% of VLO's average daily trading volume over the past month of 3.0 million shares. Particularly high volume was seen for the $145 strike put option expiring January 19, 2024, with 2,089 contracts trading so far today, representing approximately 208,900 underlying shares of VLO. Below is a chart showing VLO's trailing twelve month trading history, with the $145 strike highlighted in orange:
Northrop Grumman Corp (Symbol: NOC) options are showing a volume of 2,853 contracts thus far today. That number of contracts represents approximately 285,300 underlying shares, working out to a sizeable 51.7% of NOC's average daily trading volume over the past month, of 551,500 shares. Especially high volume was seen for the $465 strike call option expiring December 15, 2023, with 147 contracts trading so far today, representing approximately 14,700 underlying shares of NOC. Below is a chart showing NOC's trailing twelve month trading history, with the $465 strike highlighted in orange:
And Carmax Inc. (Symbol: KMX) saw options trading volume of 8,982 contracts, representing approximately 898,200 underlying shares or approximately 50.4% of KMX's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $58 strike put option expiring December 29, 2023, with 954 contracts trading so far today, representing approximately 95,400 underlying shares of KMX. Below is a chart showing KMX's trailing twelve month trading history, with the $58 strike highlighted in orange:
For the various different available expirations for VLO options, NOC options, or KMX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Highest Yielding BDCs
Funds Holding MULN
Top Ten Hedge Funds Holding ASYS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $145 strike put option expiring January 19, 2024, with 2,089 contracts trading so far today, representing approximately 208,900 underlying shares of VLO. Especially high volume was seen for the $465 strike call option expiring December 15, 2023, with 147 contracts trading so far today, representing approximately 14,700 underlying shares of NOC. Particularly high volume was seen for the $58 strike put option expiring December 29, 2023, with 954 contracts trading so far today, representing approximately 95,400 underlying shares of KMX.
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Below is a chart showing VLO's trailing twelve month trading history, with the $145 strike highlighted in orange: Northrop Grumman Corp (Symbol: NOC) options are showing a volume of 2,853 contracts thus far today. Especially high volume was seen for the $465 strike call option expiring December 15, 2023, with 147 contracts trading so far today, representing approximately 14,700 underlying shares of NOC. Below is a chart showing NOC's trailing twelve month trading history, with the $465 strike highlighted in orange: And Carmax Inc. (Symbol: KMX) saw options trading volume of 8,982 contracts, representing approximately 898,200 underlying shares or approximately 50.4% of KMX's average daily trading volume over the past month, of 1.8 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Valero Energy Corp (Symbol: VLO), where a total of 15,705 contracts have traded so far, representing approximately 1.6 million underlying shares. Below is a chart showing NOC's trailing twelve month trading history, with the $465 strike highlighted in orange: And Carmax Inc. (Symbol: KMX) saw options trading volume of 8,982 contracts, representing approximately 898,200 underlying shares or approximately 50.4% of KMX's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $58 strike put option expiring December 29, 2023, with 954 contracts trading so far today, representing approximately 95,400 underlying shares of KMX.
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Especially high volume was seen for the $465 strike call option expiring December 15, 2023, with 147 contracts trading so far today, representing approximately 14,700 underlying shares of NOC. Below is a chart showing NOC's trailing twelve month trading history, with the $465 strike highlighted in orange: And Carmax Inc. (Symbol: KMX) saw options trading volume of 8,982 contracts, representing approximately 898,200 underlying shares or approximately 50.4% of KMX's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing KMX's trailing twelve month trading history, with the $58 strike highlighted in orange: For the various different available expirations for VLO options, NOC options, or KMX options, visit StockOptionsChannel.com.
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a0c5dc3a-7b4c-4d12-a406-0bd97d923553
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712550.0
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2023-12-12 00:00:00 UTC
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Want Better Returns? Don?t Ignore These 2 Retail and Wholesale 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-retail-and-wholesale-stocks-set-to-beat-14
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Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
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 Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
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 #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 Darden Restaurants?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Darden Restaurants (DRI) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $1.80 a share three days away from its upcoming earnings release on December 15, 2023.
DRI has an Earnings ESP figure of +5.58%, which, as explained above, is calculated by taking the percentage difference between the $1.80 Most Accurate Estimate and the Zacks Consensus Estimate of $1.70. Darden Restaurants is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DRI is part of a big group of Retail and Wholesale stocks that boast a positive ESP, and investors may want to take a look at Levi Strauss (LEVI) as well.
Levi Strauss is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on January 24, 2024. LEVI's Most Accurate Estimate sits at $0.43 a share 43 days from its next earnings release.
Levi Strauss' Earnings ESP figure currently stands at +0.78% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.43.
DRI and LEVI'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 >>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report
Levi Strauss & Co. (LEVI) : 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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We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
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The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. 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. Click to get this free report Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report Levi Strauss & Co. (LEVI) : 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, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. 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 Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report Levi Strauss & Co. (LEVI) : 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, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price. Darden Restaurants (DRI) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $1.80 a share three days away from its upcoming earnings release on December 15, 2023.
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bb902574-ef9d-4ab1-a850-497bda1ac6bd
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712551.0
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2023-12-12 00:00:00 UTC
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3 Stocks Capitalizing on the Space Internet Revolution
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-capitalizing-on-the-space-internet-revolution
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Space stocks are helping us live in a more connected world via satellite technology. These companies are helping to close gaps for remote regions. Oftentimes, internet access is uncovered or impossible, such as at sea or in very remote areas. Also, space stocks are pioneering secure communications for government agencies and large corporations with robust privacy and security needs.
These space stocks are changing the industry in various ways. Through their mix of satellite constellations and technologies, they push our existing boundary infrastructure. Each has unique reasons for investors to consider and add them to their watchlist.
So, if you’d like to add some potentially undervalued space stocks to your portfolio, consider these companies.
ViaSat (VSAT)
Source: rafapress / Shutterstock.com
ViaSat (NASDAQ:VSAT) provides high-speed satellite broadband services and secure networking systems covering military and commercial markets.
Buying VSAT is based the expectation to bounce back strongly from the failure of its VS-3 satellite project. It has plans to launch new satellites in 2024, which could significantly boost its share price.
So, because of this, VSAT could be undervalued. Inherently, it’s a bump in the road instead of a long-term failure of the business.
Another bullish factor is that it inked numerous deals with other businesses last month. This includes extending its partnership with Porter Airlines as well as the space agencies of the U.K. and Japan.
Wall Street’s consensus now is that it’s a buy. Thus, I believe its share price can recover after being down 20.16% over the past year.
Gilat Satellite Networks (GILT)
Source: Shutterstock
Gilat Satellite Networks (NASDAQ:GILT) is an Israeli-based company providing satellite broadband communications.
There’s a strong argument to make that GILT is a great investment and potentially undervalued.
Notably, GILT demonstrated solid top-line growth across various business segments in Q1 FY2023. Also, it showed an impressive gross margin increase to 42% (998 basis points higher than last year). And, its adjusted EBITDA experienced a significant surge, reaching over $8.4 million, a threefold increase from Q1 FY2022.
Additionally, GILT’s main focus end-market is projected to grow from $7.48 billion in 2023 to $21.03 billion by 2030, at a CAGR of 15.9%.
Also, GILT is cheap on a price-to-sales basis, trading at just 1.36 times sales and 25.2 times earnings. Wall Street rates GILT a strong buy, with an average consensus upside of 34.92%, from its former $6.30.
Iridium Communications (IRDM)
Source: rafapress / Shutterstock.com
Iridium Communications (NASDAQ:IRDM) operates the Iridium satellite constellation. The company provides voice and data coverage to satellite phones, pagers, and other devices globally.
In fact, IRDM is my contrarian pick of this bunch. Therefore, it should only be considered by investors with a high-risk tolerance. My reasoning? Its stock price is down by over 21% over the past year amid operational and financial difficulties.
Still, some of the best opportunities present themselves when everyone else has written them off as too risky to consider.
The company’s shares dropped amid an agreement terminated by a subsidiary of Qualcomm (NASDAQ:QCOM). The agreement previously allowed IRDM to leverage satellite messaging and emergency services in cell phones.
Still, the company expects to grow its revenue to $1 billion by 2030. Also, they plan to increase the number of subscribers to its platform by 1.97 million to 2.24 million. So, by 2030, IRDM aims for a total revenue of $1.35 billion and EBITDA of $865.9 million. And this means its shares could be significantly undervalued from their current price points.
On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Stocks Capitalizing on the Space Internet Revolution 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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Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks Capitalizing on the Space Internet Revolution appeared first on InvestorPlace.
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ViaSat (VSAT) Source: rafapress / Shutterstock.com ViaSat (NASDAQ:VSAT) provides high-speed satellite broadband services and secure networking systems covering military and commercial markets. Gilat Satellite Networks (GILT) Source: Shutterstock Gilat Satellite Networks (NASDAQ:GILT) is an Israeli-based company providing satellite broadband communications. Iridium Communications (IRDM) Source: rafapress / Shutterstock.com Iridium Communications (NASDAQ:IRDM) operates the Iridium satellite constellation.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Space stocks are helping us live in a more connected world via satellite technology. Gilat Satellite Networks (GILT) Source: Shutterstock Gilat Satellite Networks (NASDAQ:GILT) is an Israeli-based company providing satellite broadband communications. Iridium Communications (IRDM) Source: rafapress / Shutterstock.com Iridium Communications (NASDAQ:IRDM) operates the Iridium satellite constellation.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Space stocks are helping us live in a more connected world via satellite technology. Buying VSAT is based the expectation to bounce back strongly from the failure of its VS-3 satellite project. So, by 2030, IRDM aims for a total revenue of $1.35 billion and EBITDA of $865.9 million.
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e160f64d-f833-4819-9421-5a7c615d92dd
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712552.0
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2023-12-12 00:00:00 UTC
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Starbucks (SBUX) Stock Drops Despite Market Gains: Important Facts to Note
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DCOMP
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https://www.nasdaq.com/articles/starbucks-sbux-stock-drops-despite-market-gains%3A-important-facts-to-note
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In the latest market close, Starbucks (SBUX) reached $97.84, with a -0.28% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the coffee chain had lost 7.47% in the past month. In that same time, the Retail-Wholesale sector gained 6.95%, while the S&P 500 gained 6.94%.
The investment community will be closely monitoring the performance of Starbucks in its forthcoming earnings report. The company's upcoming EPS is projected at $0.95, signifying a 26.67% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $9.7 billion, up 11.27% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.14 per share and a revenue of $39.61 billion, signifying shifts of +16.95% and +10.09%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Starbucks. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.3% downward. Starbucks is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Starbucks is holding a Forward P/E ratio of 23.7. This denotes a premium relative to the industry's average Forward P/E of 21.75.
One should further note that SBUX currently holds a PEG ratio of 1.43. 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. As the market closed yesterday, the Retail - Restaurants industry was having an average PEG ratio of 1.95.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 51, finds itself in the top 21% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
Starbucks Corporation (SBUX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.14 per share and a revenue of $39.61 billion, signifying shifts of +16.95% and +10.09%, respectively, from the last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.14 per share and a revenue of $39.61 billion, signifying shifts of +16.95% and +10.09%, respectively, from the last year. Over the past month, the Zacks Consensus EPS estimate has shifted 0.3% downward. 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.
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The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 51, finds itself in the top 21% echelons of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups.
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The company's upcoming EPS is projected at $0.95, signifying a 26.67% increase compared to the same quarter of the previous year. As the market closed yesterday, the Retail - Restaurants industry was having an average PEG ratio of 1.95. Want the latest recommendations from Zacks Investment Research?
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09151cdb-bed7-45f7-bc35-952156abda4c
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712553.0
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2023-12-12 00:00:00 UTC
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Alphabet (GOOGL) Stock Drops Despite Market Gains: Important Facts to Note
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DCOMP
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https://www.nasdaq.com/articles/alphabet-googl-stock-drops-despite-market-gains%3A-important-facts-to-note
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nan
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In the latest market close, Alphabet (GOOGL) reached $131.94, with a -0.48% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the internet search leader had lost 1.52% in the past month. In that same time, the Computer and Technology sector gained 5.93%, while the S&P 500 gained 6.94%.
The investment community will be closely monitoring the performance of Alphabet in its forthcoming earnings report. The company's upcoming EPS is projected at $1.60, signifying a 52.38% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $70.64 billion, up 11.9% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.75 per share and a revenue of $254.77 billion, signifying shifts of +26.1% and +8.93%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Alphabet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% upward. Alphabet is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Alphabet is holding a Forward P/E ratio of 23.04. This denotes a discount relative to the industry's average Forward P/E of 26.86.
One should further note that GOOGL currently holds a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 2.36.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
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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For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.75 per share and a revenue of $254.77 billion, signifying shifts of +26.1% and +8.93%, respectively, from the last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.75 per share and a revenue of $254.77 billion, signifying shifts of +26.1% and +8.93%, respectively, from the last year. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% upward. 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.
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The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 27% echelons of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups.
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The company's upcoming EPS is projected at $1.60, signifying a 52.38% increase compared to the same quarter of the previous year. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 2.36. Want the latest recommendations from Zacks Investment Research?
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ca2c6fb8-86b8-438f-9389-b8410a36f57b
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712554.0
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2023-12-12 00:00:00 UTC
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Vertex Pharmaceuticals (VRTX) Outpaces Stock Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/vertex-pharmaceuticals-vrtx-outpaces-stock-market-gains%3A-what-you-should-know-13
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nan
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nan
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In the latest market close, Vertex Pharmaceuticals (VRTX) reached $406.60, with a +0.38% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.27%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.19%.
Coming into today, shares of the drugmaker had gained 15.95% in the past month. In that same time, the Medical sector gained 7.01%, while the S&P 500 gained 6.94%.
Analysts and investors alike will be keeping a close eye on the performance of Vertex Pharmaceuticals in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.07, signifying an 8.24% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.5 billion, showing an 8.43% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $15.08 per share and a revenue of $9.85 billion, demonstrating changes of +1.34% and +10.3%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Vertex Pharmaceuticals. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.19% higher within the past month. Vertex Pharmaceuticals is currently a Zacks Rank #3 (Hold).
With respect to valuation, Vertex Pharmaceuticals is currently being traded at a Forward P/E ratio of 26.87. This represents a premium compared to its industry's average Forward P/E of 17.45.
One should further note that VRTX currently holds a PEG ratio of 2.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Medical - Biomedical and Genetics industry held an average PEG ratio of 1.89.
The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 61, positioning it in the top 25% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report
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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Analysts and investors alike will be keeping a close eye on the performance of Vertex Pharmaceuticals in its upcoming earnings disclosure. Simultaneously, our latest consensus estimate expects the revenue to be $2.5 billion, showing an 8.43% escalation compared to the year-ago quarter. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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For the full year, the Zacks Consensus Estimates project earnings of $15.08 per share and a revenue of $9.85 billion, demonstrating changes of +1.34% and +10.3%, respectively, from the preceding year. As of the close of trade yesterday, the Medical - Biomedical and Genetics industry held an average PEG ratio of 1.89. Click to get this free report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Currently, this industry holds a Zacks Industry Rank of 61, positioning it in the top 25% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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In the latest market close, Vertex Pharmaceuticals (VRTX) reached $406.60, with a +0.38% movement compared to the previous day. With respect to valuation, Vertex Pharmaceuticals is currently being traded at a Forward P/E ratio of 26.87. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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2023-12-12 00:00:00 UTC
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7 Ever-Rising Dividend Stocks Even a Recession Can’t Stop
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Even in turbulent economic times overlayed with bear markets, recessions, and broader uncertainty, some stocks still manage to provide stability, income, and growth for investors. You should always be on the lookout for companies that can deliver rising dividends year after year. These stocks help to cushion your portfolio when volatility arises, and also put more cash in your pocket as you await a market recovery. Indeed, the best dividend payers don’t just offer attractive yields today. These companies consistently grow those dividends over decades, allowing compounding to work its magic.
What’s extra appealing is that many dividend stocks achieve S&P 500-beating total returns over time with substantially better risk profiles than the overall market. These companies’ defensive business models make them much less volatile than the overall index. This makes such dividend stocks the perfect long-term holdings for risk-averse investors like retirees and conservative portfolio managers looking for a lower portfolio beta. In short, when the broader market gets choppy, these seven dividend stocks act as safe harbor investments.
Illinois Tool Works (ITW)
Source: Gorodenkoff / Shutterstock.com
When it comes to stable industrial businesses, Illinois Tool Works (NYSE:ITW) stands out as one of the best buys right now. While not the most glamorous company, this industrial manufacturer has impressed me with its steady financial performance over the years. Through smart capital allocation and continuous efficiency gains, ITW has grown its earnings at a consistent clip in its mature sector.
Looking ahead, I don’t see any reason for this trend to stop. Analysts forecast almost 6% earnings per share growth for ITW this year. Notably, this number is expected to accelerate toward the double-digit range over the next few years. Revenue growth is also expected to pick up to more than 5% by 2026.
Sure, these aren’t breathtaking growth rates. But for a $75 billion industrial company, high single-digit earnings growth is mighty solid. To me, this shows ITW still has the legs to continue outpacing its peers.
With its proprietary business model, structural cost savings and proven recession resilience, I believe ITW makes for a compelling core industrial holding today. The stock won’t knock your socks off, but provides stable dividend growth to balance out the volatility in the rest of your portfolio. I continue to like what I see here.
Flowers Foods (FLO)
Source: shutterstock.com/ampersandphoto
If you’re looking for a consumer staples stock that’s held up remarkably well over the decades, look no further than Flowers Foods (NYSE:FLO). This bakery company has seen its fundamentals remain healthy over time, with the company impressively recovering from downturns quickly. This makes Flower Foods one of the most stable stocks I’ve come across. However, FLO stock has broken its two-decade-long trajectory, since the pandemic scrambled things up.
However, this brief decline now looks like a temporary blip. Analysts forecast a quick earnings rebound in the company quarters as the company’s management team rights the ship. Flower Foods still holds leading brands and strong pricing power in its markets, which gives me confidence it can bounce back to new heights over the next couple of years. With the stock sitting near 2013 prices, I believe FLO stock has solid upside potential ahead as its results improve.
Sometimes, the highest-quality names get unfairly punished when unpredictable events hit. I think Flower Foods fits that bill today, given its long history of relative stability. Thus, I remain bullish on this company’s future prospects from this unusual rough patch.
Waste Management (WM)
Source: rblfmr / Shutterstock.com
You won’t find many sectors more defensive than waste management. No matter the economic climate, volumes and pricing for trash haulers and recyclers tend to hold up well. But while some view Waste Management (NYSE:WM) as a boring low-growth company at this point, I see a quality cash cow still in its prime growth years.
Don’t let the perceived “boringness” fool you – analysts still forecast double-digit earnings growth for WM this decade, alongside 6%+ annual revenue growth. Waste Management holds an enviable competitive position in its sector, and produces ample cash to fund growth initiatives, hike its dividend, and continue repurchasing its shares.
Trash may stink, but WM stock smells like roses to me right now. Recession-resistant revenue and solid pricing power support an above-average growth trajectory in the years ahead. For investors seeking stability with a side of growth, WM stock checks the key boxes. The company’s premium valuation makes sense to me, given the defensive nature of the business.
Republic Services (RSG)
Source: Michael T Hartman / Shutterstock.com
Looking for even more stability in waste hauling? Republic Services (NYSE:RSG) offers another solid choice. This trash and recycling giant holds a nearly identical profile: recession resilience, a strong market position, and double-digit forecasted earnings growth. Like Waste Management, Republic Services produces ample cash flow to fund tuck-in acquisitions, dividend hikes, and buybacks. That’s all while maintaining an investment-grade balance sheet.
I view both WM and RSG stock as long-term winners in this defensive sector. Their growth trajectory over the next decade looks largely similar in terms of revenue and earnings. But while these stocks have moved directionally together over the long run, RSG stock has actually outpaced WM stock over the past year. Notably, RSG stock is up almost 19% over that timeframe, whereas WM stock rose just 4%. This performance gap may close over time, but Republic’s relative strength is worth noting.
Ultimately, I don’t believe investors can go wrong owning either leader in the trash sector. The duo dominates the national landscape and their recession-resilient business models are worth investing in. If you want to double down on stability via the waste management sector, RSG stock should be on your shopping list.
Berkshire Hathaway (BRK-A, BRK-B)
While the recent passing of Charlie Munger initially spooked me on Berkshire (NYSE:BRK-A, NYSE:BRK-B), the stock has held surprisingly steady. Warren Buffett has prepared the company well for his eventual departure, with ample cash reserves, a diversified collection of “forever” stocks, and investing lieutenants in place to take over operations.
Even with Buffett still at the helm in his 90s, Berkshire remains a long-term winner in my book. The company has many levers to drive growth for years. These include a $157 billion cash pile for flexible investments, steadily-compounding stocks like Apple (NASDAQ:AAPL) and American Express (NYSE:AXP), robust earnings from wholly owned subsidiaries, and its massive insurance float. Additionally, should crisis strike, Berkshire has prepared the mother of all rainy day funds. Buffett clearly sees the writing on the wall for a downturn, raising my conviction in this portfolio. Recession or not, Berkshire’s discipline and diversified earnings engines stand ready to churn out profits for generations to come.
PepsiCo (PEP)
Source: suriyachan / Shutterstock.com
For those looking to take a defensive posture and generate reliable dividend income, PepsiCo (NASDAQ:PEP) remains a must-own stock in my book. Walk the snacks aisle at any grocery store, and Pepsi’s dominance smacks you in the face. The company has effectively made its sugary treats a staple, etching itself into consumers’ daily lives. While discretionary by nature, Pepsi’s snacks and beverages generate dependable cash flows that hold up in a range of economic environments.
With PEP stock, you’re not just getting stability. You’re getting steadily-rising dividend income, too. This iconic company has achieved “Dividend King” status, now boasting 51 consecutive years of payout hikes. Yet, even as its business matures, Pepsi still delivers incremental growth, rewarding loyal shareholders with fatter dividend checks.
Trading at 22-times earnings, some call PEP stock expensive. However, I think investors need to pay up for exposure to unmatched scale, pricing power, cash generation, and brand loyalty that’s been built over decades. These factors allow PepsiCo to overcome inflationary pressures and economic fluctuations. Consumers may reduce some expenses when budgets tighten, but Pepsi’s snacks remain a fixture in weekly shopping carts, providing recession-resistant demand.
Church & Dwight (CHD)
Source: ThamKC / Shutterstock.com
Church & Dwight (NYSE:CHD) rounds out this list, offering stability and modest growth. Another mature consumer staples stalwart, Church & Dwight doesn’t grab as many headlines as Pepsi. However, the company produces similarly-steady results thanks to its household & personal care essentials portfolio. The company’s brands including Arm & Hammer, OxiClean, Trojan, First Response, and Vitafusion have all carved out strong market positions over a very long period of time.
This mix of value & premium brands generates reliable earnings and cash flows for Church & Dwight year after year. And despite its impressive size, CHD stock is still expected to deliver 6% annual earnings per share growth annually over the decade ahead. While not the flashiest growth stock, I’ll take steady mid-to-high single-digit growth for a $23 billion staples giant.
Topping it off, CHD stock also provides investors with a safe 1.2% dividend yield which has grown over time. In fact, the company is another Dividend Aristocrat I think is worth considering. Trading at 29-times forward earnings, investors must pay a fair price for this quality stock. However, given Church & Dwight’s solid brands, recession-resistant demand and consistent growth, I believe the premium is justified.
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
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The post 7 Ever-Rising Dividend Stocks Even a Recession Can’t Stop 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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Waste Management holds an enviable competitive position in its sector, and produces ample cash to fund growth initiatives, hike its dividend, and continue repurchasing its shares. Warren Buffett has prepared the company well for his eventual departure, with ample cash reserves, a diversified collection of “forever” stocks, and investing lieutenants in place to take over operations. These include a $157 billion cash pile for flexible investments, steadily-compounding stocks like Apple (NASDAQ:AAPL) and American Express (NYSE:AXP), robust earnings from wholly owned subsidiaries, and its massive insurance float.
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Illinois Tool Works (ITW) Source: Gorodenkoff / Shutterstock.com When it comes to stable industrial businesses, Illinois Tool Works (NYSE:ITW) stands out as one of the best buys right now. Waste Management holds an enviable competitive position in its sector, and produces ample cash to fund growth initiatives, hike its dividend, and continue repurchasing its shares. This trash and recycling giant holds a nearly identical profile: recession resilience, a strong market position, and double-digit forecasted earnings growth.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Even in turbulent economic times overlayed with bear markets, recessions, and broader uncertainty, some stocks still manage to provide stability, income, and growth for investors. But while these stocks have moved directionally together over the long run, RSG stock has actually outpaced WM stock over the past year. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Ever-Rising Dividend Stocks Even a Recession Can’t Stop appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Even in turbulent economic times overlayed with bear markets, recessions, and broader uncertainty, some stocks still manage to provide stability, income, and growth for investors. You should always be on the lookout for companies that can deliver rising dividends year after year. I view both WM and RSG stock as long-term winners in this defensive sector.
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2023-12-12 00:00:00 UTC
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Guyana, Venezuela both committed to peace, Guyanese president says
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By Julia Symmes Cobb and Kiana Wilburg
KINGSTOWN, Saint Vincent and the Grenadines Dec 14 (Reuters) - Guyana and Venezuela are committed to ensuring their region remains peaceful, Guyanese President Irfaan Ali said on Thursday during meetings with his Venezuelan counterpart President Nicolas Maduro, amid high tensions over a dispute involving a potentially oil-rich border area.
The two leaders met at the airport in Kingstown, in Saint Vincent and the Grenadines, alongside representatives from CARICOM, the Caribbean political and economic union, Brazil, the United Nations and the Community of Latin American and Caribbean States (CELAC).
Disagreements over the 160,000-square-km (62,000-square-mile) jungle region of Esequibo has run for decades, but Venezuela revived its claim, including to offshore areas, in recent years after major oil and gas discoveries.
The dispute is before the International Court of Justice, though a final ruling could be years away. Voters in Venezuela this month rejected the court's jurisdiction and backed the creation of a new state in a referendum.
Guyana has questioned the vote's turn-out and said its land border is not up for discussion, while political analysts in Caracas have said the vote was an attempt by Maduro to gauge support for his government ahead of a 2024 presidential election, and not a prelude to invasion. Maduro said last week he would authorize oil exploration in the Esequibo, drawing Ali's ire as the latter sought to reassure investors with projects already approved by the Guyanese government, including Exxon Mobil XOM.N and soon-to-be partner Chevron CVX.N, that their investments are safe.
"I made it very clear that Guyana has all the right to... approve of and facilitate any development, any investment, any partnership, any trading, any collaboration, any cooperation, to issue any license and the granting of any concession within our territorial space and within our sovereign space," Ali said.
Ali wore a bracelet showing a map of Guyana that includes the Esequibo and reiterated the dispute must be solved through the ICJ.
"Guyana is not the aggressor, Guyana is not seeking war, but Guyana reserves the right to work with all our partners to ensure the defense of our country," he added. "Both parties committed to ensuring the region remains a zone of peace."
The meetings are ongoing and Maduro has not yet made any statement.
Offshore areas are responsible for the entirety of oil production in Guyana, whose economy is booming thanks to output, which is expected to triple to more than 1.2 million barrels per day by 2027.
"We are not going anywhere — our focus remains on developing the resources efficiently and responsibly, per our agreement with the Guyanese government," Exxon said this week, adding claims by Maduro's government that it was involved in financing a plot to undermine the referendum are "ridiculous and baseless."
(Reporting by Kiana Wilburg in Kingstown, Julia Symmes Cobb and Vivian Sequera in Bogota, Mayela Armas in Caracas and Marianna Parraga in Houston Additional reporting by Sabrina Valle Writing by Julia Symmes Cobb)
((julia.cobb@thomsonreuters.com; +57-316-389-7187;))
The views and 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 Julia Symmes Cobb and Kiana Wilburg KINGSTOWN, Saint Vincent and the Grenadines Dec 14 (Reuters) - Guyana and Venezuela are committed to ensuring their region remains peaceful, Guyanese President Irfaan Ali said on Thursday during meetings with his Venezuelan counterpart President Nicolas Maduro, amid high tensions over a dispute involving a potentially oil-rich border area. Disagreements over the 160,000-square-km (62,000-square-mile) jungle region of Esequibo has run for decades, but Venezuela revived its claim, including to offshore areas, in recent years after major oil and gas discoveries. Maduro said last week he would authorize oil exploration in the Esequibo, drawing Ali's ire as the latter sought to reassure investors with projects already approved by the Guyanese government, including Exxon Mobil XOM.N and soon-to-be partner Chevron CVX.N, that their investments are safe.
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By Julia Symmes Cobb and Kiana Wilburg KINGSTOWN, Saint Vincent and the Grenadines Dec 14 (Reuters) - Guyana and Venezuela are committed to ensuring their region remains peaceful, Guyanese President Irfaan Ali said on Thursday during meetings with his Venezuelan counterpart President Nicolas Maduro, amid high tensions over a dispute involving a potentially oil-rich border area. "We are not going anywhere — our focus remains on developing the resources efficiently and responsibly, per our agreement with the Guyanese government," Exxon said this week, adding claims by Maduro's government that it was involved in financing a plot to undermine the referendum are "ridiculous and baseless." (Reporting by Kiana Wilburg in Kingstown, Julia Symmes Cobb and Vivian Sequera in Bogota, Mayela Armas in Caracas and Marianna Parraga in Houston Additional reporting by Sabrina Valle Writing by Julia Symmes Cobb) ((julia.cobb@thomsonreuters.com; +57-316-389-7187;)) The views and 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 Julia Symmes Cobb and Kiana Wilburg KINGSTOWN, Saint Vincent and the Grenadines Dec 14 (Reuters) - Guyana and Venezuela are committed to ensuring their region remains peaceful, Guyanese President Irfaan Ali said on Thursday during meetings with his Venezuelan counterpart President Nicolas Maduro, amid high tensions over a dispute involving a potentially oil-rich border area. Maduro said last week he would authorize oil exploration in the Esequibo, drawing Ali's ire as the latter sought to reassure investors with projects already approved by the Guyanese government, including Exxon Mobil XOM.N and soon-to-be partner Chevron CVX.N, that their investments are safe. "We are not going anywhere — our focus remains on developing the resources efficiently and responsibly, per our agreement with the Guyanese government," Exxon said this week, adding claims by Maduro's government that it was involved in financing a plot to undermine the referendum are "ridiculous and baseless."
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By Julia Symmes Cobb and Kiana Wilburg KINGSTOWN, Saint Vincent and the Grenadines Dec 14 (Reuters) - Guyana and Venezuela are committed to ensuring their region remains peaceful, Guyanese President Irfaan Ali said on Thursday during meetings with his Venezuelan counterpart President Nicolas Maduro, amid high tensions over a dispute involving a potentially oil-rich border area. The two leaders met at the airport in Kingstown, in Saint Vincent and the Grenadines, alongside representatives from CARICOM, the Caribbean political and economic union, Brazil, the United Nations and the Community of Latin American and Caribbean States (CELAC). Disagreements over the 160,000-square-km (62,000-square-mile) jungle region of Esequibo has run for decades, but Venezuela revived its claim, including to offshore areas, in recent years after major oil and gas discoveries.
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: VLY, ZM, HOOD
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Valley National Bancorp (Symbol: VLY), where a total volume of 31,827 contracts has been traded thus far today, a contract volume which is representative of approximately 3.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 102.6% of VLY's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $10 strike call option expiring January 19, 2024, with 13,190 contracts trading so far today, representing approximately 1.3 million underlying shares of VLY. Below is a chart showing VLY's trailing twelve month trading history, with the $10 strike highlighted in orange:
Zoom Video Communications Inc (Symbol: ZM) saw options trading volume of 53,466 contracts, representing approximately 5.3 million underlying shares or approximately 102.2% of ZM's average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $130 strike put option expiring January 19, 2024, with 16,516 contracts trading so far today, representing approximately 1.7 million underlying shares of ZM. Below is a chart showing ZM's trailing twelve month trading history, with the $130 strike highlighted in orange:
And Robinhood Markets Inc (Symbol: HOOD) options are showing a volume of 173,300 contracts thus far today. That number of contracts represents approximately 17.3 million underlying shares, working out to a sizeable 100.8% of HOOD's average daily trading volume over the past month, of 17.2 million shares. Especially high volume was seen for the $12 strike call option expiring December 15, 2023, with 14,530 contracts trading so far today, representing approximately 1.5 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $12 strike highlighted in orange:
For the various different available expirations for VLY options, ZM options, or HOOD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
MAS Insider Buying
JILL market cap history
LMOS Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $10 strike call option expiring January 19, 2024, with 13,190 contracts trading so far today, representing approximately 1.3 million underlying shares of VLY. Particularly high volume was seen for the $130 strike put option expiring January 19, 2024, with 16,516 contracts trading so far today, representing approximately 1.7 million underlying shares of ZM. Especially high volume was seen for the $12 strike call option expiring December 15, 2023, with 14,530 contracts trading so far today, representing approximately 1.5 million underlying shares of HOOD.
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Especially high volume was seen for the $10 strike call option expiring January 19, 2024, with 13,190 contracts trading so far today, representing approximately 1.3 million underlying shares of VLY. Below is a chart showing VLY's trailing twelve month trading history, with the $10 strike highlighted in orange: Zoom Video Communications Inc (Symbol: ZM) saw options trading volume of 53,466 contracts, representing approximately 5.3 million underlying shares or approximately 102.2% of ZM's average daily trading volume over the past month, of 5.2 million shares. Below is a chart showing ZM's trailing twelve month trading history, with the $130 strike highlighted in orange: And Robinhood Markets Inc (Symbol: HOOD) options are showing a volume of 173,300 contracts thus far today.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Valley National Bancorp (Symbol: VLY), where a total volume of 31,827 contracts has been traded thus far today, a contract volume which is representative of approximately 3.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing VLY's trailing twelve month trading history, with the $10 strike highlighted in orange: Zoom Video Communications Inc (Symbol: ZM) saw options trading volume of 53,466 contracts, representing approximately 5.3 million underlying shares or approximately 102.2% of ZM's average daily trading volume over the past month, of 5.2 million shares. That number of contracts represents approximately 17.3 million underlying shares, working out to a sizeable 100.8% of HOOD's average daily trading volume over the past month, of 17.2 million shares.
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Especially high volume was seen for the $10 strike call option expiring January 19, 2024, with 13,190 contracts trading so far today, representing approximately 1.3 million underlying shares of VLY. Below is a chart showing VLY's trailing twelve month trading history, with the $10 strike highlighted in orange: Zoom Video Communications Inc (Symbol: ZM) saw options trading volume of 53,466 contracts, representing approximately 5.3 million underlying shares or approximately 102.2% of ZM's average daily trading volume over the past month, of 5.2 million shares. Below is a chart showing HOOD's trailing twelve month trading history, with the $12 strike highlighted in orange: For the various different available expirations for VLY options, ZM options, or HOOD options, visit StockOptionsChannel.com.
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2023-12-12 00:00:00 UTC
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3 Flying Car Stocks to Turn $10,000 Into $1 Million: December 2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Flying car stocks have the potential to revolutionize how we think about air transportation and the role of vehicles. What was once featured mostly in science fiction is now becoming a reality. Flying car stocks also have a utilitarian usage, with potential in fields that vary from industrials to search and rescue operations.
What I like the most about these companies is they are relatively less covered than some of the marquee brands in the financial media. That means investors who buy in early can potentially benefit from multi-bagger returns as their investments multiply.
So, if you’d like to know which of the three flying car stocks could make you rich in the future, read on.
Joby Aviation (JOBY)
Source: T. Schneider / Shutterstock.com
Joby Aviation (NYSE:JOBY) is a company known for its work on electric aviation, specifically focusing on developing a flying car or air taxi. It’s basically one of those blue-chip flying car stocks that captured the interest of investors worldwide.
There are a few reasons why JOBY stock is worth considering.
The first is to look at what smart money or institutional investors feel about the stock. In this case, it’s very positive. Technology investor Cathie Wood bought up 323,028 shares of the company this week, bringing her total stake to $14.6 million.
Now might be a good time for retail investors to start buying into JOBY. It has a $500 million aircraft purchase backlog and plans on bringing the flying taxi dream alive in Dubai in 2026.
It’s also trading well below its average share price at just $6.75, making its shares a relative bargain. It has great potential to surge higher.
EHang Holdings (EH)
Source: CNN
EHang Holdings (NASDAQ:EH) is a pioneer Chinese company in the field of autonomous aerial vehicles (AAVs).
I chose EH stock because it can tick many boxes in an investor’s portfolio. It provides diversification benefits through its geographical operations in China, and, of course, it has multi-bagger potential on its own due to its small share price, market cap and explosive upside potential.
Although EH stock currently has a negative net income, it also managed to consistently close this gap toward profitability this year amid a growing top line. On a year-over-year basis, revenue is up 247.86%, and its net profit margin has surged by 74.68%.
However, EH stock has a significant undervalued edge due to the disparity between its trailing and forward price-to-sales ratio. Its trailing price-to-sales ratio stands at 98.9, while on a forward basis, it’s 22.14. That means Wall Street expects to see significant growth in its sales moving forward, and at just $17.37 per share at the time of writing, it represents great value for money.
Vertical Aerospace (EVTL)
Source: T. Schneider / Shutterstock.com
Vertical Aerospace (NYSE:EVTL) is a British aerospace manufacturer developing electric VTOL aircraft. I feel this company could mint new millionaires in the future, primarily due to how cheap its shares are now.
At just $0.79 per share, EVTL is an extremely high-risk, high-reward penny stock. But sometimes great opportunities can be found in these companies if investors are willing to gamble a little bit with a speculative play.
It should be noted that EVTL is currently unprofitable, recording a net operating loss of GBP 22 million last quarter. That cash burn required the company to undergo a capital raise near the end of the year for it to stay in business.
Still, it’s building a prototype that could give it a significant edge over its peers if successful. It also plans on launching its prototype for the next flight early next year.
For investors with sufficient risk tolerance, EVTL could be a golden ticket for riches if they play their cards right.
On the date of publication, Matthew Farley did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.
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The post 3 Flying Car Stocks to Turn $10,000 Into $1 Million: December 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although EH stock currently has a negative net income, it also managed to consistently close this gap toward profitability this year amid a growing top line. That means Wall Street expects to see significant growth in its sales moving forward, and at just $17.37 per share at the time of writing, it represents great value for money. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Flying Car Stocks to Turn $10,000 Into $1 Million: December 2023 appeared first on InvestorPlace.
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Joby Aviation (JOBY) Source: T. Schneider / Shutterstock.com Joby Aviation (NYSE:JOBY) is a company known for its work on electric aviation, specifically focusing on developing a flying car or air taxi. EHang Holdings (EH) Source: CNN EHang Holdings (NASDAQ:EH) is a pioneer Chinese company in the field of autonomous aerial vehicles (AAVs). Vertical Aerospace (EVTL) Source: T. Schneider / Shutterstock.com Vertical Aerospace (NYSE:EVTL) is a British aerospace manufacturer developing electric VTOL aircraft.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Flying car stocks have the potential to revolutionize how we think about air transportation and the role of vehicles. Joby Aviation (JOBY) Source: T. Schneider / Shutterstock.com Joby Aviation (NYSE:JOBY) is a company known for its work on electric aviation, specifically focusing on developing a flying car or air taxi. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Flying Car Stocks to Turn $10,000 Into $1 Million: December 2023 appeared first on InvestorPlace.
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So, if you’d like to know which of the three flying car stocks could make you rich in the future, read on. However, EH stock has a significant undervalued edge due to the disparity between its trailing and forward price-to-sales ratio. I feel this company could mint new millionaires in the future, primarily due to how cheap its shares are now.
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712559.0
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2023-12-12 00:00:00 UTC
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Why Farfetch Stock Is Plummeting Again This Week
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https://www.nasdaq.com/articles/why-farfetch-stock-is-plummeting-again-this-week
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Things are going from bad to worse for Farfetch (NYSE: FTCH) this week as investors continue to fear that a lack of emergency access to financing could doom the luxury fashion e-commerce company. This week's decline follows a sharp drop in the stock after shares plummeted more than 50% on Nov. 28 when Farfetch announced that it would not release its third-quarter earnings report as previously scheduled for Nov. 29. Such a delay can signal accounting irregularities, a pending acquisition, or other problems.
At the same time, reports began circulating that founder and CEO José Neves was aiming to take the company private, but he appears to be unable to secure the needed financing. Richemont, the Cartier parent and strategic partner of Farfetch, said earlier that it has no financial obligations to Farfetch and does not expect to lend to or invest in the e-commerce platform.
This week, the stock continued to sink as the company's future remained in limbo. As of Thursday at 2:15 p.m. ET, the e-commerce stock was down 40.7%, according to data from S&P Global Market Intelligence.
Image source: Getty Images.
Farfetch is still floundering
The major event that seemed to push Farfetch stock down this week was a downgrade from Moody's due to the cancellation of the earnings call. At this point, the longer Farfetch goes without a buyer or without reporting third-quarter earnings, the further the stock is likely to fall, as investors are dealing with a great deal of uncertainty.
Last week, the company announced that Alibaba President J. Michael Evans had resigned from the board as a result of the arm's length commercial relationship between Alibaba and Farfetch. Farfetch has not made any other filings with the SEC since then, though as a London-based company, it's not subject to the same reporting requirements as U.S. companies.
The stock did get a momentary boost on Wednesday on reports that Apollo Management was potentially interested in taking a stake in Farfetch.
What's next for Farfetch?
After a boom during the pandemic, Farfetch has struggled in the reopening with flat growth and mounting losses. The e-commerce company is now reportedly looking to secure $500 million in funding to stay afloat, but it's clearly struggling to find it.
While the e-commerce stock would soar on news of a rescue deal, it seems likely to fall further while investors await any news, especially since it's unclear why the company hasn't yet reported third-quarter earnings, which are now more than two weeks late.
Should you invest $1,000 in Farfetch right now?
Before you buy stock in Farfetch, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Farfetch wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group and Farfetch. 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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Things are going from bad to worse for Farfetch (NYSE: FTCH) this week as investors continue to fear that a lack of emergency access to financing could doom the luxury fashion e-commerce company. This week's decline follows a sharp drop in the stock after shares plummeted more than 50% on Nov. 28 when Farfetch announced that it would not release its third-quarter earnings report as previously scheduled for Nov. 29. At the same time, reports began circulating that founder and CEO José Neves was aiming to take the company private, but he appears to be unable to secure the needed financing.
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At this point, the longer Farfetch goes without a buyer or without reporting third-quarter earnings, the further the stock is likely to fall, as investors are dealing with a great deal of uncertainty. Before you buy stock in Farfetch, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Farfetch wasn’t one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jeremy Bowman has no position in any of the stocks mentioned.
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Farfetch is still floundering The major event that seemed to push Farfetch stock down this week was a downgrade from Moody's due to the cancellation of the earnings call. Before you buy stock in Farfetch, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Farfetch wasn’t one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jeremy Bowman has no position in any of the stocks mentioned.
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What's next for Farfetch? Before you buy stock in Farfetch, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Farfetch wasn’t one of them. The Motley Fool recommends Alibaba Group and Farfetch.
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dabcc51a-04c9-4a63-905a-520e6d815c88
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712560.0
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2023-12-12 00:00:00 UTC
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3 Heavily Undervalued Industrial Stocks to Buy in December
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https://www.nasdaq.com/articles/3-heavily-undervalued-industrial-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Industrial stocks have multiple, strong, positive catalysts at this point. Among these catalysts are falling interest rates, the continued resilience of consumers and economic and high government spending on infrastructure.
Moreover, the energy transition, the electric-vehicle revolution and even the proliferation of AI are helping industrial stocks. The first two changes are spurring increased mining activity, while a significant number of other industrial companies have benefited from the EV Revolution because they sell products that are incorporated into EVs.
Finally, many factories are being built to facilitate the energy transition and EV revolution, while a high number of data centers are under construction to enable the proliferation of AI. In fact, total spending on the construction of factories in the U.S. continues to set records, reaching a monthly total of $206.8 million in October, way up from $87.5 million in October of 2021.
Since many industrial companies sell products used in construction, a multitude of industrial stocks are getting a big lift from this important trend.
Aptiv (APTV)
Source: shutterstock.com
Aptiv (NYSE:APTV) develops technical components for vehicles, and it’s benefiting from multiple strong trends within the automotive sector. Specifically, it’s getting a lift from the electrification of vehicles, including the increasing popularity of both EVs and plug-in hybrids. Additionally APTV’s financial results are being boosted by the rapid proliferation of advanced driver assistance systems.
Aptiv’s third-quarter results were meaningfully hindered by the United Auto Workers’ strike which resulted in America’s automakers significantly cutting their production. Nevertheless, the firm’s Q3 revenue advanced 11% versus the same period a year earlier to $5.1 billion, while its net income came in at $2 billion, way up from $298 million during the same period a year earlier.
Also encouragingly, CEO Kevin Clark on Nov. 2 said, “We expect continued sequential margin expansion as the headwinds related to supply chain disruptions continue to dissipate, customer recoveries are closed and the benefits from further cost structure actions take hold.”
The forward price-to-earnings (P/E) ratio of APTV is a low and attractive 13.5x.
Caterpillar (CAT)
Source: astudio / Shutterstock.com
Caterpillar (NYSE:CAT) is benefiting a great deal from increased construction of factories and data centers in the U.S., high spending by governments on infrastructure, and huge jumps in the global mining of minerals used in EVs and renewable energy.
Partly as a result of those factors, CAT stock climbed nearly 20% between Oct. 31 and Dec. 13.
Also noteworthy is that on Nov. 21, Goldman Sachs identified CAT stock as one of the best 25 “beaten down cyclical stocks” to own.
Caterpillar’s shares have a very low forward price-to-earnings ratio of 13, while analysts, on average, expect the company’s 2024 earnings per share to come in at $20.59, versus the $14.24 of EPS that it generated in 2022.
Fluor (FLR)
Source: Trong Nguyen / Shutterstock.com
Fluor (NYSE:FLR) carries out the construction of large facilities. As a result, the company has benefited significantly from the huge increases in the amount of money spent on building factories in North America.
In fact, FLR recently won two multi-billion deals in Canada. Specifically, it was chosen to lead the second stage of the construction of BHP Billiton’s (NYSE:BHP) potash factory, and it was chosen to lead the “construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex” by Dow (NYSE:DOW).
Analysts, on average, expect Fluor’s earnings per share to jump to $2.84 next year from 82 cents in 2022. The forward P/E ration FLR stock is a very low 14x at this point.
On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
More From InvestorPlace
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Heavily Undervalued Industrial 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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Finally, many factories are being built to facilitate the energy transition and EV revolution, while a high number of data centers are under construction to enable the proliferation of AI. As a result, the company has benefited significantly from the huge increases in the amount of money spent on building factories in North America. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Heavily Undervalued Industrial Stocks to Buy in December appeared first on InvestorPlace.
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In fact, total spending on the construction of factories in the U.S. continues to set records, reaching a monthly total of $206.8 million in October, way up from $87.5 million in October of 2021. Caterpillar (CAT) Source: astudio / Shutterstock.com Caterpillar (NYSE:CAT) is benefiting a great deal from increased construction of factories and data centers in the U.S., high spending by governments on infrastructure, and huge jumps in the global mining of minerals used in EVs and renewable energy. Caterpillar’s shares have a very low forward price-to-earnings ratio of 13, while analysts, on average, expect the company’s 2024 earnings per share to come in at $20.59, versus the $14.24 of EPS that it generated in 2022.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Industrial stocks have multiple, strong, positive catalysts at this point. Since many industrial companies sell products used in construction, a multitude of industrial stocks are getting a big lift from this important trend. Caterpillar (CAT) Source: astudio / Shutterstock.com Caterpillar (NYSE:CAT) is benefiting a great deal from increased construction of factories and data centers in the U.S., high spending by governments on infrastructure, and huge jumps in the global mining of minerals used in EVs and renewable energy.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Industrial stocks have multiple, strong, positive catalysts at this point. The first two changes are spurring increased mining activity, while a significant number of other industrial companies have benefited from the EV Revolution because they sell products that are incorporated into EVs. Larry Ramer has conducted research and written articles on U.S. stocks for 15 years.
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2023-12-12 00:00:00 UTC
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Health Care Sector Update for 12/14/2023: GKOS, APLS, MRNA, MRK, RPHM
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https://www.nasdaq.com/articles/health-care-sector-update-for-12-14-2023%3A-gkos-apls-mrna-mrk-rphm
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Health care stocks were softer late Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding about 0.7%.
The iShares Biotechnology ETF (IBB) rose 0.8%.
In corporate news, Glaukos (GKOS) shares soared nearly 27% after the US Food and Drug Administration approved a new drug application for iDose TR to treat intraocular pressure in people with ocular hypertension.
Apellis Pharmaceuticals (APLS) disclosed Thursday a "negative trend vote" related to its marketing authorization application in Europe for intravitreal pegcetacoplan to treat geographic atrophy secondary to age-related macular degeneration. Its shares tumbled 19%.
Moderna (MRNA) shares popped almost 10% after the company shared positive data from a phase 2b trial of a cancer treatment it is testing with Merck (MRK). Merck was down 0.5%.
Reneo Pharmaceuticals (RPHM) sank 82% after it said Thursday that a study of mavodelpar in adults with primary mitochondrial myopathies failed to meet its primary or secondary efficacy endpoints.
The views and 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 corporate news, Glaukos (GKOS) shares soared nearly 27% after the US Food and Drug Administration approved a new drug application for iDose TR to treat intraocular pressure in people with ocular hypertension. Apellis Pharmaceuticals (APLS) disclosed Thursday a "negative trend vote" related to its marketing authorization application in Europe for intravitreal pegcetacoplan to treat geographic atrophy secondary to age-related macular degeneration. Reneo Pharmaceuticals (RPHM) sank 82% after it said Thursday that a study of mavodelpar in adults with primary mitochondrial myopathies failed to meet its primary or secondary efficacy endpoints.
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Health care stocks were softer late Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding about 0.7%. In corporate news, Glaukos (GKOS) shares soared nearly 27% after the US Food and Drug Administration approved a new drug application for iDose TR to treat intraocular pressure in people with ocular hypertension. Apellis Pharmaceuticals (APLS) disclosed Thursday a "negative trend vote" related to its marketing authorization application in Europe for intravitreal pegcetacoplan to treat geographic atrophy secondary to age-related macular degeneration.
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In corporate news, Glaukos (GKOS) shares soared nearly 27% after the US Food and Drug Administration approved a new drug application for iDose TR to treat intraocular pressure in people with ocular hypertension. Apellis Pharmaceuticals (APLS) disclosed Thursday a "negative trend vote" related to its marketing authorization application in Europe for intravitreal pegcetacoplan to treat geographic atrophy secondary to age-related macular degeneration. Moderna (MRNA) shares popped almost 10% after the company shared positive data from a phase 2b trial of a cancer treatment it is testing with Merck (MRK).
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Health care stocks were softer late Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding about 0.7%. The iShares Biotechnology ETF (IBB) rose 0.8%. Moderna (MRNA) shares popped almost 10% after the company shared positive data from a phase 2b trial of a cancer treatment it is testing with Merck (MRK).
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39ac39c6-5ff9-4aa2-948a-edd58289c53b
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712562.0
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2023-12-12 00:00:00 UTC
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Why Charles Schwab Stock Popped Today
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https://www.nasdaq.com/articles/why-charles-schwab-stock-popped-today
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Shares of Charles Schwab (NYSE: SCHW) were up 6.8% as of 3:15 p.m. ET Thursday after the financial services firm reported better-than-expected growth in total client assets last month.
Schwab's client assets return to growth
In a press release this morning, Charles Schwab announced its total client assets at month-end November 2023 were up 12% year over year, and up 7% sequentially (from $7.65 billion in October) to $8.18 trillion. Meanwhile, Charles Schwab's core net new assets grew by $21.7 billion last month. Transactional sweep cash (or cash from accounts that automatically transfer funds into higher-interest accounts at the close of each business day) also grew by $5 billion sequentially to $402.9 billion -- the metric's biggest increase since March 2022.
The shift is encouraging for Charles Schwab, in particular, as the firm had seen total client assets decline sequentially for the past four straight months since peaking at $8.24 billion in July.
What's next for Charles Schwab stock?
Even so, Charles Schwab also told investors to expect full-year 2023 revenue to decline by 9.5% to 10% from 2022, hurt by a combination of lower transactional cash levels, lower trading volumes, and "subdued securities lending activity." That outlook was technically below analysts' consensus estimates, which call for 2023 revenue to fall a more modest 8.4%.
If the tide is truly shifting in Charles Schwab's favor, however -- and with shares of the leading financials stock still down 15% year to date even after today's pop -- it's easy to understand why investors are willing to overlook its underwhelming near-term guidance today.
Should you invest $1,000 in Charles Schwab right now?
Before you buy stock in Charles Schwab, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charles Schwab 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
Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. Steve Symington has no position in any of the stocks mentioned. The Motley Fool recommends Charles Schwab and recommends the following options: short December 2023 $52.50 puts on Charles Schwab. 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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ET Thursday after the financial services firm reported better-than-expected growth in total client assets last month. Schwab's client assets return to growth In a press release this morning, Charles Schwab announced its total client assets at month-end November 2023 were up 12% year over year, and up 7% sequentially (from $7.65 billion in October) to $8.18 trillion. The shift is encouraging for Charles Schwab, in particular, as the firm had seen total client assets decline sequentially for the past four straight months since peaking at $8.24 billion in July.
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ET Thursday after the financial services firm reported better-than-expected growth in total client assets last month. Before you buy stock in Charles Schwab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charles Schwab wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Charles Schwab is an advertising partner of The Ascent, a Motley Fool company.
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Schwab's client assets return to growth In a press release this morning, Charles Schwab announced its total client assets at month-end November 2023 were up 12% year over year, and up 7% sequentially (from $7.65 billion in October) to $8.18 trillion. Before you buy stock in Charles Schwab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charles Schwab wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Charles Schwab is an advertising partner of The Ascent, a Motley Fool company.
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Meanwhile, Charles Schwab's core net new assets grew by $21.7 billion last month. What's next for Charles Schwab stock? The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
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712563.0
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2023-12-12 00:00:00 UTC
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3 Stocks to Ride the Holiday Shopping Wave: Retail Winners for Q4 2023
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https://www.nasdaq.com/articles/3-stocks-to-ride-the-holiday-shopping-wave%3A-retail-winners-for-q4-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Black Friday spending (however that’s defined these days) was better than expected. And many of the best-performing companies in late November will be retail stock winners as the year comes to an end.
But this holiday shopping season is a reminder that two things can be true at the same time. One truth of December 2023 is that the consumer is getting tapped out. A common theme among retailers is that consumers at all income levels are clearly prioritizing staple needs over discretionary wants.
The second truth, however, is that the retail space is changing. The November jobs report showed a decline in retail hiring. That just continues a trend towards e-commerce that was growing before 2020 but has become the preferred way of shopping for many consumers.
And underlying the growth of e-commerce will be artificial intelligence (AI). As retailers look for cost savings and optimizing inventory, AI will take on a greater role.
Here are three potential retail stock winners that you can confidently add to your portfolio before the calendar turns to 2024.
Amazon (AMZN)
Source: Tada Images / Shutterstock.com
Amazon (NASDAQ:AMZN) has been on a tear this year. But most of that is not due to its e-commerce division. Rather, the story has been how Amazon is building AI into its Amazon Web Services (AWS) business.
Nevertheless, if the kickoff to the holiday shopping season is any indication, Amazon may be ready to remind investors that you shouldn’t overlook its e-commerce strength. According to Reuters, Amazon recorded $38 billion of U.S. online sales during the five-day period from Thanksgiving through Cyber Monday.
As Will Ashworth correctly notes, AWS is the profit driver at Amazon. However, in the last quarter of 2023 and into 2024, we may see the beginning of the company blending these two in a bullish way.
In an article for The Drum, Jeriad Zoghby, chief commerce strategy officer at IPG, noted how advertisers and investors are beginning to put all the pieces of the Amazon ecosystem together. That ecosystem includes streaming, gaming, social media, podcasts, music – not to mention e-commerce – all with first-party data already included. And AI will be a big driver of that activity.
As those pieces get put together, institutional investors are more likely to overlook the 73.6% gain in AMZN stock and bid the stock higher. That makes now an ideal time to get on board.
DICK’S Sporting Goods (DKS)
Source: George Sheldon via Shutterstock
In the third quarter, DICK’S Sporting Goods (NYSE:DKS) delivered EPS of $2.85 per share on revenue of $3.04 billion. Both numbers were better year-over-year (YOY). The company also raised its earnings guidance for the full year to $12.00 to $12.60 from $11.50 to $12.30.
The November jobs report showed a decline of 38,400 jobs in the retail sector. That makes it noteworthy that DICK’s announced plans to hire 8,600 seasonal workers. It remains to be seen if the company will hit those numbers, but it may reflect a belief that the company’s third quarter earnings report was just the beginning.
The company has exhibited strength in the past three years primarily due to the development of its omnichannel capabilities. That, and the company’s strong private label brands, are two reasons to believe the company will deliver strong holiday sales.
On November 27, Truist Financial (NYSE:TFC) reiterated its Buy rating on DKS stock and raised its price target to $154. That followed another bullish call by Morgan Stanley (NYSE:MS) who raised their target for DICK’S stock to $150. Both numbers are significantly higher than the consensus target of $144.27.
Costco (COST)
Source: ARTYOORAN / Shutterstock.com
Costco (NASDAQ:COST) is last on this list of retail stock winners. The company has continued to deliver higher YOY revenue and earnings despite what were expected to be tough comparisons to 2022. And in November, the company reported a 5% YOY increase in sales to $20.10 billion.
It’s important to note that Costco is overdue for an increase in its membership fee. The anticipated increase didn’t happen as expected in 2023. But Costco CFO Richard Galanti noted that an increase will happen “at some point” without specifying when that would occur.
Such a hike, which industry experts predict will raise the base membership to $65 from $60 is unlikely to have an impact on customer retention. However, that $5 increase across the company’s membership base would result in an additional $1 billion that goes right to the bottom line.
COST stock trades hands at $629.50 a share as of this writing. It also comes with a premium valuation of 39x forward earnings. However, the company continues to justify its premium valuation. In the last year, the stock is up 36%. And while a dividend yield of just 0.65% is nothing to excite investors, it does have a $4.08 annual payout per share that has been growing for 20 years.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
More From InvestorPlace
The #1 AI Investment Might Be This Company You’ve Never Heard Of
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Stocks to Ride the Holiday Shopping Wave: Retail Winners for Q4 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In an article for The Drum, Jeriad Zoghby, chief commerce strategy officer at IPG, noted how advertisers and investors are beginning to put all the pieces of the Amazon ecosystem together. On November 27, Truist Financial (NYSE:TFC) reiterated its Buy rating on DKS stock and raised its price target to $154. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks to Ride the Holiday Shopping Wave: Retail Winners for Q4 2023 appeared first on InvestorPlace.
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The November jobs report showed a decline in retail hiring. DICK’S Sporting Goods (DKS) Source: George Sheldon via Shutterstock In the third quarter, DICK’S Sporting Goods (NYSE:DKS) delivered EPS of $2.85 per share on revenue of $3.04 billion. Costco (COST) Source: ARTYOORAN / Shutterstock.com Costco (NASDAQ:COST) is last on this list of retail stock winners.
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And many of the best-performing companies in late November will be retail stock winners as the year comes to an end. It remains to be seen if the company will hit those numbers, but it may reflect a belief that the company’s third quarter earnings report was just the beginning. Costco (COST) Source: ARTYOORAN / Shutterstock.com Costco (NASDAQ:COST) is last on this list of retail stock winners.
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The company has continued to deliver higher YOY revenue and earnings despite what were expected to be tough comparisons to 2022. And in November, the company reported a 5% YOY increase in sales to $20.10 billion. In the last year, the stock is up 36%.
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2023-12-12 00:00:00 UTC
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US STOCKS-S&P 500 ends higher as investors bet on lower rates
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https://www.nasdaq.com/articles/us-stocks-sp-500-ends-higher-as-investors-bet-on-lower-rates
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By Caroline Valetkevitch and Noel Randewich
NEW YORK, Dec 14 (Reuters) - The S&P 500 closed higher on Thursday on optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve.
Trading was mixed for much of the session, with Apple AAPL.O giving up gains after hitting an intraday record high.
Tesla TSLA.Oshares surged, with over $37 billion worth changing hands.
Sectors that have underperformed this year also rose, including energy and real estate.
Investors were closely watching 10-year Treasury yields, which broke below 4% for the first time since early August in the wake of the Fed statement. They were last down at 3.94%.
"The market by any measure and any metric is overbought and has been overbought, and a consolidation or a pause has been expected, especially after yesterday's surge," said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina.
"While the market celebrates lower rates, it can question why yields are below 4%" as investors weigh the economic outlook, she added.
AdobeADBE.O fell after the Photoshop maker forecast annual and quarterly revenue below estimates.
U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start, further alleviating fears of a recession, the Commerce Department reported on Thursday.
Fed rate cut expectations https://tmsnrt.rs/41oElWr
S&P 500's busiest trades https://tmsnrt.rs/3TvGPRf
(Additional reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai and Richard Chang)
((caroline.valetkevitch@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 Caroline Valetkevitch and Noel Randewich NEW YORK, Dec 14 (Reuters) - The S&P 500 closed higher on Thursday on optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve. U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start, further alleviating fears of a recession, the Commerce Department reported on Thursday. Fed rate cut expectations https://tmsnrt.rs/41oElWr S&P 500's busiest trades https://tmsnrt.rs/3TvGPRf (Additional reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai and Richard Chang) ((caroline.valetkevitch@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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Sectors that have underperformed this year also rose, including energy and real estate. Investors were closely watching 10-year Treasury yields, which broke below 4% for the first time since early August in the wake of the Fed statement. Fed rate cut expectations https://tmsnrt.rs/41oElWr S&P 500's busiest trades https://tmsnrt.rs/3TvGPRf (Additional reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai and Richard Chang) ((caroline.valetkevitch@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 Caroline Valetkevitch and Noel Randewich NEW YORK, Dec 14 (Reuters) - The S&P 500 closed higher on Thursday on optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve. "The market by any measure and any metric is overbought and has been overbought, and a consolidation or a pause has been expected, especially after yesterday's surge," said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina. Fed rate cut expectations https://tmsnrt.rs/41oElWr S&P 500's busiest trades https://tmsnrt.rs/3TvGPRf (Additional reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai and Richard Chang) ((caroline.valetkevitch@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 Caroline Valetkevitch and Noel Randewich NEW YORK, Dec 14 (Reuters) - The S&P 500 closed higher on Thursday on optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve. Trading was mixed for much of the session, with Apple AAPL.O giving up gains after hitting an intraday record high. Tesla TSLA.Oshares surged, with over $37 billion worth changing hands.
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b3b40e8e-2cc3-4e96-bdc4-29fcc9966a1a
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712565.0
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2023-12-12 00:00:00 UTC
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Why Super Micro Computer Rocketed Higher Today
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https://www.nasdaq.com/articles/why-super-micro-computer-rocketed-higher-today
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Shares of Super Micro Computer (NASDAQ: SMCI) were rallying on Thursday, up a whopping 7.5% on the day as of 2:35 p.m. ET.
Unlike many other beaten-down stocks that are rallying today, Super Micro had already appreciated mightily in 2023, up a whopping 233% on the year. Still, the stock remains about 25% below its early August highs. So the prospects of lower interest rates and an economic "soft landing" appear to be spurring a "risk on" mentality in cyclical stocks, such as financials, industrials, and, in the case of Super Micro, technology hardware.
In addition, Super Micro issued a press release today highlighting new availability of servers built with the new Intel (NASDAQ: INTC) fifth-generation Xeon server processor, perhaps incrementally increasing excitement for this AI stock.
Super Micro has become a growth stock that likes lower interest rates
Two years ago, Super Micro computer was known as just a cyclical hardware maker, without much differentiated technology, garnering an exceptionally low multiple.
But over the past two years, Super Micro's revenue and earnings have accelerated mightily, as the artificial intelligence revolution has awoken investors to the company's differentiated products. Super Micro's unique "building block" architecture, which allows for mass customization, as well as its industry-leading energy-efficient designs have found favor among customers in the age of AI.
As such, Super Micro's P/E multiple has expanded even as its earnings per share have rocketed higher, leading to outsized gains.
SMCI PE Ratio data by YCharts
Of course, a higher multiple makes Super Micro's stock more sensitive to long-term interest rates, as long-term interest rates will discount future earnings by a greater amount than current earnings. And if short-term rates remain high, that could limit Super Micro's customers' ability to invest in AI servers.
That's why yesterday's Federal Reserve meeting and subsequent press conference with Fed Chair Jay Powell is propelling Super Micro's stock higher. At Wednesday's meeting, the Fed appeared to ease off expectations for more rate increases and even increased the outlook for three rate cuts next year, above Wall Street's expectations of just two. Furthermore, Powell noted the Fed would not require a recession to begin lowering rates.
Super Micro, despite its sterling business and stock performance this year, appears to be regarded as "risky" by many investors and is likely benefiting from today's "risk on" sentiment in the wake of yesterday's meeting.
In addition, Super Micro issued a press release today noting the availability of AI servers containing Intel's new fifth-generation CPU, formerly codenamed Emerald Rapids. The new chips enable a 36% improvement in performance-per-watt over Intel's already-popular fourth-gen chips, according to third-party researcher Openfoam. Not only are these servers available with the other popular GPUs, but the new Super Micro servers also incorporate Intel's Max GPUs, which Intel hopes can challenge the dominant AI GPU leader Nvidia.
One of Super Micro's competitive advantages is a faster time to market than other server companies, due the agility of its building block architecture. So today's press release appears to be an example of that.
Super Micro is still reasonably valued
While Super Micro's 27 P/E multiple appears expensive for a server maker, management expects big-time growth in the year ahead. The company's recently raised guidance for $10.5 billion in fiscal 2024 revenue equates to about 48% growth over 2023, as the AI revolution continues apace.
Given the apparent large growth opportunity this year and beyond, Super Micro remains one of the top stocks to benefit from the artificial intelligence trend.
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Billy Duberstein has positions in Super Micro Computer and has the following options: short January 2025 $110 puts on Super Micro Computer, short January 2025 $125 puts on Super Micro Computer, short January 2025 $130 puts on Super Micro Computer, short January 2025 $280 calls on Super Micro Computer, short January 2025 $380 calls on Super Micro Computer, and short January 2025 $85 puts on Super Micro Computer. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Intel and Super Micro Computer and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So the prospects of lower interest rates and an economic "soft landing" appear to be spurring a "risk on" mentality in cyclical stocks, such as financials, industrials, and, in the case of Super Micro, technology hardware. Super Micro, despite its sterling business and stock performance this year, appears to be regarded as "risky" by many investors and is likely benefiting from today's "risk on" sentiment in the wake of yesterday's meeting. In addition, Super Micro issued a press release today noting the availability of AI servers containing Intel's new fifth-generation CPU, formerly codenamed Emerald Rapids.
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In addition, Super Micro issued a press release today noting the availability of AI servers containing Intel's new fifth-generation CPU, formerly codenamed Emerald Rapids. See the 10 stocks *Stock Advisor returns as of 12/11/2023 Billy Duberstein has positions in Super Micro Computer and has the following options: short January 2025 $110 puts on Super Micro Computer, short January 2025 $125 puts on Super Micro Computer, short January 2025 $130 puts on Super Micro Computer, short January 2025 $280 calls on Super Micro Computer, short January 2025 $380 calls on Super Micro Computer, and short January 2025 $85 puts on Super Micro Computer. The Motley Fool recommends Intel and Super Micro Computer and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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Super Micro has become a growth stock that likes lower interest rates Two years ago, Super Micro computer was known as just a cyclical hardware maker, without much differentiated technology, garnering an exceptionally low multiple. See the 10 stocks *Stock Advisor returns as of 12/11/2023 Billy Duberstein has positions in Super Micro Computer and has the following options: short January 2025 $110 puts on Super Micro Computer, short January 2025 $125 puts on Super Micro Computer, short January 2025 $130 puts on Super Micro Computer, short January 2025 $280 calls on Super Micro Computer, short January 2025 $380 calls on Super Micro Computer, and short January 2025 $85 puts on Super Micro Computer. The Motley Fool recommends Intel and Super Micro Computer and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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Super Micro has become a growth stock that likes lower interest rates Two years ago, Super Micro computer was known as just a cyclical hardware maker, without much differentiated technology, garnering an exceptionally low multiple. And if short-term rates remain high, that could limit Super Micro's customers' ability to invest in AI servers. So today's press release appears to be an example of that.
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71a231ec-2739-47a0-b68f-c35b0ea3d462
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712566.0
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2023-12-12 00:00:00 UTC
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United States Steel sees fourth-quarter profit above estimates
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https://www.nasdaq.com/articles/united-states-steel-sees-fourth-quarter-profit-above-estimates
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Adds details and background throughout
Dec 14 (Reuters) - United States Steel X.N on Thursday said it expects its fourth quarter profit above analysts' expectations.
Steel companies are set for a strong start to 2024 as prices spike following a resolution of the United Auto Workers (UAW) union strike against the Detroit Three automakers.
The company said it expects net earnings per share in the range of 20 cents to 25 cents, above analysts average expectation of 19 cents per share, according to LSEG data.
It also forecast quarterly EBITDA at about $250 million, above estimates of $236.70 million.
(Reporting by Jaiveer Singh Shekhawat and Arunima Kumar in Bengaluru)
((JaiveerSingh.Shekhawat@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details and background throughout Dec 14 (Reuters) - United States Steel X.N on Thursday said it expects its fourth quarter profit above analysts' expectations. Steel companies are set for a strong start to 2024 as prices spike following a resolution of the United Auto Workers (UAW) union strike against the Detroit Three automakers. (Reporting by Jaiveer Singh Shekhawat and Arunima Kumar in Bengaluru) ((JaiveerSingh.Shekhawat@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details and background throughout Dec 14 (Reuters) - United States Steel X.N on Thursday said it expects its fourth quarter profit above analysts' expectations. Steel companies are set for a strong start to 2024 as prices spike following a resolution of the United Auto Workers (UAW) union strike against the Detroit Three automakers. The company said it expects net earnings per share in the range of 20 cents to 25 cents, above analysts average expectation of 19 cents per share, according to LSEG data.
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Adds details and background throughout Dec 14 (Reuters) - United States Steel X.N on Thursday said it expects its fourth quarter profit above analysts' expectations. The company said it expects net earnings per share in the range of 20 cents to 25 cents, above analysts average expectation of 19 cents per share, according to LSEG data. (Reporting by Jaiveer Singh Shekhawat and Arunima Kumar in Bengaluru) ((JaiveerSingh.Shekhawat@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details and background throughout Dec 14 (Reuters) - United States Steel X.N on Thursday said it expects its fourth quarter profit above analysts' expectations. Steel companies are set for a strong start to 2024 as prices spike following a resolution of the United Auto Workers (UAW) union strike against the Detroit Three automakers. The company said it expects net earnings per share in the range of 20 cents to 25 cents, above analysts average expectation of 19 cents per share, according to LSEG data.
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712567.0
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2023-12-12 00:00:00 UTC
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Thursday Sector Leaders: Energy, Materials
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https://www.nasdaq.com/articles/thursday-sector-leaders%3A-energy-materials-3
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The best performing sector as of midday Thursday is the Energy sector, up 2.5%. Within that group, Schlumberger Ltd (Symbol: SLB) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 5.6% and 3.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 2.6% on the day, and up 2.70% year-to-date. Schlumberger Ltd, meanwhile, is up 2.78% year-to-date, and Devon Energy Corp., is down 18.91% year-to-date. Combined, SLB and DVN make up approximately 6.3% of the underlying holdings of XLE.
The next best performing sector is the Materials sector, up 2.3%. Among large Materials stocks, Mohawk Industries, Inc. (Symbol: MHK) and Freeport-McMoran Copper & Gold (Symbol: FCX) are the most notable, showing a gain of 10.6% and 6.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.5% in midday trading, and up 11.33% on a year-to-date basis. Mohawk Industries, Inc., meanwhile, is up 0.97% year-to-date, and Freeport-McMoran Copper & Gold is up 11.85% year-to-date. FCX makes up approximately 5.8% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, eight sectors are up on the day, while one sector is down.
SECTOR % CHANGE
Energy +2.5%
Materials +2.3%
Financial +2.0%
Technology & Communications +1.0%
Industrial +1.0%
Consumer Products +0.9%
Services +0.7%
Healthcare +0.7%
Utilities -0.9%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
UIHC Stock Predictions
KEMQ Options Chain
CBS Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, SLB and DVN make up approximately 6.3% of the underlying holdings of XLE. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. Energy +2.5% Materials +2.3% Financial +2.0% Technology & Communications +1.0% Industrial +1.0% Consumer Products +0.9% Services +0.7% Healthcare +0.7% Utilities -0.9% 10 ETFs With Stocks That Insiders Are Buying » Also see: UIHC Stock Predictions KEMQ Options Chain CBS Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within that group, Schlumberger Ltd (Symbol: SLB) and Devon Energy Corp. (Symbol: DVN) are two large stocks leading the way, showing a gain of 5.6% and 3.6%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 2.6% on the day, and up 2.70% year-to-date. Among large Materials stocks, Mohawk Industries, Inc. (Symbol: MHK) and Freeport-McMoran Copper & Gold (Symbol: FCX) are the most notable, showing a gain of 10.6% and 6.7%, respectively.
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Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 2.6% on the day, and up 2.70% year-to-date. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.5% in midday trading, and up 11.33% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday.
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The best performing sector as of midday Thursday is the Energy sector, up 2.5%. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 2.6% on the day, and up 2.70% year-to-date. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.5% in midday trading, and up 11.33% on a year-to-date basis.
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2023-12-12 00:00:00 UTC
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Year-End IRA Contributions? 3 Stocks to Enhance Your Portfolio.
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https://www.nasdaq.com/articles/year-end-ira-contributions-3-stocks-to-enhance-your-portfolio.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Now is a good time for investors to prepare for the New Year. Looking to maximize IRA or 401(k) contributions before the year ends can ensure a healthy portfolio ready to tackle individuals’ needs in retirement. This has led to this list of IRA contribution stocks.
However, the question is how to find high-quality stocks with strong track records and promising long-term prospects to put in an IRA. After all, thousands of stocks are on the market, with many promising options to consider.
In creating a list of IRA-worthy stocks, I’ve picked three that have historically provided either excellent returns over the long-term, alongside dividend growth (the first two), or growth-related upside potential that may be worth taking some near-term risk (the last pick on this list).
Without further ado, let’s dive in.
Pepsi (PEP)
Source: FotograFFF / Shutterstock
PepsiCo (NASDAQ:PEP) is an attractive stock partly due to the company’s consistent and growing dividend. Currently, PEP stock provides shareholders with a quarterly payout of $1.27 per share, resulting in a 3% annualized yield. As a “Dividend Aristocrat,” PepsiCo has consistently increased dividends for over 25 years. The company’s recent financial performance, with Q3 earnings per share of $2.24 and revenue of $23.45 billion, surpassed expectations.
Despite a recent pullback, PepsiCo is well-positioned for growth, aiming for a 13% annual earnings increase in 2023. This, along with its diversified product portfolio and consistent financial performance, makes PEP stock an appealing choice for investors.
A renowned and stable player in the industry, PepsiCo boasts diversified operations and consistent sales growth. PepsiCo’s Board of Directors declared a quarterly dividend of $1.265 per share, reflecting a 10% increase from the previous year. This aligns with PepsiCo’s annualized dividend rise to $5.06 per share. The dividend will be paid on January 5, 2024, to shareholders of record as of December 1, 2023. This marks PepsiCo’s 51st consecutive annual dividend increase, highlighting its commitment to shareholder returns.
Microsoft (MSFT)
Source: Asif Islam / Shutterstock.com
Microsoft’s (NASDAQ:MSFT) stock has surged impressively this year, with MSFT stock making an impressive 12.6% gain over the last month, including a 5% gain in the past week alone. This move has resulted in MSFT stock hitting a record high of more than $384 per share. Under Satya Nadella’s leadership, the tech giant now boasts a $2.75 trillion market cap.
Year to date, the stock has soared 54%, outpacing the S&P 500’s 17% increase. Microsoft’s Q1 2024 earnings report exceeded expectations, particularly in its Azure cloud unit, contributing to Q1 revenues of $56.5 billion, beating consensus estimates by 4% and showcasing a robust 13% year-over-year growth. This makes it one of those IRA contribution stocks to consider.
Microsoft’s Q1 2024 earnings showcased impressive results, beating revenue expectations with $56.5 billion, a 13% year-over-year growth. Strong demand for personal computing, intelligent cloud, and productivity segments contributed to these results.
Azure revenue surged nearly 30%, surpassing guidance. Profits reached $40.2 billion, driven by a 16% increase in gross profit, leading to a 25% year-over-year rise in operating income at $26.9 billion. Notably, these numbers exceeded consensus by 12%, highlighting Microsoft’s efficient management.
Zoom Communications (ZM)
Source: Girts Ragelis / Shutterstock.com
Before gaining pandemic fame, Zoom Video Communications (NASDAQ:ZM) was already making strides with its web conferencing platform. Going public in 2019, its innovative features propelled popularity and stock value, establishing it as a key player in remote work solutions.
Zoom faced a 10% year-long return drop but demonstrated strong financials. In Q3, total revenue reached $1.14 billion, up by 3.2%, with enterprise revenue rising 7.5%. Fiscal year 2024 projects total revenue between $4.51 billion and $4.51 billion, highlighting Zoom’s growth strategy.Zoomtopia 2023 showcased Zoom’s innovation with new products like Zoom Docs and AI-enhanced meeting tools, emphasizing collaboration improvement.
Advances in customer support and event management tools position Zoom as a multifaceted tech powerhouse, demonstrating dedication to technological excellence. With steady financial growth, Zoom presents itself as one of those promising IRA contribution stocks in the tech sector for long-term investors to consider.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
More From InvestorPlace
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post Year-End IRA Contributions? 3 Stocks to Enhance Your Portfolio. 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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Microsoft’s Q1 2024 earnings report exceeded expectations, particularly in its Azure cloud unit, contributing to Q1 revenues of $56.5 billion, beating consensus estimates by 4% and showcasing a robust 13% year-over-year growth. Advances in customer support and event management tools position Zoom as a multifaceted tech powerhouse, demonstrating dedication to technological excellence. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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Microsoft (MSFT) Source: Asif Islam / Shutterstock.com Microsoft’s (NASDAQ:MSFT) stock has surged impressively this year, with MSFT stock making an impressive 12.6% gain over the last month, including a 5% gain in the past week alone. Microsoft’s Q1 2024 earnings showcased impressive results, beating revenue expectations with $56.5 billion, a 13% year-over-year growth. Fiscal year 2024 projects total revenue between $4.51 billion and $4.51 billion, highlighting Zoom’s growth strategy.Zoomtopia 2023 showcased Zoom’s innovation with new products like Zoom Docs and AI-enhanced meeting tools, emphasizing collaboration improvement.
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Microsoft (MSFT) Source: Asif Islam / Shutterstock.com Microsoft’s (NASDAQ:MSFT) stock has surged impressively this year, with MSFT stock making an impressive 12.6% gain over the last month, including a 5% gain in the past week alone. Fiscal year 2024 projects total revenue between $4.51 billion and $4.51 billion, highlighting Zoom’s growth strategy.Zoomtopia 2023 showcased Zoom’s innovation with new products like Zoom Docs and AI-enhanced meeting tools, emphasizing collaboration improvement. With steady financial growth, Zoom presents itself as one of those promising IRA contribution stocks in the tech sector for long-term investors to consider.
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As a “Dividend Aristocrat,” PepsiCo has consistently increased dividends for over 25 years. Microsoft’s Q1 2024 earnings report exceeded expectations, particularly in its Azure cloud unit, contributing to Q1 revenues of $56.5 billion, beating consensus estimates by 4% and showcasing a robust 13% year-over-year growth. With steady financial growth, Zoom presents itself as one of those promising IRA contribution stocks in the tech sector for long-term investors to consider.
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2023-12-12 00:00:00 UTC
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After Hours Most Active for Dec 14, 2023 : C, NCLH, CMCSA, RDFN, TD, KDP, U, VZ, PENN, BMY, CSCO, AMZN
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https://www.nasdaq.com/articles/after-hours-most-active-for-dec-14-2023-%3A-c-nclh-cmcsa-rdfn-td-kdp-u-vz-penn-bmy-csco-amzn
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The NASDAQ 100 After Hours Indicator is down -9.18 to 16,528.65. The total After hours volume is currently 123,688,278 shares traded.
The following are the most active stocks for the after hours session:
Citigroup Inc. (C) is unchanged at $50.24, with 4,247,232 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2024. The consensus EPS forecast is $1.41. C's current last sale is 101.49% of the target price of $49.5.
Norwegian Cruise Line Holdings Ltd. (NCLH) is -0.05 at $20.30, with 3,551,805 shares traded. NCLH's current last sale is 119.41% of the target price of $17.
Comcast Corporation (CMCSA) is unchanged at $44.64, with 3,229,106 shares traded. As reported by Zacks, the current mean recommendation for CMCSA is in the "buy range".
Redfin Corporation (RDFN) is +0.03 at $9.79, with 3,065,315 shares traded. RDFN's current last sale is 139.86% of the target price of $7.
Toronto Dominion Bank (The) (TD) is unchanged at $62.92, with 3,009,778 shares traded. TD's current last sale is 96.08% of the target price of $65.485.
Keurig Dr Pepper Inc. (KDP) is -0.01 at $32.20, with 2,946,166 shares traded. As reported by Zacks, the current mean recommendation for KDP is in the "buy range".
Unity Software Inc. (U) is -0.15 at $38.13, with 2,861,747 shares traded. U's current last sale is 131.48% of the target price of $29.
Verizon Communications Inc. (VZ) is unchanged at $37.87, with 2,660,569 shares traded. VZ's current last sale is 92.37% of the target price of $41.
PENN Entertainment, Inc. (PENN) is unchanged at $26.17, with 2,498,861 shares traded. PENN's current last sale is 90.24% of the target price of $29.
Bristol-Myers Squibb Company (BMY) is unchanged at $51.47, with 2,411,908 shares traded. BMY's current last sale is 85.78% of the target price of $60.
Cisco Systems, Inc. (CSCO) is -0.13 at $49.31, with 2,362,573 shares traded. CSCO's current last sale is 89.65% of the target price of $55.
Amazon.com, Inc. (AMZN) is unchanged at $147.42, with 2,335,115 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2024. Toronto Dominion Bank (The) (TD) is unchanged at $62.92, with 3,009,778 shares traded. Bristol-Myers Squibb Company (BMY) is unchanged at $51.47, with 2,411,908 shares traded.
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As reported by Zacks, the current mean recommendation for CMCSA is in the "buy range". As reported by Zacks, the current mean recommendation for KDP is in the "buy range". As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
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Citigroup Inc. (C) is unchanged at $50.24, with 4,247,232 shares traded. PENN Entertainment, Inc. (PENN) is unchanged at $26.17, with 2,498,861 shares traded. Amazon.com, Inc. (AMZN) is unchanged at $147.42, with 2,335,115 shares traded.
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NCLH's current last sale is 119.41% of the target price of $17. Comcast Corporation (CMCSA) is unchanged at $44.64, with 3,229,106 shares traded. Amazon.com, Inc. (AMZN) is unchanged at $147.42, with 2,335,115 shares traded.
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712570.0
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2023-12-12 00:00:00 UTC
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WisdomTree’s Professor Siegel on Market Outlook
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https://www.nasdaq.com/articles/wisdomtrees-professor-siegel-on-market-outlook
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With 2023 drawing to a close, the time has come once again to take a longer look at what next year might bring. As part of VettaFi’s 2024 Market Outlook Symposium, Vettafi Vice Chairman Robert Huebscher sat down with Professor Jeremy Siegel to discuss. Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School, who also serves as WisdomTree’s senior economist, took the time to share his thoughts on the 2024 market outlook.
The pair’s conversation followed recent dovish signaling from the Fed. For Siegel, 2023 saw a “tale of two markets” take place, with the so-called Magnificent Seven on one side and styles like value on the other. In 2024, he believes, markets will see a reversal, with value and small stocks shedding their lethargy as part of his market outlook.
“I’m not saying these large stocks won’t do well, they've got incredible franchises and growth prospects, but I’m bullish and I’m going to say they're 10% to 15% from today’s level toward the end of 2024,” Siegel said.
Inflation, the Fed, and the Market Outlook
The pair turned to Siegel’s ongoing coverage of the Fed’s battle with inflation, with Huebscher asking Siegel to share his 2024 inflation market outlook. For Siegel, the money-supply drop was concerning, welcoming the Fed’s recent dovish signaling given what he sees as a need for cuts next year.
“Why has inflation gone down? Because of high interest rates and lower money-supply growth. I think the supply side normalized earlier so I’m going to give it to the tightness of the money supply,” he said. “I would’ve stopped decreasing it earlier, but I’ve been surprised by the resistance of the economy to the money supply and the higher real interest rates.”
“The indications for a soft landing are certainly increasing and I would say are odds on now for 2024,” he added.
Huebscher underlined Siegel’s accurate prediction of about 3% growth for 2023, turning toward the possibility of a recession next year and what growth may look like then. They also talked about the future of the 10-year yield, for example, as part of an overall market outlook.
Siegel shared that he believes the 10-year won’t drop to 2%, 2.5%, with people more suspicious about the hedging ability of bonds. He believes, then, that the 10-year will land between 3.5% and 4%.
“Inflation is coming down, commodities are coming down. That puts downward pressure on the long rate and induces the Fed to lower that short term interest rate," Siegel noted.
TIPS and Housing Ahead
Huebscher responded, asking if real rates do come down, what would that mean for stocks. To Professor Siegel, TIPS may hit about 1% or 1.5%, with inflation fears priced into bond yields and even TIPS yields. That comes with a new 3.5% equilibrium for inflation.
“I’m looking for TIPS much closer to that 1%, 1.5%. I don’t think we’re going back to that zero we had before the pandemic,” he explained.
Turning to housing, the duo assessed the current CAPE Shiller index and housing prices. Siegel, who has spoken to Professor Shiller, shared that the high end of the market is still seeing cash transactions doing very well. At the lower end, there have been fewer transactions, not holding up as well as the upper end.
“The CAPE-Shiller is overstating what has happened to housing. We’ve had a huge surge, a 35% increase in housing prices from the pandemic over the next two to two and half years,” he said. “The recent increase has been a distortion because of the factors you mentioned, that the lower-priced houses that need financing are not getting into that index.”
“However, if prices keep going down and there is a shortage of housing, housing starts are low … there won’t be a boom like 2020. But I would imagine we could have a rise in housing prices of 4% or 5% in 2024.”
Growth Stocks in the 2024 Market Outlook
The pair also discussed what sectors may be over- or undervalued. 2023 was a year for growth stocks, unusually to Siegel, as this is one of the very few times in which the new bull market was led by the leadership from the previous.
“Now we obviously, minus the speculation … the speculation that the pandemic darlings like Peloton (PTON), some of the craziness in the crypto market, some of the craziness in the NFT market, that’s gone,” he said. “The quality growth stocks reasserted themselves, the Googles (GOOGL), the Nvidias (NVDA), the Teslas (TSLA), the Amazons (AMZN) ... all those just reasserted themselves.”
Siegel identified a pretty big gap between valuation and growth, with his predictions last year that rates and value may have been 12 months early. He doesn’t believe the U.S. economy will see a recession, with value and small stocks perhaps set to benefit from that amid the Fed’s recent dovish signaling.
“When you're at 12X, 15X earnings, you just need a little growth and you’ll see a return,” he said.
Geopolitical Risks, Politics, and the Market Outlook
Turning to risks, the pair touched on what Siegel might see as big risks next year to the market. For Siegel, the standout issue is protecting the internet from foreign hacking.
“Can you imagine what the chaos would be if people woke up and tried to access their bank account or Vanguard funds and couldn’t get it,” Siegel said. “The security of our data is paramount.”
At the same time, however, Siegel doesn’t see much risk of new conflicts erupting or risk to oil supply. While war in Southwestern Asia could expand, he noted, an oil embargo is unlikely, and U.S. energy production should make markets more resistant to conflict in that region.
The pair also talked about the impact of U.S. elections in 2024, with Siegel assessing that the key factor at stake would be that the Trump tax cuts from his previous administration will expire in 2025.
“No matter who wins the presidency (and Congress), there’s going to be a real negotiation that’s going to take place,” Siegel said. “So I do not think that the presidency is going to affect the market substantially.”
He also recommended overall asset allocation, emphasizing a 75/25 portfolio with bonds mixed between Treasuries and hybrid corporates Siegel also underlined that junk bonds have been a solid long-term hold despite volatility, returning almost like stocks over long time frames.
For more news, information, and analysis, visit the Modern Alpha Channel.
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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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Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School, who also serves as WisdomTree’s senior economist, took the time to share his thoughts on the 2024 market outlook. While war in Southwestern Asia could expand, he noted, an oil embargo is unlikely, and U.S. energy production should make markets more resistant to conflict in that region. The pair also talked about the impact of U.S. elections in 2024, with Siegel assessing that the key factor at stake would be that the Trump tax cuts from his previous administration will expire in 2025.
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Inflation, the Fed, and the Market Outlook The pair turned to Siegel’s ongoing coverage of the Fed’s battle with inflation, with Huebscher asking Siegel to share his 2024 inflation market outlook. Because of high interest rates and lower money-supply growth. Geopolitical Risks, Politics, and the Market Outlook Turning to risks, the pair touched on what Siegel might see as big risks next year to the market.
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Inflation, the Fed, and the Market Outlook The pair turned to Siegel’s ongoing coverage of the Fed’s battle with inflation, with Huebscher asking Siegel to share his 2024 inflation market outlook. 2023 was a year for growth stocks, unusually to Siegel, as this is one of the very few times in which the new bull market was led by the leadership from the previous. Geopolitical Risks, Politics, and the Market Outlook Turning to risks, the pair touched on what Siegel might see as big risks next year to the market.
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Inflation, the Fed, and the Market Outlook The pair turned to Siegel’s ongoing coverage of the Fed’s battle with inflation, with Huebscher asking Siegel to share his 2024 inflation market outlook. Siegel shared that he believes the 10-year won’t drop to 2%, 2.5%, with people more suspicious about the hedging ability of bonds. TIPS and Housing Ahead Huebscher responded, asking if real rates do come down, what would that mean for stocks.
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2023-12-12 00:00:00 UTC
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Should You Buy Palantir Stock Before Dec. 31?
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https://www.nasdaq.com/articles/should-you-buy-palantir-stock-before-dec.-31
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Palantir Technologies (NYSE:PLTR) has been among the most clear-cut winners of the surge in AI stocks. Indeed, the run PLTR stock has seen over the past year has put many top AI plays to shame. This is a company that’s still well off its meme-cycle highs. However, strong momentum is backing this company, and retail investors are noticing.
The question is whether PLTR stock can continue its rise into 2024. Indeed, the stock’s reliance on the AI trend makes it vulnerable to downside risks if results disappoint, prompting some to consider avoiding it.
Palantir, known for data analytics for governments and enterprises, differentiates itself from U.S. military use. Once at 47%, revenue growth slowed to 24% in 2022, projecting 16% in 2023.
Let’s dive into how these numbers may look moving forward and whether PLTR stock is worth buying before the end of the year.
Is PLTR Stock Overvalued?
While investing in Palantir Technologies offers exposure to cyber-defense and AI software markets, potential investors should exercise caution. Positive data suggests growth, but careful timing is crucial to avoid overpaying and holding a stagnant investment.
Palantir Technologies displays high valuation metrics, with a trailing price-earnings ratio of 61.6-times, well above the sector median of 26.3-times. Additionally, its trailing price-sales ratio stands at 25.7-times, far exceeding the sector median of 2.8-times.
Despite decent sales growth, the stock price may already reflect this, posing a concern for value-seeking and contrarian investors. It’s reasonable to hesitate to invest in PLTR stock at its current valuation.
Although it is a profitable AI-connected company that merits attention, its stock price likely reflects its growth. For those cautious about its valuation, a strategic approach is to wait for a 10% or, preferably, a 20% drop in PLTR stock before considering a long position, ensuring a more favorable entry point.
Sompo Holdings Sold Half of Its PLTR Holdings
PLTR stock dropped 13% in the last five trading days following Sompo Holdings’ sale of part of its stake, earning $584.2 million. The amount sold remains undisclosed, but it’s estimated to be about half its previous stake.
Sompo Holdings revealed in a recent statement that it sold some of its investment securities to manage risk, optimize balance sheets, and enhance capital efficiency for improved corporate value.
Palantir and Sompo, with a history dating back to 2019, collaborated on a joint venture, securing investments and signing expansion agreements. The partnership aimed to deliver services to the Japanese government and foster growth opportunities for Sompo Holdings.
Continuous Bear Cases from Analysts
PLTR stock is up 170% this year but recently saw a dip due to Sompo’s sale and concerns highlighted by William Blair analyst Louie DiPalma about Palantir’s U.S. Army contract renewal and potential price reduction.
DiPalma noted “friction” between Palantir and the U.S. Army on data ownership. He predicts a reduced two-year contract, less than the current $116 million annual rate, as the Army seeks alternative vendors.
I believe there’s too much risk relative to the potential upside concerning PLTR stock right now. Thus, I maintain my bearish stance until the company’s bottom-line growth shows a sustainable upward trajectory.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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The post Should You Buy Palantir Stock Before Dec. 31? 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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For those cautious about its valuation, a strategic approach is to wait for a 10% or, preferably, a 20% drop in PLTR stock before considering a long position, ensuring a more favorable entry point. Sompo Holdings revealed in a recent statement that it sold some of its investment securities to manage risk, optimize balance sheets, and enhance capital efficiency for improved corporate value. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Palantir Technologies (NYSE:PLTR) has been among the most clear-cut winners of the surge in AI stocks. Sompo Holdings Sold Half of Its PLTR Holdings PLTR stock dropped 13% in the last five trading days following Sompo Holdings’ sale of part of its stake, earning $584.2 million. Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Palantir Technologies (NYSE:PLTR) has been among the most clear-cut winners of the surge in AI stocks. Sompo Holdings Sold Half of Its PLTR Holdings PLTR stock dropped 13% in the last five trading days following Sompo Holdings’ sale of part of its stake, earning $584.2 million. Continuous Bear Cases from Analysts PLTR stock is up 170% this year but recently saw a dip due to Sompo’s sale and concerns highlighted by William Blair analyst Louie DiPalma about Palantir’s U.S. Army contract renewal and potential price reduction.
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This is a company that’s still well off its meme-cycle highs. It’s reasonable to hesitate to invest in PLTR stock at its current valuation. Sompo Holdings Sold Half of Its PLTR Holdings PLTR stock dropped 13% in the last five trading days following Sompo Holdings’ sale of part of its stake, earning $584.2 million.
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2023-12-12 00:00:00 UTC
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CANADA STOCKS-Canada shares at 18-month high as financials, commodities rally
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https://www.nasdaq.com/articles/canada-stocks-canada-shares-at-18-month-high-as-financials-commodities-rally
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By Shashwat Chauhan and Ismail Shakil
Dec 14 (Reuters) - Canada's main stock index extended gains on Thursday, with interest rate sensitive banking stocks leading the charge on bets that an expected drop in borrowing costs next year would boost credit growth and revive the housing market.
At 4:10 p.m. provisional close, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 149.35 points, or 0.72%, at 20,778.80, its highest close since June 8, 2022. Wall Street also edged higher. .N
The U.S. Federal Reserve's guidance on Wednesday that borrowing costs are expected to come down next year has turned the market sentiment globally, with investors piling into beaten down stocks.
"Today's bullish market action is a continuation from yesterday's key reversal, which was catalysed by the Federal Reserve meeting," said Brandon Michael, senior investment analyst at ABC Funds.
"With major economic data and central bank decisions now behind us, the path is clear for the market through year-end. We're now entering the Santa Claus Rally - a bullish seasonal period driven by investor optimism and higher stock prices. The market is now carrying significant momentum," Michael added.
On Friday, the Bank of Canada Governor Tiff Macklem is expected to deliver his final speech of the year, and investors would wait for clues for rate cuts in Canada.
Canada's housing market slowed further in November, with higher interest rates denting demand, data from the Canadian Real Estate Association showed. But CREA also noted that expectations of lower interest rate is expected to the spring market more active.
Rate-sensitive financial sub-index .SPTTFS gained 1.2%.
Energy .SPTTEN led gains, rising 1.6% on higher crude oil prices, while the materials sector .GSPTTMT, which houses Canada's major mining firms, jumped 1.2% as prices of most base and precious metals rallied. MET/LGOL/O/R
Among individual stocks, Pembina PipelinePPL.TO fell 1.5% after the company said it would buy Enbridge's ENB.TO interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for C$3.1 billion ($2.30 billion).
Grocery chain operator Empire Co. Ltd EMPa.TO slumped 11.2% after reporting a 6% drop in quarterly adjusted net earnings.
Cenovus EnergyCVE.TO gained 3.1% after the company said it expects higher production from its U.S. refineries in 2024.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Daniel Wallis)
((Shashwat.Chauhan@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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.N The U.S. Federal Reserve's guidance on Wednesday that borrowing costs are expected to come down next year has turned the market sentiment globally, with investors piling into beaten down stocks. "Today's bullish market action is a continuation from yesterday's key reversal, which was catalysed by the Federal Reserve meeting," said Brandon Michael, senior investment analyst at ABC Funds. Canada's housing market slowed further in November, with higher interest rates denting demand, data from the Canadian Real Estate Association showed.
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By Shashwat Chauhan and Ismail Shakil Dec 14 (Reuters) - Canada's main stock index extended gains on Thursday, with interest rate sensitive banking stocks leading the charge on bets that an expected drop in borrowing costs next year would boost credit growth and revive the housing market. Canada's housing market slowed further in November, with higher interest rates denting demand, data from the Canadian Real Estate Association showed. Energy .SPTTEN led gains, rising 1.6% on higher crude oil prices, while the materials sector .GSPTTMT, which houses Canada's major mining firms, jumped 1.2% as prices of most base and precious metals rallied.
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By Shashwat Chauhan and Ismail Shakil Dec 14 (Reuters) - Canada's main stock index extended gains on Thursday, with interest rate sensitive banking stocks leading the charge on bets that an expected drop in borrowing costs next year would boost credit growth and revive the housing market. Canada's housing market slowed further in November, with higher interest rates denting demand, data from the Canadian Real Estate Association showed. Energy .SPTTEN led gains, rising 1.6% on higher crude oil prices, while the materials sector .GSPTTMT, which houses Canada's major mining firms, jumped 1.2% as prices of most base and precious metals rallied.
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By Shashwat Chauhan and Ismail Shakil Dec 14 (Reuters) - Canada's main stock index extended gains on Thursday, with interest rate sensitive banking stocks leading the charge on bets that an expected drop in borrowing costs next year would boost credit growth and revive the housing market. At 4:10 p.m. provisional close, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 149.35 points, or 0.72%, at 20,778.80, its highest close since June 8, 2022. .N The U.S. Federal Reserve's guidance on Wednesday that borrowing costs are expected to come down next year has turned the market sentiment globally, with investors piling into beaten down stocks.
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2023-12-12 00:00:00 UTC
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The Bull and Bear Case for Rivian (RIVN) Stock
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https://www.nasdaq.com/articles/the-bull-and-bear-case-for-rivian-rivn-stock
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In a fiercely competitive electric vehicle manufacturing industry, Rivian Automotive (NASDAQ:RIVN) faces hurdles in selling vehicles and achieving profitability. Consequently, RIVN stock may be exposed in 2024, potentially relinquishing recent gains.
Though Rivian has seen its stock price rally roughly 50% off of this year’s lows, it’s still trading well below its previous meme-cycle peak. That’s to be expected, considering the declines across the sector for many high-growth stocks. Additionally, concerns around forward-looking EV demand have pushed many investors to seek other growth options. I’m not here to change anyone’s mind in that regard.
That said, RIVN stock has been making progress in some key areas. So, let’s dive into the bull-and-bear case for this EV maker moving forward.
The Bull Case
Closing 2021 with $18.1 billion in cash, Rivian’s cash reserves declined to $11.6 billion by the end of 2022 and stood at $7.9 billion in Q3 2023. Although the company’s cash burn has slowed, it remains notable and is a risk factor investors are pricing in. Encouragingly, RIVN stock progressively decreased its gross loss per delivered unit each quarter in 2023, aiming for positive gross profit by the end of 2024. If achieved, that could be a big catalyst for the stock over the next 12-24 months.
Rivian strives for positive free cash flow, aiming to avoid relying solely on its $7.9 billion cash reserves for expansion. Despite deferred capital expenditures and a reduced capex forecast, Rivian may face the need for additional funds.
While debt financing in the current high-interest-rate environment is less favorable, future interest rate shifts might influence the decision. Thus, it’s possible the stars align, and things work out, but it’s a risky bet to make right now.
Alternatively, increasing Rivian’s valuation could make equity issuance more appealing. Despite potential scenarios, Rivian’s effective reduction in cash burn is a positive trend, warranting investor observation in the coming year. Again, I think this is the key catalyst in either direction for the stock, so investors should focus their attention on it.
The Bear Case
Rivian’s need for a substantial capital infusion raises concerns. The company anticipates increasing annual payments from $1.5 million to $20.4 million by 2047, with potential additional increases. Red flags include layoffs in the battery cell development team, including lead engineer Victor Prajapati. If the company isn’t able to innovate and continue to drive interest in its model lineup, slowing growth could signal to the market this is a company that’s not worth investing in.
In my previous RIVN article in October, I mentioned some of the prominent bear cases for the stock. One of these was Rivian’s two-year journey since its IPO, in which the company faced challenges from market dynamics and operational issues. Those concerns still exist.
Despite industry-wide disruptions, Rivian’s Q2 earnings were pleasantly surprised with a tripled revenue of $1.12 billion, offsetting some concerns. However, the company’s path to profitability remains contingent on effective execution and managing capital needs.
Investors must conduct thorough due diligence, as analyst optimism doesn’t exempt stocks from scrutiny.
RIVN Can Be Worth a Gamble, But Caution Is Advised
Once overvalued, RIVN stock may hold promise as a long-term investment with improved fundamentals. Of course, as mentioned, the stars will need to align for this stock to return to somewhere near its previous valuation. However, given the company primarily competes with itself in a niche market, reaching 400,000 vehicles in five years could lead to some much more impressive numbers over time.
That said, as uncertainties persist into 2024, I think there’s plenty of execution-related risk with this stock, enough to warrant investors’ cautious outlook. Overall, potential investors should brace for volatility with RIVN stock. And while this stock may go up over the long term, the short-term gyrations can turn many investors away. Unfortunately, I’m one such investor, at least for now.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
More From InvestorPlace
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The post The Bull and Bear Case for Rivian (RIVN) Stock appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite potential scenarios, Rivian’s effective reduction in cash burn is a positive trend, warranting investor observation in the coming year. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The Bull and Bear Case for Rivian (RIVN) Stock appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In a fiercely competitive electric vehicle manufacturing industry, Rivian Automotive (NASDAQ:RIVN) faces hurdles in selling vehicles and achieving profitability. The Bull Case Closing 2021 with $18.1 billion in cash, Rivian’s cash reserves declined to $11.6 billion by the end of 2022 and stood at $7.9 billion in Q3 2023. Despite potential scenarios, Rivian’s effective reduction in cash burn is a positive trend, warranting investor observation in the coming year.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In a fiercely competitive electric vehicle manufacturing industry, Rivian Automotive (NASDAQ:RIVN) faces hurdles in selling vehicles and achieving profitability. The Bull Case Closing 2021 with $18.1 billion in cash, Rivian’s cash reserves declined to $11.6 billion by the end of 2022 and stood at $7.9 billion in Q3 2023. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The Bull and Bear Case for Rivian (RIVN) Stock appeared first on InvestorPlace.
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That said, RIVN stock has been making progress in some key areas. Although the company’s cash burn has slowed, it remains notable and is a risk factor investors are pricing in. Unfortunately, I’m one such investor, at least for now.
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2023-12-12 00:00:00 UTC
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Lennar Corp. Q4 Income Rises, Beats estimates
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https://www.nasdaq.com/articles/lennar-corp.-q4-income-rises-beats-estimates
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(RTTNews) - Lennar Corp. (LEN.B) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $1.36 billion, or $4.82 per share. This compares with $1.32 billion, or $4.55 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $4.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.9% to $10.97 billion from $10.17 billion last year.
Lennar Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $1.36 Bln. vs. $1.32 Bln. last year. -EPS (Q4): $4.82 vs. $4.55 last year. -Analyst Estimate: $4.59 -Revenue (Q4): $10.97 Bln vs. $10.17 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Lennar Corp. (LEN.B) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. This compares with $1.32 billion, or $4.55 per share, in last year's fourth quarter. Analysts on average had expected the company to earn $4.59 per share, according to figures compiled by Thomson Reuters.
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The company's earnings totaled $1.36 billion, or $4.82 per share. This compares with $1.32 billion, or $4.55 per share, in last year's fourth quarter. -Analyst Estimate: $4.59 -Revenue (Q4): $10.97 Bln vs. $10.17 Bln last year.
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This compares with $1.32 billion, or $4.55 per share, in last year's fourth quarter. The company's revenue for the quarter rose 7.9% to $10.97 billion from $10.17 billion last year. -Analyst Estimate: $4.59 -Revenue (Q4): $10.97 Bln vs. $10.17 Bln last year.
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The company's earnings totaled $1.36 billion, or $4.82 per share. This compares with $1.32 billion, or $4.55 per share, in last year's fourth quarter. -Analyst Estimate: $4.59 -Revenue (Q4): $10.97 Bln vs. $10.17 Bln last year.
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2023-12-12 00:00:00 UTC
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Renewable Energy Stocks Jump on Thursday
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https://www.nasdaq.com/articles/renewable-energy-stocks-jump-on-thursday
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The rally in renewable energy stocks continued on Thursday and it extended to everything from utilities to product suppliers. Yesterday's Federal Reserve meeting and the expectation of lower interest rates in 2024 and 2025 have given the market a boost and energy assets have become some of the favorites today.
Both NextEra Energy (NYSE: NEE) and its subsidiary NextEra Energy Partners (NYSE: NEP) jumped as much as 3.3% and 8.5%, respectively, in morning trading. More direct renewable energy companies were also up sharply with QuantumScape (NYSE: QS) rising 11.9%, SunPower (NASDAQ: SPWR) jumping 20.9%, and Plug Power (NASDAQ: PLUG) gaining 15.5%. At 1 p.m. ET, shares of all five stocks are near their daily highs.
Interest rates provide the market fuel
The Federal Reserve said it will keep short-term rates flat for now, but it doesn't control long-term rates that provide a benchmark for corporate borrowing. Those are set by the open market.
After falling sharply yesterday, the 10-year yield fell another 10 basis points for U.S. government bonds, 20 basis points in Mexico, and between 5 and 14 basis points in Europe. Clearly, the financing environment will get less expensive for companies building renewable energy projects.
This has two impacts on renewable energy companies and stocks. One is the market moving to riskier assets as yields fall, which pushes up the value of stocks like QuantumScape and Plug Power that are still very speculative. Second, lower rates will make investment in the projects more compelling. Just like with a mortgage, lower rates mean lower monthly payments and better margins for installers.
Where do we go from here?
It's important now to understand the difference between the companies that will benefit directly from lower interest rates and where rates will be a more indirect tailwind.
Companies financing projects like NextEra Energy, NextEra Energy Partners, and SunPower are going to benefit from lower rates and that benefit could hit in the next few quarters. NextEra Energy Partners specifically fell in 2023 because investors were concerned that it wouldn't be able to refinance project debt at attractive terms, but that concern has likely gone away as rates have dropped. I would expect management to lock in some of the current rate drop in the next few quarters to reduce long-term risk.
SunPower drops projects down to its financing partners and the current rate environment should lead to higher margins relatively quickly. Volume may take a while to pick up, but there will be a noticeable tailwind from interest rates in 2024, just like there was a headwind in 2023.
Companies like QuantumScape and Plug Power are in a more precarious position. They need customers to buy their systems and finance them, so they're not directly benefiting from lower rates. And while utilities or auto companies may be interested in their technology, those customers are now also thinking about the risk they have in taking on new technology and the interest rate risk that flared up in 2023. As a result, benefits may take much longer to materialize and that's why their current losses are a big concern.
Expect interest rates to be a hot topic for the renewable energy industry throughout 2024, and if rates keep falling it would be very bullish for the industry.
Should you invest $1,000 in NextEra Energy Partners right now?
Before you buy stock in NextEra Energy Partners, consider this:
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*Stock Advisor returns as of December 11, 2023
Travis Hoium has positions in NextEra Energy Partners and SunPower. The Motley Fool has positions in and recommends NextEra Energy. 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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Yesterday's Federal Reserve meeting and the expectation of lower interest rates in 2024 and 2025 have given the market a boost and energy assets have become some of the favorites today. One is the market moving to riskier assets as yields fall, which pushes up the value of stocks like QuantumScape and Plug Power that are still very speculative. SunPower drops projects down to its financing partners and the current rate environment should lead to higher margins relatively quickly.
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More direct renewable energy companies were also up sharply with QuantumScape (NYSE: QS) rising 11.9%, SunPower (NASDAQ: SPWR) jumping 20.9%, and Plug Power (NASDAQ: PLUG) gaining 15.5%. Companies financing projects like NextEra Energy, NextEra Energy Partners, and SunPower are going to benefit from lower rates and that benefit could hit in the next few quarters. Before you buy stock in NextEra Energy Partners, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy Partners wasn't one of them.
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Companies financing projects like NextEra Energy, NextEra Energy Partners, and SunPower are going to benefit from lower rates and that benefit could hit in the next few quarters. Before you buy stock in NextEra Energy Partners, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy Partners wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Travis Hoium has positions in NextEra Energy Partners and SunPower.
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Companies financing projects like NextEra Energy, NextEra Energy Partners, and SunPower are going to benefit from lower rates and that benefit could hit in the next few quarters. Before you buy stock in NextEra Energy Partners, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy Partners wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Travis Hoium has positions in NextEra Energy Partners and SunPower.
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2023-12-12 00:00:00 UTC
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3 Stocks to Make Sure You’re on the Right Side of the AI Boom
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https://www.nasdaq.com/articles/3-stocks-to-make-sure-youre-on-the-right-side-of-the-ai-boom
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Every day, we hear about the tremendous innovation from artificial intelligence advancements. AI is transforming many industries, such as autonomous vehicles, industrial automation, molecule discovery and fraud detection, to name a few. This has led to an AI boom. You can participate in this new era through several AI stocks as these applications develop.
In terms of playing AI, there are several ways to do so. First are the picks and shovels that supply chips and data infrastructure required to build AI applications. For instance, semiconductor companies that make chips that can handle AI workloads. Or the data infrastructure players that will provide the storage and compute resources.
Secondly, companies leveraging AI to enhance their products are on the right side of the trend. Software companies can leverage AI to provide better insights and improve functionality. Furthermore, AI is accelerating product innovations and enabling these companies to deliver products that offer more value.
AI will revolutionize the world as we see it. Indeed, with the emergence of generative AI, we are just in the early innings of this growth cycle. Buy these top AI stocks for future AI gains.
Nvidia (NVDA)
Source: Allmy / Shutterstock.com
This semiconductor company is the prominent force driving the AI revolution. Nvidia (NASDAQ:NVDA) had the vision to focus on accelerated computing more than a decade ago. Instead of building CPUs, they created graphics processing units (GPUs) for simulation, graphics and physics.
Initially, Nvidia GPUs were critical for gaming applications. Eventually, the company hoped that these chips would be useful for AI. The company has realized that vision and GPUs are essential in training AI models.
What’s more, Nvidia had the foresight to recognize that developers needed a software stack to develop, deploy and optimize AI applications. Thus, it created CUDA, its set of operating systems, frameworks, tools, drivers and libraries.
Due to its first-mover advantage, Nvidia has an unassailable lead in AI. First, it has over 80% market share in the global GPU market. While competitor Advanced Micro Devices (NASDAQ:AMD) expects $2 billion in revenues from AI chips next year, analysts estimate Nvidia will surpass $70 billion.
So far, results indicate these targets are reasonable. For instance, data center revenue was $32.6 billion in the trailing twelve months. Additionally, the segment’s growth accelerated in the third quarter of fiscal 2024, recording 279% year-over-year growth.
Besides the GPU leadership, CUDA is another competitive advantage. Today, millions of developers use the platform. Developers use it and Nvidia’s proprietary algorithms, such as Transformer Engine, Quantum-2 and InfiniBand network, to improve their models.
For FY2025, ending January 2025, analysts’ consensus estimate is for 53% revenue growth. Additionally, they see EPS growing from $12.30 in the current fiscal year to $19.72, a 60% increase. Based on these estimates, NVDA stock trades at 24 times FY2025 EPS. Indeed, it’s one of the cheapest and best AI stocks to buy today.
Microsoft (MSFT)
Source: Roland Magnusson / Shutterstock.com
Microsoft (NASDAQ:MSFT) is a leader in the artificial intelligence race due to its alliance with OpenAI. The deal granted access to all OpenAI models, enabling the company to position itself as the leading AI infrastructure provider. As a result, it is seeing an acceleration in revenues and earnings.
Today, the Redmond-based company has the best AI infrastructure for training and inference. Microsoft Azure is the second largest cloud provider and it’s taking share. Azure AI offers companies leading AI models from OpenAI, Microsoft, Meta Platforms (NASDAQ:META) and Hugging Face. At the end of Q1 FY2024, more than 18,000 organizations were using Azure OpenAI services.
Microsoft has also integrated AI across all its services and products to increase productivity. GitHub Copilot is enabling software developers to code faster. More than 37,000 organizations have subscribed to the service, increasing productivity by 55%.
The company is introducing co-pilot systems in business applications to deliver business process transformation. For instance, Dynamics 365 employs AI to personalize customer interactions based on insights from third-party customer relationship management systems. Additionally, Microsoft Copilot is now available across applications such as Word, Excel, Outlook, PowerPoint and Teams.
Today, more than 40% of Fortune 100 companies are already tapping into copilot services. Microsoft is integrating more AI capabilities into its hardware and software stack and optimizing its cloud infrastructure for AI. These innovations will help customers, partners and developers gain more value from its services.
Over the long term, Microsoft is betting that AI will support revenue growth. That’s why CEO Satya Nadella expects the company to double its revenues by FY2030, hitting $500 billion in revenue. So far, it is one of the AI stocks to watch.
Advanced Micro Devices (AMD)
Source: JHVEPhoto / Shutterstock.com
In the AI chip race, Advanced Micro Devices (NASDAQ:AMD) is emerging as a challenger to Nvidia. Although the company is a bit late, it could still benefit as data center companies seek alternatives. During its Advancing AI event on December 6, it announced several AI solutions for PCs, the cloud and enterprise.
The highlight was the showcase of the Instinct M1300A accelerated processing unit (APU) and Instinct MI300X accelerator. These chips can train and run large language models. In a show of confidence, several companies have agreed to deploy the M1300X. Microsoft has installed the chip for its virtual machines and Meta will deploy the chips in its data centers.
Remarkably, these chips have some performance advantages over Nvidia’s H100 chips. For instance, the MI300A APU for data centers has 1.6 times the memory capacity. Lisa Su, the CEO, also highlighted that the MI300X performs better in inference. These early wins show AMD can become one of the top AI stocks.
Over the next fiscal year, Lisa Su expects solid demand for its AI chips. “We are seeing very strong demand for our new Instinct MI300 GPUs, which are the highest-performance accelerators in the world for generative AI.”
These early releases show the promise of AMD in AI. When releasing the M1300 chips, CEO Lisa Su noted they expect more than $2 billion in revenues and see an addressable market of $45 billion. Moreover, the company expects sustained demand, with the market growing to $400 billion by 2027.
On the date of publication, Charles Munyi did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. He has written for a wide variety of financial websites including Benzinga, The Balance and Investopedia.
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The post 3 Stocks to Make Sure You’re on the Right Side of the AI Boom appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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“We are seeing very strong demand for our new Instinct MI300 GPUs, which are the highest-performance accelerators in the world for generative AI.” These early releases show the promise of AMD in AI. Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks to Make Sure You’re on the Right Side of the AI Boom appeared first on InvestorPlace.
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While competitor Advanced Micro Devices (NASDAQ:AMD) expects $2 billion in revenues from AI chips next year, analysts estimate Nvidia will surpass $70 billion. Azure AI offers companies leading AI models from OpenAI, Microsoft, Meta Platforms (NASDAQ:META) and Hugging Face. Advanced Micro Devices (AMD) Source: JHVEPhoto / Shutterstock.com In the AI chip race, Advanced Micro Devices (NASDAQ:AMD) is emerging as a challenger to Nvidia.
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While competitor Advanced Micro Devices (NASDAQ:AMD) expects $2 billion in revenues from AI chips next year, analysts estimate Nvidia will surpass $70 billion. Azure AI offers companies leading AI models from OpenAI, Microsoft, Meta Platforms (NASDAQ:META) and Hugging Face. Microsoft is integrating more AI capabilities into its hardware and software stack and optimizing its cloud infrastructure for AI.
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Furthermore, AI is accelerating product innovations and enabling these companies to deliver products that offer more value. Microsoft has installed the chip for its virtual machines and Meta will deploy the chips in its data centers. Remarkably, these chips have some performance advantages over Nvidia’s H100 chips.
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2023-12-12 00:00:00 UTC
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After-Hours Earnings Report for December 14, 2023 : COST, LEN, SCHL, NX, MESA
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-december-14-2023-%3A-cost-len-schl-nx-mesa
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The following companies are expected to report earnings after hours on 12/14/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Costco Wholesale Corporation (COST)is reporting for the quarter ending November 30, 2023. The discount retail company's consensus earnings per share forecast from the 15 analysts that follow the stock is $3.45. This value represents a 11.29% increase compared to the same quarter last year. COST missed the consensus earnings per share in the 4th calendar quarter of 2022 by -1.27%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for COST is 40.87 vs. an industry ratio of 22.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Lennar Corporation (LEN)is reporting for the quarter ending November 30, 2023. The building (residential/commercial) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $4.64. This value represents a 7.57% decrease compared to the same quarter last year. In the past year LEN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 12.68%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for LEN is 10.66 vs. an industry ratio of 10.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Scholastic Corporation (SCHL)is reporting for the quarter ending November 30, 2023. The book publisher company's consensus earnings per share forecast from the 1 analyst that follows the stock is $2.65. This value represents a 25.00% increase compared to the same quarter last year. SCHL missed the consensus earnings per share in the 3rd calendar quarter of 2023 by -62.96%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SCHL is 15.16 vs. an industry ratio of 21.30.
Quanex Building Products Corporation (NX)is reporting for the quarter ending October 31, 2023. The building company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.71. This value represents a 5.33% decrease compared to the same quarter last year. In the past year NX and beat the expectations the other quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NX is 13.19 vs. an industry ratio of 13.40.
Mesa Air Group, Inc. (MESA)is reporting for the quarter ending September 30, 2023. The airline company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.15. This value represents a 59.46% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MESA is -0.76 vs. an industry ratio of 6.30.
The views and 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 discount retail company's consensus earnings per share forecast from the 15 analysts that follow the stock is $3.45. The building (residential/commercial) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $4.64. The book publisher company's consensus earnings per share forecast from the 1 analyst that follows the stock is $2.65.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for COST is 40.87 vs. an industry ratio of 22.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for LEN is 10.66 vs. an industry ratio of 10.00, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SCHL is 15.16 vs. an industry ratio of 21.30.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for COST is 40.87 vs. an industry ratio of 22.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for LEN is 10.66 vs. an industry ratio of 10.00, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NX is 13.19 vs. an industry ratio of 13.40.
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COST missed the consensus earnings per share in the 4th calendar quarter of 2022 by -1.27%. In the past year LEN has beat the expectations every quarter. In the past year NX and beat the expectations the other quarter.
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712578.0
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2023-12-12 00:00:00 UTC
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Chevron (CVX) CEO Downplays Venezuela-Guyana Tension
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https://www.nasdaq.com/articles/chevron-cvx-ceo-downplays-venezuela-guyana-tension
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Chevron Corporation’s CVX chief executive officer Mike Wirth expressed optimism on Monday, disregarding the likelihood of a military conflict arising from the ongoing border dispute between Venezuela and Guyana. Despite the recent exchange of hostile statements between the South American nations, Wirth said that armed conflict was unlikely.
Speaking at an event hosted by the Council on Foreign Relations in Washington, he acknowledged the hostile statements made by both Venezuela and Guyana, but remained confident that armed conflict was not the likely outcome. Instead, he highlighted the historical precedence of diplomatic solutions in resolving territorial disputes.
Wirth assured that Chevron is closely monitoring developments in the region. The company, involved in significant energy projects in both Venezuela and Guyana, recognizes the potential impact of geopolitical tensions on its operations. The CEO's comments reflect a measured outlook, acknowledging the gravity of the situation while expressing faith in diplomatic channels to find a resolution.
The border dispute between Venezuela and Guyanahas been a longstanding issue, with both nations staking claims to the Essequibo oil-rich region. Despite the current tension, Wirth's comments reflect a measured and optimistic outlook, suggesting that diplomatic efforts may prevail over military confrontation in addressing territorial disagreement.
Zacks Rank & Key Picks
Chevron currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy sector are Matador Resources Company MTDR, Liberty Energy Inc. LBRT and EOG Resources, Inc. EOG. While Matador Resources sports a Zacks Rank #1 (Strong Buy), both Liberty Energy and EOG Resources carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Matador Resources is among the leading oil and gas explorers in the shale and unconventional resources in the United States. The company’s prime intention is to create more value for shareholders and generate lucrative returns from the capital invested in unconventional plays.
MTDR’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 13.89%.
Liberty Energy is a North American provider of hydraulic fracturing services to upstream energy operators. The company’s multi-basin presence offers an attractive upside opportunity compared with most of its peers. Its strong relationship with high-quality customers provides revenue visibility and business certainty.
LBRT’s earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.88%.
EOG Resources is an energy exploration and production company with an attractive growth profile, upper-quartile returns and a disciplined management team. With highly productive acreages in premier oil shale plays like the Permian and Eagle Ford, the company has numerous untapped high-quality drilling sites.
EOG’s earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.17%.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
EOG Resources, Inc. (EOG) : Free Stock Analysis Report
Matador Resources Company (MTDR) : Free Stock Analysis Report
Liberty Energy Inc. (LBRT) : 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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Chevron Corporation’s CVX chief executive officer Mike Wirth expressed optimism on Monday, disregarding the likelihood of a military conflict arising from the ongoing border dispute between Venezuela and Guyana. Speaking at an event hosted by the Council on Foreign Relations in Washington, he acknowledged the hostile statements made by both Venezuela and Guyana, but remained confident that armed conflict was not the likely outcome. Despite the current tension, Wirth's comments reflect a measured and optimistic outlook, suggesting that diplomatic efforts may prevail over military confrontation in addressing territorial disagreement.
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Some better-ranked stocks in the energy sector are Matador Resources Company MTDR, Liberty Energy Inc. LBRT and EOG Resources, Inc. EOG. While Matador Resources sports a Zacks Rank #1 (Strong Buy), both Liberty Energy and EOG Resources carry a Zacks Rank #2 (Buy) at present. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Matador Resources Company (MTDR) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Some better-ranked stocks in the energy sector are Matador Resources Company MTDR, Liberty Energy Inc. LBRT and EOG Resources, Inc. EOG. While Matador Resources sports a Zacks Rank #1 (Strong Buy), both Liberty Energy and EOG Resources carry a Zacks Rank #2 (Buy) at present. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Matador Resources Company (MTDR) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Despite the current tension, Wirth's comments reflect a measured and optimistic outlook, suggesting that diplomatic efforts may prevail over military confrontation in addressing territorial disagreement. Some better-ranked stocks in the energy sector are Matador Resources Company MTDR, Liberty Energy Inc. LBRT and EOG Resources, Inc. EOG. Matador Resources is among the leading oil and gas explorers in the shale and unconventional resources in the United States.
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712579.0
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2023-12-12 00:00:00 UTC
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Occidental (OXY) to Buy CrownRock in a $12B Cash & Stock Deal
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https://www.nasdaq.com/articles/occidental-oxy-to-buy-crownrock-in-a-%2412b-cash-stock-deal
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Occidental Petroleum Corporation OXY has entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture between CrownQuest Operating LLC and Lime Rock Partners. The buyout will take place in a cash and stock deal worth approximately $12 billion, including the assumption of CrownRock’s outstanding debt.
Occidental plans to fund the acquisition by taking on $9.1 billion in new debt, issuing about $1.7 billion in common stock and taking over CrownRock's $1.2 billion in outstanding debt. With the fulfillment of normal closing requirements and the acquisition of regulatory clearances, the deal is expected to close in the first quarter of 2024.
Benefits From Acquisition
This agreement enhances Occidental’s premier Permian portfolio with the addition of 170,000 barrels of oil equivalent per day (Mboed) of high-margin, lower-decline unconventional production and about 1,700 undeveloped sites in 2024. On a diluted share basis, higher free cash flow is anticipated, with $1 billion in the first year based on $70 per barrel WTI.
Combined with higher cash flow and proceeds from a new divestiture program of $4.5-$6 billion, Occidental will be able to reduce its debt by at least $4.5 billion over the next 12 months.
The agreement will help Occidental build subsurface understanding and offer operational flexibility and growth opportunities. CrownRock's 94,000 net acres of high-quality stacked pay assets and infrastructure are well-positioned alongside Occidental's legacy Midland Basin operations.
The acquisition of assets, which include four recycling plants, should strengthen OXY’s ability to recycle water. The agreement further increases Occidental’s Permian unconventional sub-$40 breakeven inventory by 33%.
The buyout also supports a 22% increase in OXY’s quarterly dividend rate. This results in a quarterly dividend of 22 cents per share compared with the previous rate of 4 cents. The new dividend is expected to be declared in February 2024.
Acquisition-focused Oil & Gas
In August 2023, Occidental announced that it has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for a total cash consideration of approximately $1.1 billion. This acquisition is expected to increase shareholders' value through an improved drive for technology innovation and accelerated direct air capture cost reductions.
In August 2019, Occidental had completed its acquisition of Anadarko Petroleum Corporation in a transaction valued at $55 billion, including the assumption of Anadarko's debt. This acquisition has expanded its operations in the Permian Basin and is accretive to free cash flow.
Along with Occidental, some other oil and gas companies like Chevron Corporation CVX and ExxonMobil Corporation XOM are also expanding their operations through acquisitions.
In October 2023, Chevron announced that it will acquire Hess Corporation HES for $53 billion in an all-stock transaction. The deal, which is expected to close in early 2024, is the second-largest oil and gas acquisition to date, following ExxonMobil's acquisition of Pioneer Natural Resources. The acquisition is a major win for Chevron, as it will give the company access to Hess' high-quality assets in Guyana and the Bakken Formation in North Dakota.
CVX’s long-term (three- to five-year) earnings growth rate is 14.27%. The Zacks Consensus Estimate for its 2023 earnings is pegged at $13.35 per share.
In October 2023, ExxonMobil entered into an agreement to acquire Pioneer Natural Resources in an all-stock transaction worth $59.5 billion. The acquisition will position ExxonMobil as the leading producer in the largest U.S. oilfield, ensuring a decade of cost-effective production. The deal is expected to close in early 2024.
XOM’s long-term earnings growth rate is 3%. It delivered an average earnings surprise of 0.6% in the last four quarters.
Price Performance
In the past three months, shares of Occidental have lost 14% compared with the industry’s 10.5% decline.
Image Source: Zacks Investment Research
Zacks Rank
Occidental currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Hess Corporation (HES) : Free Stock Analysis 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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Occidental Petroleum Corporation OXY has entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture between CrownQuest Operating LLC and Lime Rock Partners. Benefits From Acquisition This agreement enhances Occidental’s premier Permian portfolio with the addition of 170,000 barrels of oil equivalent per day (Mboed) of high-margin, lower-decline unconventional production and about 1,700 undeveloped sites in 2024. Acquisition-focused Oil & Gas In August 2023, Occidental announced that it has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for a total cash consideration of approximately $1.1 billion.
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The buyout will take place in a cash and stock deal worth approximately $12 billion, including the assumption of CrownRock’s outstanding debt. In October 2023, ExxonMobil entered into an agreement to acquire Pioneer Natural Resources in an all-stock transaction worth $59.5 billion. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Hess Corporation (HES) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Occidental plans to fund the acquisition by taking on $9.1 billion in new debt, issuing about $1.7 billion in common stock and taking over CrownRock's $1.2 billion in outstanding debt. Along with Occidental, some other oil and gas companies like Chevron Corporation CVX and ExxonMobil Corporation XOM are also expanding their operations through acquisitions. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Hess Corporation (HES) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The buyout also supports a 22% increase in OXY’s quarterly dividend rate. This acquisition has expanded its operations in the Permian Basin and is accretive to free cash flow. Along with Occidental, some other oil and gas companies like Chevron Corporation CVX and ExxonMobil Corporation XOM are also expanding their operations through acquisitions.
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712580.0
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2023-12-12 00:00:00 UTC
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Shopify Is This Holiday Season's Real Winner and the Stock Looks Like a No-Brainer Buy Before 2023 Is Over
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https://www.nasdaq.com/articles/shopify-is-this-holiday-seasons-real-winner-and-the-stock-looks-like-a-no-brainer-buy
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You don't have to identify the hottest trend or company to be a successful investor. Instead, you can invest in the company behind many businesses. Shopify (NYSE: SHOP) is one of those companies for small and medium-sized businesses.
Shopify's tools empower these businesses to compete with the retail giants; the 2023 Black Friday and Cyber Monday sales are evidence of that. So, if you want to invest in the real winner of this year's holiday sales, look at Shopify.
Shopify's clients excelled over the Black Friday weekend
The gold standard for Black Friday online sales statistics is Adobe Analytics, which reported that Cyber Week (Thanksgiving Day to Cyber Monday) sales were $38 billion, up 7.8% year over year. But that's overall, and Shopify stores did much better than the crowd.
From Black Friday to Cyber Monday, Shopify merchants sold over $9.3 billion in products, an increase of 24% year over year. While that's not a direct comparison, it is conservative to say that about a quarter of all online shopping done on Thanksgiving weekend went through a Shopify store.
That's an incredible market share, and with Shopify representing much smaller businesses, it's also a bit of a feel-good story.
But that should only add to the Shopify investment thesis, as it presents a compelling investment opportunity.
Shopify's ecosystem also includes in-person point-of-sales (POS) systems, business-to-business offerings, and resources to sell products globally.
This all adds up to a company that should be crushing it with strong financials.
Shopify has a strong business, but you must pay up to own it
Shopify's financials are also quite strong, with revenue rising 25% year over year to $1.7 billion in the third quarter. Most of this growth came from its merchant solutions, which generate revenue from merchandise sales and Shopify Payments.
Shopify takes a bit of the purchase price from each transaction on its website. This toll booth model allows Shopify to succeed as its merchants succeed. When orders are run through Shopify Payments, Shopify also makes more, as it doesn't need to pay another payment processor. Growth of this product is critical, and with the share of orders that utilized Shopify Payments rising from 54% to 58% this year, it shows the company is doing a good job at capturing this opportunity.
Profitability has been elusive for Shopify throughout its life, but it posted an operating profit in Q3 of $122 million, or a 7% margin. This is a key trend as Shopify is at the maturity level where it must consistently deliver profits to shareholders.
Still, it hasn't been profitable over the past 12 months, so any valuation metrics that utilize profits from a trailing earnings perspective are skewed. If you look at Shopify's price-to-sales valuation, you can see that it has started recovering after crashing in 2021.
SHOP PS Ratio data by YCharts
But 14 times sales is still a high price for a company like Shopify, as its gross margin is around 50%, whereas many software companies that demand this kind of premium have gross margins of around 80%.
As a result, Shopify is a very expensive stock to invest in, but it's also a best-in-class company. These stocks are rarely on sale, and often, investors have to pay a bit of a premium to own them. However, after a few years of business results, the premium can be worth it.
I think Shopify falls into this category, and investors should scoop up shares of Shopify with the mindset of holding for at least five years.
Should you invest $1,000 in Shopify right now?
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Keithen Drury has positions in Shopify. The Motley Fool has positions in and recommends Shopify. 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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Shopify's tools empower these businesses to compete with the retail giants; the 2023 Black Friday and Cyber Monday sales are evidence of that. Shopify's ecosystem also includes in-person point-of-sales (POS) systems, business-to-business offerings, and resources to sell products globally. Growth of this product is critical, and with the share of orders that utilized Shopify Payments rising from 54% to 58% this year, it shows the company is doing a good job at capturing this opportunity.
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Shopify's clients excelled over the Black Friday weekend The gold standard for Black Friday online sales statistics is Adobe Analytics, which reported that Cyber Week (Thanksgiving Day to Cyber Monday) sales were $38 billion, up 7.8% year over year. From Black Friday to Cyber Monday, Shopify merchants sold over $9.3 billion in products, an increase of 24% year over year. Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shopify wasn't one of them.
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Shopify's clients excelled over the Black Friday weekend The gold standard for Black Friday online sales statistics is Adobe Analytics, which reported that Cyber Week (Thanksgiving Day to Cyber Monday) sales were $38 billion, up 7.8% year over year. Shopify has a strong business, but you must pay up to own it Shopify's financials are also quite strong, with revenue rising 25% year over year to $1.7 billion in the third quarter. Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shopify wasn't one of them.
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Instead, you can invest in the company behind many businesses. These stocks are rarely on sale, and often, investors have to pay a bit of a premium to own them. Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shopify wasn't one of them.
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31d6e0ee-e006-4f26-a1ca-625098e1e060
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712581.0
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2023-12-12 00:00:00 UTC
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New Strong Buy Stocks for December 12th
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DCOMP
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-december-12th-0
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nan
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Paymentus PAY: This company which, is a provider of cloud-based bill payment technology solutions, has seen the Zacks Consensus Estimate for its current year earningsincreasing 58.8% over the last 60 days.
Paymentus Holdings, Inc. Price and Consensus
Paymentus Holdings, Inc. price-consensus-chart | Paymentus Holdings, Inc. Quote
Dutch Bros BROS: This company which, is an operator and franchisor of drive-thru shops which focus on serving high quality, hand-crafted beverages with unparalleled speed and superior service, has seen the Zacks Consensus Estimate for its current year earnings increasing 40.0% over the last 60 days.
Dutch Bros Inc. Price and Consensus
Dutch Bros Inc. price-consensus-chart | Dutch Bros Inc. Quote
Centrus Energy LEU: This company which, is a supplier of enriched uranium fuel for commercial nuclear power plants, has seen the Zacks Consensus Estimate for its current year earnings increasing 23.1% over the last 60 day.
Centrus Energy Corp. Price and Consensus
Centrus Energy Corp. price-consensus-chart | Centrus Energy Corp. Quote
Customers Bancorp CUBI: This bank holding company which provides banking services to small and medium-sized businesses, professionals, individuals and families, has seen the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.
Customers Bancorp, Inc Price and Consensus
Customers Bancorp, Inc price-consensus-chart | Customers Bancorp, Inc Quote
Fomento Economico Mexicano FMX: This company which, participates in the beverage industry through Coca-Cola FEMSA and is the world’s largest franchise bottler for Coca-Cola products, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.
Fomento Economico Mexicano S.A.B. de C.V. Price and Consensus
Fomento Economico Mexicano S.A.B. de C.V. price-consensus-chart | Fomento Economico Mexicano S.A.B. de C.V. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
Paymentus Holdings, Inc. (PAY) : Free Stock Analysis Report
Fomento Economico Mexicano S.A.B. de C.V. (FMX) : Free Stock Analysis Report
Customers Bancorp, Inc (CUBI) : Free Stock Analysis Report
Centrus Energy Corp. (LEU) : Free Stock Analysis Report
Dutch Bros Inc. (BROS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Paymentus PAY: This company which, is a provider of cloud-based bill payment technology solutions, has seen the Zacks Consensus Estimate for its current year earningsincreasing 58.8% over the last 60 days. de C.V. Quote You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
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Paymentus Holdings, Inc. Price and Consensus Paymentus Holdings, Inc. price-consensus-chart | Paymentus Holdings, Inc. Quote Dutch Bros BROS: This company which, is an operator and franchisor of drive-thru shops which focus on serving high quality, hand-crafted beverages with unparalleled speed and superior service, has seen the Zacks Consensus Estimate for its current year earnings increasing 40.0% over the last 60 days. Centrus Energy Corp. Price and Consensus Centrus Energy Corp. price-consensus-chart | Centrus Energy Corp. Quote Customers Bancorp CUBI: This bank holding company which provides banking services to small and medium-sized businesses, professionals, individuals and families, has seen the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days. de C.V. (FMX) : Free Stock Analysis Report Customers Bancorp, Inc (CUBI) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report Dutch Bros Inc. (BROS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Paymentus Holdings, Inc. Price and Consensus Paymentus Holdings, Inc. price-consensus-chart | Paymentus Holdings, Inc. Quote Dutch Bros BROS: This company which, is an operator and franchisor of drive-thru shops which focus on serving high quality, hand-crafted beverages with unparalleled speed and superior service, has seen the Zacks Consensus Estimate for its current year earnings increasing 40.0% over the last 60 days. Customers Bancorp, Inc Price and Consensus Customers Bancorp, Inc price-consensus-chart | Customers Bancorp, Inc Quote Fomento Economico Mexicano FMX: This company which, participates in the beverage industry through Coca-Cola FEMSA and is the world’s largest franchise bottler for Coca-Cola products, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days. de C.V. (FMX) : Free Stock Analysis Report Customers Bancorp, Inc (CUBI) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report Dutch Bros Inc. (BROS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Customers Bancorp, Inc Price and Consensus Customers Bancorp, Inc price-consensus-chart | Customers Bancorp, Inc Quote Fomento Economico Mexicano FMX: This company which, participates in the beverage industry through Coca-Cola FEMSA and is the world’s largest franchise bottler for Coca-Cola products, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days. Want the latest recommendations from Zacks Investment Research? Click to get this free report Paymentus Holdings, Inc. (PAY) : Free Stock Analysis Report Fomento Economico Mexicano S.A.B.
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73bd886b-cf83-4918-b105-e7bdfc6499c0
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712582.0
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2023-12-12 00:00:00 UTC
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E.l.f. Beauty (ELF) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/e.l.f.-beauty-elf-laps-the-stock-market%3A-heres-why
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nan
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nan
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The latest trading session saw e.l.f. Beauty (ELF) ending at $143.21, denoting a +1% adjustment from its last day's close. This change outpaced the S&P 500's 0.27% gain on the day. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.19%.
Shares of the cosmetics company witnessed a gain of 25.25% over the previous month, beating the performance of the Consumer Staples sector with its gain of 4.85% and the S&P 500's gain of 6.94%.
Market participants will be closely following the financial results of e.l.f. Beauty in its upcoming release. In that report, analysts expect e.l.f. Beauty to post earnings of $0.52 per share. This would mark year-over-year growth of 8.33%. Alongside, our most recent consensus estimate is anticipating revenue of $230.22 million, indicating a 57.11% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.68 per share and a revenue of $913.5 million, representing changes of +61.45% and +57.81%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for e.l.f. Beauty. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. e.l.f. Beauty presently features a Zacks Rank of #1 (Strong Buy).
Investors should also note e.l.f. Beauty's current valuation metrics, including its Forward P/E ratio of 52.92. This valuation marks a premium compared to its industry's average Forward P/E of 33.45.
Also, we should mention that ELF has a PEG ratio of 2.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Cosmetics stocks are, on average, holding a PEG ratio of 2.89 based on yesterday's closing prices.
The Cosmetics industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 25% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
e.l.f. Beauty (ELF) : 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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Alongside, our most recent consensus estimate is anticipating revenue of $230.22 million, indicating a 57.11% upward movement from the same quarter last year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.68 per share and a revenue of $913.5 million, representing changes of +61.45% and +57.81%, respectively, from the prior year. Beauty's current valuation metrics, including its Forward P/E ratio of 52.92. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 25% of over 250 industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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Beauty (ELF) ending at $143.21, denoting a +1% adjustment from its last day's close. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Want the latest recommendations from Zacks Investment Research?
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579ad2fa-4fe8-4c62-b56f-dfe4d15eed69
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712583.0
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2023-12-12 00:00:00 UTC
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Here's Why Hologic (HOLX) Gained But Lagged the Market Today
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DCOMP
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https://www.nasdaq.com/articles/heres-why-hologic-holx-gained-but-lagged-the-market-today
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nan
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nan
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Hologic (HOLX) closed the most recent trading day at $71.09, moving +0.08% from the previous trading session. This change lagged the S&P 500's 0.27% gain on the day. Meanwhile, the Dow experienced a rise of 0.43%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Shares of the medical device maker have depreciated by 1.36% over the course of the past month, underperforming the Medical sector's gain of 7.01% and the S&P 500's gain of 6.94%.
Analysts and investors alike will be keeping a close eye on the performance of Hologic in its upcoming earnings disclosure. On that day, Hologic is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 12.15%. At the same time, our most recent consensus estimate is projecting a revenue of $978.36 million, reflecting an 8.92% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.99 per share and a revenue of $3.98 billion, indicating changes of +0.76% and -1.36%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Hologic. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.14% upward. Hologic is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Hologic is holding a Forward P/E ratio of 17.8. This expresses a discount compared to the average Forward P/E of 24 of its industry.
It is also worth noting that HOLX currently has a PEG ratio of 2.31. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Medical - Instruments industry had an average PEG ratio of 2.59.
The Medical - Instruments industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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
Hologic, Inc. (HOLX) : 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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Analysts and investors alike will be keeping a close eye on the performance of Hologic in its upcoming earnings disclosure. At the same time, our most recent consensus estimate is projecting a revenue of $978.36 million, reflecting an 8.92% fall from the equivalent quarter last year. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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Hologic (HOLX) closed the most recent trading day at $71.09, moving +0.08% from the previous trading session. 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. Click to get this free report Hologic, Inc. (HOLX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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Hologic (HOLX) closed the most recent trading day at $71.09, moving +0.08% from the previous trading session. By the end of yesterday's trading, the Medical - Instruments industry had an average PEG ratio of 2.59. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
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dd6ebf9e-7524-4f76-9351-cd977c9aee71
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712584.0
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2023-12-12 00:00:00 UTC
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Meta Platforms (META) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/meta-platforms-meta-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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Meta Platforms (META) ended the recent trading session at $333.17, demonstrating a -0.47% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.27%. At the same time, the Dow added 0.43%, and the tech-heavy Nasdaq gained 0.19%.
Coming into today, shares of the social media company had gained 0.61% in the past month. In that same time, the Computer and Technology sector gained 5.93%, while the S&P 500 gained 6.94%.
Analysts and investors alike will be keeping a close eye on the performance of Meta Platforms in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.77, indicating a 59% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $38.66 billion, up 20.2% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $14.32 per share and a revenue of $133.4 billion, demonstrating changes of +45.68% and +14.4%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Meta Platforms. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.39% higher. Meta Platforms is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Meta Platforms's current valuation metrics, including its Forward P/E ratio of 23.38. This represents a discount compared to its industry's average Forward P/E of 39.85.
Meanwhile, META's PEG ratio is currently 1.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. META's industry had an average PEG ratio of 1.78 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 27, putting it in the top 11% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Analysts and investors alike will be keeping a close eye on the performance of Meta Platforms in its upcoming earnings disclosure. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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For the full year, the Zacks Consensus Estimates project earnings of $14.32 per share and a revenue of $133.4 billion, demonstrating changes of +45.68% and +14.4%, respectively, from the preceding year. Over the past month, the Zacks Consensus EPS estimate has moved 0.39% higher. Click to get this free report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In that same time, the Computer and Technology sector gained 5.93%, while the S&P 500 gained 6.94%. Investors might also notice recent changes to analyst estimates for Meta Platforms. Investors should also note Meta Platforms's current valuation metrics, including its Forward P/E ratio of 23.38.
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3708bac7-6c5a-4d42-91c9-3ff9893c7d7d
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712585.0
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2023-12-12 00:00:00 UTC
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Lennar (LEN) Q4 Earnings and Revenues Top Estimates
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DCOMP
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https://www.nasdaq.com/articles/lennar-len-q4-earnings-and-revenues-top-estimates
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nan
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nan
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Lennar (LEN) came out with quarterly earnings of $5.17 per share, beating the Zacks Consensus Estimate of $4.64 per share. This compares to earnings of $5.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 11.42%. A quarter ago, it was expected that this homebuilder would post earnings of $3.47 per share when it actually produced earnings of $3.91, delivering a surprise of 12.68%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Lennar, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $10.97 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 6.09%. This compares to year-ago revenues of $10.17 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Lennar shares have added about 60.4% since the beginning of the year versus the S&P 500's gain of 22.6%.
What's Next for Lennar?
While Lennar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Lennar: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.54 on $6.81 billion in revenues for the coming quarter and $14.89 on $36.05 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders is currently in the top 22% of the 250 plus Zacks industries. 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.
Another stock from the same industry, KB Home (KBH), has yet to report results for the quarter ended November 2023.
This homebuilder is expected to post quarterly earnings of $1.67 per share in its upcoming report, which represents a year-over-year change of -32.4%. The consensus EPS estimate for the quarter has been revised 3.4% lower over the last 30 days to the current level.
KB Home's revenues are expected to be $1.61 billion, down 17.1% from the year-ago quarter.
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Lennar Corporation (LEN) : Free Stock Analysis 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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Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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Lennar, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $10.97 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 6.09%. The current consensus EPS estimate is $2.54 on $6.81 billion in revenues for the coming quarter and $14.89 on $36.05 billion in revenues for the current fiscal year. Click to get this free report Lennar Corporation (LEN) : Free Stock Analysis Report KB Home (KBH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Lennar (LEN) came out with quarterly earnings of $5.17 per share, beating the Zacks Consensus Estimate of $4.64 per share. Lennar, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $10.97 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 6.09%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.
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Lennar (LEN) came out with quarterly earnings of $5.17 per share, beating the Zacks Consensus Estimate of $4.64 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.
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ea3a359c-990b-43fb-bcb8-607a30465758
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712586.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: JPM, BLK, BX
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-jpm-blk-bx
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in JPMorgan Chase & Co (Symbol: JPM), where a total volume of 80,978 contracts has been traded thus far today, a contract volume which is representative of approximately 8.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 100% of JPM's average daily trading volume over the past month, of 8.1 million shares. Particularly high volume was seen for the $165 strike call option expiring December 15, 2023, with 13,550 contracts trading so far today, representing approximately 1.4 million underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $165 strike highlighted in orange:
Blackrock Inc (Symbol: BLK) options are showing a volume of 6,446 contracts thus far today. That number of contracts represents approximately 644,600 underlying shares, working out to a sizeable 95.3% of BLK's average daily trading volume over the past month, of 676,485 shares. Especially high volume was seen for the $775 strike call option expiring December 15, 2023, with 2,146 contracts trading so far today, representing approximately 214,600 underlying shares of BLK. Below is a chart showing BLK's trailing twelve month trading history, with the $775 strike highlighted in orange:
And Blackstone Inc (Symbol: BX) saw options trading volume of 30,729 contracts, representing approximately 3.1 million underlying shares or approximately 95.2% of BX's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $150 strike call option expiring June 21, 2024, with 1,435 contracts trading so far today, representing approximately 143,500 underlying shares of BX. Below is a chart showing BX's trailing twelve month trading history, with the $150 strike highlighted in orange:
For the various different available expirations for JPM options, BLK options, or BX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
APD Stock Predictions
KN market cap history
Funds Holding OPER
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $165 strike call option expiring December 15, 2023, with 13,550 contracts trading so far today, representing approximately 1.4 million underlying shares of JPM. Especially high volume was seen for the $775 strike call option expiring December 15, 2023, with 2,146 contracts trading so far today, representing approximately 214,600 underlying shares of BLK. Especially high volume was seen for the $150 strike call option expiring June 21, 2024, with 1,435 contracts trading so far today, representing approximately 143,500 underlying shares of BX.
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Particularly high volume was seen for the $165 strike call option expiring December 15, 2023, with 13,550 contracts trading so far today, representing approximately 1.4 million underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $165 strike highlighted in orange: Blackrock Inc (Symbol: BLK) options are showing a volume of 6,446 contracts thus far today. Below is a chart showing BLK's trailing twelve month trading history, with the $775 strike highlighted in orange: And Blackstone Inc (Symbol: BX) saw options trading volume of 30,729 contracts, representing approximately 3.1 million underlying shares or approximately 95.2% of BX's average daily trading volume over the past month, of 3.2 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in JPMorgan Chase & Co (Symbol: JPM), where a total volume of 80,978 contracts has been traded thus far today, a contract volume which is representative of approximately 8.1 million underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $165 strike call option expiring December 15, 2023, with 13,550 contracts trading so far today, representing approximately 1.4 million underlying shares of JPM. Below is a chart showing BLK's trailing twelve month trading history, with the $775 strike highlighted in orange: And Blackstone Inc (Symbol: BX) saw options trading volume of 30,729 contracts, representing approximately 3.1 million underlying shares or approximately 95.2% of BX's average daily trading volume over the past month, of 3.2 million shares.
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Particularly high volume was seen for the $165 strike call option expiring December 15, 2023, with 13,550 contracts trading so far today, representing approximately 1.4 million underlying shares of JPM. Especially high volume was seen for the $775 strike call option expiring December 15, 2023, with 2,146 contracts trading so far today, representing approximately 214,600 underlying shares of BLK. Below is a chart showing BLK's trailing twelve month trading history, with the $775 strike highlighted in orange: And Blackstone Inc (Symbol: BX) saw options trading volume of 30,729 contracts, representing approximately 3.1 million underlying shares or approximately 95.2% of BX's average daily trading volume over the past month, of 3.2 million shares.
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7d79e1a2-bda7-4d71-8d30-a135f2adb45f
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712587.0
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2023-12-12 00:00:00 UTC
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US CDC says there's urgent need to increase respiratory vaccine coverage
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DCOMP
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https://www.nasdaq.com/articles/us-cdc-says-theres-urgent-need-to-increase-respiratory-vaccine-coverage
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nan
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Adds vaccination details and background in paragraphs 5 to 7
Dec 14 (Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) on Thursday issued an alert urging healthcare providers to increase immunization coverage for influenza, COVID-19 and respiratory syncytial virus (RSV).
The health regulator said that low vaccination rates, coupled with ongoing increases in respiratory disease activity, could lead to more severe disease and increased healthcare capacity strain in the coming weeks.
Healthcare providers should recommend antiviral medications for influenza and COVID-19 for all eligible patients, especially older adults and people with certain underlying medical condition, the CDC said.
In the past four weeks, hospitalizations among all age groups increased by 200% for influenza, 51% for COVID-19, and 60% for RSV, according to CDC data.
There were 7.4 million fewer influenza vaccine doses administered to adults in pharmacies and physician offices compared with the 2022–2023 influenza season.
Nearly 16% of U.S. adults aged 60 years and higher were reported to have taken an RSV vaccine and 36% of U.S. adults aged 65 years and higher took a COVID-19 shot for the 2023-2024 period.
Pfizer PFE.Nhas COVID and RSV vaccines that are approved in the United States, while Moderna MRNA.Oand Novavax NVAX.Ohave updated COVID shots that are approved in the country.
(Reporting by Christy Santhosh; Editing by Maju Samuel)
((Christy.Santhosh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds vaccination details and background in paragraphs 5 to 7 Dec 14 (Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) on Thursday issued an alert urging healthcare providers to increase immunization coverage for influenza, COVID-19 and respiratory syncytial virus (RSV). The health regulator said that low vaccination rates, coupled with ongoing increases in respiratory disease activity, could lead to more severe disease and increased healthcare capacity strain in the coming weeks. In the past four weeks, hospitalizations among all age groups increased by 200% for influenza, 51% for COVID-19, and 60% for RSV, according to CDC data.
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Adds vaccination details and background in paragraphs 5 to 7 Dec 14 (Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) on Thursday issued an alert urging healthcare providers to increase immunization coverage for influenza, COVID-19 and respiratory syncytial virus (RSV). Nearly 16% of U.S. adults aged 60 years and higher were reported to have taken an RSV vaccine and 36% of U.S. adults aged 65 years and higher took a COVID-19 shot for the 2023-2024 period. Pfizer PFE.Nhas COVID and RSV vaccines that are approved in the United States, while Moderna MRNA.Oand Novavax NVAX.Ohave updated COVID shots that are approved in the country.
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Adds vaccination details and background in paragraphs 5 to 7 Dec 14 (Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) on Thursday issued an alert urging healthcare providers to increase immunization coverage for influenza, COVID-19 and respiratory syncytial virus (RSV). The health regulator said that low vaccination rates, coupled with ongoing increases in respiratory disease activity, could lead to more severe disease and increased healthcare capacity strain in the coming weeks. Nearly 16% of U.S. adults aged 60 years and higher were reported to have taken an RSV vaccine and 36% of U.S. adults aged 65 years and higher took a COVID-19 shot for the 2023-2024 period.
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The health regulator said that low vaccination rates, coupled with ongoing increases in respiratory disease activity, could lead to more severe disease and increased healthcare capacity strain in the coming weeks. Healthcare providers should recommend antiviral medications for influenza and COVID-19 for all eligible patients, especially older adults and people with certain underlying medical condition, the CDC said. In the past four weeks, hospitalizations among all age groups increased by 200% for influenza, 51% for COVID-19, and 60% for RSV, according to CDC data.
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8a23bcb6-7e85-4b77-8fc4-26f50081dde2
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712588.0
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2023-12-12 00:00:00 UTC
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Can Shiba Inu Reach $0.01?
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DCOMP
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https://www.nasdaq.com/articles/can-shiba-inu-reach-%240.01-5
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nan
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The cryptocurrency market never ceases to amaze, with its roller-coaster trends and speculative buzz. One of the coins at the center of attention in recent years is Shiba Inu (CRYPTO: SHIB), a meme coin that has captured the imagination of many investors.
As an ERC20 token on the Ethereum network, Shiba Inu enjoys solid security and the powerful ability to execute smart contracts, but its developers made several choices that make this coin less useful than other Ethereum offshoots. Still, a smart marketing effort using incredibly cute dogs has kept Shiba Inu in the headlines, despite its plunging token price.
A burning question in the minds of these enthusiasts is whether Shiba Inu can hit the elusive $0.01 mark. It's just a penny per digital coin -- that sounds reasonable, right?
Current market trends
In mid-December 2023, Shiba Inu's price hovers around $0.000001 per token. Its total market value is $5.8 billion, based on a circulating supply of 589 trillion tokens.
Forecasts for the year 2023 suggest a modest increase in Shiba Inu's value, with cryptocurrency exchange Changelly predicting approximately $0.0000102 by year-end. Coinpedia disagrees, placing the year-end price target at $0.000014. These predictions are based on technical analysis and social media posts. Analyzing the accuracy of such price forecasts is a topic for another day. For now, let's just say that market watchers expect very mild price gains by the end of 2023.
More to the point, these predictions fall short of the $0.01 mark by several orders of magnitude. I mean, a 2% gain isn't even in the right zip code. The meme coin has a long and difficult road ahead before it's worth a full penny per token.
The Sisyphean task ahead
To reach $0.01, Shiba Inu would require growth that's nothing short of astronomical. A 100-fold increase would barely bring it to $0.001, which is still just a tenth of the desired value. At the same time, achieving such a surge would propel Shiba Inu's market cap to a staggering $577 billion, assuming the current share count remains constant. Depending on what the rest of the crypto market does in the same period, a Shiba Inu worth half a trillion dollars would easily land among the top three digital coins by market value.
This is a formidable challenge, given the scale of growth required and the market dynamics involved.
Token burn: A viable strategy?
One strategy that's often cited to boost Shiba Inu's value is token burning. By sending tokens to so-called burning portals or "black hole" addresses, they are permanently removed from circulation. The recently launched Shibarium offers a different token in return for burning a certain amount of Shiba Inu, with the aim of inspiring a faster voluntary burn rate.
However, to make a significant dent, an enormous amount of Shiba Inu tokens would need to be burned, almost to the point of annihilating the current supply. This scenario seems highly implausible and doesn't present a realistic pathway to reaching the $0.01 target. The honeymoon period of Shibarium's official burn portal resulted in 20 billion burned tokens over the first six days. That sounds like a lot, but 20 billion Shiba Inu coins are only worth $196,000 today. It's a drop in the encrypted ocean.
Practicality in transactions
Another aspect to consider is Shiba Inu's practicality in real-world transactions. Its low price and high token count make it difficult to understand its value and use it for everyday purchases.
For instance, buying a loaf of bread could cost millions of Shiba Inu tokens, a concept that's hard to grasp for the average consumer. I did the math for you, by the way -- 1 million Shiba Inu is worth roughly $10 right now.
And I don't think you want to whip out a calculator to make sure you're getting it right every time you buy something with Shiba Inu. Nobody wants to count zeros before or after the decimal point to make sure the price isn't wrong by a factor of ten or 100. Only a dramatic price increase can fix this issue, but there is no quick and easy way to execute this change.
Since cryptocurrencies mainly earn their value from everyday usage in actual transactions, Shiba Inu's microscopic price becomes a self-fulfilling prophecy.
Conclusion: $0.01 is a distant dream for Shiba Inu
In conclusion, while the crypto market is unpredictable and full of surprises, the prospect of Shiba Inu reaching $0.01 in the near future appears highly unlikely.
The sheer scale of growth required, coupled with practical limitations in usage, makes this target a distant dream. Unless there's a seismic shift in the market dynamics or the value of the U.S. dollar, expecting Shiba Inu to hit $0.01 per token remains a speculative gamble.
So if you're buying Shiba Inu today, I hope you're ready to settle for prices at a fraction of a cent for the foreseeable future. And if that probable outcome doesn't sound appealing, I see several superior investment ideas in the crypto market right now. Their mascots may not be as adorable as a bright-eyed Shiba Inu puppy, but their real-world usage prospects are more robust.
Should you invest $1,000 in Shiba Inu right now?
Before you buy stock in Shiba Inu, consider this:
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Anders Bylund has positions in Ethereum. The Motley Fool has positions in and recommends Ethereum. 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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Forecasts for the year 2023 suggest a modest increase in Shiba Inu's value, with cryptocurrency exchange Changelly predicting approximately $0.0000102 by year-end. At the same time, achieving such a surge would propel Shiba Inu's market cap to a staggering $577 billion, assuming the current share count remains constant. For instance, buying a loaf of bread could cost millions of Shiba Inu tokens, a concept that's hard to grasp for the average consumer.
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Conclusion: $0.01 is a distant dream for Shiba Inu In conclusion, while the crypto market is unpredictable and full of surprises, the prospect of Shiba Inu reaching $0.01 in the near future appears highly unlikely. Unless there's a seismic shift in the market dynamics or the value of the U.S. dollar, expecting Shiba Inu to hit $0.01 per token remains a speculative gamble. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shiba Inu wasn't one of them.
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Current market trends In mid-December 2023, Shiba Inu's price hovers around $0.000001 per token. Conclusion: $0.01 is a distant dream for Shiba Inu In conclusion, while the crypto market is unpredictable and full of surprises, the prospect of Shiba Inu reaching $0.01 in the near future appears highly unlikely. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shiba Inu wasn't one of them.
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The honeymoon period of Shibarium's official burn portal resulted in 20 billion burned tokens over the first six days. Unless there's a seismic shift in the market dynamics or the value of the U.S. dollar, expecting Shiba Inu to hit $0.01 per token remains a speculative gamble. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shiba Inu wasn't one of them.
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325ded7a-fe80-424a-8f1b-e43b9f52fe46
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712589.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: SPG, MCK, GM
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-spg-mck-gm
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Simon Property Group, Inc. (Symbol: SPG), where a total of 8,621 contracts have traded so far, representing approximately 862,100 underlying shares. That amounts to about 58.2% of SPG's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the $145 strike call option expiring April 19, 2024, with 1,034 contracts trading so far today, representing approximately 103,400 underlying shares of SPG. Below is a chart showing SPG's trailing twelve month trading history, with the $145 strike highlighted in orange:
McKesson Corp (Symbol: MCK) saw options trading volume of 4,766 contracts, representing approximately 476,600 underlying shares or approximately 55.1% of MCK's average daily trading volume over the past month, of 864,335 shares. Particularly high volume was seen for the $430 strike put option expiring December 15, 2023, with 690 contracts trading so far today, representing approximately 69,000 underlying shares of MCK. Below is a chart showing MCK's trailing twelve month trading history, with the $430 strike highlighted in orange:
And General Motors Co (Symbol: GM) saw options trading volume of 135,678 contracts, representing approximately 13.6 million underlying shares or approximately 53.7% of GM's average daily trading volume over the past month, of 25.3 million shares. Particularly high volume was seen for the $35 strike call option expiring December 15, 2023, with 16,347 contracts trading so far today, representing approximately 1.6 million underlying shares of GM. Below is a chart showing GM's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for SPG options, MCK options, or GM options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
CAG Dividend Growth Rate
WTT Historical Stock Prices
MTUM market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $145 strike call option expiring April 19, 2024, with 1,034 contracts trading so far today, representing approximately 103,400 underlying shares of SPG. Particularly high volume was seen for the $430 strike put option expiring December 15, 2023, with 690 contracts trading so far today, representing approximately 69,000 underlying shares of MCK. Particularly high volume was seen for the $35 strike call option expiring December 15, 2023, with 16,347 contracts trading so far today, representing approximately 1.6 million underlying shares of GM.
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Below is a chart showing SPG's trailing twelve month trading history, with the $145 strike highlighted in orange: McKesson Corp (Symbol: MCK) saw options trading volume of 4,766 contracts, representing approximately 476,600 underlying shares or approximately 55.1% of MCK's average daily trading volume over the past month, of 864,335 shares. Below is a chart showing MCK's trailing twelve month trading history, with the $430 strike highlighted in orange: And General Motors Co (Symbol: GM) saw options trading volume of 135,678 contracts, representing approximately 13.6 million underlying shares or approximately 53.7% of GM's average daily trading volume over the past month, of 25.3 million shares. Particularly high volume was seen for the $35 strike call option expiring December 15, 2023, with 16,347 contracts trading so far today, representing approximately 1.6 million underlying shares of GM.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Simon Property Group, Inc. (Symbol: SPG), where a total of 8,621 contracts have traded so far, representing approximately 862,100 underlying shares. Below is a chart showing SPG's trailing twelve month trading history, with the $145 strike highlighted in orange: McKesson Corp (Symbol: MCK) saw options trading volume of 4,766 contracts, representing approximately 476,600 underlying shares or approximately 55.1% of MCK's average daily trading volume over the past month, of 864,335 shares. Below is a chart showing MCK's trailing twelve month trading history, with the $430 strike highlighted in orange: And General Motors Co (Symbol: GM) saw options trading volume of 135,678 contracts, representing approximately 13.6 million underlying shares or approximately 53.7% of GM's average daily trading volume over the past month, of 25.3 million shares.
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Below is a chart showing SPG's trailing twelve month trading history, with the $145 strike highlighted in orange: McKesson Corp (Symbol: MCK) saw options trading volume of 4,766 contracts, representing approximately 476,600 underlying shares or approximately 55.1% of MCK's average daily trading volume over the past month, of 864,335 shares. Particularly high volume was seen for the $430 strike put option expiring December 15, 2023, with 690 contracts trading so far today, representing approximately 69,000 underlying shares of MCK. Particularly high volume was seen for the $35 strike call option expiring December 15, 2023, with 16,347 contracts trading so far today, representing approximately 1.6 million underlying shares of GM.
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a3c86fc5-d93b-4846-ae64-21dfd8caaa5b
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712590.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: NEM, SWK, RL
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-nem-swk-rl
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Newmont Corp (Symbol: NEM), where a total of 65,514 contracts have traded so far, representing approximately 6.6 million underlying shares. That amounts to about 49.6% of NEM's average daily trading volume over the past month of 13.2 million shares. Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 11,340 contracts trading so far today, representing approximately 1.1 million underlying shares of NEM. Below is a chart showing NEM's trailing twelve month trading history, with the $55 strike highlighted in orange:
Stanley Black & Decker Inc (Symbol: SWK) options are showing a volume of 5,696 contracts thus far today. That number of contracts represents approximately 569,600 underlying shares, working out to a sizeable 47% of SWK's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $105 strike call option expiring January 19, 2024, with 1,334 contracts trading so far today, representing approximately 133,400 underlying shares of SWK. Below is a chart showing SWK's trailing twelve month trading history, with the $105 strike highlighted in orange:
And Ralph Lauren Corp (Symbol: RL) saw options trading volume of 2,965 contracts, representing approximately 296,500 underlying shares or approximately 43.2% of RL's average daily trading volume over the past month, of 686,990 shares. Particularly high volume was seen for the $150 strike call option expiring April 19, 2024, with 1,046 contracts trading so far today, representing approximately 104,600 underlying shares of RL. Below is a chart showing RL's trailing twelve month trading history, with the $150 strike highlighted in orange:
For the various different available expirations for NEM options, SWK options, or RL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Precious Metals Dividend Stocks
Welltower YTD Return
CTUY Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 11,340 contracts trading so far today, representing approximately 1.1 million underlying shares of NEM. Particularly high volume was seen for the $105 strike call option expiring January 19, 2024, with 1,334 contracts trading so far today, representing approximately 133,400 underlying shares of SWK. Particularly high volume was seen for the $150 strike call option expiring April 19, 2024, with 1,046 contracts trading so far today, representing approximately 104,600 underlying shares of RL.
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Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 11,340 contracts trading so far today, representing approximately 1.1 million underlying shares of NEM. Particularly high volume was seen for the $105 strike call option expiring January 19, 2024, with 1,334 contracts trading so far today, representing approximately 133,400 underlying shares of SWK. Below is a chart showing SWK's trailing twelve month trading history, with the $105 strike highlighted in orange: And Ralph Lauren Corp (Symbol: RL) saw options trading volume of 2,965 contracts, representing approximately 296,500 underlying shares or approximately 43.2% of RL's average daily trading volume over the past month, of 686,990 shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Newmont Corp (Symbol: NEM), where a total of 65,514 contracts have traded so far, representing approximately 6.6 million underlying shares. Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 11,340 contracts trading so far today, representing approximately 1.1 million underlying shares of NEM. Below is a chart showing SWK's trailing twelve month trading history, with the $105 strike highlighted in orange: And Ralph Lauren Corp (Symbol: RL) saw options trading volume of 2,965 contracts, representing approximately 296,500 underlying shares or approximately 43.2% of RL's average daily trading volume over the past month, of 686,990 shares.
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Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 11,340 contracts trading so far today, representing approximately 1.1 million underlying shares of NEM. Below is a chart showing SWK's trailing twelve month trading history, with the $105 strike highlighted in orange: And Ralph Lauren Corp (Symbol: RL) saw options trading volume of 2,965 contracts, representing approximately 296,500 underlying shares or approximately 43.2% of RL's average daily trading volume over the past month, of 686,990 shares. Below is a chart showing RL's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for NEM options, SWK options, or RL options, visit StockOptionsChannel.com.
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b392c399-f7ca-4f04-baa2-eadd8bb0224a
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712591.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: IP, AXP, PNC
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-ip-axp-pnc
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in International Paper Co (Symbol: IP), where a total volume of 21,165 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63% of IP's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $40 strike call option expiring February 16, 2024, with 16,885 contracts trading so far today, representing approximately 1.7 million underlying shares of IP. Below is a chart showing IP's trailing twelve month trading history, with the $40 strike highlighted in orange:
American Express Co. (Symbol: AXP) options are showing a volume of 18,747 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 59.9% of AXP's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $190 strike call option expiring June 21, 2024, with 1,634 contracts trading so far today, representing approximately 163,400 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $190 strike highlighted in orange:
And PNC Financial Services Group (Symbol: PNC) options are showing a volume of 11,971 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 59.2% of PNC's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $155 strike call option expiring June 21, 2024, with 2,531 contracts trading so far today, representing approximately 253,100 underlying shares of PNC. Below is a chart showing PNC's trailing twelve month trading history, with the $155 strike highlighted in orange:
For the various different available expirations for IP options, AXP options, or PNC options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding GYB
KDN Videos
RAIL market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $40 strike call option expiring February 16, 2024, with 16,885 contracts trading so far today, representing approximately 1.7 million underlying shares of IP. Especially high volume was seen for the $190 strike call option expiring June 21, 2024, with 1,634 contracts trading so far today, representing approximately 163,400 underlying shares of AXP. Particularly high volume was seen for the $155 strike call option expiring June 21, 2024, with 2,531 contracts trading so far today, representing approximately 253,100 underlying shares of PNC.
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Below is a chart showing IP's trailing twelve month trading history, with the $40 strike highlighted in orange: American Express Co. (Symbol: AXP) options are showing a volume of 18,747 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 59.9% of AXP's average daily trading volume over the past month, of 3.1 million shares. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 59.2% of PNC's average daily trading volume over the past month, of 2.0 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in International Paper Co (Symbol: IP), where a total volume of 21,165 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 59.9% of AXP's average daily trading volume over the past month, of 3.1 million shares. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 59.2% of PNC's average daily trading volume over the past month, of 2.0 million shares.
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Particularly high volume was seen for the $40 strike call option expiring February 16, 2024, with 16,885 contracts trading so far today, representing approximately 1.7 million underlying shares of IP. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 59.2% of PNC's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing PNC's trailing twelve month trading history, with the $155 strike highlighted in orange: For the various different available expirations for IP options, AXP options, or PNC options, visit StockOptionsChannel.com.
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ec816e1b-fac5-45e9-a86f-bd39ec5684ae
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712592.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: F, HUM, DPZ
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-f-hum-dpz
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Ford Motor Co. (Symbol: F), where a total of 325,717 contracts have traded so far, representing approximately 32.6 million underlying shares. That amounts to about 68.2% of F's average daily trading volume over the past month of 47.7 million shares. Especially high volume was seen for the $12 strike call option expiring December 15, 2023, with 42,492 contracts trading so far today, representing approximately 4.2 million underlying shares of F. Below is a chart showing F's trailing twelve month trading history, with the $12 strike highlighted in orange:
Humana Inc. (Symbol: HUM) options are showing a volume of 10,580 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 66.3% of HUM's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $680 strike call option expiring June 21, 2024, with 445 contracts trading so far today, representing approximately 44,500 underlying shares of HUM. Below is a chart showing HUM's trailing twelve month trading history, with the $680 strike highlighted in orange:
And Dominos Pizza Inc. (Symbol: DPZ) options are showing a volume of 4,010 contracts thus far today. That number of contracts represents approximately 401,000 underlying shares, working out to a sizeable 64.4% of DPZ's average daily trading volume over the past month, of 623,105 shares. Especially high volume was seen for the $370 strike call option expiring December 15, 2023, with 485 contracts trading so far today, representing approximately 48,500 underlying shares of DPZ. Below is a chart showing DPZ's trailing twelve month trading history, with the $370 strike highlighted in orange:
For the various different available expirations for F options, HUM options, or DPZ options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
SA Average Annual Return
Top Ten Hedge Funds Holding FUTS
HUM Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $12 strike call option expiring December 15, 2023, with 42,492 contracts trading so far today, representing approximately 4.2 million underlying shares of F. Below is a chart showing F's trailing twelve month trading history, with the $12 strike highlighted in orange: Humana Inc. (Symbol: HUM) options are showing a volume of 10,580 contracts thus far today. Particularly high volume was seen for the $680 strike call option expiring June 21, 2024, with 445 contracts trading so far today, representing approximately 44,500 underlying shares of HUM. Especially high volume was seen for the $370 strike call option expiring December 15, 2023, with 485 contracts trading so far today, representing approximately 48,500 underlying shares of DPZ.
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Especially high volume was seen for the $12 strike call option expiring December 15, 2023, with 42,492 contracts trading so far today, representing approximately 4.2 million underlying shares of F. Below is a chart showing F's trailing twelve month trading history, with the $12 strike highlighted in orange: Humana Inc. (Symbol: HUM) options are showing a volume of 10,580 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 66.3% of HUM's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing HUM's trailing twelve month trading history, with the $680 strike highlighted in orange: And Dominos Pizza Inc. (Symbol: DPZ) options are showing a volume of 4,010 contracts thus far today.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Ford Motor Co. (Symbol: F), where a total of 325,717 contracts have traded so far, representing approximately 32.6 million underlying shares. Especially high volume was seen for the $12 strike call option expiring December 15, 2023, with 42,492 contracts trading so far today, representing approximately 4.2 million underlying shares of F. Below is a chart showing F's trailing twelve month trading history, with the $12 strike highlighted in orange: Humana Inc. (Symbol: HUM) options are showing a volume of 10,580 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 66.3% of HUM's average daily trading volume over the past month, of 1.6 million shares.
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Especially high volume was seen for the $12 strike call option expiring December 15, 2023, with 42,492 contracts trading so far today, representing approximately 4.2 million underlying shares of F. Below is a chart showing F's trailing twelve month trading history, with the $12 strike highlighted in orange: Humana Inc. (Symbol: HUM) options are showing a volume of 10,580 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 66.3% of HUM's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $370 strike call option expiring December 15, 2023, with 485 contracts trading so far today, representing approximately 48,500 underlying shares of DPZ.
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b2cef346-ad1a-47c4-98f6-6cd3bed3279b
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712593.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: MHK, SLB, WHR
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-mhk-slb-whr
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mohawk Industries, Inc. (Symbol: MHK), where a total volume of 9,096 contracts has been traded thus far today, a contract volume which is representative of approximately 909,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 91.5% of MHK's average daily trading volume over the past month, of 994,475 shares. Particularly high volume was seen for the $105 strike call option expiring January 19, 2024, with 2,571 contracts trading so far today, representing approximately 257,100 underlying shares of MHK. Below is a chart showing MHK's trailing twelve month trading history, with the $105 strike highlighted in orange:
Schlumberger Ltd (Symbol: SLB) options are showing a volume of 81,333 contracts thus far today. That number of contracts represents approximately 8.1 million underlying shares, working out to a sizeable 90.4% of SLB's average daily trading volume over the past month, of 9.0 million shares. Especially high volume was seen for the $57.50 strike put option expiring December 15, 2023, with 11,920 contracts trading so far today, representing approximately 1.2 million underlying shares of SLB. Below is a chart showing SLB's trailing twelve month trading history, with the $57.50 strike highlighted in orange:
And Whirlpool Corp (Symbol: WHR) options are showing a volume of 10,292 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 90.1% of WHR's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $130 strike call option expiring January 19, 2024, with 2,667 contracts trading so far today, representing approximately 266,700 underlying shares of WHR. Below is a chart showing WHR's trailing twelve month trading history, with the $130 strike highlighted in orange:
For the various different available expirations for MHK options, SLB options, or WHR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Stocks Held By Ken Griffin
Top Ten Hedge Funds Holding CSCD
Top Ten Hedge Funds Holding REE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $105 strike call option expiring January 19, 2024, with 2,571 contracts trading so far today, representing approximately 257,100 underlying shares of MHK. Especially high volume was seen for the $57.50 strike put option expiring December 15, 2023, with 11,920 contracts trading so far today, representing approximately 1.2 million underlying shares of SLB. Particularly high volume was seen for the $130 strike call option expiring January 19, 2024, with 2,667 contracts trading so far today, representing approximately 266,700 underlying shares of WHR.
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Below is a chart showing MHK's trailing twelve month trading history, with the $105 strike highlighted in orange: Schlumberger Ltd (Symbol: SLB) options are showing a volume of 81,333 contracts thus far today. That number of contracts represents approximately 8.1 million underlying shares, working out to a sizeable 90.4% of SLB's average daily trading volume over the past month, of 9.0 million shares. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 90.1% of WHR's average daily trading volume over the past month, of 1.1 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mohawk Industries, Inc. (Symbol: MHK), where a total volume of 9,096 contracts has been traded thus far today, a contract volume which is representative of approximately 909,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 8.1 million underlying shares, working out to a sizeable 90.4% of SLB's average daily trading volume over the past month, of 9.0 million shares. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 90.1% of WHR's average daily trading volume over the past month, of 1.1 million shares.
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Particularly high volume was seen for the $105 strike call option expiring January 19, 2024, with 2,571 contracts trading so far today, representing approximately 257,100 underlying shares of MHK. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 90.1% of WHR's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing WHR's trailing twelve month trading history, with the $130 strike highlighted in orange: For the various different available expirations for MHK options, SLB options, or WHR options, visit StockOptionsChannel.com.
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f83c2182-1b65-4aa8-be82-5ed3d87f6672
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712594.0
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2023-12-12 00:00:00 UTC
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Thursday Sector Laggards: Utilities, Services
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DCOMP
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https://www.nasdaq.com/articles/thursday-sector-laggards%3A-utilities-services-0
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nan
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nan
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Looking at the sectors faring worst as of midday Thursday, shares of Utilities companies are underperforming other sectors, showing a 0.9% loss. Within the sector, Exelon Corp (Symbol: EXC) and Ameren Corp (Symbol: AEE) are two large stocks that are lagging, showing a loss of 6.5% and 6.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and down 4.90% year-to-date. Exelon Corp, meanwhile, is down 7.81% year-to-date, and Ameren Corp, is down 10.74% year-to-date. Combined, EXC and AEE make up approximately 6.5% of the underlying holdings of XLU.
The next worst performing sector is the Services sector, higher by 0.7%. Among large Services stocks, Willis Towers Watson Public Ltd Co (Symbol: WTW) and O'Reilly Automotive, Inc. (Symbol: ORLY) are the most notable, showing a loss of 3.7% and 3.7%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.4% in midday trading, and up 32.91% on a year-to-date basis. Willis Towers Watson Public Ltd Co, meanwhile, is down 1.76% year-to-date, and O'Reilly Automotive, Inc. is up 12.63% year-to-date. ORLY makes up approximately 1.1% of the underlying holdings of IYC.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, eight sectors are up on the day, while one sector is down.
SECTOR % CHANGE
Energy +2.5%
Materials +2.3%
Financial +2.0%
Technology & Communications +1.0%
Industrial +1.0%
Consumer Products +0.9%
Services +0.7%
Healthcare +0.7%
Utilities -0.9%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
Top Ten Hedge Funds Holding CHCO
Institutional Holders of MBII
Funds Holding PLYA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, EXC and AEE make up approximately 6.5% of the underlying holdings of XLU. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. Energy +2.5% Materials +2.3% Financial +2.0% Technology & Communications +1.0% Industrial +1.0% Consumer Products +0.9% Services +0.7% Healthcare +0.7% Utilities -0.9% 10 ETFs With Stocks That Insiders Are Buying » Also see: Top Ten Hedge Funds Holding CHCO Institutional Holders of MBII Funds Holding PLYA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within the sector, Exelon Corp (Symbol: EXC) and Ameren Corp (Symbol: AEE) are two large stocks that are lagging, showing a loss of 6.5% and 6.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and down 4.90% year-to-date. Among large Services stocks, Willis Towers Watson Public Ltd Co (Symbol: WTW) and O'Reilly Automotive, Inc. (Symbol: ORLY) are the most notable, showing a loss of 3.7% and 3.7%, respectively.
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Within the sector, Exelon Corp (Symbol: EXC) and Ameren Corp (Symbol: AEE) are two large stocks that are lagging, showing a loss of 6.5% and 6.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and down 4.90% year-to-date. Energy +2.5% Materials +2.3% Financial +2.0% Technology & Communications +1.0% Industrial +1.0% Consumer Products +0.9% Services +0.7% Healthcare +0.7% Utilities -0.9% 10 ETFs With Stocks That Insiders Are Buying » Also see: Top Ten Hedge Funds Holding CHCO Institutional Holders of MBII Funds Holding PLYA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the sectors faring worst as of midday Thursday, shares of Utilities companies are underperforming other sectors, showing a 0.9% loss. Within the sector, Exelon Corp (Symbol: EXC) and Ameren Corp (Symbol: AEE) are two large stocks that are lagging, showing a loss of 6.5% and 6.0%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.4% in midday trading, and up 32.91% on a year-to-date basis.
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5866f7b0-0498-4ef2-98a7-f977e9d8aaec
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712595.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: WMT, ZION, GE
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-wmt-zion-ge
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Walmart Inc (Symbol: WMT), where a total of 80,235 contracts have traded so far, representing approximately 8.0 million underlying shares. That amounts to about 75.4% of WMT's average daily trading volume over the past month of 10.6 million shares. Especially high volume was seen for the $155 strike call option expiring December 15, 2023, with 7,910 contracts trading so far today, representing approximately 791,000 underlying shares of WMT. Below is a chart showing WMT's trailing twelve month trading history, with the $155 strike highlighted in orange:
Zions Bancorporation, N.A. (Symbol: ZION) options are showing a volume of 16,416 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 75.3% of ZION's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $37.50 strike put option expiring January 19, 2024, with 4,500 contracts trading so far today, representing approximately 450,000 underlying shares of ZION. Below is a chart showing ZION's trailing twelve month trading history, with the $37.50 strike highlighted in orange:
And General Electric Co (Symbol: GE) saw options trading volume of 27,994 contracts, representing approximately 2.8 million underlying shares or approximately 73.1% of GE's average daily trading volume over the past month, of 3.8 million shares. Especially high volume was seen for the $105 strike call option expiring March 15, 2024, with 18,016 contracts trading so far today, representing approximately 1.8 million underlying shares of GE. Below is a chart showing GE's trailing twelve month trading history, with the $105 strike highlighted in orange:
For the various different available expirations for WMT options, ZION options, or GE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Dividend Stocks
FOSL market cap history
VO shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $155 strike call option expiring December 15, 2023, with 7,910 contracts trading so far today, representing approximately 791,000 underlying shares of WMT. Especially high volume was seen for the $37.50 strike put option expiring January 19, 2024, with 4,500 contracts trading so far today, representing approximately 450,000 underlying shares of ZION. Especially high volume was seen for the $105 strike call option expiring March 15, 2024, with 18,016 contracts trading so far today, representing approximately 1.8 million underlying shares of GE.
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Below is a chart showing WMT's trailing twelve month trading history, with the $155 strike highlighted in orange: Zions Bancorporation, N.A. Below is a chart showing ZION's trailing twelve month trading history, with the $37.50 strike highlighted in orange: And General Electric Co (Symbol: GE) saw options trading volume of 27,994 contracts, representing approximately 2.8 million underlying shares or approximately 73.1% of GE's average daily trading volume over the past month, of 3.8 million shares. Especially high volume was seen for the $105 strike call option expiring March 15, 2024, with 18,016 contracts trading so far today, representing approximately 1.8 million underlying shares of GE.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Walmart Inc (Symbol: WMT), where a total of 80,235 contracts have traded so far, representing approximately 8.0 million underlying shares. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 75.3% of ZION's average daily trading volume over the past month, of 2.2 million shares. Below is a chart showing ZION's trailing twelve month trading history, with the $37.50 strike highlighted in orange: And General Electric Co (Symbol: GE) saw options trading volume of 27,994 contracts, representing approximately 2.8 million underlying shares or approximately 73.1% of GE's average daily trading volume over the past month, of 3.8 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Walmart Inc (Symbol: WMT), where a total of 80,235 contracts have traded so far, representing approximately 8.0 million underlying shares. Below is a chart showing ZION's trailing twelve month trading history, with the $37.50 strike highlighted in orange: And General Electric Co (Symbol: GE) saw options trading volume of 27,994 contracts, representing approximately 2.8 million underlying shares or approximately 73.1% of GE's average daily trading volume over the past month, of 3.8 million shares. Below is a chart showing GE's trailing twelve month trading history, with the $105 strike highlighted in orange: For the various different available expirations for WMT options, ZION options, or GE options, visit StockOptionsChannel.com.
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1824fd1d-e67a-423a-8700-b6861352df16
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712596.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: BAC, PYPL, MS
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-bac-pypl-ms
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Bank of America Corp (Symbol: BAC), where a total of 553,401 contracts have traded so far, representing approximately 55.3 million underlying shares. That amounts to about 134.3% of BAC's average daily trading volume over the past month of 41.2 million shares. Particularly high volume was seen for the $35 strike call option expiring January 19, 2024, with 28,249 contracts trading so far today, representing approximately 2.8 million underlying shares of BAC. Below is a chart showing BAC's trailing twelve month trading history, with the $35 strike highlighted in orange:
PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 200,869 contracts, representing approximately 20.1 million underlying shares or approximately 126.3% of PYPL's average daily trading volume over the past month, of 15.9 million shares. Particularly high volume was seen for the $65 strike call option expiring January 19, 2024, with 13,130 contracts trading so far today, representing approximately 1.3 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $65 strike highlighted in orange:
And Morgan Stanley (Symbol: MS) saw options trading volume of 82,144 contracts, representing approximately 8.2 million underlying shares or approximately 114% of MS's average daily trading volume over the past month, of 7.2 million shares. Particularly high volume was seen for the $90 strike put option expiring February 16, 2024, with 5,292 contracts trading so far today, representing approximately 529,200 underlying shares of MS. Below is a chart showing MS's trailing twelve month trading history, with the $90 strike highlighted in orange:
For the various different available expirations for BAC options, PYPL options, or MS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding RYAN
KRBP Historical Stock Prices
Funds Holding MAPS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $35 strike call option expiring January 19, 2024, with 28,249 contracts trading so far today, representing approximately 2.8 million underlying shares of BAC. Particularly high volume was seen for the $65 strike call option expiring January 19, 2024, with 13,130 contracts trading so far today, representing approximately 1.3 million underlying shares of PYPL. Today's Most Active Call & Put Options of the S&P 500 » Also see: Top Ten Hedge Funds Holding RYAN KRBP Historical Stock Prices Funds Holding MAPS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $35 strike call option expiring January 19, 2024, with 28,249 contracts trading so far today, representing approximately 2.8 million underlying shares of BAC. Below is a chart showing BAC's trailing twelve month trading history, with the $35 strike highlighted in orange: PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 200,869 contracts, representing approximately 20.1 million underlying shares or approximately 126.3% of PYPL's average daily trading volume over the past month, of 15.9 million shares. Below is a chart showing PYPL's trailing twelve month trading history, with the $65 strike highlighted in orange: And Morgan Stanley (Symbol: MS) saw options trading volume of 82,144 contracts, representing approximately 8.2 million underlying shares or approximately 114% of MS's average daily trading volume over the past month, of 7.2 million shares.
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Below is a chart showing BAC's trailing twelve month trading history, with the $35 strike highlighted in orange: PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 200,869 contracts, representing approximately 20.1 million underlying shares or approximately 126.3% of PYPL's average daily trading volume over the past month, of 15.9 million shares. Below is a chart showing PYPL's trailing twelve month trading history, with the $65 strike highlighted in orange: And Morgan Stanley (Symbol: MS) saw options trading volume of 82,144 contracts, representing approximately 8.2 million underlying shares or approximately 114% of MS's average daily trading volume over the past month, of 7.2 million shares. Particularly high volume was seen for the $90 strike put option expiring February 16, 2024, with 5,292 contracts trading so far today, representing approximately 529,200 underlying shares of MS. Below is a chart showing MS's trailing twelve month trading history, with the $90 strike highlighted in orange: For the various different available expirations for BAC options, PYPL options, or MS options, visit StockOptionsChannel.com.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Bank of America Corp (Symbol: BAC), where a total of 553,401 contracts have traded so far, representing approximately 55.3 million underlying shares. Below is a chart showing BAC's trailing twelve month trading history, with the $35 strike highlighted in orange: PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 200,869 contracts, representing approximately 20.1 million underlying shares or approximately 126.3% of PYPL's average daily trading volume over the past month, of 15.9 million shares. Particularly high volume was seen for the $90 strike put option expiring February 16, 2024, with 5,292 contracts trading so far today, representing approximately 529,200 underlying shares of MS. Below is a chart showing MS's trailing twelve month trading history, with the $90 strike highlighted in orange: For the various different available expirations for BAC options, PYPL options, or MS options, visit StockOptionsChannel.com.
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21f07667-651c-4576-8c18-570cea5f5930
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712597.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: UNH, QCOM, COF
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-unh-qcom-cof
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in UnitedHealth Group Inc (Symbol: UNH), where a total of 20,810 contracts have traded so far, representing approximately 2.1 million underlying shares. That amounts to about 72.4% of UNH's average daily trading volume over the past month of 2.9 million shares. Particularly high volume was seen for the $540 strike call option expiring December 15, 2023, with 920 contracts trading so far today, representing approximately 92,000 underlying shares of UNH. Below is a chart showing UNH's trailing twelve month trading history, with the $540 strike highlighted in orange:
Qualcomm Inc (Symbol: QCOM) options are showing a volume of 60,395 contracts thus far today. That number of contracts represents approximately 6.0 million underlying shares, working out to a sizeable 71.6% of QCOM's average daily trading volume over the past month, of 8.4 million shares. Especially high volume was seen for the $160 strike put option expiring January 19, 2024, with 5,359 contracts trading so far today, representing approximately 535,900 underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $160 strike highlighted in orange:
And Capital One Financial Corp (Symbol: COF) options are showing a volume of 18,577 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 70.8% of COF's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $130 strike call option expiring January 19, 2024, with 4,200 contracts trading so far today, representing approximately 420,000 underlying shares of COF. Below is a chart showing COF's trailing twelve month trading history, with the $130 strike highlighted in orange:
For the various different available expirations for UNH options, QCOM options, or COF options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
PCOM Historical Stock Prices
Top Ten Hedge Funds Holding CUK
Darden Restaurants Next Earnings Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $540 strike call option expiring December 15, 2023, with 920 contracts trading so far today, representing approximately 92,000 underlying shares of UNH. Especially high volume was seen for the $160 strike put option expiring January 19, 2024, with 5,359 contracts trading so far today, representing approximately 535,900 underlying shares of QCOM. Particularly high volume was seen for the $130 strike call option expiring January 19, 2024, with 4,200 contracts trading so far today, representing approximately 420,000 underlying shares of COF.
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Below is a chart showing UNH's trailing twelve month trading history, with the $540 strike highlighted in orange: Qualcomm Inc (Symbol: QCOM) options are showing a volume of 60,395 contracts thus far today. That number of contracts represents approximately 6.0 million underlying shares, working out to a sizeable 71.6% of QCOM's average daily trading volume over the past month, of 8.4 million shares. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 70.8% of COF's average daily trading volume over the past month, of 2.6 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in UnitedHealth Group Inc (Symbol: UNH), where a total of 20,810 contracts have traded so far, representing approximately 2.1 million underlying shares. That number of contracts represents approximately 6.0 million underlying shares, working out to a sizeable 71.6% of QCOM's average daily trading volume over the past month, of 8.4 million shares. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 70.8% of COF's average daily trading volume over the past month, of 2.6 million shares.
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That number of contracts represents approximately 6.0 million underlying shares, working out to a sizeable 71.6% of QCOM's average daily trading volume over the past month, of 8.4 million shares. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 70.8% of COF's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing COF's trailing twelve month trading history, with the $130 strike highlighted in orange: For the various different available expirations for UNH options, QCOM options, or COF options, visit StockOptionsChannel.com.
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be9b7bec-df15-447d-9fa9-0316a2dcb761
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712598.0
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2023-12-12 00:00:00 UTC
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The 3 Most Undervalued Warren Buffett Stocks to Buy in December
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DCOMP
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https://www.nasdaq.com/articles/the-3-most-undervalued-warren-buffett-stocks-to-buy-in-december
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
I have great respect for Warren Buffett. He’s one of the great “buy-and-hold” investors of all time. The man excels at identifying undervalued, high-quality stocks that are poised to climb over the long term. The Oracle of Omaha, as Buffett is sometimes called, also frequently invests in equities that both pay significant dividends and enable investors to benefit from their price gains. As a result, he gets paid to wait for these stocks to rally. However, Buffett certainly isn’t always right. He was wrong to sell airline stocks towards the beginning of the pandemic and his oil stocks are taking a pounding lately. Having said that, I still believe that there are many, great, undervalued Warren Buffett stocks from which to choose. Here are three such names for longer-term investors to consider.
Nu Holdings (NU)
Source: Joyseulay / Shutterstock.com
As of the end of the third quarter, Buffett owned 107 million shares of Nu Holdings (NYSE:NU), a Latin American fintech company.
Nu is growing rapidly while generating huge profits. Last quarter, it added a net total of 5.4 million new customers, and it became Brazil’s ” fourth-largest financial institution by number of customers,” according to the firm. Its average revenue per customer jumped 18% versus the same period a year earlier, while its overall top line, excluding foreign currency fluctuations, soared 53% year-over-year to $2.1 billion. Finally, its net income, excluding some items, jumped to $355.6 million from $63.1 million in Q3 of 2022.
At least two billionaires besides Buffett owned NU stock as of the end of Q3, with both Daniel Sundheim and Lee Ainslie buying sizeable amounts of the shares.
Given the company’s very rapid growth, its 25.4 forward price-earnings ratio makes it one of the most undervalued. Warren Buffett stocks.
Bank of America (BAC)
Source: Andriy Blokhin / Shutterstock.com
As of the end of Q3, Buffett owned 1.03 billion shares of Bank of America (NYSE:BAC) stock. The Oracle is one of the relatively few large investors who are fond of BAC, as many mutual funds are under weight the shares while a multitude of hedge funds are shorting it, Goldman Sachs reported earlier this month.
Nonetheless, after the Federal Reserve on Dec. 13 indicated that it was poised to cut interest rates three times next year, I expect BAC to have a great 2024. That’s because the bank’s shares have been in the dog house on Wall Street due to the fact that much of its balance sheet consists of bonds whose value has been pummeled as a result of interest rate increases.
But now, with the Fed turning quite dovish, rates are sinking, causing bonds’ value to surge. Furthermore, the latter phenomenon, in turn, should do wonders for BAC’s popularity on Wall Street.
Indeed, in the month that ended on Dec. 14, BAC climbed 8.5%.
Nevertheless, the shares, which have a significant dividend yield of 3%, still have an extremely low price-earnings ratio of nine.
HP (HPQ)
Source: Shutterstock
Buffett has cut his holdings in HP (NYSE:HPQ) stock by almost 60% in recent months. The multi-billionaire, however, still has a 5% stake in the firm that’s now worth $1.6 billion.
And for income investors and conservative investors, I view HPQ stock as a good pick at this point.
Research firm Canalys is predicting that PC sales will climb by 5% in Q4 and 8% in 2024,. That phenomenon would certainly improve HP’s financial performance. What’s more, the AI revolution is widely expected to cause PC sales to surge, as PCs with localized AI capabilities become popular.
Despite these significant, positive drivers, HPQ stock, which has a meaningful dividend yield of 3.65%, has a very low forward price-earnings ratio of 8.65 times. If you plan on investing in undervalued Warren Buffett stocks, start here.
On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
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The post The 3 Most Undervalued Warren Buffett 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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Its average revenue per customer jumped 18% versus the same period a year earlier, while its overall top line, excluding foreign currency fluctuations, soared 53% year-over-year to $2.1 billion. That’s because the bank’s shares have been in the dog house on Wall Street due to the fact that much of its balance sheet consists of bonds whose value has been pummeled as a result of interest rate increases. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued Warren Buffett Stocks to Buy in December appeared first on InvestorPlace.
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Nu Holdings (NU) Source: Joyseulay / Shutterstock.com As of the end of the third quarter, Buffett owned 107 million shares of Nu Holdings (NYSE:NU), a Latin American fintech company. Bank of America (BAC) Source: Andriy Blokhin / Shutterstock.com As of the end of Q3, Buffett owned 1.03 billion shares of Bank of America (NYSE:BAC) stock. Source: Shutterstock Buffett has cut his holdings in HP (NYSE:HPQ) stock by almost 60% in recent months.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips I have great respect for Warren Buffett. Nu Holdings (NU) Source: Joyseulay / Shutterstock.com As of the end of the third quarter, Buffett owned 107 million shares of Nu Holdings (NYSE:NU), a Latin American fintech company. Bank of America (BAC) Source: Andriy Blokhin / Shutterstock.com As of the end of Q3, Buffett owned 1.03 billion shares of Bank of America (NYSE:BAC) stock.
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Having said that, I still believe that there are many, great, undervalued Warren Buffett stocks from which to choose. Indeed, in the month that ended on Dec. 14, BAC climbed 8.5%. And for income investors and conservative investors, I view HPQ stock as a good pick at this point.
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72f3df0b-5671-4b24-8411-67226a1465d6
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712599.0
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2023-12-12 00:00:00 UTC
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Digital Realty Trust's Series K Preferred Shares Push Past 6%
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DCOMP
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https://www.nasdaq.com/articles/digital-realty-trusts-series-k-preferred-shares-push-past-6
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nan
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nan
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In trading on Thursday, shares of Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $24.32 on the day. This compares to an average yield of 8.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, DLR.PRK was trading at a 1.84% discount to its liquidation preference amount, versus the average discount of 15.17% in the "Real Estate" category.
Below is a dividend history chart for DLR.PRK, showing historical dividend payments on Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock:
In Thursday trading, Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) is currently up about 1.6% on the day, while the common shares (Symbol: DLR) are off about 1.7%.
Click here to find out the 50 highest yielding preferreds »
Also see:
FNLC Historical Stock Prices
Institutional Holders of NIO
Institutional Holders of SJIJ
The views and 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 Thursday, shares of Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $24.32 on the day. Below is a dividend history chart for DLR.PRK, showing historical dividend payments on Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock: In Thursday trading, Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) is currently up about 1.6% on the day, while the common shares (Symbol: DLR) are off about 1.7%. Click here to find out the 50 highest yielding preferreds » Also see: FNLC Historical Stock Prices Institutional Holders of NIO Institutional Holders of SJIJ The views and 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 Thursday, shares of Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $24.32 on the day. This compares to an average yield of 8.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Below is a dividend history chart for DLR.PRK, showing historical dividend payments on Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock: In Thursday trading, Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) is currently up about 1.6% on the day, while the common shares (Symbol: DLR) are off about 1.7%.
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In trading on Thursday, shares of Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $24.32 on the day. This compares to an average yield of 8.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Below is a dividend history chart for DLR.PRK, showing historical dividend payments on Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock: In Thursday trading, Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) is currently up about 1.6% on the day, while the common shares (Symbol: DLR) are off about 1.7%.
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In trading on Thursday, shares of Digital Realty Trust Inc's 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $24.32 on the day. This compares to an average yield of 8.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, DLR.PRK was trading at a 1.84% discount to its liquidation preference amount, versus the average discount of 15.17% in the "Real Estate" category.
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11e5287c-fed0-4725-8b5b-45a07f2e317e
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