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712600.0
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2023-12-12 00:00:00 UTC
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Judge tentatively rules Musk must testify again in SEC Twitter probe
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DCOMP
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https://www.nasdaq.com/articles/judge-tentatively-rules-musk-must-testify-again-in-sec-twitter-probe
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(New throughout, adds judge's tentative ruling)
By Chris Prentice and Jody Godoy
Dec 14 (Reuters) -
A federal judge in San Francisco on Thursday tentatively ruled that billionaire Elon Musk must testify again for the U.S. Securities and Exchange Commission's investigation of his $44 billion takeover of Twitter.
During a hearing, U.S. Magistrate Judge Laurel Beeler quickly rejected arguments by Musk's attorney that SEC officials do not have the authority to issue subpoenas, saying the agency has broad investigative powers and that no judge would "second guess" an SEC probe.
She said Musk and the SEC must agree to a date for the world's richest person to provide another day of testimony, or she would set a date.
"You’ve got one more four-hour deposition, one more day of depositions to survive and it’s over. It seems unlikely there’s going to be any more hassle," she said.
The SEC sued Musk in October to compel the Tesla and SpaceX CEO to testify as part of an investigation into his 2022 purchase of social media giant Twitter, which he subsequently renamed X. Musk refused to attend a September interview for the probe, the SEC said.
The agency is examining whether Musk followed the law when filing the required paperwork with the agency about his purchases in Twitter stock, and whether his statements in relation to the deal were misleading.
The court hearing is the latest spat in a years-long feud between Musk and the top U.S. markets regulator, dating back to 2018 when he tweeted that he had "funding secured" to take the electric carmaker private.
The SEC has been probing Musk's Twitter takeover since April 2022, when he first disclosed he had purchased stock in the company. Musk gave the SEC documents for its probe and testified via videoconference for two half-day sessions that July, the SEC said in its filing. SEC attorneys said they have more questions for Musk after receiving new documents, and had sought additional testimony in September, but Musk would not comply.
In response to the SEC's October lawsuit, Musk's lawyers urged Beeler to deny the SEC's request, calling the probe misguided. "The SEC's pursuit of Mr. Musk has crossed the line into harassment," they wrote in a filing last month. They argued that individual SEC attorneys do not have the legal authority to issue subpoenas for testimony.
The SEC rejected those claims, saying agency officials have legal authority to seek additional testimony as probes evolve.
On Thursday, Beeler within minutes sided with the SEC, emphatically dismissing Musk's attorney's arguments, although she conceded the demands of long-running investigations can be "frustrating."
TWITTER TAKEOVER
Musk and the SEC have been sparring since his "funding secured" tweet in 2018. The SEC settled that case but the commission sued Musk again in 2019 for allegedly breaching a that settlement. The tweets also prompted a shareholder lawsuit. A jury in February found Musk was not liable for misleading investors.
Over the years, the agency has opened multiple other probes into Musk and Tesla.
On April 4, 2022, Musk disclosed he had acquired a 9.2% stake in Twitter. It was 11 days after the SEC's deadline for such disclosures. Musk initially indicated via that regulatory filing that he planned to be a passive stakeholder, meaning he did not plan to take over the company.
Later that month, however, he announced plans to buy Twitter for $44 billion. He subsequently tried to get out of the deal, alleging Twitter was not disclosing the full extent of bot activity on its platform.
After being sued to complete the deal, Musk closed his acquisition of Twitter in late October 2022. (Reporting by Chris Prentice; Additional reporting by Jody Godoy in New York; Editing by Michelle Price and David Gregorio) ((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;)) Keywords: USA SEC/MUSK (UPDATE 1, PIX)
The views and 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 court hearing is the latest spat in a years-long feud between Musk and the top U.S. markets regulator, dating back to 2018 when he tweeted that he had "funding secured" to take the electric carmaker private. The SEC rejected those claims, saying agency officials have legal authority to seek additional testimony as probes evolve. On Thursday, Beeler within minutes sided with the SEC, emphatically dismissing Musk's attorney's arguments, although she conceded the demands of long-running investigations can be "frustrating."
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(New throughout, adds judge's tentative ruling) By Chris Prentice and Jody Godoy Dec 14 (Reuters) - A federal judge in San Francisco on Thursday tentatively ruled that billionaire Elon Musk must testify again for the U.S. Securities and Exchange Commission's investigation of his $44 billion takeover of Twitter. During a hearing, U.S. Magistrate Judge Laurel Beeler quickly rejected arguments by Musk's attorney that SEC officials do not have the authority to issue subpoenas, saying the agency has broad investigative powers and that no judge would "second guess" an SEC probe. (Reporting by Chris Prentice; Additional reporting by Jody Godoy in New York; Editing by Michelle Price and David Gregorio) ((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;)) Keywords: USA SEC/MUSK (UPDATE 1, PIX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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During a hearing, U.S. Magistrate Judge Laurel Beeler quickly rejected arguments by Musk's attorney that SEC officials do not have the authority to issue subpoenas, saying the agency has broad investigative powers and that no judge would "second guess" an SEC probe. The SEC sued Musk in October to compel the Tesla and SpaceX CEO to testify as part of an investigation into his 2022 purchase of social media giant Twitter, which he subsequently renamed X. Musk refused to attend a September interview for the probe, the SEC said. SEC attorneys said they have more questions for Musk after receiving new documents, and had sought additional testimony in September, but Musk would not comply.
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During a hearing, U.S. Magistrate Judge Laurel Beeler quickly rejected arguments by Musk's attorney that SEC officials do not have the authority to issue subpoenas, saying the agency has broad investigative powers and that no judge would "second guess" an SEC probe. The SEC has been probing Musk's Twitter takeover since April 2022, when he first disclosed he had purchased stock in the company. He subsequently tried to get out of the deal, alleging Twitter was not disclosing the full extent of bot activity on its platform.
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301e6fa8-c0c5-4629-be11-ccc539dbb7a6
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712601.0
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2023-12-12 00:00:00 UTC
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I’ve Got 5 Stocks and 5 DTEs: Which Call Should I Buy?
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DCOMP
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https://www.nasdaq.com/articles/ive-got-5-stocks-and-5-dtes%3A-which-call-should-i-buy
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nan
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nan
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As we move through the holiday season, trading activity will indeed slow. However, with one work week left before much of Wall Street and Main Street shut down, I thought I’d look at Wednesday’s unusual call options activity to find some exciting bets.
I've scanned the Barchart.com options data to look for patterns emerging. In a bit of a twist, I’ve noticed multiple stocks from yesterday's trading with two or more call options expiring on the same day.
It might be interesting to take five of those stocks that, for good or bad, are compelling possibilities and come up with the best bet among them.
The Stocks In Question
The five names are Ford (F), Gildan (GILD), Pfizer (PFE), PDD Holdings (PDD), and United Rentals (URI).
At least two of them, Pfizer and Gildan, were in the news this week, not in a good way.
Of the other three, my favorite long-term buy would be URI. An equipment rental business might be what Wayne Huizenga -- he founded three Fortune 500 companies in his lifetime: Waste Management (WM), Blockbuster Video, and AutoNation (AN) -- would be running today were he still alive.
You buy inventory, rent it out repeatedly until you’ve paid off the equipment, and then watch the cash flow take off. United Rentals is such a business. However, its inventory is a little more expensive than videotapes.
Now, let’s look at each of the five stocks and their unusually active call options.
United Rentals
Starting with the best of the five, United Rentals had two unusually active call options on Wednesday with a volume-to-open-interest ratio of 1.25 or higher.
The two calls: June 21/2024 $700 and June 21/2024 $680. Both expire in 190 days. Both are significantly out of the money. The former had an ask price of $9.90 and a down payment of 1.4%. Anything under 3% is a good bet. The delta was 0.16107. The latter’s ask price was $12.70, with a 1.9% down payment and a 0.19421 delta.
My instinct is always to go for the lowest ultimate price you would pay were you to exercise your right to buy the shares. With the latter, you’d pay $692.70, $17.20 less than the former.
The tricky part for either of them is that the URI shares must appreciate by at least 28% over the next seven months to make it worthwhile for you. There’s no question United Rental’s stock has the right stuff to make such a move -- it’s up 34% over the past six months and 416% over the past five years -- but we have no idea what’s in store for the economy in 2024, other than the fact we’ll likely see some rate cutting.
Considering the deltas, you could double your money on the $700 call with a $61.46 move higher, compared to a $65.39 move for the $680 call.
Ultimately, if you want to own URI stock, the lower net price is the way to go, making the $680 call the better bet.
Onto the other four names.
PDD Holdings
PDD Holdings is the holding company that operates the Pinduoduo e-commerce platform in China and the Temu e-commerce platform in the U.S. and internationally. Since hitting its March 2022 low of around $32, PDD stock’s been on a tear, up 366%, and only $62 from its all-time high of $212.60 in February 2021.
PDD reported blowout earnings in late November, crushing analyst expectations. It earned $1.64 a share on revenue of $9.7 billion. t=The top line exceeded expectations by 25%, while the bottom line was 34% higher than the consensus estimate.
With operating margins above 26% and very little debt, PDD gives URI’s business a run for its money and then some. The only downside is that some investors are hesitant to own Chinese companies.
The calls in question are the June 21/2024 $175 call and June 21/2024 $165 call. Their respective ask prices from Wednesday were $21.75 and $24.95, representing 12.4% and 15.1% down payments, respectively. The further out the expiry date, the higher the ask price.
With a double-digit down payment, unless there’s a big move in the first 200 days, I will be looking to sell the options before the 400 days expire. The $165 call gives me a better chance to do so. The shares need to increase by $43.85, $1.84 less than the $175.
That, in itself, requires a 30% move. I wouldn’t dish out $2,495 for the $165 call, but that doesn’t mean you shouldn’t.
Ford
With the Ford calls, we’re going way out. Funnily enough, there are two calls with 736 days to expire and two with 764 until expiration. Both have $20 and $22 strikes.
At first, I was going to go with the 764 DTE, but the 736s have the lowest ask at $0.21, a 1% down payment on the Dec. 19/2024 $22 call. With two years to expiry, Ford has plenty of time to determine where it wants to go with its electric vehicle (EV) program.
The company said it would delay about $12 billion in EV manufacturing investments in October, citing an unmotivated North American consumer.
“The customer is going to decide what the volumes are,” CNBC reported Ford CFO John Lawler’s October comments. “Ford is able to balance production of gas, hybrid and electric vehicles to match the speed of EV adoption in a way that others can’t.”
Ford stock dropped below $10 on the news. It gained all that back and then some with a November and December rally.
Currently trading around $11.80, it will have to nearly double over the next two years for you to consider exercising your right to buy at $22. Only once in the 21st century has its share price traded above $20: January 2022.
Fortunately, the bet’s just $21.
Gildan
Gildan is the first of two names making news this week, in a bad way.
Co-founder and longtime CEO Glenn Chamandy was bounced from the top job by the board after serving as chief executive of the apparel and sock manufacturer since August 2004. He and his brother Greg founded the company in 1984 in Montreal.
Chamandy was replaced by former Fruit of the Loom executive Vince Tyra, who officially starts in mid-February. Chamandy owns 2% of its stock but has also been dumped from the board.
GILD stock has been on a wild ride since 2015. It currently trades where it did eight years ago. However, in the interim, its shares have fallen as low as $10 (March 2020 market correction) and as high as the mid-$40s at the end of 2021.
This is a company with some dysfunction at the moment.
On Wednesday, Gildan had nine call options with unusual options activity that expires in 36 days on Jan. 19/2024. The strike prices range from $30 to $70. All of them are in the money.
I’m not 100% convinced that 36 days is enough time for a company whose new CEO doesn’t even start until after the options expire. If I had to buy one of them, it would be the $70 strike with a $14.90 ask.
Pfizer
One of the drug companies that got us through Covid, Pfizer, reported earnings Wednesday before the markets opened. They could have been better. It suggested that its 2024 revenues could be as much as $5 billion below analyst expectations. In 2022, it generated $57 billion from its Covid-19 vaccine. It expects $8 billion in 2024.
CEO Albert Bourla admitted that the company was being very conservative in its guidance not to mislead investors. It didn’t matter. PFE shares fell nearly 7% on the news.
A 7% drop in a stock’s share price isn’t a big deal. However, when your shares are down 52% over the past year and 36% over the past five years, it’s a sign investors have thrown in the towel.
As for the call options, three expire in 64 days on Feb. 16/2024. The strike prices are $25, $27, and $29. The $29 strike had an ask price of just $0.40. To double your money on the option by selling before expiry, the share price must increase by $1.71, the lowest dollar of the three. Only the $25 strike is currently in the money. Given that PFE stock is trading at the lowest point in the past five years, it might be worthy of consideration, but if it were me, I’d put out as little as possible on this one.]
Pfizer looks to be dead money in 2024.
More Options News from Barchart
Naked Put Trade Ideas For December 13th
AMD Stock Has Large Unusual Options Activity Today - AMD Is at a Peak
This VIX Butterfly Spread has a 9 to 1 Reward to Risk Ratio
Bears Bet Against EV Manufacturer Nio (NIO) But Could It Backfire?
On the date of publication, Will Ashworth did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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An equipment rental business might be what Wayne Huizenga -- he founded three Fortune 500 companies in his lifetime: Waste Management (WM), Blockbuster Video, and AutoNation (AN) -- would be running today were he still alive. Co-founder and longtime CEO Glenn Chamandy was bounced from the top job by the board after serving as chief executive of the apparel and sock manufacturer since August 2004. More Options News from Barchart Naked Put Trade Ideas For December 13th AMD Stock Has Large Unusual Options Activity Today - AMD Is at a Peak This VIX Butterfly Spread has a 9 to 1 Reward to Risk Ratio Bears Bet Against EV Manufacturer Nio (NIO) But Could It Backfire?
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The Stocks In Question The five names are Ford (F), Gildan (GILD), Pfizer (PFE), PDD Holdings (PDD), and United Rentals (URI). PDD Holdings PDD Holdings is the holding company that operates the Pinduoduo e-commerce platform in China and the Temu e-commerce platform in the U.S. and internationally. More Options News from Barchart Naked Put Trade Ideas For December 13th AMD Stock Has Large Unusual Options Activity Today - AMD Is at a Peak This VIX Butterfly Spread has a 9 to 1 Reward to Risk Ratio Bears Bet Against EV Manufacturer Nio (NIO) But Could It Backfire?
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The Stocks In Question The five names are Ford (F), Gildan (GILD), Pfizer (PFE), PDD Holdings (PDD), and United Rentals (URI). On Wednesday, Gildan had nine call options with unusual options activity that expires in 36 days on Jan. 19/2024. More Options News from Barchart Naked Put Trade Ideas For December 13th AMD Stock Has Large Unusual Options Activity Today - AMD Is at a Peak This VIX Butterfly Spread has a 9 to 1 Reward to Risk Ratio Bears Bet Against EV Manufacturer Nio (NIO) But Could It Backfire?
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The Stocks In Question The five names are Ford (F), Gildan (GILD), Pfizer (PFE), PDD Holdings (PDD), and United Rentals (URI). Considering the deltas, you could double your money on the $700 call with a $61.46 move higher, compared to a $65.39 move for the $680 call. On Wednesday, Gildan had nine call options with unusual options activity that expires in 36 days on Jan. 19/2024.
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049c2db9-ed6b-4f78-ac9b-db46e911bf3f
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712602.0
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2023-12-12 00:00:00 UTC
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Nano-Technology Innovators: 3 Stocks to Watch
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DCOMP
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https://www.nasdaq.com/articles/nano-technology-innovators%3A-3-stocks-to-watch
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As we navigate the ever-evolving landscape of growth investing, it’s tough to overlook the massive potential of nano-tech stocks. Standing at the forefront of innovation, they symbolize a rapid shift in a myriad of sectors, from manufacturing to space exploration. Nanotechnology, operating on the minuscule scale of 1 to 100 nanometers, unlocks a world of new possibilities.
Hence, the implications are massive. Nano-tech stocks offer an enviable upside for investors willing to stomach the risk. Particularly intriguing about these nanotech stocks is their current market position. Many of these stocks are trading at attractive valuations, masking their immense potential.
Do you have an eye on the future and a penchant for untapped opportunities? If so, here’s a list of three nanotech stocks poised for remarkable growth, potentially turning astute investors into millionaires.
Applied Materials (AMAT)
Source: michelmond / Shutterstock.com
In the dynamic realm of nanotechnology, Applied Materials (NASDAQ:AMAT) stands out as a key player, renowned for its innovative approach to molecular nanotechnology.
The firm has efficiently carved out a niche in engineering sophisticated equipment and software. Both are critical for semiconductor manufacturing, including LCDs and solar power solutions. Moreover, its novel selective tungsten deposition process mirrors atomic-scale 3D printing, significantly boosting transistor efficiency and performance. This breakthrough underscores the company’s mastery in nanoscale material engineering, cementing its leadership in its niche.
Recently, Applied Materials exceeded expectations in its fiscal fourth quarter, delivering impressive adjusted earnings of $2.12 per share on sales of $6.72 billion. This performance comfortably surpassed analyst estimates, painting a promising picture for the firm despite the operational headwinds. Furthermore, Applied Materials has caught the eye of TD Cowen, being listed among its top picks for 2024. Analyst Krish Sankar assigned an outperform rating on the stock and elevated its price target to $185 from $165. Further, this highlights the company’s extensive product portfolio and solid market standing.
Analog Devices (ADI)
Source: Shutterstock
Analog Devices (NASDAQ:ADI) is a titan in the semiconductor space and a prominent player in nanotechnology. It is effectively navigating the evolving chip sector with aplomb. Founded by MIT graduates, the company has deep roots in nanotechnology. And, ADI is solidified through its partnership with MIT.nano, a facility dedicated to the study of nanoscience and nanotechnology.
Despite posting sluggish top-line growth numbers due to a fluctuating chip market, Analog Devices struts enviable financial strength. It boasts an A-rated profitability profile, marked by an impressive 27% levered free cash flow margin. And that notably exceeds the sector median by over 221%. This robust profitability positioning underscores the firm’s financial health and operational efficiency.
Looking ahead, the global semiconductor market is on a trajectory of significant growth, expected to expand from $573.4 billion in 2022 to $1,380.8 billion by 2029, at a CAGR of 12.2%. Hence, the company’s strategic focus and financial fortitude position it incredibly to capitalize on the burgeoning opportunities within the semiconductor industry.
Nano Dimension (NNDM)
Source: Spyro the Dragon / Shutterstock.com
Nano Dimension (NASDAQ:NNDM) is an Israeli business at the forefront of additive manufacturing. NNDM is making major strides in the nanotechnology sphere.
Specializing in the creation of 3D-printed nanostructures, Nano Dimension has garnered attention for its innovative approach. Mainly, its advanced DragonFly IV 3D printer is designed for high-performance electronic devices. This focus on cutting-edge technology highlights the company’s potential to impact the industry significantly.
Adding to investor appeal, the firm has embarked on a plan to enhance shareholder value. NNDM announced a massive $200 million share buyback program, a move that could significantly boost its stock price. Moreover, Nano Dimension is actively pursuing a growth-by-acquisition strategy.
A notable step in this direction is its offer of $1.1 billion to acquire Stratasys. So, if successful, this move would establish a global powerhouse in the 3D printing industry. This acquisition is poised to open new growth avenues, strengthening the firm’s position in a competitive market. Nano Dimension’s proactive approach to securing shareholder value and its focus on strategic growth makes it a compelling choice for long-term investors in its niche.
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 Nano-Technology Innovators: 3 Stocks to Watch 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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Recently, Applied Materials exceeded expectations in its fiscal fourth quarter, delivering impressive adjusted earnings of $2.12 per share on sales of $6.72 billion. Despite posting sluggish top-line growth numbers due to a fluctuating chip market, Analog Devices struts enviable financial strength. Nano Dimension’s proactive approach to securing shareholder value and its focus on strategic growth makes it a compelling choice for long-term investors in its niche.
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Applied Materials (AMAT) Source: michelmond / Shutterstock.com In the dynamic realm of nanotechnology, Applied Materials (NASDAQ:AMAT) stands out as a key player, renowned for its innovative approach to molecular nanotechnology. Analog Devices (ADI) Source: Shutterstock Analog Devices (NASDAQ:ADI) is a titan in the semiconductor space and a prominent player in nanotechnology. Nano Dimension (NNDM) Source: Spyro the Dragon / Shutterstock.com Nano Dimension (NASDAQ:NNDM) is an Israeli business at the forefront of additive manufacturing.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As we navigate the ever-evolving landscape of growth investing, it’s tough to overlook the massive potential of nano-tech stocks. Applied Materials (AMAT) Source: michelmond / Shutterstock.com In the dynamic realm of nanotechnology, Applied Materials (NASDAQ:AMAT) stands out as a key player, renowned for its innovative approach to molecular nanotechnology. Analog Devices (ADI) Source: Shutterstock Analog Devices (NASDAQ:ADI) is a titan in the semiconductor space and a prominent player in nanotechnology.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As we navigate the ever-evolving landscape of growth investing, it’s tough to overlook the massive potential of nano-tech stocks. Analog Devices (ADI) Source: Shutterstock Analog Devices (NASDAQ:ADI) is a titan in the semiconductor space and a prominent player in nanotechnology. NNDM announced a massive $200 million share buyback program, a move that could significantly boost its stock price.
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976d4555-3854-43f3-8676-490ba22741dc
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712603.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: HSY, AEHR, GKOS
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-hsy-aehr-gkos
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Hershey Company (Symbol: HSY), where a total volume of 10,899 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.4% of HSY's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $220 strike put option expiring January 19, 2024, with 2,240 contracts trading so far today, representing approximately 224,000 underlying shares of HSY. Below is a chart showing HSY's trailing twelve month trading history, with the $220 strike highlighted in orange:
Aehr Test Systems (Symbol: AEHR) saw options trading volume of 7,146 contracts, representing approximately 714,600 underlying shares or approximately 81.5% of AEHR's average daily trading volume over the past month, of 876,935 shares. Especially high volume was seen for the $30 strike call option expiring December 15, 2023, with 3,194 contracts trading so far today, representing approximately 319,400 underlying shares of AEHR. Below is a chart showing AEHR's trailing twelve month trading history, with the $30 strike highlighted in orange:
And Glaukos Corp (Symbol: GKOS) options are showing a volume of 4,324 contracts thus far today. That number of contracts represents approximately 432,400 underlying shares, working out to a sizeable 81.2% of GKOS's average daily trading volume over the past month, of 532,190 shares. Particularly high volume was seen for the $45 strike put option expiring January 19, 2024, with 846 contracts trading so far today, representing approximately 84,600 underlying shares of GKOS. Below is a chart showing GKOS's trailing twelve month trading history, with the $45 strike highlighted in orange:
For the various different available expirations for HSY options, AEHR options, or GKOS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
The Ten Biggest ETFs
BTR Split History
Top Ten Hedge Funds Holding MYN
The views and 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 $220 strike put option expiring January 19, 2024, with 2,240 contracts trading so far today, representing approximately 224,000 underlying shares of HSY. Especially high volume was seen for the $30 strike call option expiring December 15, 2023, with 3,194 contracts trading so far today, representing approximately 319,400 underlying shares of AEHR. Particularly high volume was seen for the $45 strike put option expiring January 19, 2024, with 846 contracts trading so far today, representing approximately 84,600 underlying shares of GKOS.
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Particularly high volume was seen for the $220 strike put option expiring January 19, 2024, with 2,240 contracts trading so far today, representing approximately 224,000 underlying shares of HSY. Below is a chart showing HSY's trailing twelve month trading history, with the $220 strike highlighted in orange: Aehr Test Systems (Symbol: AEHR) saw options trading volume of 7,146 contracts, representing approximately 714,600 underlying shares or approximately 81.5% of AEHR's average daily trading volume over the past month, of 876,935 shares. Below is a chart showing AEHR's trailing twelve month trading history, with the $30 strike highlighted in orange: And Glaukos Corp (Symbol: GKOS) options are showing a volume of 4,324 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 Hershey Company (Symbol: HSY), where a total volume of 10,899 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing HSY's trailing twelve month trading history, with the $220 strike highlighted in orange: Aehr Test Systems (Symbol: AEHR) saw options trading volume of 7,146 contracts, representing approximately 714,600 underlying shares or approximately 81.5% of AEHR's average daily trading volume over the past month, of 876,935 shares. Particularly high volume was seen for the $45 strike put option expiring January 19, 2024, with 846 contracts trading so far today, representing approximately 84,600 underlying shares of GKOS.
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Particularly high volume was seen for the $220 strike put option expiring January 19, 2024, with 2,240 contracts trading so far today, representing approximately 224,000 underlying shares of HSY. Below is a chart showing HSY's trailing twelve month trading history, with the $220 strike highlighted in orange: Aehr Test Systems (Symbol: AEHR) saw options trading volume of 7,146 contracts, representing approximately 714,600 underlying shares or approximately 81.5% of AEHR's average daily trading volume over the past month, of 876,935 shares. Below is a chart showing GKOS's trailing twelve month trading history, with the $45 strike highlighted in orange: For the various different available expirations for HSY options, AEHR options, or GKOS options, visit StockOptionsChannel.com.
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9507d605-2e8b-49b6-a88a-dd562f823bac
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712604.0
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2023-12-12 00:00:00 UTC
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The Average Retirement Savings for American Households Is Just $87,000. These 3 Stocks Could Help You Beat That.
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DCOMP
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https://www.nasdaq.com/articles/the-average-retirement-savings-for-american-households-is-just-%2487000.-these-3-stocks
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nan
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nan
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Saving for retirement is one of the most important goals you'll have in life. Yet it's so distant that it sneaks up on people, sending them into a stressful, late-career panic to make up years of lost ground.
According to research by The Motley Fool, the average retirement savings for American households is just $87,000. That's barely higher than the average American household's annual income -- and it's probably not nearly enough to fund basic living expenses for the rest of your life.
But there is always time to take action to improve your financial future, and investing is an excellent tool for building a nest egg to survive and enjoy your later years. Stick these three stocks in a diversified portfolio and you'll likely retire above the average.
1. Nvidia
You'll need some growth to boost your nest egg, especially if you're catching up. But you can't risk your precious money in speculative penny stocks or other risky ventures that are just as likely to evaporate. Nvidia (NASDAQ: NVDA) could be the answer you're looking for. The company has been one of Wall Street's hottest names this year due to the explosion of artificial intelligence and the resulting need for AI computer chips, which Nvidia dominates with a roughly 80% market share.
Yes, the stock is already up over 200% this year, but hear me out. Artificial intelligence isn't all hat and no cattle. Corporations are pumping massive investments into developing their AI technology, which runs on powerful chips. According to Statista, the global AI opportunity could grow 20-fold by 2030 to $2 trillion. And is growth going to just stop after that? Probably not. Nvidia will likely grow far larger than its current size, making it an excellent stock if you look 10, 20, or even 30 years ahead.
The stock's valuation isn't even that expensive despite its hot 2023. Analysts believe the company's earnings will compound at a 39% growth rate over the long term. Today Nvidia's forward P/E ratio is just under 38. The resulting PEG ratio of just one signal that Nvidia is cheap for the growth you could get in the future. Nvidia could fail to meet expectations, but the company's tremendous momentum in recent operating results implies that the future is bright.
2. Invesco QQQ Trust, Series 1
Picking individual stocks isn't necessary for successful investing. Exchange-traded funds like the Invesco QQQ Trust (NASDAQ: QQQ) can be great tools to easily build diversity into your investment strategy. Large technology companies have dominated Wall Street for years, and that's where the Invesco QQQ focuses.
Its top holdings include Apple, Microsoft, Amazon, Meta Platforms, Nvidia, Alphabet, and Tesla. These companies combine to make up roughly 44% of the total fund. Instead of trying to trade in and out of these big names based on their valuations, you can buy QQQ and let a professional worry about that. Broad exposure to big tech through QQQ has beaten the market for nearly a quarter-century.
QQQ Total Return Price data by YCharts
That doesn't guarantee the same results moving forward, but it's hard to see the fund falling on its face as long as big tech stays relevant. Just remember that ETFs like the Invesco QQQ charge fund managers fees, which is called the expense ratio. The QQQ's expense ratio is 0.2%, or $2 for every $1,000 you invest.
3. Vanguard S&P 500 ETF
The most straightforward investment strategy is to hitch your wagon to the broad stock market and ride it higher. The S&P 500 is an index constructed of 500 of America's largest companies, and is traditionally considered the go-to benchmark for stock market performance. There are ETFs like the Vanguard S&P 500 ETF (NYSEMKT: VOO) built to mimic the S&P 500.
Technically, investing in stocks is riskier than simply sitting on your money, but you have to risk money to make money. Inflation will slowly eat away at your savings if you don't invest. Notably, the stock market is safer over the long term than most would think.
^SPX data by YCharts
For example, the S&P 500 fell nearly 20% in 2022. This year, it's up almost 20%. It's a zig-zag that can drive anyone mad if you obsess over its volatility. However, zoom out and the chart looks much different. You can see that the stock market has historically gone higher over time because America's economy has steadily grown over decades. Steadily buy Vanguard S&P 500 ETF, and there's a good chance your money will eventually grow. The market averages about 10% annual returns over the long term.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has nearly quadrupled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, Tesla, and Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But there is always time to take action to improve your financial future, and investing is an excellent tool for building a nest egg to survive and enjoy your later years. The company has been one of Wall Street's hottest names this year due to the explosion of artificial intelligence and the resulting need for AI computer chips, which Nvidia dominates with a roughly 80% market share. QQQ Total Return Price data by YCharts That doesn't guarantee the same results moving forward, but it's hard to see the fund falling on its face as long as big tech stays relevant.
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According to research by The Motley Fool, the average retirement savings for American households is just $87,000. Its top holdings include Apple, Microsoft, Amazon, Meta Platforms, Nvidia, Alphabet, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, Tesla, and Vanguard S&P 500 ETF.
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The company has been one of Wall Street's hottest names this year due to the explosion of artificial intelligence and the resulting need for AI computer chips, which Nvidia dominates with a roughly 80% market share. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, Tesla, and Vanguard S&P 500 ETF.
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c294893c-2fa8-436a-a718-c19615c3e383
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712605.0
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2023-12-12 00:00:00 UTC
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FDIC-run Signature Bridge Bank sells 20% stake of $16.8 bln real estate portfolio
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https://www.nasdaq.com/articles/fdic-run-signature-bridge-bank-sells-20-stake-of-%2416.8-bln-real-estate-portfolio
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Adds details and background throughout
Dec 14 (Reuters) - The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio, which it had retained in receivership of the failed bank.
Hancock JV Bidco, which is indirectly controlled by Blackstone BX.N and other investors, paid $1.2 billion for a 20% equity interest in SIG CRE 2023 Venture, wholly owned by the Signature Bridge Bank.
Signature Bridge Bank was created after state regulators closed New York-based Signature Bank in March and the FDIC took control.
In September, the FDIC had announced the start of a marketing process for the nearly $33 billion Commercial Real Estate (CRE) loan portfolio it retained.
Signature Bank's demise was the third-largest failure in U.S. banking history and came two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri)
((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) - The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio, which it had retained in receivership of the failed bank. Hancock JV Bidco, which is indirectly controlled by Blackstone BX.N and other investors, paid $1.2 billion for a 20% equity interest in SIG CRE 2023 Venture, wholly owned by the Signature Bridge Bank. In September, the FDIC had announced the start of a marketing process for the nearly $33 billion Commercial Real Estate (CRE) loan portfolio it retained.
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Adds details and background throughout Dec 14 (Reuters) - The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio, which it had retained in receivership of the failed bank. Hancock JV Bidco, which is indirectly controlled by Blackstone BX.N and other investors, paid $1.2 billion for a 20% equity interest in SIG CRE 2023 Venture, wholly owned by the Signature Bridge Bank. In September, the FDIC had announced the start of a marketing process for the nearly $33 billion Commercial Real Estate (CRE) loan portfolio it retained.
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Adds details and background throughout Dec 14 (Reuters) - The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio, which it had retained in receivership of the failed bank. Signature Bridge Bank was created after state regulators closed New York-based Signature Bank in March and the FDIC took control. Signature Bank's demise was the third-largest failure in U.S. banking history and came two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits.
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Adds details and background throughout Dec 14 (Reuters) - The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio, which it had retained in receivership of the failed bank. Hancock JV Bidco, which is indirectly controlled by Blackstone BX.N and other investors, paid $1.2 billion for a 20% equity interest in SIG CRE 2023 Venture, wholly owned by the Signature Bridge Bank. Signature Bridge Bank was created after state regulators closed New York-based Signature Bank in March and the FDIC took control.
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79c2a02a-eb6f-4ddd-9fc5-5f7ef0765a36
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712606.0
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2023-12-12 00:00:00 UTC
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Intel Announced New AI Chips -- Should AMD Stock Investors Worry?
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https://www.nasdaq.com/articles/intel-announced-new-ai-chips-should-amd-stock-investors-worry
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In today's video, I discuss recent updates impacting Intel (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the market prices of Dec. 14, 2023. The video was published on Dec. 14, 2023.
Should you invest $1,000 in Intel right now?
Before you buy stock in Intel, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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
Jose Najarro has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Check out the short video to learn more, consider subscribing, and click the special offer link below. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel.
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Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices.
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712607.0
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2023-12-12 00:00:00 UTC
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3 Buy-Rated Dividend Stocks Under $10
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https://www.nasdaq.com/articles/3-buy-rated-dividend-stocks-under-%2410
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Historically steep interest rates and soaring 10-year Treasury yields set up some tough competition for dividend stocks this year, as investors seeking out high returns had plenty of options to consider. However, with inflation starting to cool, the Fed's dovish policy statement this week has provided support for stocks across the board - and 10-year yields have come back down to earth.
With dividend stocks on track to benefit from a more favorable macroeconomic backdrop in the year ahead, here are three appealing picks for yield hunters, all priced under $10 per share - and all with a seal of approval from Wall Street analysts.
Fat Brands
We start our list with Fat Brands (FAT), a leading global franchisor of fast casual and casual dining restaurant concepts, operating over 2,300 units worldwide under 18 brands - such as Johnny Rockets, Fazoli's, Fatburger, Buffalo's Cafe, and more. Founded just six years ago in 2017, the company currently commands a market cap of $90.6 million.
Fat Brands shares are up 31% on a YTD basis. It offers a quarterly dividend of $0.14, which results in a dividend yield over 9%.
www.barchart.com
Fat Brands has yet to be consistently profitable, but revenues for the most recent quarter came in at a stronger-than-forecast $109.4 million, up 6% year over year. The company ended the quarter with a cash balance of $88 billion, close to double the current portion of the long-term debt at $45.2 million.
Meanwhile, Fat Brands is making strategic moves, including the acquisition of Smokey Bones for about $30 million - which is expected to add to operating profit by about $10 million. Fat Brands also has over 1,100 signed agreements for new units in place. which is expected to boost EBITDA by about $60 million, and could take its brand Twin Peaks public in 2024, which could add significant value for shareholders.
With just two analysts in coverage, Fat Brands stock has garnered a unanimous “Strong Buy” rating, with a mean target price of $20. This denotes expected upside potential of about 300% from current levels.
www.barchart.com
Vodafone Group
Next up on our list is the global telecommunications company Vodafone Group (VOD). Founded in 1991, Vodafone provides mobile and fixed-line telephony, broadband internet, television, and other related services. They operate across Europe, Africa, Asia, and the Middle East, with over 300 million mobile customers. The company currently commands a market cap of about $22.6 billion.
Vodafone stock is down 7.3% on a YTD basis to trade around $8.50, pushing its dividend yield north of 11%.
www.barchart.com
In its results for Q2 FY24, Vodafone reported a revenue decline of 4% from the previous year to 11.2 billion euros, primarily due to the removal of Vantage Towers revenue. Digging deeper, UK average revenue per user (ARPU) rose by 6.2% from the previous year, while German ARPU ticked up 1.7%. Further, Lifetime Value (LTV) also improved sequentially.
Notably, Vodafone also recently burnished its AI credentials by forging a partnership with leading networking company Juniper (JNPR). Vodafone Business launched an SD-LAN service powered by Juniper's Mist AI technology. This service enables dynamic network adjustments based on user experience and network traffic, optimizing performance and user satisfaction.
On the basis of valuation, VOD trades at a forward price/sales of 0.47 and p/e of 7.37, both of which represent a discount to the respective sector medians for telecom stocks.
Overall, analysts have a “Moderate Buy” rating for the stock, with a mean target price of $14.43 - indicating an upside potential of roughly 70% from current levels. Out of 8 analysts covering the stock, 2 have a “Strong Buy” rating and 6 have a “Hold” rating.
www.barchart.com
Kinross Gold
We conclude our list with Kinross Gold (KGC), a Toronto-based gold miner with operations in the U.S., Russia, Ghana, and Brazil, and a number of exploration projects underway in other countries, with an annual output of 2 million ounces. The company's stock offers a dividend yield of 2.00%, with a modest payout ratio of 28%.
KGC commands a market cap of $7.35 billion, and the stock is up 53% YTD.
www.barchart.com
For its latest results in Q3 2023, Kinross said revenues increased by 29% from the previous year to $1.1 billion, aided by an 11% yearly rise in production. EPS of $0.12 was up 146% year over year, and surpassed the consensus estimate. In fact, the company's EPS has topped expectations in four out of the past five quarters. Kinross also has $2 billion of available liquidity.
Along with tracking new highs in gold prices, KGC is expanding its footprint with new and expanding projects. Phase S at Round Mountain will extend its life and deliver an additional 750,000 ounces of gold, increasing average annual production by 50% from 2024 to 2028. Elsewhere, the company's flagship Tasiast Mine in Mauritania will see its 34MW solar plant come online in Q4, significantly reducing reliance on external power.
Also, apart from its flagship mines in Chile and Brazil, Kinross is betting on two other noteworthy projects - the Great Bear Project in Red Lake, Canada, and the Manh Choh Project in Alaska. The Great Bear project is expected to commence gold production in 2029 and has an initial indicated resource of 2.7 million ounces and an inferred resource of 2.3 million ounces, with plans to to reach an annual production of 5 million ounces. Meanwhile, the Manh Choh Project is on track to begin production in the second half of 2024.
Analysts have a “Moderate Buy” rating on KGC with a mean target price of $6.27, just fractionally higher than current levels - though the Street-high target is a 16% premium from here. Out of 13 analysts covering the stock, 6 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, 5 have a “Hold” rating, and 1 has a “Moderate Sell” rating.
www.barchart.com
On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Historically steep interest rates and soaring 10-year Treasury yields set up some tough competition for dividend stocks this year, as investors seeking out high returns had plenty of options to consider. However, with inflation starting to cool, the Fed's dovish policy statement this week has provided support for stocks across the board - and 10-year yields have come back down to earth. With dividend stocks on track to benefit from a more favorable macroeconomic backdrop in the year ahead, here are three appealing picks for yield hunters, all priced under $10 per share - and all with a seal of approval from Wall Street analysts.
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Fat Brands We start our list with Fat Brands (FAT), a leading global franchisor of fast casual and casual dining restaurant concepts, operating over 2,300 units worldwide under 18 brands - such as Johnny Rockets, Fazoli's, Fatburger, Buffalo's Cafe, and more. Phase S at Round Mountain will extend its life and deliver an additional 750,000 ounces of gold, increasing average annual production by 50% from 2024 to 2028. Out of 13 analysts covering the stock, 6 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, 5 have a “Hold” rating, and 1 has a “Moderate Sell” rating.
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Fat Brands We start our list with Fat Brands (FAT), a leading global franchisor of fast casual and casual dining restaurant concepts, operating over 2,300 units worldwide under 18 brands - such as Johnny Rockets, Fazoli's, Fatburger, Buffalo's Cafe, and more. The Great Bear project is expected to commence gold production in 2029 and has an initial indicated resource of 2.7 million ounces and an inferred resource of 2.3 million ounces, with plans to to reach an annual production of 5 million ounces. Out of 13 analysts covering the stock, 6 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, 5 have a “Hold” rating, and 1 has a “Moderate Sell” rating.
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www.barchart.com Fat Brands has yet to be consistently profitable, but revenues for the most recent quarter came in at a stronger-than-forecast $109.4 million, up 6% year over year. Vodafone stock is down 7.3% on a YTD basis to trade around $8.50, pushing its dividend yield north of 11%. For more information please view the Barchart Disclosure Policy here.
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712608.0
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2023-12-12 00:00:00 UTC
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Screening for Stocks on Sale
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https://www.nasdaq.com/articles/screening-for-stocks-on-sale
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(0:45) - Where Should Value Investors Be Looking To Buy Heading Into 2024?
(5:00) - Screening For Top Value Stocks: Stock Screen Criteria
(9:15) - Tracey’s Top Stock Picks
(19:55) - Episode Roundup: URI, AEO, CMTL, DTC, EAT, OSK
Podcast@Zacks.com
Welcome to Episode #353 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With the end of the year fast approaching, it’s time for value investors to reflect back on the year. It was a volatile year for value stocks as energy, the best performing sector in 2021 and 2022, reversed course in 2023. Additionally, the banking industry had a crisis in the spring and those stocks struggled all year.
However, there were industries such as infrastructure and the homebuilders which had fantastic years.
Where are the stocks that are on sale to end the year?
A Simple Value Stock Screen
Screening for value stocks can be easy. Tracey looked for companies with a price-to-sales ratio under 1.0, which indicates value, and a PEG ratio under 1.0. A PEG ratio under 1.0 usually means a company has both value and growth, a rare combination.
She also added the Zacks Ranks of #1 (Strong Buy) and #2 (Buy) in order to get earnings estimates that were being revised higher heading into 2024.
Running this simple screen returned 18 stocks.
5 Stocks on Sale in 2023
1. American Eagle Outfitters, Inc. (AEO)
American Eagle Outfitters is a specialty retailer in apparel and accessories. Even though shares of American Eagle are up 46% year-to-date, it’s still cheap.
American Eagle Outfitters has a P/S ratio of just 0.8. It also pays a dividend, yielding 1.9%.
Should American Eagle Outfitters, a Zacks Rank #2 (Buy), be on your value stock short list?
2. Comtech Telecommunications, Inc. (CMTL)
Comtech Telecommunications is a global technology company providing terrestrial and wireless network solutions, next generation 9-11 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers.
Shares of Comtech have fallen 39% year-to-date. It’s dirt cheap, with a P/S ratio of 0.4. Comtech pays a dividend, currently yielding 1.3%.
Should Comtech be on your short list?
3. Solo Brands, Inc. (DTC)
Solo Brands sells outdoor goods including Solo Stove, paddleboards, fire pits, and swim trunks, among other things.
Shares are up in 2023, rising 39% year-to-date. But Solo Brans is still cheap, with a PEG ratio of 0.4.
Solo Brands is a Zacks Rank #2 (Buy). Should it be on your short list?
4. Brinker International, Inc. (EAT)
Brinker International owns Chili’s and Maggiano’s Little Italy restaurants. Shares of Brinker are up 28% year-to-date.
But it, too, is still on sale, with a PEG ratio of 0.7. Brinker is a Zacks Rank #1 (Strong Buy).
Should Brinker be on your short list?
5. Oshkosh Corp. (OSK)
Oshkosh makes specialty trucks and access equipment. Shares of Oshkosh have gained 15.4% year-to-date.
It remains cheap, with a PEG of just 0.2. Oshkosh pays a dividend, yielding 1.6%.
Should Oshkosh be on your value short list for 2024?
What Else Do You Need to Know About Stocks on Sale?
Tune into this week’s podcast to find out.
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
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Brinker International, Inc. (EAT) : Free Stock Analysis Report
Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report
Oshkosh Corporation (OSK) : Free Stock Analysis Report
Solo Brands, Inc. (DTC) : 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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Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. Comtech Telecommunications, Inc. (CMTL) Comtech Telecommunications is a global technology company providing terrestrial and wireless network solutions, next generation 9-11 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers. 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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(5:00) - Screening For Top Value Stocks: Stock Screen Criteria (9:15) - Tracey’s Top Stock Picks (19:55) - Episode Roundup: URI, AEO, CMTL, DTC, EAT, OSK Podcast@Zacks.com Welcome to Episode #353 of the Value Investor Podcast. American Eagle Outfitters, Inc. (AEO) American Eagle Outfitters is a specialty retailer in apparel and accessories. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report Oshkosh Corporation (OSK) : Free Stock Analysis Report Solo Brands, Inc. (DTC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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(5:00) - Screening For Top Value Stocks: Stock Screen Criteria (9:15) - Tracey’s Top Stock Picks (19:55) - Episode Roundup: URI, AEO, CMTL, DTC, EAT, OSK Podcast@Zacks.com Welcome to Episode #353 of the Value Investor Podcast. Should American Eagle Outfitters, a Zacks Rank #2 (Buy), be on your value stock short list? Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report Oshkosh Corporation (OSK) : Free Stock Analysis Report Solo Brands, Inc. (DTC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Where are the stocks that are on sale to end the year? Should American Eagle Outfitters, a Zacks Rank #2 (Buy), be on your value stock short list? Shares of Oshkosh have gained 15.4% year-to-date.
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2023-12-12 00:00:00 UTC
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RCI Hospitality (RICK) Q4 Earnings Miss Estimates
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https://www.nasdaq.com/articles/rci-hospitality-rick-q4-earnings-miss-estimates
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RCI Hospitality (RICK) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this adult nightclub chain would post earnings of $1.28 per share when it actually produced earnings of $0.96, delivering a surprise of -25%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
RCI Hospitality, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $75.25 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 0.68%. This compares to year-ago revenues of $71.38 million. The company has topped consensus revenue estimates three 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.
RCI Hospitality shares have lost about 28.9% since the beginning of the year versus the S&P 500's gain of 22.6%.
What's Next for RCI Hospitality?
While RCI Hospitality has underperformed 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 RCI Hospitality: mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $1.14 on $76.73 million in revenues for the coming quarter and $5.33 on $332.97 million 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, Leisure and Recreation Services is currently in the top 36% 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, Carnival (CCL), has yet to report results for the quarter ended November 2023.
This cruise operator is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of +83.5%. The consensus EPS estimate for the quarter has been revised 21% lower over the last 30 days to the current level.
Carnival's revenues are expected to be $5.31 billion, up 38.3% from 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. 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.
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RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report
Carnival Corporation (CCL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 #3 (Hold) 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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RCI Hospitality, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $75.25 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 0.68%. The current consensus EPS estimate is $1.14 on $76.73 million in revenues for the coming quarter and $5.33 on $332.97 million in revenues for the current fiscal year. Click to get this free report RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report Carnival Corporation (CCL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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RCI Hospitality (RICK) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.92 per share. RCI Hospitality, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $75.25 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 0.68%. Click to get this free report RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report Carnival Corporation (CCL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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RCI Hospitality (RICK) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.92 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 #3 (Hold) for the stock.
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712610.0
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2023-12-12 00:00:00 UTC
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Why C3.ai Stock Popped Today
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https://www.nasdaq.com/articles/why-c3.ai-stock-popped-today-2
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Shares of C3.ai (NYSE: AI) closed up 11.7% on Thursday, rebounding from last week's post-earnings drop. There was no company-specific news that might have otherwise spurred the artificial intelligence (AI) software specialist's rally today.
Rather, even as broader stock market indexes remain roughly flat -- with the S&P 500 and Nasdaq Composite indexes each up around 0.2% today -- opportunistic investors appear to be scooping up beaten-down growth stocks like C3.ai after U.S. Federal Reserve officials signaled multiple interest-rate reductions are on the way in 2024.
On the impact of falling rates for companies like C3.ai
Yesterday afternoon, the broader market rallied after the central bank's officials opted to leave their benchmark interest rate flat at a targeted range of between 5.25% and 5.5%. It was the third straight meeting during which rates were left unchanged.
More exciting for investors in growth stocks, however, was the simultaneous news that policymakers on the Federal Open Market Committee signaled there will be at least three rate cuts in 2024, most likely in increments of .25 percentage points. This will mark the first interest-rate reductions since the Fed began raising rates in March 2022 to combat high inflation.
Why is this good for C3.ai? For one, high interest rates tend to make investors in equities more risk-averse as returns on fixed-income securities become more attractive. Higher rates also tend to make it more difficult for yet-to-be-profitable tech stocks like C3.ai to raise capital -- whether through interest-bearing financing facilities or new share issuances. Though C3.ai has nearly tripled so far in 2023 as excitement over (AI) stocks seemingly reached a fever pitch, the stock is also down more than 80% from its post-IPO highs in late 2020.
What's next for C3.ai investors?
C3.ai has been striving to maximize profitability, regardless of whether rates come down. Just last month, the company implemented its latest round of performance-based job cuts, with management citing the need to reduce costs as it scales. And during last week's quarterly earnings conference call with analysts, C3.ai CFO Juho Parkkinen confirmed the company is on track to deliver positive cash flow starting in the fourth quarter of fiscal year 2024 (ending April 30, 2024), followed by its first adjusted (non-GAAP) net profit in the second half of fiscal year 2025.
Perhaps C3.ai wouldn't need to worry much, then, about the impact of sustained high interest rates, even if the Fed opted not to reduce them next year. But given the company's relative fall from grace since its IPO, it's no surprise to see growth-hungry investors buying C3.ai stock today.
Should you invest $1,000 in C3.ai right now?
Before you buy stock in C3.ai, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and C3.ai wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Steve Symington has positions in C3.ai. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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More exciting for investors in growth stocks, however, was the simultaneous news that policymakers on the Federal Open Market Committee signaled there will be at least three rate cuts in 2024, most likely in increments of .25 percentage points. Higher rates also tend to make it more difficult for yet-to-be-profitable tech stocks like C3.ai to raise capital -- whether through interest-bearing financing facilities or new share issuances. Just last month, the company implemented its latest round of performance-based job cuts, with management citing the need to reduce costs as it scales.
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Rather, even as broader stock market indexes remain roughly flat -- with the S&P 500 and Nasdaq Composite indexes each up around 0.2% today -- opportunistic investors appear to be scooping up beaten-down growth stocks like C3.ai after U.S. Federal Reserve officials signaled multiple interest-rate reductions are on the way in 2024. For one, high interest rates tend to make investors in equities more risk-averse as returns on fixed-income securities become more attractive. Before you buy stock in C3.ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and C3.ai wasn't one of them.
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Rather, even as broader stock market indexes remain roughly flat -- with the S&P 500 and Nasdaq Composite indexes each up around 0.2% today -- opportunistic investors appear to be scooping up beaten-down growth stocks like C3.ai after U.S. Federal Reserve officials signaled multiple interest-rate reductions are on the way in 2024. Before you buy stock in C3.ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and C3.ai wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month.
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What's next for C3.ai investors? Before you buy stock in C3.ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and C3.ai wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
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f05e6f93-5024-46cd-a33c-de6ab5157e6c
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712611.0
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2023-12-12 00:00:00 UTC
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Costco (COST) Q1 Earnings and Revenues Beat Estimates
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https://www.nasdaq.com/articles/costco-cost-q1-earnings-and-revenues-beat-estimates-0
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Costco (COST) came out with quarterly earnings of $3.48 per share, beating the Zacks Consensus Estimate of $3.45 per share. This compares to earnings of $3.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.87%. A quarter ago, it was expected that this warehouse club operator would post earnings of $4.71 per share when it actually produced earnings of $4.86, delivering a surprise of 3.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Costco, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $57.8 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $54.44 billion. The company has topped consensus revenue estimates two 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.
Costco shares have added about 40.6% since the beginning of the year versus the S&P 500's gain of 22.6%.
What's Next for Costco?
While Costco 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 Costco: mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $3.59 on $58.78 billion in revenues for the coming quarter and $15.71 on $252.61 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, Retail - Discount Stores is currently in the top 30% 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 broader Zacks Retail-Wholesale sector, Rite Aid (RADCQ), has yet to report results for the quarter ended November 2023.
This drugstore chain is expected to post quarterly loss of $1.45 per share in its upcoming report, which represents a year-over-year change of -935.7%. The consensus EPS estimate for the quarter has been revised 11.4% higher over the last 30 days to the current level.
Rite Aid's revenues are expected to be $5.72 billion, down 6% from 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. 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
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Rite Aid Corporation (RADCQ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Another stock from the broader Zacks Retail-Wholesale sector, Rite Aid (RADCQ), has yet to report results for the quarter ended November 2023. 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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Costco, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $57.8 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 0.22%. The current consensus EPS estimate is $3.59 on $58.78 billion in revenues for the coming quarter and $15.71 on $252.61 billion in revenues for the current fiscal year. Click to get this free report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Rite Aid Corporation (RADCQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Costco (COST) came out with quarterly earnings of $3.48 per share, beating the Zacks Consensus Estimate of $3.45 per share. Costco, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $57.8 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 0.22%. Click to get this free report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Rite Aid Corporation (RADCQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Costco (COST) came out with quarterly earnings of $3.48 per share, beating the Zacks Consensus Estimate of $3.45 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 #3 (Hold) for the stock.
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2023-12-12 00:00:00 UTC
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Why Bank of America and PNC Stocks Crushed the Market Today
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https://www.nasdaq.com/articles/why-bank-of-america-and-pnc-stocks-crushed-the-market-today
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On Thursday, many investors were kind to bank stocks. One particular clutch of five stocks did particularly well after an analyst upgraded them as a group. Two of the more prominent titles in the quintet were Bank of America (NYSE: BAC) and PNC Financial Services (NYSE: PNC), which rose by nearly 6% and almost 5%, respectively.
That's one mega upgrade
The prognosticator behind the lifts was Odeon Capital's Dick Bove, who published his new take on the five banks before market open. He lifted his recommendation on all to buy from the previous hold. In addition to Bank of America and PNC, the quintet included other familiar lenders Wells Fargo, U.S. Bancorp, and Truist Financial.
Bove's series of upgrades were based on Federal Reserve Chairman Jerome Powell's comments in the wake of the Fed's interest-rate decision, which was handed down on Wednesday. The analyst said those comments were a "clear" indication that inflation has ended.
The Fed elected to hold its key interest rate steady that day. It also indicated a willingness to start reducing rates next year.
Lower rates bring increased demand for loans, especially for the big guys
Lower rates are a double-edged sword for banks. On one hand, they reduce the cost of loans, thereby raising demand for such products. On the other, all things being equal, the profit they earn from those cheaper borrowings is lower. Bank sector bulls likely believe that high-volume lenders like Bank of America and PNC, with its large regional footprint, will benefit from that theoretical increased demand for loans.
Should you invest $1,000 in Bank of America right now?
Before you buy stock in Bank of America, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bank of America wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America, PNC Financial Services, Truist Financial, and U.S. Bancorp. 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 one mega upgrade The prognosticator behind the lifts was Odeon Capital's Dick Bove, who published his new take on the five banks before market open. In addition to Bank of America and PNC, the quintet included other familiar lenders Wells Fargo, U.S. Bancorp, and Truist Financial. Bove's series of upgrades were based on Federal Reserve Chairman Jerome Powell's comments in the wake of the Fed's interest-rate decision, which was handed down on Wednesday.
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In addition to Bank of America and PNC, the quintet included other familiar lenders Wells Fargo, U.S. Bancorp, and Truist Financial. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Bank of America is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Bank of America, PNC Financial Services, Truist Financial, and U.S. Bancorp.
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Before you buy stock in Bank of America, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bank of America wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Bank of America is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Bank of America, PNC Financial Services, Truist Financial, and U.S. Bancorp.
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Before you buy stock in Bank of America, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bank of America wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Bank of America is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Bank of America, PNC Financial Services, Truist Financial, and U.S. Bancorp.
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712613.0
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2023-12-12 00:00:00 UTC
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Charge Up Your 2024 Portfolio With These 3 EV Charging Stocks
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https://www.nasdaq.com/articles/charge-up-your-2024-portfolio-with-these-3-ev-charging-stocks
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The EV charging market is one of the fastest-growing niches in transportation. Despite the lackluster showing in some of the best EV charging stocks, these holdings still show incredible promise. In fact, 33 million EVs are expected on U.S. roads by 2030, and the global EV market is forecasted to reach $561.3 billion in 2023, a predicted 10% annual rate through 2028. That systematic increase highlights the growing demand for EVs and the critical importance of charging infrastructure in supporting this expansion.
Furthermore, with the rising preference for EVs over traditional combustion engine vehicles, the need for an extensive charging network is becoming increasingly clear. The trend towards EVs marks a pivotal shift in transportation, emphasizing the critical role of developing a strong EV charging infrastructure to support and sustain this growing shift in consumer behavior.
EVgo (EVGO)
Source: Tada Images / Shutterstock.com
EVgo (NASDAQ:EVGO) is reshaping the U.S. EV landscape with its General Motors (NYSE:GM) alliance and Pilot Travel Centers. That strategic move aims to bolster national EV infrastructure, starting with over 25 fast chargers by this year’s end and expanding to around 200 by the conclusion of next year, accelerating EVgo’s pace in the EV charging sphere.
Moreover, the firm collaborated with Amazon (NASDAQ:AMZN) in developing an Alexa-integrated EV charging experience. That innovation will enable EV drivers to utilize Alexa for assistance in locating nearby EV charging stations and facilitating payment for charging at EVgo stations. Furthermore, EVgo posted robust results in its most recent quarterly showing, with earnings per share of negative nine cents, surpassing estimates by seven cents. Impressively, its revenue soared to $35.1 million, a 234% bump year-over-year. Despite posting such tremendous results, the stock is down 22% year-to-date and remains ripe for the picking ahead of a more conducive market for growth stocks in 2024.
Blink Charging (BLNK)
Source: David Tonelson/Shutterstock.com
Blink Charging (NASDAQ:BLNK), a dominant force in the U.S. EV charging station market, made impressive strides by deploying more than 5,500 chargers globally. That expansion, fueled significantly by rising sales of DC Fast Chargers (DCFC), marks a pivotal step in the company’s growth.
Furthermore, Blink Charging’s third-quarter 2023 performance is notably outstanding. The company’s revenue surged by 152% year-over-year, reaching a record high of $43.4 million. That significant growth is primarily attributed to product sales, which rose by 162% to $35.1 million, a substantial increase from $13.4 million in the same period last year. The robust sales of DCFC are a key driver of this stellar growth.
Furthermore, Blink raised its revenue guidance for 2023, elevating the projection to a revised range of $110 million to $120 million, up from the earlier forecast of $100 million to $110 million. Additionally, the company anticipates an approximate 30% increase in full-year margins, with prospects of even greater expansion anticipated in 2024.
Beam Global (BEEM)
Source: shutterstock.com/Larich
Beam Global (NASDAQ:BEEM), renowned for its off-grid solar-powered EV charging solutions, recently achieved a significant milestone. It recently acquired Amiga DOO Kraljevo, a Serbian company known for its expertise in renewable energy and sustainable technologies. That move not only amplifies its influence in the European market but also effectively heightens entry barriers for potential rivals.
Financially, BEEM’s third-quarter results revealed GAAP earnings per share of a negative 26 cents, beating the estimates by 7 cents, alongside a remarkable sales bump of $16.5 million, a 149.4% rise year-over-year. Additionally, the company boasts a backlog of over $31 million, with its sales team consistently turning portions of its $100 million-plus pipeline into additional backlog, indicative of its robust prospects.
Furthermore, BEEM’s commitment to innovation is evident in its resilient charging systems and the Emergency Power Panel, crucial for first responders in crises. These advancements reflect the company’s dedication to reliable, sustainable solutions essential for today’s evolving energy and emergency response needs.
On the date of publication, Muslim Farooque 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.
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 Charge Up Your 2024 Portfolio With These 3 EV Charging Stocks 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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That expansion, fueled significantly by rising sales of DC Fast Chargers (DCFC), marks a pivotal step in the company’s growth. Furthermore, BEEM’s commitment to innovation is evident in its resilient charging systems and the Emergency Power Panel, crucial for first responders in crises. These advancements reflect the company’s dedication to reliable, sustainable solutions essential for today’s evolving energy and emergency response needs.
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The trend towards EVs marks a pivotal shift in transportation, emphasizing the critical role of developing a strong EV charging infrastructure to support and sustain this growing shift in consumer behavior. Blink Charging (BLNK) Source: David Tonelson/Shutterstock.com Blink Charging (NASDAQ:BLNK), a dominant force in the U.S. EV charging station market, made impressive strides by deploying more than 5,500 chargers globally. Beam Global (BEEM) Source: shutterstock.com/Larich Beam Global (NASDAQ:BEEM), renowned for its off-grid solar-powered EV charging solutions, recently achieved a significant milestone.
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That innovation will enable EV drivers to utilize Alexa for assistance in locating nearby EV charging stations and facilitating payment for charging at EVgo stations. Blink Charging (BLNK) Source: David Tonelson/Shutterstock.com Blink Charging (NASDAQ:BLNK), a dominant force in the U.S. EV charging station market, made impressive strides by deploying more than 5,500 chargers globally. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Charge Up Your 2024 Portfolio With These 3 EV Charging Stocks appeared first on InvestorPlace.
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Furthermore, EVgo posted robust results in its most recent quarterly showing, with earnings per share of negative nine cents, surpassing estimates by seven cents. Blink Charging (BLNK) Source: David Tonelson/Shutterstock.com Blink Charging (NASDAQ:BLNK), a dominant force in the U.S. EV charging station market, made impressive strides by deploying more than 5,500 chargers globally. That expansion, fueled significantly by rising sales of DC Fast Chargers (DCFC), marks a pivotal step in the company’s growth.
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2023-12-12 00:00:00 UTC
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Why Shift4 Payments Stock Suddenly Kicked It Into 5th Gear Today
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https://www.nasdaq.com/articles/why-shift4-payments-stock-suddenly-kicked-it-into-5th-gear-today
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nan
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Shares of financial-technology (fintech) company Shift4 Payments (NYSE: FOUR) suddenly skyrocketed on Thursday after a rumor surfaced that it's potentially an acquisition target for Global Payments (NYSE: GPN). As of 3:45 p.m. ET, Shift4 stock was up 6%, but it had been up by as much as 13% right after the news broke. For its part, Global Payments stock was down about 4%.
Is Shift4 actually for sale?
According to a Bloomberg article today, Global Payments is thinking about buying Shift4 Payments. Bloomberg cited anonymous "people with knowledge of the matter."
Considering that it's trading at one of its cheapest valuations ever, Shift4 might be worth considerably more in an acquisition scenario, which is why the stock is up today on the rumor -- investors want to get out in front of a potential deal.
In November, Shift4's CEO Jared Isaacman surprised investors by saying, "We are actively exploring strategic opportunities and alternatives that will reduce distractions and serve our company, employees and shareholders best." This was in the context of the struggles of being a public company and suggests that the company is looking for a buyer.
Therefore, the still unconfirmed rumor from Bloomberg could indeed be legitimate.
What should shareholders do now?
For Shift4's shareholders, I believe there's a straightforward course of action: Keep holding. If Global Payments acquires the company, it will likely be at a premium to today's price. And if Shift4 stays independent, I believe it has a path to delivering strong stock returns.
The course of action for Global Payments' shareholders is more complex right now. Acquisitions are notoriously tricky to pull off. And until more details emerge, investors can't know if Global Payments is getting a good enough deal on Shift4 or how the two companies would work together to create shareholder value.
In the end, Global Payments' shareholders should probably sit tight and wait as well. But if I were a shareholder, I'd be intently watching out for the details of the potential transaction to know if this was a stock that I still wanted to own for the long haul.
Should you invest $1,000 in Shift4 Payments right now?
Before you buy stock in Shift4 Payments, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shift4 Payments wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jon Quast has no position in any of the stocks mentioned. The Motley Fool recommends Shift4 Payments. 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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Considering that it's trading at one of its cheapest valuations ever, Shift4 might be worth considerably more in an acquisition scenario, which is why the stock is up today on the rumor -- investors want to get out in front of a potential deal. In November, Shift4's CEO Jared Isaacman surprised investors by saying, "We are actively exploring strategic opportunities and alternatives that will reduce distractions and serve our company, employees and shareholders best." And until more details emerge, investors can't know if Global Payments is getting a good enough deal on Shift4 or how the two companies would work together to create shareholder value.
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According to a Bloomberg article today, Global Payments is thinking about buying Shift4 Payments. Before you buy stock in Shift4 Payments, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shift4 Payments wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has no position in any of the stocks mentioned.
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Shares of financial-technology (fintech) company Shift4 Payments (NYSE: FOUR) suddenly skyrocketed on Thursday after a rumor surfaced that it's potentially an acquisition target for Global Payments (NYSE: GPN). Before you buy stock in Shift4 Payments, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shift4 Payments wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has no position in any of the stocks mentioned.
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According to a Bloomberg article today, Global Payments is thinking about buying Shift4 Payments. What should shareholders do now? See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has no position in any of the stocks mentioned.
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712615.0
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2023-12-12 00:00:00 UTC
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Reasons to Add Cardinal Health (CAH) to Your Portfolio Now
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https://www.nasdaq.com/articles/reasons-to-add-cardinal-health-cah-to-your-portfolio-now
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Cardinal Health Inc. CAH is well-poised for growth, given its acquisition-driven strategy, a diversified product portfolio and a robust pharmaceutical segment. However, inflationary pressure remains a concern.
Shares of this Zacks Rank #2 (Buy) company have risen 39.2% year to date compared with the industry's 7.7% growth. The S&P 500 Index has increased 20.7% in the same time frame.
CAH, with a market capitalization of $22.35 billion, is a nationwide drug distributor and service provider to pharmacies, healthcare providers and manufacturers. The company has an earnings yield of 7.3% compared with the industry's 4.7%. It anticipates earnings to improve 14.3% over the next five years.
Image Source: Zacks Investment Research
What's Driving CAH’s Performance?
Diversified Product Portfolio: Investors are upbeat about Cardinal Health’s Medical and Pharmaceutical offerings, which provide the company with a competitive edge in the niche space. This month, the company announced the U.S. launch of its SmartGown EDGE Breathable Surgical Gown with ASSIST Instrument Pockets to provide surgical teams with safe and convenient instrument access in the operating room.
In September, Cardinal Health announced the U.S. launch of its Kangaroo OMNI Enteral Feeding Pump, designed to help provide enteral feeding patients with more options to meet their personalized needs throughout their enteral feeding journey.
Distribution Centers: Investors are optimistic about Cardinal Health’s opening of a few distribution centers in strategic areas over the past few months. This month, the company announced its plans to build a new distribution center in Greenville, SC, to support its at-Home Solutions business, a home healthcare medical supplies provider serving people with chronic and serious health conditions in the United States.
In May, Cardinal Health Canada announced its plans to open a new distribution center in the Greater Toronto Area, thus expanding its distribution footprint to better meet the medical and surgical product demands of the Canadian healthcare system.
Strong Q1 Results: Cardinal Health’s impressive first-quarter fiscal 2024 results buoy optimism. The company’s robust top-line results and solid performance in the Pharmaceutical segment were encouraging. Per management, the segmental performance was driven by brand and specialty pharmaceutical sales growth from existing customers.
Notable Developments
In November, CAH announced the launch of SmartGown EDGE Breathable Surgical Gown with ASSIST Instrument Pockets in the United States. The new surgical gown will provide surgical teams with safe and convenient instrument access in the operating room.
In September, the company announced the launch of its next-generation Kangaroo OMNI enteral feeding pump in the country. The new pump’s design will provide more options to patients to meet their personalized needs for enteral feeding.
Per CAH, the Kangaroo OMNI is the first and only attitude-independent enteral feeding system launched so far in the United States. The device is designed for portability with an option for delivery of a wider variety of enteral formulas. The new pump has a familiar user interface to the earlier Kangaroo pumps. This should help facilitate a smooth transition for patients as well as caregivers across hospital and home-based care.
What's Weighing on the Stock?
The company continues to face high costs to support sales as well as rising operating expenses. Although there is an improving trend for costs and expenses, these are likely to hurt margins in fiscal 2024, especially in the first half. Meanwhile, rising interest rates are a key area of concern amid high Capex plans.
In the first quarter of fiscal 2023, gross margin remained flat year over year. This implies that rising costs are being offset by cost-saving initiatives.
Cardinal Health’s Monoject syringes get unfavorable FDA recommendations following reports of delay in therapy as well as inaccurate therapy (overdose or underdose) when used with a syringe pump or a patient-controlled analgesia pump. Any further regulatory setback may raise concerns.
Estimates Trend
The Zacks Consensus Estimate for fiscal 2024 revenues is pegged at $226.17 billion, indicating a 10.3% improvement from the previous year’s level.
The same for adjusted EPS is pinned at $6.89, indicating a 19% increase from the year-ago reported number. The consensus estimate for adjusted EPS has improved 1.2% in the past 60 days.
Cardinal Health, Inc. Price
Cardinal Health, Inc. price | Cardinal Health, Inc. Quote
Other Stocks to Consider
Some other top-ranked stocks in the broader medical space are DexCom DXCM, HealthEquity, Inc. HQY and Biodesix BDSX.
DexCom, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 33.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DXCM’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 36.43%. The company’s shares have risen 4.2% year to date compared with the industry’s 3.8% growth.
HealthEquity, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 26.8%. HQY’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 16.5%.
The company’s shares have rallied 15% year to date against the industry’s 9.9% decline.
Biodesix, carrying a Zacks Rank #2 at present, has an estimated growth rate of 32.3% for 2024. BDSX’s earnings surpassed estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.76%.
The stock has fallen 30.9% year to date compared with the industry’s 9.9% decline.
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
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
HealthEquity, Inc. (HQY) : Free Stock Analysis Report
Biodesix, Inc. (BDSX) : 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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Diversified Product Portfolio: Investors are upbeat about Cardinal Health’s Medical and Pharmaceutical offerings, which provide the company with a competitive edge in the niche space. This month, the company announced its plans to build a new distribution center in Greenville, SC, to support its at-Home Solutions business, a home healthcare medical supplies provider serving people with chronic and serious health conditions in the United States. Notable Developments In November, CAH announced the launch of SmartGown EDGE Breathable Surgical Gown with ASSIST Instrument Pockets in the United States.
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This month, the company announced the U.S. launch of its SmartGown EDGE Breathable Surgical Gown with ASSIST Instrument Pockets to provide surgical teams with safe and convenient instrument access in the operating room. In September, Cardinal Health announced the U.S. launch of its Kangaroo OMNI Enteral Feeding Pump, designed to help provide enteral feeding patients with more options to meet their personalized needs throughout their enteral feeding journey. Click to get this free report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Biodesix, Inc. (BDSX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In September, Cardinal Health announced the U.S. launch of its Kangaroo OMNI Enteral Feeding Pump, designed to help provide enteral feeding patients with more options to meet their personalized needs throughout their enteral feeding journey. Cardinal Health, Inc. Price Cardinal Health, Inc. price | Cardinal Health, Inc. Quote Other Stocks to Consider Some other top-ranked stocks in the broader medical space are DexCom DXCM, HealthEquity, Inc. HQY and Biodesix BDSX. Click to get this free report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Biodesix, Inc. (BDSX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It anticipates earnings to improve 14.3% over the next five years. The new pump’s design will provide more options to patients to meet their personalized needs for enteral feeding. Cardinal Health, Inc. Price Cardinal Health, Inc. price | Cardinal Health, Inc. Quote Other Stocks to Consider Some other top-ranked stocks in the broader medical space are DexCom DXCM, HealthEquity, Inc. HQY and Biodesix BDSX.
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2023-12-12 00:00:00 UTC
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NVIDIA (NVDA) Taps Southeast Asia Amid China Sales Restriction
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https://www.nasdaq.com/articles/nvidia-nvda-taps-southeast-asia-amid-china-sales-restriction
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NVIDIA Corporation NVDA is focusing on deepening its business relationship with Southeast Asian nations amid growing tensions between the United States and China, as evident from some recent events. Over the past week, the co-founder and CEO of the U.S.-based semiconductor company, Jensen Huang, has visited three Southeast Asian countries, namely Singapore, Malaysia and Vietnam.
During his visit to these nations, Huang stated that Southeast Asia could be a very important technology location. Considering the region’s expertise in packaging, assembling and battery manufacturing, he believes that it can play a major role in the semiconductor supply chain.
NVIDIA signed an artificial intelligence (AI) infrastructure deal with the Malaysian conglomerate YTL’s subsidiary, YTL Power International, during his trip to Malaysia. Per the agreement, the two companies will work together on building AI capabilities at YTL’s data center complex in Kulai, Johor. The first phase of the project is anticipated to be operational starting mid-2024. The deal is expected to be worth $4.3 billion.
In Vietnam, NVIDIA’s CEO has shown interest in deepening business ties with Vietnamese top tech firms and is also looking forward to setting a second base for the company in the country. Huang also intends to support Vietnam in training the workforce to develop AI and digital infrastructure.
The company has already invested $250 million in Vietnam through partnering with the country’s top tech companies. These collaborations focus on deploying AI across multiple industries, including cloud services, healthcare and automotive.
NVIDIA Corporation Price and Consensus
NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote
NVIDIA Looks Toward Diversifying Its Market Presence
The U.S. chipmaker has been caught in the crossfire of the U.S.-China tech war. Over the past year, the U.S. government has restricted NVIDIA from selling its several advanced AI chips to China in a bid to restrict the country from getting hands-on cutting-edge technologies that can strengthen its military.
NVIDIA had earlier stated that it may be forced to discontinue its business operations from countries on the U.S. government’s export restriction list. The rules are expected to impact NVDA’s ability to support its existing customers and complete the development of certain products in a timely manner. In third-quarter fiscal 2024, the company had generated 22% of its total revenues from China (including Hong Kong).
Considering the growing risk of doing business in China amid the tech war, the company is looking to expand its market presence. In this regard, the latest investments in Southeast Asian nations could be seen as its long-term strategic move to diversify its supply chain as well as market presence.
In third-quarter fiscal 2024, Singapore, a Southeast Asian nation, generated $2.7 billion in revenues, contributing approximately 15% to NVIDIA’s total sales in the quarter. This marked a robust five-fold year-over-year growth, mainly driven by surging AI investments across the data center end-market.
We believe that NVIDIA, with its latest investments, is seems to looking for such growth from other Southeast Asian countries.
Investment in GenAI to Drive Growth
NVIDIA dominates the market for AI chips. The meteoric rise of OpenAI’s ChatGPT and its adoption among enterprises have already proven generative AI technology’s usefulness across multiple industries, including marketing, advertising, customer service, education, content creation, healthcare, automotive, energy & utilities and video game development. The growing demand to modernize the workflow across industries is expected to drive the demand for generative AI applications.
However, generative AI requires vast knowledge to create content and needs huge computational power. As a result, enterprises looking to create generative AI-based applications will be required to upgrade their existing network infrastructure.
NVIDIA’s next-generation chips with high computing power can be the top choice for enterprises. The company’s GPUs are already being applied in AI models. This is expanding NVDA’s footprint in untapped markets like automotive, healthcare and manufacturing.
The generative AI revolution is likely to create huge demand for its next-generation high computing powerful chips. Considering surging AI investments across the data center end-market, NVIDIA expects its fourth-quarter fiscal 2024 revenues to reach $20 billion from $6.05 billion in the year-ago quarter.
Shares of NVDA have surged 219% year to date (YTD).
Zacks Rank & Other Stocks to Consider
Currently, NVIDIA carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the broader technology sector are Intel Corporation INTC, Aspen Technology, Inc. AZPN and Datadog, Inc. DDOG. Intel sports a Zacks Rank #1 (Strong Buy) at present, while both Aspen and Datadog carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Intel’s fourth-quarter 2023 earnings has moved up a penny to 44 cents per share in the past 30 days. The consensus estimate for 2023 earnings has increased 2 cents to 95 cents in the past 30 days.
Intel's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 136.3%. Shares of INTC have risen 68.5% YTD.
The Zacks Consensus Estimate for Aspen's second-quarter fiscal 2024 earnings has moved north 14 cents to $1.49 per share in the past 60 days. The consensus estimate for fiscal 2024 earnings has increased 5 cents to $6.63 per share in the past 60 days.
Aspen's earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average negative surprise of 32.3%. Shares of AZPN have lost 5.4% YTD.
The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. The consensus estimate for 2023 earnings has increased 2 cents to $1.53 per share in the past 30 days.
DDOG’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 28.6%. Datadog’s shares have rallied 56.1% YTD.
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
Intel Corporation (INTC) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report
Datadog, Inc. (DDOG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA Corporation NVDA is focusing on deepening its business relationship with Southeast Asian nations amid growing tensions between the United States and China, as evident from some recent events. In Vietnam, NVIDIA’s CEO has shown interest in deepening business ties with Vietnamese top tech firms and is also looking forward to setting a second base for the company in the country. The meteoric rise of OpenAI’s ChatGPT and its adoption among enterprises have already proven generative AI technology’s usefulness across multiple industries, including marketing, advertising, customer service, education, content creation, healthcare, automotive, energy & utilities and video game development.
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Considering surging AI investments across the data center end-market, NVIDIA expects its fourth-quarter fiscal 2024 revenues to reach $20 billion from $6.05 billion in the year-ago quarter. The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report Datadog, Inc. (DDOG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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NVIDIA Corporation Price and Consensus NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote NVIDIA Looks Toward Diversifying Its Market Presence The U.S. chipmaker has been caught in the crossfire of the U.S.-China tech war. The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report Datadog, Inc. (DDOG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company has already invested $250 million in Vietnam through partnering with the country’s top tech companies. NVIDIA had earlier stated that it may be forced to discontinue its business operations from countries on the U.S. government’s export restriction list. In this regard, the latest investments in Southeast Asian nations could be seen as its long-term strategic move to diversify its supply chain as well as market presence.
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2023-12-12 00:00:00 UTC
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BlackBerry (BB) Scraps IPO Plan for IoT Unit, Appoints New CEO
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https://www.nasdaq.com/articles/blackberry-bb-scraps-ipo-plan-for-iot-unit-appoints-new-ceo
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BlackBerry Limited BB recently announced the appointment of John J. Giamatteo as its new chief executive officer ("CEO”) and as a member of its board of directors with immediate effect. Since October 2021, Giamatteo has served as the president of BlackBerry's Cybersecurity business division.
Interim CEO Richard Lynch will continue as the board chairman. Lynch has served as the interim CEO since Nov 4, 2023.
The company added that it will separate the IoT and Cybersecurity businesses into standalone entities but will no longer pursue IPO of the IoT business.
Spinning off businesses into separate entities will aid shareholders to analyze the performance and future potential of each business on a standalone basis. Per management, this move will also provide each entity more freedom to pursue its own growth strategy and capital allocation policy.
BlackBerry is also in the final stages of selecting a consulting firm to bring expertise and additional resources to assist in an independent assessment of the separation and right-sizing process.
BlackBerry Limited Price and Consensus
BlackBerry Limited price-consensus-chart | BlackBerry Limited Quote
The firm provides intelligent security software and services to enterprises and governments around the world. It offers devices and software platforms for managing security, mobility and communications among hardware, programs, mobile applications and IoT.
BlackBerry’s performance is being affected by softness in the Cybersecurity unit due to prolonged sales cycles, particularly within the government sector. It expects the IoT segment to be affected by delays in pre-production software development programs/production schedules at automakers in the current fiscal year. Stiff competition and weak macroeconomic conditions remain additional concerns.
The company lowered its IoT revenue guidance to the band of $225-$240 million for fiscal 2024 compared with earlier guidance of $240-$250 million.
However, management expects a stronger second-half of fiscal 2024 performance for the Cybersecurity business due to a solid pipeline of significant deals. As a result, the company has reiterated its revenue outlook for the Cybersecurity segment. Segmental revenues are estimated in the range of $425-$450 million for fiscal 2024.
BlackBerry currently has a Zacks Rank #2 (Buy). The stock has lost 7.4% in the past year against the sub-industry’s growth of 46.5%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks worth consideration in the broader technology space are Blackbaud BLKB, Watts Water Technologies WTS and Woodward WWD, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Blackbaud’s 2023 EPS improved 1.8% in the past 60 days to $3.86. BLKB’s long-term earnings growth rate is 23.4%.
Blackbaud’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 10.6%. Shares of BLKB have surged 49.3% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies’ 2023 EPS has improved 1% in the past 30 days to $8.00. WTS’ long-term earnings growth rate is 7.8%. Shares of WTS have gained 28.4% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has improved 6.9% in the past 60 days to $4.92.
WWD’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 14.7%. Shares of WWD have jumped 39.2% in the past year.
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
Blackbaud, Inc. (BLKB) : Free Stock Analysis Report
Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
Woodward, Inc. (WWD) : Free Stock Analysis Report
BlackBerry Limited (BB) : 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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BlackBerry Limited BB recently announced the appointment of John J. Giamatteo as its new chief executive officer ("CEO”) and as a member of its board of directors with immediate effect. BlackBerry is also in the final stages of selecting a consulting firm to bring expertise and additional resources to assist in an independent assessment of the separation and right-sizing process. It expects the IoT segment to be affected by delays in pre-production software development programs/production schedules at automakers in the current fiscal year.
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BlackBerry Limited Price and Consensus BlackBerry Limited price-consensus-chart | BlackBerry Limited Quote The firm provides intelligent security software and services to enterprises and governments around the world. The Zacks Consensus Estimate for Watts Water Technologies’ 2023 EPS has improved 1% in the past 30 days to $8.00. Click to get this free report Blackbaud, Inc. (BLKB) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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BlackBerry Limited Price and Consensus BlackBerry Limited price-consensus-chart | BlackBerry Limited Quote The firm provides intelligent security software and services to enterprises and governments around the world. Image Source: Zacks Investment Research Other Stocks to Consider Some other top-ranked stocks worth consideration in the broader technology space are Blackbaud BLKB, Watts Water Technologies WTS and Woodward WWD, each carrying a Zacks Rank #2. Click to get this free report Blackbaud, Inc. (BLKB) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company added that it will separate the IoT and Cybersecurity businesses into standalone entities but will no longer pursue IPO of the IoT business. BlackBerry Limited Price and Consensus BlackBerry Limited price-consensus-chart | BlackBerry Limited Quote The firm provides intelligent security software and services to enterprises and governments around the world. Image Source: Zacks Investment Research Other Stocks to Consider Some other top-ranked stocks worth consideration in the broader technology space are Blackbaud BLKB, Watts Water Technologies WTS and Woodward WWD, each carrying a Zacks Rank #2.
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2023-12-12 00:00:00 UTC
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Why ChargePoint Stock Was Soaring Today
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https://www.nasdaq.com/articles/why-chargepoint-stock-was-soaring-today
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Shares of ChargePoint Holdings (NYSE: CHPT), the world's largest independent charging network for electric vehicles (EVs), were rallying today in response to the Federal Reserve's interest rate announcement yesterday, trending with other beaten-down stocks that stand to benefit from lower interest rates and the jolt they are expected to give to the economy.
As of 11:48 a.m. ET Thursday, ChargePoint stock was up 18.5%.
Image source: Getty Images.
Saved by the Fed
There was no major news on ChargePoint today, but yesterday's rate decision from the Fed was enough to push the stock up by double digits. The central bank did not adjust interest rates and indicated in its forecast that it expected three cuts to the fed funds rate, lowering the benchmark rate from the current 5.25%-to-5.5% range to 4.5% to 4.75% by the end of next year.
ChargePoint has struggled badly this year with slowing demand for EVs, macro challenges, and a threat from Tesla as a number of EV makers plan to switch to Tesla's North American Charging Standard (NACS), forcing ChargePoint to adapt.
The company is struggling on multiple fronts as revenue fell 12% to $110 million in the third quarter and a loss of $158.2 million under generally accepted accounting principles (GAAP).
ChargePoint also has nearly $300 million in debt on its balance sheet, though that is at a fixed rate, making it less sensitive to fluctuations in benchmark interest rates. However, if the company continues to lose money, it might need to tap the debt markets again.
Demand for EVs and the overall health of the economy are sensitive to interest rates as most car buyers use financing to purchase vehicles.
What's next for ChargePoint?
The Fed's forecast for lower interest rates shouldn't do much to affect ChargePoint's business directly, but it is breathing new life into the stock. The company is under the guidance of a new management team as its CEO and chief financial officer recently departed and the board of directors named Rick Wilmer as its new CEO.
There's no shortage of challenges facing Wilmer as he aims to deliver positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by the fourth quarter of next year, but stronger EV demand would help. Still, investors should expect ChargePoint's volatility to continue as the business needs a lot of work to reach viability.
Should you invest $1,000 in ChargePoint right now?
Before you buy stock in ChargePoint, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ChargePoint 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 has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of ChargePoint Holdings (NYSE: CHPT), the world's largest independent charging network for electric vehicles (EVs), were rallying today in response to the Federal Reserve's interest rate announcement yesterday, trending with other beaten-down stocks that stand to benefit from lower interest rates and the jolt they are expected to give to the economy. The Fed's forecast for lower interest rates shouldn't do much to affect ChargePoint's business directly, but it is breathing new life into the stock. There's no shortage of challenges facing Wilmer as he aims to deliver positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by the fourth quarter of next year, but stronger EV demand would help.
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The central bank did not adjust interest rates and indicated in its forecast that it expected three cuts to the fed funds rate, lowering the benchmark rate from the current 5.25%-to-5.5% range to 4.5% to 4.75% by the end of next year. The Fed's forecast for lower interest rates shouldn't do much to affect ChargePoint's business directly, but it is breathing new life into the stock. Before you buy stock in ChargePoint, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ChargePoint wasn't one of them.
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Shares of ChargePoint Holdings (NYSE: CHPT), the world's largest independent charging network for electric vehicles (EVs), were rallying today in response to the Federal Reserve's interest rate announcement yesterday, trending with other beaten-down stocks that stand to benefit from lower interest rates and the jolt they are expected to give to the economy. Before you buy stock in ChargePoint, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ChargePoint 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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ChargePoint also has nearly $300 million in debt on its balance sheet, though that is at a fixed rate, making it less sensitive to fluctuations in benchmark interest rates. What's next for ChargePoint? Before you buy stock in ChargePoint, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and ChargePoint wasn't one of them.
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970e14db-6bd3-4c43-ac2c-698f8720df6d
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712619.0
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2023-12-12 00:00:00 UTC
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Bank stocks rally to pre-crisis levels after Fed meeting
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https://www.nasdaq.com/articles/bank-stocks-rally-to-pre-crisis-levels-after-fed-meeting
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By Sinéad Carew
Dec 14 (Reuters) - Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just before a crisis that put some banks out of business.
Wells Fargo and BofA Global Research analysts raised price targets across the banking sector in wake of the Fed's dovish pivot on Wednesday
The S&P 500 bank index .SPXBK, up 4.4% and climbing sharply for a second session in a row, hit its highest level since March 6. This as the KBW Regional Banking index .KRX was also rising more than 4%.
The Fed left interest rates unchanged after its meeting on Wednesday and its Chair Jerome Powell said the central bank's monetary policy tightening was likely over with inflation falling faster than expected and that talk of rate cuts was coming into view."
While higher interest rates boost lenders' profits to an extent they can also result in weakening of loan demand and pressure for banks to raise deposit rates they pay customers.
In March three medium-sized banks collapsed under pressure from rising interest rates and as customers moved their deposits to seek stability as well as higher returns.
On Thursday some of the biggest percentage gainers in the S&P 500 bank index were regional banks Zions Bancorp ZION.O up 10.0%, Regions Financial RF.N up 9.0% and Citizens Financial CFG.N, adding 8.8%.
Bigger banks were rising also but at a slower pace with JPMorgan Chase JPM.N up 2.1%, Citigroup C.N up 3.8%, and Wells Fargo WFC.N adding 5.1%.
BofA Global Research analyst Ebrahim Poonawala said in a research note issued early on Thursday that the KBW Bank index .BKX was still trading at a 50% discount to the S&P 500 even after outperforming the benchmark since its October lows. The KBW index was last up 5.4% on the day.
While investors had already been revisiting their exposure to banks in recent weeks, according to Poonawala, the move in interest rates "on the back of Fed messaging has the potential to drive further FOMO (fear of missing out)."
Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey, pointed to the potential economic boost from rate cuts with a strong economy as "a key to bank profitability."
Rallying stock and bond markets will also boost large banks segments including wealth management, capital markets and credit according to Meckler, who also noted that banks are among underperforming sectors "playing catch-up" in the market.
(Reporting By Sinéad Carew; Editing by Lance Tupper and Andrea Ricci)
((sinead.carew@thomsonreuters.com; +13322191897;))
The views and 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 March three medium-sized banks collapsed under pressure from rising interest rates and as customers moved their deposits to seek stability as well as higher returns. Bigger banks were rising also but at a slower pace with JPMorgan Chase JPM.N up 2.1%, Citigroup C.N up 3.8%, and Wells Fargo WFC.N adding 5.1%. While investors had already been revisiting their exposure to banks in recent weeks, according to Poonawala, the move in interest rates "on the back of Fed messaging has the potential to drive further FOMO (fear of missing out)."
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By Sinéad Carew Dec 14 (Reuters) - Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just before a crisis that put some banks out of business. Wells Fargo and BofA Global Research analysts raised price targets across the banking sector in wake of the Fed's dovish pivot on Wednesday The S&P 500 bank index .SPXBK, up 4.4% and climbing sharply for a second session in a row, hit its highest level since March 6. BofA Global Research analyst Ebrahim Poonawala said in a research note issued early on Thursday that the KBW Bank index .BKX was still trading at a 50% discount to the S&P 500 even after outperforming the benchmark since its October lows.
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By Sinéad Carew Dec 14 (Reuters) - Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just before a crisis that put some banks out of business. Wells Fargo and BofA Global Research analysts raised price targets across the banking sector in wake of the Fed's dovish pivot on Wednesday The S&P 500 bank index .SPXBK, up 4.4% and climbing sharply for a second session in a row, hit its highest level since March 6. On Thursday some of the biggest percentage gainers in the S&P 500 bank index were regional banks Zions Bancorp ZION.O up 10.0%, Regions Financial RF.N up 9.0% and Citizens Financial CFG.N, adding 8.8%.
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Wells Fargo and BofA Global Research analysts raised price targets across the banking sector in wake of the Fed's dovish pivot on Wednesday The S&P 500 bank index .SPXBK, up 4.4% and climbing sharply for a second session in a row, hit its highest level since March 6. This as the KBW Regional Banking index .KRX was also rising more than 4%. In March three medium-sized banks collapsed under pressure from rising interest rates and as customers moved their deposits to seek stability as well as higher returns.
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75cf06fb-a9d3-430f-966a-f7793e70c287
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712620.0
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2023-12-12 00:00:00 UTC
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Telecom Italia to hold investor day on March 7
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DCOMP
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https://www.nasdaq.com/articles/telecom-italia-to-hold-investor-day-on-march-7
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nan
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nan
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MILAN, Dec 14 (Reuters) - Telecom Italia TIM TLIT.MI will hold an investor day on March 7 to present its reshaped profile after the planned sale of its fixed-line domestic grid, the former phone monopoly said on Thursday.
In a statement after a board meeting, TIM added that its directors, whose three-year mandate expires next year, have initiated a process to draw up a slate of candidates for shareholders to vote upon at the company's annual shareholder meeting in April.
TIM also extended negotiations with U.S. fund KKR KKR.N over the sale of its international submarine cable unit Sparkle until the end of January.
Sources have previously said that the parties still have to find common ground over the valuation of the asset, after TIM rejected a price tag of 600 million euros ($655 million) as too low.
TIM has already agreed to sell its national fixed-line network to KKR in deal worth up to 22 billion euros, aimed at offloading a big chunk of its debt and staff.
Backed by the Italian government, which plans to co-invest in the network venture, the deal is opposed by TIM's top investor Vivendi VIV.PA.
The French group is set to file a complaint with a Milan court against TIM's decision on Friday, sources have told Reuters.
Under an agreement with KKR, the government authorised the Treasury to spend up to 2.5 billion euros to take a 15-20% stake in the network venture and to take over Sparkle, possibly at a later stage. ($1 = 0.9134 euros)
(Reporting by Elvira Pollina Editing by Keith Weir and Gavin Jones)
((elvira.pollina@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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MILAN, Dec 14 (Reuters) - Telecom Italia TIM TLIT.MI will hold an investor day on March 7 to present its reshaped profile after the planned sale of its fixed-line domestic grid, the former phone monopoly said on Thursday. TIM has already agreed to sell its national fixed-line network to KKR in deal worth up to 22 billion euros, aimed at offloading a big chunk of its debt and staff. Under an agreement with KKR, the government authorised the Treasury to spend up to 2.5 billion euros to take a 15-20% stake in the network venture and to take over Sparkle, possibly at a later stage.
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Sources have previously said that the parties still have to find common ground over the valuation of the asset, after TIM rejected a price tag of 600 million euros ($655 million) as too low. TIM has already agreed to sell its national fixed-line network to KKR in deal worth up to 22 billion euros, aimed at offloading a big chunk of its debt and staff. Backed by the Italian government, which plans to co-invest in the network venture, the deal is opposed by TIM's top investor Vivendi VIV.PA.
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MILAN, Dec 14 (Reuters) - Telecom Italia TIM TLIT.MI will hold an investor day on March 7 to present its reshaped profile after the planned sale of its fixed-line domestic grid, the former phone monopoly said on Thursday. In a statement after a board meeting, TIM added that its directors, whose three-year mandate expires next year, have initiated a process to draw up a slate of candidates for shareholders to vote upon at the company's annual shareholder meeting in April. TIM has already agreed to sell its national fixed-line network to KKR in deal worth up to 22 billion euros, aimed at offloading a big chunk of its debt and staff.
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MILAN, Dec 14 (Reuters) - Telecom Italia TIM TLIT.MI will hold an investor day on March 7 to present its reshaped profile after the planned sale of its fixed-line domestic grid, the former phone monopoly said on Thursday. In a statement after a board meeting, TIM added that its directors, whose three-year mandate expires next year, have initiated a process to draw up a slate of candidates for shareholders to vote upon at the company's annual shareholder meeting in April. Under an agreement with KKR, the government authorised the Treasury to spend up to 2.5 billion euros to take a 15-20% stake in the network venture and to take over Sparkle, possibly at a later stage.
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ae98ec53-b914-42bd-bb78-e555e15143e5
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712621.0
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2023-12-12 00:00:00 UTC
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Why Intel Stock Was Moving Up Today
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https://www.nasdaq.com/articles/why-intel-stock-was-moving-up-today
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Shares of Intel (NASDAQ: INTC) were climbing Thursday, seemingly in response to its "AI Everywhere" event. The chipmaker also seems to have gotten a modest boost from the Federal Reserve's decision to keep interest rates steady yesterday and its dovish forecast for next year.
As of 12:45 p.m. ET, the stock was up 2.5% after climbing as much as 5.6% earlier in the trading session.
Image source: Getty Images.
Intel unveils new AI products
The company launched three new chips at the AI Everywhere event today. The first was the Intel Core Ultra mobile processor family, which Intel says offers its most power-efficient PC processors and will accelerate the development of the artificial intelligence (AI)-powered PC.
It also announced the fifth-generation Intel Xeon processor, built with AI acceleration, and CEO Pat Gelsinger showcased the Intel Gaudi 3 AI accelerator for the first time, which will be available next year.
Gelsinger said: "Intel is on a mission to bring AI everywhere through exceptionally engineered platforms, secure solutions and support for open ecosystems. Our AI portfolio gets even stronger with today's launch of Intel Core Ultra ushering in the age of the AI PC and AI-accelerated 5th Gen Xeon for the enterprise."
Intel is also partnering with more than 100 software vendors to bring new AI applications to the PC market.
What's next for Intel?
Based on the stock's gains today, the market seems to approve of the presentation. Intel should be able to fill a need in the market here as there is a clear shortage of AI chips and processors -- companies like OpenAI and Oracle have complained that they simply don't have the capacity to keep up with demand.
While Nvidia has been the big winner thus far in AI, other chip stocks should start to see a benefit given the extraordinary demand for new computing power, and that should benefit Intel.
Should you invest $1,000 in Intel right now?
Before you buy stock in Intel, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.
The views and 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 chipmaker also seems to have gotten a modest boost from the Federal Reserve's decision to keep interest rates steady yesterday and its dovish forecast for next year. Gelsinger said: "Intel is on a mission to bring AI everywhere through exceptionally engineered platforms, secure solutions and support for open ecosystems. Intel should be able to fill a need in the market here as there is a clear shortage of AI chips and processors -- companies like OpenAI and Oracle have complained that they simply don't have the capacity to keep up with demand.
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It also announced the fifth-generation Intel Xeon processor, built with AI acceleration, and CEO Pat Gelsinger showcased the Intel Gaudi 3 AI accelerator for the first time, which will be available next year. Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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It also announced the fifth-generation Intel Xeon processor, built with AI acceleration, and CEO Pat Gelsinger showcased the Intel Gaudi 3 AI accelerator for the first time, which will be available next year. Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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What's next for Intel? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The Motley Fool has positions in and recommends Oracle.
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b777d4e6-f5f9-4806-90ac-b1c5fc84d000
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712622.0
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2023-12-12 00:00:00 UTC
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EXCLUSIVE-Insight, Clearlake close in on $5 billion deal for software firm Alteryx-sources
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DCOMP
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https://www.nasdaq.com/articles/exclusive-insight-clearlake-close-in-on-%245-billion-deal-for-software-firm-alteryx-sources
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By Milana Vinn and Anirban Sen
Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to take data analytics software company Alteryx AYX.N private for around $5 billion, including debt, people familiar with the matter said on Thursday.
The deal would come as fierce competition from big rivals such as Microsoft MSFT.O and Oracle ORCL.N, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target.
Insight and Clearlake are in discussions to pay more than $50 per share in cash for Alteryx, the sources said, cautioning that the negotiations have not been completed. Such a deal would represent a premium of more than 65% to Alteryx's share price on Sept. 5, the last trading day before Reuters reported that Alteryx was exploring a sale.
Symphony Technology Group (STG), another private equity firm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added.
The sources requested anonymity because the matter is confidential. Alteryx, Insight, Clearlake and STG did not immediately respond to requests for comment.
Alteryx shares rose 7% to $49.19 in afternoon trading in New York on Thursday.
It is unclear whether Alteryx co-founder and Executive Chair Dean Stoecker, who owns 11.5% of the company but controls it through dual-class shares that give him 51% of all outstanding shares' voting power, will role some of his stake in the deal.
Alteryx, which debuted in the stock market in 2017, counts more than 8,300 companies as its customers, including Coca-Cola KO.N, Vodafone VOD.L, Walmart WMT.N, and Ford Motor Company F.N. Its platform allows businesses to quickly analyze and crunch data.
In recent years, Alteryx has transitioned to a subscription-focused business model as part of a strategy to tap into growing demand for data analytics services.
Insight, an early investor in Alteryx, which has retained a 1.5% stake in the company and representation on its board of directors, recused itself from board deliberations about the sale of the company, the sources said.
(Reporting by Milana Vinn and Anirban Sen in New York Editing by Greg Roumeliotis and Lisa Shumaker)
((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The deal would come as fierce competition from big rivals such as Microsoft MSFT.O and Oracle ORCL.N, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Symphony Technology Group (STG), another private equity firm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added. In recent years, Alteryx has transitioned to a subscription-focused business model as part of a strategy to tap into growing demand for data analytics services.
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By Milana Vinn and Anirban Sen Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to take data analytics software company Alteryx AYX.N private for around $5 billion, including debt, people familiar with the matter said on Thursday. Symphony Technology Group (STG), another private equity firm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added. (Reporting by Milana Vinn and Anirban Sen in New York Editing by Greg Roumeliotis and Lisa Shumaker) ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Milana Vinn and Anirban Sen Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to take data analytics software company Alteryx AYX.N private for around $5 billion, including debt, people familiar with the matter said on Thursday. Such a deal would represent a premium of more than 65% to Alteryx's share price on Sept. 5, the last trading day before Reuters reported that Alteryx was exploring a sale. Insight, an early investor in Alteryx, which has retained a 1.5% stake in the company and representation on its board of directors, recused itself from board deliberations about the sale of the company, the sources said.
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By Milana Vinn and Anirban Sen Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to take data analytics software company Alteryx AYX.N private for around $5 billion, including debt, people familiar with the matter said on Thursday. The deal would come as fierce competition from big rivals such as Microsoft MSFT.O and Oracle ORCL.N, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Alteryx, Insight, Clearlake and STG did not immediately respond to requests for comment.
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712623.0
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2023-12-12 00:00:00 UTC
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Financial Sector Update for 12/14/2023: BLK, UBS, HOOD
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https://www.nasdaq.com/articles/financial-sector-update-for-12-14-2023%3A-blk-ubs-hood
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Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index rising 1.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%.
The Philadelphia Housing Index jumped 5%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 2.7%.
Bitcoin (BTC-USD) increased 0.3% to $43,068, and the yield for 10-year US Treasuries slumped 10.5 basis points to 3.928%.
In economic news, US initial jobless claims fell sequentially to 202,000 during the week ended Dec. 9 from an upwardly revised 221,000, compared with expectations for 220,000 in a survey of analysts compiled by Bloomberg.
US retail sales rose 0.3% in November, compared with a 0.1% decline expected in a survey compiled by Bloomberg and a revised 0.2% drop in October.
In corporate news, BlackRock (BLK) on Thursday launched its Total Return ETF on Nasdaq. BlackRock shares rose 3.5%.
UBS (UBS) is increasing efforts to recover hundreds of millions in cash bonuses paid by Credit Suisse to bankers in an attempt to keep them on board before the latter collapsed, Bloomberg reported late Wednesday. UBS shares rose 3.3%.
Robinhood (HOOD) rose 0.2% after the company recorded equity notional trading volumes of $52.9 billion in November, up from $44.7 billion a year earlier.
The views and 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 Philadelphia Housing Index jumped 5%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 2.7%. In economic news, US initial jobless claims fell sequentially to 202,000 during the week ended Dec. 9 from an upwardly revised 221,000, compared with expectations for 220,000 in a survey of analysts compiled by Bloomberg. US retail sales rose 0.3% in November, compared with a 0.1% decline expected in a survey compiled by Bloomberg and a revised 0.2% drop in October.
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Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index rising 1.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%. The Philadelphia Housing Index jumped 5%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 2.7%. US retail sales rose 0.3% in November, compared with a 0.1% decline expected in a survey compiled by Bloomberg and a revised 0.2% drop in October.
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Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index rising 1.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%. US retail sales rose 0.3% in November, compared with a 0.1% decline expected in a survey compiled by Bloomberg and a revised 0.2% drop in October. UBS (UBS) is increasing efforts to recover hundreds of millions in cash bonuses paid by Credit Suisse to bankers in an attempt to keep them on board before the latter collapsed, Bloomberg reported late Wednesday.
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Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index rising 1.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%. BlackRock shares rose 3.5%. UBS shares rose 3.3%.
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712624.0
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2023-12-12 00:00:00 UTC
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Thursday Sector Laggards: Defense, Insurance Brokers
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DCOMP
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https://www.nasdaq.com/articles/thursday-sector-laggards%3A-defense-insurance-brokers
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nan
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In trading on Thursday, defense shares were relative laggards, down on the day by about 1.3%. Helping drag down the group were shares of Northrop Grumman, off about 3.8% and shares of Kratos Defense & Security Solutions off about 3.4% on the day.
Also lagging the market Thursday are insurance brokers shares, down on the day by about 0.6% as a group, led down by James River Group Holdings, trading lower by about 7.2% and Arthur J. Gallagher, trading lower by about 6.3%.
VIDEO: Thursday Sector Laggards: Defense, Insurance Brokers
The views and 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, defense shares were relative laggards, down on the day by about 1.3%. Also lagging the market Thursday are insurance brokers shares, down on the day by about 0.6% as a group, led down by James River Group Holdings, trading lower by about 7.2% and Arthur J. Gallagher, trading lower by about 6.3%. VIDEO: Thursday Sector Laggards: Defense, Insurance Brokers The views and 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, defense shares were relative laggards, down on the day by about 1.3%. Also lagging the market Thursday are insurance brokers shares, down on the day by about 0.6% as a group, led down by James River Group Holdings, trading lower by about 7.2% and Arthur J. Gallagher, trading lower by about 6.3%. VIDEO: Thursday Sector Laggards: Defense, Insurance Brokers The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Helping drag down the group were shares of Northrop Grumman, off about 3.8% and shares of Kratos Defense & Security Solutions off about 3.4% on the day. Also lagging the market Thursday are insurance brokers shares, down on the day by about 0.6% as a group, led down by James River Group Holdings, trading lower by about 7.2% and Arthur J. Gallagher, trading lower by about 6.3%. VIDEO: Thursday Sector Laggards: Defense, Insurance Brokers The views and 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, defense shares were relative laggards, down on the day by about 1.3%. Helping drag down the group were shares of Northrop Grumman, off about 3.8% and shares of Kratos Defense & Security Solutions off about 3.4% on the day. Also lagging the market Thursday are insurance brokers shares, down on the day by about 0.6% as a group, led down by James River Group Holdings, trading lower by about 7.2% and Arthur J. Gallagher, trading lower by about 6.3%.
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712625.0
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2023-12-12 00:00:00 UTC
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Consumer Sector Update for 12/14/2023: DIS
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DCOMP
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https://www.nasdaq.com/articles/consumer-sector-update-for-12-14-2023%3A-dis
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nan
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Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.2%.
In corporate news, Walt Disney (DIS) investor Trian Fund Management said Thursday it intends to nominate two independent director candidates at the entertainment company's 2024 annual shareholders' meeting. Disney shares rose 1.4%.
Peloton Interactive (PTON) said Thursday it appointed Lauren Weinberg as chief marketing officer, succeeding Leslie Berland. Its shares jumped 8.6%.
Regis (RGS) slumped 18% after it said Thursday that the New York Stock Exchange will start delisting procedures of its shares.
The views and 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, Walt Disney (DIS) investor Trian Fund Management said Thursday it intends to nominate two independent director candidates at the entertainment company's 2024 annual shareholders' meeting. Peloton Interactive (PTON) said Thursday it appointed Lauren Weinberg as chief marketing officer, succeeding Leslie Berland. Regis (RGS) slumped 18% after it said Thursday that the New York Stock Exchange will start delisting procedures of its shares.
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Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.2%. Disney shares rose 1.4%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.2%. In corporate news, Walt Disney (DIS) investor Trian Fund Management said Thursday it intends to nominate two independent director candidates at the entertainment company's 2024 annual shareholders' meeting. Regis (RGS) slumped 18% after it said Thursday that the New York Stock Exchange will start delisting procedures of its shares.
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Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.2%. In corporate news, Walt Disney (DIS) investor Trian Fund Management said Thursday it intends to nominate two independent director candidates at the entertainment company's 2024 annual shareholders' meeting. Disney shares rose 1.4%.
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2023-12-12 00:00:00 UTC
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3 Emerging Market Stocks to Ride the Next Bull Run
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Across all stock sectors and subtypes, few were hit harder this year than emerging market stocks. The iShares Emerging Market ETF (NYSEARCA:EEM) dropped nearly 50% between its post-pandemic high and October 2022 before squeaking out a meager 3% return this year.
But we seem to be entering a new era as the Fed signals rate cuts faster and earlier than expected. The fast and furious pivot could send emerging market stocks soaring, as they tend to do best when rates are low and speculative interest is high. For example, the MSCI Emerging Markets Index returned 18.31% in 2020, roughly matching the S&P 500 but offering geographic diversification to boot.
If you’re wary of the handful of stocks propping up large-caps or want to diversify your assets for 2024, these emerging market stocks for the next bull run stand as perfect picks.
Taiwan Semiconductor (TSM)
Source: ToyW / Shutterstock
You’ve been living under a rock if you haven’t yet heard of Taiwan Semiconductor (NYSE:TSM). TSM is at the top of most analysts’ lists when it comes to innovative chipmaking that powers so many of today’s electronics. At the same time, though U.S. legislators are pushing to kickstart America’s semiconductor industry to smooth out geopolitical risk, bureaucratic sluggishness ensures TSM will remain a top U.S. supplier for the immediate future.
TSM is also a global favorite, as countries like Japan flood the company with capital. In Japan’s case, they committed part of a $10 billion aid package to developing in-country semiconductor plants. And, of course, as long as artificial intelligence trends maintain their momentum, TSM stands to gain most among emerging market stocks.
The company’s financials are beyond reproach, with limited debt and a massive 40% net margin. It’s this financial prudence that kept TSM stable, compared to other emerging market stocks, throughout the past years’ turbulence. TSM also offers a small dividend, with its yield currently sitting at 1.76%.
Vale SA (VALE)
Source: Shutterstock
Vale SA (NYSE:VALE), a nickel mining stock, stands to gain from renewed interest in emerging market stocks and ongoing electric vehicle adoption. Nickel is a core component for EV batteries, and Vale (though on the smaller side) maintains strategic partnerships with manufacturers like General Motors (NYSE:GM). In this case, GM is leveraging Vale’s mining assets to source enough nickel to produce as many as 350,000 EVs annually.
Batteries have been the sticking point for many firms racing to push EVs off the production line, and Vale could prove a game changer as companies begin building U.S.-based battery plants that source nickel and other metals internationally. That’s evident as, beyond GM, Vale provides Tesla (NASDAQ:TSLA) and Ford (NYSE:F) with nickel for their battery endeavors.
Vale’s financials are surprisingly stable, considering mining tends to be capital-intensive, debt-heavy, and offering slim margins. Vale’s net margin sits at 22%, and the company offers a whopping 13.9% total yield between dividends and share buybacks.
Infosys Ltd (INFY)
Source: AjayTvm / Shutterstock.com
Infosys Ltd (NYSE:INFY) captures another popular trend in emerging markets: outsourced IT services. The India-based company services U.S. companies and generates more than 50% of its revenue from these arrangements. As remote work reigns supreme, IT and similar outsourcing initiatives are surging. The industry, worth $1,250 billion in 2022, should hit $1,364 billion this year. Infosys stands out among emerging market stocks as a leader in this sector, and investors capitalizing on a rapidly growing Indian economy and shifting work trends should pay attention to Infosys.
Infosys’ industry dominance is its strongest selling point, as U.S.-based companies don’t typically switch rapidly once they select an outsourced IT service provider. That’s evident from the company’s low attrition rate, around 15%, which indicates companies are in it for the long haul when they sign with Infosys.
Infosys offers investors a small dividend, yielding 2.46%, but its real value stands in its rapid growth. The company boasts a 9.43% average annual revenue growth over the past ten years, with net income growing 5% annually.
On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy’s work can also be found at www.jeremyflint.work.
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The post 3 Emerging Market Stocks to Ride the Next Bull Run 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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At the same time, though U.S. legislators are pushing to kickstart America’s semiconductor industry to smooth out geopolitical risk, bureaucratic sluggishness ensures TSM will remain a top U.S. supplier for the immediate future. Nickel is a core component for EV batteries, and Vale (though on the smaller side) maintains strategic partnerships with manufacturers like General Motors (NYSE:GM). The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Emerging Market Stocks to Ride the Next Bull Run appeared first on InvestorPlace.
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Vale SA (VALE) Source: Shutterstock Vale SA (NYSE:VALE), a nickel mining stock, stands to gain from renewed interest in emerging market stocks and ongoing electric vehicle adoption. Infosys Ltd (INFY) Source: AjayTvm / Shutterstock.com Infosys Ltd (NYSE:INFY) captures another popular trend in emerging markets: outsourced IT services. The company boasts a 9.43% average annual revenue growth over the past ten years, with net income growing 5% annually.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Across all stock sectors and subtypes, few were hit harder this year than emerging market stocks. Vale SA (VALE) Source: Shutterstock Vale SA (NYSE:VALE), a nickel mining stock, stands to gain from renewed interest in emerging market stocks and ongoing electric vehicle adoption. Infosys stands out among emerging market stocks as a leader in this sector, and investors capitalizing on a rapidly growing Indian economy and shifting work trends should pay attention to Infosys.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Across all stock sectors and subtypes, few were hit harder this year than emerging market stocks. Vale SA (VALE) Source: Shutterstock Vale SA (NYSE:VALE), a nickel mining stock, stands to gain from renewed interest in emerging market stocks and ongoing electric vehicle adoption. Infosys stands out among emerging market stocks as a leader in this sector, and investors capitalizing on a rapidly growing Indian economy and shifting work trends should pay attention to Infosys.
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2023-12-12 00:00:00 UTC
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Health Care Sector Update for 12/14/2023: MRNA, RPHM, SDGR, MRK
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https://www.nasdaq.com/articles/health-care-sector-update-for-12-14-2023%3A-mrna-rphm-sdgr-mrk
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Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.5%.
The iShares Biotechnology ETF (IBB) rose 0.9%.
In corporate news, Moderna (MRNA) shares popped 9.1% after the company shared positive data from a phase 2b trial of a cancer treatment it is testing with Merck (MRK). Merck fell 0.6%.
Reneo Pharmaceuticals (RPHM) sank 81% after it said Thursday that a study of mavodelpar in adults with primary mitochondrial myopathies failed to meet its primary or secondary efficacy endpoints.
Schrodinger (SDGR) shares jumped 13% after new data from a phase 1 trial showed that SGR-1505 was well tolerated and there were no drug-related serious adverse events or dose-limiting toxicities reported.
The views and 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, Moderna (MRNA) shares popped 9.1% after the company shared positive data from a phase 2b trial of a cancer treatment it is testing with Merck (MRK). Reneo Pharmaceuticals (RPHM) sank 81% after it said Thursday that a study of mavodelpar in adults with primary mitochondrial myopathies failed to meet its primary or secondary efficacy endpoints. Schrodinger (SDGR) shares jumped 13% after new data from a phase 1 trial showed that SGR-1505 was well tolerated and there were no drug-related serious adverse events or dose-limiting toxicities reported.
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Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.5%. In corporate news, Moderna (MRNA) shares popped 9.1% after the company shared positive data from a phase 2b trial of a cancer treatment it is testing with Merck (MRK). Schrodinger (SDGR) shares jumped 13% after new data from a phase 1 trial showed that SGR-1505 was well tolerated and there were no drug-related serious adverse events or dose-limiting toxicities reported.
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Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.5%. In corporate news, Moderna (MRNA) shares popped 9.1% after the company shared positive data from a phase 2b trial of a cancer treatment it is testing with Merck (MRK). Schrodinger (SDGR) shares jumped 13% after new data from a phase 1 trial showed that SGR-1505 was well tolerated and there were no drug-related serious adverse events or dose-limiting toxicities reported.
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Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.5%. The iShares Biotechnology ETF (IBB) rose 0.9%. In corporate news, Moderna (MRNA) shares popped 9.1% 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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2023-12-12 00:00:00 UTC
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Technology Sector Update for 12/14/2023: ADBE, MVIS, AAPL, GOOG
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https://www.nasdaq.com/articles/technology-sector-update-for-12-14-2023%3A-adbe-mvis-aapl-goog
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Tech stocks were mixed Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 3%.
The Philadelphia Semiconductor index rose 2.1%.
In corporate news, Adobe (ADBE) shares tumbled 6.5%, a day after fiscal 2024 revenue guidance disappointed investors.
MicroVision (MVIS) rose 1.9% after the company said it expects its 2023 revenue to be near the top end of its previous forecast of $6.5 million to $8 million.
Apple (AAPL) and Alphabet's (GOOG) Google were asked by the European Commission to provide information on risk-mitigation measures on their app stores, the EU's executive arm said Thursday. Apple fell 0.5%, and Alphabet dropped 1.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tech stocks were mixed Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 3%. In corporate news, Adobe (ADBE) shares tumbled 6.5%, a day after fiscal 2024 revenue guidance disappointed investors. Apple (AAPL) and Alphabet's (GOOG) Google were asked by the European Commission to provide information on risk-mitigation measures on their app stores, the EU's executive arm said Thursday.
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The Philadelphia Semiconductor index rose 2.1%. MicroVision (MVIS) rose 1.9% after the company said it expects its 2023 revenue to be near the top end of its previous forecast of $6.5 million to $8 million. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tech stocks were mixed Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 3%. MicroVision (MVIS) rose 1.9% after the company said it expects its 2023 revenue to be near the top end of its previous forecast of $6.5 million to $8 million. Apple (AAPL) and Alphabet's (GOOG) Google were asked by the European Commission to provide information on risk-mitigation measures on their app stores, the EU's executive arm said Thursday.
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Tech stocks were mixed Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 3%. The Philadelphia Semiconductor index rose 2.1%. In corporate news, Adobe (ADBE) shares tumbled 6.5%, a day after fiscal 2024 revenue guidance disappointed investors.
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2023-12-12 00:00:00 UTC
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Why Intrepid Potash Stock Is Popping This Week
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https://www.nasdaq.com/articles/why-intrepid-potash-stock-is-popping-this-week
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For the second day in a row, shares of fertilizer miner Intrepid Potash (NYSE: IPI) are scoring strong gains on Thursday -- up 19.7% through noon ET on top of a 4.3% gain yesterday.
And here's the crazy thing: Intrepid Potash is not going up because of potash. It's going up because of lithium.
Is this potash miner sitting on a gold mine?
This stock's rally began on Tuesday with an announcement by Intrepid Potash that it will partner with privately owned Pickering Energy Partners to exploit the value of the lithium in Intrepid's mine in Wendover, Utah.
"We have long known [lithium] to be present in the brine at our Wendover mine," CEO Bob Jornayvaz said. And apparently, we're not talking about just a little lithium, either. Pickering's chief investment officer, Dan Pickering, characterizes the lithium opportunity as being "as compelling as [Intrepid's] existing potash operation."
Depending on how precise he intended that statement to be, this could mean that the lithium business might add as much as another $170 million to Intrepid's annual revenue stream, and perhaps double the company's profits.
Is Intrepid Potash a buy?
(Extremely) hypothetically, profits might even benefit by more than just a doubling of sales might imply. This is because Intrepid Potash already has most of the infrastructure built for lithium producing.
As the company explains, the process by which it produces potash involves processing brine to concentrate potassium and then deposit potash and salt (including lithium salts) for later processing. Thus, the same evaporation process that already produces potash should also easily produce lithium, which then just needs to be separated out, processed, and sold.
Basically then, by selling its lithium instead of just throwing it away, Intrepid Potash will be able to more fully utilize its existing infrastructure, spreading costs out over more revenue -- resulting in better profit margins.
The company might not look like a great investment at 42 times earnings today. But if more revenue and higher margins mean more profits in the future, that price-to-earnings ratio could be coming down in the future -- making Intrepid Potash stock look like a much better buy.
Should you invest $1,000 in Intrepid Potash right now?
Before you buy stock in Intrepid Potash, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intrepid Potash 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
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"We have long known [lithium] to be present in the brine at our Wendover mine," CEO Bob Jornayvaz said. Depending on how precise he intended that statement to be, this could mean that the lithium business might add as much as another $170 million to Intrepid's annual revenue stream, and perhaps double the company's profits. Basically then, by selling its lithium instead of just throwing it away, Intrepid Potash will be able to more fully utilize its existing infrastructure, spreading costs out over more revenue -- resulting in better profit margins.
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As the company explains, the process by which it produces potash involves processing brine to concentrate potassium and then deposit potash and salt (including lithium salts) for later processing. Before you buy stock in Intrepid Potash, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intrepid Potash wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rich Smith has no position in any of the stocks mentioned.
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This stock's rally began on Tuesday with an announcement by Intrepid Potash that it will partner with privately owned Pickering Energy Partners to exploit the value of the lithium in Intrepid's mine in Wendover, Utah. As the company explains, the process by which it produces potash involves processing brine to concentrate potassium and then deposit potash and salt (including lithium salts) for later processing. Before you buy stock in Intrepid Potash, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intrepid Potash wasn't one of them.
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It's going up because of lithium. Should you invest $1,000 in Intrepid Potash right now? Before you buy stock in Intrepid Potash, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intrepid Potash wasn't one of them.
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2023-12-12 00:00:00 UTC
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Massive News for Ford Stock, Tesla Stock, and Rivian Stock Investors!
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https://www.nasdaq.com/articles/massive-news-for-ford-stock-tesla-stock-and-rivian-stock-investors
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Fool.com contributor Parkev Tatevosian reviews what Ford's (NYSE: F) announcement could mean for shareholders of not only Ford stock but also other EV truckmakers, like Rivian (NASDAQ: RIVN) and Tesla (NASDAQ: TSLA).
*Stock prices used were the afternoon prices of Dec. 12, 2023. The video was published on Dec. 14, 2023.
Should you invest $1,000 in Ford Motor Company right now?
Before you buy stock in Ford Motor Company, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Ford Motor Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 10 stocks that made the cut could produce monster returns in the coming years. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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Should you invest $1,000 in Ford Motor Company right now? Before you buy stock in Ford Motor Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Ford Motor Company wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Fool.com contributor Parkev Tatevosian reviews what Ford's (NYSE: F) announcement could mean for shareholders of not only Ford stock but also other EV truckmakers, like Rivian (NASDAQ: RIVN) and Tesla (NASDAQ: TSLA). Before you buy stock in Ford Motor Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Ford Motor Company wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Before you buy stock in Ford Motor Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Ford Motor Company wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. His opinions remain his own and are unaffected by The Motley Fool.
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2023-12-12 00:00:00 UTC
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3 Strong Buy Stocks for a Year-End Pickup
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https://www.nasdaq.com/articles/3-strong-buy-stocks-for-a-year-end-pickup
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It’s time for investors to do some year-end planning. What worked? What didn’t? If you’re looking to add to your portfolio, identifying strong buy stocks is a good place to start.
Part of every investor’s due diligence is to look at analyst ratings. While they get it wrong sometimes, analyst opinions carry weight because they are deeply immersed in specific companies and sectors.
In 2023, those ratings go well beyond “Buy,” “Sell,” or “Hold.” The idea was to allow analysts more nuance in their recommendations. Therefore, when analysts give a stock a “Strong Buy” rating, investors should pay attention. That’s a message to investors to look at those stocks closely.
To be clear, it’s virtually impossible to find a stock that will have a consensus “Strong Buy” rating. However, the stocks on this list are being covered by a statistically significant number of analysts and are getting a substantial number of “Strong Buy” ratings. Therefore, they can be considered strong buy stocks. Here are three of those stocks for you to consider.
Zscaler (ZS)
Source: Sundry Photography / Shutterstock.com
Zscaler (NASDAQ:ZS) is a leader in a specific kind of cybersecurity built on zero trust architecture. What problem is zero trust attempting to solve?
Even before companies were adopting a fully remote or hybrid environment, there were networks spread over multiple cloud networks with remote users and multiple IoT devices. However, having these devices outside of a company’s “perimeter” opens the door for hackers and malware to infect a system.
And ironically, as much as artificial intelligence (AI) is expected to aid companies in their cybersecurity systems, generative AI is increasing the threats these companies face.
That’s where zero trust comes in. This system requires each device and user to be checked with every demand for access. Zscaler’s Zero Trust Exchange is a cloud-based AI-powered threat prevention system. In the third quarter, the company grew at a 30% clip that led the market. The company’s guidance suggests that’s just the beginning.
Out of 40 analysts that have given ZS stock a rating in the last three months, 29 give the stock a “Strong Buy” rating. If you want exposure to strong buy stocks in the cybersecurity sector, Zscaler merits your attention.
Salesforce (CRM)
Source: Sundry Photography / Shutterstock.com
Salesforce (NYSE:CRM) is one of 2023’s best-performing stocks. The company’ has the world’s number one generative AI solution for customer relationship management.
As of this writing, CRM stock is up 93%. Understandably, investors on the sidelines may be hesitant to chase the stock higher. Howeer since this is an article about “Strong Buy” stocks, you already know that Salesforce has that going for it.
However, in December, Salesforce and Apple (NASDAQ:AAPL) announced an expansion of their partnership. The new integrations will further embed Salesforce into the Apple ecosystem. And on December 12, the company announced that they were expanding their partnership with Automatic Data Processing (NASDAQ:ADP) “to reimagine ADPs client experience for ADPs more than one million clients.
That being said, the current consensus price target for CRM stock points to a 7% gain. However, of the 48 analysts that issued a rating on Salesforce in the last three months, 29 gave the stock a “Strong Buy” rating.
Vale (VALE)
Source: rafapress / Shutterstock.com
If you prefer strong buy stocks that also pay attractive dividends, Vale (NYSE:VALE) looks very appealing. It’s a Brazilian-based company that is offering attractive value with a forward price-to-earnings ratio of 6.7 times. it also pays a semi-annual dividend that currently yields 6.94%.
The company is best known for mining iron ore and copper. That would be enough to get it on the radar of many investors. However, the company is also one of the world’s leading miners of nickel. In addition to lithium, nickel is a metal that is essential to the EV industry.
VALE stock is down 12% in 2023 due, in part, to two consecutive quarters of misses on the top and bottom lines. However, the company got back on track in its most recent quarter and is up approximately 8% in the last three months.
Analysts are forecasting earnings growth of 29.7% in the next 12 months. That corresponds to a consensus price target that gives VALE stock a 17% gain in that same period. Out of 23 analysts, 14 give the stock a “Strong Buy” rating.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
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The post 3 Strong Buy Stocks for a Year-End Pickup 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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VALE stock is down 12% in 2023 due, in part, to two consecutive quarters of misses on the top and bottom lines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Strong Buy Stocks for a Year-End Pickup appeared first on InvestorPlace.
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Zscaler (ZS) Source: Sundry Photography / Shutterstock.com Zscaler (NASDAQ:ZS) is a leader in a specific kind of cybersecurity built on zero trust architecture. Salesforce (CRM) Source: Sundry Photography / Shutterstock.com Salesforce (NYSE:CRM) is one of 2023’s best-performing stocks. Vale (VALE) Source: rafapress / Shutterstock.com If you prefer strong buy stocks that also pay attractive dividends, Vale (NYSE:VALE) looks very appealing.
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Therefore, when analysts give a stock a “Strong Buy” rating, investors should pay attention. Out of 40 analysts that have given ZS stock a rating in the last three months, 29 give the stock a “Strong Buy” rating. However, of the 48 analysts that issued a rating on Salesforce in the last three months, 29 gave the stock a “Strong Buy” rating.
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Therefore, when analysts give a stock a “Strong Buy” rating, investors should pay attention. Here are three of those stocks for you to consider. Howeer since this is an article about “Strong Buy” stocks, you already know that Salesforce has that going for it.
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2023-12-12 00:00:00 UTC
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Gold Price Predictions 2024: How Much Higher Will the Yellow Metal Go?
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https://www.nasdaq.com/articles/gold-price-predictions-2024%3A-how-much-higher-will-the-yellow-metal-go
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Gold has gained significant attention over the past year as prices have surged to near all-time highs at the time of writing. Indeed, Costco (NASDAQ:COST) even entered the market, selling gold bars online.
Having surpassed $2,000 per ounce in November, gold prices are anticipated to rise in 2024, supported by robust safe-haven buying amid geopolitical concerns and a modestly weakened U.S. dollar, according to analysts. However, some experts suggest gold could stabilize in the coming year.
The World Bank Commodity Outlook noted an escalation of the Middle East conflict may lead to significantly higher prices, driven by heightened demand for safe-haven assets.
Predicting an increase in gold prices in 2024, research agency BMI, a unit of Fitch Solutions, cites anticipated investment flows into gold. The projection factors in a global growth slowdown from 2.6% in 2023 to 2.1% in 2024, a further weakening of the dollar, and a 50% probability of a shallow recession in the U.S., prompting potential rate cuts by the Fed.
With inflation concerns, gold became a popular hedge, offering portfolio diversification and long-term value. Despite fluctuations, experts weigh in on 2024 price predictions.
Gold and Inflation
Gold’s recent popularity and price surge are fueled by persistent inflation. Despite multiple interest rate hikes by the Fed, inflation remains above the 2% target. WisdomTree Investments forecasts ongoing high inflation, with a 3.1% rate at the start of 2024 and 2.60% by Q3. That sustained inflation trend may drive increased demand for gold and subsequently higher prices, echoing historical patterns seen in 1980 when gold reached a record $800 per ounce amid generational inflation.
Despite forecasts projecting gold to reach new highs next year, uncertainties persist. If economic conditions worsen, driving increased demand for defensive assets, gold prices could rise, offering potential upside beyond current predictions.
Geopolitical factors, such as conflicts and presidential elections, can also significantly impact gold prices. For instance, during the Israel-Hamas conflict in October, gold surged due to heightened geopolitical risks, reflecting its role as a safe-haven asset during times of uncertainty.
Additionally, the upcoming U.S. presidential election in 2024 is expected to maintain high retail demand for gold as investors seek to hedge against potential financial risks associated with a change in leadership.
Gold Forecasts for 2024
Economic uncertainties and geopolitical tensions suggest a 2024 rise in gold prices. Collin Plume, Noble Gold Investments founder, emphasizes gold as a vital portfolio hedge during downturns. WisdomTree forecasts steady 2024 increases, predicting $2,090 per ounce by Q3, with a bullish outlook for the yellow metal of $2,300.
Global gold prices surged to all-time highs this month, continuing a year-end rally. The World Gold Council’s 2024 outlook highlighted scenarios of a soft economic landing or a recession, both favoring higher gold prices. Uncertainty, global tensions and potential interest rate cuts contribute to strong gold demand.
Bank of America and Other Analysts Are Bullish on Gold
Anticipating declining yields, gold prices are predicted to rise further. FXEmpire suggests a potential major rally, projecting gold to reach $3,000 if it surpasses the psychological barrier of $2,100. Bank of America (NYSE:BAC) forecasted in April that gold could hit $2,200 by Q4, a prediction that may align with the ongoing rally.
Gold prices have surged from around $1,200 per ounce in October 2018 to today’s $1,874, marking over a 50% increase in five years. Although slightly lower than the 2023 peak, experts, including Alex Ebkarian, suggest the dip is likely temporary, attributed to increased bond yields and a stronger dollar.
Many analysts, including Sean Casterline from Delta Capital Management, believe the last few years have seen gold consolidating before a potential upward move.
With potential inflationary pressure from expansive fiscal policies and continued government and industrial demand, experts anticipate gold prices to rise in 2024.
Will the Gold Surge Last?
These forecasts indicate a lasting upward trend in gold prices is likely to be maintained. Reaching a record $2,071 per troy ounce on Dec. 1, gold prices rose in seven of the past eight weeks, posting a 12% year-to-date increase. The World Gold Council outlined three economic scenarios for next year, with only one seeing an expansion without growth slowdown, posing a 5% to 10% chance of reducing gold prices.
More probable scenarios are a soft landing, with a 45% to 65% likelihood, keeping gold prices steady with upside potential, or a recession, with a 25-55% chance, leading to notably higher gold prices.
Invest in Gold in 2024
Historically, gold has appreciated, making it an opportune investment amid geopolitical instability, inflation and high interest rates. However, it’s essential to note that gold is generally seen as a safeguard rather than a source of substantial short-term returns.
According to Ebkarian, due to gold’s mid to long-term nature, it’s advisable to adopt a “buy and wait” strategy rather than trying to time the market. Gold’s scarcity, unlike the dollar, makes it a finite asset. Experts suggest allocating no more than 10% of your portfolio to gold for a well-diversified investment approach.
While not guaranteed, indications suggest a potential increase in gold prices next year. Investors contemplating gold investments might consider acting promptly to capture potential short-term returns before prices climb further.
On the date of publication, Chris MacDonald 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.
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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Having surpassed $2,000 per ounce in November, gold prices are anticipated to rise in 2024, supported by robust safe-haven buying amid geopolitical concerns and a modestly weakened U.S. dollar, according to analysts. The World Bank Commodity Outlook noted an escalation of the Middle East conflict may lead to significantly higher prices, driven by heightened demand for safe-haven assets. 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 Gold Price Predictions 2024: How Much Higher Will the Yellow Metal Go?
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For instance, during the Israel-Hamas conflict in October, gold surged due to heightened geopolitical risks, reflecting its role as a safe-haven asset during times of uncertainty. Uncertainty, global tensions and potential interest rate cuts contribute to strong gold demand. Invest in Gold in 2024 Historically, gold has appreciated, making it an opportune investment amid geopolitical instability, inflation and high interest rates.
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That sustained inflation trend may drive increased demand for gold and subsequently higher prices, echoing historical patterns seen in 1980 when gold reached a record $800 per ounce amid generational inflation. Gold Forecasts for 2024 Economic uncertainties and geopolitical tensions suggest a 2024 rise in gold prices. More probable scenarios are a soft landing, with a 45% to 65% likelihood, keeping gold prices steady with upside potential, or a recession, with a 25-55% chance, leading to notably higher gold prices.
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Gold Forecasts for 2024 Economic uncertainties and geopolitical tensions suggest a 2024 rise in gold prices. Bank of America and Other Analysts Are Bullish on Gold Anticipating declining yields, gold prices are predicted to rise further. Invest in Gold in 2024 Historically, gold has appreciated, making it an opportune investment amid geopolitical instability, inflation and high interest rates.
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2023-12-12 00:00:00 UTC
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3 Stocks to Watch From the Challenging Computer-Services Industry
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The Zacks Computer - Services industry has been facing macroeconomic challenges. Elongated sales cycle, lower conversion rates and delays by customers in making purchase decisions are notable headwinds. However, the industry is riding on the ongoing digital transformation, which is increasing the demand for cloud-enabled software solutions. The rising adoption of digital transformative techniques in healthcare and financial services has been a silver lining for industry participants. CACI International CACI, Perficient PRFT and CSG Systems CSGS are well-positioned to benefit from the above-mentioned factors. The growing need for consulting, research and cyber-security solutions, stringent regulations, digital healthcare, and the growing adoption of business automation solutions is likely to continue driving the industry’s prospects.
Industry Description
The Zacks Computer - Services industry primarily comprises companies that offer cloud and software-based solutions. Their offerings include consulting and research solutions, security solutions, business support solutions and systems engineering, as well as software application development solutions. The industry participants cater to varied end markets and customers, including intelligence, defense, U.S. government agencies, communications, banking, financial services, insurance, healthcare, and media and entertainment. Consultancy companies in the industry are helping clients in their ongoing digital transformation. They provide end-to-end services, including application development, integration and maintenance, technology infrastructure management and business process services.
3 Computer-Services Industry Trends to Watch
Remote & Hybrid Work Trends Boost Prospects: The industry’s growth is expected to accelerate in the days ahead based on an increasing number of remote and hybrid workers. In this era of digital transformation, enterprises are actively seeking a common ground between on-premise and cloud infrastructures, enabling them to provide flexible and easily adaptable hybrid solutions. The coronavirus-induced remote-working trend has led to increased demand for cloud and cost-efficient business support solutions, as well as other digital monetization solutions, which bode well for the industry.
Growing Cyber Attacks are Creating a Tailwind: The increasing number of cyber-attacks and related security risks are expected to keep the industry’s momentum alive. Government agencies are ideal targets for cyber-attacks, as they are entrusted with sensitive information. Therefore, the growing need for cyber security solutions and services in critical areas like defense, intelligence and civilian agencies of the U.S. government bodes well for industry players.
Regulatory Compliance Drives Demand: The companies in this industry are likely to benefit from increasingly complex network systems and sensitive information environments in which governments and businesses operate. The industry participants are keeping pace with the global regulatory and business practice requirements, thereby helping customers incorporate the best practices while complying with governmental and industry norms.
Zacks Industry Rank Indicates Dim Prospects
The Zacks Computer – Services industry is housed within the broader Zacks Computer and Technology sector. It currently carries a Zacks Industry Rank #183, which places it in the bottom 27% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Dec 31, 2022, the Zacks Consensus Estimate for the industry’s 2023 earnings has moved down 30.5%.
Despite the gloomy industry outlook, there are a few stocks worth watching. But before we present those stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and valuation picture.
Industry Lags Sector and S&P 500
The Zacks Computer – Services industry has underperformed the broader Zacks Computer and Technology sector and the S&P 500 Index over the past year.
The industry has risen 8.2% over this period compared with the S&P 500’s rally of 16.6% and the broader sector’s return of 37.8%.
One-Year Price Performance
Industry's Current Valuation
On the basis of forward 12-month P/E, which is a commonly used multiple for valuing computer stocks, we see that the industry is currently trading at 14.69X compared with the S&P 500’s 19.43X and the sector’s forward-12-month P/E of 24.66X.
Over the last five years, the industry has traded as high as 19.79X and as low as 12.67X, with a median of 16.12X, as the charts below show.
Forward 12-Month Price-to-Earnings (P/E) Ratio
3 Computer-Services Stocks to Watch Right Now
CSG Systems: This Zacks Rank #2 (Buy) company is benefiting from strong demand for its SaaS products. Expanding clientele driven by a robust portfolio is driving top-line growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CSG Systems continues to focus on delivering organic revenue growth in the range of 2-6% over the long term.
The Zacks Consensus Estimate for CSG Systems’ 2023 earnings has increased by a penny to $3.63 per share over the past 30 days. The stock has declined 7.8% in the year-to-date period.
Price and Consensus: CSGS
CACI International: This Zacks Rank #3 (Hold) company has been benefiting from business wins and organic expansions. CACI has a large pipeline of new projects and continues to win more deals at regular intervals. Having the government as a big client lends stability to the company’s business and moderates revenue fluctuations.
CACI’s sustained focus on its strategy to grow in larger markets and leverage mergers and acquisitions to further increase its market share.
The Zacks Consensus Estimate for CACI’s fiscal 2024 earnings has been steady at $20.05 per share over the past 30 days. The stock has gained 9.3% year to date.
Price and Consensus: CACI
Perficient: This Zacks Rank #3 company benefits from a strong partner base and an expanding clientele.
Perficient’s top-line benefits from partnerships with the likes of Microsoft and Adobe. This is helping it to win new deals. In third-quarter 2023, Perficient booked 37 deals greater than a million dollars.
The Zacks Consensus Estimate for Perficient’s fiscal 2023 earnings has been unchanged at $3.97 per share over the past 30 days. The stock has declined 1.9% year to date.
Price and Consensus: PRFT
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CACI International, Inc. (CACI) : Free Stock Analysis Report
Perficient, Inc. (PRFT) : Free Stock Analysis Report
CSG Systems International, Inc. (CSGS) : 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 industry participants cater to varied end markets and customers, including intelligence, defense, U.S. government agencies, communications, banking, financial services, insurance, healthcare, and media and entertainment. In this era of digital transformation, enterprises are actively seeking a common ground between on-premise and cloud infrastructures, enabling them to provide flexible and easily adaptable hybrid solutions. Regulatory Compliance Drives Demand: The companies in this industry are likely to benefit from increasingly complex network systems and sensitive information environments in which governments and businesses operate.
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Their offerings include consulting and research solutions, security solutions, business support solutions and systems engineering, as well as software application development solutions. 3 Computer-Services Stocks to Watch Right Now CSG Systems: This Zacks Rank #2 (Buy) company is benefiting from strong demand for its SaaS products. Click to get this free report CACI International, Inc. (CACI) : Free Stock Analysis Report Perficient, Inc. (PRFT) : Free Stock Analysis Report CSG Systems International, Inc. (CSGS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Industry Rank Indicates Dim Prospects The Zacks Computer – Services industry is housed within the broader Zacks Computer and Technology sector. Industry Lags Sector and S&P 500 The Zacks Computer – Services industry has underperformed the broader Zacks Computer and Technology sector and the S&P 500 Index over the past year. Click to get this free report CACI International, Inc. (CACI) : Free Stock Analysis Report Perficient, Inc. (PRFT) : Free Stock Analysis Report CSG Systems International, Inc. (CSGS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Industry Lags Sector and S&P 500 The Zacks Computer – Services industry has underperformed the broader Zacks Computer and Technology sector and the S&P 500 Index over the past year. Price and Consensus: CSGS CACI International: This Zacks Rank #3 (Hold) company has been benefiting from business wins and organic expansions. Price and Consensus: CACI Perficient: This Zacks Rank #3 company benefits from a strong partner base and an expanding clientele.
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2023-12-12 00:00:00 UTC
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Here's Why Floor & Decor (FND) is Rising Amid Low 2023 Prospect
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The Zacks Building Products – Wood industry is expected to benefit from solid repair and remodel demand and additional funding for infrastructure and carbon/ESG-related projects. Despite soft residential market demand and a challenging macroeconomic and geopolitical environment, Floor & Decor Holdings, Inc. FND is riding high on business expansion strategies and inorganic moves.
Shares of this hard surface flooring and related accessories retailer have risen 51.2% in the year-to-date period compared with the collective industry's 15.9% growth.
The company strategically invests in expanding its operations by enhancing existing stores, opening new ones and making accretive acquisitions. These efforts allow the company to broaden its reach to new communities and boost its growth momentum.
Image Source: Zacks Investment Research
FND recently expanded its presence in Manassas, VA, with the inauguration of its new store. This marks the company’s seventh store in the DMV Metropolitan Area. Also, Floor & Decor announced its debut location in Avenel, marking its 11th store opening in the New York City Metropolitan Area.
In November, the company opened a new store location in Ocean Township, NJ. In October, it announced the opening of two new warehouse store and design center locations. In Pennsylvania, the company opened its fourth store in Springfield Township. On the other hand, it unveiled its ninth store at Nanuet, in the New York City Metropolitan Area.
In the first nine months of 2023, the company opened 22 new warehouse stores, with a total count of 207 warehouse stores and five design studios at the end of the third quarter. It plans to open about 32 warehouse-format stores in fiscal 2023.
Along with store expansion, FND is committed to investing in associates and remodeling and enhancing existing stores. In the third quarter of 2023, the company closed an older warehouse store in Houston, strategically replacing stores in the surrounding market as the lease expired.
However, due to industry-wide construction delays, some late September 2023 warehouse store openings were pushed to the fourth quarter. These delays resulted from general contractors struggling to secure qualified subcontractors and local government municipalities remaining understaffed, particularly in the Northeast.
Rising mortgage interest rates and low existing home sales are creating hurdles for Floor & Decor. For 2023, the company expects capital expenditures to be between $550 million and $575 million, down from the previous guidance of $590-$630 million. This is expected to add flexibility to its 2024 new warehouse store openings.
For 2023, FND’s earnings are expected to decline 19.6% to $2.22 per share from $2.76 a year ago. Nonetheless, its 2024 earnings of $2.24 per share are likely to improve slightly, moving upward in the past 30 days.
The company anticipates continuing its New York expansion with a new warehouse store in Brooklyn. By focusing on improving customer services, investing in new and existing stores, and managing profitability efficiently, it has been able to survive in this uncertain economy.
Zacks Rank & Key Picks
FND currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks that warrant a look 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) at present.
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 and technology infrastructure, and enhancing productivity throughout the organization.
Frontdoor has seen an upward earnings estimate revision of 23% and 23.8% for 2023 and 2024, respectively, over the past 60 days to $2.03 and $2.34 per share. 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 each of the trailing four quarters, delivering an average surprise of 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 its long-term market strength, anticipating favorable impacts from local, state and federal funding.
Knife River has seen an upward earnings estimate revision of 30.2% for 2023 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 earnings estimate revision of 0.6% and 1.2% for fiscal 2024 and 2025, respectively, over the past seven days to $1.58 per share and $1.66 per share. The estimated figures indicate 16.2% and 5.1% year-over-year growth for fiscal 2024 and 2025, respectively.
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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
James Hardie Industries PLC. (JHX) : Free Stock Analysis Report
Floor & Decor Holdings, Inc. (FND) : 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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Despite soft residential market demand and a challenging macroeconomic and geopolitical environment, Floor & Decor Holdings, Inc. FND is riding high on business expansion strategies and inorganic moves. 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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Also, Floor & Decor announced its debut location in Avenel, marking its 11th store opening in the New York City Metropolitan Area. Some better-ranked stocks that warrant a look 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) at present. (JHX) : Free Stock Analysis Report Floor & Decor Holdings, Inc. (FND) : 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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In the first nine months of 2023, the company opened 22 new warehouse stores, with a total count of 207 warehouse stores and five design studios at the end of the third quarter. Some better-ranked stocks that warrant a look 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) at present. (JHX) : Free Stock Analysis Report Floor & Decor Holdings, Inc. (FND) : 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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The company strategically invests in expanding its operations by enhancing existing stores, opening new ones and making accretive acquisitions. Along with store expansion, FND is committed to investing in associates and remodeling and enhancing existing stores. Knife River has seen an upward earnings estimate revision of 30.2% for 2023 over the past 60 days to $3.15 per share.
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2023-12-12 00:00:00 UTC
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EXCLUSIVE-Insight, Clearlake close in on $5 bln deal for business software firm Alteryx-sources
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https://www.nasdaq.com/articles/exclusive-insight-clearlake-close-in-on-%245-bln-deal-for-business-software-firm-alteryx
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By Milana Vinn and Anirban Sen
Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to acquire data analytics software company Alteryx Inc AYX.N for around $5 billion, including debt, people familiar with the matter said.
The deal would come as fierce competition from big rivals such as Microsoft Corp MSFT.O and Oracle Corp ORCL.N, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target.
Insight and Clearlake are in discussions to pay more than $50 per share in cash for Alteryx, the sources said, cautioning that the negotiations have not been completed. Symphony Technology Group (STG), another private equity firm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added.
The sources requested anonymity because the matter is confidential. Alteryx, Insight, Clearlake and STG did not immediately respond to requests for comment.
(Reporting by Milanna Vinn and Anirban Sen in New York Editing by Greg Roumeliotis)
((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Milana Vinn and Anirban Sen Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to acquire data analytics software company Alteryx Inc AYX.N for around $5 billion, including debt, people familiar with the matter said. Insight and Clearlake are in discussions to pay more than $50 per share in cash for Alteryx, the sources said, cautioning that the negotiations have not been completed. Symphony Technology Group (STG), another private equity firm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added.
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By Milana Vinn and Anirban Sen Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to acquire data analytics software company Alteryx Inc AYX.N for around $5 billion, including debt, people familiar with the matter said. Symphony Technology Group (STG), another private equity firm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added. Alteryx, Insight, Clearlake and STG did not immediately respond to requests for comment.
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By Milana Vinn and Anirban Sen Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to acquire data analytics software company Alteryx Inc AYX.N for around $5 billion, including debt, people familiar with the matter said. Insight and Clearlake are in discussions to pay more than $50 per share in cash for Alteryx, the sources said, cautioning that the negotiations have not been completed. Symphony Technology Group (STG), another private equity firm, has also been vying for Alteryx and could still try to clinch a deal, one of the sources added.
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By Milana Vinn and Anirban Sen Dec 14 (Reuters) - A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to acquire data analytics software company Alteryx Inc AYX.N for around $5 billion, including debt, people familiar with the matter said. The deal would come as fierce competition from big rivals such as Microsoft Corp MSFT.O and Oracle Corp ORCL.N, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Insight and Clearlake are in discussions to pay more than $50 per share in cash for Alteryx, the sources said, cautioning that the negotiations have not been completed.
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2023-12-12 00:00:00 UTC
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Unlock $10,000 in Passive Income With These 3 Stocks
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
A formidable trio is worth looking for for investors looking for stable passive income. The first on the list has exceptional return on equity (ROE) and dividend growth, coupled with the second one’s resilience amid challenges and consistent distribution hikes, forming a resilient backbone. The third one’s strategic payout ratio and book value appreciation add allure.
A portfolio equally distributing investments across the three stocks could generate $10,000 in passive income annually with ~$112.5K invested. Assuming equal weights, there is ~$37.5K in each stock. The first one, at a 6.84% yield, would generate $2,565. Similarly, the second one, at a 7.64% yield, would produce $2,865. Finally, the third stock, at a 12.20% yield, would yield $4,575 in yearly income. The cumulative dividends from these stocks, considering equal weight and respective yields, sum up to ~$10K, meeting the passive income goal.
Read more to explore their financial prowess, growth strategies, and dividend stability, and delve deeper into each company’s metrics. These metrics highlight how this trinity strategically harmonizes to generate a reliable return.
Main Street Capital (MAIN)
Source: Pavel3d/ShutterStock.com
Main Street Capital (NYSE:MAIN) demonstrates exceptional ROE figures. For instance, in Q3 2023, ROE stands at 17.9% and 18.2% for the trailing 12-month period. This strong performance at this metric suggests the efficient use of shareholder funds to generate income.
Additionally, the net asset value (NAV) per share increased by 2.3% sequentially and 9.2% year-over-year. The impact of fair value increases in the investment portfolio, the accretive effects of equity issuances, and the retention of excess net investment income (NII) per share above total dividends paid collectively contributed to the growth in NAV. The growth highlights the company’s progressive investment strategies and value appreciation in its portfolio. Main Street boasts a highly diversified investment portfolio, spanning 195 companies across more than 50 industries, including lower middle market, private loan, and middle market portfolios.
Main Street’s dividend coverage ratio is a key metric reflecting its ability to cover dividend payments from its earnings. The distributable net investment income (DNII) surpassed the monthly dividends paid to shareholders by 51% and the total dividends paid by 8% in Q3. Thus, this robust dividend coverage ratio suggests that the company’s earnings adequately cover its dividend obligations. Fundamentally, it provides reassurance about the sustainability of dividends.
Main Street has exhibited consistent dividend growth over time. It declared a ninth consecutive quarterly supplemental dividend, representing a significant 35% increase beyond regular dividends. Lastly, the company announced a 6.7% increase in regular monthly dividends for Q1 2024 compared to Q1 2023. Therefore, these consistent dividend increases signify Main Street’s focus on returning value to its shareholders.
Enterprise Products Partners (EPD)
Source: Casimiro PT / Shutterstock.com
Enterprise Products Partners (NYSE:EPD) faced several operational challenges. They include record heat-affected processing plant throughput, operational issues at PDH plants, and low natural gas and NGL prices. Despite these adversities, Enterprise Products Partners achieved noteworthy operational milestones and handled record volumes across its midstream system.
Fundamentally, Enterprise Products Partners has a diverse portfolio across midstream segments and plays a crucial role in mitigating the impact of challenges. The portfolio includes liquid pipelines, natural gas pipelines, NGL fractionators, and marine terminals. The company can transport 12.2 million barrels of crude oil equivalent daily and export various hydrocarbons. This highlights the company’s operational strength and adaptability to market fluctuations.
Additionally, Enterprise Products Partners has made substantial capital investments to build a solid growth momentum, focusing on growth projects totaling $2.3 billion in the first three quarters of 2023. It forecasts significant growth in capital expenditures for 2023 ($3 billion) and maintains a balanced approach to capital allocation. Interestingly, the company manages its debt prudently, with a weighted average cost of debt of 4.6% and a high percentage of fixed-rate debt.
Strategically, Enterprise Products Partners demonstrated a proactive approach toward expansion and growth. The company plans to build two additional 300 million cubic feet-per-day processing plants in the Permian Basin, further expanding its infrastructure. Further, they unveiled plans for converting the Seminole crude oil pipeline back to NGL service and announced the Bahia 30-inch NGL pipeline, enhancing NGL takeaway capacity.
Lastly, Enterprise Products Partners demonstrated consistent distribution growth (25 consecutive years). For instance, it has announced a 5.3% increase in distributions for Q3 2023 compared to Q3 2022. Therefore, the company showcased a disciplined approach to buyback programs, reducing the common unit count without significant asset sales.
Arbor Realty Trust (ABR)
Source: Pavel Kapysh / Shutterstock.com
Arbor Realty Trust (NYSE:ABR) maintains a progressive dividend payout ratio. As of Q3 2023, the ratio is approximately 78%, indicating that a substantial portion of its earnings remain available for reinvestment, with the remaining being critical for financial stability and a growth strategy.
At a broader level, maintaining a lower payout ratio in an industry context indicates the company’s confidence in its ability to generate consistent earnings while sustaining shareholder dividends. This fundamental suggests that Arbor Realty Trust’s business model is designed to generate earnings that surpass dividend payments. As a result, this is providing a shield for potential market fluctuations.
In detail, in Q3 2023, Arbor Realty Trust reported distributable earnings of $0.55 per share and an 18% ROE. Such a high ROE suggests that Arbor Realty Trust generated a significant return on the equity invested by its shareholders, indicating operational efficiency and effective utilization of available capital.
Arbor Realty Trust’s effective management of its balance sheet, as demonstrated by recouping approximately $100 million of capital and originating $1.1 billion of loans in the GSE/Agency Business. Recouping invested capital while originating new loans signifies a dynamic approach to managing its loan portfolio.
Additionally, Arbor Realty Trust’s significant book value appreciation, experiencing approximately 40% growth over three years from around $9 to nearly $13 per share, indicates its solid underlying asset performance. This substantial appreciation implies that Arbor Realty Trust’s assets have increased in value over time. This is due to factors such as improved market conditions, effective management of risks, or progressive investments.
Overall, a rising book value per share boosts shareholders’ increased ownership value. Therefore, this suggests the company can create shareholder value and attract further investment interest.
On the date of publication, Yiannis Zourmpanos 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.
Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.
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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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At a broader level, maintaining a lower payout ratio in an industry context indicates the company’s confidence in its ability to generate consistent earnings while sustaining shareholder dividends. Such a high ROE suggests that Arbor Realty Trust generated a significant return on the equity invested by its shareholders, indicating operational efficiency and effective utilization of available capital. Additionally, Arbor Realty Trust’s significant book value appreciation, experiencing approximately 40% growth over three years from around $9 to nearly $13 per share, indicates its solid underlying asset performance.
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Main Street Capital (MAIN) Source: Pavel3d/ShutterStock.com Main Street Capital (NYSE:MAIN) demonstrates exceptional ROE figures. Additionally, Enterprise Products Partners has made substantial capital investments to build a solid growth momentum, focusing on growth projects totaling $2.3 billion in the first three quarters of 2023. Arbor Realty Trust (ABR) Source: Pavel Kapysh / Shutterstock.com Arbor Realty Trust (NYSE:ABR) maintains a progressive dividend payout ratio.
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The impact of fair value increases in the investment portfolio, the accretive effects of equity issuances, and the retention of excess net investment income (NII) per share above total dividends paid collectively contributed to the growth in NAV. The distributable net investment income (DNII) surpassed the monthly dividends paid to shareholders by 51% and the total dividends paid by 8% in Q3. Such a high ROE suggests that Arbor Realty Trust generated a significant return on the equity invested by its shareholders, indicating operational efficiency and effective utilization of available capital.
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A portfolio equally distributing investments across the three stocks could generate $10,000 in passive income annually with ~$112.5K invested. The growth highlights the company’s progressive investment strategies and value appreciation in its portfolio. This fundamental suggests that Arbor Realty Trust’s business model is designed to generate earnings that surpass dividend payments.
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080c6221-36c4-430d-b336-f6a345247150
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712637.0
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2023-12-12 00:00:00 UTC
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Alphabet (GOOGL) to Add New Features to Google Messages
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DCOMP
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https://www.nasdaq.com/articles/alphabet-googl-to-add-new-features-to-google-messages
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nan
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nan
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Alphabet’s GOOGL Google is set to bolster its Messages app on Android on the back of new feature updates. It is introducing a new in-app contacts page for Google Messages, replacing the previous method of tapping the photo + name at the top of a conversation.
Notably, the profile picture, name and number are centered at the top, followed by circular shortcuts for phone calls, opening Google Contacts, and searching.
Google is also adding Material 3 carousel to its Messages app, allowing items to expand and shrink while scrolling, with a display of videos, links and more.
Additionally, the new feature boasts shortcuts to notifications, spam blocking, end-to-end encryption status verification and group conversations, with a "people" section for group discussions.
Alphabet is expected to gain solid traction across Android users on the back of its latest move.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
More on Google Messages
The latest move is in sync with Alphabet’s increasing focus on updating its Google Messages app with enhanced features.
Notably, Google integrated generative AI capabilities into its Google Messages app with Magic Compose.
Magic Compose, a Google AI, reads 20 conversations and generates responses based on user needs. Users can prompt it to write a professional message, stating their absence from work.
Further, Google added a "plus" shortcut to its Google Messages app, offering Android users a redesign, including a left-facing compose field and an emoji shortcut, along with Magic Compose, a new Gallery icon and a plus menu on the right.
Additionally, Google introduced Photomoji for reactions and stickers on Google Messages, with the app displaying a circular badge over the compose button. Users can add new emojis by long-pressing on SMS or RCS chat.
Also, Google unveiled a camera shortcut to the app bar on the new homescreen of Google Messages app on Android.
Conclusion
We believe that all the above-mentioned endeavors will likely strengthen Alphabet’s Android offerings, which, in turn, will boost its Google Services segment that accounts for the majority of GOOGL’s total revenues.
In third-quarter 2023, Google Services’ revenues increased 10.8% year over year to $67.99 billion, accounting for 88.6% of total revenues.
Our model expects fourth-quarter 2023 Google Services revenues to be $72.79 billion, indicating growth of 7.3% from the 2022 level.
Strength in the underlined segment will likely aid its overall financial performance in the upcoming period. This, in turn, will instill investors’ optimism in the stock.
Our model estimate for fourth-quarter 2023 total revenues is pegged at $81.95 billion, indicating year-over-year growth of 7.8%.
Alphabet’s shares have rallied 50.3% on a year-to-date basis compared with the industry’s growth of 51.3%.
Zacks Rank & Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Badger Meter BMI, Arista Networks ANET and CrowdStrike CRWD. While Badger Meter sports a Zacks Rank #1 (Strong Buy) at present, Arista Networks and CrowdStrike carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Badger Meter have risen 42.1% in the year-to-date period. BMI’s long-term earnings growth rate is 20.39%.
Shares of Arista Networks have rallied 89.2% in the year-to-date period. ANET’s long-term earnings growth rate is 19.77%.
Shares of CrowdStrike have risen 139.4% year to date. CRWD’s long-term earnings growth rate is 36.07%.
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
Badger Meter, Inc. (BMI) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
CrowdStrike (CRWD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Notably, the profile picture, name and number are centered at the top, followed by circular shortcuts for phone calls, opening Google Contacts, and searching. Google is also adding Material 3 carousel to its Messages app, allowing items to expand and shrink while scrolling, with a display of videos, links and more. 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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Our model expects fourth-quarter 2023 Google Services revenues to be $72.79 billion, indicating growth of 7.3% from the 2022 level. While Badger Meter sports a Zacks Rank #1 (Strong Buy) at present, Arista Networks and CrowdStrike carry a Zacks Rank #2 (Buy) each. Click to get this free report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote More on Google Messages The latest move is in sync with Alphabet’s increasing focus on updating its Google Messages app with enhanced features. Further, Google added a "plus" shortcut to its Google Messages app, offering Android users a redesign, including a left-facing compose field and an emoji shortcut, along with Magic Compose, a new Gallery icon and a plus menu on the right. Click to get this free report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Further, Google added a "plus" shortcut to its Google Messages app, offering Android users a redesign, including a left-facing compose field and an emoji shortcut, along with Magic Compose, a new Gallery icon and a plus menu on the right. Some better-ranked stocks in the broader technology sector are Badger Meter BMI, Arista Networks ANET and CrowdStrike CRWD. Want the latest recommendations from Zacks Investment Research?
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7d7e393b-8893-4695-9be5-b162a2abf6db
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712638.0
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2023-12-12 00:00:00 UTC
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Thursday's ETF Movers: TAN, KIE
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DCOMP
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https://www.nasdaq.com/articles/thursdays-etf-movers%3A-tan-kie
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nan
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nan
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In trading on Thursday, the Invesco Solar ETF is outperforming other ETFs, up about 9.3% on the day. Components of that ETF showing particular strength include shares of Maxeon Solar Technologies, up about 26.1% and shares of Sunrun, up about 21.8% on the day.
And underperforming other ETFs today is the SPDR S&P Insurance ETF, off about 1.7% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Arthur J. Gallagher, lower by about 6.3%, and shares of Everest Group, lower by about 5.7% on the day.
VIDEO: Thursday's ETF Movers: TAN, KIE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Maxeon Solar Technologies, up about 26.1% and shares of Sunrun, up about 21.8% on the day. Among components of that ETF with the weakest showing on Thursday were shares of Arthur J. Gallagher, lower by about 6.3%, and shares of Everest Group, lower by about 5.7% on the day. VIDEO: Thursday's ETF Movers: TAN, KIE The views and 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, the Invesco Solar ETF is outperforming other ETFs, up about 9.3% on the day. Components of that ETF showing particular strength include shares of Maxeon Solar Technologies, up about 26.1% and shares of Sunrun, up about 21.8% on the day. Among components of that ETF with the weakest showing on Thursday were shares of Arthur J. Gallagher, lower by about 6.3%, and shares of Everest Group, lower by about 5.7% on the day.
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In trading on Thursday, the Invesco Solar ETF is outperforming other ETFs, up about 9.3% on the day. Components of that ETF showing particular strength include shares of Maxeon Solar Technologies, up about 26.1% and shares of Sunrun, up about 21.8% on the day. Among components of that ETF with the weakest showing on Thursday were shares of Arthur J. Gallagher, lower by about 6.3%, and shares of Everest Group, lower by about 5.7% on the day.
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In trading on Thursday, the Invesco Solar ETF is outperforming other ETFs, up about 9.3% on the day. Components of that ETF showing particular strength include shares of Maxeon Solar Technologies, up about 26.1% and shares of Sunrun, up about 21.8% on the day. And underperforming other ETFs today is the SPDR S&P Insurance ETF, off about 1.7% in Thursday afternoon trading.
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53d67692-b87f-429a-a612-dd5f084fd206
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712639.0
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2023-12-12 00:00:00 UTC
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Is Host Hotels (HST) a Solid Growth Stock? 3 Reasons to Think "Yes"
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DCOMP
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https://www.nasdaq.com/articles/is-host-hotels-hst-a-solid-growth-stock-3-reasons-to-think-yes
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nan
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nan
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Host Hotels (HST) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this lodging real estate investment trust is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Host Hotels is 1.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 2.4% this year, crushing the industry average, which calls for EPS growth of -0.2%.
Impressive Asset Utilization Ratio
Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, Host Hotels has an S/TA ratio of 0.43, which means that the company gets $0.43 in sales for each dollar in assets. Comparing this to the industry average of 0.13, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And Host Hotels is well positioned from a sales growth perspective too. The company's sales are expected to grow 7.6% this year versus the industry average of 4.1%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Host Hotels have been revising upward. The Zacks Consensus Estimate for the current year has surged 3.2% over the past month.
Bottom Line
Host Hotels has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Host Hotels well for outperformance, so growth investors may want to bet on it.
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
Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this lodging real estate investment trust is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock.
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The company's sales are expected to grow 7.6% this year versus the industry average of 4.1%. Promising Earnings Estimate Revisions Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. Bottom Line Host Hotels has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
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9801537b-751a-4d71-b885-e15adfd67258
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712640.0
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2023-12-12 00:00:00 UTC
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Thursday's ETF with Unusual Volume: GXC
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DCOMP
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https://www.nasdaq.com/articles/thursdays-etf-with-unusual-volume%3A-gxc
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nan
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nan
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The SPDR S&P China ETF is seeing unusually high volume in afternoon trading Thursday, with over 507,000 shares traded versus three month average volume of about 79,000. Shares of GXC were up about 1.1% on the day.
Components of that ETF with the highest volume on Thursday were NIO, trading up about 4.8% with over 57.7 million shares changing hands so far this session, and Lufax Holding, up about 1.3% on volume of over 24.1 million shares. Canaan is the component faring the best Thursday, up by about 28.7% on the day, while Lanvin Group Holdings is lagging other components of the SPDR S&P China ETF, trading lower by about 11.7%.
VIDEO: Thursday's ETF with Unusual Volume: GXC
The views and 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 SPDR S&P China ETF is seeing unusually high volume in afternoon trading Thursday, with over 507,000 shares traded versus three month average volume of about 79,000. Components of that ETF with the highest volume on Thursday were NIO, trading up about 4.8% with over 57.7 million shares changing hands so far this session, and Lufax Holding, up about 1.3% on volume of over 24.1 million shares. VIDEO: Thursday's ETF with Unusual Volume: GXC The views and 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 SPDR S&P China ETF is seeing unusually high volume in afternoon trading Thursday, with over 507,000 shares traded versus three month average volume of about 79,000. Canaan is the component faring the best Thursday, up by about 28.7% on the day, while Lanvin Group Holdings is lagging other components of the SPDR S&P China ETF, trading lower by about 11.7%. VIDEO: Thursday's ETF with Unusual Volume: GXC The views and 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 SPDR S&P China ETF is seeing unusually high volume in afternoon trading Thursday, with over 507,000 shares traded versus three month average volume of about 79,000. Components of that ETF with the highest volume on Thursday were NIO, trading up about 4.8% with over 57.7 million shares changing hands so far this session, and Lufax Holding, up about 1.3% on volume of over 24.1 million shares. Canaan is the component faring the best Thursday, up by about 28.7% on the day, while Lanvin Group Holdings is lagging other components of the SPDR S&P China ETF, trading lower by about 11.7%.
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The SPDR S&P China ETF is seeing unusually high volume in afternoon trading Thursday, with over 507,000 shares traded versus three month average volume of about 79,000. Canaan is the component faring the best Thursday, up by about 28.7% on the day, while Lanvin Group Holdings is lagging other components of the SPDR S&P China ETF, trading lower by about 11.7%. VIDEO: Thursday's ETF with Unusual Volume: GXC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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b282f44d-59b1-406c-9186-ba19357d5360
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712641.0
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2023-12-12 00:00:00 UTC
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Daily Dividend Report: AEO,CAG,AMT,XEL,TOL
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DCOMP
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https://www.nasdaq.com/articles/daily-dividend-report%3A-aeocagamtxeltol
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nan
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nan
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American Eagle Outfitters announced that its Board of Directors has raised the amount of its quarterly cash dividend by 25%. The Board declared a regular quarterly cash dividend of $0.125 on December 13, 2023, payable on January 19, 2024 to stockholders of record at the close of business on January 5, 2024. "I am pleased to announce a 25% increase in our quarterly dividend, reflecting improved fundamentals and free cash flow over the course of 2023. This underscores the strength of our balance sheet and confidence in our strategic direction as we enter 2024. We remain committed to delivering sustained profitable growth and returns to our shareholders," commented Jay Schottenstein, AEO's Executive Chairman of the Board and Chief Executive Officer.
Conagra Brands, today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on February 29, 2024 to stockholders of record as of the close of business on January 30, 2024. Conagra Brands has paid consecutive quarterly dividends since January 1976.
American Tower today announced that its board of directors has declared its quarterly cash distribution of $1.70 per share on shares of the Company's common stock. The distribution is payable on February 1, 2024 to the stockholders of record at the close of business on December 28, 2023.
The Board of Directors of Xcel Energy today declared a quarterly dividend on its common stock of 52 cents per share. The dividends are payable January 20, 2024, to shareholders of record on December 28, 2023.
Toll Brothers, the nation's leading builder of luxury homes, today announced that its Board of Directors has approved a quarterly cash dividend to shareholders. The dividend of $0.21 per share will be paid on January 26, 2023 to shareholders of record on the close of business on January 12, 2023.
VIDEO: Daily Dividend Report: AEO,CAG,AMT,XEL,TOL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Conagra Brands, today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on February 29, 2024 to stockholders of record as of the close of business on January 30, 2024. The Board of Directors of Xcel Energy today declared a quarterly dividend on its common stock of 52 cents per share. Toll Brothers, the nation's leading builder of luxury homes, today announced that its Board of Directors has approved a quarterly cash dividend to shareholders.
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The Board declared a regular quarterly cash dividend of $0.125 on December 13, 2023, payable on January 19, 2024 to stockholders of record at the close of business on January 5, 2024. Conagra Brands, today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on February 29, 2024 to stockholders of record as of the close of business on January 30, 2024. American Tower today announced that its board of directors has declared its quarterly cash distribution of $1.70 per share on shares of the Company's common stock.
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The Board declared a regular quarterly cash dividend of $0.125 on December 13, 2023, payable on January 19, 2024 to stockholders of record at the close of business on January 5, 2024. Conagra Brands, today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on February 29, 2024 to stockholders of record as of the close of business on January 30, 2024. American Tower today announced that its board of directors has declared its quarterly cash distribution of $1.70 per share on shares of the Company's common stock.
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The Board declared a regular quarterly cash dividend of $0.125 on December 13, 2023, payable on January 19, 2024 to stockholders of record at the close of business on January 5, 2024. Conagra Brands, today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on February 29, 2024 to stockholders of record as of the close of business on January 30, 2024. American Tower today announced that its board of directors has declared its quarterly cash distribution of $1.70 per share on shares of the Company's common stock.
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c1d2809e-5095-4a70-8e3c-8bcd45b847a6
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712642.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Eagle Materials, Devon Energy and Cenovus Energy
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-eagle-materials-devon-energy-and-cenovus-energy
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Eagle Materials Inc (Symbol: EXP), Devon Energy Corp. (Symbol: DVN), and Cenovus Energy Inc (Symbol: CVE) will all trade ex-dividend for their respective upcoming dividends. Eagle Materials Inc will pay its quarterly dividend of $0.25 on 1/12/24, Devon Energy Corp. will pay its quarterly dividend of $0.20 on 12/29/23, and Cenovus Energy Inc will pay its quarterly dividend of $0.14 on 12/29/23. As a percentage of EXP's recent stock price of $188.36, this dividend works out to approximately 0.13%, so look for shares of Eagle Materials Inc to trade 0.13% lower — all else being equal — when EXP shares open for trading on 12/14/23. Similarly, investors should look for DVN to open 0.45% lower in price and for CVE to open 0.87% lower, all else being equal.
Below are dividend history charts for EXP, DVN, and CVE, showing historical dividends prior to the most recent ones declared.
Eagle Materials Inc (Symbol: EXP):
Devon Energy Corp. (Symbol: DVN):
Cenovus Energy Inc (Symbol: CVE):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.53% for Eagle Materials Inc, 1.80% for Devon Energy Corp., and 3.46% for Cenovus Energy Inc.
In Tuesday trading, Eagle Materials Inc shares are currently down about 0.4%, Devon Energy Corp. shares are up about 0.7%, and Cenovus Energy Inc shares are down about 0.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Eastman Chemical YTD Return
OVBC Next Dividend Date
IBMG 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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As a percentage of EXP's recent stock price of $188.36, this dividend works out to approximately 0.13%, so look for shares of Eagle Materials Inc to trade 0.13% lower — all else being equal — when EXP shares open for trading on 12/14/23. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. dividend stocks should be on your radar screen » Also see: Eastman Chemical YTD Return OVBC Next Dividend Date IBMG market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Eagle Materials Inc (Symbol: EXP), Devon Energy Corp. (Symbol: DVN), and Cenovus Energy Inc (Symbol: CVE) will all trade ex-dividend for their respective upcoming dividends. Eagle Materials Inc will pay its quarterly dividend of $0.25 on 1/12/24, Devon Energy Corp. will pay its quarterly dividend of $0.20 on 12/29/23, and Cenovus Energy Inc will pay its quarterly dividend of $0.14 on 12/29/23. Eagle Materials Inc (Symbol: EXP): Devon Energy Corp. (Symbol: DVN): Cenovus Energy Inc (Symbol: CVE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Eagle Materials Inc (Symbol: EXP), Devon Energy Corp. (Symbol: DVN), and Cenovus Energy Inc (Symbol: CVE) will all trade ex-dividend for their respective upcoming dividends. Eagle Materials Inc will pay its quarterly dividend of $0.25 on 1/12/24, Devon Energy Corp. will pay its quarterly dividend of $0.20 on 12/29/23, and Cenovus Energy Inc will pay its quarterly dividend of $0.14 on 12/29/23. Eagle Materials Inc (Symbol: EXP): Devon Energy Corp. (Symbol: DVN): Cenovus Energy Inc (Symbol: CVE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Eagle Materials Inc (Symbol: EXP), Devon Energy Corp. (Symbol: DVN), and Cenovus Energy Inc (Symbol: CVE) will all trade ex-dividend for their respective upcoming dividends. As a percentage of EXP's recent stock price of $188.36, this dividend works out to approximately 0.13%, so look for shares of Eagle Materials Inc to trade 0.13% lower — all else being equal — when EXP shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 0.53% for Eagle Materials Inc, 1.80% for Devon Energy Corp., and 3.46% for Cenovus Energy Inc.
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16fdee6f-8a08-4180-ba69-f5fb77096a7c
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712643.0
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2023-12-12 00:00:00 UTC
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3 Stocks to Buy That Are Up 100% or More in 2023
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-to-buy-that-are-up-100-or-more-in-2023
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The S&P 500 has put together an outstanding year in 2023, up more than 22%, with 11 trading days left until 2024. As a result, there are approximately seven stocks up 100% or more in 2023.
Now, if you broaden the search to include all U.S.-listed stocks with a market capitalization of $2 billion or more, the number of stocks up 100% increases to 75.
Many of these top-performing stocks in 2023 will continue their performance into 2024. However, the probability of more than a handful of these doing so is low. You would think, reading many of the hyperbolic headlines from the investment media, that doubling one’s share price in a year is an easy task. Far from it.
In January 2022, I selected seven stocks that doubled in 2021 and might do it again in 2022. If I remember correctly, a couple came close, but no cigar.
I’m not looking for a repeat for this article, but rather three stocks to buy that doubled this year and should perform well in 2024. There are no promises for a double under the Christmas tree this year.
Abercrombie & Fitch (ANF)
Source: Jonathan Weiss / Shutterstock.com
Abercrombie & Fitch (NYSE:ANF) stock is up 254% in 2023, much better than the 100% minimum required for consideration here.
The omnichannel apparel retailer has five brands: Abercrombie, Abercrombie Kids, Hollister, Gilly Hicks, and Social Tourist. For reporting purposes, the company combines Gilly Hicks and Social Tourist under the Hollister brand and Abercrombie Kids under the Abercrombie brand.
In Q3 2023, Abercrombie accounted for 52% of its $1.06 billion in sales, while Hollister and company contributed the remaining 48%. The entire company’s operating profit in the quarter was $138.02 million, 13.1% of revenue, up from 2.0% in Q3 2022. Its gross profit margin in the third quarter was 64.9%, 570 basis points higher than a year earlier. There aren’t too many retailers with 65% gross margins, including successful ones.
At its June 2022 Investor Day, the company launched the Always Forward Plan, a 3-year strategic outlook for its business. The goals included a 2025 revenue target of $4.1 billion to $4.3 billion, 8%+ operating margins, and a cumulative three-year free cash flow of $600 million.
How’s it doing on those goals? Based on its guidance for 2023, it should hit the revenue and operating margin targets two years early, with the free cash flow target reached in 2024.
It won’t be up 254% in 2024, but a market-beating return isn’t an unreasonable expectation.
Royal Caribbean Group (RCL)
Source: Venturelli Luca / Shutterstock.com
Royal Caribbean Group (NYSE:RCL) is my favorite of the three large cruise operators. Its stock is up 147% in 2023. RCL stock beats Norwegian Cruise Line Holdings (NASDAQ:NCLH) and Carnival (NYSE:CCL). Not surprisingly, it’s the only one of the three up over the past five years siince Covid-19 crushed the trio’s business models.
Why do I like RCL so much?
Well, selfishly, my wife and I married on the Majesty of the Seas, the company’s former 74,000 gross ton cruise ship that was put into service in April 1992 and sold in December 2020 to Greek-based Seajets. It doesn’t appear to still be in service.
However, I always preferred RCL because its former CEO, Richard Fain, served in that capacity for 33 years. The third-longest-serving CEO in the S&P 500, he completely transformed its business. He stepped down in January 2022. CFO Jason Liberty took his spot, with Fain becoming Chairman of the Board. He still serves in that capacity.
Fain took Royal Caribbean public in April 1993 at $18 a share. If you account for the 2-for-1 stock split in 1998, its shares have achieved a compound annual growth rate of 9% over the past 30 years.
Considering the volatility of cruising stocks, that’s an unbelievable return.
TopBuild (BLD)
Source: Ken Wolter / Shutterstock.com
The final name on my list is TopBuild (NYSE:BLD). Its shares are up 105% YTD, the lowest return of the three. However, long-time shareholders get the last laugh. BLD stock is up 628% over the past five years, considerably higher than the other two.
I recommended the insulation distributor and installer in October 2020:
“New homes need insulation. So, even though a shortage is never good, it’s better than the alternative — a surplus. With low rates and an America inclined to be homebodies for the next year or more, like Pool, TopBuild will continue to reap the rewards of a changing housing market.”
Its shares are up 74% in the 38 months since, 3x the performance of the Russell 2000.
Nothing much has changed about the housing market. Sure, interest rates are much higher now, but the shortage of homes hasn’t gone away, hitting 6.5 million homes at the end of 2022.
The company reported Q3 2023 results at the end of October. While there was definite evidence that its business is slowing — sales rose 1.9% to $1.33 billion — it continues to see growth in all three end markets (residential, commercial, and industrial) despite the challenging macro environment.
On the bottom line, its net income was $167.6 million in Q3 2023, 9.0% higher than a year earlier. Further, it continues to increase gross margin and operating margin. In the third quarter, its gross margin was 31.7%, 130 basis points higher, while its operating margin was 17.9%, 80 basis points over Q3 2022.
Free cash flow is good, helping to keep its balance sheet conservatively leveraged. It’s an excellent long-term buy.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post 3 Stocks to Buy That Are Up 100% or More in 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Well, selfishly, my wife and I married on the Majesty of the Seas, the company’s former 74,000 gross ton cruise ship that was put into service in April 1992 and sold in December 2020 to Greek-based Seajets. With low rates and an America inclined to be homebodies for the next year or more, like Pool, TopBuild will continue to reap the rewards of a changing housing market.” Its shares are up 74% in the 38 months since, 3x the performance of the Russell 2000. While there was definite evidence that its business is slowing — sales rose 1.9% to $1.33 billion — it continues to see growth in all three end markets (residential, commercial, and industrial) despite the challenging macro environment.
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Abercrombie & Fitch (ANF) Source: Jonathan Weiss / Shutterstock.com Abercrombie & Fitch (NYSE:ANF) stock is up 254% in 2023, much better than the 100% minimum required for consideration here. The omnichannel apparel retailer has five brands: Abercrombie, Abercrombie Kids, Hollister, Gilly Hicks, and Social Tourist. Royal Caribbean Group (RCL) Source: Venturelli Luca / Shutterstock.com Royal Caribbean Group (NYSE:RCL) is my favorite of the three large cruise operators.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The S&P 500 has put together an outstanding year in 2023, up more than 22%, with 11 trading days left until 2024. Now, if you broaden the search to include all U.S.-listed stocks with a market capitalization of $2 billion or more, the number of stocks up 100% increases to 75. I’m not looking for a repeat for this article, but rather three stocks to buy that doubled this year and should perform well in 2024.
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I’m not looking for a repeat for this article, but rather three stocks to buy that doubled this year and should perform well in 2024. Its stock is up 147% in 2023. However, I always preferred RCL because its former CEO, Richard Fain, served in that capacity for 33 years.
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0005f0c2-3fc4-47f4-b480-80e9aa818cf0
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712644.0
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2023-12-12 00:00:00 UTC
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Steelcase Inc. (SCS) to Report Q3 Earnings: What's in the Offing?
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DCOMP
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https://www.nasdaq.com/articles/steelcase-inc.-scs-to-report-q3-earnings%3A-whats-in-the-offing
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nan
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nan
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Steelcase Inc. SCS is set to report its third-quarter fiscal 2024 results on Dec 20, before the bell. The company posted an earnings surprise of 82.4% in the last reported quarter.
Expectations This Time Around
The consensus estimate for Steelcase’s revenues in the to-be-reported quarter is pegged at $793.1 million, indicating a 4.1% decrease from the year-ago quarter’s reported figure. The top line is expected to have been negatively impacted by lower orders and volumes in the quarter.
The bottom line is expected to have been affected by an increase in operating expenses. The consensus mark for the bottom line stands at 18 cents per share, suggesting a 10% year-over-year decline.
Steelcase Inc. Price and EPS Surprise
Steelcase Inc. price-eps-surprise | Steelcase Inc. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Steelcase this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Steelcase has an Earnings ESP of 0.00% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Earnings Snapshots
The Interpublic Group of Companies, Inc. IPG posted third-quarter 2023 results, wherein both earnings and revenues missed the Zacks Consensus Estimate.
IPG’s adjusted earnings were 70 cents per share, which lagged the consensus estimate by 6.7%. The bottom line, however, climbed 11.1% on a year-over-year basis.
Net revenues of $2.31 billion fell short of the consensus estimate by 3.3%. In the year-ago quarter, IPG’s net revenues were $2.3 billion. Total revenues of $2.68 billion increased 1.5% year over year.
Equifax Inc. EFX reported lower-than-expected third-quarter 2023 results. Adjusted earnings (excluding 45 cents from non-recurring items) were $1.76 per share, which missed the Zacks Consensus Estimate by 1.1%. Yet, the metric rose 1.7% from the year-ago figure.
EFX’s total revenues of $1.32 billion missed the consensus estimate by 0.7%. Nonetheless, the figure gained 6% from the year-ago figure on a reported basis and 6.5% on a local-currency basis.
Fiserv, Inc. FI reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Adjusted earnings per share of $1.96 exceeded the consensus mark by 1% and increased 20% year over year. Adjusted revenues of $4.62 billion surpassed the consensus estimate by 0.53% and jumped 8.2% year over year.
FI’s organic revenue growth was 12% in the quarter. This was driven by 20% and 6% growth in the Acceptance and Payments segments, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report
Equifax, Inc. (EFX) : Free Stock Analysis Report
Steelcase Inc. (SCS) : Free Stock Analysis Report
Fiserv, Inc. (FI) : 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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Adjusted earnings (excluding 45 cents from non-recurring items) were $1.76 per share, which missed the Zacks Consensus Estimate by 1.1%. Fiserv, Inc. FI reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. 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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Recent Earnings Snapshots The Interpublic Group of Companies, Inc. IPG posted third-quarter 2023 results, wherein both earnings and revenues missed the Zacks Consensus Estimate. Fiserv, Inc. FI reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report Steelcase Inc. (SCS) : Free Stock Analysis Report Fiserv, Inc. (FI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Expectations This Time Around The consensus estimate for Steelcase’s revenues in the to-be-reported quarter is pegged at $793.1 million, indicating a 4.1% decrease from the year-ago quarter’s reported figure. Recent Earnings Snapshots The Interpublic Group of Companies, Inc. IPG posted third-quarter 2023 results, wherein both earnings and revenues missed the Zacks Consensus Estimate. Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report Equifax, Inc. (EFX) : Free Stock Analysis Report Steelcase Inc. (SCS) : Free Stock Analysis Report Fiserv, Inc. (FI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Expectations This Time Around The consensus estimate for Steelcase’s revenues in the to-be-reported quarter is pegged at $793.1 million, indicating a 4.1% decrease from the year-ago quarter’s reported figure. Steelcase has an Earnings ESP of 0.00% and a Zacks Rank #3. Recent Earnings Snapshots The Interpublic Group of Companies, Inc. IPG posted third-quarter 2023 results, wherein both earnings and revenues missed the Zacks Consensus Estimate.
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054a18a9-6f9e-4751-a5c3-8fe3ac521873
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712645.0
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2023-12-12 00:00:00 UTC
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3 Reasons Growth Investors Will Love Halozyme Therapeutics (HALO)
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DCOMP
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https://www.nasdaq.com/articles/3-reasons-growth-investors-will-love-halozyme-therapeutics-halo
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nan
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends Halozyme Therapeutics (HALO) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this biopharmaceutical company a great growth pick right now.
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Halozyme Therapeutics is 65.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 23.8% this year, crushing the industry average, which calls for EPS growth of 16.3%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Halozyme Therapeutics is 24.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of 8.8%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 39.4% over the past 3-5 years versus the industry average of 1.6%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Halozyme Therapeutics. The Zacks Consensus Estimate for the current year has surged 0.7% over the past month.
Bottom Line
Halozyme Therapeutics has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Halozyme Therapeutics well for outperformance, so growth investors may want to bet on it.
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
Halozyme Therapeutics, Inc. (HALO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's annualized cash flow growth rate has been 39.4% over the past 3-5 years versus the industry average of 1.6%. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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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However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Click to get this free report Halozyme Therapeutics, Inc. (HALO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
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Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. The company's annualized cash flow growth rate has been 39.4% over the past 3-5 years versus the industry average of 1.6%. Bottom Line Halozyme Therapeutics has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
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398caf58-fe6b-45de-94b8-c3a69dbe16dd
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712646.0
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2023-12-12 00:00:00 UTC
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3 Reasons Why Growth Investors Shouldn't Overlook Ingredion (INGR)
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DCOMP
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https://www.nasdaq.com/articles/3-reasons-why-growth-investors-shouldnt-overlook-ingredion-ingr
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nan
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Ingredion (INGR) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this food sweetener, starch and nutritional ingredient company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Ingredion is 5.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 24.6% this year, crushing the industry average, which calls for EPS growth of 7%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, Ingredion has an S/TA ratio of 1.08, which means that the company gets $1.08 in sales for each dollar in assets. Comparing this to the industry average of 0.94, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And Ingredion is well positioned from a sales growth perspective too. The company's sales are expected to grow 5% this year versus the industry average of 0.2%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Ingredion have been revising upward. The Zacks Consensus Estimate for the current year has surged 1.1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Ingredion a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Ingredion well for outperformance, so growth investors may want to bet on it.
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
Ingredion Incorporated (INGR) : 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 that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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Impressive Asset Utilization Ratio Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. Bottom Line While the overall earnings estimate revisions have made Ingredion a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
|
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this food sweetener, starch and nutritional ingredient company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
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The company's sales are expected to grow 5% this year versus the industry average of 0.2%. Promising Earnings Estimate Revisions Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. This combination positions Ingredion well for outperformance, so growth investors may want to bet on it.
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22ea6920-40a4-4558-b32a-bf8ddf79e8cc
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712647.0
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2023-12-12 00:00:00 UTC
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3 Reasons Growth Investors Will Love Cemig (CIG)
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DCOMP
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https://www.nasdaq.com/articles/3-reasons-growth-investors-will-love-cemig-cig
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nan
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nan
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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Cemig (CIG) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this utility is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Cemig is 13.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 25% this year, crushing the industry average, which calls for EPS growth of 6%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Cemig is 14.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of 4.1%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 12% over the past 3-5 years versus the industry average of 6.5%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Cemig have been revising upward. The Zacks Consensus Estimate for the current year has surged 2.3% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Cemig a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Cemig is a potential outperformer and a solid choice for growth investors.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's annualized cash flow growth rate has been 12% over the past 3-5 years versus the industry average of 6.5%. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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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However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Bottom Line While the overall earnings estimate revisions have made Cemig a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this utility is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. Bottom Line While the overall earnings estimate revisions have made Cemig a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
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The company's annualized cash flow growth rate has been 12% over the past 3-5 years versus the industry average of 6.5%. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Bottom Line While the overall earnings estimate revisions have made Cemig a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
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997d0929-6664-43f2-b991-7847a7b89fee
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712648.0
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2023-12-12 00:00:00 UTC
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US natgas little changed as higher demand forecast counters record output
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DCOMP
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https://www.nasdaq.com/articles/us-natgas-little-changed-as-higher-demand-forecast-counters-record-output
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nan
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nan
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Adds details from weekly storage report, analyst comments
Dec 14 (Reuters) - U.S. natural gas futures held nearly steady on Thursday as rising output offset support from raised demand forecasts for this week.
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange were up 1.2 cents, or 0.5%, to $2.35 per million British thermal units (mmBtu) at 12:45 p.m. EST (1745 GMT).
"Weather was sort of mixed, which is helping the market that was oversold ... There was no shock as the storage report came within expectations," said Gary Cunningham, director of market research at Tradition Energy.
The U.S. Energy Information Administration (EIA), meanwhile, said utilities pulled 55 billion cubic feet (bcf) of gas from storage during the week ended Dec. 8.
That was almost in line with the 54-bcf decline analysts forecast in a Reuters poll and compared with a withdrawal of 46 bcf during the same week a year ago and a five-year (2018-2022) average decrease of 81 bcf for this time of year. EIA/GAS
Despite the small price gain, with production at record levels, milder weather and ample amounts of gas in storage, the futures market has been sending bearish signals for weeks that futures prices for this winter (November-March) had likely already peaked in November. The contract was down more than 21% for November and hit a six-month low on Wednesday.
"We will repeat a view that mild temperature trends will be contributing to a significant increase in the storage surplus back to as much as 330-340 bcf by month's end," analysts at energy advisory Ritterbusch and Associates said in a note.
LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. Next week's forecasts were higher than LSEG's outlook on Wednesday.
LSEG said average gas output in the Lower 48 U.S. states has risen to 108.4 bcfd so far in December from a record 108.3 bcfd in November.
Thomas Saal, senior vice president for energy at StoneX Financial, said "the market will remain sluggish if weather remains above normal over most of the country. If forecasts change and it gets colder, then prices will firm and maybe back up to $3."
Some analysts have reduced their U.S. demand forecasts after Exxon Mobil XOM.N delayed the start of first LNG production at its 2.3-billion-cubic-feet-per-day (bcfd) Golden Pass export plant under construction in Texas to the first half of 2025 from the second half of 2024.
The U.S. is on track to become the world's biggest LNG supplier in 2023, ahead of recent leaders Australia and Qatar. Much higher global prices have fed demand for U.S. exports due in part to supply disruptions and sanctions linked to the war in Ukraine.
Gas was trading around $11 per mmBtu at the Dutch Title Transfer Facility (TTF) benchmark in Europe TRNLTTFMc1 and $15 at the Japan Korea Marker (JKM) in Asia JKMc1. NG/EU
Week ended Dec 8
Actual
Week ended Dec 1 Actual
Year ago Dec 8
Five-year average
Dec 8
U.S. weekly natgas storage change (bcf):
-55
-117
-46
-81
U.S. total natgas in storage (bcf):
3,664
3,719
3,419
3,404
U.S. total storage versus 5-year average
7.6%
6.7%
Global Gas Benchmark Futures ($ per mmBtu)
Current Day
Prior Day
This Month Last Year
Prior Year Average 2022
Five Year Average (2017-2021)
Henry Hub NGc1
2.34
2.30
5.77
6.54
2.89
Title Transfer Facility (TTF) TRNLTTFMc1
11.29
11.22
36.68
40.50
7.49
Japan Korea Marker (JKM) JKMc1
15.45
15.62
32.34
34.11
8.95
LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days
Two-Week Total Forecast
Current Day
Prior Day
Prior Year
10-Year Norm
30-Year Norm
U.S. GFS HDDs
329.6
320
338
354
366
U.S. GFS CDDs
1.2
1
12
6
5
U.S. GFS TDDs
330.8
321
350
360
371
LSEG U.S. Weekly GFS Supply and Demand Forecasts
Prior Week
Current Week
Next Week
This Week Last Year
Five-Year (2018-2022) Average For Month
U.S. Supply (bcfd)
U.S. Lower 48 Dry Production
108.1
108.8
108.8
102.8
94.2
U.S. Imports from Canada8
8.8
8.6
8.9
10.0
9.1
U.S. LNG Imports
0.0
0.0
0.0
0.0
0.2
Total U.S. Supply
116.9
117.5
117.7
112.8
103.5
U.S. Demand (bcfd)
U.S. Exports to Canada
3.3
3.4
3.4
3.4
3.2
U.S. Exports to Mexico
3.9
3.8
4.8
5.2
5.0
U.S. LNG Exports
14.5
14.7
14.1
12.6
8.6
U.S. Commercial
13.2
13.9
13.7
15.4
14.6
U.S. Residential
20.9
22.3
21.9
25.8
24.7
U.S. Power Plant
33.2
34.3
34.7
30.4
28.6
U.S. Industrial
24.3
24.7
24.7
24.7
25.0
U.S. Plant Fuel
5.3
5.4
5.4
5.3
5.3
U.S. Pipe Distribution
2.7
2.8
2.7
2.7
2.9
U.S. Vehicle Fuel
0.1
0.1
0.1
0.1
0.1
Total U.S. Consumption
99.8
103.4
103.2
104.4
101.2
Total U.S. Demand
121.4
125.2
125.4
125.6
118.0
U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam
Current Day % of Normal Forecast
Prior Day % of Normal Forecast
2023
% of Normal Actual
2022 % of Normal Actual
2021 % of Normal Actual
Apr-Sep
83
82
83
107
81
Jan-Jul
81
82
77
102
79
Oct-Sep
82
83
76
103
81
U.S. weekly power generation percent by fuel - EIA
Week ended Dec 15
Week ended Dec 8
Week ended Dec 1
Week ended Nov 24
Week ended Nov 17
Wind
12
12
10
11
9
Solar
3
3
3
3
3
Hydro
6
5
6
6
6
Other
2
2
2
2
2
Petroleum
0
Natural Gas
40
40
42
39
42
Coal
17
17
17
16
17
Nuclear
20
21
20
22
21
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
Hub
Current Day
Prior Day
Henry Hub NG-W-HH-SNL
2.33
2.37
Transco Z6 New York NG-CG-NY-SNL
2.04
2.10
PG&E Citygate NG-CG-PGE-SNL
4.22
4.04
Eastern Gas (old Dominion South) NG-PCN-APP-SNL
1.74
1.86
Chicago Citygate NG-CG-CH-SNL
2.02
2.16
Algonquin Citygate NG-CG-BS-SNL
3.20
4.00
SoCal Citygate NG-SCL-CGT-SNL
4.25
4.15
Waha Hub NG-WAH-WTX-SNL
1.85
2.00
AECO NG-ASH-ALB-SNL
1.66
1.22
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
Hub
Current Day
Prior Day
New England EL-PK-NPMS-SNL
35.50
38.25
PJM West EL-PK-PJMW-SNL
38.25
39.50
Ercot North EL-PK-ERTN-SNL
23.50
21.00
Mid C EL-PK-MIDC-SNL
62.13
59.08
Palo Verde EL-PK-PLVD-SNL
56.25
43.25
SP-15 EL-PK-SP15-SNL
54.50
49.00
(Reporting by Anjana Anil, Ashitha Shivaprasad and Daksh Grover in Bengaluru; Editing by Paul Simao)
((Anjana.Anil@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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Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange were up 1.2 cents, or 0.5%, to $2.35 per million British thermal units (mmBtu) at 12:45 p.m. EST (1745 GMT). "We will repeat a view that mild temperature trends will be contributing to a significant increase in the storage surplus back to as much as 330-340 bcf by month's end," analysts at energy advisory Ritterbusch and Associates said in a note. Gas was trading around $11 per mmBtu at the Dutch Title Transfer Facility (TTF) benchmark in Europe TRNLTTFMc1 and $15 at the Japan Korea Marker (JKM) in Asia JKMc1.
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LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. NG/EU Week ended Dec 8 Actual Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -55 -117 -46 -81 U.S. total natgas in storage (bcf): 3,664 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.6% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.34 2.30 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.29 11.22 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.45 15.62 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 329.6 320 338 354 366 U.S. GFS CDDs 1.2 1 12 6 5 U.S. GFS TDDs 330.8 321 350 360 371 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 108.8 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.8 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.7 14.1 12.6 8.6 U.S. Commercial 13.2 13.9 13.7 15.4 14.6 U.S. Consumption 99.8 103.4 103.2 104.4 101.2 Total U.S. Demand 121.4 125.2 125.4 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 83 82 83 107 81 Jan-Jul 81 82 77 102 79 Oct-Sep 82 83 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 12 12 10 11 9 Solar 3 3 3 3 3 Hydro 6 5 6 6 6 Other 2 2 2 2 2 Petroleum 0 Natural Gas 40 40 42 39 42 Coal 17 17 17 16 17 Nuclear 20 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.33 2.37 Transco Z6 New York NG-CG-NY-SNL 2.04 2.10 PG&E Citygate NG-CG-PGE-SNL 4.22 4.04 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.74 1.86 Chicago Citygate NG-CG-CH-SNL 2.02 2.16 Algonquin Citygate NG-CG-BS-SNL 3.20 4.00 SoCal Citygate NG-SCL-CGT-SNL 4.25 4.15 Waha Hub NG-WAH-WTX-SNL 1.85 2.00
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LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. NG/EU Week ended Dec 8 Actual Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -55 -117 -46 -81 U.S. total natgas in storage (bcf): 3,664 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.6% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.34 2.30 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.29 11.22 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.45 15.62 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 329.6 320 338 354 366 U.S. GFS CDDs 1.2 1 12 6 5 U.S. GFS TDDs 330.8 321 350 360 371 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 108.8 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.8 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.7 14.1 12.6 8.6 U.S. Commercial 13.2 13.9 13.7 15.4 14.6 U.S. Consumption 99.8 103.4 103.2 104.4 101.2 Total U.S. Demand 121.4 125.2 125.4 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 83 82 83 107 81 Jan-Jul 81 82 77 102 79 Oct-Sep 82 83 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 12 12 10 11 9 Solar 3 3 3 3 3 Hydro 6 5 6 6 6 Other 2 2 2 2 2 Petroleum 0 Natural Gas 40 40 42 39 42 Coal 17 17 17 16 17 Nuclear 20 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.33 2.37 Transco Z6 New York NG-CG-NY-SNL 2.04 2.10 PG&E Citygate NG-CG-PGE-SNL 4.22 4.04 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.74 1.86 Chicago Citygate NG-CG-CH-SNL 2.02 2.16 Algonquin Citygate NG-CG-BS-SNL 3.20 4.00 SoCal Citygate NG-SCL-CGT-SNL 4.25 4.15 Waha Hub NG-WAH-WTX-SNL 1.85 2.00
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LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. Next week's forecasts were higher than LSEG's outlook on Wednesday. NG/EU Week ended Dec 8 Actual Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -55 -117 -46 -81 U.S. total natgas in storage (bcf): 3,664 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.6% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.34 2.30 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.29 11.22 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.45 15.62 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 329.6 320 338 354 366 U.S. GFS CDDs 1.2 1 12 6 5 U.S. GFS TDDs 330.8 321 350 360 371 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 108.8 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.8 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.7 14.1 12.6 8.6 U.S. Commercial 13.2 13.9 13.7 15.4 14.6 U.S.
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aa402cff-148e-4c02-889f-df01a85d318f
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712649.0
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2023-12-12 00:00:00 UTC
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Wyndham franchisees question possible Choice merger, association says
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DCOMP
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https://www.nasdaq.com/articles/wyndham-franchisees-question-possible-choice-merger-association-says
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nan
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nan
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By Doyinsola Oladipo
NEW YORK, Dec 14 (Reuters) - A major U.S. hotel owners association said its Wyndham Hotels & Resorts WH.N franchisee members are worried an acquisition by budget operator Choice Hotels International CHH.N could hurt their business.
Choice on Tuesday launched a hostile bid for Wyndham to bring Wyndham to the negotiating table. The deal, initially valued at $7.8 billion, would combine two of the biggest U.S. budget operators at a time when demand for cheaper extended stay brands is growing rapidly.
Wyndham owners have several worries, said Laura Lee Blake, chief executive of the Asian American Hotel Owners Association (AAHOA) which represents nearly 20,000 members who own about 60% of the hotels in the United States.
The AAHOA surveyed 1,000 of its members to gauge sentiment on the potential merger. About 80% of Wyndham franchisee respondents said a tie-up would hurt their business and about 60% said they would terminate their contract in the event of a merger if they had the option.
Wyndham did not respond to a request for comment.
Blake said many AAHOA members saw revenue fall after previous mergers, including the 2018 combination of Wyndham and La Quinta and Choice's acquisition of Radisson Hotels Americas in 2022. Members are also worried about increased fees and brand dilution, she said.
"When you sign a 20-year franchise agreement, you are anticipating that you're going to be with this brand for the next 20 years and if you're unhappy with the brand or a merger like this occurs, you cannot just change your mind," Blake said.
A combined company would have 16,500 hotels across 46 brands, many operating economy hotels within the limited service segment, she said.
Historically, about 5% of franchisee owners leave a brand after a merger or acquisition, said Patrick Scholes, Truist equity analyst. The survey is "probably reflective of Wyndham's management being really aggressive to get the word out there that they don't see it as a good deal."
Choice said the merger will reduce costs and boost revenues for franchisees. It said it plans to address franchisee concerns including decreasing reliance on online travel agencies for bookings and lowering operating costs.
"Our discussions with a number of our franchisee advisory councils have shown that franchisees are eager for the upside the combination would bring," said a Choice spokesperson.
Roughly 70 million to 80 million Americans are economy travelers. Recently, giants Hilton and Marriott have introduced economy offerings.
Eight of the first 20 Hilton economy hotels, named Spark, converted from a Choice brand, said Richard Clarke, Bernstein equity analyst. That may be adding pressure to Choice to make a deal, he said.
(Reporting by Doyinsola Oladipo in New York; Editing by Josie Kao)
((Doyinsola.Oladipo@thomsonreuters.com; +18623846440; https://www.linkedin.com/in/doyinsolaoladipo/;))
The views and 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 deal, initially valued at $7.8 billion, would combine two of the biggest U.S. budget operators at a time when demand for cheaper extended stay brands is growing rapidly. Blake said many AAHOA members saw revenue fall after previous mergers, including the 2018 combination of Wyndham and La Quinta and Choice's acquisition of Radisson Hotels Americas in 2022. It said it plans to address franchisee concerns including decreasing reliance on online travel agencies for bookings and lowering operating costs.
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By Doyinsola Oladipo NEW YORK, Dec 14 (Reuters) - A major U.S. hotel owners association said its Wyndham Hotels & Resorts WH.N franchisee members are worried an acquisition by budget operator Choice Hotels International CHH.N could hurt their business. Wyndham owners have several worries, said Laura Lee Blake, chief executive of the Asian American Hotel Owners Association (AAHOA) which represents nearly 20,000 members who own about 60% of the hotels in the United States. Blake said many AAHOA members saw revenue fall after previous mergers, including the 2018 combination of Wyndham and La Quinta and Choice's acquisition of Radisson Hotels Americas in 2022.
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By Doyinsola Oladipo NEW YORK, Dec 14 (Reuters) - A major U.S. hotel owners association said its Wyndham Hotels & Resorts WH.N franchisee members are worried an acquisition by budget operator Choice Hotels International CHH.N could hurt their business. Wyndham owners have several worries, said Laura Lee Blake, chief executive of the Asian American Hotel Owners Association (AAHOA) which represents nearly 20,000 members who own about 60% of the hotels in the United States. Blake said many AAHOA members saw revenue fall after previous mergers, including the 2018 combination of Wyndham and La Quinta and Choice's acquisition of Radisson Hotels Americas in 2022.
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By Doyinsola Oladipo NEW YORK, Dec 14 (Reuters) - A major U.S. hotel owners association said its Wyndham Hotels & Resorts WH.N franchisee members are worried an acquisition by budget operator Choice Hotels International CHH.N could hurt their business. Blake said many AAHOA members saw revenue fall after previous mergers, including the 2018 combination of Wyndham and La Quinta and Choice's acquisition of Radisson Hotels Americas in 2022. A combined company would have 16,500 hotels across 46 brands, many operating economy hotels within the limited service segment, she said.
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b5d0ba32-beee-46ba-a860-ed74c4f7f942
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712650.0
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2023-12-12 00:00:00 UTC
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Pfizer Receives All Required Regulatory Approvals To Complete Seagen Acquisition
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DCOMP
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https://www.nasdaq.com/articles/pfizer-receives-all-required-regulatory-approvals-to-complete-seagen-acquisition
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(RTTNews) - Pfizer Inc. (PFE) announced Tuesday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired December 11, 2023, with respect to Pfizer's pending acquisition of Seagen Inc. (SGEN).
Pfizer and Seagen have now received all required regulatory approvals to complete the acquisition. Pfizer expects to close the acquisition of Seagen on December 14, 2023, subject to the satisfaction of other customary closing conditions.
Pfizer also announces changes in its commercial organization to incorporate Seagen and improve focus, speed and quality of execution. The new organization structure will go into effect January 1, 2024.
The views and 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) - Pfizer Inc. (PFE) announced Tuesday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired December 11, 2023, with respect to Pfizer's pending acquisition of Seagen Inc. (SGEN). Pfizer and Seagen have now received all required regulatory approvals to complete the acquisition. Pfizer also announces changes in its commercial organization to incorporate Seagen and improve focus, speed and quality of execution.
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(RTTNews) - Pfizer Inc. (PFE) announced Tuesday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired December 11, 2023, with respect to Pfizer's pending acquisition of Seagen Inc. (SGEN). Pfizer expects to close the acquisition of Seagen on December 14, 2023, subject to the satisfaction of other customary closing conditions. Pfizer also announces changes in its commercial organization to incorporate Seagen and improve focus, speed and quality of execution.
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(RTTNews) - Pfizer Inc. (PFE) announced Tuesday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired December 11, 2023, with respect to Pfizer's pending acquisition of Seagen Inc. (SGEN). Pfizer expects to close the acquisition of Seagen on December 14, 2023, subject to the satisfaction of other customary closing conditions. Pfizer also announces changes in its commercial organization to incorporate Seagen and improve focus, speed and quality of execution.
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(RTTNews) - Pfizer Inc. (PFE) announced Tuesday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired December 11, 2023, with respect to Pfizer's pending acquisition of Seagen Inc. (SGEN). Pfizer and Seagen have now received all required regulatory approvals to complete the acquisition. Pfizer expects to close the acquisition of Seagen on December 14, 2023, subject to the satisfaction of other customary closing conditions.
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00b65175-d478-41fb-bd29-7fc33f573fec
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712651.0
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2023-12-12 00:00:00 UTC
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Why Tesla's Cheap (2024 Outlook)
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https://www.nasdaq.com/articles/why-teslas-cheap-2024-outlook
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An Up and Down Year for Tesla
Tesla (TSLA) is the undisputed market leader in battery-powered electric car sales in the United States, enjoying roughly a 70% market share. Over the years, Tesla has shifted from developing niche products for affluent buyers to more affordable EVs for the masses. The firm’s three-pronged business model approach of direct sales, servicing, and charging sets it apart from other carmakers. Year-to-date, shares are higher by 128%. However, investor concerns are mounting, including:
· Valuation: The EV king’s market capitalization is more than the combined value of legacy automakers, including Toyota (TM), Volkswagen (VWAGY), Daimler, General Motors (GM), and Ford (F).
· Underperformance: Though Tesla has more than doubled this year, it has underperformed the market and “Magnificent 7” recently.
· Recall: This week, news broke that Tesla must recall more than 2 million vehicles.
Below, I will debunk the most common investor concerns and lay out my bull case for the stock:
Don’t Judge a Book By its Cover: Tesla Valuation is Cheap
The price-to-book ratio (P/B ratio) is a financial metric that compares a company's market value (its stock price) to its book value (the net value of its assets minus liabilities). P/B is calculated by dividing the market price per share by the book value per share. A low P/B ratio may suggest that a stock is undervalued, while a high ratio may indicate overvaluation. Investors use this ratio to assess a company's relative worth in the market compared to its accounting value. Tesla currently has a book value of 14.03. Compare that to another mainstream stock like Apple (AAPL), whose book value is 49.54, and Tesla suddenly looks cheap.
Image Source: Zacks Investment Research
Furthermore, it is essential to remember that Wall Street is a discounting device. Over the past twelve years, Tesla has achieved a stunning compound annual growth rate (CAGR) of 72%, earning its premium above slower-growing legacy automakers.
Rallying on Negative Recall News
Earlier this week, Tesla was forced to recall over two million vehicles over autopilot safety concerns. As I always like to remind investors, the reaction to negative news supersedes the news itself. In the case of TSLA, the stock shook off the bad news and is green for the week.
Technical “Shakeout” and Price Rotation Higher
Savvy investors understand that price movement is the ultimate arbiter of decisions, because after all, price is the only thing that pays. TSLA shares sliced below the 50-day moving average on the recall news and then ripped higher. Such price action indicates a shakeout, where weak hands get stopped out of their positions, clearing the way for the next move higher. Now, TSLA is triggering a bullish swing trade signal by clearing last week’s highs.
Image Source: TradingView
Cybertruck Hype is Real
Many Tesla bears suggest that the hype around Tesla’s Cybertruck is unfounded. However, Google Trends data suggests the opposite is true. As Tesla investor and enthusiast Sawyer Merritt points out, “Tesla has surpassed Ford to become the most searched auto brand in the US. Tesla’s gone from not making the rankings at all in 2022 to second place in 2023, with 29 of 155 countries listing Tesla as their #1 car brand in Google Trends.”
Image Source: Sawyer Merritt/Google Trends
Competition is Not a Threat
Thus far, all of the fully-EV focused automakers like Rivian (RIVN) have yet to achieve a quarterly profit. As Elon Musk points out, it’s one thing to create a prototype and a whole other thing to manufacture at scale. Meanwhile, Ford, the only other profitable EV maker in the US, announced that it would cut F-150 Lightning production in half next year. (the Lightning is seen by the market as the biggest threat to the Cybertruck)
China Sales Growing Despite Weak Economy
Despite a floundering Chinese economy, recent registration numbers suggest that Tesla is on pace to break its quarterly record for deliveries in China (156.7k).
Image Source: @piloly
Exponential EV Growth is on the Horizon
A recent study suggeststhat by 2030, two-thirds of all global car sales will be EVs.
Bottom Line
Investors using traditional valuation metrics to value Tesla are likely to be wrong. Tesla’s price-to-book ratio reveals an undervalued position compared to other mainstream stocks. Meanwhile, the Cybertruck’s rising popularity and Tesla’s sustained growth in China further underscore its market strength. As the automotive landscape continues to evolve towards electric vehicles, Tesla’s innovative approach and global expansion prospects make it a must-own.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
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Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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Ford Motor Company (F) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Toyota Motor Corporation (TM) : Free Stock Analysis Report
General Motors Company (GM) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Volkswagen AG Unsponsored ADR (VWAGY) : Free Stock Analysis Report
Rivian Automotive, Inc. (RIVN) : 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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Over the past twelve years, Tesla has achieved a stunning compound annual growth rate (CAGR) of 72%, earning its premium above slower-growing legacy automakers. As the automotive landscape continues to evolve towards electric vehicles, Tesla’s innovative approach and global expansion prospects make it a must-own. 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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However, investor concerns are mounting, including: · Valuation: The EV king’s market capitalization is more than the combined value of legacy automakers, including Toyota (TM), Volkswagen (VWAGY), Daimler, General Motors (GM), and Ford (F). Below, I will debunk the most common investor concerns and lay out my bull case for the stock: Don’t Judge a Book By its Cover: Tesla Valuation is Cheap The price-to-book ratio (P/B ratio) is a financial metric that compares a company's market value (its stock price) to its book value (the net value of its assets minus liabilities). Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Toyota Motor Corporation (TM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Volkswagen AG Unsponsored ADR (VWAGY) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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An Up and Down Year for Tesla Tesla (TSLA) is the undisputed market leader in battery-powered electric car sales in the United States, enjoying roughly a 70% market share. Below, I will debunk the most common investor concerns and lay out my bull case for the stock: Don’t Judge a Book By its Cover: Tesla Valuation is Cheap The price-to-book ratio (P/B ratio) is a financial metric that compares a company's market value (its stock price) to its book value (the net value of its assets minus liabilities). Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Toyota Motor Corporation (TM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Volkswagen AG Unsponsored ADR (VWAGY) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Below, I will debunk the most common investor concerns and lay out my bull case for the stock: Don’t Judge a Book By its Cover: Tesla Valuation is Cheap The price-to-book ratio (P/B ratio) is a financial metric that compares a company's market value (its stock price) to its book value (the net value of its assets minus liabilities). TSLA shares sliced below the 50-day moving average on the recall news and then ripped higher. Tesla’s price-to-book ratio reveals an undervalued position compared to other mainstream stocks.
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0ffec6d6-166a-4028-90f9-82d36dead45f
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712652.0
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2023-12-12 00:00:00 UTC
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C4 Therapeutics, Merck Join To Develop Degrader-Antibody Conjugates
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DCOMP
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https://www.nasdaq.com/articles/c4-therapeutics-merck-join-to-develop-degrader-antibody-conjugates
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(RTTNews) - C4 Therapeutics, Inc. (CCCC) has entered into an exclusive license and collaboration agreement with Merck to develop degrader-antibody conjugates, an emerging modality designed to selectively target and neutralize disease-causing proteins in cancer cells. C4T will be responsible for using its TORPEDO platform to develop degrader payloads in the discovery phase. Merck will be responsible for antibody conjugation to create DACs in the discovery phase and for advancing these DAC candidates through preclinical and clinical development as well as commercialization.
C4T will receive a $10 million upfront payment. C4T and Merck will collaborate to develop Degrader-Antibody Conjugates directed to an initial undisclosed oncology target. For Degrader-Antibody Conjugates directed to this initial target, C4T is eligible to receive milestone payments totaling approximately $600 million, as well as tiered royalties on future sales.
The agreement also provides Merck with the option to extend the collaboration to include three additional targets.
For More Such Health News, visit rttnews.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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(RTTNews) - C4 Therapeutics, Inc. (CCCC) has entered into an exclusive license and collaboration agreement with Merck to develop degrader-antibody conjugates, an emerging modality designed to selectively target and neutralize disease-causing proteins in cancer cells. C4T and Merck will collaborate to develop Degrader-Antibody Conjugates directed to an initial undisclosed oncology target. For Degrader-Antibody Conjugates directed to this initial target, C4T is eligible to receive milestone payments totaling approximately $600 million, as well as tiered royalties on future sales.
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(RTTNews) - C4 Therapeutics, Inc. (CCCC) has entered into an exclusive license and collaboration agreement with Merck to develop degrader-antibody conjugates, an emerging modality designed to selectively target and neutralize disease-causing proteins in cancer cells. C4T and Merck will collaborate to develop Degrader-Antibody Conjugates directed to an initial undisclosed oncology target. For Degrader-Antibody Conjugates directed to this initial target, C4T is eligible to receive milestone payments totaling approximately $600 million, as well as tiered royalties on future sales.
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(RTTNews) - C4 Therapeutics, Inc. (CCCC) has entered into an exclusive license and collaboration agreement with Merck to develop degrader-antibody conjugates, an emerging modality designed to selectively target and neutralize disease-causing proteins in cancer cells. C4T and Merck will collaborate to develop Degrader-Antibody Conjugates directed to an initial undisclosed oncology target. For Degrader-Antibody Conjugates directed to this initial target, C4T is eligible to receive milestone payments totaling approximately $600 million, as well as tiered royalties on future sales.
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C4T will be responsible for using its TORPEDO platform to develop degrader payloads in the discovery phase. C4T and Merck will collaborate to develop Degrader-Antibody Conjugates directed to an initial undisclosed oncology target. For Degrader-Antibody Conjugates directed to this initial target, C4T is eligible to receive milestone payments totaling approximately $600 million, as well as tiered royalties on future sales.
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d4a2d2db-f7da-47c6-ad10-c07fb2bdae0a
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712653.0
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2023-12-12 00:00:00 UTC
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Pfizer gets OK for $43-bln Seagen deal after donating cancer drug rights
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DCOMP
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https://www.nasdaq.com/articles/pfizer-gets-ok-for-%2443-bln-seagen-deal-after-donating-cancer-drug-rights
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Adds deal details and background throughout
Dec 12 (Reuters) - Pfizer PFE.N said on Tuesday it has agreed to donate the rights of royalties from sales of cancer drug Bavencio to address concerns from U.S. antitrust regulators related to its $43-billion deal to buy Seagen SGEN.O.
Pfizer said it had now received all regulatory approvals to close the deal on Thursday.
The drugmaker in March agreed to buy Seagen and its targeted cancer therapies as it braces for a steep fall in COVID-related sales and generic competition for some top-selling drugs.
However, the U.S. Federal Trade Commission sent a request for more information on the deal to the companies in July.
Washington-based Seagen is a pioneer of antibody-drug conjugates, which work like "guided missiles" designed to destroy cancer while sparing healthy cells.
(Reporting by Manas Mishra in Bengaluru; Editing by Shounak Dasgupta)
((Manas.Mishra@thomsonreuters.com; www.twitter.com/Manaswrites15))
The views and 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 deal details and background throughout Dec 12 (Reuters) - Pfizer PFE.N said on Tuesday it has agreed to donate the rights of royalties from sales of cancer drug Bavencio to address concerns from U.S. antitrust regulators related to its $43-billion deal to buy Seagen SGEN.O. The drugmaker in March agreed to buy Seagen and its targeted cancer therapies as it braces for a steep fall in COVID-related sales and generic competition for some top-selling drugs. Washington-based Seagen is a pioneer of antibody-drug conjugates, which work like "guided missiles" designed to destroy cancer while sparing healthy cells.
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Adds deal details and background throughout Dec 12 (Reuters) - Pfizer PFE.N said on Tuesday it has agreed to donate the rights of royalties from sales of cancer drug Bavencio to address concerns from U.S. antitrust regulators related to its $43-billion deal to buy Seagen SGEN.O. The drugmaker in March agreed to buy Seagen and its targeted cancer therapies as it braces for a steep fall in COVID-related sales and generic competition for some top-selling drugs. (Reporting by Manas Mishra in Bengaluru; Editing by Shounak Dasgupta) ((Manas.Mishra@thomsonreuters.com; www.twitter.com/Manaswrites15)) The views and 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 deal details and background throughout Dec 12 (Reuters) - Pfizer PFE.N said on Tuesday it has agreed to donate the rights of royalties from sales of cancer drug Bavencio to address concerns from U.S. antitrust regulators related to its $43-billion deal to buy Seagen SGEN.O. The drugmaker in March agreed to buy Seagen and its targeted cancer therapies as it braces for a steep fall in COVID-related sales and generic competition for some top-selling drugs. (Reporting by Manas Mishra in Bengaluru; Editing by Shounak Dasgupta) ((Manas.Mishra@thomsonreuters.com; www.twitter.com/Manaswrites15)) The views and 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 deal details and background throughout Dec 12 (Reuters) - Pfizer PFE.N said on Tuesday it has agreed to donate the rights of royalties from sales of cancer drug Bavencio to address concerns from U.S. antitrust regulators related to its $43-billion deal to buy Seagen SGEN.O. Pfizer said it had now received all regulatory approvals to close the deal on Thursday. The drugmaker in March agreed to buy Seagen and its targeted cancer therapies as it braces for a steep fall in COVID-related sales and generic competition for some top-selling drugs.
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5bc9b3a1-eb4d-4215-8f24-b3faa47fe7ad
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712654.0
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2023-12-12 00:00:00 UTC
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FOCUS-US diabetes patients face delays as insurers tighten Ozempic coverage
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https://www.nasdaq.com/articles/focus-us-diabetes-patients-face-delays-as-insurers-tighten-ozempic-coverage
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By Deena Beasley
Dec 12 (Reuters) - Some patients with type 2 diabetes say they are having more difficulty getting reimbursed for drugs like Ozempic as U.S. insurers implement restrictions designed to deter doctors from prescribing the medication for weight loss.
Novo Nordisk NOVOb.CO confirmed in a recent email that it is seeing tighter health plan management of GLP-1 drugs including Ozempic and is working to minimize disruption for type 2 diabetes patients. The trend has contributed to a recent dip in U.S. prescriptions, an executive at the Danish drugmaker said at an investor conference last month.
Out of 24 diabetes patients contacted by Reuters on Reddit, 13 reported recent problems getting their health plans to cover Ozempic or Mounjaro, a similar drug sold by Eli Lilly LLY.N.
Elizabeth Beddow in Texas said her Blue Cross Blue Shield plan required two other drugs be tried before it would pay for Mounjaro, which her doctor prescribed after a diagnosis of type 2 diabetes. Instead, she was prescribed Ozempic in March, which caused extreme fatigue and gastrointestinal issues.
In September, Beddow, 57, was switched to an older drug, Lilly's Trulicity, but said her blood sugar levels are still rising.
Having to start a low dose before moving up to a maximum dose with two different medications was "really hard on my body," she said. "Ironically, my insurance covers Mounjaro without step therapy on January 1."
U.S. regulators approved Ozempic for diabetes in 2017 and Mounjaro in 2022. The drugs, more recently sold under the brand names Wegovy and Zepbound for weight loss, are designed to mimic a hormone called GLP-1 to regulate blood sugar, slow digestion and suppress appetite.
Most U.S. health plans cover GLP-1s for type 2 diabetes, which if uncontrolled can lead to serious complications, including kidney failure and limb amputations.
Sales of the self-injected medications, which have U.S. list prices of over $1,000 a month, quickly soared into the billions, making the companies among the world's most valuable. Sales have been limited in large part only by manufacturing capacity.
"What's really resulted in kind of a more heightened focus on prior authorization for the diabetes GLP-1 drugs is the increased volume from off-label prescribing for weight loss," said Cory Midlam, director in Willis Towers Watson's pharmacy practice, which advise employers on benefits.
Health insurers Aetna CVS.N, UnitedHealth UNH.N and Cigna CI.N did not respond to requests for comment.
PRIOR AUTHORIZATION ROADBLOCK
Some diabetes patients told Reuters that prior authorization, in which doctors need insurer permission before prescribing a medicine, had delayed by weeks, or even months, their ability to start a new medication or stay on a drug they had been taking. Others said insurers required them to try other drugs before their doctors were allowed to prescribe a newer medication.
A recent JP Morgan survey of U.S. benefits executives found that 74% of large employer-based health plans required diabetes patients to get prior authorization for a GLP-1, and a third of the rest planned to add the requirement as they grapple with higher spending on the medications as weight-loss tools.
Doctors often have to provide evidence of diagnosis and document that other medicines, such as generic metformin, were not adequate to control blood sugar or caused intolerable side effects.
The average number of weekly Ozempic prescriptions rose 33% between the first and third quarters of this year, but has since dropped more than 6% to about 431,000, according to Iqvia Institute for Data Science.
Doctors and patients are bracing for changes in January, when individual health plans often set new coverage terms.
"It may be that January 1, all of a sudden something that was covered is no longer," said Dr. Robert Gabbay, chief science officer at the American Diabetes Association.
Cost can also be an issue, especially for patients who have high-deductible insurance plans. "Depending on the coverage, some people still find it not affordable. That is certainly a problem," Gabbay said.
Lilly, in an email, said it continues to help people with type 2 diabetes access Mounjaro, adding that some insurers may require confirmation of diagnosis or prior diabetes medication use.
"You have to get prior authorization every year ... For us physicians, a lot of our time is spent doing paperwork. It is something that we all have to do, but it is a barrier," said Dr. Anne Peters, an endocrinologist with Keck Medicine of USC in Los Angeles.
She said it is important that patients stay on a prescribed treatment, and not get switched off a drug because of insurance coverage. If the disease is controlled, she said, there is a better chance of preventing things like heart disease, which is what eventually kills most people diagnosed with diabetes.
"If it were an ideal world, you would use drugs like GLP-1s, associated with weight loss, early," Peters said.
Eli Lilly obesity drug now available in US pharmacies
(Reporting By Deena Beasley; editing by Caroline Humer and Bill Berkrot)
((deena.beasley@thomsonreuters.com; 213 955 6746; Reuters Messaging: deena.beasley.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Deena Beasley Dec 12 (Reuters) - Some patients with type 2 diabetes say they are having more difficulty getting reimbursed for drugs like Ozempic as U.S. insurers implement restrictions designed to deter doctors from prescribing the medication for weight loss. "What's really resulted in kind of a more heightened focus on prior authorization for the diabetes GLP-1 drugs is the increased volume from off-label prescribing for weight loss," said Cory Midlam, director in Willis Towers Watson's pharmacy practice, which advise employers on benefits. Some diabetes patients told Reuters that prior authorization, in which doctors need insurer permission before prescribing a medicine, had delayed by weeks, or even months, their ability to start a new medication or stay on a drug they had been taking.
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Out of 24 diabetes patients contacted by Reuters on Reddit, 13 reported recent problems getting their health plans to cover Ozempic or Mounjaro, a similar drug sold by Eli Lilly LLY.N. Some diabetes patients told Reuters that prior authorization, in which doctors need insurer permission before prescribing a medicine, had delayed by weeks, or even months, their ability to start a new medication or stay on a drug they had been taking. Lilly, in an email, said it continues to help people with type 2 diabetes access Mounjaro, adding that some insurers may require confirmation of diagnosis or prior diabetes medication use.
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By Deena Beasley Dec 12 (Reuters) - Some patients with type 2 diabetes say they are having more difficulty getting reimbursed for drugs like Ozempic as U.S. insurers implement restrictions designed to deter doctors from prescribing the medication for weight loss. Out of 24 diabetes patients contacted by Reuters on Reddit, 13 reported recent problems getting their health plans to cover Ozempic or Mounjaro, a similar drug sold by Eli Lilly LLY.N. Some diabetes patients told Reuters that prior authorization, in which doctors need insurer permission before prescribing a medicine, had delayed by weeks, or even months, their ability to start a new medication or stay on a drug they had been taking.
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Out of 24 diabetes patients contacted by Reuters on Reddit, 13 reported recent problems getting their health plans to cover Ozempic or Mounjaro, a similar drug sold by Eli Lilly LLY.N. Lilly, in an email, said it continues to help people with type 2 diabetes access Mounjaro, adding that some insurers may require confirmation of diagnosis or prior diabetes medication use. "If it were an ideal world, you would use drugs like GLP-1s, associated with weight loss, early," Peters said.
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84ab3004-7a51-4ad1-8e99-cdae864799f9
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712655.0
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2023-12-12 00:00:00 UTC
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Bear of the Day: Becton, Dickenson and Co (BDX)
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https://www.nasdaq.com/articles/bear-of-the-day%3A-becton-dickenson-and-co-bdx
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Not all stocks are enjoying the run of the small caps or chip stops or whatever your favorite niche of the market is. Some of them are struggling to keep pace with the pack. Others are actively heading lower. Today’s Bear of the Day is a stock that has pulled back from recent highs and is trending lower. The more troubling part for long-term investors is that earnings estimates are also coming down.
Today’s Bear of the Day is Becton, Dickinson and Company (BDX). Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide. The company operates in three segments: BD Medical, BD Life Sciences, and BD Interventional.
Becton, Dickinson and Company is a Zacks Rank #5 (Strong Sell) in the Medical – Dental Supplies industry which ranks in the Bottom 21% of our Zacks Industry Rank. The reason for the unfavorable rank is that a recent earnings report has caused several firms around Wall Street to cut their earnings estimates for the company. Over the last thirty days, eleven analysts have cut their current year number while six have followed suit for next year.
The result has slashed our Zacks Consensus Estimate for the current year and next year. The current year number is off from $13.53 to $12.84 while next year’s number is down from $15.03 to $14.19. Those numbers are still both good for year-over-year growth though. Current year EPS growth is estimated to come in at 5.16% with next year at 10.58. That’s on revenue growth of 4.25% this year and 5.8% next year.
There are several names within the Medical – Dental Supplies industry which are Zacks Rank #3 (Hold) stocks. These include Align Technology (ALGN) and Labcorp (LH).
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Labcorp (LH) : Free Stock Analysis Report
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Align Technology, Inc. (ALGN) : 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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Not all stocks are enjoying the run of the small caps or chip stops or whatever your favorite niche of the market is. Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide. 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 company operates in three segments: BD Medical, BD Life Sciences, and BD Interventional. Becton, Dickinson and Company is a Zacks Rank #5 (Strong Sell) in the Medical – Dental Supplies industry which ranks in the Bottom 21% of our Zacks Industry Rank. Click to get this free report Labcorp (LH) : Free Stock Analysis Report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report Align Technology, Inc. (ALGN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Becton, Dickinson and Company is a Zacks Rank #5 (Strong Sell) in the Medical – Dental Supplies industry which ranks in the Bottom 21% of our Zacks Industry Rank. The result has slashed our Zacks Consensus Estimate for the current year and next year. Click to get this free report Labcorp (LH) : Free Stock Analysis Report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report Align Technology, Inc. (ALGN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today’s Bear of the Day is a stock that has pulled back from recent highs and is trending lower. Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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d5786185-a60f-4e09-b570-a3f6732a5345
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712656.0
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2023-12-12 00:00:00 UTC
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Bull of the Day: GameStop (GME)
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DCOMP
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https://www.nasdaq.com/articles/bull-of-the-day%3A-gamestop-gme
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nan
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nan
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Before everybody goes nuts over here and calls me an overzealous wannabe that must have just watched “Dumb Money” I want to hammer home the fact that this has nothing to do with Roaring Kitty. Really, it’s just based on facts and actions taken by analysts on Wall Street that Zacks happens to aggregate. All-in-all, it’s a great way to highlight the Zacks Rank by pointing out the action in today’s Bull of the Day, GameStop (GME).
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It also sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts, as well as engages in the digital asset wallet and NFT marketplace activities.
The stock is currently a Zacks Rank #1 (Strong Buy) in the Retail – Consumer Electronics industry which ranks in the Top 5% of our Zacks Industry Rank. The reason for the strong rank is that two analysts have come out over the last week and increased their earnings estimates for both the current year and next year. The bullish move has catapulted the current year Zacks Consensus Estimate from a 17-cent loss to just a 2-cent loss. That now represents growth of 98% over last year. Next year’s number is up from a 20-cent loss to just a 5-cent loss.
Image Source: Zacks Investment Research
A quick look at the Price, Consensus and EPS Surprise Chart on GameStop shows that estimates and the stock’s price has been moving in opposite directions. Since the end of 2022, estimates have trended in a singular direction, up. At the same time, the stock has come down from near $30 to the $15 level it sits at today. That sort of divergence between earnings and price will not last forever. Either earnings will come down or the stock’s price will come up. For now, this divergence, coupled with four consecutive quarterly earnings beats are reason enough to name GameStop today’s Bull of the Day.
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
GameStop Corp. (GME) : 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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Before everybody goes nuts over here and calls me an overzealous wannabe that must have just watched “Dumb Money” I want to hammer home the fact that this has nothing to do with Roaring Kitty. GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. It also sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts, as well as engages in the digital asset wallet and NFT marketplace activities.
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The stock is currently a Zacks Rank #1 (Strong Buy) in the Retail – Consumer Electronics industry which ranks in the Top 5% of our Zacks Industry Rank. The bullish move has catapulted the current year Zacks Consensus Estimate from a 17-cent loss to just a 2-cent loss. Click to get this free report GameStop Corp. (GME) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. The stock is currently a Zacks Rank #1 (Strong Buy) in the Retail – Consumer Electronics industry which ranks in the Top 5% of our Zacks Industry Rank. Image Source: Zacks Investment Research A quick look at the Price, Consensus and EPS Surprise Chart on GameStop shows that estimates and the stock’s price has been moving in opposite directions.
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The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. The reason for the strong rank is that two analysts have come out over the last week and increased their earnings estimates for both the current year and next year. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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e8c29b46-3d3c-4663-b045-bf2944269723
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712657.0
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2023-12-12 00:00:00 UTC
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A New Artificial Intelligence ETF (WISE) Hits the Market
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DCOMP
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https://www.nasdaq.com/articles/a-new-artificial-intelligence-etf-wise-hits-the-market
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nan
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nan
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The year 2023 was crucial in the Artificial Intelligence (AI) industry, characterized by dynamic company moves, huge initiatives, major product launches, substantial investments and strategic acquisitions. Big companies like Google, Microsoft and Amazon introduced significant updates to their AI services, emphasizing improved performance, user experience and ethical AI practices (read: AI ETFs: Review of Transformative Year 2023 & Outlook for 2024).
As 2023's excitement calms down, the focus shifts to what 2024 holds for generative AI. A wider spread of AI among consumers is expected next year and beyond. Probably this is why, Themes ETFs recently launched a pureplay AI ETF, Generative AI ETF (WISE). Let’s delve a little deeper.
Inside WISE
The Themes Generative Artificial Intelligence ETF (WISE) looks to track the Solactive Generative Artificial Intelligence Index, which identifies 40 companies that derive their revenues from the areas like Artificial Intelligence, Data Analytics & Big Data, Natural Language Processing and Artificial Intelligence-Driven Services. The fund charges 35 bps in fees.
UiPath (5.97%), Microsoft (5.04%) and Nvidia (4.85%) hold the top three spots in the fund. Information Technology takes the major (72.1%) part of the fund. United States (80%) takes the major share of the fund, followed by Japan (10.5%).
How Does It Fit In a Portfolio?
Generative artificial intelligence is expected to deliver at least $6.1 trillion in incremental value to the global economy annually, according to McKinsey & Company, as quoted on the issuer’s website. Artificial intelligence (AI) continues to revolutionize industry. About 177 companies within the S&P 500 cited “AI” during their last quarterly earnings call, per the factsheet.
About 94% of business executives agree that “AI is critical to success over the next five years,” and 79% of business executives anticipate “full-scale deployment for three or more types of AI applications” according to Deloitte, as quoted on the issuer’s website.
The year 2024 is likely to witness the launch of AI-equipped PCs and other devices, moving some cloud-based AI processes to local devices. For instance, Google's Pixel 8 series, with the Tensor G3 chip, showcases AI-driven features like photo editing and audio filtering. Investors can expect similar advancements from companies like HP, Dell, Lenovo and possibly Apple, per experts, as quoted on Yahoo Finance. We may also see more specialized approach to AI systems. This might have applications in areas like weather forecasting, cybersecurity and medical research, and so on.
Competition
There are several artificial intelligence ETFs in the market. These are the likes of ROBO Global Robotics and Automation Index ETF ROBO, Global X Robotics & Artificial Intelligence ETF BOTZ, iShares Robotics and Artificial Intelligence Multisector ETF IRBO and First Trust Nasdaq Artificial Intelligence and Robotics ETF ROBT. Expense ratios of these funds are 0.95%, 0.69%, 0.47% and 0.65%, respectively.
This is where the newbie can excel. The newly-launched WISE charges much lower expense ratio of 0.35%. The average expense ratio for the space is 0.71% So, we do not expect WISE to struggle much to make a killing.
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ROBO Global Robotics and Automation Index ETF (ROBO): ETF Research Reports
Global X Robotics & Artificial Intelligence ETF (BOTZ): ETF Research Reports
First Trust NASDAQ Artificial Intelligence and Robotics ETF (ROBT): ETF Research Reports
iShares Robotics and Artificial Intelligence Multisector ETF (IRBO): ETF Research Reports
Themes Generative Artificial Intelligence ETF (WISE): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The year 2023 was crucial in the Artificial Intelligence (AI) industry, characterized by dynamic company moves, huge initiatives, major product launches, substantial investments and strategic acquisitions. Generative artificial intelligence is expected to deliver at least $6.1 trillion in incremental value to the global economy annually, according to McKinsey & Company, as quoted on the issuer’s website. Investors can expect similar advancements from companies like HP, Dell, Lenovo and possibly Apple, per experts, as quoted on Yahoo Finance.
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Probably this is why, Themes ETFs recently launched a pureplay AI ETF, Generative AI ETF (WISE). These are the likes of ROBO Global Robotics and Automation Index ETF ROBO, Global X Robotics & Artificial Intelligence ETF BOTZ, iShares Robotics and Artificial Intelligence Multisector ETF IRBO and First Trust Nasdaq Artificial Intelligence and Robotics ETF ROBT. Click to get this free report ROBO Global Robotics and Automation Index ETF (ROBO): ETF Research Reports Global X Robotics & Artificial Intelligence ETF (BOTZ): ETF Research Reports First Trust NASDAQ Artificial Intelligence and Robotics ETF (ROBT): ETF Research Reports iShares Robotics and Artificial Intelligence Multisector ETF (IRBO): ETF Research Reports Themes Generative Artificial Intelligence ETF (WISE): ETF Research Reports To read this article on Zacks.com click here.
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Inside WISE The Themes Generative Artificial Intelligence ETF (WISE) looks to track the Solactive Generative Artificial Intelligence Index, which identifies 40 companies that derive their revenues from the areas like Artificial Intelligence, Data Analytics & Big Data, Natural Language Processing and Artificial Intelligence-Driven Services. These are the likes of ROBO Global Robotics and Automation Index ETF ROBO, Global X Robotics & Artificial Intelligence ETF BOTZ, iShares Robotics and Artificial Intelligence Multisector ETF IRBO and First Trust Nasdaq Artificial Intelligence and Robotics ETF ROBT. Click to get this free report ROBO Global Robotics and Automation Index ETF (ROBO): ETF Research Reports Global X Robotics & Artificial Intelligence ETF (BOTZ): ETF Research Reports First Trust NASDAQ Artificial Intelligence and Robotics ETF (ROBT): ETF Research Reports iShares Robotics and Artificial Intelligence Multisector ETF (IRBO): ETF Research Reports Themes Generative Artificial Intelligence ETF (WISE): ETF Research Reports To read this article on Zacks.com click here.
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Probably this is why, Themes ETFs recently launched a pureplay AI ETF, Generative AI ETF (WISE). Generative artificial intelligence is expected to deliver at least $6.1 trillion in incremental value to the global economy annually, according to McKinsey & Company, as quoted on the issuer’s website. Expense ratios of these funds are 0.95%, 0.69%, 0.47% and 0.65%, respectively.
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fba629f0-dd10-4e08-bebd-3c70d32ef14d
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712658.0
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2023-12-12 00:00:00 UTC
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DGRW, CEW: Big ETF Inflows
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DCOMP
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https://www.nasdaq.com/articles/dgrw-cew%3A-big-etf-inflows
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nan
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nan
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the WisdomTree U.S. Quality Dividend Growth Fund, which added 24,250,000 units, or a 15.4% increase week over week. Among the largest underlying components of DGRW, in morning trading today Microsoft is off about 1.6%, and Apple is higher by about 0.5%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree Emerging Currency Strategy Fund, which added 200,000 units, for a 40.0% increase in outstanding units.
VIDEO: DGRW, CEW: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of DGRW, in morning trading today Microsoft is off about 1.6%, and Apple is higher by about 0.5%. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree Emerging Currency Strategy Fund, which added 200,000 units, for a 40.0% increase in outstanding units. VIDEO: DGRW, CEW: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the WisdomTree U.S. Quality Dividend Growth Fund, which added 24,250,000 units, or a 15.4% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree Emerging Currency Strategy Fund, which added 200,000 units, for a 40.0% increase in outstanding units. VIDEO: DGRW, CEW: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the WisdomTree U.S. Quality Dividend Growth Fund, which added 24,250,000 units, or a 15.4% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree Emerging Currency Strategy Fund, which added 200,000 units, for a 40.0% increase in outstanding units. VIDEO: DGRW, CEW: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the WisdomTree U.S. Quality Dividend Growth Fund, which added 24,250,000 units, or a 15.4% increase week over week. Among the largest underlying components of DGRW, in morning trading today Microsoft is off about 1.6%, and Apple is higher by about 0.5%. And on a percentage change basis, the ETF with the biggest increase in inflows was the WisdomTree Emerging Currency Strategy Fund, which added 200,000 units, for a 40.0% increase in outstanding units.
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c52de77f-1b0b-4e6e-97fd-df1e90ee6795
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712659.0
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2023-12-12 00:00:00 UTC
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1 Popular AI Stock to Sell Before 2024
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DCOMP
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https://www.nasdaq.com/articles/1-popular-ai-stock-to-sell-before-2024
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nan
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nan
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2023 has been the year of the artificial intelligence (AI) stock, and 2024 could be another solid year for this cohort. But, a few stocks have gotten absolutely overheated and are trading at sky-high valuations. They may have a tough time hitting expectations in 2024, so it may be good to get out while you can.
One of these stocks is Palantir (NYSE: PLTR), a business that has excelled lately. In fact, I think it will do great in 2024 as well, but the stock is at a point where it is mismatched with the business.
Palantir's business is excelling
One reason Palantir has been a popular AI pick is that it has been doing AI for a long time. Since its founding in 2003, Palantir has been laser-focused on applying AI-based analysis to data flows to give the end-user the most up-to-date information possible to make a decision.
Originally, this software was developed solely for government use by intelligence agencies, defense departments, and anywhere else where critical decisions must be made quickly. Palantir eventually expanded outside government contracts and into the commercial side, further expanding its market opportunity. Still, government contracts make up most of Palantir's revenue, with 55% coming from government sources in Q3.
But that's not to say commercial revenue won't overtake it someday. Commercial revenue rose 23% in Q3 versus the government's increase of 12%. Another bright spot was the U.S. commercial customer count, rising 37% year over year from 132 customers to 181.
As mentioned, Palantir's business is doing well. I also expect this strength to continue into 2024, but the stock is valued in a way that doesn't support what the business is doing.
The stock has many years of growth baked into it already
Palantir's stock isn't cheap. While the $17 price tag may seem cheap, you must look at what that $17 is buying you. By dividing the stock price by a financial statistic (like sales or earnings), investors can see how much they pay for a share of the business.
Palantir isn't fully profitable yet, but it is steadily improving (another point in favor of Palantir's business doing well). So, I'll use its price-to-sales (P/S) ratio to value the stock.
PLTR PS Ratio data by YCharts. PS Ratio = price-to-sales ratio.
For any stock, let alone one growing at only a 17% pace, 18 times sales isn't a cheap price. While other software stocks trade around this range, many are growing revenue at a 30% to 40% pace.
Another way to look at the P/S ratio is to imagine Palantir was instantly fully profitable. A mature software company like Adobe regularly posts profit margins of around 27%, which we'll use for Palantir's hypothetical profit margin.
If Palantir could achieve that, it would trade at 68 times earnings. Once again, that's a hefty premium for a stock. Even if Palantir grows its revenue at a 17% pace for the next five years, that would value the stock at 30 times earnings. So, for Palantir to reach the range that most mature tech stocks trade at, you must give up five years' worth of gains, grow at a 17% pace, and match the profit margins in one of the most successful software companies of all time.
That's quite the bar to clear, and I'm unsure Palantir's stock can do it unless its growth rapidly accelerates. It may do that in 2024 and surprise me, but Palantir's software is as expensive as the stock and takes a while to integrate. Hence, the slow and steady business growth Palantir delivers makes sense. If the stock drops based only on valuation and not on declining business metrics, I would reconsider my stance.
Palantir is a great company that is capturing a lucrative opportunity and will likely succeed. However, the stock doesn't support the current growth pace, which makes me think investors should consider looking at some other stocks for 2024.
Should you invest $1,000 in Palantir Technologies right now?
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Keithen Drury has positions in Adobe. The Motley Fool has positions in and recommends Adobe and Palantir Technologies. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since its founding in 2003, Palantir has been laser-focused on applying AI-based analysis to data flows to give the end-user the most up-to-date information possible to make a decision. Originally, this software was developed solely for government use by intelligence agencies, defense departments, and anywhere else where critical decisions must be made quickly. So, for Palantir to reach the range that most mature tech stocks trade at, you must give up five years' worth of gains, grow at a 17% pace, and match the profit margins in one of the most successful software companies of all time.
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A mature software company like Adobe regularly posts profit margins of around 27%, which we'll use for Palantir's hypothetical profit margin. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Palantir Technologies wasn't one of them. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe.
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The stock has many years of growth baked into it already Palantir's stock isn't cheap. So, for Palantir to reach the range that most mature tech stocks trade at, you must give up five years' worth of gains, grow at a 17% pace, and match the profit margins in one of the most successful software companies of all time. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Palantir Technologies wasn't one of them.
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The stock has many years of growth baked into it already Palantir's stock isn't cheap. Even if Palantir grows its revenue at a 17% pace for the next five years, that would value the stock at 30 times earnings. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Palantir Technologies wasn't one of them.
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f652f7b3-1d31-4d90-a9c0-74769ab54c43
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712660.0
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2023-12-12 00:00:00 UTC
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Here's Why Hold Strategy is Apt for Intercontinental (ICE)
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DCOMP
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https://www.nasdaq.com/articles/heres-why-hold-strategy-is-apt-for-intercontinental-ice-0
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nan
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nan
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Intercontinental Exchange Inc. ICE remains well-poised for growth on the back of a compelling portfolio, expansive risk-management services, strategic buyouts, solid balance sheet, effective capital deployment and favorable growth estimates.
Zacks Rank & Price Performance
Intercontinental currently carries a Zacks Rank #3 (Hold). In a year, the stock has gained 9.2% compared with the industry’s growth of 19.5%.
Image Source: Zacks Investment Research
Growth Projections
The Zacks Consensus Estimate for 2023 earnings is pegged at $5.58 per share, indicating an increase of 5.3% year over year on 10.3% higher revenues of $8.05 billion. The consensus estimate for 2024 earnings is pegged at $5.83 per share, indicating an increase of 4.4% year over year on 13.9% higher revenues of $9.17 billion.
Earnings Surprise History
Intercontinental has a solid surprise history, beating earnings estimates in three of the last four reported quarters while missing in one, the average being 2.15%.
Return on Equity (ROE)
The company’s ROE for the trailing 12 months is 13%, comparing favorably with the industry’s 12.3% and reflecting the company’s efficiency in utilizing shareholders’ fund.
Growth Drivers
With more than 5,000 indices representing over $1 trillion in benchmark assets under management, ICE is the second-largest global fixed-income provider.
An expansive and compelling product and service portfolio should continue to fuel top-line improvement. Black Knight acquisition further complements existing revenue streams and improves the mix of high-growth recurring revenues. ICE estimates mid-single digit growth in Fixed Income and Data Services recurring revenues.
ICE, with the largest mortgage network across the United States, should benefit from accelerated digitization in the U.S. residential mortgage industry. Intercontinental projects Mortgage revenues to grow at an average annual rate of 8-10% over the next 10 years, while the Mortgage Technology business is expected to grow in the low to mid-teens. ICE estimates mid to high-single-digit growth in recurring revenues in the mortgage technology segment in 2023.
Intercontinental has an impressive history of acquisitions, which have not only fueled growth but also helped achieve expense synergies.
Its healthy and minimal risk-based balance sheet is likely to continue providing stability and buoyancy over the medium to long term while supporting strategic investments.
A solid capital position helps ICE boost shareholders' value by buying back shares and hiking dividends. While ICE has more than doubled its dividends in the last six years, it has $2.5 billion remaining under its authorization kitty.
Stocks to Consider
Some better-ranked stocks from the securities and exchanges sector are Cboe Global Markets, Inc. CBOE, Coinbase Global, Inc. COIN and Deutsche Boerse AG DBOEY. While Cboe Global sports a Zacks Rank #1 (Strong Buy), Coinbase Global and Deutsche Boerse carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cboe Global has a solid track record of beating earnings estimates in each of the last trailing four quarters, the average being 4.07%. In the past year, CBOE has gained 44.8%.
The Zacks Consensus Estimate for CBOE’s 2023 and 2024 earnings per share is pegged at $7.58 and $7.99, indicating a year-over-year increase of 9.3% and 5.4%, respectively.
Coinbase Global has a solid track record of beating earnings estimates in three of the last four quarters and missing in one, the average being 62.95%. In the past year, COIN has rallied 256.8%.
The Zacks Consensus Estimate for COIN’s 2023 and 2024 earnings per share indicates a year-over-year increase of 91.7% and 29.3%, respectively.
Deutsche Boerse has a solid track record of beating earnings estimates in each of the last trailing four quarters, the average being 3.85%. In the past year, DBOEY has gained 9.3%.
The Zacks Consensus Estimate for DBOEY’s 2023 and 2024 earnings per share is pegged at $1 and $1.04, indicating a year-over-year increase of 9.8% and 4%, respectively.
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
Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report
Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report
Deutsche Boerse AG (DBOEY) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Growth Drivers With more than 5,000 indices representing over $1 trillion in benchmark assets under management, ICE is the second-largest global fixed-income provider. Its healthy and minimal risk-based balance sheet is likely to continue providing stability and buoyancy over the medium to long term while supporting strategic investments. 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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Intercontinental Exchange Inc. ICE remains well-poised for growth on the back of a compelling portfolio, expansive risk-management services, strategic buyouts, solid balance sheet, effective capital deployment and favorable growth estimates. Image Source: Zacks Investment Research Growth Projections The Zacks Consensus Estimate for 2023 earnings is pegged at $5.58 per share, indicating an increase of 5.3% year over year on 10.3% higher revenues of $8.05 billion. Click to get this free report Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report Deutsche Boerse AG (DBOEY) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Growth Projections The Zacks Consensus Estimate for 2023 earnings is pegged at $5.58 per share, indicating an increase of 5.3% year over year on 10.3% higher revenues of $8.05 billion. The consensus estimate for 2024 earnings is pegged at $5.83 per share, indicating an increase of 4.4% year over year on 13.9% higher revenues of $9.17 billion. Click to get this free report Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report Deutsche Boerse AG (DBOEY) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Intercontinental Exchange Inc. ICE remains well-poised for growth on the back of a compelling portfolio, expansive risk-management services, strategic buyouts, solid balance sheet, effective capital deployment and favorable growth estimates. Image Source: Zacks Investment Research Growth Projections The Zacks Consensus Estimate for 2023 earnings is pegged at $5.58 per share, indicating an increase of 5.3% year over year on 10.3% higher revenues of $8.05 billion. While Cboe Global sports a Zacks Rank #1 (Strong Buy), Coinbase Global and Deutsche Boerse carry a Zacks Rank #2 (Buy) each at present.
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5f438f1c-9f44-4d8a-b13d-53fb8b498991
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712661.0
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2023-12-12 00:00:00 UTC
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EXCLUSIVE-Biden admin to recognize methodology favored by ethanol industry for SAF credits -sources
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DCOMP
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https://www.nasdaq.com/articles/exclusive-biden-admin-to-recognize-methodology-favored-by-ethanol-industry-for-saf-credits
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nan
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nan
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By Stephanie Kelly and Jarrett Renshaw
NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters.
For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law.
The news is a win for the ethanol industry, which has countered environmental groups seeking standards that elevate feedstocks like used cooking oil and animal fat.
The administration, however, is also expected to announce that it will update the GREET methodology by March 1, the sources said.
That leaves some uncertainty for corn-based ethanol producers, as the administration is expected to ultimately tighten requirements around SAF feedstocks.
Over the coming months, a fierce lobbying push is expected.
The Treasury Department declined to comment for this story.
White House adviser John Podesta said on Thursday the SAF guidance would be released very soon.
"We think in order to take advantage of the credit that emissions have to be 50% below what oil-based aviation fuel looks like," Podesta told reporters on Thursday.
(Reporting by Stephanie Kelly, Jarrett Renshaw, Leah Douglas and David Shepharson; Editing by Bill Berkrot)
((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. The news is a win for the ethanol industry, which has countered environmental groups seeking standards that elevate feedstocks like used cooking oil and animal fat.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. "We think in order to take advantage of the credit that emissions have to be 50% below what oil-based aviation fuel looks like," Podesta told reporters on Thursday. (Reporting by Stephanie Kelly, Jarrett Renshaw, Leah Douglas and David Shepharson; Editing by Bill Berkrot) ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. That leaves some uncertainty for corn-based ethanol producers, as the administration is expected to ultimately tighten requirements around SAF feedstocks.
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By Stephanie Kelly and Jarrett Renshaw NEW YORK, Dec 14 (Reuters) - The Biden administration is expected this week to recognize a soon-to-be updated methodology favored by the ethanol industry in its guidance on how companies can gain access to credits for sustainable aviation fuel (SAF) production, three sources familiar with the matter told Reuters. For months the administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model, which as it stands would enable ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law. "We think in order to take advantage of the credit that emissions have to be 50% below what oil-based aviation fuel looks like," Podesta told reporters on Thursday.
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d0078ddf-f09b-4f5f-b757-219fe7dadc31
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712662.0
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2023-12-12 00:00:00 UTC
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Can Dutch Bros Stock Hit $50 in 2024?
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DCOMP
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https://www.nasdaq.com/articles/can-dutch-bros-stock-hit-%2450-in-2024
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nan
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nan
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Unless you live in the western or southern parts of the U.S., you might not have heard of Dutch Bros (NYSE: BROS). Nonetheless, some investors are quite optimistic about prospects for this chain of drive-thru coffee shops. In fact, its latest financial results beat Wall Street estimates, breathing some life into the struggling shares that are currently down 64% from their peak.
Better days could be ahead. Can this coffee stock -- currently priced at about $27 a share -- hit $50 by the end of 2024? Here's what investors need to know when thinking about what would equate to an 80% gain from today's price.
This is a growth story
The reason this business is on the radar is due to its rapid store expansion. A year ago, there were 641 locations in the U.S., a figure that has jumped to 794 now. The leadership team is optimistic that one day, there will be 4,000 open. This is a truly lofty target. And investors are hoping that executives don't let up on the gas pedal.
While more locations helped overall company revenue soar 33% in the latest quarter, one area that really needs to show signs of improvement, in my opinion, is same-store sales (or comps).
On a systemwide basis, comps were up by 4% in the third quarter. To be fair, this is a huge improvement from negative growth in the first quarter. But it's nothing to write home about yet. If we look at only company-owned stores, the picture is even worse as comps for these locations increased by just 2.8% in the third quarter.
I'm sure that shareholders and the management team believe that when the economic backdrop improves, and inflation continues easing, these metrics will accelerate their gains.
There are reasons to temper expectations, though. The restaurant industry, and the market for coffee houses in particular, is probably one of the most competitive there is. There are almost zero barriers to entry for new rivals looking to establish a presence.
And in Dutch Bros' case, as it continues expanding, it will inevitably compete more directly with the likes of Starbucks, the undisputed leader in the industry with 16,300 stores scattered across the U.S. Starbucks has a proven business model, better profitability, scale advantages, and a powerful brand. Its dominance will only make things more difficult for Dutch Bros.
Set realistic expectations
Consensus analyst estimates call for Dutch Bros to post 26% revenue growth and a 51% increase in earnings per share in 2024 compared to 2023. Even if these projections come to fruition, I don't think they are enough to propel the stock 80% higher to $50 per share.
Dutch Bros will certainly need its valuation multiple to expand considerably. As of this writing, the stock trades at a price-to-sales (P/S) ratio of 1.7. Historically, shares have averaged a P/S multiple of 3.1, so things have definitely been under pressure lately as investors seem to have lost their enthusiasm.
For comparison's sake, Starbucks trades at a P/S ratio of 3.1 right now. On the one hand, you can argue that because of its long track record of financial success and strong brand recognition, this valuation is warranted.
However, this might be a signal that Dutch Bros' shares are indeed undervalued. While that could be an accurate assumption, betting on a stock's multiple to rise significantly in the next 12 months is not a prudent way to invest. This is totally unpredictable, and it's fully based on investor sentiment.
I think it's safe to assume that Dutch Bros shares will not reach $50 in 2024. The odds just aren't stacked in this outcome's favor.
Should you invest $1,000 in Dutch Bros right now?
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Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Starbucks. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fact, its latest financial results beat Wall Street estimates, breathing some life into the struggling shares that are currently down 64% from their peak. While more locations helped overall company revenue soar 33% in the latest quarter, one area that really needs to show signs of improvement, in my opinion, is same-store sales (or comps). On the one hand, you can argue that because of its long track record of financial success and strong brand recognition, this valuation is warranted.
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Its dominance will only make things more difficult for Dutch Bros. Set realistic expectations Consensus analyst estimates call for Dutch Bros to post 26% revenue growth and a 51% increase in earnings per share in 2024 compared to 2023. Before you buy stock in Dutch Bros, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Dutch Bros wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Neil Patel and his clients have no position in any of the stocks mentioned.
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Its dominance will only make things more difficult for Dutch Bros. Set realistic expectations Consensus analyst estimates call for Dutch Bros to post 26% revenue growth and a 51% increase in earnings per share in 2024 compared to 2023. Before you buy stock in Dutch Bros, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Dutch Bros wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Neil Patel and his clients have no position in any of the stocks mentioned.
|
Dutch Bros will certainly need its valuation multiple to expand considerably. Before you buy stock in Dutch Bros, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Dutch Bros wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Neil Patel and his clients have no position in any of the stocks mentioned.
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6552ae0d-20c0-4ced-83c4-7552498cbfa7
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712663.0
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2023-12-12 00:00:00 UTC
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Johnson Controls (JCI) Lags Q4 Earnings and Revenue Estimates
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DCOMP
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https://www.nasdaq.com/articles/johnson-controls-jci-lags-q4-earnings-and-revenue-estimates
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nan
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nan
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Johnson Controls (JCI) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.67%. A quarter ago, it was expected that this diversified technology and industrial company would post earnings of $1.03 per share when it actually produced earnings of $1.03, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Johnson Controls, which belongs to the Zacks Security and Safety Services industry, posted revenues of $6.91 billion for the quarter ended September 2023, missing the Zacks Consensus Estimate by 2.62%. This compares to year-ago revenues of $6.73 billion. The company has topped consensus revenue estimates just once 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.
Johnson Controls shares have lost about 11.6% since the beginning of the year versus the S&P 500's gain of 20.4%.
What's Next for Johnson Controls?
While Johnson Controls has underperformed 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 Johnson Controls: unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.66 on $6.34 billion in revenues for the coming quarter and $3.94 on $28.23 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, Security and Safety Services is currently in the top 18% 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.
UniFirst (UNF), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended November 2023. The results are expected to be released on January 3.
This uniform provider is expected to post quarterly earnings of $2.33 per share in its upcoming report, which represents a year-over-year change of +5.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
UniFirst's revenues are expected to be $590.91 million, up 9.1% from the year-ago quarter.
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. UniFirst (UNF), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended November 2023. This uniform provider is expected to post quarterly earnings of $2.33 per share in its upcoming report, which represents a year-over-year change of +5.4%.
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Johnson Controls, which belongs to the Zacks Security and Safety Services industry, posted revenues of $6.91 billion for the quarter ended September 2023, missing the Zacks Consensus Estimate by 2.62%. The current consensus EPS estimate is $0.66 on $6.34 billion in revenues for the coming quarter and $3.94 on $28.23 billion in revenues for the current fiscal year. Click to get this free report Johnson Controls International plc (JCI) : Free Stock Analysis Report Unifirst Corporation (UNF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Johnson Controls (JCI) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.09 per share. Johnson Controls, which belongs to the Zacks Security and Safety Services industry, posted revenues of $6.91 billion for the quarter ended September 2023, missing the Zacks Consensus Estimate by 2.62%. Click to get this free report Johnson Controls International plc (JCI) : Free Stock Analysis Report Unifirst Corporation (UNF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Johnson Controls (JCI) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.09 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Ahead of this earnings release, the estimate revisions trend for Johnson Controls: unfavorable.
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5c476d1d-298d-45d9-8c4d-71b9154928b2
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712664.0
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2023-12-12 00:00:00 UTC
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US natgas prices fall 3% to near 6-month low on milder forecasts
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DCOMP
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https://www.nasdaq.com/articles/us-natgas-prices-fall-3-to-near-6-month-low-on-milder-forecasts
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nan
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nan
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By Scott DiSavino
Dec 12 (Reuters) - U.S. natural gas futures fell about 3% to a fresh near six-month low on Tuesday on record output and forecasts for milder weather and lower heating demand than previously expected that should allow utilities to leave more gas in storage than usual through late December.
Analysts forecast there was currently about 7.8% more gas in storage than usual for this time of year. EIA/GASNGAS/POLL
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange fell 6.5 cents, or 2.7%, to $2.366 per million British thermal units (mmBtu) at 9:42 a.m. EST (1442 GMT), putting the contract on track for its lowest close since June 14 for a second day in a row.
That kept the front-month in technically oversold territory with a Relative Strength Index (RSI) below 30 for a fifth day in a row for the first time since February.
With record production and ample amounts of gas in storage, futures have been sending bearish signals for weeks that prices this winter (November-March) likely already peaked in November.
The premium of futures for 2029 NGCALYZ9 (five years out) over 2024 NGCALYZ4 rose to a record high for a third day in a row.
Analysts expect prices to rise in coming years as demand for gas grows as several new U.S. liquefied natural gas (LNG) export plants entering service in the U.S., Canada and Mexico.
In 2024, however, analysts started to reduce their U.S. demand forecasts after Exxon MobilXOM.N delayed the planned first LNG production at its 2.3-billion cubic feet per day (bcfd) Golden Pass export plant under construction in Texas to the first half of 2025 from the second half of 2024.
In the spot market, meanwhile, next-day prices at the AECO hub NG-ASH-ALB-SNL in Alberta dropped to their lowest since Oct. 2022.
SUPPLY AND DEMAND
Financial firm LSEG said average gas output in the Lower 48 U.S. states rose to 108.4 bcfd so far in December from a record 108.3 bcfd in November.
On a daily basis, output was on track to drop by 2.0 bcfd to a preliminary 107.3 bcfd on Tuesday due mostly to declines in Texas and Oklahoma. If correct, that would be the biggest one-day decline since early November. Analysts, however, have noted that preliminary data is often revised later in the day.
Meteorologists projected the weather would remain warmer-than-normal through Dec. 27.
With the weather turning milder, LSEG forecast U.S. gas demand in the Lower 48, including exports, would slide from 123.7 bcfd this week to 122.8 bcfd next week. The forecast for next week was lower than LSEG's outlook on Monday.
U.S. pipeline exports to Mexico, meanwhile, fell to an average of 3.8 bcfd so far in December, down from 5.6 bcfd in November and a record 6.9 bcfd in September.
On a daily basis, U.S. exports to Mexico were on track to drop to a preliminary 3.5 bcfd on Tuesday, their lowest since May 2020.
Analysts, however, expect exports to Mexico to rise in coming months once U.S. energy company New Fortress Energy's NFE.O plant in Altamira starts pulling in U.S. gas to turn into LNG for export in December.
Gas flows to the seven big U.S. LNG export plants rose to an average of 14.6 bcfd so far in December, up from a record 14.3 bcfd in November.
Week ended Dec 8 Forecast
Week ended Dec 1 Actual
Year ago Dec 8
Five-year average
Dec 8
U.S. weekly natgas storage change (bcf):
-48
-117
-46
-81
U.S. total natgas in storage (bcf):
3,671
3,719
3,419
3,404
U.S. total storage versus 5-year average
7.8%
6.7%
Global Gas Benchmark Futures ($ per mmBtu)
Current Day
Prior Day
This Month Last Year
Prior Year Average 2022
Five Year Average (2017-2021)
Henry Hub NGc1
2.43
2.43
5.77
6.54
2.89
Title Transfer Facility (TTF) TRNLTTFMc1
11.21
11.51
36.68
40.50
7.49
Japan Korea Marker (JKM) JKMc1
15.75
15.98
32.34
34.11
8.95
LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days
Two-Week Total Forecast
Current Day
Prior Day
Prior Year
10-Year Norm
30-Year Norm
U.S. GFS HDDs
317
338
475
387
409
U.S. GFS CDDs
2
2
3
5
4
U.S. GFS TDDs
319
340
378
392
413
LSEG U.S. Weekly GFS Supply and Demand Forecasts
Prior Week
Current Week
Next Week
This Week Last Year
Five-Year (2018-2022) Average For Month
U.S. Supply (bcfd)
U.S. Lower 48 Dry Production
108.1
108.9
109.1
102.8
94.2
U.S. Imports from Canada8
8.8
8.6
9.0
10.0
9.1
U.S. LNG Imports
0.0
0.0
0.0
0.0
0.2
Total U.S. Supply
116.9
117.5
118.1
112.8
103.5
U.S. Demand (bcfd)
U.S. Exports to Canada
3.3
3.4
3.4
3.4
3.2
U.S. Exports to Mexico
3.9
4.0
4.8
5.2
5.0
U.S. LNG Exports
14.5
14.5
13.9
12.6
8.6
U.S. Commercial
13.2
13.9
13.3
15.4
14.6
U.S. Residential
20.9
22.5
21.5
25.8
24.7
U.S. Power Plant
33.2
32.5
33.1
30.4
28.6
U.S. Industrial
24.3
24.6
24.4
24.7
25.0
U.S. Plant Fuel
5.3
5.4
5.4
5.3
5.3
U.S. Pipe Distribution
2.7
2.7
2.7
2.7
2.9
U.S. Vehicle Fuel
0.1
0.1
0.1
0.1
0.1
Total U.S. Consumption
99.8
101.7
100.6
104.4
101.2
Total U.S. Demand
121.4
123.7
122.8
125.6
118.0
U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam
Current Day % of Normal Forecast
Prior Day % of Normal Forecast
2023
% of Normal Actual
2022 % of Normal Actual
2021 % of Normal Actual
Apr-Sep
82
85
83
107
81
Jan-Jul
82
85
77
102
79
Oct-Sep
83
85
76
103
81
U.S. weekly power generation percent by fuel - EIA
Week ended Dec 15
Week ended Dec 8
Week ended Dec 1
Week ended Nov 24
Week ended Nov 17
Wind
19
12
10
11
9
Solar
3
3
3
3
3
Hydro
5
5
6
6
6
Other
2
2
2
2
2
Petroleum
Natural Gas
35
40
42
39
42
Coal
14
17
17
16
17
Nuclear
22
21
20
22
21
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
Hub
Current Day
Prior Day
Henry Hub NG-W-HH-SNL
2.39
2.57
Transco Z6 New York NG-CG-NY-SNL
2.07
1.99
PG&E Citygate NG-CG-PGE-SNL
4.02
3.84
Eastern Gas (old Dominion South) NG-PCN-APP-SNL
1.82
1.85
Chicago Citygate NG-CG-CH-SNL
2.13
2.23
Algonquin Citygate NG-CG-BS-SNL
3.08
2.35
SoCal Citygate NG-SCL-CGT-SNL
3.78
3.23
Waha Hub NG-WAH-WTX-SNL
1.57
3.23
AECO NG-ASH-ALB-SNL
1.17
1.37
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
Hub
Current Day
Prior Day
New England EL-PK-NPMS-SNL
32.25
34.75
PJM West EL-PK-PJMW-SNL
48.50
25.25
Ercot North EL-PK-ERTN-SNL
23.25
16.00
Mid C EL-PK-MIDC-SNL
63.00
72.29
Palo Verde EL-PK-PLVD-SNL
45.50
33.75
SP-15 EL-PK-SP15-SNL
51.75
32.50
(Reporting by Scott DiSavino; editing by Grant McCool)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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EIA/GASNGAS/POLL Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange fell 6.5 cents, or 2.7%, to $2.366 per million British thermal units (mmBtu) at 9:42 a.m. EST (1442 GMT), putting the contract on track for its lowest close since June 14 for a second day in a row. That kept the front-month in technically oversold territory with a Relative Strength Index (RSI) below 30 for a fifth day in a row for the first time since February. With record production and ample amounts of gas in storage, futures have been sending bearish signals for weeks that prices this winter (November-March) likely already peaked in November.
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By Scott DiSavino Dec 12 (Reuters) - U.S. natural gas futures fell about 3% to a fresh near six-month low on Tuesday on record output and forecasts for milder weather and lower heating demand than previously expected that should allow utilities to leave more gas in storage than usual through late December. Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -48 -117 -46 -81 U.S. total natgas in storage (bcf): 3,671 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.8% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.43 2.43 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.21 11.51 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.75 15.98 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 317 338 475 387 409 U.S. GFS CDDs 2 2 3 5 4 U.S. GFS TDDs 319 340 378 392 413 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.9 109.1 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 9.0 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 118.1 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 4.0 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.5 13.9 12.6 8.6 U.S. Commercial 13.2 13.9 13.3 15.4 14.6 U.S. Consumption 99.8 101.7 100.6 104.4 101.2 Total U.S. Demand 121.4 123.7 122.8 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 82 85 83 107 81 Jan-Jul 82 85 77 102 79 Oct-Sep 83 85 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 19 12 10 11 9 Solar 3 3 3 3 3 Hydro 5 5 6 6 6 Other 2 2 2 2 2 Petroleum Natural Gas 35 40 42 39 42 Coal 14 17 17 16 17 Nuclear 22 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.39 2.57 Transco Z6 New York NG-CG-NY-SNL 2.07 1.99 PG&E Citygate NG-CG-PGE-SNL 4.02 3.84 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.82 1.85 Chicago Citygate NG-CG-CH-SNL 2.13 2.23 Algonquin Citygate NG-CG-BS-SNL 3.08 2.35 SoCal Citygate NG-SCL-CGT-SNL 3.78 3.23 Waha Hub NG-WAH-WTX-SNL 1.57 3.23
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With the weather turning milder, LSEG forecast U.S. gas demand in the Lower 48, including exports, would slide from 123.7 bcfd this week to 122.8 bcfd next week. Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -48 -117 -46 -81 U.S. total natgas in storage (bcf): 3,671 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.8% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.43 2.43 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.21 11.51 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.75 15.98 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 317 338 475 387 409 U.S. GFS CDDs 2 2 3 5 4 U.S. GFS TDDs 319 340 378 392 413 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.9 109.1 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 9.0 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 118.1 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 4.0 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.5 13.9 12.6 8.6 U.S. Commercial 13.2 13.9 13.3 15.4 14.6 U.S. Consumption 99.8 101.7 100.6 104.4 101.2 Total U.S. Demand 121.4 123.7 122.8 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 82 85 83 107 81 Jan-Jul 82 85 77 102 79 Oct-Sep 83 85 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 19 12 10 11 9 Solar 3 3 3 3 3 Hydro 5 5 6 6 6 Other 2 2 2 2 2 Petroleum Natural Gas 35 40 42 39 42 Coal 14 17 17 16 17 Nuclear 22 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.39 2.57 Transco Z6 New York NG-CG-NY-SNL 2.07 1.99 PG&E Citygate NG-CG-PGE-SNL 4.02 3.84 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.82 1.85 Chicago Citygate NG-CG-CH-SNL 2.13 2.23 Algonquin Citygate NG-CG-BS-SNL 3.08 2.35 SoCal Citygate NG-SCL-CGT-SNL 3.78 3.23 Waha Hub NG-WAH-WTX-SNL 1.57 3.23
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On a daily basis, U.S. exports to Mexico were on track to drop to a preliminary 3.5 bcfd on Tuesday, their lowest since May 2020. Gas flows to the seven big U.S. LNG export plants rose to an average of 14.6 bcfd so far in December, up from a record 14.3 bcfd in November. Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -48 -117 -46 -81 U.S. total natgas in storage (bcf): 3,671 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.8% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.43 2.43 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.21 11.51 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.75 15.98 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 317 338 475 387 409 U.S. GFS CDDs 2 2 3 5 4 U.S. GFS TDDs 319 340 378 392 413 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.9 109.1 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 9.0 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 118.1 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 4.0 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.5 13.9 12.6 8.6 U.S. Commercial 13.2 13.9 13.3 15.4 14.6 U.S.
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00e8d18a-e96a-4fbb-8a12-d3f78496c573
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712665.0
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2023-12-12 00:00:00 UTC
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Company News for Dec 12, 2023
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DCOMP
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https://www.nasdaq.com/articles/company-news-for-dec-12-2023
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nan
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nan
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Macy's Inc.’s (M) shares soared 19.4% following news that the company received a buyout offer for $5.8 billion from two investment firms.
Shares of The Cigna Group (CI) jumped 16.7% after the company decided to terminate its attempt to acquire competitor Humana Inc. (HUM) owing to price disagreement.
Occidental Petroleum Corp.’s (OXY) shares rose 1% after the company decided to acquire privately held oil and natural gas producer CrownRock for $12 billion.
Shares of Hasbro Inc. (HAS) were up 0.4% after the company retrenched 1,100 or 20% of its workforce due to weak toy sales in holiday season.
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
Macy's, Inc. (M) : Free Stock Analysis Report
Hasbro, Inc. (HAS) : Free Stock Analysis Report
Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report
Humana Inc. (HUM) : Free Stock Analysis Report
Cigna Group (CI) : 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 The Cigna Group (CI) jumped 16.7% after the company decided to terminate its attempt to acquire competitor Humana Inc. (HUM) owing to price disagreement. Occidental Petroleum Corp.’s (OXY) shares rose 1% after the company decided to acquire privately held oil and natural gas producer CrownRock for $12 billion. 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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Occidental Petroleum Corp.’s (OXY) shares rose 1% after the company decided to acquire privately held oil and natural gas producer CrownRock for $12 billion. Click to get this free report Macy's, Inc. (M) : Free Stock Analysis Report Hasbro, Inc. (HAS) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report Humana Inc. (HUM) : Free Stock Analysis Report Cigna Group (CI) : 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 Corp.’s (OXY) shares rose 1% after the company decided to acquire privately held oil and natural gas producer CrownRock for $12 billion. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. Click to get this free report Macy's, Inc. (M) : Free Stock Analysis Report Hasbro, Inc. (HAS) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report Humana Inc. (HUM) : Free Stock Analysis Report Cigna Group (CI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Occidental Petroleum Corp.’s (OXY) shares rose 1% after the company decided to acquire privately held oil and natural gas producer CrownRock for $12 billion. 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.
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2326f656-2868-4796-8e30-af9e896f9b75
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712666.0
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2023-12-12 00:00:00 UTC
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3 Stocks to Watch as Bitcoin Remains Above the $40k Mark
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-to-watch-as-bitcoin-remains-above-the-%2440k-mark
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nan
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nan
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Over the last couple of days, Bitcoin (BTC) prices have seen a bit of correction after scaling multi-year highs in the last two months. Since October, Bitcoin shares have surged 70%, and a “flash crash” on Sunday evening saw its price dropping nearly 10% in a matter of minutes from the $44,000 level. Currently, with the broader market recovering on optimism over the Fed’s expected monetary policy decisions, it is expected that the price of the benchmark crypto might fall a bit further, settling just below the $40,000 mark.
However, that does not take away from the fact that cryptocurrencies, led by BTC, have had a stellar year and staged a big comeback since the 2021 slump. As of date, the price of Bitcoin has risen more than 151% in 2023, and the recent optimism has been centered around many top investment firms from the traditional marketplace starting to file for U.S. Securities Exchange Commission (“SEC”) approval of their Bitcoin ETFs. Investors are currently anticipating a spot Bitcoin ETF approval by the SEC as early as the first half of 2024. Many believe this could pave the way for a surge in institutional investment in the crypto sector.
Also, with a Bitcoin halving scheduled for April 2024, the price of the crypto behemoth is bound to go up, with the number of mined coins getting slashed in half. It will be safe to infer that the recent drop is a temporary phenomenon, and it might actually be prudent to buy the dip. On cue, we believe the following stocks should be tracked because of their heavy exposure to Bitcoin, and should do well in the months ahead.
Cboe Global Markets, Inc. CBOE is an options exchange marketplace that also engages in the business of digital currency, including Bitcoin. As a digital asset trader, it operates as an exchange and futures marketplace. CBOE’s expected earnings growth rate for the current year is 9.4%. The Zacks Consensus Estimate for its current-year earnings has improved 3.7% over the past 60 days. CBOE currently carries a Zacks Rank #1 (Strong Buy).
Interactive Brokers Group Inc. IBKR is a global automated electronic broker. IBKR executes, processes and trades in cryptocurrencies, which include Bitcoin. IBKR’s expected earnings growth rate is 41.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the past 60 days. IBKR currently carries a Zacks Rank #3 (Hold).
NVIDIA Corporation NVDA is a semiconductor industry giant and one of the biggest success stories of 2023. Being leading designers of graphic processing units (GPUs), Nvidia stocks usually soar with a booming crypto market because GPUs are pivotal for data centers, artificial intelligence and Bitcoin and altcoin mining. NVDA’s expected earnings growth rate for the current year is 268%. The Zacks Consensus Estimate for its current-year earnings has improved 14.4% over the past 60 days. NVDA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank 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
Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Cboe Global Markets, Inc. (CBOE) : 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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Since October, Bitcoin shares have surged 70%, and a “flash crash” on Sunday evening saw its price dropping nearly 10% in a matter of minutes from the $44,000 level. Also, with a Bitcoin halving scheduled for April 2024, the price of the crypto behemoth is bound to go up, with the number of mined coins getting slashed in half. 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 Consensus Estimate for current-year earnings has improved 1.1% over the past 60 days. NVDA currently carries a Zacks Rank #2 (Buy). Click to get this free report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As of date, the price of Bitcoin has risen more than 151% in 2023, and the recent optimism has been centered around many top investment firms from the traditional marketplace starting to file for U.S. Securities Exchange Commission (“SEC”) approval of their Bitcoin ETFs. Cboe Global Markets, Inc. CBOE is an options exchange marketplace that also engages in the business of digital currency, including Bitcoin. Click to get this free report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cboe Global Markets, Inc. CBOE is an options exchange marketplace that also engages in the business of digital currency, including Bitcoin. NVDA currently carries a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research?
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d20fea36-2c98-40d1-a33f-5af42ffe0144
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712667.0
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2023-12-12 00:00:00 UTC
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ParTech Inks Deal With DoorDash To Establish Seamless Ordering Environment
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DCOMP
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https://www.nasdaq.com/articles/partech-inks-deal-with-doordash-to-establish-seamless-ordering-environment
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nan
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nan
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(RTTNews) - Restaurant technology company ParTech, Inc. (PAR) announced it has partnered with on-demand delivery platform DoorDash, Inc. (DASH). This collaboration is dedicated to advancing the restaurant industry by improving operational efficiency and customer satisfaction.
This new partnership addresses the challenge head-on by seamlessly integrating DoorDash with PAR Brink POS, a cloud-based point-of-sale software, and MENU Link, a marketplace order management solution within PAR MENU ecosystem for omnichannel ordering.
The new PAR MENU and PAR Brink POS integration with DoorDash optimizes digital ordering and delivery operations in the U.S.
The integration of PAR's MENU with DoorDash's marketplace capabilities empowers enterprise restaurants by automatically processing orders through PAR Brink POS.
This provides centralized control over menu offerings, dynamic pricing for different channels, store-level information, and sales tracking.
Simultaneously, restaurants can leverage the PAR partner ecosystem to consolidate tech stacks, enabling more efficient operations through a single, integrated platform.
The views and 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) - Restaurant technology company ParTech, Inc. (PAR) announced it has partnered with on-demand delivery platform DoorDash, Inc. (DASH). This provides centralized control over menu offerings, dynamic pricing for different channels, store-level information, and sales tracking. Simultaneously, restaurants can leverage the PAR partner ecosystem to consolidate tech stacks, enabling more efficient operations through a single, integrated platform.
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This new partnership addresses the challenge head-on by seamlessly integrating DoorDash with PAR Brink POS, a cloud-based point-of-sale software, and MENU Link, a marketplace order management solution within PAR MENU ecosystem for omnichannel ordering. The new PAR MENU and PAR Brink POS integration with DoorDash optimizes digital ordering and delivery operations in the U.S. The integration of PAR's MENU with DoorDash's marketplace capabilities empowers enterprise restaurants by automatically processing orders through PAR Brink POS.
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This new partnership addresses the challenge head-on by seamlessly integrating DoorDash with PAR Brink POS, a cloud-based point-of-sale software, and MENU Link, a marketplace order management solution within PAR MENU ecosystem for omnichannel ordering. The new PAR MENU and PAR Brink POS integration with DoorDash optimizes digital ordering and delivery operations in the U.S. The integration of PAR's MENU with DoorDash's marketplace capabilities empowers enterprise restaurants by automatically processing orders through PAR Brink POS.
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(RTTNews) - Restaurant technology company ParTech, Inc. (PAR) announced it has partnered with on-demand delivery platform DoorDash, Inc. (DASH). This collaboration is dedicated to advancing the restaurant industry by improving operational efficiency and customer satisfaction. The new PAR MENU and PAR Brink POS integration with DoorDash optimizes digital ordering and delivery operations in the U.S.
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8dbe44ea-3053-4a1f-85da-985d2caea0aa
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712668.0
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2023-12-12 00:00:00 UTC
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Stock Market News for Dec 12, 2023
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DCOMP
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https://www.nasdaq.com/articles/stock-market-news-for-dec-12-2023
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nan
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nan
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Wall Street closed higher on Monday as market participants are keenly waiting for the outcome of the Fed’s FOMC meeting. Moreover, two key inflation data will be released this week that will also provide light on current economic conditions. All three major stock indexes ended in positive territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) advanced 0.4% or 157.06 points to close at 36,404.93, marking its highest close since Jan 12, 2022. Notably, 22 components of the 30-stock index ended in positive territory, while 8 ended in negative zone.
The tech-heavy Nasdaq Composite finished at 14,470.75, rising 0.2% due to strong performance of large-cap technology stocks. The tech-laden index posted its highest close since Apr 4, 2022.
The major gainer of the tech-laden index was Broadcom Inc. AVGO. The stock price of the company climbed 9%. Broadcom currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The S&P 500 gained 0.4% to finish at 4,622.44, reflecting its highest close since Mar 29, 2022. In intraday trading, the broad-market index reached its 52-week high of 4,623.71. Ten out of 11 broad sectors of the benchmark ended in positive territory while one in negative zone.
The Consumer Staples Select Sector SPDR (XLP), the Industrials Select Sector SPDR (XLI) and the Technology Select Sector SPDR (XLK) rose 1%, 1% and 0.9%, respectively, while the Communication Services Select Sector SPDR (XLC) declined 0.8%.
The fear-gauge CBOE Volatility Index (VIX) was up 2.3% to 12.63. A total of 11.32 billion shares were traded on Monday, higher than the last 20-session average of 10.89 billion. Advancers outnumbered decliners on the NYSE by a 1.2-to-1 ratio. On Nasdaq, a 1.2-to-1 ratio favored declining issues.
Fed’s FOMC Meeting in Focus
The Fed has been conducting its last FOMC meeting of 2023 on Dec 12-13. Most of the market participants are confident that the Fed is through with its current rate hike cycle. The CME FedWatch is currently showing almost 100% probability that the central bank will keep the benchmark interest rate unchanged at 5.25-5.5%. More importantly, the tool is also showing a 45% probability that the central bank will initiate the first rate cut of 25 basis points as early as March 2024.
The Fed raised the benchmark interest rate sharply by 5.25% from March 2022 to November 2023. Despite adopting extreme monetary hardness, the fundamentals of the U.S. economy remain solid. In this regard, market participants are keenly waiting for the Fed Chairman Jerome Powell’s post-FOMC statement to find any clue regarding time line of first rate cut in 2024.
Labor Market Cooling but Not Tumbling
The resilient labor market has been showing signs of cracks over the last four weeks. The weekly jobless claims for the last four weeks remained soft. The Department of Labor reported that job openings totaled a seasonally adjusted 8.73 million for October, a decrease of 617,000 or 6.6% month over month.
On the other hand, the Department of Labor reported that the U.S. economy added 199,000 nonfarm workers in November compared with the consensus estimate of 170,000. The metric for October was 150,000. The unemployment rate fell to 3.7% in November from 3.9% in October. The consensus estimate was also 3.9%.
Expectations of Future Inflation Rate Decline
The University of Michigan reported that Americans expect the inflation rate to cool down to 3.1% next year from 4.5% in November. The metric for December marked the lowest level since March 2021. Expectations of inflation over the next five years fell to 2.8% in December from 3.2% in November. The metric for November was the highest since 2011.
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
Broadcom Inc. (AVGO) : 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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Wall Street closed higher on Monday as market participants are keenly waiting for the outcome of the Fed’s FOMC meeting. More importantly, the tool is also showing a 45% probability that the central bank will initiate the first rate cut of 25 basis points as early as March 2024. 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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All three major stock indexes ended in positive territory. The Consumer Staples Select Sector SPDR (XLP), the Industrials Select Sector SPDR (XLI) and the Technology Select Sector SPDR (XLK) rose 1%, 1% and 0.9%, respectively, while the Communication Services Select Sector SPDR (XLC) declined 0.8%. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Consumer Staples Select Sector SPDR (XLP), the Industrials Select Sector SPDR (XLI) and the Technology Select Sector SPDR (XLK) rose 1%, 1% and 0.9%, respectively, while the Communication Services Select Sector SPDR (XLC) declined 0.8%. Expectations of Future Inflation Rate Decline The University of Michigan reported that Americans expect the inflation rate to cool down to 3.1% next year from 4.5% in November. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months.
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The Fed raised the benchmark interest rate sharply by 5.25% from March 2022 to November 2023. 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." In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months.
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e6805dd6-3965-4ddc-ad44-fc39e00d2afb
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712669.0
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2023-12-12 00:00:00 UTC
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Lawmakers call on U.S. regulator to thwart Kroger-Albertsons deal
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DCOMP
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https://www.nasdaq.com/articles/lawmakers-call-on-u.s.-regulator-to-thwart-kroger-albertsons-deal
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nan
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nan
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By Abigail Summerville
NEW YORK, Dec 12 (Reuters) - Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery chain operator Albertsons by peer Kroger Co KR.N, according to a letter reviewed by Reuters.
Kroger and Albertsons have said they expect to complete their merger by early 2024, once the FTC completes its antitrust review.
Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders and Cory Booker and representatives Summer Lee and Alexandria Ocasio-Cortez said in the letter that Kroger's proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry if the merger is allowed.
The lawmakers are arguing that store divestitures as a remedy to mega mergers often fail to maintain competitive conditions, because companies have an incentive to ensure that the businesses they spin off do not succeed.
C&S, which secured financial backing from SoftBank Group Corp 9984.T for its deal with Kroger, operates primarily as a supplier rather than a grocery-store operator. It currently has around two dozen stores under the Grand Union and Piggly Wiggly brands.
Other lawmakers, including congressmen Greg Landsman, Brian Fitzpatrick and Josh Gottheimer have sent letters to the FTC in support of the deal.
Kroger and Albertsons have said the deal will allow them to better compete with large, non-union players and achieve lower prices. Kroger also said that it will not close any stores, distribution centers or manufacturing facilities or lay off any frontline associates as a result of the merger.
The FTC declined to comment. Kroger and Albertsons did not immediately respond to requests for comment.
(Reporting by Abigail Summerville in New York; Editing by Sharon Singleton)
((abigail.summerville@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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Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders and Cory Booker and representatives Summer Lee and Alexandria Ocasio-Cortez said in the letter that Kroger's proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry if the merger is allowed. The lawmakers are arguing that store divestitures as a remedy to mega mergers often fail to maintain competitive conditions, because companies have an incentive to ensure that the businesses they spin off do not succeed. Other lawmakers, including congressmen Greg Landsman, Brian Fitzpatrick and Josh Gottheimer have sent letters to the FTC in support of the deal.
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By Abigail Summerville NEW YORK, Dec 12 (Reuters) - Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery chain operator Albertsons by peer Kroger Co KR.N, according to a letter reviewed by Reuters. Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders and Cory Booker and representatives Summer Lee and Alexandria Ocasio-Cortez said in the letter that Kroger's proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry if the merger is allowed. (Reporting by Abigail Summerville in New York; Editing by Sharon Singleton) ((abigail.summerville@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 Abigail Summerville NEW YORK, Dec 12 (Reuters) - Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery chain operator Albertsons by peer Kroger Co KR.N, according to a letter reviewed by Reuters. Kroger and Albertsons have said they expect to complete their merger by early 2024, once the FTC completes its antitrust review. Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders and Cory Booker and representatives Summer Lee and Alexandria Ocasio-Cortez said in the letter that Kroger's proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry if the merger is allowed.
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By Abigail Summerville NEW YORK, Dec 12 (Reuters) - Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery chain operator Albertsons by peer Kroger Co KR.N, according to a letter reviewed by Reuters. Kroger and Albertsons have said they expect to complete their merger by early 2024, once the FTC completes its antitrust review. Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders and Cory Booker and representatives Summer Lee and Alexandria Ocasio-Cortez said in the letter that Kroger's proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry if the merger is allowed.
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4d1efdbe-461e-4a1e-86d3-3b532e350a99
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712670.0
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2023-12-12 00:00:00 UTC
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Canada Targets Oil & Gas Emissions, Introduces Framework
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https://www.nasdaq.com/articles/canada-targets-oil-gas-emissions-introduces-framework
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Canada’s Liberal government recently revealed a regulatory framework for capping emissions in the country’s oil and gas sector, aiming to reign in pollution without limiting production. Environment minister Steve Guilbeault highlighted the sector's significant emissions, responsible for 28% of Canada's total.
The framework proposes a 2030 emissions cap at 35-38% below the 2019 levels, culminating in net-zero emissions by 2050. Published now for industry input, the detailed regulations are expected in mid-2024. The suggested blueprint entails a cap-and-trade mechanism, offering flexibility in achieving targets. Emitters can opt to acquire offset credits or contribute to a decarbonization fund, reducing mandatory reductions to 20-23% while being allowed to increase production by 12% from 2019 levels.
Some notable Canadian Oil/Energy firms that could be impacted by the proposed regulatory framework include Suncor Energy SU, Canadian Natural Resources CNQ and Imperial Oil Limited IMO, among others.
Targets Moderated to Avoid Legal Conflicts
The emissions limits set by Canada for its fossil fuel industry, aiming for a 35-38% reduction by 2030, are less aggressive than the initial 42% target. This adjustment, attributed to recent court decisions, seeks to avoid legal conflicts with provinces. The framework's implementation by 2026 considers achievable reductions and aims to balance climate action without jeopardizing production. Provinces like Alberta strongly oppose the plan, viewing it as an intentional attack on their economy and resources.
Provinces Critical of the Plan
Leaders in energy-producing provinces like Alberta and Saskatchewan criticized the emissions cap plan, considering it a threat to their economies. Alberta Premier Danielle Smith sees it as an intentional attack, while Saskatchewan Premier Scott Moe anticipates increased regulations hindering the oil and gas sector. The federal government asserts that the framework aligns with Canada's net-zero 2050 target and invites input. Provinces have voiced concerns about economic impacts and intend to protect their constitutional rights for economic development.
Environmentalists Lukewarm to the Proposal
Environmentalists generally support Canada's emissions cap framework, but concerns arise regarding the timeline, with calls for more rapid implementation. They see the plan positively, citing it as an instance of combining diplomacy with domestic action. While there is unanimity in underscoring the significance of meaningful emissions reduction in the oil and gas sector, climate advocates emphasize the urgency for prompt action.
Canada Bets on a Two-Pronged Approach
Canada's federal government has introduced a dual approach to cut fossil fuel emissions. The framework proposes a 20-23% decrease through technological changes, allowing additional reductions through offsets or a decarbonization fund. Industry critics argue the new regulatory system is overly complex, impacting investment and job losses. The government insists that the approach aims to balance emission cuts without hampering production, aligning with Canada's net-zero goals by 2050.
Companies That Could be Affected
While all Canada-based energy firms will come under the purview of the proposed regulations, we look at three of the biggest names in the space:
Suncor Energy: Founded in 1917, Alberta-based Suncor Energy is Canada's premier integrated energy company. The Zacks Rank #3 (Hold) company’s operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining, and product marketing. SU is one of the largest owners of oil sands in the world.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Canadian Natural Resources: Established in 1973, Canadian Natural Resources Limited is one of the largest independent energy companies in Canada engaged in the exploration, development and production of oil and natural gas. The #1 Ranked company boasts a diversified portfolio of crude oil (heavy as well as light), natural gas, bitumen and synthetic crude oil.
Imperial Oil: Founded in 1880, Imperial Oil Limited is one of the largest integrated oil companies in Canada, mainly engaged in the oil and gas production, petroleum products refining and marketing and chemical business. The Zacks Rank #3 company is Canada’s largest jet fuel supplier and a major producer of asphalt.
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
Suncor Energy Inc. (SU) : Free Stock Analysis Report
Imperial Oil Limited (IMO) : Free Stock Analysis Report
Canadian Natural Resources Limited (CNQ) : 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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Canada’s Liberal government recently revealed a regulatory framework for capping emissions in the country’s oil and gas sector, aiming to reign in pollution without limiting production. Emitters can opt to acquire offset credits or contribute to a decarbonization fund, reducing mandatory reductions to 20-23% while being allowed to increase production by 12% from 2019 levels. While there is unanimity in underscoring the significance of meaningful emissions reduction in the oil and gas sector, climate advocates emphasize the urgency for prompt action.
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Some notable Canadian Oil/Energy firms that could be impacted by the proposed regulatory framework include Suncor Energy SU, Canadian Natural Resources CNQ and Imperial Oil Limited IMO, among others. Imperial Oil: Founded in 1880, Imperial Oil Limited is one of the largest integrated oil companies in Canada, mainly engaged in the oil and gas production, petroleum products refining and marketing and chemical business. Click to get this free report Suncor Energy Inc. (SU) : Free Stock Analysis Report Imperial Oil Limited (IMO) : Free Stock Analysis Report Canadian Natural Resources Limited (CNQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Canadian Natural Resources: Established in 1973, Canadian Natural Resources Limited is one of the largest independent energy companies in Canada engaged in the exploration, development and production of oil and natural gas. Imperial Oil: Founded in 1880, Imperial Oil Limited is one of the largest integrated oil companies in Canada, mainly engaged in the oil and gas production, petroleum products refining and marketing and chemical business. Click to get this free report Suncor Energy Inc. (SU) : Free Stock Analysis Report Imperial Oil Limited (IMO) : Free Stock Analysis Report Canadian Natural Resources Limited (CNQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The framework proposes a 2030 emissions cap at 35-38% below the 2019 levels, culminating in net-zero emissions by 2050. Targets Moderated to Avoid Legal Conflicts The emissions limits set by Canada for its fossil fuel industry, aiming for a 35-38% reduction by 2030, are less aggressive than the initial 42% target. Imperial Oil: Founded in 1880, Imperial Oil Limited is one of the largest integrated oil companies in Canada, mainly engaged in the oil and gas production, petroleum products refining and marketing and chemical business.
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7836ad87-ee40-4020-8761-1569c665ee38
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712671.0
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2023-12-12 00:00:00 UTC
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3 Sector ETFs & Stocks to Bet on November Jobs Data
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https://www.nasdaq.com/articles/3-sector-etfs-stocks-to-bet-on-november-jobs-data
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The November U.S. jobs report showed continued resilience in the labor market. U.S. nonfarm payrolls grew by 199,000 last month, the Labor Department said Friday. That was more than the 190,000 jobs anticipated by economists surveyed by Dow Jones, and better than the October gain of 150,000, per CNBC.
The change in total nonfarm payroll employment for September was revised down by 35,000, from +297,000 to +262,000, and the change for October remained at +150,000. With these revisions, employment in September and October combined is 35,000 lower than previously reported.
The unemployment rate in the United States declined to 3.7% in November of 2023 from 3.9% in the previous month, marking the lowest level since July, and firmly under market expectations that it would remain unchanged at 3.9%.
In November, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.4%, to $34.10. Over the past 12 months, average hourly earnings have increased by 4%. Below, we have highlighted some of the sectors that will likely see smooth trading in the days ahead in light of the November jobs data.
Sectors in Focus
Healthcare
Employment in the healthcare industry increased by 77,000 in jobs, above the average monthly gain of 54,000 over the past one year. Job gains occurred in ambulatory health care services (+36,000), nursing and residential care facilities (+17,000), and hospitals (+24,000).
Health Care Select Sector SPDR ETF XLV can be played to tap the moderate momentum. Community Health Systems CYH, which has a Zacks Rank #3 (Hold) deserves a mention. It is a leading operator of general acute care hospitals and outpatient facilities in communities across the United States.
Manufacturing
In November, employment in manufacturing (+28,000) saw notable growth, reflecting an increase of 30,000 in motor vehicles and parts as workers returned from a strike.
Investors can keep a watch on the price movement of First Trust S-Network Future Vehicles & Technology ETF CARZ. The underlying S-Network Electric & Future Vehicle Ecosystem Index constituents are chosen by selecting the eligible Pure-Play companies in descending order of float-adjusted market capitalization until 100 constituents have been selected.
As far as the stock is concerned, Zacks Rank #2 PACCAR PCAR can be played. It is a leading manufacturer of heavy-duty trucks in the world and has substantial manufacturing exposure to light/medium trucks.
Leisure
Employment in leisure and hospitality rose by 40,000, helped by job creation in food services and drinking places. The industry had gained an average of 51,000 jobs per month over the past one year.
The data makes AdvisorShares Restaurant ETF EATZ a timely investment. The Zacks Rank #2 (Buy) FAT Brands FAT, is a multi-brand, restaurant franchising company. It develops, markets and acquires restaurant. The company primarily operates Fatburger, Buffalo's Cafe, Buffalo's Express and the Ponderosa & Bonanza Steakhouse concepts.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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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
PACCAR Inc. (PCAR) : Free Stock Analysis Report
Community Health Systems, Inc. (CYH) : Free Stock Analysis Report
Health Care Select Sector SPDR ETF (XLV): ETF Research Reports
First Trust S-Network Future Vehicles & Technology ETF (CARZ): ETF Research Reports
FAT Brands Inc. (FAT) : Free Stock Analysis Report
AdvisorShares Restaurant ETF (EATZ): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The unemployment rate in the United States declined to 3.7% in November of 2023 from 3.9% in the previous month, marking the lowest level since July, and firmly under market expectations that it would remain unchanged at 3.9%. Health Care Select Sector SPDR ETF XLV can be played to tap the moderate momentum. Investors can keep a watch on the price movement of First Trust S-Network Future Vehicles & Technology ETF CARZ.
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Health Care Select Sector SPDR ETF XLV can be played to tap the moderate momentum. Investors can keep a watch on the price movement of First Trust S-Network Future Vehicles & Technology ETF CARZ. Click to get this free report PACCAR Inc. (PCAR) : Free Stock Analysis Report Community Health Systems, Inc. (CYH) : Free Stock Analysis Report Health Care Select Sector SPDR ETF (XLV): ETF Research Reports First Trust S-Network Future Vehicles & Technology ETF (CARZ): ETF Research Reports FAT Brands Inc. (FAT) : Free Stock Analysis Report AdvisorShares Restaurant ETF (EATZ): ETF Research Reports To read this article on Zacks.com click here.
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Sectors in Focus Healthcare Employment in the healthcare industry increased by 77,000 in jobs, above the average monthly gain of 54,000 over the past one year. Job gains occurred in ambulatory health care services (+36,000), nursing and residential care facilities (+17,000), and hospitals (+24,000). Click to get this free report PACCAR Inc. (PCAR) : Free Stock Analysis Report Community Health Systems, Inc. (CYH) : Free Stock Analysis Report Health Care Select Sector SPDR ETF (XLV): ETF Research Reports First Trust S-Network Future Vehicles & Technology ETF (CARZ): ETF Research Reports FAT Brands Inc. (FAT) : Free Stock Analysis Report AdvisorShares Restaurant ETF (EATZ): ETF Research Reports To read this article on Zacks.com click here.
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Job gains occurred in ambulatory health care services (+36,000), nursing and residential care facilities (+17,000), and hospitals (+24,000). The industry had gained an average of 51,000 jobs per month over the past one year. Click to get this free report PACCAR Inc. (PCAR) : Free Stock Analysis Report Community Health Systems, Inc. (CYH) : Free Stock Analysis Report Health Care Select Sector SPDR ETF (XLV): ETF Research Reports First Trust S-Network Future Vehicles & Technology ETF (CARZ): ETF Research Reports FAT Brands Inc. (FAT) : Free Stock Analysis Report AdvisorShares Restaurant ETF (EATZ): ETF Research Reports To read this article on Zacks.com click here.
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0319d721-403a-417a-ae41-7344940ccae4
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712672.0
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2023-12-12 00:00:00 UTC
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New Strong Sell Stocks for December 12th
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-12th-0
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Adient ADNT is one of the world’s largest automotive seating suppliers. The Zacks Consensus Estimate for its current year earnings has been revised 19.5% downward over the last 60 days.
Air Transport Services Group ATSG is a leading provider of aircraft leasing, and air cargo transportation and related services, globally. The Zacks Consensus Estimate for its current year earnings has been revised 14.7% downward over the last 60 days.
Anglo American NGLOY is a mining company. The Zacks Consensus Estimate for its current year earnings has been revised almost 12.0% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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
Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report
Adient (ADNT) : Free Stock Analysis Report
Anglo American (NGLOY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Adient ADNT is one of the world’s largest automotive seating suppliers. 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.
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The Zacks Consensus Estimate for its current year earnings has been revised 19.5% downward over the last 60 days. The Zacks Consensus Estimate for its current year earnings has been revised 14.7% downward over the last 60 days. Click to get this free report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report Adient (ADNT) : Free Stock Analysis Report Anglo American (NGLOY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for its current year earnings has been revised 19.5% downward over the last 60 days. The Zacks Consensus Estimate for its current year earnings has been revised 14.7% downward over the last 60 days. Click to get this free report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report Adient (ADNT) : Free Stock Analysis Report Anglo American (NGLOY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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." Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Air Transport Services Group, Inc (ATSG) : Free Stock Analysis Report Adient (ADNT) : Free Stock Analysis Report Anglo American (NGLOY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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c68a5879-cfc1-43c6-a524-4d4258687690
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712673.0
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2023-12-12 00:00:00 UTC
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Rogers Communications To Sell All Subordinate Voting Cogeco Shares For $829 Mln In Cash
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https://www.nasdaq.com/articles/rogers-communications-to-sell-all-subordinate-voting-cogeco-shares-for-%24829-mln-in-cash
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(RTTNews) - Rogers Communications Inc. (RCI), a Canadian telecom company, said that it has agreed to sell all of its subordinate voting shares in Cogeco Inc. (CGO.TO) and Cogeco Communications Inc. (CCA.TO) to Caisse de depot et placement du Quebec, for around $829 million in cash.
The shares will be sold at a price of $46.91 per subordinate voting share of CGO, and $51.40 per subordinate voting share of CCA.
RCI now owns 5,969,390 subordinate voting shares of CGO and 10,687,925 subordinate voting shares of CCA, representing around 42.6 percent of CGO subordinate voting shares, and approximately 37.1 percent of the CCA subordinate voting shares, respectively.
Monday, RCI stock had closed at $45.44, down 0.07 percent on the New York Stock Exchange.
The views and 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) - Rogers Communications Inc. (RCI), a Canadian telecom company, said that it has agreed to sell all of its subordinate voting shares in Cogeco Inc. (CGO.TO) and Cogeco Communications Inc. (CCA.TO) to Caisse de depot et placement du Quebec, for around $829 million in cash. RCI now owns 5,969,390 subordinate voting shares of CGO and 10,687,925 subordinate voting shares of CCA, representing around 42.6 percent of CGO subordinate voting shares, and approximately 37.1 percent of the CCA subordinate voting shares, respectively. The views and 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) - Rogers Communications Inc. (RCI), a Canadian telecom company, said that it has agreed to sell all of its subordinate voting shares in Cogeco Inc. (CGO.TO) and Cogeco Communications Inc. (CCA.TO) to Caisse de depot et placement du Quebec, for around $829 million in cash. The shares will be sold at a price of $46.91 per subordinate voting share of CGO, and $51.40 per subordinate voting share of CCA. RCI now owns 5,969,390 subordinate voting shares of CGO and 10,687,925 subordinate voting shares of CCA, representing around 42.6 percent of CGO subordinate voting shares, and approximately 37.1 percent of the CCA subordinate voting shares, respectively.
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The shares will be sold at a price of $46.91 per subordinate voting share of CGO, and $51.40 per subordinate voting share of CCA. RCI now owns 5,969,390 subordinate voting shares of CGO and 10,687,925 subordinate voting shares of CCA, representing around 42.6 percent of CGO subordinate voting shares, and approximately 37.1 percent of the CCA subordinate voting shares, respectively. The views and 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) - Rogers Communications Inc. (RCI), a Canadian telecom company, said that it has agreed to sell all of its subordinate voting shares in Cogeco Inc. (CGO.TO) and Cogeco Communications Inc. (CCA.TO) to Caisse de depot et placement du Quebec, for around $829 million in cash. The shares will be sold at a price of $46.91 per subordinate voting share of CGO, and $51.40 per subordinate voting share of CCA. RCI now owns 5,969,390 subordinate voting shares of CGO and 10,687,925 subordinate voting shares of CCA, representing around 42.6 percent of CGO subordinate voting shares, and approximately 37.1 percent of the CCA subordinate voting shares, respectively.
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8c477525-6e6d-4bf4-a7d4-b63105b781b7
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712674.0
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2023-12-12 00:00:00 UTC
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Here's 1 Cathie Wood Fintech Stock to Buy Hand Over Fist in December
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DCOMP
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https://www.nasdaq.com/articles/heres-1-cathie-wood-fintech-stock-to-buy-hand-over-fist-in-december
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Ark Invest Chief Executive Officer Cathie Wood is known for taking large positions in emerging technology companies and making bold predictions about how disruptive these businesses will be. When it comes to fintech stocks, Wood's buying patterns are making one thing clear: She really likes SoFi Technologies (NASDAQ: SOFI).
SoFi falls under the category of a neobank. The company doesn't have physical brick-and-mortar locations akin to legacy players such as Wells Fargo. Instead, SoFi operates entirely online. While this digital approach to financial services may seem unconventional, it appears to be working.
Nevertheless, despite consistently solid earnings results, SoFi stock trades at rock-bottom levels. Let's dig into the company's operation and assess why the stock may be experiencing some depressed pricing action. Moreover, a thorough valuation analysis might suggest that Wood is on to something and that scooping up shares before 2024 could be a savvy move.
A strong operation with one noticeable blemish
SoFi offers its users many of the same services you'd find at other banks. The company specializes in loans to businesses and students, and it also has a budding mortgage platform. SoFi also has financial services, including the ability to invest in stocks and crypto directly from its app. By building such a vast library of products and services, SoFi is essentially trying to construct a flywheel business model. In other words, users who come to SoFi for one service -- say, a loan -- may find that they end up using other products on the app instead of turning to alternative financial institutions. By doing so, SoFi is theoretically able to generate strong customer lifetime value. While this business model makes sense, is it actually working?
For the quarter ended Sept. 30, SoFi boasted 7 million members on its platform, up 47% year over year. Moreover, the company disclosed that more than 10.4 million products are being used on SoFi -- implying that each member is using 1.5 services on average. The growth in its customer base and the obvious cross-selling translated into total revenue of $537 million during the third quarter, up 27% year over year.
On the surface, it appears that SoFi's business model is working. But there's one not-so-small blemish: SoFi isn't profitable. For the quarter ended Sept. 30, the company reported a net loss of $267 million. But as I wrote previously, taking the financial statements at face value can be deceiving. During the third quarter, SoFi incurred a goodwill impairment charge of $247 million. After backing this out of the equation, investors can see that the company really only burned about $20 million -- much better than the year ago period's net loss of $74 million.
Nonetheless, these trends show that even though the company has demonstrated that its product is in demand, SoFi has failed to show investors that the business model is a profitable operation.
Image source: Getty Images.
Will SoFi ever be profitable?
When doing due diligence on a company, one of the most helpful things investors can do is listen to earnings calls. This is when management teams reveal the themes influencing the business. From macroeconomic variables to more internal data points, earnings calls can be a terrific learning opportunity when studying a business.
Although many investors probably soured on SoFi after looking at the company's reported net loss, management's commentary gave me, as a shareholder, some reasons to be excited. During theearnings call SoFi CEO Anthony Noto said, "We remain well on track for GAAP profitability for the overall company by Q4 and in the years that follow."
There it is. Noto is making it more clear than ever that SoFi is on the brink of consistent net profitability, without leaving out any of the inconvenient costs required in generally accepted accounting principles (GAAP) net income calculations. Should this come to fruition, SoFi stock could see some new life.
Should you invest in SoFi stock?
Image source: author.
Investors should zoom out and think about the big picture here. SoFi is trying to modernize banking and financial services by bringing a tech-enabled approach to the table. To do so successfully, SoFi needed to acquire a critical mass. Doing that costs a lot of money, especially when it's competing with bigger players that consumers are accustomed to using. For that reason, while SoFi's membership growth is impressive, the company has been required to invest heavily in sales and marketing. Moreover, building additional products and services into its app has proved costly. But after years of investing in the business, some long-awaited profits appear to be right around the corner.
Data source: YCharts
But with that said, SoFi stock trades at a price-to-book (P/B) multiple of just 1.5. Not only is that below the company's long-run average, but I'd argue that it's quite misleading. Price-to-book value is typically a good valuation metric to use when assessing banks. However, I see SoFi as much more than a regular bank and think of it more as a technology company.
I think now could be a lucrative time to open a position in SoFi stock. Should Noto's comments prove true, the company could report its first profit as a public company during Q4 earnings in early 2024. That could very well result in some renewed interest in the stock. With the shares trading below long-run averages and consistent profit within reach, now could be an amazing time to buy the dip.
Should you invest $1,000 in SoFi Technologies right now?
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Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Adam Spatacco has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ark Invest Chief Executive Officer Cathie Wood is known for taking large positions in emerging technology companies and making bold predictions about how disruptive these businesses will be. In other words, users who come to SoFi for one service -- say, a loan -- may find that they end up using other products on the app instead of turning to alternative financial institutions. During theearnings call SoFi CEO Anthony Noto said, "We remain well on track for GAAP profitability for the overall company by Q4 and in the years that follow."
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When it comes to fintech stocks, Wood's buying patterns are making one thing clear: She really likes SoFi Technologies (NASDAQ: SOFI). Nevertheless, despite consistently solid earnings results, SoFi stock trades at rock-bottom levels. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them.
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When it comes to fintech stocks, Wood's buying patterns are making one thing clear: She really likes SoFi Technologies (NASDAQ: SOFI). Nonetheless, these trends show that even though the company has demonstrated that its product is in demand, SoFi has failed to show investors that the business model is a profitable operation. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them.
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For the quarter ended Sept. 30, SoFi boasted 7 million members on its platform, up 47% year over year. Should you invest in SoFi stock? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them.
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b2c74647-0b1b-4402-9fd9-4b35900fd9ff
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712675.0
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2023-12-12 00:00:00 UTC
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What's in Store for Nasdaq in 2024? 5 Top Picks
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DCOMP
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https://www.nasdaq.com/articles/whats-in-store-for-nasdaq-in-2024-5-top-picks
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nan
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nan
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After a solid 2023, investors’ biggest question is whether the stock market rally will continue next year. So far, Wall Street analysts have come up with varied views on the S&P 500, indicating moderate upside (which translates into a record high, too) for the key U.S. equity gauge next year. Now, the question is what’s in store for the Nasdaq Composite in 2024. Let’s find out.
The Nasdaq Composite has surged a massive 40% this year, mainly buoyed by the tech rally. The tech rally in 2023 was led by a massive thrust toward artificial intelligence (AI), especially generative AI. The rapid penetration of digitization during the lockdown ushered in a significant adoption of AI. Moreover, a resilient consumer base has boosted consumer stocks, too, in 2023, pushing the index to a great height.
We expect the index to log gains even in 2024, although the quantum of gains will likely be less than this year. Against this backdrop, top-ranked Nasdaq stocks, including GigaCloud Technology Inc. GCT, Carrols Restaurant Group TAST, Limbach LMB, Amphastar Pharmaceuticals AMPH and Insight Enterprises Inc. NSIT could emerge as winning picks.
Inside the Nasdaq Composite Index
The technology sector accounts for more than 55% of the index with 457 constituents. Consumer Discretionary comes second with 18.75% exposure and 458 stocks. Health Care takes about 7.87% of the index with 1044 stocks, followed by Industrials, which occupies 4.65% of the index (with 351 stocks).
The index’s top weight of 12.53% goes to Apple, followed by Microsoft (10.98% weight), Amazon (6.14% weight) and Nvidia (5.03%). The top-10 holdings of the index take about 50% of the basket (As of Sep 29, 2023).
Factors That Should Boost Nasdaq in 2024
Below we highlight several factors that should boost the Nasdaq in 2024.
A Less-Hawkish or Dovish Fed in 2024
The latest datapoints indicate that inflation is on the decline. This may lead to a less hawkish Fed in the near term. Market indicators showed about a 98.4% probability that the Federal Reserve would keep interest rates unchanged at 525-550 bps in December, as reflected in data from the CME Group. There is even a 45.6% chance of a 25-bp rate cut by March 2024.
Since the Nasdaq is a growth index and fares better in a low-rate environment, the index has every reason to hit further highs. Moreover, with the Fed being less-hawkish, the participation in the stock market is broadening out, which is a key tailwind for the sustenance of the bull market.
AI Boom Here to Stay
The year 2023 was crucial in the AI industry, characterized by dynamic company moves, groundbreaking initiatives, major product launches, substantial investments and strategic acquisitions. And a wider spread of AI among consumers is expected next year. Bob O’Donnell, president of TECHnalysis, believes 2024 will be pivotal for AI, integrating it into daily tools like PCs, smartphones and multimedia platforms, as quoted in a Yahoo Finance article.
Companies like Google, Microsoft and Amazon have introduced significant updates to their AI services lately. The year 2024 is likely to witness the launch of AI-equipped PCs and other devices, moving some cloud-based AI processes to local devices.
Apple to Hit $4 Trillion Market Cap?
Wedbush analyst Daniel Ives recently predicted that Apple will become the first $4 trillion company in 2024. This optimistic outlook arises from the likely pace of growth and monetization at the company in the coming year, as quoted on investing.com. The analyst foresees a robust holiday season for Apple, projecting iPhone growth to outperform expectations in the December quarter.
Strong upgrade activity in the United States and China is expected to contribute to this positive trend. As Apple is the key holding of the Nasdaq, such a milestone, if hit, would benefit the Nasdaq.
Biotech Stocks to Rebound in 2024?
The Nasdaq has solid exposure to the biotech space. Biotech stocks have staged a rebound lately and are being lifted by M&A activities. Novel drug launches, low rates and easy access to funds should buoy the zone in 2024.
Stock Picks
Below we highlight five stocks from the Nasdaq that have solid upside left for 2024. These stocks have witnessed positive earnings estimate revisions for the upcoming quarter in the last 30 days. Each of our picks carries a Zacks Rank #1 (Strong Buy) and has an has an upbeat VGM Score "A".
GigaCloud Technology Inc. (GCT)
GigaCloud Technology Inc. is a pioneer of global end-to-end B2B e-commerce solutions for large parcel merchandise. The stock has seen 61.11% positive earnings estimate revisions for the upcoming quarter in the last 30 days. GCT hails from a top-ranked Zacks sector (top 31%) and industry (top 37%).
Carrols Restaurant Group (TAST)
Carrols Restaurant Group is the largest BURGER KING franchisee in the United States, with over 800 restaurants. The stock has witnessed 33.33% positive earnings estimate revisions for the upcoming quarter in the last 30 days. The stock belongs to a top-ranked Zacks sector (top 50%) and industry (top 27%).
Limbach (LMB)
Limbach Holdings, Inc. provides building systems. The company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. The stock has witnessed 21.21% positive earnings estimate revisions for the upcoming quarter in the last 30 days. The stock comes from a top-ranked Zacks sector (top 31%) and industry (top 1%).
Amphastar Pharmaceuticals (AMPH)
Amphastar Pharmaceuticals is a specialty pharmaceutical company. It focuses primarily on developing, manufacturing, marketing, and selling generic and proprietary injectable and inhalation products. The stock has seen 15.49% positive earnings estimate revisions for the upcoming quarter in the last 30 days. The stock hails from a top-ranked Zacks sector (top 19%) and industry (top 18%).
Insight Enterprises Inc. (NSIT)
Insight Enterprises Inc., is a global direct marketer of brand name computers, hardware and software. It is an Arizona-based publicly traded global technology company that focuses on business-to-business and information technology capabilities. The stock has witnessed 9.25% positive earnings estimate revisions for the upcoming quarter in the last 30 days. The stock comes from a top-ranked Zacks sector (top 50%) and industry (top 1%).
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
Amphastar Pharmaceuticals, Inc. (AMPH) : Free Stock Analysis Report
Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report
Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report
Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report
GigaCloud Technology Inc. (GCT) : 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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So far, Wall Street analysts have come up with varied views on the S&P 500, indicating moderate upside (which translates into a record high, too) for the key U.S. equity gauge next year. Against this backdrop, top-ranked Nasdaq stocks, including GigaCloud Technology Inc. GCT, Carrols Restaurant Group TAST, Limbach LMB, Amphastar Pharmaceuticals AMPH and Insight Enterprises Inc. NSIT could emerge as winning picks. Bob O’Donnell, president of TECHnalysis, believes 2024 will be pivotal for AI, integrating it into daily tools like PCs, smartphones and multimedia platforms, as quoted in a Yahoo Finance article.
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Against this backdrop, top-ranked Nasdaq stocks, including GigaCloud Technology Inc. GCT, Carrols Restaurant Group TAST, Limbach LMB, Amphastar Pharmaceuticals AMPH and Insight Enterprises Inc. NSIT could emerge as winning picks. Carrols Restaurant Group (TAST) Carrols Restaurant Group is the largest BURGER KING franchisee in the United States, with over 800 restaurants. Click to get this free report Amphastar Pharmaceuticals, Inc. (AMPH) : Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Against this backdrop, top-ranked Nasdaq stocks, including GigaCloud Technology Inc. GCT, Carrols Restaurant Group TAST, Limbach LMB, Amphastar Pharmaceuticals AMPH and Insight Enterprises Inc. NSIT could emerge as winning picks. Health Care takes about 7.87% of the index with 1044 stocks, followed by Industrials, which occupies 4.65% of the index (with 351 stocks). Click to get this free report Amphastar Pharmaceuticals, Inc. (AMPH) : Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Against this backdrop, top-ranked Nasdaq stocks, including GigaCloud Technology Inc. GCT, Carrols Restaurant Group TAST, Limbach LMB, Amphastar Pharmaceuticals AMPH and Insight Enterprises Inc. NSIT could emerge as winning picks. Inside the Nasdaq Composite Index The technology sector accounts for more than 55% of the index with 457 constituents. As Apple is the key holding of the Nasdaq, such a milestone, if hit, would benefit the Nasdaq.
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5aee3b2b-2d1b-4450-9129-7a5d069f8e95
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712676.0
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2023-12-12 00:00:00 UTC
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Top 5 Consumer Staples Stocks for a Stable Portfolio in 2024
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DCOMP
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https://www.nasdaq.com/articles/top-5-consumer-staples-stocks-for-a-stable-portfolio-in-2024
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nan
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nan
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U.S. stock markets have witnessed an impressive rally in 2023 after a highly disappointing 2022. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have surged 9.4%, 19.9% and 37.6%, respectively.
Most of the market participants are confident that the Fed is through with its current rate hike cycle buoyed by a steadily declining inflation rate, cooling down of several key economic data and a slowdown in the resilient labor market.
Despite these positives, we should remain watchful since any external disturbances like geopolitical conflict or oil price fluctuation may create volatility in markets. Moreover, we are not out of the woods, as inflation is still highly elevated.
At this stage, investment in defensive stocks like consumer staples to stabilize your portfolio in 2024 should become a prudent strategy.
Consumer Staples Immune to the Vagaries of Economic Cycle
The consumer staples sector is mature and fundamentally strong as demand for such services is generally immune to the changes in the economic cycle. The consumer staples sector includes companies that provide necessities and products for daily use. This makes the sector defensive in nature.
Therefore, this has always been a go-to place for investors, who want to play it safe during extreme market fluctuations irrespective of internal or external disturbances. Moreover, the sector is known for the stability and visibility of its earnings and cash flows. Consequently, adding stocks from the consumer staples basket lends more stability to portfolios.
Our Top Picks
We have narrowed our search to five consumer staples stocks with strong growth potential for 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks in the past three months.
Image Source: Zacks Investment Research
e.l.f. Beauty Inc. ELF provides cosmetic and skin care products worldwide under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brands. ELF offers eye, lip, face, face, paw, and skin care products. ELF sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
Zacks Rank #1 e.l.f. Beauty has an expected revenue and earnings growth rate of 57.8% and 61.5%, respectively, for the current year (ending March 2024). The Zacks Consensus Estimate for current-year earnings has improved 9.8% over the last 60 days.
Molson Coors Beverage Co. TAP has been benefiting from brand strength, and strong performances across its portfolio and both business units. TAP raised the 2023 view mainly due to the recovery in the U.S. beer category, stronger-than-expected brand volume growth and better-than-expected pricing across the global markets. Also, TAP’s revitalization plan and the premiumization of the global portfolio bode well.
Zacks Rank #1 Molson Coors Beverage has an expected revenue and earnings growth rate of 0.5% and 2.6%, respectively, for next year. The Zacks Consensus Estimate for next-year earnings has improved 0.2% over the last 60 days.
Celsius Holdings Inc. CELH specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. CELH markets Celsius, the calorie burner, through its wholly-owned operating subsidiary, Celsius sells its products through grocery, drug, convenience, club and mass, and health and fitness channels.
Zacks Rank #2 Celsius Holdings has an expected revenue and earnings growth rate of 39.4% and 28.5%, respectively, for next year. The Zacks Consensus Estimate for next-year earnings has improved 4.3% over the last 30 days.
The Procter & Gamble Co. PG has been gaining from robust pricing and a favorable mix, along with strength across segments. PG is focused on productivity and cost-saving plans to boost margins. This led to the top and bottom lines beating the consensus mark for the fourth consecutive quarter in the fourth quarter of fiscal 2023.
Consequently, PG has provided an optimistic view for fiscal 2024. PG anticipates year-over-year all-in sales growth of 3-4% for fiscal 2024, in-line with our estimate of 3.6% growth. PG’s continued investment in the business alongside its efforts to offset macro cost headwinds and balance top and bottom-line growth underscores its productivity efforts.
Zacks Rank #2 Procter & Gamble has an expected revenue and earnings growth rate of 4% and 8.8%, respectively, for the current year (ending June 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the last 60 days.
The Kraft Heinz Co. KHC is gaining on solid pricing initiatives. This was seen in second-quarter 2023, wherein the top and the bottom lines rose year over year. KHC’s sales grew in the North America and International regions and results continued to gain from strength in the foodservice, emerging markets and U.S. Retail Grow platforms. KHC is on track with AGILE@SCALE to enhance shareholders' value. We expect net sales growth of 2%, with an organic sales increase of 4% in 2023.
Zacks Rank #2 Kraft Heinz has an expected revenue and earnings growth rate of 0.7% and 1.5%, respectively, for next year. The Zacks Consensus Estimate for next-year earnings has improved 0.3% over the last 30 days.
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
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
Molson Coors Beverage Company (TAP) : Free Stock Analysis Report
Kraft Heinz Company (KHC) : Free Stock Analysis Report
e.l.f. Beauty (ELF) : Free Stock Analysis Report
Celsius Holdings Inc. (CELH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite these positives, we should remain watchful since any external disturbances like geopolitical conflict or oil price fluctuation may create volatility in markets. TAP raised the 2023 view mainly due to the recovery in the U.S. beer category, stronger-than-expected brand volume growth and better-than-expected pricing across the global markets. KHC’s sales grew in the North America and International regions and results continued to gain from strength in the foodservice, emerging markets and U.S. Retail Grow platforms.
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Zacks Rank #1 Molson Coors Beverage has an expected revenue and earnings growth rate of 0.5% and 2.6%, respectively, for next year. Click to get this free report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Molson Coors Beverage Company (TAP) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report e.l.f. Beauty (ELF) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Rank #1 Molson Coors Beverage has an expected revenue and earnings growth rate of 0.5% and 2.6%, respectively, for next year. Click to get this free report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Molson Coors Beverage Company (TAP) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report e.l.f. Beauty (ELF) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Beauty Inc. ELF provides cosmetic and skin care products worldwide under the e.l.f. Zacks Rank #1 Molson Coors Beverage has an expected revenue and earnings growth rate of 0.5% and 2.6%, respectively, for next year. Zacks Rank #2 Celsius Holdings has an expected revenue and earnings growth rate of 39.4% and 28.5%, respectively, for next year.
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5c40e345-64bd-485b-baca-ee020b6eb16f
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712677.0
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2023-12-12 00:00:00 UTC
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XLP, AMOM: Big ETF Outflows
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DCOMP
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https://www.nasdaq.com/articles/xlp-amom%3A-big-etf-outflows
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Consumer Staples Select Sector SPDR Fund, where 5,850,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble is off about 0.9%, and Costco Wholesale is lower by about 1.3%.
And on a percentage change basis, the ETF with the biggest outflow was the AMOM ETF, which lost 200,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior.
VIDEO: XLP, AMOM: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XLP, in morning trading today Procter & Gamble is off about 0.9%, and Costco Wholesale is lower by about 1.3%. And on a percentage change basis, the ETF with the biggest outflow was the AMOM ETF, which lost 200,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior. VIDEO: XLP, AMOM: Big ETF Outflows The views and 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 units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Consumer Staples Select Sector SPDR Fund, where 5,850,000 units were destroyed, or a 2.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the AMOM ETF, which lost 200,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior. VIDEO: XLP, AMOM: Big ETF Outflows The views and 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 units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Consumer Staples Select Sector SPDR Fund, where 5,850,000 units were destroyed, or a 2.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the AMOM ETF, which lost 200,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior. VIDEO: XLP, AMOM: Big ETF Outflows The views and 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 units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Consumer Staples Select Sector SPDR Fund, where 5,850,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble is off about 0.9%, and Costco Wholesale is lower by about 1.3%. And on a percentage change basis, the ETF with the biggest outflow was the AMOM ETF, which lost 200,000 of its units, representing a 30.8% decline in outstanding units compared to the week prior.
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a6b7c154-4a3f-48f1-9ea5-b8f08e762d57
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712678.0
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2023-12-12 00:00:00 UTC
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Thursday 12/14 Insider Buying Report: LSAK, OABI
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DCOMP
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https://www.nasdaq.com/articles/thursday-12-14-insider-buying-report%3A-lsak-oabi
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nan
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Tuesday, Lesaka Technologies' Director, Ali Mazanderani, made a $1.06M purchase of LSAK, buying 322,476 shares at a cost of $3.30 a piece. So far Mazanderani is in the green, up about 7.3% on their buy based on today's trading high of $3.54. Lesaka Technologies is trading up about 7.4% on the day Thursday.
And at OmniAb, there was insider buying on Tuesday, by Chief Executive Officer Matthew W. Foehr who purchased 200,000 shares for a cost of $5.05 each, for a trade totaling $1.01M. Before this latest buy, Foehr purchased OABI at 2 other times during the past year, for a total cost of $925,317 at an average of $4.41 per share. OmniAb is trading up about 3.1% on the day Thursday. So far Foehr is in the green, up about 10.7% on their purchase based on today's trading high of $5.59.
VIDEO: Thursday 12/14 Insider Buying Report: LSAK, OABI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Tuesday, Lesaka Technologies' Director, Ali Mazanderani, made a $1.06M purchase of LSAK, buying 322,476 shares at a cost of $3.30 a piece. And at OmniAb, there was insider buying on Tuesday, by Chief Executive Officer Matthew W. Foehr who purchased 200,000 shares for a cost of $5.05 each, for a trade totaling $1.01M. Before this latest buy, Foehr purchased OABI at 2 other times during the past year, for a total cost of $925,317 at an average of $4.41 per share.
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On Tuesday, Lesaka Technologies' Director, Ali Mazanderani, made a $1.06M purchase of LSAK, buying 322,476 shares at a cost of $3.30 a piece. So far Mazanderani is in the green, up about 7.3% on their buy based on today's trading high of $3.54. VIDEO: Thursday 12/14 Insider Buying Report: LSAK, OABI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. On Tuesday, Lesaka Technologies' Director, Ali Mazanderani, made a $1.06M purchase of LSAK, buying 322,476 shares at a cost of $3.30 a piece. And at OmniAb, there was insider buying on Tuesday, by Chief Executive Officer Matthew W. Foehr who purchased 200,000 shares for a cost of $5.05 each, for a trade totaling $1.01M.
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On Tuesday, Lesaka Technologies' Director, Ali Mazanderani, made a $1.06M purchase of LSAK, buying 322,476 shares at a cost of $3.30 a piece. So far Mazanderani is in the green, up about 7.3% on their buy based on today's trading high of $3.54. And at OmniAb, there was insider buying on Tuesday, by Chief Executive Officer Matthew W. Foehr who purchased 200,000 shares for a cost of $5.05 each, for a trade totaling $1.01M.
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3a9ba42f-9c8f-4342-88fd-23e1742eb8ed
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712679.0
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2023-12-12 00:00:00 UTC
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Thursday Sector Leaders: General Contractors & Builders, Auto Dealerships
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DCOMP
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https://www.nasdaq.com/articles/thursday-sector-leaders%3A-general-contractors-builders-auto-dealerships-0
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nan
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nan
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In trading on Thursday, general contractors & builders shares were relative leaders, up on the day by about 5.6%. Leading the group were shares of TopBuild, up about 10% and shares of Dream Finders Homes up about 8.6% on the day.
Also showing relative strength are auto dealerships shares, up on the day by about 5.5% as a group, led by Carvana, trading up by about 18.9% and America's Car-Mart, trading up by about 9.9% on Thursday.
VIDEO: Thursday Sector Leaders: General Contractors & Builders, Auto Dealerships
The views and 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, general contractors & builders shares were relative leaders, up on the day by about 5.6%. Also showing relative strength are auto dealerships shares, up on the day by about 5.5% as a group, led by Carvana, trading up by about 18.9% and America's Car-Mart, trading up by about 9.9% on Thursday. VIDEO: Thursday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and 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, general contractors & builders shares were relative leaders, up on the day by about 5.6%. Also showing relative strength are auto dealerships shares, up on the day by about 5.5% as a group, led by Carvana, trading up by about 18.9% and America's Car-Mart, trading up by about 9.9% on Thursday. VIDEO: Thursday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and 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, general contractors & builders shares were relative leaders, up on the day by about 5.6%. Also showing relative strength are auto dealerships shares, up on the day by about 5.5% as a group, led by Carvana, trading up by about 18.9% and America's Car-Mart, trading up by about 9.9% on Thursday. VIDEO: Thursday Sector Leaders: General Contractors & Builders, Auto Dealerships The views and 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, general contractors & builders shares were relative leaders, up on the day by about 5.6%. Leading the group were shares of TopBuild, up about 10% and shares of Dream Finders Homes up about 8.6% on the day. Also showing relative strength are auto dealerships shares, up on the day by about 5.5% as a group, led by Carvana, trading up by about 18.9% and America's Car-Mart, trading up by about 9.9% on Thursday.
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7e5cf25f-059c-4fcc-a072-52ac05940ad6
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712680.0
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2023-12-12 00:00:00 UTC
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Energy Sector Update for 12/14/2023: SHEL, EQNR, WDS, SDRL
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DCOMP
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https://www.nasdaq.com/articles/energy-sector-update-for-12-14-2023%3A-shel-eqnr-wds-sdrl
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nan
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nan
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Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index adding 2.5% and the Energy Select Sector SPDR Fund (XLE) gaining 2.8%.
The Philadelphia Oil Service Sector index jumped 4%, while the Dow Jones US Utilities index fell 0.9%.
Global demand for oil is continuing to slow, the International Energy Agency said Thursday, a day after the Organization of the Petroleum Exporting Countries left its oil consumption forecasts unchanged. World oil demand growth for 2023 was lowered by 90,000 barrels a day to 2.3 million barrels, the IEA said in its December market report. Next year, growth "is expected to ease significantly" to 1.1 million barrels a day, the agency said.
West Texas Intermediate crude jumped 4.1% to $72.32 a barrel, while global benchmark Brent was advancing 4% to $77.24 per barrel.
US natural-gas stocks declined 55 billion cubic feet in the week ended Dec. 8, as expected in a survey compiled by Bloomberg and following a decrease of 117 billion cubic feet in the previous week.
Henry Hub natural gas futures rose 0.9% to $2.36 per 1 million BTU.
In corporate news, Shell (SHEL) agreed to sell its 30% stake in the Linnorm gas discovery in the Norwegian Sea to Equinor (EQNR). Shell rose 2%, and Equinor gained 2.3%.
Seadrill (SDRL) said Leif Nelson will step down as chief operating and technology officer due to organizational changes. The company's shares jumped 6.2%.
Woodside Energy (WDS) and Santos' proposed AU$80 billion ($52 billion) merger is unlikely to be agreed on until February at the earliest, Reuters reported Thursday. Woodside shares rose 1.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Next year, growth "is expected to ease significantly" to 1.1 million barrels a day, the agency said. In corporate news, Shell (SHEL) agreed to sell its 30% stake in the Linnorm gas discovery in the Norwegian Sea to Equinor (EQNR). Seadrill (SDRL) said Leif Nelson will step down as chief operating and technology officer due to organizational changes.
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Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index adding 2.5% and the Energy Select Sector SPDR Fund (XLE) gaining 2.8%. The Philadelphia Oil Service Sector index jumped 4%, while the Dow Jones US Utilities index fell 0.9%. US natural-gas stocks declined 55 billion cubic feet in the week ended Dec. 8, as expected in a survey compiled by Bloomberg and following a decrease of 117 billion cubic feet in the previous week.
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Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index adding 2.5% and the Energy Select Sector SPDR Fund (XLE) gaining 2.8%. Global demand for oil is continuing to slow, the International Energy Agency said Thursday, a day after the Organization of the Petroleum Exporting Countries left its oil consumption forecasts unchanged. World oil demand growth for 2023 was lowered by 90,000 barrels a day to 2.3 million barrels, the IEA said in its December market report.
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Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index adding 2.5% and the Energy Select Sector SPDR Fund (XLE) gaining 2.8%. Shell rose 2%, and Equinor gained 2.3%. Woodside shares rose 1.9%.
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131b7a3a-9e94-44f9-9e58-ec07ca1e974b
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712681.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: EMN, SAVE, UPS
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-emn-save-ups
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eastman Chemical Co (Symbol: EMN), where a total volume of 8,480 contracts has been traded thus far today, a contract volume which is representative of approximately 848,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 90.6% of EMN's average daily trading volume over the past month, of 936,305 shares. Particularly high volume was seen for the $80 strike call option expiring December 15, 2023, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of EMN. Below is a chart showing EMN's trailing twelve month trading history, with the $80 strike highlighted in orange:
Spirit Airlines Inc (Symbol: SAVE) saw options trading volume of 59,790 contracts, representing approximately 6.0 million underlying shares or approximately 89.7% of SAVE's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $20 strike call option expiring January 19, 2024, with 8,407 contracts trading so far today, representing approximately 840,700 underlying shares of SAVE. Below is a chart showing SAVE's trailing twelve month trading history, with the $20 strike highlighted in orange:
And United Parcel Service Inc (Symbol: UPS) options are showing a volume of 29,245 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 87.6% of UPS's average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $165 strike call option expiring January 19, 2024, with 2,636 contracts trading so far today, representing approximately 263,600 underlying shares of UPS. Below is a chart showing UPS's trailing twelve month trading history, with the $165 strike highlighted in orange:
For the various different available expirations for EMN options, SAVE options, or UPS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
PSTH Videos
EE Dividend Growth Rate
CTHR 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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Particularly high volume was seen for the $80 strike call option expiring December 15, 2023, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of EMN. Especially high volume was seen for the $20 strike call option expiring January 19, 2024, with 8,407 contracts trading so far today, representing approximately 840,700 underlying shares of SAVE. Particularly high volume was seen for the $165 strike call option expiring January 19, 2024, with 2,636 contracts trading so far today, representing approximately 263,600 underlying shares of UPS.
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Below is a chart showing EMN's trailing twelve month trading history, with the $80 strike highlighted in orange: Spirit Airlines Inc (Symbol: SAVE) saw options trading volume of 59,790 contracts, representing approximately 6.0 million underlying shares or approximately 89.7% of SAVE's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $20 strike call option expiring January 19, 2024, with 8,407 contracts trading so far today, representing approximately 840,700 underlying shares of SAVE. Particularly high volume was seen for the $165 strike call option expiring January 19, 2024, with 2,636 contracts trading so far today, representing approximately 263,600 underlying shares of UPS.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eastman Chemical Co (Symbol: EMN), where a total volume of 8,480 contracts has been traded thus far today, a contract volume which is representative of approximately 848,000 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing EMN's trailing twelve month trading history, with the $80 strike highlighted in orange: Spirit Airlines Inc (Symbol: SAVE) saw options trading volume of 59,790 contracts, representing approximately 6.0 million underlying shares or approximately 89.7% of SAVE's average daily trading volume over the past month, of 6.7 million shares. Particularly high volume was seen for the $165 strike call option expiring January 19, 2024, with 2,636 contracts trading so far today, representing approximately 263,600 underlying shares of UPS.
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Particularly high volume was seen for the $80 strike call option expiring December 15, 2023, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of EMN. Below is a chart showing EMN's trailing twelve month trading history, with the $80 strike highlighted in orange: Spirit Airlines Inc (Symbol: SAVE) saw options trading volume of 59,790 contracts, representing approximately 6.0 million underlying shares or approximately 89.7% of SAVE's average daily trading volume over the past month, of 6.7 million shares. Below is a chart showing UPS's trailing twelve month trading history, with the $165 strike highlighted in orange: For the various different available expirations for EMN options, SAVE options, or UPS options, visit StockOptionsChannel.com.
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a05990c1-b1f2-4815-9722-8fb43cceea5e
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712682.0
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2023-12-12 00:00:00 UTC
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White House asks employees to travel by train, EVs when possible
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DCOMP
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https://www.nasdaq.com/articles/white-house-asks-employees-to-travel-by-train-evs-when-possible
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nan
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By David Shepardson
WASHINGTON, Dec 14 (Reuters) - U.S. federal employees should rent electric vehicles and opt for rail trips when feasible on government travel to sharply reduce emissions, the White House said on Thursday.
In 2022, U.S. government employees spent $2.8 billion on official travel, taking more than 2.8 million flights, 2.3 million vehicle rentals and 33,000 rail trips. Federal travel accounts for 1.8% of federal greenhouse gas emissions, the White House said.
"The federal government will save taxpayers money, reduce emissions, strengthen our growing electric vehicle industry and create good-paying union jobs," said White House Council on Environmental Quality chair Brenda Mallory.
Biden in December 2021 issued an executive order directing the government to stop purchasing gas-powered vehicles by 2035 and said all light-duty federal acquisitions by 2027 should be electric or plug-in hybrid vehicles (PHEV).
The White House said on Friday the federal government has acquired over 14,000 zero emission vehicles and installed 5,500 charging ports to date. General Services Administration Robin Carnahan said 19% of vehicles it purchased for government fleets this year are EVs -- up from 1% in 2021. "We're making steady progress.
The U.S. government owns more than 650,000 vehicles and purchases about 50,000 annually.
Federal employees in a directive on Thursday were told to rent EVs on official travel when costs are less or equal to comparable gas-powered vehicles and charging is accessible.
They must use rail for trips less than 250 miles (402 km)when cost-effective and feasible rather airplane. It also directs federal employees to avoid taking private vehicles for official travel.
Government employees should also opt for electric vehicle Lyft LYFT.O, Uber UBER.N or taxi rides if available and increasing public transit use.
The memo also said the Biden administration plans to develop a sustainable aviation strategic plan including requiring airlines to submit information on fuel and operational efficiency initiatives, including sustainable aviation fuel investments.
The federal government spent $1.66 billion on flights and $4.2 million on rail trips last year.
Biden in 2021 set a goal, backed by automakers, seeking 50% of all new vehicles by 2030 to be EVs.
(Reporting by David Shepardson; Editing by Josie Kao)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and 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 David Shepardson WASHINGTON, Dec 14 (Reuters) - U.S. federal employees should rent electric vehicles and opt for rail trips when feasible on government travel to sharply reduce emissions, the White House said on Thursday. "The federal government will save taxpayers money, reduce emissions, strengthen our growing electric vehicle industry and create good-paying union jobs," said White House Council on Environmental Quality chair Brenda Mallory. Federal employees in a directive on Thursday were told to rent EVs on official travel when costs are less or equal to comparable gas-powered vehicles and charging is accessible.
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By David Shepardson WASHINGTON, Dec 14 (Reuters) - U.S. federal employees should rent electric vehicles and opt for rail trips when feasible on government travel to sharply reduce emissions, the White House said on Thursday. In 2022, U.S. government employees spent $2.8 billion on official travel, taking more than 2.8 million flights, 2.3 million vehicle rentals and 33,000 rail trips. The federal government spent $1.66 billion on flights and $4.2 million on rail trips last year.
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By David Shepardson WASHINGTON, Dec 14 (Reuters) - U.S. federal employees should rent electric vehicles and opt for rail trips when feasible on government travel to sharply reduce emissions, the White House said on Thursday. In 2022, U.S. government employees spent $2.8 billion on official travel, taking more than 2.8 million flights, 2.3 million vehicle rentals and 33,000 rail trips. Biden in December 2021 issued an executive order directing the government to stop purchasing gas-powered vehicles by 2035 and said all light-duty federal acquisitions by 2027 should be electric or plug-in hybrid vehicles (PHEV).
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By David Shepardson WASHINGTON, Dec 14 (Reuters) - U.S. federal employees should rent electric vehicles and opt for rail trips when feasible on government travel to sharply reduce emissions, the White House said on Thursday. In 2022, U.S. government employees spent $2.8 billion on official travel, taking more than 2.8 million flights, 2.3 million vehicle rentals and 33,000 rail trips. Federal employees in a directive on Thursday were told to rent EVs on official travel when costs are less or equal to comparable gas-powered vehicles and charging is accessible.
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30129060-5e0d-4d58-9435-f46a0d97f98a
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712683.0
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2023-12-12 00:00:00 UTC
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Why Investors Need to Take Advantage of These 2 Consumer Staples Stocks Now
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DCOMP
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https://www.nasdaq.com/articles/why-investors-need-to-take-advantage-of-these-2-consumer-staples-stocks-now-13
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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.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Constellation Brands?
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. Constellation Brands (STZ) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $3.04 a share 24 days away from its upcoming earnings release on January 5, 2024.
Constellation Brands' Earnings ESP sits at +0.25%, which, as explained above, is calculated by taking the percentage difference between the $3.04 Most Accurate Estimate and the Zacks Consensus Estimate of $3.03. STZ is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
STZ is part of a big group of Consumer Staples stocks that boast a positive ESP, and investors may want to take a look at PepsiCo (PEP) as well.
PepsiCo is a Zacks Rank #2 (Buy) stock, and is getting ready to report earnings on February 8, 2024. PEP's Most Accurate Estimate sits at $1.74 a share 58 days from its next earnings release.
PepsiCo's Earnings ESP figure currently stands at +1.3% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.72.
Because both stocks hold a positive Earnings ESP, STZ and PEP could potentially post earnings beats in their next reports.
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
Constellation Brands Inc (STZ) : Free Stock Analysis Report
PepsiCo, Inc. (PEP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. STZ is part of a big group of Consumer Staples stocks that boast a positive ESP, and investors may want to take a look at PepsiCo (PEP) as well. 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 Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Click to get this free report Constellation Brands Inc (STZ) : Free Stock Analysis Report PepsiCo, Inc. (PEP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Earnings ESP, Explained The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. 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.
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Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Constellation Brands (STZ) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $3.04 a share 24 days away from its upcoming earnings release on January 5, 2024. Because both stocks hold a positive Earnings ESP, STZ and PEP could potentially post earnings beats in their next reports.
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f13e077c-07c8-4f94-9d6c-9e158f2c6519
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712684.0
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2023-12-12 00:00:00 UTC
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Could Alibaba Stock Double in 2024?
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DCOMP
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https://www.nasdaq.com/articles/could-alibaba-stock-double-in-2024
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nan
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nan
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In this video, I will be talking about Alibaba (NYSE: BABA), the Chinese economy, Pinduoduo, and why I believe Alibaba stock could double from the price it's at today.
*Stock prices used were from the trading day of Dec. 11, 2023. The video was published on Dec. 12, 2023.
Should you invest $1,000 in Alibaba Group right now?
Before you buy stock in Alibaba Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alibaba Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 10 stocks that made the cut could produce monster returns in the coming years. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alibaba Group wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group.
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In this video, I will be talking about Alibaba (NYSE: BABA), the Chinese economy, Pinduoduo, and why I believe Alibaba stock could double from the price it's at today. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alibaba Group wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Rozenbaum has no position in any of the stocks mentioned.
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In this video, I will be talking about Alibaba (NYSE: BABA), the Chinese economy, Pinduoduo, and why I believe Alibaba stock could double from the price it's at today. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alibaba Group wasn't one of them. The Motley Fool recommends Alibaba Group.
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c00e2ab7-5ff4-49e1-bb48-14acbb902101
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712685.0
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2023-12-12 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-232
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Dave & Buster's (PLAY)
Founded in 1982 and headquartered in Dallas, TX, Dave & Buster's Entertainment is a leading owner and operator of high-volume venues in North America that combine dining and entertainment for both adults and families. As of Jan 9, 2023, the company owned and operated 204 stores in 42 states, Puerto Rico and one Canadian province. The core concept of this restaurant chain is “Eat Drink Play and Watch”, all in one location. Under the Eat concept, the company offers a wide variety of starters, burgers, choice-grade steaks and health-conscious food.
PLAY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Retail-Wholesale stock. PLAY has a Momentum Style Score of A, and shares are up 33.6% over the past four weeks.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.16 to $3.19 per share. PLAY boasts an average earnings surprise of 34.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PLAY should be on investors' short list.
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
Dave & Buster's Entertainment, Inc. (PLAY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. Under the Eat concept, the company offers a wide variety of starters, burgers, choice-grade steaks and health-conscious food.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Dave & Buster's Entertainment, Inc. (PLAY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. That's where the Style Scores come in.
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594b2b14-10bf-4a14-9b38-e4e823c439a2
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712686.0
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2023-12-12 00:00:00 UTC
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4 Retail Building Products Stocks to Watch Amid Soft Industry Trends
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DCOMP
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https://www.nasdaq.com/articles/4-retail-building-products-stocks-to-watch-amid-soft-industry-trends
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nan
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nan
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The Zacks Building Products – Retail industry has been witnessing broad-based pressure across the business, driven by softened consumer demand versus expectations, which is likely to impact the performances of the industry participants. Severe constraints related to inflation, a deflation in lumber prices, and product and transportation cost inflation are worrisome.
However, the participants are likely to benefit from technology initiatives to bolster the e-commerce experience. Companies have been strengthening digital ecosystems, providing the best online assortments and bolstering omni-channel capabilities. Companies are also benefiting from accretive acquisitions, the focus on expanding supply-chain facilities and digital initiatives. Continued innovation, e-commerce expansion and strong demand are likely to benefit players like The Home Depot Inc. HD, Fastenal Company FAST, Builders FirstSource, Inc. BLDR and Beacon Roofing Supply BECN.
About the Industry
The Zacks Building Products – Retail industry mainly comprises U.S. home improvement retailers, manufacturers of industrial and construction materials, and distributors of wallboard and ceiling systems. Some industry participants offer products and services for home decoration, repair and remodeling, and in-home delivery and installation services. A few industry players provide construction products, ranging from cement or concrete foundation materials to roofing boards and shingles. The companies also sell lumber, insulation materials, drywall, plumbing fixtures, hard-surface flooring, and lawn and garden decor products. Some players deal in threaded fastener products, and manufactured and natural stone tiles. In addition to general consumers, the industry players cater to professional builders, sub-contractors, remodelers and retailers.
3 Trends Shaping the Future of Building Products - Retail Industry
Elevated Costs: Inflationary pressures, particularly higher input costs, have been concerning for players in the home improvement industry. Such increased input costs are likely to put pressure on margins. A deflation in lumber prices is also expected to hurt the performance of participating companies. Some companies have provided conservative views for 2023 based on assumptions about lower consumer spending trends, normalized transactions and continued investments to capture market share. Many economists have projected flat real economic growth and consumer spending for 2023. The industry is expected to witness a gradual normalization in transactions as consumer spending has shifted from goods to services.
Do-it-Yourself (DIY) and Pro Projects: Despite a slowdown in the spending trends, the demand for revamping interiors and repair-remodel represent opportunities for in the industry players. DIY projects for decorating and maintaining furniture and fixtures are being widely undertaken. Additionally, consumers are open to hiring professionals (“Pros”) to complete their home renovations, resulting in rising demand for Pro projects. Companies noted that Pro backlogs continue to be healthy and elevated. This is likely to aid companies in the home improvement space, with a focus on building Pro offerings.
Digitization & Acquisitions in Focus: Retail Building Products industry participants have been witnessing a surge in online business transactions, owing to consumers’ growing digital dependency. The focus on virtual platforms to boost customer engagement has been rewarding for top-line growth of many industry players. Companies have, therefore, been strengthening their digital presence by expanding the availability of online assortments and bolstering omni-channel capabilities. Such prudent measures have been aiding industry participants to meet the accelerated demand. Companies are also ramping up their delivery operations to provide safe and swift services. The digital transaction boom should continue to drive the top lines of the key industry players. Acquisitions have been crucial parts of growth strategies of companies in the Retail Building Products industry. Some Players have been focusing on exploring acquisition options to expand extensively across vast geographic boundaries and improve organic revenues.
Zacks Industry Rank Indicates Dull Prospects
The Building Products – Retail industry is housed within the broader Zacks Retail-Wholesale sector. The industry currently carries a Zacks Industry Rank #206, which places it in the bottom 18% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential.
Before we present a few stocks that you may want to consider for your portfolio, let’s look at the industry’s recent stock-market performance and the valuation picture.
Industry Vs. Broader Market
The Zacks Building Products – Retail industry has underperformed the broader Zacks Retail-Wholesale sector and the Zacks S&P 500 over the past year.
The industry has risen 2.8% in the past year compared with the broader sector’s growth of 14.6% and the S&P 500’s rally of 15.2%.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price-to-earnings (P/E) ratio, which is the commonly used multiple for valuing Retail-Wholesale stocks, the industry is currently trading at 18.52X compared with the S&P 500’s 19.31X. Further, the sector’s forward-12-month P/E stands at 21.59X.
Over the last five years, the industry traded as high as 23.43X and as low as 14.25X, with the median being 18.87X, as the chart below shows.
Price-to-Earnings Ratio (Past 5 Years)
4 Building Products Stocks to Watch
Beacon Roofing: The Herndon, VA-based company is the largest publicly traded distributor of residential and non-residential roofing materials and complementary building products in the United States and Canada. It has been gaining from several strategic initiatives undertaken to drive its long-term ambition of growing and enhancing customer experience; expanding the top line and the margin; and boosting value for customers, suppliers, employees and shareholders. The company is currently focused on its Ambition 2025 targets (announced on Feb 24, 2022), which emphasize operational excellence, above-market growth trajectory and accelerated stockholder value creation. Beacon Roofing remains focused on four key strategic initiatives — organic growth, digital, OTC (On-Time and Complete) and branch operating performance — which have been boosting sales and helping improve operating profitability.
The company is focused on improving sales and the operating performance at exterior and interior branches, and intends to enhance the overall customer experience with increased scope and scale of business. Shares of the Zacks Rank #2 (Buy) company have rallied 37.2% in a year. The Zacks Consensus Estimate for its current fiscal year’s sales and earnings indicates growth of 7.2% and 8.9%, respectively, from the year-ago quarter’s actuals. The consensus estimate for current fiscal-year earnings has moved up 0.8% in the past seven days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price and Consensus: BECN
Home Depot: The Atlanta, GA-based company is the world’s largest home improvement specialty retailer, based on net sales. Home Depot has been benefiting from ongoing investments. Continued strength in the Pro and DIY categories, and its digital momentum have been the key drivers. The company’s interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters, aiding digital sales.
Home Depot is witnessing significant benefits from the execution of its One Home Depot plan, which focuses on supply-chain expansion, technology investments and digital enhancements. The company has created the fastest, most efficient delivery network in home improvement through options like buy online pick up in store, buy online deliver from store and curbside pickup. The Zacks Rank #3 (Hold) company has declined 0.5% in a year. The Zacks Consensus Estimate for HD’s current fiscal-year sales and earnings indicates year-over-year declines of 3.2% and 9.8%, respectively. The consensus estimate for current fiscal-year earnings has moved down 2% in the past 30 days.
Price and Consensus: HD
Fastenal: The Winona, MN-based wholesale distributor of industrial and construction products has been benefiting from strong demand for manufacturing and construction equipment, as well as supplies. The company’s focus on virtual platforms to boost customer engagement is improving sales and driving growth. Cost-control strategies like automating warehouses, increasing delivery efficiency through its trucking network and selling more private-level products with higher margins are aiding FAST to improve efficiency, thereby increasing returns.
Industrial vending is one of the primary growth drivers for Fastenal, and has the potential to significantly increase sales and profits. The Zacks Rank #3 company is striving to boost its onsite location portfolio, in which a mini-Fastenal shop is located in a customer’s facility. The FAST stock has risen 26.3% in a year. The Zacks Consensus Estimate for the company’s current fiscal-year sales and earnings indicates year-over-year growth of 5.1% and 5.8%, respectively. The consensus estimate for current fiscal-year earnings has been unchanged in the past 30 days.
Price and Consensus: FAST
Builders FirstSource: The Dallas, TX-based company manufactures and supplies building materials. The company has been benefiting from its focus on cost synergies, strategic acquisition, and robust demand from solid housing and repair and remodeling activities. Robust demand for single-family housing, R&R and other activities have been tailwinds for BLDR’s products and services. Builders FirstSource continues to focus on investing in innovations and enhancing digital solutions for its customers.
Acquisitions are important for BLDR’s growth strategy to supplement its organic growth and expand extensively across vast geographic boundaries. The Zacks Rank #3 company has been active on the acquisition front, which is supporting its top line. It is also focusing on cost-management practices. The BLDR stock has risen 121% in a year. The Zacks Consensus Estimate for the company’s current fiscal-year sales and earnings indicates declines of 25.6% and 26.1%, respectively, from the prior-year period’s reported figures. The consensus estimate for current fiscal-year earnings has moved up 0.7% in the past 30 days.
Price and Consensus: BLDR
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
The Home Depot, Inc. (HD) : Free Stock Analysis Report
Fastenal Company (FAST) : Free Stock Analysis Report
Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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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Continued innovation, e-commerce expansion and strong demand are likely to benefit players like The Home Depot Inc. HD, Fastenal Company FAST, Builders FirstSource, Inc. BLDR and Beacon Roofing Supply BECN. Some companies have provided conservative views for 2023 based on assumptions about lower consumer spending trends, normalized transactions and continued investments to capture market share. The company is focused on improving sales and the operating performance at exterior and interior branches, and intends to enhance the overall customer experience with increased scope and scale of business.
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Continued innovation, e-commerce expansion and strong demand are likely to benefit players like The Home Depot Inc. HD, Fastenal Company FAST, Builders FirstSource, Inc. BLDR and Beacon Roofing Supply BECN. Beacon Roofing remains focused on four key strategic initiatives — organic growth, digital, OTC (On-Time and Complete) and branch operating performance — which have been boosting sales and helping improve operating profitability. Click to get this free report The Home Depot, Inc. (HD) : Free Stock Analysis Report Fastenal Company (FAST) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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About the Industry The Zacks Building Products – Retail industry mainly comprises U.S. home improvement retailers, manufacturers of industrial and construction materials, and distributors of wallboard and ceiling systems. Zacks Industry Rank Indicates Dull Prospects The Building Products – Retail industry is housed within the broader Zacks Retail-Wholesale sector. Click to get this free report The Home Depot, Inc. (HD) : Free Stock Analysis Report Fastenal Company (FAST) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Continued innovation, e-commerce expansion and strong demand are likely to benefit players like The Home Depot Inc. HD, Fastenal Company FAST, Builders FirstSource, Inc. BLDR and Beacon Roofing Supply BECN. Industry Vs. Beacon Roofing remains focused on four key strategic initiatives — organic growth, digital, OTC (On-Time and Complete) and branch operating performance — which have been boosting sales and helping improve operating profitability.
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2023-12-12 00:00:00 UTC
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Wall Street Analysts Think KANZHUN LIMITED Sponsored ADR (BZ) Could Surge 29.97%: Read This Before Placing a Bet
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https://www.nasdaq.com/articles/wall-street-analysts-think-kanzhun-limited-sponsored-adr-bz-could-surge-29.97%3A-read-this
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KANZHUN LIMITED Sponsored ADR (BZ) closed the last trading session at $15.15, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $19.69 indicates a 30% upside potential.
The average comprises nine short-term price targets ranging from a low of $16 to a high of $23, with a standard deviation of $2.24. While the lowest estimate indicates an increase of 5.6% from the current price level, the most optimistic estimate points to a 51.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in BZ. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in BZ
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 37.5%.
Moreover, BZ currently has 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 four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much BZ could gain, the direction of price movement it implies does appear to be a good guide.
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
KANZHUN LIMITED Sponsored ADR (BZ) : 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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KANZHUN LIMITED Sponsored ADR (BZ) closed the last trading session at $15.15, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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KANZHUN LIMITED Sponsored ADR (BZ) closed the last trading session at $15.15, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report KANZHUN LIMITED Sponsored ADR (BZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much BZ could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $19.69 indicates a 30% upside potential. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. Here's Why There Could be Plenty of Upside Left in BZ There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher.
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712688.0
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2023-12-12 00:00:00 UTC
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How Much Upside is Left in Castle Biosciences, Inc. (CSTL)? Wall Street Analysts Think 67.01%
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DCOMP
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https://www.nasdaq.com/articles/how-much-upside-is-left-in-castle-biosciences-inc.-cstl-wall-street-analysts-think-67.01
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Shares of Castle Biosciences, Inc. (CSTL) have gained 10.7% over the past four weeks to close the last trading session at $19.61, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $32.75 indicates a potential upside of 67%.
The mean estimate comprises eight short-term price targets with a standard deviation of $4.65. While the lowest estimate of $25 indicates a 27.5% increase from the current price level, the most optimistic analyst expects the stock to surge 104% to reach $40. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for CSTL, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why CSTL Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 9.1% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, CSTL currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much CSTL could gain, the direction of price movement it implies does appear to be a good guide.
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
Castle Biosciences, Inc. (CSTL) : 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 Castle Biosciences, Inc. (CSTL) have gained 10.7% over the past four weeks to close the last trading session at $19.61, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Castle Biosciences, Inc. (CSTL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much CSTL could gain, the direction of price movement it implies does appear to be a good guide.
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Going by the price targets, the mean estimate of $32.75 indicates a potential upside of 67%. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much CSTL could gain, the direction of price movement it implies does appear to be a good guide. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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712689.0
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2023-12-12 00:00:00 UTC
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Wall Street Analysts Think Merus N.V. (MRUS) Could Surge 87.71%: Read This Before Placing a Bet
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-think-merus-n.v.-mrus-could-surge-87.71%3A-read-this-before-placing-a
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Merus N.V. (MRUS) closed the last trading session at $22.86, gaining 1.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $42.91 indicates an 87.7% upside potential.
The average comprises 11 short-term price targets ranging from a low of $35 to a high of $49, with a standard deviation of $4.46. While the lowest estimate indicates an increase of 53.1% from the current price level, the most optimistic estimate points to an 114.4% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in MRUS. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why MRUS Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 7.7%, as two estimates have moved higher compared to no negative revision.
Moreover, MRUS currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much MRUS could gain, the direction of price movement it implies does appear to be a good guide.
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
Merus N.V. (MRUS) : 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.
|
Merus N.V. (MRUS) closed the last trading session at $22.86, gaining 1.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
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Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much MRUS could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $42.91 indicates an 87.7% upside potential. However, an impressive consensus price target is not the only factor that indicates a potential upside in MRUS. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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b75f7e1c-72c9-44db-ace5-6dd5fe1faa2e
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712690.0
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2023-12-12 00:00:00 UTC
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Bears are Losing Control Over Lifeway (LWAY), Here's Why It's a 'Buy' Now
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DCOMP
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https://www.nasdaq.com/articles/bears-are-losing-control-over-lifeway-lway-heres-why-its-a-buy-now
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nan
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Shares of Lifeway Foods (LWAY) have been struggling lately and have lost 13.9% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.
The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this dairy and cheese company enhances its prospects of a trend reversal.
What is a Hammer Chart and How to Trade It?
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Makes the Trend Reversal More Likely for LWAY
There has been an upward trend in earnings estimate revisions for LWAY lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.
Over the last 30 days, the consensus EPS estimate for the current year has increased 16.7%. What it means is that the sell-side analysts covering LWAY are majorly in agreement that the company will report better earnings than they predicted earlier.
If this is not enough, you should note that LWAY currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of Lifeway, a Zacks Rank of 2 is a more conclusive fundamental indication of a potential turnaround.
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
Lifeway Foods, Inc. (LWAY) : 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, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this dairy and cheese company enhances its prospects of a trend reversal. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
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A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. Click to get this free report Lifeway Foods, Inc. (LWAY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What Makes the Trend Reversal More Likely for LWAY There has been an upward trend in earnings estimate revisions for LWAY lately, which can certainly be considered a bullish indicator on the fundamental side. If this is not enough, you should note that LWAY currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve.
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On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. Here's What Makes the Trend Reversal More Likely for LWAY There has been an upward trend in earnings estimate revisions for LWAY lately, which can certainly be considered a bullish indicator on the fundamental side.
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712691.0
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2023-12-12 00:00:00 UTC
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Beyond Canoo: A Pick-and-Shovel Play on the Growth of EVs and Mexico
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DCOMP
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https://www.nasdaq.com/articles/beyond-canoo%3A-a-pick-and-shovel-play-on-the-growth-of-evs-and-mexico
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nan
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Investor interest in Canoo (NASDAQ: GOEV) continues to remain high, despite serious financial troubles that have it on the cusp of bankruptcy. In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss Ternium (NYSE: TX), a "pick-and-shovel" way to invest in the future of EVs, supply chain expansion, industrial demand, and construction in North America. Canoo and other start-ups might seem like a fun way to invest, but if you're looking to build wealth, you'll want to give this video a watch.
*Stock prices used were from the afternoon of Dec. 5, 2023. The video was published on Dec 12, 2023.
Should you invest $1,000 in Canoo right now?
Before you buy stock in Canoo, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canoo 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
Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investor interest in Canoo (NASDAQ: GOEV) continues to remain high, despite serious financial troubles that have it on the cusp of bankruptcy. In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss Ternium (NYSE: TX), a "pick-and-shovel" way to invest in the future of EVs, supply chain expansion, industrial demand, and construction in North America. Canoo and other start-ups might seem like a fun way to invest, but if you're looking to build wealth, you'll want to give this video a watch.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss Ternium (NYSE: TX), a "pick-and-shovel" way to invest in the future of EVs, supply chain expansion, industrial demand, and construction in North America. Before you buy stock in Canoo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canoo wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has no position in any of the stocks mentioned.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss Ternium (NYSE: TX), a "pick-and-shovel" way to invest in the future of EVs, supply chain expansion, industrial demand, and construction in North America. Before you buy stock in Canoo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canoo wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has no position in any of the stocks mentioned.
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Before you buy stock in Canoo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Canoo wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has no position in any of the stocks mentioned. Their opinions remain their own and are unaffected by The Motley Fool.
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e805b62e-5d80-4ba8-b9e9-d5500cfcf1dc
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712692.0
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2023-12-12 00:00:00 UTC
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This Warren Buffett Stock Could Be a Big Winner in 2024
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DCOMP
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https://www.nasdaq.com/articles/this-warren-buffett-stock-could-be-a-big-winner-in-2024
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nan
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There are many different aspects of Warren Buffett's investing philosophy. One of his trademarks is being a contrarian. At its core, contrarian investors do not follow the crowd. Instead, they may see opportunities in businesses others have soured on.
One of Buffett's less-publicized positions is telecommunications company Charter Communications (NASDAQ: CHTR). With streaming services playing a major part in the popular trend of cutting the cord with cable providers, Charter Communications might not appear to be an investment with robust growth prospects.
However, by zooming out and looking at the bigger picture, a contrarian might think Charter Communications is actually in an enviable position as 2024 draws near. Let's dig into why this telecommunications giant could be a stealthy buying opportunity for investors now.
Why next year could be huge for advertising
Cutting the cord with traditional cable providers and flocking to entertainment platforms on Apple, Amazon, Netflix, or others is turning the media industry upside down. The days of watching television while you sit around the dinner table and get bombarded with commercials are dwindling. As a result, advertisers have swiftly allocated increasing portions of marketing budgets to alternative media properties -- namely streaming.
As 2023 draws to a close, there is one obvious reason next year could be a big one for advertising dollars. 2024 marks the inception of a new election cycle. According to a report by AdImpact, next year's political advertising dollars could reach an all-time record, eclipsing $10 billion. Of note, this includes campaign dollars geared toward traditional television formats, connected television (CTV), radio, and digital platforms.
Chart by author.
How can Charter Communications benefit?
While the forecast increase in political ad spend could bode well for Charter, it's more important to understand where those dollars will be allocated. AdImpact is projecting that over 70% of the $10.2 billion expected total will be geared toward traditional broadcasting and cable providers. By contrast, only $1.3 billion is assumed to be targeted for CTV.
While it's far too early to say whether AdImpact's figures are accurate, the broader themes are encouraging in that the firm's research suggests a tailwind of advertising dollars placed on legacy cable and media properties. Given Charter Communications is America's second-largest cable company, it should be a major beneficiary.
Management echoed this sentiment during the company's third-quarterearnings call stating that the "positive impact from political advertising" in 2024 should help curb concerns over its growth prospects.
Image source: Getty Images.
Is Charter Communications a good stock to buy?
CHTR PE Ratio (Forward) data by YCharts. PE Ratio = price-to-earnings ratio.
The chart above illustrates the forward price-to-earnings (P/E) ratio for Charter Communications benchmarked against a cohort of cable and internet service providers. It's easy to see that Charter's forward P/E of 11.5 is the second-highest in the group, trailing only Dish Network.
While this might make the stock look expensive, it could be viewed as a good thing that Charter is valued at more of a premium compared to the competition. This could signal that the markets are more bullish on the company's growth prospects compared to other cable providers.
CHTR PE Ratio data by YCharts. PE Ratio = price-to-earnings ratio.
Moreover, Charter's current P/E of 12 is roughly half its three-year average. While this makes some sense, given the rise in popularity among streaming services, investors could make a case that the stock is oversold and trading at a bargain valuation.
When it comes to legacy media, I see two primary threats: streaming and lumpy revenue due to the cyclical nature of advertisers. 2024 just so happens to be a year during which advertising spending has a good probability of increasing compared to non-election periods. As such, the cable industry looks well-positioned to benefit.
I would not buy Charter Communications stock solely based on its prospects of seeing a jump next year due to the upcoming election. Like Buffett, I'd encourage a long-term outlook. When taking a position in the stock, investors should assess the whole picture and question Charter's long-term viability as streaming becomes more common. It might be best to pass if you think traditional cable and media companies can't survive in the age of streaming.
But on the flip side, keep in mind that many legacy cable platforms, including Charter, have either launched their own streaming services or created alternatives to businesses such as Roku. When it comes to Charter and cable providers in general, I think it will be a long time before streaming completely eclipses their operations. For this reason alone, the poor sentiment around telecom stocks may be overblown.
Moreover, given the strong momentum Charter could garner next year from advertisers, coupled with its near rock-bottom valuation, now looks like an interesting time to scoop up some shares at a bargain.
Should you invest $1,000 in Charter Communications right now?
Before you buy stock in Charter Communications, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charter Communications wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has nearly quadrupled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adam Spatacco has positions in Amazon and Apple. The Motley Fool has positions in and recommends Amazon, Apple, and Netflix. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With streaming services playing a major part in the popular trend of cutting the cord with cable providers, Charter Communications might not appear to be an investment with robust growth prospects. Why next year could be huge for advertising Cutting the cord with traditional cable providers and flocking to entertainment platforms on Apple, Amazon, Netflix, or others is turning the media industry upside down. While it's far too early to say whether AdImpact's figures are accurate, the broader themes are encouraging in that the firm's research suggests a tailwind of advertising dollars placed on legacy cable and media properties.
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One of Buffett's less-publicized positions is telecommunications company Charter Communications (NASDAQ: CHTR). With streaming services playing a major part in the popular trend of cutting the cord with cable providers, Charter Communications might not appear to be an investment with robust growth prospects. Before you buy stock in Charter Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charter Communications wasn't one of them.
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With streaming services playing a major part in the popular trend of cutting the cord with cable providers, Charter Communications might not appear to be an investment with robust growth prospects. The chart above illustrates the forward price-to-earnings (P/E) ratio for Charter Communications benchmarked against a cohort of cable and internet service providers. Before you buy stock in Charter Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charter Communications wasn't one of them.
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One of Buffett's less-publicized positions is telecommunications company Charter Communications (NASDAQ: CHTR). Why next year could be huge for advertising Cutting the cord with traditional cable providers and flocking to entertainment platforms on Apple, Amazon, Netflix, or others is turning the media industry upside down. Before you buy stock in Charter Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charter Communications wasn't one of them.
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687682bb-c50e-4d49-b5c3-e2ad541b564f
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712693.0
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2023-12-12 00:00:00 UTC
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Why Abercrombie & Fitch (ANF) is a Top Momentum Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-abercrombie-fitch-anf-is-a-top-momentum-stock-for-the-long-term-2
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Abercrombie & Fitch (ANF)
Abercrombie & Fitch Co. operates as a specialty retailer of premium, high-quality casual apparel for men, women, and kids through a network of approximately 759 stores across North America, Europe, Asia and the Middle East, as well as the e-commerce sites www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com, www.gillyhicks.com and www.socialtourist.com.
ANF is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Retail-Wholesale stock. ANF has a Momentum Style Score of B, and shares are up 23% over the past four weeks.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $1.38 to $5.74 per share. ANF boasts an average earnings surprise of 713%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ANF should be on investors' short list.
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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. 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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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. The Style Scores are broken down into four categories: Value Score Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. That's where the Style Scores come in.
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6e891bdc-1b3f-4142-9d07-bf409d1232ea
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712694.0
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2023-12-12 00:00:00 UTC
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Market Rally Grows Legs as Breadth Improves: Stocks to Watch
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DCOMP
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https://www.nasdaq.com/articles/market-rally-grows-legs-as-breadth-improves%3A-stocks-to-watch
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nan
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nan
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“If everyone is thinking alike, then somebody isn’t thinking.” – George S. Patton
The rally off the October lows has taken many investors by surprise. Just as the bears were ready to claim victory, the Dow surged to within 1% of its all-time high! The market’s recent breadth expansion is bullish as sectors like financials, health care, and industrials rally strongly from oversold levels. More stocks have reestablished uptrends and a healthy percentage are hitting 52-week highs.
The rebound points to a higher probability that we will ultimately eclipse the all-time highs for the major indexes in the near future. The S&P 500 is just about 4% away from its own all-time high set back in January of 2022. The previous 14 times that the blue-chip index went at least a full year without a new high and then finally made one, a year later it was higher 13/14 times and up nearly 15% on average.
Outside of large-caps, small-caps are beginning to show signs out outperformance. We’d like to see these smaller companies continue to do well, as the improvement speaks to increased odds that this rally will be sustainable. The Russell 2000 index is up about 15% from the October lows, displaying resilience as inflation and yields falter.
Cooling Inflation Trend Continues
This morning’s release of the November Consumer Price Index (CPI) showed that prices rose 3.1% over the past year, a slight deceleration from October’s 3.2% annual gain. The figure was in line with estimates, as lower energy costs held the headline figure in check. Core CPI, which strips out the more volatile food and energy components, rose at a 4% annual pace, matching the increase in October.
Tomorrow is the culmination of the FOMC two-day policy meeting, the last one of the year. Another rate pause is all but assured as markets are pricing in a roughly 99% likelihood that the Fed will stand pat. Chairman Jerome Powell stated recently that it’s “premature” to discuss rate cuts; the fact is that the economy has shown it can weather a higher interest rate environment. The central bank is looking to avoid an inflation resurgence, similar to what happened in the ‘70s.
Powell will likely leave the door open for additional rate hikes as the Fed sticks to its data-dependent path. Last week we learned that the U.S. economy added 199,000 jobs in November, ahead of the 190k estimate. The unemployment rate fell to 3.7%, reflecting signs that the labor market may not be cooling as quickly as many had anticipated. Treasury yields continue to hover near multi-month lows.
Homebuilders Break Out
Homebuilder stocks are one group outside of tech that surged this year amid low existing inventory and a declining interest rate outlook. The Zacks Building Products – Homebuilder industry has returned nearly 70% this year, handily outpacing the market:
Image Source: Zacks Investment Research
Despite the impressive performance, stocks in this group remain relatively undervalued:
Image Source: Zacks Investment Research
This industry currently ranks in the top 29% out of more than 250 Zacks Ranked Industries. Because it is ranked in the top half of all Zacks Ranked Industries, we expect this group to outperform the market over the next 3 to 6 months.
Quantitative research studies suggest that approximately half of a stock’s price appreciation is due to its industry grouping. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1. By focusing on leading stocks within the top 50% of Zacks Ranked Industries, we can dramatically improve our stock-picking success.
One well-known homebuilder that has led the charge during the recent rally is Lennar LEN. LEN is currently a Zacks Rank #2 (Buy). The stock has broken out and is hitting a series of 52-week highs ahead of its fiscal Q4 earnings report, slated for Thursday after the close. Lennar shares have rewarded investors this year with a 56% return:
Image Source: StockCharts
Analysts covering Lennar have increased their Q4 EPS estimates by 0.87% in the past 60 days. The Zacks Consensus Estimate now stands at $4.64/share, which reflects negative growth of -7.87% relative to the year-ago period. Projected revenues of $10.34 billion would mark a 1.62% improvement versus the same quarter last year.
Image Source: Zacks Investment Research
Another established homebuilder that has widely outperformed this year is Toll Brothers TOL. TOL stock has surged nearly 90% year-to-date. Even with the impressive rebound, TOL shares are trading at just a 7.59 forward P/E. Operating on the luxury end of the market, Toll Brothers is currently a Zacks Rank #3 (Hold).
Image Source: StockCharts
The stock market rally has taken hold as we near the midpoint of December. The major indexes remain at year-to-date highs are tracking closer to their all-time highs; many individual stocks have broken out, while others are approaching breakout levels.
Other pockets of the market outside of tech are showing strength as the rally broadens out. Make sure you’re taking advantage of all that Zacks has to offer to uncover leading stocks like the aforementioned homebuilders.
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
Toll Brothers Inc. (TOL) : Free Stock Analysis Report
Lennar Corporation (LEN) : 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 market’s recent breadth expansion is bullish as sectors like financials, health care, and industrials rally strongly from oversold levels. Core CPI, which strips out the more volatile food and energy components, rose at a 4% annual pace, matching the increase in October. Image Source: Zacks Investment Research Another established homebuilder that has widely outperformed this year is Toll Brothers TOL.
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Cooling Inflation Trend Continues This morning’s release of the November Consumer Price Index (CPI) showed that prices rose 3.1% over the past year, a slight deceleration from October’s 3.2% annual gain. Image Source: Zacks Investment Research Another established homebuilder that has widely outperformed this year is Toll Brothers TOL. Click to get this free report Toll Brothers Inc. (TOL) : Free Stock Analysis Report Lennar Corporation (LEN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research This industry currently ranks in the top 29% out of more than 250 Zacks Ranked Industries. Image Source: Zacks Investment Research Another established homebuilder that has widely outperformed this year is Toll Brothers TOL. Click to get this free report Toll Brothers Inc. (TOL) : Free Stock Analysis Report Lennar Corporation (LEN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research This industry currently ranks in the top 29% out of more than 250 Zacks Ranked Industries. Because it is ranked in the top half of all Zacks Ranked Industries, we expect this group to outperform the market over the next 3 to 6 months. Image Source: Zacks Investment Research Another established homebuilder that has widely outperformed this year is Toll Brothers TOL.
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712695.0
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2023-12-12 00:00:00 UTC
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Here's Why W.R. Berkley (WRB) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-w.r.-berkley-wrb-is-a-strong-momentum-stock-1
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: W.R. Berkley (WRB)
Founded in 1967 and based in Greenwich, CT., W.R. Berkley Corp. is a Fortune 500 company. It is one of the nation’s largest commercial lines property casualty insurance providers. The company offers a variety of insurance services from reinsurance, to workers comp third party administrators (TPAs).
WRB is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. WRB has a Momentum Style Score of B, and shares are up 5.6% over the past four weeks.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.27 to $4.80 per share. WRB also boasts an average earnings surprise of 4.4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, WRB should be on investors' short list.
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
W.R. Berkley Corporation (WRB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. #1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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What are the Zacks Style Scores? That's where the Style Scores come in. WRB is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
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f751471e-5a50-4180-8814-992d470960cd
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712696.0
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2023-12-12 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-230
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Jakks Pacific (JAKK)
Based in Malibu, CA, JAKKS Pacific is a multi-brand company that has been designing and marketing a broad range of toys and consumer products since 1995.
JAKK is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Consumer Discretionary stock. JAKK has a Momentum Style Score of B, and shares are up 20.2% over the past four weeks.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $1.42 to $5.17 per share. JAKK boasts an average earnings surprise of 61.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, JAKK should be on investors' short list.
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
JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. JAKK is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
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4be1b294-44a9-46aa-b099-966dac3114d0
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712697.0
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2023-12-12 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
|
DCOMP
|
https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-231
|
nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: East West Bancorp (EWBC)
Headquartered in Pasadena, CA, East West Bancorp is the bank holding company for East West Bank. Incorporated in 1998, the company serves as a financial bridge between the United States and China by providing various consumer as well as commercial banking services to the Asian-American community.
EWBC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. EWBC has a Momentum Style Score of A, and shares are up 19.8% over the past four weeks.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.05 to $8.41 per share. EWBC boasts an average earnings surprise of 3.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EWBC should be on investors' short list.
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
East West Bancorp, Inc. (EWBC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. Incorporated in 1998, the company serves as a financial bridge between the United States and China by providing various consumer as well as commercial banking services to the Asian-American community.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report East West Bancorp, Inc. (EWBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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What are the Zacks Style Scores? That's where the Style Scores come in. Want the latest recommendations from Zacks Investment Research?
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845deae5-6261-4247-ac1b-9fb9f0bb8ff2
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712698.0
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2023-12-12 00:00:00 UTC
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Strength Seen in Cigna (CI): Can Its 16.7% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-cigna-ci%3A-can-its-16.7-jump-turn-into-more-strength
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nan
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nan
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Cigna (CI) shares rallied 16.7% in the last trading session to close at $301.97. 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 11.7% loss over the past four weeks.
Following a significant price decline at the end of November amid rumors of a potential merger between Cigna and Kentucky-based health insurer Humana, the market began correcting CI stock prices toward the close of last week. Its three-day rally saw a substantial increase on Monday, prompted by Cigna's announcement of authorizing a $10 billion increase to its share buyback program and reports of withdrawal from the merger deal. The deal was reportedly abandoned due to disagreements over pricing and regulatory hurdles.
This health insurer is expected to post quarterly earnings of $6.52 per share in its upcoming report, which represents a year-over-year change of +31.5%. Revenues are expected to be $48.82 billion, up 6.7% 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 Cigna, the consensus EPS estimate for the quarter has been revised marginally 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 CI 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 >>>>
Cigna is part of the Zacks Medical - HMOs industry. UnitedHealth Group (UNH), another stock in the same industry, closed the last trading session 1.1% lower at $543.68. UNH has returned 1.6% in the past month.
UnitedHealth's consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $5.98. Compared to the company's year-ago EPS, this represents a change of +12%. UnitedHealth currently boasts a Zacks Rank of #3 (Hold).
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
Cigna Group (CI) : Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH) : 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 health insurer is expected to post quarterly earnings of $6.52 per share in its upcoming report, which represents a year-over-year change of +31.5%. For Cigna, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. 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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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. UnitedHealth's consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $5.98. Click to get this free report Cigna Group (CI) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Following a significant price decline at the end of November amid rumors of a potential merger between Cigna and Kentucky-based health insurer Humana, the market began correcting CI stock prices toward the close of last week. 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. Click to get this free report Cigna Group (CI) : Free Stock Analysis Report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cigna (CI) shares rallied 16.7% in the last trading session to close at $301.97. UnitedHealth Group (UNH), another stock in the same industry, closed the last trading session 1.1% lower at $543.68. UnitedHealth's consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $5.98.
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326425fc-c674-4d28-8dcc-6c27a0970be2
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712699.0
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2023-12-12 00:00:00 UTC
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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick-351
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cummins (CMI)
Cummins Inc. is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. Powertrain components include fuel systems, turbochargers, transmissions, batteries and electrified power systems, among others. Headquartered in Columbus, IN, the company offers products to original equipment manufacturers (OEMs), distributors and dealers through a network of roughly 600 company-owned and independent distributor facilities in over 9,000 dealer locations in more than 190 countries and territories. Cummins has the following five operating segments:
CMI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CMI has a Growth Style Score of B, forecasting year-over-year earnings growth of 30.2% for the current fiscal year.
For fiscal 2023, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $19.68 per share. CMI boasts an average earnings surprise of 3.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CMI should be on investors' short list.
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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Cummins Inc. (CMI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. Cummins has the following five operating segments: CMI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Style Scores are broken down into four categories: Value Score Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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What are the Zacks Style Scores? This combination helps investors choose securities with the highest chances of beating the market over the next 30 days. That's where the Style Scores come in.
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