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712700.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: TSLA, AYX, SMCI
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-tsla-ayx-smci
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 3.2 million contracts has been traded thus far today, a contract volume which is representative of approximately 318.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 263.2% of TSLA's average daily trading volume over the past month, of 120.9 million shares. Particularly high volume was seen for the $250 strike call option expiring December 15, 2023, with 273,481 contracts trading so far today, representing approximately 27.3 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $250 strike highlighted in orange:
Alteryx Inc (Symbol: AYX) saw options trading volume of 34,177 contracts, representing approximately 3.4 million underlying shares or approximately 262.8% of AYX's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $47.50 strike call option expiring December 15, 2023, with 6,549 contracts trading so far today, representing approximately 654,900 underlying shares of AYX. Below is a chart showing AYX's trailing twelve month trading history, with the $47.50 strike highlighted in orange:
And Super Micro Computer Inc (Symbol: SMCI) saw options trading volume of 72,742 contracts, representing approximately 7.3 million underlying shares or approximately 254.3% of SMCI's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $300 strike call option expiring December 15, 2023, with 6,852 contracts trading so far today, representing approximately 685,200 underlying shares of SMCI. Below is a chart showing SMCI's trailing twelve month trading history, with the $300 strike highlighted in orange:
For the various different available expirations for TSLA options, AYX options, or SMCI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding NAAC
FTRI market cap history
Top Ten Hedge Funds Holding COUR
The views and 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 $250 strike call option expiring December 15, 2023, with 273,481 contracts trading so far today, representing approximately 27.3 million underlying shares of TSLA. Especially high volume was seen for the $47.50 strike call option expiring December 15, 2023, with 6,549 contracts trading so far today, representing approximately 654,900 underlying shares of AYX. Especially high volume was seen for the $300 strike call option expiring December 15, 2023, with 6,852 contracts trading so far today, representing approximately 685,200 underlying shares of SMCI.
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Particularly high volume was seen for the $250 strike call option expiring December 15, 2023, with 273,481 contracts trading so far today, representing approximately 27.3 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $250 strike highlighted in orange: Alteryx Inc (Symbol: AYX) saw options trading volume of 34,177 contracts, representing approximately 3.4 million underlying shares or approximately 262.8% of AYX's average daily trading volume over the past month, of 1.3 million shares. Below is a chart showing AYX's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And Super Micro Computer Inc (Symbol: SMCI) saw options trading volume of 72,742 contracts, representing approximately 7.3 million underlying shares or approximately 254.3% of SMCI's average daily trading volume over the past month, of 2.9 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 3.2 million contracts has been traded thus far today, a contract volume which is representative of approximately 318.3 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing TSLA's trailing twelve month trading history, with the $250 strike highlighted in orange: Alteryx Inc (Symbol: AYX) saw options trading volume of 34,177 contracts, representing approximately 3.4 million underlying shares or approximately 262.8% of AYX's average daily trading volume over the past month, of 1.3 million shares. Below is a chart showing AYX's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And Super Micro Computer Inc (Symbol: SMCI) saw options trading volume of 72,742 contracts, representing approximately 7.3 million underlying shares or approximately 254.3% of SMCI's average daily trading volume over the past month, of 2.9 million shares.
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Particularly high volume was seen for the $250 strike call option expiring December 15, 2023, with 273,481 contracts trading so far today, representing approximately 27.3 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $250 strike highlighted in orange: Alteryx Inc (Symbol: AYX) saw options trading volume of 34,177 contracts, representing approximately 3.4 million underlying shares or approximately 262.8% of AYX's average daily trading volume over the past month, of 1.3 million shares. Below is a chart showing AYX's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And Super Micro Computer Inc (Symbol: SMCI) saw options trading volume of 72,742 contracts, representing approximately 7.3 million underlying shares or approximately 254.3% of SMCI's average daily trading volume over the past month, of 2.9 million shares.
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56550068-0446-44f5-9e59-45bfd5df411c
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712701.0
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2023-12-12 00:00:00 UTC
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Here's Why Hilton Worldwide Holdings Inc. (HLT) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-hilton-worldwide-holdings-inc.-hlt-is-a-strong-growth-stock-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.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is 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
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in 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.
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.
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: Hilton Worldwide Holdings Inc. (HLT)
Founded in 1919 and headquartered in McLean, VA, Hilton Worldwide Holdings is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. As of Dec 31, 2022, Hilton's development pipeline comprised nearly 2,820 hotels, with almost 416,400 rooms across 118 countries and territories — including 30 countries and territories where it currently has no running hotels. Moreover, 243,500 rooms in the development pipeline were located outside the United States and 204,500 rooms were under construction.
HLT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. HLT has a Growth Style Score of A, forecasting year-over-year earnings growth of 24.3% for the current fiscal year.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.03 to $6.08 per share. HLT also boasts an average earnings surprise of 11.3%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, HLT 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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Hilton Worldwide Holdings Inc. (HLT) : 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. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. 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.
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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. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. Click to get this free report Hilton Worldwide Holdings Inc. (HLT) : 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. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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The 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. HLT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors.
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9e7a7cca-3e1f-42e5-8145-716b252ca6ff
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712702.0
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2023-12-12 00:00:00 UTC
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CANADA STOCKS-Toronto shares decline as falling crude prices weigh on energy stocks
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DCOMP
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https://www.nasdaq.com/articles/canada-stocks-toronto-shares-decline-as-falling-crude-prices-weigh-on-energy-stocks
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By Shashwat Chauhan
Dec 12 (Reuters) - Canada's main stock index fell amid a broad-based selloff on Tuesday, with energy stocks leading the fall on declining crude oil prices, as investors assessed the latest batch of U.S. inflation data.
At 9:40 a.m. ET (14:40 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 107.67 points, or 0.53%, at 20,210.69. Wall Street, too, had a weaker start. .N
Energy stocks .SPTTEN were leading the selloff, dropping 1.8% amid sliding crude oil prices. O/R
Meanwhile, U.S. consumer prices unexpectedly rose in November asinflation pushed higher, offering evidence that the Federal Reserve was unlikely to pivot to interest rate cuts early next year.
"Inflation angst is old news. While the last mile of progress towards 2% may still take some time and see bumps along the way, it seems clear that price pressures are abating," said Madison Faller, global investment strategist at J.P. Morgan Private Bank.
"Investor debates around the Fed's next move have shifted in tandem with the last few months of progress. There's hardly a discussion around another hike, with the focus shifting to when cuts might come."
The data comes a day before the U.S. central bank is set to announce its decision on monetary policy, with consensus tilted towards the Fed keeping its rate steady.
Following the data, traders pared earlier bets the Fed could start interest-rate cuts as soon as March, and now are pricing the Fed's May meeting as the likeliest start for interest-rate reductions.
Among individual stocks, Manulife Financial MFC.TO rose 1.5% after brokerage RBC upgraded Canada's largest insurer to "outperform" from "sector perform".
Canada's biggest steelmaker, Stelco Holdings STLC.TO gained 5.9% after J.P.Morgan upgraded the stock to "overweight" from "neutral".
Cogeco CommunicationsCCA.TO fell 4.6% after Rogers Communications RCIb.TO sold its stake in the company to Canada's second-largest pension fund Caisse de dépôt et placement du Québec.
(Reporting by Shashwat Chauhan in Bengaluru;Editing by Ravi Prakash Kumar)
((Shashwat.Chauhan@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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O/R Meanwhile, U.S. consumer prices unexpectedly rose in November asinflation pushed higher, offering evidence that the Federal Reserve was unlikely to pivot to interest rate cuts early next year. While the last mile of progress towards 2% may still take some time and see bumps along the way, it seems clear that price pressures are abating," said Madison Faller, global investment strategist at J.P. Morgan Private Bank. Cogeco CommunicationsCCA.TO fell 4.6% after Rogers Communications RCIb.TO sold its stake in the company to Canada's second-largest pension fund Caisse de dépôt et placement du Québec.
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By Shashwat Chauhan Dec 12 (Reuters) - Canada's main stock index fell amid a broad-based selloff on Tuesday, with energy stocks leading the fall on declining crude oil prices, as investors assessed the latest batch of U.S. inflation data. .N Energy stocks .SPTTEN were leading the selloff, dropping 1.8% amid sliding crude oil prices. Following the data, traders pared earlier bets the Fed could start interest-rate cuts as soon as March, and now are pricing the Fed's May meeting as the likeliest start for interest-rate reductions.
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By Shashwat Chauhan Dec 12 (Reuters) - Canada's main stock index fell amid a broad-based selloff on Tuesday, with energy stocks leading the fall on declining crude oil prices, as investors assessed the latest batch of U.S. inflation data. .N Energy stocks .SPTTEN were leading the selloff, dropping 1.8% amid sliding crude oil prices. Following the data, traders pared earlier bets the Fed could start interest-rate cuts as soon as March, and now are pricing the Fed's May meeting as the likeliest start for interest-rate reductions.
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By Shashwat Chauhan Dec 12 (Reuters) - Canada's main stock index fell amid a broad-based selloff on Tuesday, with energy stocks leading the fall on declining crude oil prices, as investors assessed the latest batch of U.S. inflation data. Wall Street, too, had a weaker start. O/R Meanwhile, U.S. consumer prices unexpectedly rose in November asinflation pushed higher, offering evidence that the Federal Reserve was unlikely to pivot to interest rate cuts early next year.
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108eea90-f0c4-4aec-9dbc-b3bb1ab84f65
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712703.0
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2023-12-12 00:00:00 UTC
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Nvidia: 1 Unlikely Reason Why This Artificial Intelligence (AI) Stock Could Skyrocket in 2024
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DCOMP
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https://www.nasdaq.com/articles/nvidia%3A-1-unlikely-reason-why-this-artificial-intelligence-ai-stock-could-skyrocket-in
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nan
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nan
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Artificial intelligence (AI) was a massive growth catalyst for Nvidia (NASDAQ: NVDA) in 2023, as the company's graphics processing units (GPUs) play a key role in helping cloud service providers train large language models (LLMs) and generative AI applications. It's a big part of why Nvidia's data center business took off this year.
When Nvidia released its fiscal 2024 third-quarter results (for the three months ended Oct. 29, 2023) on Nov. 21, the company reported record data center revenue of $14.5 billion, up 279% from the year-ago period. The segment produced 80% of Nvidia's total revenue, and it seems set to move the needle in a big way for the company in 2024 as well. Clearly, it was a huge growth catalyst.
There is another potential catalyst developing in 2024 that could complement Nvidia's data center business: Nvidia's gaming business. The gaming segment was hit hard over the past year thanks to an oversupply of graphics cards caused by a sharp drop-off in sales of personal computers (PCs). The gaming business has regained its mojo, and it could play an important role in powering Nvidia stock's further surge in 2024 and beyond.
Nvidia's gaming business could also benefit from AI
Nvidia's gaming business produced $2.86 billion in revenue in fiscal 2024's Q3, up a whopping 81% year over year. The segment was Nvidia's second-largest source of revenue, accounting for nearly 16% of its top line.
Nvidia CFO Colette Kress credited the resurgence in the gaming business to "strong demand in the important back-to-school shopping season, with NVIDIA RTX retracing and AI technologies now available at price points as low as $299." The company added that the growing library of games that support technologies such as ray tracing has brought back demand for its gaming cards, especially because of the company's aggressive pricing strategy.
But the notable takeaway from Kress' statement above is the deployment of AI in PCs, which the CFO believes could be the next big growth driver for the PC market. According to Kress, "Generative AI is quickly emerging as the new pillar app for high-performance PCs." Third-party research from the likes of Counterpoint Research and Canalys also suggests that AI could turn out to be the next big growth driver for the PC market.
Canalys estimates that the PC market could clock 8% growth in 2024 following a double-digit drop in 2023, with AI expected to reignite this space. Canalys points out that 19% of all PCs shipped in 2024 are likely to have some degree of AI capability. Counterpoint Research, on the other hand, forecasts that shipments of AI PCs could grow at an annual pace of 50% through 2030.
Not surprisingly, Nvidia has already started targeting this potentially lucrative market thanks to its expertise in the gaming industry. The company's RTX series gaming GPUs now bring a slew of AI features to customers, including AI-enabled live streaming that allows customers to change the background and remove noise, AI-accelerated apps for content creation, tools to improve the resolution of videos, and AI-powered gaming for a more immersive gaming experience.
Last month, Nvidia released its TensorRT inference platform for Windows 11 PCs that run on the company's RTX GPUs, which will accelerate the inferencing performance of LLMs such as Llama 2 and Code Llama by up to 4x on users' computers. Nvidia claims that this tool helps accelerate coding, generates AI images faster using LLMs such as Stable Diffusion, and generates answers from datasets.
A huge revenue opportunity lies in this space
The above discussion tells us that AI on PCs could become a big thing in the long run. This bodes well for Nvidia, as running AI applications on PCs will need powerful graphics cards packed with a lot of computing power. We have already seen that Nvidia is leveraging its GPUs to tap the growing adoption of AI in PCs, and this could give the company a big long-term boost in its growth.
For instance, Bloomberg estimates that generative AI-based gaming spending could increase at an annual rate of 80% over the next decade and generate more than $69 billion in revenue. With Nvidia controlling 80% of the market for gaming GPUs, it is easy to see why the company is in the pole position in a developing race to make the most of such multibillion-dollar opportunities.
As such, it won't be surprising to see Nvidia's gaming business sustain its outstanding momentum in the new year and beyond, adding to the already impressive growth the company sees in the data center market. As a result, Nvidia may be able to outpace analysts' expectations going forward, and that could help this AI stock soar higher even after terrific gains this year.
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.
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See the 10 stocks
*Stock Advisor returns as of December 7, 2023
Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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When Nvidia released its fiscal 2024 third-quarter results (for the three months ended Oct. 29, 2023) on Nov. 21, the company reported record data center revenue of $14.5 billion, up 279% from the year-ago period. The gaming segment was hit hard over the past year thanks to an oversupply of graphics cards caused by a sharp drop-off in sales of personal computers (PCs). With Nvidia controlling 80% of the market for gaming GPUs, it is easy to see why the company is in the pole position in a developing race to make the most of such multibillion-dollar opportunities.
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There is another potential catalyst developing in 2024 that could complement Nvidia's data center business: Nvidia's gaming business. Nvidia's gaming business could also benefit from AI Nvidia's gaming business produced $2.86 billion in revenue in fiscal 2024's Q3, up a whopping 81% year over year. This bodes well for Nvidia, as running AI applications on PCs will need powerful graphics cards packed with a lot of computing power.
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Artificial intelligence (AI) was a massive growth catalyst for Nvidia (NASDAQ: NVDA) in 2023, as the company's graphics processing units (GPUs) play a key role in helping cloud service providers train large language models (LLMs) and generative AI applications. Nvidia's gaming business could also benefit from AI Nvidia's gaming business produced $2.86 billion in revenue in fiscal 2024's Q3, up a whopping 81% year over year. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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There is another potential catalyst developing in 2024 that could complement Nvidia's data center business: Nvidia's gaming business. Nvidia's gaming business could also benefit from AI Nvidia's gaming business produced $2.86 billion in revenue in fiscal 2024's Q3, up a whopping 81% year over year. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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5729dc06-a744-4de6-8c76-c35e193105c5
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712704.0
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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-352
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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: Planet Fitness (PLNT)
Planet Fitness, headquartered in Hampton, NH, was formed in 1992. It is one of the leading franchisors and operators of fitness centers in the United States. As of Sep 30, 2023, the company had more than 18.5 million members and 2,498 stores in all 50 states of the United States, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia. As of Dec 31, 2022, about 98% of all franchise stores were owned and operated by a franchisee group.
PLNT 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. PLNT has a Growth Style Score of A, forecasting year-over-year earnings growth of 34.8% for the current fiscal year.
11 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.03 to $2.21 per share. PLNT boasts an average earnings surprise of 7.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PLNT should be on investors' short list.
4 Oil Stocks with Massive Upsides
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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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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.
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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. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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What are the Zacks Style Scores? 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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712705.0
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2023-12-12 00:00:00 UTC
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Interested in SpaceX? This Other Cathie Wood Rocket Stock Could Be Worth a Look.
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https://www.nasdaq.com/articles/interested-in-spacex-this-other-cathie-wood-rocket-stock-could-be-worth-a-look.
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The space industry has garnered a lot of attention over the last several years. A good deal of the media coverage surrounding commercial space companies stems from a start-up called SpaceX.
The company was founded by Elon Musk and reportedly has a valuation of $175 billion. Besides launching rockets, SpaceX also operates a satellite operation called Starlink.
SpaceX might be the most mainstream commercial rocket company, but many others are more easily accessible for investors.
One lesser-known space stock that is liked by Cathie Wood, technology investor and CEO of Ark Invest, is Rocket Lab USA (NASDAQ: RKLB). With the stock trading at rock-bottom valuations, now could be an opportunity to buy the dip and allocate a position in your portfolio toward the budding space industry.
What does Rocket Lab do?
Rocket Lab hit the public exchanges a couple of years ago during the craze for special purpose acquisition companies (SPACs). On its website, the company markets itself as an end-to-end space business. More specifically, it specializes in launch services, satellite manufacturing, and software used on spacecraft.
Rocket Lab works closely with government agencies such as NASA, the Defense Advanced Research Projects Agency (DARPA), and the U.S. Space Force. In the private sector, the company has launched satellites for Canon Electronics and Planet Labs.
While this is exciting progress for smaller players in the space economy, the competitive landscape is actually quite crowded.
Image source: Getty Images.
More competition than you might think
Think about it: Launching a rocket into orbit is a complex task, to say the least. For this reason, there are all sorts of companies that contribute to space operations, even if only at a peripheral level.
Some of the more obvious companies playing an integral role in space exploration are aerospace and defense contractors such as Boeing, Lockheed Martin, L3Harris Technologies, and Northrop Grumman. From equipment, satellite imaging, and mission-critical communications technology, there are loads of companies that provide products and services for spacecraft.
On the launching side of the equation, Rocket Lab competes more directly with Virgin Galactic, Astra Space, SpaceX, and Blue Origin -- the operation funded by Amazon founder Jeff Bezos.
Should you invest in Rocket Lab?
An investment in Rocket Lab is, in some ways, akin to a venture capital (VC) deal, which are known to support emerging companies during the earliest days of operations. In exchange for capital, VC investors acquire an equity stake that, in theory, could earn a multibagger return over the investment horizon.
As of the time of this writing, Rocket Lab stock was trading 50% below its IPO levels. So while it seems like reality is setting in for this once high-flying space innovator, investors with strong conviction around the space industry might see this as an opportunity.
One of the biggest challenges of rocket companies is capital restraints. Unlike SpaceX or Blue Origin, which the funding from large institutional investors and from Musk and Bezos, respectively, companies like Rocket Lab turned to the capital markets for liquidity purposes. The graph below illustrates Rocket Lab's cash and free cash flow over the last year. The dynamic here is that the company's burn rate is eating into its cash position at a noticeable rate.
RKLB cash and equivalents (quarterly) data by YCharts
If SpaceX's valuation as well as the sheer number of players in the rocket launching and satellite imaging realm are any indication, the upside for Rocket Labs could be enormous. But with that said, it's obvious that as the company continues to burn cash, it may have to turn to a secondary offering to raise capital. This action could dilute shareholders. For this reason, it's probably best to limit Rocket Lab to a small allocation in your portfolio and closely monitor its progress.
Should you invest $1,000 in Rocket Lab USA right now?
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Adam Spatacco has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin and Rocket Lab USA. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some of the more obvious companies playing an integral role in space exploration are aerospace and defense contractors such as Boeing, Lockheed Martin, L3Harris Technologies, and Northrop Grumman. On the launching side of the equation, Rocket Lab competes more directly with Virgin Galactic, Astra Space, SpaceX, and Blue Origin -- the operation funded by Amazon founder Jeff Bezos. Unlike SpaceX or Blue Origin, which the funding from large institutional investors and from Musk and Bezos, respectively, companies like Rocket Lab turned to the capital markets for liquidity purposes.
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Besides launching rockets, SpaceX also operates a satellite operation called Starlink. Unlike SpaceX or Blue Origin, which the funding from large institutional investors and from Musk and Bezos, respectively, companies like Rocket Lab turned to the capital markets for liquidity purposes. Before you buy stock in Rocket Lab USA, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Rocket Lab USA wasn't one of them.
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One lesser-known space stock that is liked by Cathie Wood, technology investor and CEO of Ark Invest, is Rocket Lab USA (NASDAQ: RKLB). RKLB cash and equivalents (quarterly) data by YCharts If SpaceX's valuation as well as the sheer number of players in the rocket launching and satellite imaging realm are any indication, the upside for Rocket Labs could be enormous. Before you buy stock in Rocket Lab USA, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Rocket Lab USA wasn't one of them.
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Besides launching rockets, SpaceX also operates a satellite operation called Starlink. What does Rocket Lab do? Unlike SpaceX or Blue Origin, which the funding from large institutional investors and from Musk and Bezos, respectively, companies like Rocket Lab turned to the capital markets for liquidity purposes.
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f71ac837-3d13-41fb-8f17-c604d3873e00
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2023-12-12 00:00:00 UTC
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2 Holiday Shopping Stocks Suggested by Current Conditions
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https://www.nasdaq.com/articles/2-holiday-shopping-stocks-suggested-by-current-conditions
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I
learned a long time ago that political bias is the enemy of good analysis, and therefore of successful trading and investing, but it still colors what we hear every day and therefore the investing decisions that many people are making. Right now, for example, there is some debate about where the U.S. economy is headed, despite that this is about something that should be observable and therefore objectively measured by data.
Those of a Republican bent keep repeating how terrible everyone’s economic situation is. That leads to absurdities such as Rick Santelli on CNBC’s Squawk Box this morning using the reporting of the November CPI data as an excuse to point out that the raw indices are at all-time highs, something which, barring a massive recession, is always true. Modern capitalism is the most successful economic system ever devised, but it is inflationary by nature. Prices, and therefore the indices that make up the CPI data, inevitably go up over time. If they are not at all time highs at any given moment, there is something seriously wrong. To Santelli, though, for whom everything is filtered through a political lens, this evidence of the economy operating normally was presented as a sign of how bad things are for America.
Meanwhile, supporters of the current President talk as if economic conditions had never been stronger, while completely ignoring that higher interest rates and much higher food and energy prices have squeezed consumers. The fact is that even though the numbers suggest that wages have increased quite significantly over the last few years, people say they don’t feel as well off as they did. At some point, consumers’ perceptions of their wealth and their future prospects will always become more important than their actual situation, but if you listen to too many White House spokespeople, you might think that everything is peachy and that, if there are any problems, they are somehow Donald Trump’s fault.
The truth, of course, is somewhere between the two extremes. Inflation may be slowing, but that signals a slowing in the rate of increase in prices, not an actual reduction in the cost of goods. An item may have only gone up by 5 cents last month rather than 10 cents in previous months, but it is still more expensive now than it was thirty days ago. Most consumers, faced with that situation, don’t feel particularly wealthy or secure. On the other hand, if you look at what people are actually doing rather than what they are saying, consumers are still consuming, with reports of a strong start to the holiday shopping season from both physical and online retailers.
So, what does all that tell us about which stocks to buy? What can benefit from a situation where consumers want to spend, but can actually afford less? This is not something to overthink, and there is an obvious answer here: discount stores.
Companies like Kohl’s (KSS) and TJX (TJX), the parent company of TJ Maxx, Marshall’s, Home Goods, and others, are where people go when they want to spend money, but don’t have a lot of it to spend. For holiday gifts, they still want brand name labels, just not brand name prices.
Neither stock looks like a real bargain at current levels, but in this case, that isn’t the point. Kohl’s has had problems this year in terms of inventory control and has disappointed on several fronts, so the stock looks somewhat risky based on performance and execution. The year for TJX has been smoother, but a forward P/E of around 24 suggests that it is, at best, fully valued. However, a big cash injection from holiday spending can cure a lot of ills for KSS and make a mockery of the profit forecasts on which the forward P/E of TJX is based.
We are in a holiday season where consumers want to spend, but paying credit card bills, and buying food, gas, and other basics have all become more expensive, leaving them with less to spend than they would like. That makes stores like Kohl’s and TJ Maxx more appealing. Without a big holiday bump, neither stock would have any massive appeal, but with an unbiased look at the consumer suggesting a desire to spend but less cash on hand, they both look like something worth owning for when results for December hit the wire.
The views and 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 leads to absurdities such as Rick Santelli on CNBC’s Squawk Box this morning using the reporting of the November CPI data as an excuse to point out that the raw indices are at all-time highs, something which, barring a massive recession, is always true. At some point, consumers’ perceptions of their wealth and their future prospects will always become more important than their actual situation, but if you listen to too many White House spokespeople, you might think that everything is peachy and that, if there are any problems, they are somehow Donald Trump’s fault. Without a big holiday bump, neither stock would have any massive appeal, but with an unbiased look at the consumer suggesting a desire to spend but less cash on hand, they both look like something worth owning for when results for December hit the wire.
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Companies like Kohl’s (KSS) and TJX (TJX), the parent company of TJ Maxx, Marshall’s, Home Goods, and others, are where people go when they want to spend money, but don’t have a lot of it to spend. However, a big cash injection from holiday spending can cure a lot of ills for KSS and make a mockery of the profit forecasts on which the forward P/E of TJX is based. That makes stores like Kohl’s and TJ Maxx more appealing.
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Companies like Kohl’s (KSS) and TJX (TJX), the parent company of TJ Maxx, Marshall’s, Home Goods, and others, are where people go when they want to spend money, but don’t have a lot of it to spend. We are in a holiday season where consumers want to spend, but paying credit card bills, and buying food, gas, and other basics have all become more expensive, leaving them with less to spend than they would like. Without a big holiday bump, neither stock would have any massive appeal, but with an unbiased look at the consumer suggesting a desire to spend but less cash on hand, they both look like something worth owning for when results for December hit the wire.
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Prices, and therefore the indices that make up the CPI data, inevitably go up over time. So, what does all that tell us about which stocks to buy? What can benefit from a situation where consumers want to spend, but can actually afford less?
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2023-12-12 00:00:00 UTC
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Rate Cut Reactions: 7 Meme Stocks to Buy or Sell Now
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https://www.nasdaq.com/articles/rate-cut-reactions%3A-7-meme-stocks-to-buy-or-sell-now
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investors know that the current expectations project rate cuts as early as March. The news is a major positive for the economy overall and suggests that we have avoided a recession. It affects stocks, including everything from value to growth to meme stocks.
That’s where we’ll be focusing today in this article: meme stocks. Generally speaking, meme stocks are becoming more attractive because they are riskier and growth-oriented. Those kinds of firms tend to do well in lower-rate environments. However, investing is never as simple as that. So, let’s look at seven of the more prominent shares in that conversation.
GameStop (GME)
Source: shutterstock.com/EchoVisuals
I think the outlook for GameStop (NYSE:GME) remains the same whether interest rates are high or low. I don’t think any investors should run the risk inherent in owning GameStop.
The company just released earnings, which weren’t good. GameStop’s revenues were worse than expected. However, bullish Investors are taking heart in the company’s announcement that it will alter its investment strategy. The company announced that it will now invest in equities, whereas it had previously directed its cash toward primarily government securities.
Investors should ignore this as a purported positive catalyst.
Hardware and software sales fell by roughly $30 million during the period. GameStop continues to head in the wrong direction. The only positive for the company really was that its net loss narrowed from $94.7 million to $3.1 million during the period. However, that was only a result of the drastic decline in SG&A expenses. Even with rate cuts that promise to pull everything higher in 2024, GME stock remains one to avoid.
AMC (AMC)
Source: rblfmr / Shutterstock.com
If you mention GameStop and its stock, you must also mention AMC (NYSE:AMC). While some meme investors will continue to remain bullish on AMC, I think it’s also wise to avoid it along with GameStop.
Not much has happened since AMC last reported results in early November. Investors who remain curious about AMC should simply look at those earnings results and the company’s decisions immediately after that release.
The results themselves were arguably positive. AMC generated a small profit of $12.3 million and an eight-cent EPS. Revenues increased by 45.2%, reaching $1.405 billion. Yet, AMC shares continue to move lower after the earnings report.
That’s partially explicable by decisions in the immediate wake of those earnings. AMC announced an additional stock offering that further dilutes current shareholder value. Further, movie attendance is still 16% lower than it was before the pandemic. That strongly suggests that the movie theater experience is not as attractive as it formerly was, which bodes very poorly for AMC.
AMD (AMD)
Source: JHVEPhoto / Shutterstock.com
AMD (NASDAQ:AMD) is going to continue what it does and challenge the competition for artificial intelligence market share. Pundits will continue to argue whether AMD has any realistic chance of catching its main rival, Nvidia. My advice, for what it’s worth, would be to avoid that argument and invest in both.
AMD recently announced its Instinct M1 300x accelerators at an event in San Jose. The company states that the new chips surpass Nvidia’s H100 chips in many respects. AMD claims that its chips will exceed application specifications for large language models (LLMs) but at a fraction of the price.
So, what should investors take away from the news? The answer is simple: AMD will continue to challenge Nvidia and its dominant position in the generative AI space and AI in general.
Yes, Nvidia’s chips and its talent are very likely better overall. That doesn’t mean there isn’t much room for AMD and others to carve out significant, profitable niches within the AI boom.
Tesla (TSLA)
Source: Khairil Azhar Junos/Shutterstock.com
Discussion about Tesla (NASDAQ:TSLA) and its stock is currently being dominated by news regarding the Cybertruck.
Deliveries of the much anticipated electric truck have begun in California and Texas. The company announced that deliveries in further states are to follow in 2024. It looks like those deliveries are for the top-of-the-line ‘Cyber Beast’ version. It also appears that those deliveries cost just above $122,000. It was previously expected that the top-of-the-line Cybertruck would cost just under $100k.
At the same time, investing in Tesla is really about whether to invest in the company as its profitability decreases. Tesla has slashed the prices on various models throughout 2023. The company is moving toward a model that relies heavily on volume to capture a more significant market share. I don’t think that invalidates Tesla as an investment at all. It remains a straightforward question: are there any better EV stocks? The answer is no.
Nvidia (NVDA)
Source: Evolf / Shutterstock.com
As mentioned in my discussion of AMD, I believe in Nvidia (NASDAQ:NVDA) and its stock. It isn’t a case of choosing A or B about the discussion of AMD and Nvidia. Choose both.
Nvidia has skyrocketed in 2023 because it is the leading chip manufacturer concerning the generative AI boom. The company’s H100 and A100 chips have been in high demand because they are the best. AMD’s new chips promise to challenge those chips and their dominance in data center applications.
Of course, Nvidia also recently announced its h200 chips, an improvement upon its h100 chips. Those chips are expected to be commercially available sometime in the second quarter of 2024. AMD’s new chip is also expected to be commercially available around the same time.
Both companies will continue to compete for market share in the sector. Nvidia h100 chips are in Greater demand, but AMD and its shares have not faltered at the same time. That means that the market understands that AMD is very much a competitor in the space. In other words, invest in both Nvidia and AMD for a chance at continued gains due to generative AI and large language models.
WeWork (WEWKQ)
Source: bbernard / Shutterstock
WeWork (OTCMKTS:WEWKQ) is and was a poorly run company in weak stock that investors should avoid.
Sometimes, you have to laugh at the statements that come out of the mouths of the company’s management. The company very recently filed for Chapter 11 bankruptcy and is currently in the process of restructuring. It has failed. It is hardly the time to make bold, arguably arrogant statements regarding its strengths. Yet CEO David Tolley Continues to refer to WeWork as the “leader in flexible work.”
WeWork is a leader in the space, but it’s a space that includes very few other firms. The company took on more than 4 billion dollars in debt to develop areas for remote workers for which demand never materialized. Now, the company Is rejecting 60 of those leases to slash its debt by roughly $3 billion. The only thing we work has proven to investors is that it’s phenomenally inept. No one should believe in the company, its leaders, or its forward vision.
Peloton (PTON)
Source: MIA Studio / Shutterstock.com
Peloton (NASDAQ:PTON) continues to deliver losses to investors. The entire purpose of a stock is to increase in value, have growing earnings, and provide value overall to investors. Peloton is not going to do that, which is why investors must avoid it.
Investors need to do nothing more than look at the company’s fundamentals to understand why it is a poor investment. The company’s membership numbers continue to decline. The number of Peloton members fell by 1% quarter over quarter. While that isn’t a significant decline and suggests that the membership losses are near zero, it’s still not a reason to invest.
Peloton reported a net loss of $159.4 million this quarter. Evidently, the company expanded too fast to take advantage of pandemic shutdowns and doesn’t have a sound business. There’s not much more to say about it Other than to reiterate that investing in PTON shares is a bad idea.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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The post Rate Cut Reactions: 7 Meme Stocks to Buy or Sell Now appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other words, invest in both Nvidia and AMD for a chance at continued gains due to generative AI and large language models. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Rate Cut Reactions: 7 Meme Stocks to Buy or Sell Now appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors know that the current expectations project rate cuts as early as March. The answer is simple: AMD will continue to challenge Nvidia and its dominant position in the generative AI space and AI in general. Tesla (TSLA) Source: Khairil Azhar Junos/Shutterstock.com Discussion about Tesla (NASDAQ:TSLA) and its stock is currently being dominated by news regarding the Cybertruck.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors know that the current expectations project rate cuts as early as March. WeWork (WEWKQ) Source: bbernard / Shutterstock WeWork (OTCMKTS:WEWKQ) is and was a poorly run company in weak stock that investors should avoid. 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 Rate Cut Reactions: 7 Meme Stocks to Buy or Sell Now appeared first on InvestorPlace.
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While some meme investors will continue to remain bullish on AMC, I think it’s also wise to avoid it along with GameStop. The answer is simple: AMD will continue to challenge Nvidia and its dominant position in the generative AI space and AI in general. At the same time, investing in Tesla is really about whether to invest in the company as its profitability decreases.
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2023-12-12 00:00:00 UTC
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Lawmakers call on US regulator to thwart Kroger-Albertsons deal
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https://www.nasdaq.com/articles/lawmakers-call-on-us-regulator-to-thwart-kroger-albertsons-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.
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.
“Albertsons Cos. merging with Kroger will expand competition, lower prices, protect union jobs, and enhance customers’ shopping experience,” a representative for Albertsons said in a statement.
The only parties that would benefit if the deal is blocked would be Amazon, Walmart and other large, non-union retailers, whereas a combined Kroger and Albertsons would ensure that neighborhood supermarkets can better compete with these retailing giants, the representative continued.
Kroger has 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.
(Reporting by Abigail Summerville in New York; Editing by Sharon Singleton and Franklin Paul)
((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 and Franklin Paul) ((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. 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. “Albertsons Cos. merging with Kroger will expand competition, lower prices, protect union jobs, and enhance customers’ shopping experience,” a representative for Albertsons said in a statement.
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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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6cffd434-5acf-463f-b400-efdfc64932b0
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712709.0
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2023-12-12 00:00:00 UTC
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US STOCKS-Wall St slips as investors assess November inflation data
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https://www.nasdaq.com/articles/us-stocks-wall-st-slips-as-investors-assess-november-inflation-data
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By Shristi Achar A and Johann M Cherian
Dec 12 (Reuters) - Wall Street's main indexes slipped on Tuesday following inflation data that was in line with estimates ahead of the U.S. Federal Reserve's policy decision later in the week, while losses in energy stocks also weighed.
Consumer Price Index (CPI) rose 3.1% on an annual basis in line with estimates from economists polled by Reuters. Core prices, excluding volatile items like food and energy costs, also matched expectations, rising 4% annually.
On a month-on-month basis, consumer prices rose 0.1% last month, compared with estimates of it remaining unchanged.
Traders pared earlier bets that the Fed could start interest rate cuts as soon as March and are now pricing the U.S. central bank's May meeting as the likeliest start for rate reductions.
"The Fed has been very clear they feel the risk of cutting rates too soon outweighs the risk of keeping them elevated for a longer period of time," Chris Larkin, managing director of trading and investing at E*Trade, said.
"Today's number aside ... the trends still point to a slowing economy and cooling inflation. That means lower rates are still on the 2024 horizon, just not as near as some people may be hoping."
Expectations that the U.S. central bank would start easing monetary policy from next year lifted the three main stock indexes to their highest close for the year on Monday.
The two-day Fed monetary policy meeting is currently underway. The European Central Bank and the Bank of England are also scheduled to deliver their policy verdicts later this week.
Seven of the 11 major S&P 500 sectors were in the red, with the energy sector .SPNY leading declines by 1.6% as crude prices slid over 2%.
At 9:45 a.m. ET, the Dow Jones Industrial Average .DJI was down 14.06 points, or 0.04%, at 36,390.87, the S&P 500 .SPX was down 13.23 points, or 0.29%, at 4,609.21, and the Nasdaq Composite .IXIC was down 39.46 points, or 0.27%, at 14,393.03.
Among megacap stocks, Google-parent Alphabet GOOGL.O lost 1.1%, after "Fortnite" maker Epic Games prevailed in its high-profile antitrust trial over the company.
OracleORCL.N fell 10.4% as the cloud services provider forecast third-quarter revenue below estimates on slowing demand for its cloud service.
Amgen AMGN.O rose 0.8%, limiting losses on the blue-chip Dow, after RBC Capital Markets upgraded the drugmaker's shares to "outperform" from "sector perform".
LucidLCID.O was down 9.1% after the electric-vehicle maker's CFO Sherry House stepped down.
Airbnb ABNB.O fell 3% after Barclays downgraded the rental firm's shares to "underweight" from "equal weight".
Declining issues outnumbered advancers for a 2.49-to-1 ratio on the NYSE and a 2.28-to-1 ratio on the Nasdaq.
The S&P index recorded 33 new 52-week highs and one new low, while the Nasdaq recorded 40 new highs and 61 new lows.
(Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Arun Koyyur and Shounak Dasgupta)
((Shristi.AcharA@thomsonreuters.com; https://twitter.com/ShristiAchar))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shristi Achar A and Johann M Cherian Dec 12 (Reuters) - Wall Street's main indexes slipped on Tuesday following inflation data that was in line with estimates ahead of the U.S. Federal Reserve's policy decision later in the week, while losses in energy stocks also weighed. Among megacap stocks, Google-parent Alphabet GOOGL.O lost 1.1%, after "Fortnite" maker Epic Games prevailed in its high-profile antitrust trial over the company. Amgen AMGN.O rose 0.8%, limiting losses on the blue-chip Dow, after RBC Capital Markets upgraded the drugmaker's shares to "outperform" from "sector perform".
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Consumer Price Index (CPI) rose 3.1% on an annual basis in line with estimates from economists polled by Reuters. On a month-on-month basis, consumer prices rose 0.1% last month, compared with estimates of it remaining unchanged. Expectations that the U.S. central bank would start easing monetary policy from next year lifted the three main stock indexes to their highest close for the year on Monday.
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By Shristi Achar A and Johann M Cherian Dec 12 (Reuters) - Wall Street's main indexes slipped on Tuesday following inflation data that was in line with estimates ahead of the U.S. Federal Reserve's policy decision later in the week, while losses in energy stocks also weighed. Traders pared earlier bets that the Fed could start interest rate cuts as soon as March and are now pricing the U.S. central bank's May meeting as the likeliest start for rate reductions. Expectations that the U.S. central bank would start easing monetary policy from next year lifted the three main stock indexes to their highest close for the year on Monday.
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Consumer Price Index (CPI) rose 3.1% on an annual basis in line with estimates from economists polled by Reuters. Traders pared earlier bets that the Fed could start interest rate cuts as soon as March and are now pricing the U.S. central bank's May meeting as the likeliest start for rate reductions. Expectations that the U.S. central bank would start easing monetary policy from next year lifted the three main stock indexes to their highest close for the year on Monday.
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07ae7609-c056-4f33-bdae-686e397e2a52
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712710.0
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2023-12-12 00:00:00 UTC
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Urban Outfitters (URBN) Gains From Business Strength Amid Risks
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https://www.nasdaq.com/articles/urban-outfitters-urbn-gains-from-business-strength-amid-risks
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Urban Outfitters, Inc. URBN has been performing well, driven by its robust business strategies, store-growth endeavors and solid fundamentals. Management has been strengthening its direct-to-consumer business, enhancing productivity across existing channels and optimizing its inventory levels. URBN also remains optimistic about the prospects of its Nuuly business.
The company has been witnessing solid momentum in its Retail segment, backed by strength in the Free People Group and the Anthropologie Group. In the third quarter of fiscal 2023, net sales at the Retail unit rose 7.3% to $1,145.8 million and comparable net sales of the Retail segment grew 5.6%. By brand, the comparable Retail segment’s net sales jumped 22.5% at the Free People Group and 13.2% at the Anthropologie Group.
Management remains optimistic with the sturdy overall consumer demand at the start of the fiscal fourth quarter. It anticipates the trend to continue throughout the quarter. The company’s overall sales growth is envisioned to be in the mid-single digits in the fourth-quarter, driven by a low-single-digit increase in the Retail segment’s comparable sales and high-double-digit growth in Nuuly.
URBN has been making investments in its strategic growth initiative, FP Movement, with digital and creative brand prospects. It believes that this initiative will lure a broader customer base to the Free People brand. Having a differentiated position in the fitness and wellness space, the FP Movement offers a significant growth opportunity and is expected to boost Free People’s brand revenues.
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have rallied 37.2% in the past year compared with the industry’s 9.8% growth.
Despite the positives, the company has been witnessing softness in its Wholesale segment. In the third quarter, net sales at the Wholesale unit dropped 3.6% to $69.9 million. The decline was attributable to a 3.5% decline in Free People Group wholesale sales on lower sales to department stores.
URBN has also been encountering rising costs and expenses of late. In the third quarter, its selling, general and administrative (“SG&A”) expenditures increased 12% year-over-year to $345.4 million. As a percentage of net sales, SG&A deleveraged 146 bps to 27%, mainly due to increased incentive-based compensation costs and elevated marketing and creative expenses. It expects fourth-quarter SG&A expenses to grow in the high-single digit range.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3% on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
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
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : 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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Having a differentiated position in the fitness and wellness space, the FP Movement offers a significant growth opportunity and is expected to boost Free People’s brand revenues. As a percentage of net sales, SG&A deleveraged 146 bps to 27%, mainly due to increased incentive-based compensation costs and elevated marketing and creative expenses. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
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In the third quarter of fiscal 2023, net sales at the Retail unit rose 7.3% to $1,145.8 million and comparable net sales of the Retail segment grew 5.6%. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the third quarter of fiscal 2023, net sales at the Retail unit rose 7.3% to $1,145.8 million and comparable net sales of the Retail segment grew 5.6%. The company’s overall sales growth is envisioned to be in the mid-single digits in the fourth-quarter, driven by a low-single-digit increase in the Retail segment’s comparable sales and high-double-digit growth in Nuuly. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company’s overall sales growth is envisioned to be in the mid-single digits in the fourth-quarter, driven by a low-single-digit increase in the Retail segment’s comparable sales and high-double-digit growth in Nuuly. MINISO Group operates as a retailer and wholesaler of lifestyle products. MarineMax’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter.
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1f1b2064-7278-4302-ba42-71c1ed5b3d28
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712711.0
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2023-12-12 00:00:00 UTC
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Scoop Up These 4 GARP Stocks to Receive Handsome Returns
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https://www.nasdaq.com/articles/scoop-up-these-4-garp-stocks-to-receive-handsome-returns-6
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If you are looking for a profitable portfolio of stocks offering the best of value and growth investing, try the growth at a reasonable price or GARP strategy.
The strategy helps investors gain exposure to undervalued stocks with impressive prospects. Unlike a blend strategy, a portfolio that uses GARP investing is expected to include stocks that offer the best of value and growth investing. Global Industrial Company GIC, Arcos Dorados ARCO, NVIDIA NVDA and Sterling Infrastructure STRL are some GARP stocks that hold promise.
GARP Metrics — Mix of Growth & Value Metrics
The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. Investors adopting the GARP approach prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. These stocks also have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and so on.
Growth Metrics
A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. Hence, growth rates between 10% and 40% are considered ideal under the GARP strategy.
Another metric that growth and GARP investors consider is return on equity (ROE). GARP investors look for a strong and higher ROE than the industry average to identify superior stocks. Moreover, stocks with positive cash flows find precedence under the GARP plan.
Value Metrics
GARP investing prioritizes the popular value metrics — the price-to-earnings (P/E) and price-to-book (P/B) ratios. Though this investing style picks stocks with higher P/E ratios than value investors, it avoids companies with extremely high P/E ratios.
Using the GARP principle, we ran a screen to identify stocks that should offer solid returns in the near term.
Screening Parameters
Along with the criteria discussed in the above section, we have considered a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Last 5-year EPS & projected 3-5-year EPS growth rates between 10% and 40% (Strong EPS growth history and prospects ensure improving business.)
ROE (over the past 12 months) greater than the industry average (Higher ROE than the industry average indicates superior stocks.)
P/E and P/B ratios less than the M-industry average (P/E and P/B ratios less than that of the industry indicate that the stocks are undervalued.)
Here are four of the six stocks that made it through the screen:
Global Industrial Company is an industrial distributor of industrial, and maintenance, repair and operation ("MRO") products in North America. The company currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Global Industrial Company has gained 60.8% on a year-to-date basis. It has a trailing four-quarter earnings surprise of 8.55% on average. The Zacks Consensus Estimate for GIC’s 2023 earnings has moved 2.8% north to $1.85 per share over the past 60 days.
Arcos Dorados operates as a franchisee of McDonald's, with its operations divided in Brazil, North Latin America division, South Latin America and the Caribbean division. It also runs quick-service restaurants in Latin America and the Caribbean. ARCO currently flaunts a Zacks Rank #1.
Arcos Dorados has gained 48.2% on a year-to-date basis. It delivered a trailing four-quarter earnings surprise of 28.3% on average. The Zacks Consensus Estimate for ARCO’s 2023 earnings has moved 9.4% north to 82 cents per share over the past 60 days.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. The company currently flaunts a Zacks Rank #1.
NVIDIA has gained 219.2% on a year-to-date basis. It has a trailing four-quarter earnings surprise of 18.9% on average. The Zacks Consensus Estimate for NVDA’s fiscal 2024 earnings has been revised upward by 14.4% to $12.29 per share over the past 60 days.
Sterling Infrastructure operates through subsidiaries within segments specializing in E-Infrastructure, Building and Transportation Solutions that aid in developing large-scale site development systems and services projects, residential and commercial concrete foundation projects, and infrastructure and rehabilitation projects for highways, roads and bridges to name a few. The company currently carries a Zacks Rank #2.
Sterling Infrastructure has gained 115.1% on a year-to-date basis. It has a trailing four-quarter earnings surprise of 12.18% on average. The Zacks Consensus Estimate for 2023 earnings has moved 2.4% north to $4.19 per share over the past 60 days.
Get the remaining stocks on the list and start testing this and other ideas. It can all be done with the Research Wizard stock picking and back-testing software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance.
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
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report
Global Industrial Company (GIC) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors adopting the GARP approach prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. And the next time you read an economic report, open up the Research Wizard, plug your finds in and see what gems come out. 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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Global Industrial Company GIC, Arcos Dorados ARCO, NVIDIA NVDA and Sterling Infrastructure STRL are some GARP stocks that hold promise. Last 5-year EPS & projected 3-5-year EPS growth rates between 10% and 40% (Strong EPS growth history and prospects ensure improving business.) Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Global Industrial Company GIC, Arcos Dorados ARCO, NVIDIA NVDA and Sterling Infrastructure STRL are some GARP stocks that hold promise. GARP Metrics — Mix of Growth & Value Metrics The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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If you are looking for a profitable portfolio of stocks offering the best of value and growth investing, try the growth at a reasonable price or GARP strategy. And the next time you read an economic report, open up the Research Wizard, plug your finds in and see what gems come out. Want the latest recommendations from Zacks Investment Research?
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b1e7b6e3-7bcf-46d9-ba29-6b42518918f1
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712712.0
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2023-12-12 00:00:00 UTC
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Emerson (EMR) Selected as Automation Partner by Korea's SungEel
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https://www.nasdaq.com/articles/emerson-emr-selected-as-automation-partner-by-koreas-sungeel
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Emerson Electric Co. EMR has been selected by Korea-based lithium-ion battery recycling company SungEel HiTech Co., Ltd. to provide state-of-the-art automation solutions to its Gunsan, Jeollabuk-do located Hydro Center complex’s latest three lithium-ion recycling plants. This deal supports sustainable production and operational efficiency goals of the recycling plants.
Per the deal, Emerson will combine its process automation technology with SungEel’s unique battery recycling methods. The collaboration between the two companies aims to establish a strong resource cycle to enable a steady supply of battery materials for electric vehicles to bolster the world's total production capacity.
Also, EMR’s modern instruments and valve solutions, including a variety of flow, level, pressure, and pH sensors and transmitters, and control valves, will provide the high levels of performance, preciseness and reliability needed for SungEel’s advanced proprietary hydrometallurgical processes.
Lately, Emerson has been awarded a series of contracts, which are likely to drive its growth. In March, the company was selected by the solar energy company Lodestone Energy to provide advanced automation solutions to New Zealand's first large-scale solar photovoltaic power project.
Per the deal, Lodestone leveraged EMR’s Ovation distributed control system and OCR3000 controller to provide comprehensive control to curtail variability and intermittency impact in solar PV power generation. Using this technology, operators were able to quickly respond to grid frequency events. It also helped them in monitoring solar PV operations from the control room or mobile devices, measuring, monitoring and reporting key performance indicators to maximize the visibility of plant operations.
Price Performance
In the past year, the EMR stock has declined 8.5% against the industry’s 12.1% increase.
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Emerson currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked companies from the Industrial Products sector are discussed below:
Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FLS delivered a trailing four-quarter average earnings surprise of 27.3%. In the past 60 days, the Zacks Consensus Estimate for Flowserve’s 2023 earnings has increased 3.1%. The stock has risen 25.7% in the past year.
Applied Industrial Technologies, Inc. AIT presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 13.9%.
The consensus estimate for AIT’s fiscal 2024 earnings has increased 3.3% in the past 60 days. Shares of Applied Industrial have jumped 29.1% in the past year.
A. O. Smith Corporation AOS currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 14%.
In the past 60 days, the consensus estimate for A. O. Smith’s 2023 earnings has improved 5%. The stock has risen 31.5% 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
Emerson Electric Co. (EMR) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Flowserve Corporation (FLS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
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 collaboration between the two companies aims to establish a strong resource cycle to enable a steady supply of battery materials for electric vehicles to bolster the world's total production capacity. Also, EMR’s modern instruments and valve solutions, including a variety of flow, level, pressure, and pH sensors and transmitters, and control valves, will provide the high levels of performance, preciseness and reliability needed for SungEel’s advanced proprietary hydrometallurgical processes. 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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Emerson Electric Co. EMR has been selected by Korea-based lithium-ion battery recycling company SungEel HiTech Co., Ltd. to provide state-of-the-art automation solutions to its Gunsan, Jeollabuk-do located Hydro Center complex’s latest three lithium-ion recycling plants. In March, the company was selected by the solar energy company Lodestone Energy to provide advanced automation solutions to New Zealand's first large-scale solar photovoltaic power project. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Emerson Electric Co. EMR has been selected by Korea-based lithium-ion battery recycling company SungEel HiTech Co., Ltd. to provide state-of-the-art automation solutions to its Gunsan, Jeollabuk-do located Hydro Center complex’s latest three lithium-ion recycling plants. Image Source: Zacks Investment Research Zacks Rank & Other Stocks to Consider Emerson currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This deal supports sustainable production and operational efficiency goals of the recycling plants. Image Source: Zacks Investment Research Zacks Rank & Other Stocks to Consider Emerson currently sports a Zacks Rank #1 (Strong Buy). 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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712713.0
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2023-12-12 00:00:00 UTC
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Year-End Travel Set to Hit Record High: 4 Stocks in Focus
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https://www.nasdaq.com/articles/year-end-travel-set-to-hit-record-high%3A-4-stocks-in-focus
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Higher fuel costs have posed a major challenge for airlines but the ongoing holiday season appears to be one of the best ones for airline operators. After witnessing robust traffic during the Thanksgiving weekend, airline companies are gearing up to handle even bigger traffic during the Christmas weekend.
Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL.
Christmas Travel to Soar
According to the American Automobile Association (AAA), the 2023 holiday season is projected to be the busiest period for domestic air travel in more than two decades or since it started tracking in 2000.
The Thanksgiving weekend already saw record domestic traffic and now the AAA projects 7.5 million passengers traveling through U.S. airports during the 10-day holiday season between Christmas and New Year, higher than the 7.3 million recorded in 2019.
The average cost of round-trip tickets has been recorded as "slightly lower" than previous years.
“This year-end holiday forecast, with an additional 2.5 million travelers compared to last year, mirrors what AAA Travel has been observing throughout 2023,” Paula Twidale, Senior Vice President of AAA Travel, said.
According to the AAA, the number of people opting for alternative modes of travel, such as trains or cruises, is expected to exceed 2019 levels. This marks a 2.2% increase from 2022 and stands as the second-highest number since the AAA began recording travel data in 2000.
Last year, inclement weather disrupted travel plans during this period, leading numerous airlines to cancel thousands of flights nationwide. However, this year, most airlines are better prepared to handle such situations more efficiently.
Airline companies were one of the biggest casualties of the pandemic that brought travel to a standstill. This saw all major U.S. airline companies incurring huge losses in 2020 and 2021.
The following year saw traffic picking up but 2023 has so far merged as a turnaround year for airlines.
The removal of pandemic-induced restrictions has led to a surge in pent-up demand for air travel. Despite significant challenges posed by increased fuel and labor costs in the airline industry, there is considerable optimism surrounding air travel this year.
Airlines are actively preparing to accommodate the heightened demand by adding more seats per day during the period. Additionally, enticing discounts are being offered as part of efforts to attract more passengers.
Stocks to Watch
Given this situation, it would be ideal to keep these four airline stocks on your radar.
American Airlines Group Inc.’s wholly-owned subsidiaries are American Airlines, Envoy Aviation Group, PSA Airlines and Piedmont Airlines. AAL’s primary business is to provide passenger and cargo services.
American Airlines Group’s expected earnings growth rate for the current year is 378%. Shares of AAL have gained 16.3% in the past 30 days. American Airlines Grouppresently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Southwest Airlines is a passenger airline that provides scheduled air transportation in the United States and 'ten near-international' markets. LUV is one of the largest domestic air carriers (measured in terms of the number of domestic originating passengers boarded) in the United States.
Southwest Airlines’ expected earnings growth rate for the current year is 19.8%. Shares of LUV have gained 26.7% in the past 30 days. Southwest Airlines presently has a Zacks Rank #3.
Delta Air Lines, Inc. is one of the four carriers that controls the majority of the U.S. aviation market (the carriers account for more than 60% of the domestic market share).
Delta Air Lines’expected earnings growth rate for the current year is 90.6%. Shares of DAL have gained 18.9% in the past 30 days. Delta Air Linescurrently has a Zacks Rank #3.
United Airlines Holdings, Inc. transports people and cargo not only throughout North America but also to destinations in Asia, Europe, the Middle East and Latin America. UAL’s hubs are at Newark Liberty International Airport, Chicago O’Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport.
United Airlines Holdings’ expected earnings growth rate for the current year is 285.3%. Shares of UAL have gained 6.8% in the past 30 days. United Airlines Holdings presently has a Zacks Rank #3.
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
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : 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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According to the AAA, the number of people opting for alternative modes of travel, such as trains or cruises, is expected to exceed 2019 levels. Last year, inclement weather disrupted travel plans during this period, leading numerous airlines to cancel thousands of flights nationwide. Despite significant challenges posed by increased fuel and labor costs in the airline industry, there is considerable optimism surrounding air travel this year.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL. The Thanksgiving weekend already saw record domestic traffic and now the AAA projects 7.5 million passengers traveling through U.S. airports during the 10-day holiday season between Christmas and New Year, higher than the 7.3 million recorded in 2019. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL. American Airlines Group Inc.’s wholly-owned subsidiaries are American Airlines, Envoy Aviation Group, PSA Airlines and Piedmont Airlines. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Hence, investors should utilize this opportunity and invest in airline stocks like American Airlines Group Inc. AAL, Southwest Airlines LUV, Delta Air Lines, Inc. DAL and United Airlines Holdings, Inc. UAL. The Thanksgiving weekend already saw record domestic traffic and now the AAA projects 7.5 million passengers traveling through U.S. airports during the 10-day holiday season between Christmas and New Year, higher than the 7.3 million recorded in 2019. Want the latest recommendations from Zacks Investment Research?
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f0e5b20f-1c20-4616-b039-8526aa0ddb09
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712714.0
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2023-12-12 00:00:00 UTC
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Validea's Top Industrial Stocks Based On Peter Lynch - 12/12/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-peter-lynch-12-12-2023
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The following are the top rated Industrial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
STANDEX INTERNATIONAL CORP (SXI) is a small-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Standex International Corporation is a diversified industrial manufacturing company. The Company operates through five segments. Its Electronics segment manufactures and sells electronic components for applications throughout the end user market spectrum. Its Engraving segment provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for several industries. Its Scientific segment sells specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets. Its Engineering Technologies segment provides net and near net formed single-source customized solutions in the manufacture of engineered components. Its Specialty segment manufactures and sells refrigerated, heated and dry merchandizing display cases and single and double acting telescopic and piston rod hydraulic cylinders.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of STANDEX INTERNATIONAL CORP
SXI Guru Analysis
SXI Fundamental Analysis
FEDEX CORP (FDX) is a large-cap growth stock in the Air Courier industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively and operating independently, under the FedEx brand. The Company's segments include FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of United States domestic and international shipping services for delivery of packages and freight. The FedEx Ground segment provides small-package ground delivery services, which includes day-certain service to any business address in the United States and Canada, as well as residential delivery services through its FedEx Home Delivery service. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support the Company's operating segments.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FEDEX CORP
FDX Guru Analysis
FDX Fundamental Analysis
NVENT ELECTRIC PLC (NVT) is a mid-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: nVent Electric plc is a global provider of electrical connection and protection solutions. The Company designs, manufactures, markets, installs and services products and solutions. It operates in three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control and power equipment. Its cooling, power distribution and enclosures solutions manage power and create protected operating environments for applications. The Electrical & Fastening Solutions segment provides fastening solutions that connect and protect electrical and mechanical systems and civil structures. The Thermal Management segment provides electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes and people. It has a portfolio of brands, including nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, TRACER, ILSCO, Gardner Bender, and King Innovation.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NVENT ELECTRIC PLC
NVT Guru Analysis
NVT Fundamental Analysis
CSW INDUSTRIALS INC (CSWI) is a mid-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: CSW Industrials, Inc. is a diversified industrial company with operations in three segments, namely Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. The Contractor Solutions segment manufactures efficiency and performance enhancing products for residential and commercial heating, ventilation, air conditioning and refrigeration and plumbing applications, which are designed for professional end use customers. Its brands include Balco, Balco IllumiTread, Balco MetaflexPro and BlazeSeal. The Engineered Building Solutions segment provides primarily code-driven, life-safety products that are engineered to provide solutions for the construction, refurbishment and modernization of commercial, institutional and multi-family residential buildings. The Specialized Reliability Solutions segment manufactures and supplies specialized consumables that impart or enhance properties, such as lubricity, anti-seize qualities, friction, sealing, and heat control.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CSW INDUSTRIALS INC
CSWI Guru Analysis
CSWI Fundamental Analysis
VALMONT INDUSTRIES, INC. (VMI) is a mid-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Peter Lynch is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets. The Company operates in two segments: Infrastructure and Agriculture. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, renewable energy, lighting, transportation, and telecommunications, and coatings services to preserve metal products. Its Infrastructure segment is comprised of five primary product lines: Transmission, Distribution, and Substation; Lighting and Transportation; Coatings; Telecommunications, and Renewable Energy. The Agriculture segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It also develops technology for precision application, including predictive, autonomous crop and irrigation management.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of VALMONT INDUSTRIES, INC.
VMI Guru Analysis
VMI Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its Specialty segment manufactures and sells refrigerated, heated and dry merchandizing display cases and single and double acting telescopic and piston rod hydraulic cylinders. The Contractor Solutions segment manufactures efficiency and performance enhancing products for residential and commercial heating, ventilation, air conditioning and refrigeration and plumbing applications, which are designed for professional end use customers. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of FEDEX CORP FDX Guru Analysis FDX Fundamental Analysis NVENT ELECTRIC PLC (NVT) is a mid-cap growth stock in the Electronic Instr. Detailed Analysis of NVENT ELECTRIC PLC NVT Guru Analysis NVT Fundamental Analysis CSW INDUSTRIALS INC (CSWI) is a mid-cap growth stock in the Constr. Detailed Analysis of VALMONT INDUSTRIES, INC. VMI Guru Analysis VMI Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support the Company's operating segments. Company Description: CSW Industrials, Inc. is a diversified industrial company with operations in three segments, namely Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Detailed Analysis of VALMONT INDUSTRIES, INC. VMI Guru Analysis VMI Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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The Company designs, manufactures, markets, installs and services products and solutions. Company Description: CSW Industrials, Inc. is a diversified industrial company with operations in three segments, namely Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. Company Description: Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets.
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2f389c91-c3cd-4887-b971-c666b62ba0bf
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712715.0
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2023-12-12 00:00:00 UTC
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Alphabet Inc. (GOOG) Stock Slides as Market Rises: Facts to Know Before You Trade
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DCOMP
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https://www.nasdaq.com/articles/alphabet-inc.-goog-stock-slides-as-market-rises%3A-facts-to-know-before-you-trade
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In the latest trading session, Alphabet Inc. (GOOG) closed at $133.20, marking a -0.57% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Meanwhile, the Dow experienced a rise of 0.43%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Prior to today's trading, shares of the company had lost 1.77% over the past month. This has lagged the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 6.94% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Alphabet Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.60, signifying a 52.38% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $70.64 billion, indicating a 11.9% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.75 per share and a revenue of $254.8 billion, demonstrating changes of +26.1% and +8.95%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Alphabet Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. Alphabet Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Alphabet Inc. is currently trading at a Forward P/E ratio of 23.28. Its industry sports an average Forward P/E of 26.86, so one might conclude that Alphabet Inc. is trading at a discount comparatively.
We can also see that GOOG currently has a PEG ratio of 1.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 2.36 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 67, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alphabet Inc. (GOOG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alongside, our most recent consensus estimate is anticipating revenue of $70.64 billion, indicating a 11.9% upward movement from the same quarter last year. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The 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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In the latest trading session, Alphabet Inc. (GOOG) closed at $133.20, marking a -0.57% move from the previous day. For the full year, the Zacks Consensus Estimates project earnings of $5.75 per share and a revenue of $254.8 billion, demonstrating changes of +26.1% and +8.95%, respectively, from the preceding year. Click to get this free report Alphabet Inc. (GOOG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the full year, the Zacks Consensus Estimates project earnings of $5.75 per share and a revenue of $254.8 billion, demonstrating changes of +26.1% and +8.95%, respectively, from the preceding year. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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In the latest trading session, Alphabet Inc. (GOOG) closed at $133.20, marking a -0.57% move from the previous day. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Want the latest recommendations from Zacks Investment Research?
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9da9f279-ca03-4979-a1e1-ce3bf05dff51
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712716.0
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2023-12-12 00:00:00 UTC
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Brokers Suggest Investing in Uber (UBER): Read This Before Placing a Bet
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DCOMP
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https://www.nasdaq.com/articles/brokers-suggest-investing-in-uber-uber%3A-read-this-before-placing-a-bet-1
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Uber Technologies (UBER).
Uber currently has an average brokerage recommendation (ABR) of 1.14, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 35 brokerage firms. An ABR of 1.14 approximates between Strong Buy and Buy.
Of the 35 recommendations that derive the current ABR, 31 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 88.6% and 8.6% of all recommendations.
Brokerage Recommendation Trends for UBER
Check price target & stock forecast for Uber here>>>
While the ABR calls for buying Uber, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is UBER Worth Investing In?
In terms of earnings estimate revisions for Uber, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $0.37.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uber. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Uber.
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
Uber Technologies, Inc. (UBER) : 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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Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
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Uber currently has an average brokerage recommendation (ABR) of 1.14, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
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Uber currently has an average brokerage recommendation (ABR) of 1.14, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Uber.
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Brokerage Recommendation Trends for UBER According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
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712717.0
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2023-12-12 00:00:00 UTC
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This "Dividend Unicorn" Has Sent Its Payout Soaring, Yields 7.4%
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DCOMP
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https://www.nasdaq.com/articles/this-dividend-unicorn-has-sent-its-payout-soaring-yields-7.4
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What if I told you I'd uncovered a dividend "unicorn": a stock with a 7.4% yield that's hiked its payout by five digits in the last 14 years?
It's the kind of thing that "breaks" common investing wisdom. Most folks, after all, think you can have a high yield or a fast-growing payout, but not both. Verizon (VZ) is the classic case, with its 6.9% current yield. Sure, the telco's payout does grow, but only around a penny a year.
Verizon's "Pay a Lot, Grow a Little" Dividend
On the other side of the scale is a company like Mastercard (MA), whose dividend has soared 500% in the last decade, from just $0.11 quarterly to today's level of $0.66.
The trade-off is that you'll only get a 0.6% current yield, but Mastercard investors don't care. They're too busy counting their gains, thanks to the 421% total return they've booked, as the dividend marched higher with the share price.
Mastercard's Fast Payout Growth Drives a Big Return
To be honest, we agree with both sides of the dividend-growth-versus-high-yield debate here at Contrarian Outlook. We seek out high, steady yields in our Contrarian Income Report service, whose portfolio boasts several stocks and funds yielding north of 8% as I write this. On the dividend-growth side, we have Hidden Yields, where we recommend stocks with soaring dividends, which are a key driver of share prices, as you can see with Mastercard above.
But every now and then we run across a stock like life insurer Lincoln National Corp. (LNC), which offers high yield and strong payout growth. LNC yields 7.4% today and has hiked its payout 4,400% since the trough of the 2008/'09 financial crisis in March 2009.
LNC's Payout Bounces Back From the '08 Crisis
LNC has already handed Hidden Yields investors a 20.7% total return in a little over seven months, since our April 2023 buy call on the stock, as of this writing. That translates to a 32.8% annualized return.
The firm is a 118-year-old insurer that's a case study in a rising payout pulling a stock price higher--a phenomenon I call the "Dividend Magnet." Consider the chart below: you can clearly see the pattern of LNC's share price (in orange) tracking its dividend growth (in purple) since payouts started in the 1980s.
LNC's Dividend Magnet Is Due
To be sure, management brought in a steep cut during the '08/'09 crisis, but we can forgive LNC--it was far from alone, especially among financial stocks, back then.
Here's the key thing: Every time LNC's price drops too far behind the payout, it gets pulled back up. And right now, its Dividend Magnet is overdue to haul its stock higher again.
LNC has more going for it, too. Let's review the tape, starting with our initial Hidden Yields buy call in April 2023.
How Our Spring LNC Buy Drove a Quick 20.7% Return
Back in April, LNC was about as cheap a stock as we'd ever seen, trading at a P/E ratio below three. Three! And it was paying a rich 8.3% yield back then, too.
These days it's still well within the bargain category, trading at 4.5-times its 12-month projected EPS.
Why so cheap? LNC ran into some liquidity problems in late 2022, likely because it bought a bunch of Treasuries just before they plunged, as was the case with Silicon Valley Bank.
Scary comparison, I know, but that was the reason for the sale on the stock: it was priced into the company's P/E and its book value. Back in April, LNC traded for 64% of the value of its physical assets. In other words, we had the opportunity to get its insurance, annuity, group benefits and retirement planning businesses--not to mention its 118-year-old brand--for free.
Moreover, we correctly believed the issues were transitory. Lincoln National raised money by issuing preferred shares, and let me tell ya, no one buys preferred shares of a company in trouble. What's more, its Treasury bond positions are bouncing back as interest rates ease.
Meantime, LNC's dividend was, and remains, sustainable. The company pays 41% of its last 12 months of free cash flow (FCF) as dividends, below the 50% "safety line" I like to see in regular stocks. (Note that some other types of investments can have higher ratios while sustaining dividends, like real estate investment trusts [REITs], which get steady, predictable rents from their tenants.)
The stock was way too cheap, so I pounded the table in the April issue of Hidden Yields, and it went on to deliver that quick 20.7% return.
As the company finishes using excess FCF to shore up its balance sheet and resumes payout hikes, it's likely to move solidly into the "dividend growth" camp: Further hikes would attract more investors, driving the share price up and the dividend yield down. That's a good thing--and another reason to give LNC a look now.
More on LNC--and 4 More "Dividend Magnet" Plays Set to Soar in '24
LNC, along with 4 other dividend growers, combine to form my 5-stock "Dividend Magnet" portfolio. Every stock inside boasts a soaring payout primed to send its price skyrocketing in the years ahead.
Here's the key takeaway: Now, as interest rates roll over, is the perfect time to buy these 5 unloved payout growers. As Treasuries and other fixed-income investments yield less, investors will flock their way.
Click here and I'll tell you more about these 5 soaring dividends and how we'll ride them to serious price gains. I'll also give you a chance to download a FREE Special Report naming all five--and invite you to "road test" Hidden Yields for 60 days, too. Don't miss your chance to grab these 5 soaring payouts now, while they're cheap.
Also see:
Warren Buffett Dividend Stocks
Dividend Growth Stocks: 25 Aristocrats
Future Dividend Aristocrats: Close Contenders
The views and 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 the dividend-growth side, we have Hidden Yields, where we recommend stocks with soaring dividends, which are a key driver of share prices, as you can see with Mastercard above. But every now and then we run across a stock like life insurer Lincoln National Corp. (LNC), which offers high yield and strong payout growth. The firm is a 118-year-old insurer that's a case study in a rising payout pulling a stock price higher--a phenomenon I call the "Dividend Magnet."
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But every now and then we run across a stock like life insurer Lincoln National Corp. (LNC), which offers high yield and strong payout growth. How Our Spring LNC Buy Drove a Quick 20.7% Return Back in April, LNC was about as cheap a stock as we'd ever seen, trading at a P/E ratio below three. Also see: Warren Buffett Dividend Stocks Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The views and 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 the company finishes using excess FCF to shore up its balance sheet and resumes payout hikes, it's likely to move solidly into the "dividend growth" camp: Further hikes would attract more investors, driving the share price up and the dividend yield down. More on LNC--and 4 More "Dividend Magnet" Plays Set to Soar in '24 LNC, along with 4 other dividend growers, combine to form my 5-stock "Dividend Magnet" portfolio. Also see: Warren Buffett Dividend Stocks Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The views and 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 the dividend-growth side, we have Hidden Yields, where we recommend stocks with soaring dividends, which are a key driver of share prices, as you can see with Mastercard above. LNC has already handed Hidden Yields investors a 20.7% total return in a little over seven months, since our April 2023 buy call on the stock, as of this writing. LNC has more going for it, too.
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efab1878-cf02-4a6e-a5df-d935da3423f6
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712718.0
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2023-12-12 00:00:00 UTC
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Thermo Fisher (TMO) Launches New Solutions for Clinical Labs
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https://www.nasdaq.com/articles/thermo-fisher-tmo-launches-new-solutions-for-clinical-labs
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Thermo Fisher Scientific TMO introduced new sample preparation solutions to simplify and automate respiratory diagnostic testing. The company launched the Thermo Scientific KingFisher Apex Dx, an automated nucleic acid purification instrument and Applied Biosystems MagMAX Dx Viral/Pathogen NA Isolation Kit for the isolation and purification of viral and bacterial pathogens from respiratory biological specimens.
The recent development will further strengthen the company’s Life Science Solutions segment.
About Thermo Scientific KingFisher Apex Dx
Clinical laboratories that perform respiratory testing need to generate the highest quality results. To meet their needs, the high-throughput, versatile KingFisher Apex Dx system enables scientists’ labs to recover quality nucleic acids for sensitive downstream applications with maximum consistency, reproducibility, and reliability. The system is designed to be part of a modular sample preparation to real-time PCR analysis workflow, providing precise results, accurate data management and robust security features that meet cybersecurity and diagnostic regulatory standards.
Image Source: Zacks Investment Research
The KingFisher Apex Dx system automates the extraction of up to 24 or 96 DNA, RNA, protein, or cell samples and transitions from clinical research to diagnostics by offering research use only and IVD software modes. It can be integrated with a Laboratory Information Management System or Laboratory Information System via Diomni Enterprise Software for enhanced data management and workflow optimization.
About Applied Biosystems MagMAX Dx Viral/Pathogen NA Isolation Kit
The MagMAX Dx Viral/Pathogen NA Isolation kit offers advanced formulation to ensure reproducible results and is automation-compatible with the KingFisher Apex Dx. The solution offers a new advanced formulation to maximize nucleic acid yield from routinely tested respiratory pathogens such as S. aureus, M. tuberculosis, influenza, RSV and SARS-CoV-2.
This kit also helps laboratories meet greener policies with REACH-compliant components and responsibly sourced packaging. Currently, the kit is available in in North America and coming soon to other regions.
More on the News
The KingFisher Apex Dx system builds on decades of product expertise and innovations, which have placed customers’ trust in the KingFisher instrument line. Per Thermo Fisher’s representative, the combination of the Apex Dx system and the MagMAX Dx Viral/Pathogen NA Isolation Kit further simplifies sample preparation for clinical labs so they can have confidence in downstream results when testing for respiratory diseases.
Together, these products provide laboratories with an in vitro diagnostic and in vitro diagnostic regulation approved automated sample preparation solutions for increased confidence in downstream results.
Industry Prospects
Per a Research report, the global life science tools market was valued at $144.1 billion in 2022 and is expected to witness a CAGR of 10.8% in the 2023-2030 period.
Recent Highlights in the Life Science Solutions Segment
Last month, Thermo Fisher and Flagship Pioneering expanded their ongoing strategic partnership to develop and commercially scale multi-product platforms on an accelerated basis. Together, the companies aim to create a new platform focused on novel tools and capabilities that seek to power the biotech ecosystem and accelerate the development of first-in-class therapies.
Price Performance
In the past six months, TMO shares have decreased 5.9% compared with the industry’s fall of 9.1%.
Zacks Rank and Key Picks
Thermo Fisher currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader medical space are Haemonetics HAE, Insulet PODD and DexCom DXCM. Haemonetics and DexCom each presently carry a Zacks Rank #2 (Buy), and Insulet sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Haemonetics’ stock has gained 4.1% in the past year. Earnings estimates for Haemonetics have increased from $3.86 to $3.89 in 2023 and $4.11 to $4.15 in 2024 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for Insulet’s 2023 earnings per share have remained unchanged at $1.91 in the past 30 days. Shares of the company have dropped 37.7% in the past year compared with the industry’s decline of 8.1%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.4%.
Estimates for DexCom’s 2023 earnings per share have increased from $1.41 to $1.43 in the past 30 days and to $1.44 in the past seven days. Shares of the company have decreased 1.4% in the past year compared with the industry’s decline of 7.7%.
DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.
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.
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Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
Haemonetics Corporation (HAE) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Insulet Corporation (PODD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To meet their needs, the high-throughput, versatile KingFisher Apex Dx system enables scientists’ labs to recover quality nucleic acids for sensitive downstream applications with maximum consistency, reproducibility, and reliability. The system is designed to be part of a modular sample preparation to real-time PCR analysis workflow, providing precise results, accurate data management and robust security features that meet cybersecurity and diagnostic regulatory standards. Recent Highlights in the Life Science Solutions Segment Last month, Thermo Fisher and Flagship Pioneering expanded their ongoing strategic partnership to develop and commercially scale multi-product platforms on an accelerated basis.
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The company launched the Thermo Scientific KingFisher Apex Dx, an automated nucleic acid purification instrument and Applied Biosystems MagMAX Dx Viral/Pathogen NA Isolation Kit for the isolation and purification of viral and bacterial pathogens from respiratory biological specimens. About Applied Biosystems MagMAX Dx Viral/Pathogen NA Isolation Kit The MagMAX Dx Viral/Pathogen NA Isolation kit offers advanced formulation to ensure reproducible results and is automation-compatible with the KingFisher Apex Dx. Click to get this free report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company launched the Thermo Scientific KingFisher Apex Dx, an automated nucleic acid purification instrument and Applied Biosystems MagMAX Dx Viral/Pathogen NA Isolation Kit for the isolation and purification of viral and bacterial pathogens from respiratory biological specimens. Image Source: Zacks Investment Research The KingFisher Apex Dx system automates the extraction of up to 24 or 96 DNA, RNA, protein, or cell samples and transitions from clinical research to diagnostics by offering research use only and IVD software modes. Click to get this free report Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The recent development will further strengthen the company’s Life Science Solutions segment. Image Source: Zacks Investment Research The KingFisher Apex Dx system automates the extraction of up to 24 or 96 DNA, RNA, protein, or cell samples and transitions from clinical research to diagnostics by offering research use only and IVD software modes. Want the latest recommendations from Zacks Investment Research?
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56a69afc-2b87-4576-81ac-70784504f58e
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712719.0
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2023-12-12 00:00:00 UTC
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Implied Volatility Surging for Element Solutions (ESI) Stock Options
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https://www.nasdaq.com/articles/implied-volatility-surging-for-element-solutions-esi-stock-options
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Investors in Element Solutions Inc ESI need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $12.50 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Element Solutions’ shares, but what is the fundamental picture for the company? Currently, Element Solutions is a Zacks Rank #4 (Sell) in the Chemical - Specialty industry that ranks in the Bottom 25% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 35 cents per share to 32 cents in that period.
Given the way analysts feel about Element Solutions right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
Click to see the trades now >>
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
Element Solutions Inc. (ESI) : 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 in Element Solutions Inc ESI need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Clearly, options traders are pricing in a big move for Element Solutions’ shares, but what is the fundamental picture for the company? Click to get this free report Element Solutions Inc. (ESI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Given the way analysts feel about Element Solutions right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Given the way analysts feel about Element Solutions right now, this huge implied volatility could mean there’s a trade developing. Looking to Trade Options?
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fa9d32e8-f717-4684-b4f9-19902b3330d6
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712720.0
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2023-12-12 00:00:00 UTC
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Better Growth Stock: Viking Therapeutics or Iovance Biotherapeutics?
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https://www.nasdaq.com/articles/better-growth-stock%3A-viking-therapeutics-or-iovance-biotherapeutics
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Small to mid-cap biotechs are high-alpha and high-beta vehicles. In more direct terms, these stocks can generate returns significantly greater than benchmark indices like the S&P 500, but their journey also tends to be filled with sharp price movements in both directions. The core reason for the stomach-churning volatility is value.
As primarily research and development operations, these companies can't lean on their sterling fundamentals in turbulent markets; plus, they are well-known for their penchant for diluting existing shareholders to meet their long-term financial obligations.
So, to buoy their share prices, these companies have to convince shareholders that their R&D spend, which can be quite significant, will ultimately result in a commercial-stage product in the short term, and a viable economic moat in the long term. Deep value can be a tough sell, especially in a high-interest-rate market.
Image Source: Getty Images.
Most investors in this segment of the market are thus looking for high-alpha opportunities to balance out the enormous risks associated with these stocks. Two of the most popular stocks in this category among social media users are Iovance Biotherapeutics (NASDAQ: IOVA) and Viking Therapeutics (NASDAQ: VKTX). Iovance is pioneering personalized anti-cancer treatments for areas of high unmet medical need. Viking is emphasizing the development of metabolic-disorder drugs that can compete in a crowded market.
Which of these high-risk, high-reward biotech stocks is the better buy? Let's break down their core value propositions, financial positions, and risks to find out.
Core value propositions and financial risks
Iovance is in the business of developing highly personalized anti-cancer treatments known as tumor infiltrating lymphocyte, or TIL, therapies for solid tumors. Industry insiders estimate this market will be worth approximately $5 billion by 2035. Most of the company's near-term upside potential will likely be tied to its organic growth prospects. After all, the odds of a buyout don't seem particularly high because of unfavorable market dynamics.
Its lead TIL candidate is lifileucel, which is currently under review with the Food and Drug Administration for an advanced form of skin cancer, with a possible approval coming in the first quarter of 2024. Iovance estimates that its cash runway should last until 2025, potentially setting the stage for a capital raise in the first half of next year.
Viking, for its part, is pursuing a $7 billion to $10 billion 2035 market opportunity with its weight-loss drug VK2735. Although most analysts expect this market to be worth north of $170 billion in aggregate value by the mid-2030s, the bulk of these sales are anticipated to go to market leaders Eli Lilly and Novo Nordisk.
Viking will thus have to compete against latecomers such as Amgen and Pfizer. Because the remainder of this market is still large enough to support multiple blockbusters, Viking's buyout odds are moderate to high. Weight-loss care has seen a couple of intriguing deals lately, and Pfizer's recent setback could spark additional acquisitions in the space.
Viking is nearing an inflection point in its R&D spend and business strategy. To move into late-stage testing, the company may choose the partnering route to extend its cash runway, or it could take a go-it-alone approach. In the latter instance, Viking ought to have a cash runway that extends into 2027 at a minimum.
Verdict
I know I haven't tackled the question of upside potential for either stock. My analysis is more risk-centered because of the high degree of uncertainty regarding both lifileucel and VK2735.
So which stock is less likely to lose you money over the next five to 10 years?
Should you invest $1,000 in Iovance Biotherapeutics right now?
Before you buy stock in Iovance Biotherapeutics, consider this:
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
George Budwell has positions in Pfizer. The Motley Fool has positions in and recommends Iovance Biotherapeutics and Pfizer. The Motley Fool recommends Amgen and Novo Nordisk. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As primarily research and development operations, these companies can't lean on their sterling fundamentals in turbulent markets; plus, they are well-known for their penchant for diluting existing shareholders to meet their long-term financial obligations. Its lead TIL candidate is lifileucel, which is currently under review with the Food and Drug Administration for an advanced form of skin cancer, with a possible approval coming in the first quarter of 2024. Weight-loss care has seen a couple of intriguing deals lately, and Pfizer's recent setback could spark additional acquisitions in the space.
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Core value propositions and financial risks Iovance is in the business of developing highly personalized anti-cancer treatments known as tumor infiltrating lymphocyte, or TIL, therapies for solid tumors. Before you buy stock in Iovance Biotherapeutics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Iovance Biotherapeutics wasn't one of them. The Motley Fool recommends Amgen and Novo Nordisk.
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Two of the most popular stocks in this category among social media users are Iovance Biotherapeutics (NASDAQ: IOVA) and Viking Therapeutics (NASDAQ: VKTX). Before you buy stock in Iovance Biotherapeutics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Iovance Biotherapeutics wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 George Budwell has positions in Pfizer.
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Iovance estimates that its cash runway should last until 2025, potentially setting the stage for a capital raise in the first half of next year. Before you buy stock in Iovance Biotherapeutics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Iovance Biotherapeutics wasn't one of them. The Motley Fool has positions in and recommends Iovance Biotherapeutics and Pfizer.
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25d75f27-2fae-45f8-b8f6-704b15168b0c
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712721.0
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2023-12-12 00:00:00 UTC
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Why Fast-paced Mover Super League Enterprise (SLE) Is a Great Choice for Value Investors
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https://www.nasdaq.com/articles/why-fast-paced-mover-super-league-enterprise-sle-is-a-great-choice-for-value-investors
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Super League Enterprise (SLE) is one of them. Here are the key reasons why this stock is a great candidate.
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 29%, the stock of this company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. SLE meets this criterion too, as the stock gained 2.4% over the past 12 weeks.
Moreover, the momentum for SLE is fast paced, as the stock currently has a beta of 1.93. This indicates that the stock moves 93% higher than the market in either direction.
Given this price performance, it is no surprise that SLE has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped SLE earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, SLE is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. SLE is currently trading at 0.32 times its sales. In other words, investors need to pay only 32 cents for each dollar of sales.
So, SLE appears to have plenty of room to run, and that too at a fast pace.
In addition to SLE, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Super League Enterprise, Inc. (SLE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, SLE is trading at a reasonable valuation. 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 the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped SLE earn a Zacks Rank #2 (Buy). Click to get this free report Super League Enterprise, Inc. (SLE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that SLE has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, SLE is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to SLE, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. 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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c665647f-92af-4e22-8603-4f681c9a33c0
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712722.0
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2023-12-12 00:00:00 UTC
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Long Straddle Screener Results For December 12th
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https://www.nasdaq.com/articles/long-straddle-screener-results-for-december-12th
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Volatility is back down at very low levels, with the VIX Index closing at 12.63 yesterday. When volatility is low, options become cheaper, so today we’re taking a look at the Long Straddle Screener.
A long straddle is an advanced options strategy used when a trader is seeking to profit from a big move in either direction and / or an increase in implied volatility.
To execute the strategy, a trader would buy a call and a put with the following conditions:
Both options must use the same underlying stock
Both options must have the same expiration
Both options must have the same strike price
Since it involves having to buy both a call and a put, the trader must pay two premiums up-front, which also happens to be the maximum possible loss.
The potential profit is theoretically unlimited, although the trade will lose money each day through time decay if a big move does not occur.
The position means you will start with a net debit and only profit when the underlying stock rises above the upper break-even point or falls below the lower break-even point.
Profits can be made with a smaller price move if the move happens early in the trade.
Let’s take a look at Barchart’s Long Straddle Screener for December 12th. I have added a filer for Market Cap above 40b and total call volume above 2,000.
The screener shows some interesting long straddle trades on popular stocks such as CVX, XOM, AAPL, CSCO, PFE, MSFT, OXY and BAC. Let’s walk through a couple of examples.
CVX Long Straddle Example
Let’s take a look at the first line item – a long straddle on CVX.
Using the January 19th expiry, the trade would involve buying the $145-strike call and the $145-strike put. The premium paid for the trade would be $800, which is also the maximum loss. The maximum profit is theoretically unlimited. The lower breakeven price is $137 and the upper breakeven price is $153.
The premium paid is equal to 5.54% of the stock price and the probability of success is estimated at 44.1%.
The Barchart Technical Opinion rating is an 88% Sell with an Average short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
Implied volatility is currently 21.48% compared to a twelve-month low of 17.34% and a high of 35.64%.
AAPL Long Straddle Example
Let’s take a look at the third line item – a long straddle on AAPL.
Using the January 19th expiry, the trade would involve buying the $195 strike call and the $195 strike put. The premium paid for the trade would be $845, which is also the maximum loss. The maximum profit is theoretically unlimited. The lower breakeven price is $186.55 and the upper breakeven price is $203.45.
The premium paid is equal to 4.37% of the stock price and the probability of success is estimated at 43.9%.
The Barchart Technical Opinion rating is an 88% Buy with an Average short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
Implied volatility is currently 16.93% compared to a twelve-month low of 15.80% and a high of 42.79%.
CSCO Long Straddle Example
Let’s take a look at one final straddle, a long straddle on CSCO.
Using the March 15th expiry, the trade would involve buying the $50 strike call and the $50 strike put. The premium paid for the trade would be $417, which is also the maximum loss. The maximum profit is theoretically unlimited. The lower breakeven price is $45.83 and the upper breakeven price is $54.17.
The premium paid is equal to 8.44% of the stock price and the probability of success is estimated at 43.8%.
The Barchart Technical Opinion rating is a 56% Sell with a Weakening short term outlook on maintaining the current direction.
Implied volatility is currently 16.15% compared to a twelve-month low of 13.70% and a high of 34.15%.
Mitigating Risk
Long straddles can lose money fairly quickly if the stock stay flat, and / or if implied volatility drops.
Position sizing is important so that a large loss does not cause more than a 1-2% loss in total portfolio value. Another good rule of thumb is a 20-30% stop loss.
Please remember that options are risky, and investors can lose 100% of their investment. This article is for education purposes only and not a trade recommendation. Remember to always do your own due diligence and consult your financial advisor before making any investment decisions.
More Stock Market News from Barchart
Stocks Climb as Strength in Chip Stocks Leads the Broader Market Higher
This Inflation Hedge Is Now a Top AI Stock Pick
After Tripling in 2023, Is This Hot Penny Stock Still a Buy?
Are These the 2 Best Dow Stocks to Buy Now?
On the date of publication, Gavin McMaster 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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A long straddle is an advanced options strategy used when a trader is seeking to profit from a big move in either direction and / or an increase in implied volatility. The screener shows some interesting long straddle trades on popular stocks such as CVX, XOM, AAPL, CSCO, PFE, MSFT, OXY and BAC. Mitigating Risk Long straddles can lose money fairly quickly if the stock stay flat, and / or if implied volatility drops.
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The Barchart Technical Opinion rating is an 88% Sell with an Average short term outlook on maintaining the current direction. The Barchart Technical Opinion rating is an 88% Buy with an Average short term outlook on maintaining the current direction. The Barchart Technical Opinion rating is a 56% Sell with a Weakening short term outlook on maintaining the current direction.
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To execute the strategy, a trader would buy a call and a put with the following conditions: Both options must use the same underlying stock Both options must have the same expiration Both options must have the same strike price Since it involves having to buy both a call and a put, the trader must pay two premiums up-front, which also happens to be the maximum possible loss. CSCO Long Straddle Example Let’s take a look at one final straddle, a long straddle on CSCO. More Stock Market News from Barchart Stocks Climb as Strength in Chip Stocks Leads the Broader Market Higher This Inflation Hedge Is Now a Top AI Stock Pick After Tripling in 2023, Is This Hot Penny Stock Still a Buy?
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When volatility is low, options become cheaper, so today we’re taking a look at the Long Straddle Screener. A long straddle is an advanced options strategy used when a trader is seeking to profit from a big move in either direction and / or an increase in implied volatility. To execute the strategy, a trader would buy a call and a put with the following conditions: Both options must use the same underlying stock Both options must have the same expiration Both options must have the same strike price Since it involves having to buy both a call and a put, the trader must pay two premiums up-front, which also happens to be the maximum possible loss.
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3694564e-9198-451f-b5f7-6b54237dd563
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712723.0
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2023-12-12 00:00:00 UTC
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AES' Board Rewards Shareholders With 4% Dividend Hike
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https://www.nasdaq.com/articles/aes-board-rewards-shareholders-with-4-dividend-hike
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AES Corporation AES announced that the board of directors has approved a 4% increase in the quarterly dividend rate. The revised quarterly dividend will be 17.25 cents, payable on Feb 15, 2024, to shareholders of record at the close of business on Feb 1.
The company’s new annualized dividend rate is 69 cents per share, resulting in an annualized dividend yield of 3.64%. The company’ current dividend yield is better than the Zacks S&P 500 composite’s 1.42%.
AES’ History of Dividend Payment
The companies that are involved in utility services generally have stable operations and earnings. Consistent performance and the ability to generate cash flows allow utilities to reward shareholders with regular dividends.
AES has been consistently distributing dividends since 2012 and has been increasing dividends every year. From 2017 to 2022, the company’s board of directors approved 6% rise in dividends.
Can We Expect Hikes in the Coming Years?
The past performance of companies does not necessarily ensure the payment of future dividends. Yet, AES’ dividend payment history indicates that the company has been performing steadily and generating enough cash flow to distribute dividends to shareholders.
AES will continue to make systematic investments to strengthen its electric and natural gas infrastructure. During the 2023-2027 time period, AES plans to spend $9.3-$9.5 billion in its subsidiaries and $2,810 in shareholder dividends. These investments will allow the company to generate strong cash flows.
In June 2023, AES acquired the 2 gigawatt (GW) Bellefield project, the largest permitted solar-plus-storage project in the United States, a 500 MW solar and up to 500 MW four-hour duration battery energy storage project. We expect the inorganic assets to contribute to AES’ future earnings.
Utilities’ Legacy of Dividend Payment
AES is not the only one in the utility space that has a long dividend payment history. There many others that have a track record of more than 100 years of consistent dividend payment.
Utilities like National Fuel Gas NFG, Consolidated Edison, Inc. ED and Edison International EIX, among others, have also been rewarding shareholders with dividend payments for more than a century without fail.
The current dividend yield of National Fuel Gas, Consolidated Edison, and Edison International is 3.9%, 3.54%, and 4.37%, respectively, better than the Zacks S&P 500 composite’s yield of 1.42%.
The long-term (three to five years) earnings growth of National Fuel Gas, Consolidated Edison and Edison International is pegged at 2%, 8.1%, and 3.7%, respectively.
Zacks Rank & Price Performance
AES currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past three months, shares of AES have rallied 6.3% against the industry’s 4.7% decline.
Image Source: Zacks Investment Research
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
Edison International (EIX) : Free Stock Analysis Report
Consolidated Edison Inc (ED) : Free Stock Analysis Report
The AES Corporation (AES) : Free Stock Analysis Report
National Fuel Gas Company (NFG) : 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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AES’ History of Dividend Payment The companies that are involved in utility services generally have stable operations and earnings. Consistent performance and the ability to generate cash flows allow utilities to reward shareholders with regular dividends. 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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Utilities like National Fuel Gas NFG, Consolidated Edison, Inc. ED and Edison International EIX, among others, have also been rewarding shareholders with dividend payments for more than a century without fail. The current dividend yield of National Fuel Gas, Consolidated Edison, and Edison International is 3.9%, 3.54%, and 4.37%, respectively, better than the Zacks S&P 500 composite’s yield of 1.42%. Click to get this free report Edison International (EIX) : Free Stock Analysis Report Consolidated Edison Inc (ED) : Free Stock Analysis Report The AES Corporation (AES) : Free Stock Analysis Report National Fuel Gas Company (NFG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Yet, AES’ dividend payment history indicates that the company has been performing steadily and generating enough cash flow to distribute dividends to shareholders. Utilities’ Legacy of Dividend Payment AES is not the only one in the utility space that has a long dividend payment history. Click to get this free report Edison International (EIX) : Free Stock Analysis Report Consolidated Edison Inc (ED) : Free Stock Analysis Report The AES Corporation (AES) : Free Stock Analysis Report National Fuel Gas Company (NFG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Yet, AES’ dividend payment history indicates that the company has been performing steadily and generating enough cash flow to distribute dividends to shareholders. There many others that have a track record of more than 100 years of consistent dividend payment. Want the latest recommendations from Zacks Investment Research?
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4ca4f176-ae01-4174-a027-1a3affb8a316
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712724.0
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2023-12-12 00:00:00 UTC
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Amazon to defend iRobot buy at Dec 18 EU hearing, source says
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https://www.nasdaq.com/articles/amazon-to-defend-irobot-buy-at-dec-18-eu-hearing-source-says
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By Foo Yun Chee
BRUSSELS, Dec 12 (Reuters) - Amazon AMZN.O will defend its $1.4 billion purchase of robot vacuum maker iRobot IRBT.O at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may squeeze out rival robot cleaners on its online marketplace.
Companies usually take the opportunity to plead their case before senior officials from the European Commission and national regulators as well as lawyers.
The EU competition enforcer last month sent Amazon a charge sheet laying out its concerns about the deal, after its lawyers revised their initial position against sending a document because they did not see any anti-competitive harm in the deal.
Amazon declined to comment and reiterated comments issued after it got the EU charge sheet, namely that it can offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers.
The company may have to offer remedies to address competition concerns.
(Reporting by Foo Yun Chee; editing by Jason Neely)
((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.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 Foo Yun Chee BRUSSELS, Dec 12 (Reuters) - Amazon AMZN.O will defend its $1.4 billion purchase of robot vacuum maker iRobot IRBT.O at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may squeeze out rival robot cleaners on its online marketplace. Companies usually take the opportunity to plead their case before senior officials from the European Commission and national regulators as well as lawyers. Amazon declined to comment and reiterated comments issued after it got the EU charge sheet, namely that it can offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers.
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By Foo Yun Chee BRUSSELS, Dec 12 (Reuters) - Amazon AMZN.O will defend its $1.4 billion purchase of robot vacuum maker iRobot IRBT.O at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may squeeze out rival robot cleaners on its online marketplace. Amazon declined to comment and reiterated comments issued after it got the EU charge sheet, namely that it can offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers. (Reporting by Foo Yun Chee; editing by Jason Neely) ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.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 Foo Yun Chee BRUSSELS, Dec 12 (Reuters) - Amazon AMZN.O will defend its $1.4 billion purchase of robot vacuum maker iRobot IRBT.O at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may squeeze out rival robot cleaners on its online marketplace. The EU competition enforcer last month sent Amazon a charge sheet laying out its concerns about the deal, after its lawyers revised their initial position against sending a document because they did not see any anti-competitive harm in the deal. Amazon declined to comment and reiterated comments issued after it got the EU charge sheet, namely that it can offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers.
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By Foo Yun Chee BRUSSELS, Dec 12 (Reuters) - Amazon AMZN.O will defend its $1.4 billion purchase of robot vacuum maker iRobot IRBT.O at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may squeeze out rival robot cleaners on its online marketplace. Companies usually take the opportunity to plead their case before senior officials from the European Commission and national regulators as well as lawyers. The EU competition enforcer last month sent Amazon a charge sheet laying out its concerns about the deal, after its lawyers revised their initial position against sending a document because they did not see any anti-competitive harm in the deal.
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f80f36b8-8425-4050-bb48-e58435d1a780
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712725.0
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2023-12-12 00:00:00 UTC
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If You Invested $1000 in American Tower 10 Years Ago, This Is How Much You'd Have Now
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-american-tower-10-years-ago-this-is-how-much-youd-have-now
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in American Tower (AMT) ten years ago? It may not have been easy to hold on to AMT for all that time, but if you did, how much would your investment be worth today?
American Tower's Business In-Depth
With that in mind, let's take a look at American Tower's main business drivers.
Boston, MA-based American Tower Corporation is a leading independent operator of wireless communications towers. The company leases space on its communication sites to tenants and offers a range of tower-related services. Its tenants include wireless service providers, broadcasters and other communication service providers. It is also an S&P 500 constituent.
As of Sep 30, 2023, American Tower had a global portfolio of nearly 225,000 communication sites spread across 25 countries. The company’s communication sites included 42,983 in the United States & Canada, 78,088 in the Asia Pacific, 23,931 in Africa, 30,969 in Europe and 48,559 in Latin America. As of the same date, American Tower’s portfolio included 28 operating data center facilities across 10 markets in the United States encompassing 3.2 million net rentable square feet of data center space.
In December 2021, American Tower completed the CoreSite buyout, through which it acquired more than 20 data center facilities and related assets in eight U.S. markets for a total consideration of $10.4 billion, including the assumption and repayment of CoreSite’s existing debt. With this, American Tower capitalized on CoreSite’s highly interconnected data center facilities and critical cloud on-ramps and banks on the robust demand from enterprises, the cloud, network, and IT service providers in the major U.S. markets.
American Tower reports under the Property segment (98.5% of its total revenues for the nine months ended Sep 30, 2023) and the Service segment (1.5%). The Property segment includes the U.S. & Canada property, Asia-Pacific property, Africa property, Europe property and Latin America property segments and the Data Centers segment. The Service segment offers tower-related services in the United States, including site application, zoning and permitting and structural analysis, which primarily support the company’s site-leasing business, including the addition of new tenants and equipment at sites.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation, amortization, and other non-cash expenses to net income.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in American Tower a decade ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in December 2013 would be worth $2,642.33, or a 164.23% gain, as of December 12, 2023. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 159.36% and the price of gold increased 55.20% over the same time frame in comparison.
Analysts are forecasting more upside for AMT too.
American Tower owns an extensive and geographically diversified communication real estate portfolio. The high capital spending by wireless carriers amid the incremental demand from global 4G and 5G deployment efforts, growing wireless penetration and spectrum auctions positions it well for growth. A resilient and stable business model assures stable revenues. The company’s continued focus on macro-tower investments to expand its global footprint and address the demand in these markets augur well for long-term growth. For 2023, we expect year-over-year growth of 3.4% and 5.7% in total revenues and adjusted EBITDA, respectively. However, customer concentration and consolidation in the wireless industry raise concerns. High interest rates add to its woes. We estimate a year-over-year rise of 23.9% in the company’s interest expenses this year.
Shares have gained 11.97% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
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
American Tower Corporation (AMT) : 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 communication sites included 42,983 in the United States & Canada, 78,088 in the Asia Pacific, 23,931 in Africa, 30,969 in Europe and 48,559 in Latin America. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation, amortization, and other non-cash expenses to net income. The company’s continued focus on macro-tower investments to expand its global footprint and address the demand in these markets augur well for long-term growth.
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As of the same date, American Tower’s portfolio included 28 operating data center facilities across 10 markets in the United States encompassing 3.2 million net rentable square feet of data center space. The Property segment includes the U.S. & Canada property, Asia-Pacific property, Africa property, Europe property and Latin America property segments and the Data Centers segment. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As of the same date, American Tower’s portfolio included 28 operating data center facilities across 10 markets in the United States encompassing 3.2 million net rentable square feet of data center space. The Property segment includes the U.S. & Canada property, Asia-Pacific property, Africa property, Europe property and Latin America property segments and the Data Centers segment. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It may not have been easy to hold on to AMT for all that time, but if you did, how much would your investment be worth today? American Tower's Business In-Depth With that in mind, let's take a look at American Tower's main business drivers. American Tower reports under the Property segment (98.5% of its total revenues for the nine months ended Sep 30, 2023) and the Service segment (1.5%).
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5c1d171d-39d8-43e9-93b0-a871f16ab56d
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712726.0
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2023-12-12 00:00:00 UTC
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Best Growth Stocks to Buy: SoFi Stock vs. Nu Stock
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy%3A-sofi-stock-vs.-nu-stock
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Fool.com contributor Parkev Tatevosian compares SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) to determine which is the best growth stock to buy today.
*Stock prices used were the afternoon prices of Dec. 9, 2023. The video was published on Dec. 11, 2023.
Should you invest $1,000 in SoFi Technologies right now?
Before you buy stock in SoFi Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Nu. 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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Fool.com contributor Parkev Tatevosian compares SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) to determine which is the best growth stock to buy today. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Fool.com contributor Parkev Tatevosian compares SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) to determine which is the best growth stock to buy today. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SoFi Technologies wasn't one of them. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. His opinions remain his own and are unaffected by The Motley Fool.
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8ebb7b68-38b7-4716-928e-1b9a487cc2c6
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712727.0
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2023-12-12 00:00:00 UTC
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Pre-Market Most Active for Dec 12, 2023 : CAVA, TQQQ, SQQQ, AMD, AAPL, LCID, ORCL, SGEN, GOTU, DIS, PLTR, NIO
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DCOMP
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https://www.nasdaq.com/articles/pre-market-most-active-for-dec-12-2023-%3A-cava-tqqq-sqqq-amd-aapl-lcid-orcl-sgen-gotu-dis
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The NASDAQ 100 Pre-Market Indicator is up 23.43 to 16,245.16. The total Pre-Market volume is currently 63,695,184 shares traded.
The following are the most active stocks for the pre-market session:
CAVA Group, Inc. (CAVA) is +0.8887 at $33.38, with 6,150,560 shares traded. As reported by Zacks, the current mean recommendation for CAVA is in the "buy range".
ProShares UltraPro QQQ (TQQQ) is +0.54 at $46.51, with 3,032,106 shares traded. This represents a 188.88% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is -0.17 at $15.09, with 2,963,726 shares traded., following a 52-week high recorded in prior regular session.
Advanced Micro Devices, Inc. (AMD) is -0.76 at $133.65, with 1,472,407 shares traded., following a 52-week high recorded in prior regular session.
Apple Inc. (AAPL) is +0.02 at $193.20, with 1,028,375 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Lucid Group, Inc. (LCID) is -0.1405 at $4.47, with 1,003,733 shares traded. As reported in the last short interest update the days to cover for LCID is 10.347728; this calculation is based on the average trading volume of the stock.
Oracle Corporation (ORCL) is -10.8474 at $104.28, with 798,679 shares traded. ORCL's current last sale is 78.41% of the target price of $133.
Seagen Inc. (SGEN) is +7.26 at $228.86, with 741,221 shares traded., following a 52-week high recorded in prior regular session.
Gaotu Techedu Inc. (GOTU) is +0.33 at $3.26, with 720,598 shares traded. GOTU's current last sale is 141.74% of the target price of $2.3.
Walt Disney Company (The) (DIS) is +0.13 at $92.33, with 662,313 shares traded. As reported by Zacks, the current mean recommendation for DIS is in the "buy range".
Palantir Technologies Inc. (PLTR) is +0.2 at $17.97, with 458,634 shares traded. PLTR's current last sale is 112.31% of the target price of $16.
NIO Inc. (NIO) is -0.01 at $7.67, with 425,129 shares traded. NIO's current last sale is 71.35% of the target price of $10.75.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ProShares UltraPro Short QQQ (SQQQ) is -0.17 at $15.09, with 2,963,726 shares traded., following a 52-week high recorded in prior regular session. Advanced Micro Devices, Inc. (AMD) is -0.76 at $133.65, with 1,472,407 shares traded., following a 52-week high recorded in prior regular session. As reported in the last short interest update the days to cover for LCID is 10.347728; this calculation is based on the average trading volume of the stock.
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The total Pre-Market volume is currently 63,695,184 shares traded. ProShares UltraPro Short QQQ (SQQQ) is -0.17 at $15.09, with 2,963,726 shares traded., following a 52-week high recorded in prior regular session. Advanced Micro Devices, Inc. (AMD) is -0.76 at $133.65, with 1,472,407 shares traded., following a 52-week high recorded in prior regular session.
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The total Pre-Market volume is currently 63,695,184 shares traded. CAVA Group, Inc. (CAVA) is +0.8887 at $33.38, with 6,150,560 shares traded. NIO Inc. (NIO) is -0.01 at $7.67, with 425,129 shares traded.
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ProShares UltraPro Short QQQ (SQQQ) is -0.17 at $15.09, with 2,963,726 shares traded., following a 52-week high recorded in prior regular session. ORCL's current last sale is 78.41% of the target price of $133. GOTU's current last sale is 141.74% of the target price of $2.3.
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a54ae9a5-95b2-4200-8f4a-059737f8485e
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712728.0
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2023-12-12 00:00:00 UTC
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Tech Titans: 3 Future-Proof Stocks for the Next Decade
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DCOMP
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https://www.nasdaq.com/articles/tech-titans%3A-3-future-proof-stocks-for-the-next-decade
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In the technology space, where innovation births the future, three juggernauts emerge as titans shaping the tech stocks landscape of tomorrow. These companies aren’t just names on the stock market but monumental pillars anchoring the next era of technological evolution.
Imagine a world where 4 billion individuals actively engage with a company’s platforms every month. At the same time, another company dominates the cloud and integrates AI seamlessly into its fabric. Similarly, the third company’s Data Center segment hit records with a nearly 3X year-on-year (YOY) revenue surge, fueling the AI revolution. These aren’t just tech stocks; they are architects of change. These companies are pioneering in their respective domains, crafting the blueprint for the tech trajectory of the forthcoming decade.
From colossal user bases driving revenue to groundbreaking AI innovation and astronomical revenue growth, these tech behemoths symbolize resilience and potential. Read more to know the fundamentals that position the trio as cornerstones in the edifice of the tech universe yet to unfold.
Meta (META)
Source: Ascannio / Shutterstock.com
Meta’s (NASDAQ:META) user base is the key fundamental factor supporting its value growth. This spans across its various apps, with an estimated 3.9 billion people using at least one of the company’s apps monthly. This wide-reaching user base points to the extensive reach of Meta’s platforms, including Facebook and Instagram. The engagement metrics, particularly regarding Instagram’s reels, indicate significant progress. This feature contributes to a 40% increase in time spent on the platform since its launch.
Fundamentally, such massive user engagement implies the potential for monetization through advertising and other revenue-generating avenues. Meta’s platforms’ high user engagement levels allow advertisers to reach a global target audience. As a result, this enhances the company’s revenue streams.
Additionally, Meta’s focus on AI and related technological advancements is evident in its various AI-related initiatives. The introduction of Meta AI, the AI Studio platform, and Emu (an image creation model) showcases the company’s focus on leveraging AI across its ecosystem. These AI initiatives may boost user engagement by streamlining content creation and the user experience.
In detail, the use of generative AI and foundation models like Llama 2 indicates Meta’s efforts to stay at the forefront of AI research and development. Furthermore, the increased time spent on Facebook and Instagram reflects the positive impact of AI-driven feed recommendations on user engagement.
Finally, AI technology has implications not only for user engagement but also for potential revenue streams. As Meta’s AI capabilities continue to improve, it can offer targeted advertising and personalized user experiences. Hence, these may become new monetization opportunities for Meta’s platforms.
Microsoft (MSFT)
Source: The Art of Pics / Shutterstock.com
Microsoft’s (NASDAQ:MSFT) cloud division, including Azure, is a cornerstone of its revenue growth, showcasing exceptional performance. For instance, the division’s revenue marked a substantial 24% increase in Q1 fiscal 2024. Azure, in particular, witnessed significant revenue growth of 29%, solidifying the company’s position as a market leader, boasting over 60 data center regions worldwide.
Azure’s prominence is evident through its continuous market share gains, which are now at 23% from 21% a year ago. This is supported by its expansive infrastructure and AI capabilities for training and inference. The platform’s comprehensive cloud footprint and deployment of AI services in multiple regions underscore its reach and appeal to a broad spectrum of enterprise customers.
One of the key differentiators for Azure is its AI integration. Azure AI offers access to top-tier models from OpenAI and other sources. It empowers clients to build AI applications tailored to specific needs while ensuring cost-efficiency, low latency, and high performance. This strategy has led to over 18K organizations adopting Azure’s OpenAI services, including new customers migrating to Azure for these AI solutions. Thus, this wide-scale adoption attests to Azure’s credibility and confidence in Microsoft’s AI infrastructure and services.
Furthermore, Azure’s robust gross margin percentage of 73% signifies its revenue growth, profitability, and financial viability. The impressive margin, coupled with Azure’s expansion and deployment in more regions than any other cloud provider, offers access to top-tier AI models from OpenAI, Meta, Hugging Face, and Microsoft’s models, catering to diverse AI application needs. Therefore, this cements Microsoft’s position as a frontrunner in the fiercely competitive cloud computing arena – and among tech stocks – over the coming years.
Nvidia (NVDA)
Source: Below the Sky / Shutterstock.com
The last among future-proof tech stocks you’ll want to consider, but certainly not the least, is Nvidia (NASDAQ:NVDA). Its Data Center segment has been a powerhouse, exhibiting extraordinary revenue growth. For instance, in Q3 fiscal 2024, revenue hit a remarkable 41% sequential increase and an astounding 279% YOY surge. The revenue surge stems from the continued ramp of the NVIDIA HGX platform combined with InfiniBand networking. This combination has solidified Nvidia’s position as the reference architecture for AI supercomputers and data center infrastructure.
Notably, data center computing revenue quadrupled from the previous year, highlighting the increasing adoption of Nvidia’s accelerated computing solutions. Similarly, networking revenue almost tripled, showcasing the growing demand for efficient networking solutions in AI-driven data center setups.
Additionally, the demand for infrastructure investments in training and inferencing large language models (LLMs), deep learning, recommender systems, and generative AI applications has been a significant driver. Nvidia’s accelerated computing solutions are addressing this robust and broad-based demand.
Furthermore, the top-line surge has been fueled by consumer internet companies and enterprises, with sequential growth driven predominantly by exceptional contributions from these segments, amounting to approximately half of the Data Center revenue.
On the other hand, Nvidia’s prowess in catering to the global demand from cloud service providers (CSPs) has been evident in the growth of its cloud-based offerings and instances. The availability of H100 Tensor Core GPU instances across various cloud platforms has witnessed high demand. This high-performance GPU instance has become sought-after among CSPs, showcasing its technological edge and market demand.
Finally, Nvidia’s ability to ramp up supply consistently throughout 2024 to meet the surging demand from CSPs indicates its focus on capitalizing on market needs. The strong demand isn’t limited to hyperscale CSPs but also includes a widening array of GPU-specialized CSPs globally, signaling a broader acceptance and adoption of Nvidia’s offerings in the AI market.
As of this writing, Yiannis Zourmpanos held a long position in META. 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 post Tech Titans: 3 Future-Proof Stocks for the Next Decade 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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Additionally, the demand for infrastructure investments in training and inferencing large language models (LLMs), deep learning, recommender systems, and generative AI applications has been a significant driver. Furthermore, the top-line surge has been fueled by consumer internet companies and enterprises, with sequential growth driven predominantly by exceptional contributions from these segments, amounting to approximately half of the Data Center revenue. 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 Tech Titans: 3 Future-Proof Stocks for the Next Decade appeared first on InvestorPlace.
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Meta (META) Source: Ascannio / Shutterstock.com Meta’s (NASDAQ:META) user base is the key fundamental factor supporting its value growth. Microsoft (MSFT) Source: The Art of Pics / Shutterstock.com Microsoft’s (NASDAQ:MSFT) cloud division, including Azure, is a cornerstone of its revenue growth, showcasing exceptional performance. The impressive margin, coupled with Azure’s expansion and deployment in more regions than any other cloud provider, offers access to top-tier AI models from OpenAI, Meta, Hugging Face, and Microsoft’s models, catering to diverse AI application needs.
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From colossal user bases driving revenue to groundbreaking AI innovation and astronomical revenue growth, these tech behemoths symbolize resilience and potential. The introduction of Meta AI, the AI Studio platform, and Emu (an image creation model) showcases the company’s focus on leveraging AI across its ecosystem. The impressive margin, coupled with Azure’s expansion and deployment in more regions than any other cloud provider, offers access to top-tier AI models from OpenAI, Meta, Hugging Face, and Microsoft’s models, catering to diverse AI application needs.
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Meta (META) Source: Ascannio / Shutterstock.com Meta’s (NASDAQ:META) user base is the key fundamental factor supporting its value growth. Finally, AI technology has implications not only for user engagement but also for potential revenue streams. The impressive margin, coupled with Azure’s expansion and deployment in more regions than any other cloud provider, offers access to top-tier AI models from OpenAI, Meta, Hugging Face, and Microsoft’s models, catering to diverse AI application needs.
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64a3ca60-74da-4831-b061-f0318cb10a74
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712729.0
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2023-12-12 00:00:00 UTC
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Grand Canyon Education (LOPE) is on the Move, Here's Why the Trend Could be Sustainable
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DCOMP
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https://www.nasdaq.com/articles/grand-canyon-education-lope-is-on-the-move-heres-why-the-trend-could-be-sustainable-0
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nan
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nan
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While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Grand Canyon Education (LOPE) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. LOPE is quite a good fit in this regard, gaining 25.7% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 2.7% over the past four weeks ensures that the trend is still in place for the stock of this for-profit education company.
Moreover, LOPE is currently trading at 99.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in LOPE may not reverse anytime soon.
In addition to LOPE, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Grand Canyon Education, Inc. (LOPE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Grand Canyon Education, Inc. (LOPE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).
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In addition to LOPE, there are several other stocks that currently pass through our "Recent Price Strength" screen. 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." Want the latest recommendations from Zacks Investment Research?
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72f75068-e8d3-4de9-a961-01f563b954a6
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712730.0
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2023-12-12 00:00:00 UTC
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Recent Price Trend in Consolidated Water (CWCO) is Your Friend, Here's Why
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DCOMP
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https://www.nasdaq.com/articles/recent-price-trend-in-consolidated-water-cwco-is-your-friend-heres-why-1
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nan
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nan
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While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Consolidated Water (CWCO) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. CWCO is quite a good fit in this regard, gaining 15.8% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 4.3% over the past four weeks ensures that the trend is still in place for the stock of this developer and operator of desalination plants.
Moreover, CWCO is currently trading at 86.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in CWCO may not reverse anytime soon.
In addition to CWCO, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. A price increase of 4.3% over the past four weeks ensures that the trend is still in place for the stock of this developer and operator of desalination plants. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
|
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). In addition to CWCO, there are several other stocks that currently pass through our "Recent Price Strength" screen. Want the latest recommendations from Zacks Investment Research?
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c382df62-55fe-4471-9f8a-ea70f5686a72
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712731.0
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2023-12-12 00:00:00 UTC
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Apple Inc. (AAPL) Is a Trending Stock: Facts to Know Before Betting on It
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DCOMP
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https://www.nasdaq.com/articles/apple-inc.-aapl-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-8
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nan
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nan
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Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this maker of iPhones, iPads and other products have returned +4.5% over the past month versus the Zacks S&P 500 composite's +4.9% change. The Zacks Computer - Mini computers industry, to which Apple belongs, has gained 3.8% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Apple is expected to post earnings of $2.08 per share for the current quarter, representing a year-over-year change of +10.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.5%.
The consensus earnings estimate of $6.56 for the current fiscal year indicates a year-over-year change of +7%. This estimate has changed +0.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.10 indicates a change of +8.2% from what Apple is expected to report a year ago. Over the past month, the estimate has changed -0.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Apple is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Apple, the consensus sales estimate for the current quarter of $117.31 billion indicates a year-over-year change of +0.1%. For the current and next fiscal years, $393.42 billion and $418.55 billion estimates indicate +2.7% and +6.4% changes, respectively.
Last Reported Results and Surprise History
Apple reported revenues of $89.5 billion in the last reported quarter, representing a year-over-year change of -0.7%. EPS of $1.46 for the same period compares with $1.29 a year ago.
Compared to the Zacks Consensus Estimate of $88.99 billion, the reported revenues represent a surprise of +0.57%. The EPS surprise was +5.04%.
Over the last four quarters, Apple surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Apple is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Apple. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Apple Inc. (AAPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Apple.
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Last Reported Results and Surprise History Apple reported revenues of $89.5 billion in the last reported quarter, representing a year-over-year change of -0.7%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Apple is rated Zacks Rank #3 (Hold). While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. EPS of $1.46 for the same period compares with $1.29 a year ago. Compared to the Zacks Consensus Estimate of $88.99 billion, the reported revenues represent a surprise of +0.57%.
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ff874134-463b-4d8d-b748-bfe30c89f524
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712732.0
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2023-12-12 00:00:00 UTC
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Axcelis Technologies, Inc. (ACLS) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/axcelis-technologies-inc.-acls-is-attracting-investor-attention%3A-here-is-what-you-should-3
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nan
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nan
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Axcelis Technologies (ACLS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this semiconductor services company have returned -2.9% over the past month versus the Zacks S&P 500 composite's +4.9% change. The Zacks Electronics - Manufacturing Machinery industry, to which Axcelis belongs, has gained 12.7% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Axcelis is expected to post earnings of $1.98 per share, indicating a change of +15.8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $7.25 points to a change of +32.8% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $7.83 indicates a change of +8% from what Axcelis is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Axcelis is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Axcelis, the consensus sales estimate of $295.2 million for the current quarter points to a year-over-year change of +11%. The $1.12 billion and $1.2 billion estimates for the current and next fiscal years indicate changes of +21.3% and +7.8%, respectively.
Last Reported Results and Surprise History
Axcelis reported revenues of $292.33 million in the last reported quarter, representing a year-over-year change of +27.6%. EPS of $1.99 for the same period compares with $1.21 a year ago.
Compared to the Zacks Consensus Estimate of $281.3 million, the reported revenues represent a surprise of +3.92%. The EPS surprise was +15.03%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Axcelis is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Axcelis. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Axcelis.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Click to get this free report Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. EPS of $1.99 for the same period compares with $1.21 a year ago. Compared to the Zacks Consensus Estimate of $281.3 million, the reported revenues represent a surprise of +3.92%.
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23b0bc4f-34fb-4f22-990f-ec3b04b6b2b7
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712733.0
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2023-12-12 00:00:00 UTC
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Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
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DCOMP
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-devon-energy-corporation-dvn-is-a-trending-stock-6
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nan
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nan
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Devon Energy (DVN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this oil and gas exploration company have returned -2.2%, compared to the Zacks S&P 500 composite's +4.9% change. During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which Devon Energy falls in, has lost 3.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Devon Energy is expected to post earnings of $1.57 per share for the current quarter, representing a year-over-year change of -5.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -8.8%.
For the current fiscal year, the consensus earnings estimate of $5.86 points to a change of -29.5% from the prior year. Over the last 30 days, this estimate has changed -1.4%.
For the next fiscal year, the consensus earnings estimate of $6.57 indicates a change of +12.1% from what Devon Energy is expected to report a year ago. Over the past month, the estimate has changed -4.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Devon Energy is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Devon Energy, the consensus sales estimate of $3.99 billion for the current quarter points to a year-over-year change of -7.1%. The $15.17 billion and $15.92 billion estimates for the current and next fiscal years indicate changes of -20.9% and +5%, respectively.
Last Reported Results and Surprise History
Devon Energy reported revenues of $3.84 billion in the last reported quarter, representing a year-over-year change of -29.4%. EPS of $1.65 for the same period compares with $2.18 a year ago.
Compared to the Zacks Consensus Estimate of $4.03 billion, the reported revenues represent a surprise of -4.82%. The EPS surprise was +5.77%.
Over the last four quarters, Devon Energy surpassed consensus EPS estimates three times. The company could not beat consensus revenue estimates in any of the last four quarters.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Devon Energy is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Devon Energy. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Devon Energy Corporation (DVN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which Devon Energy falls in, has lost 3.9%. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Devon Energy.
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For the next fiscal year, the consensus earnings estimate of $6.57 indicates a change of +12.1% from what Devon Energy is expected to report a year ago. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Devon Energy is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Devon Energy is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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And if earnings estimates go up for a company, the fair value for its stock goes up. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Devon Energy is rated Zacks Rank #3 (Hold). Compared to the Zacks Consensus Estimate of $4.03 billion, the reported revenues represent a surprise of -4.82%.
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c64ca3f6-50b5-4812-8054-43d9c7586902
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712734.0
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2023-12-12 00:00:00 UTC
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Baidu, Inc. (BIDU) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/baidu-inc.-bidu-is-attracting-investor-attention%3A-here-is-what-you-should-know-5
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nan
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nan
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Baidu Inc. (BIDU) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this web search company have returned +5.9%, compared to the Zacks S&P 500 composite's +4.9% change. During this period, the Zacks Internet - Services industry, which Baidu Inc. falls in, has gained 2.3%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Baidu Inc. is expected to post earnings of $2.90 per share for the current quarter, representing a year-over-year change of +31.2%. Over the last 30 days, the Zacks Consensus Estimate has changed +1%.
For the current fiscal year, the consensus earnings estimate of $11.20 points to a change of +31.2% from the prior year. Over the last 30 days, this estimate has changed +11.3%.
For the next fiscal year, the consensus earnings estimate of $13.67 indicates a change of +22.1% from what Baidu Inc. is expected to report a year ago. Over the past month, the estimate has changed +5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Baidu Inc. is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Baidu Inc. the consensus sales estimate of $4.98 billion for the current quarter points to a year-over-year change of +3.9%. The $19 billion and $20.75 billion estimates for the current and next fiscal years indicate changes of +4% and +9.2%, respectively.
Last Reported Results and Surprise History
Baidu Inc. reported revenues of $4.72 billion in the last reported quarter, representing a year-over-year change of +3.2%. EPS of $2.80 for the same period compares with $2.37 a year ago.
Compared to the Zacks Consensus Estimate of $4.65 billion, the reported revenues represent a surprise of +1.5%. The EPS surprise was +14.29%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Baidu Inc. is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Baidu Inc. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Baidu, Inc. (BIDU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Baidu Inc.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Last Reported Results and Surprise History Baidu Inc. reported revenues of $4.72 billion in the last reported quarter, representing a year-over-year change of +3.2%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. EPS of $2.80 for the same period compares with $2.37 a year ago. Compared to the Zacks Consensus Estimate of $4.65 billion, the reported revenues represent a surprise of +1.5%.
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880ec258-f075-4c66-bbfa-f486e161391a
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712735.0
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2023-12-12 00:00:00 UTC
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Palo Alto Networks, Inc. (PANW) Is a Trending Stock: Facts to Know Before Betting on It
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DCOMP
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https://www.nasdaq.com/articles/palo-alto-networks-inc.-panw-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-5
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nan
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nan
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Palo Alto Networks (PANW) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this security software maker have returned +17.3%, compared to the Zacks S&P 500 composite's +4.9% change. During this period, the Zacks Internet - Software industry, which Palo Alto falls in, has gained 6.7%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Palo Alto is expected to post earnings of $1.30 per share for the current quarter, representing a year-over-year change of +23.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +8.5%.
For the current fiscal year, the consensus earnings estimate of $5.49 points to a change of +23.7% from the prior year. Over the last 30 days, this estimate has changed +9%.
For the next fiscal year, the consensus earnings estimate of $6.43 indicates a change of +17.2% from what Palo Alto is expected to report a year ago. Over the past month, the estimate has changed +0.6%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Palo Alto is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Palo Alto, the consensus sales estimate of $1.97 billion for the current quarter points to a year-over-year change of +19.1%. The $8.17 billion and $9.65 billion estimates for the current and next fiscal years indicate changes of +18.6% and +18%, respectively.
Last Reported Results and Surprise History
Palo Alto reported revenues of $1.88 billion in the last reported quarter, representing a year-over-year change of +20.1%. EPS of $1.38 for the same period compares with $0.83 a year ago.
Compared to the Zacks Consensus Estimate of $1.84 billion, the reported revenues represent a surprise of +1.98%. The EPS surprise was +18.97%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Palo Alto is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Palo Alto. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Palo Alto.
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Last Reported Results and Surprise History Palo Alto reported revenues of $1.88 billion in the last reported quarter, representing a year-over-year change of +20.1%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Click to get this free report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Palo Alto is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Palo Alto is rated Zacks Rank #3 (Hold). Compared to the Zacks Consensus Estimate of $1.84 billion, the reported revenues represent a surprise of +1.98%.
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ccd2c57d-f8ff-464f-b8c4-462cd5a609b9
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712736.0
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2023-12-12 00:00:00 UTC
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Caterpillar Inc. (CAT) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/caterpillar-inc.-cat-is-attracting-investor-attention%3A-here-is-what-you-should-know-8
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nan
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nan
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Caterpillar (CAT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this construction equipment company have returned +8% over the past month versus the Zacks S&P 500 composite's +4.9% change. The Zacks Manufacturing - Construction and Mining industry, to which Caterpillar belongs, has gained 8.7% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Caterpillar is expected to post earnings of $4.76 per share, indicating a change of +23.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.
The consensus earnings estimate of $20.58 for the current fiscal year indicates a year-over-year change of +48.7%. This estimate has changed +0.5% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $20.71 indicates a change of +0.6% from what Caterpillar is expected to report a year ago. Over the past month, the estimate has changed -0.5%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Caterpillar.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Caterpillar, the consensus sales estimate for the current quarter of $17.26 billion indicates a year-over-year change of +4%. For the current and next fiscal years, $67.25 billion and $67.92 billion estimates indicate +13.2% and +1% changes, respectively.
Last Reported Results and Surprise History
Caterpillar reported revenues of $16.81 billion in the last reported quarter, representing a year-over-year change of +12.1%. EPS of $5.52 for the same period compares with $3.95 a year ago.
Compared to the Zacks Consensus Estimate of $16.56 billion, the reported revenues represent a surprise of +1.5%. The EPS surprise was +16.21%.
Over the last four quarters, Caterpillar surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Caterpillar is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Caterpillar. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Caterpillar Inc. (CAT) : 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.
|
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Caterpillar.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Last Reported Results and Surprise History Caterpillar reported revenues of $16.81 billion in the last reported quarter, representing a year-over-year change of +12.1%. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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And if earnings estimates go up for a company, the fair value for its stock goes up. Compared to the Zacks Consensus Estimate of $16.56 billion, the reported revenues represent a surprise of +1.5%. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
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38eb7af6-9489-4d0d-8ffb-09119301a64a
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712737.0
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2023-12-12 00:00:00 UTC
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CocaCola Company (The) (KO) is Attracting Investor Attention: Here is What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/cocacola-company-the-ko-is-attracting-investor-attention%3A-here-is-what-you-should-know-9
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nan
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nan
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Coca-Cola (KO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this world's largest beverage maker have returned +3.7%, compared to the Zacks S&P 500 composite's +4.9% change. During this period, the Zacks Beverages - Soft drinks industry, which Coke falls in, has gained 4.5%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Coke is expected to post earnings of $0.48 per share, indicating a change of +6.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.5% over the last 30 days.
The consensus earnings estimate of $2.68 for the current fiscal year indicates a year-over-year change of +8.1%. This estimate has changed +0.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.80 indicates a change of +4.6% from what Coke is expected to report a year ago. Over the past month, the estimate has changed +0.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Coke is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Coke, the consensus sales estimate for the current quarter of $10.61 billion indicates a year-over-year change of +4.8%. For the current and next fiscal years, $45.45 billion and $46.93 billion estimates indicate +5.7% and +3.2% changes, respectively.
Last Reported Results and Surprise History
Coke reported revenues of $11.95 billion in the last reported quarter, representing a year-over-year change of +8%. EPS of $0.74 for the same period compares with $0.69 a year ago.
Compared to the Zacks Consensus Estimate of $11.45 billion, the reported revenues represent a surprise of +4.39%. The EPS surprise was +7.25%.
Over the last four quarters, Coke surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Coke is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Coke. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
CocaCola Company (The) (KO) : 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.
|
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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."
|
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Coke is rated Zacks Rank #3 (Hold). While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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And if earnings estimates go up for a company, the fair value for its stock goes up. Compared to the Zacks Consensus Estimate of $11.45 billion, the reported revenues represent a surprise of +4.39%. Want the latest recommendations from Zacks Investment Research?
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4be324fb-4ff5-41a9-9854-991601ed3a80
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712738.0
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2023-12-12 00:00:00 UTC
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Lantheus Holdings, Inc. (LNTH) Is a Trending Stock: Facts to Know Before Betting on It
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DCOMP
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https://www.nasdaq.com/articles/lantheus-holdings-inc.-lnth-is-a-trending-stock%3A-facts-to-know-before-betting-on-it-2
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nan
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nan
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Lantheus Holdings (LNTH) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this diagnostic imaging company have returned +11.4% over the past month versus the Zacks S&P 500 composite's +4.9% change. The Zacks Medical - Products industry, to which Lantheus Holdings belongs, has gained 9.9% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Lantheus Holdings is expected to post earnings of $1.36 per share, indicating a change of -0.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.2% over the last 30 days.
The consensus earnings estimate of $5.84 for the current fiscal year indicates a year-over-year change of +38.4%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.08 indicates a change of +4.1% from what Lantheus Holdings is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Lantheus Holdings is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Lantheus Holdings, the consensus sales estimate for the current quarter of $326.74 million indicates a year-over-year change of +24.2%. For the current and next fiscal years, $1.27 billion and $1.36 billion estimates indicate +35.7% and +7.4% changes, respectively.
Last Reported Results and Surprise History
Lantheus Holdings reported revenues of $319.95 million in the last reported quarter, representing a year-over-year change of +33.7%. EPS of $1.47 for the same period compares with $0.99 a year ago.
Compared to the Zacks Consensus Estimate of $315.01 million, the reported revenues represent a surprise of +1.57%. The EPS surprise was +11.36%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Lantheus Holdings is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Lantheus Holdings. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Lantheus Holdings, Inc. (LNTH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Lantheus Holdings.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Last Reported Results and Surprise History Lantheus Holdings reported revenues of $319.95 million in the last reported quarter, representing a year-over-year change of +33.7%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Lantheus Holdings is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Lantheus Holdings is rated Zacks Rank #3 (Hold). Compared to the Zacks Consensus Estimate of $315.01 million, the reported revenues represent a surprise of +1.57%.
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bb90ff7a-5a16-4263-8772-bd872c132dd4
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712739.0
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2023-12-12 00:00:00 UTC
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Here is What to Know Beyond Why Broadcom Inc. (AVGO) is a Trending Stock
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DCOMP
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https://www.nasdaq.com/articles/here-is-what-to-know-beyond-why-broadcom-inc.-avgo-is-a-trending-stock-3
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nan
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nan
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Broadcom Inc. (AVGO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this chipmaker have returned +8.7% over the past month versus the Zacks S&P 500 composite's +4.9% change. The Zacks Electronics - Semiconductors industry, to which Broadcom Inc. belongs, has gained 9.5% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Broadcom Inc. is expected to post earnings of $10.93 per share, indicating a change of +5.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.4% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $45.64 points to a change of +8% from the prior year. Over the last 30 days, this estimate has changed -0.6%.
For the next fiscal year, the consensus earnings estimate of $48.63 indicates a change of +6.6% from what Broadcom Inc. is expected to report a year ago. Over the past month, the estimate has changed +3.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Broadcom Inc. is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Broadcom Inc. the consensus sales estimate of $10.82 billion for the current quarter points to a year-over-year change of +21.3%. The $48.04 billion and $48.67 billion estimates for the current and next fiscal years indicate changes of +34.1% and +1.3%, respectively.
Last Reported Results and Surprise History
Broadcom Inc. reported revenues of $9.3 billion in the last reported quarter, representing a year-over-year change of +4.1%. EPS of $11.06 for the same period compares with $10.45 a year ago.
Compared to the Zacks Consensus Estimate of $9.28 billion, the reported revenues represent a surprise of +0.18%. The EPS surprise was +1%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Broadcom Inc. is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Broadcom Inc. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
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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Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Broadcom Inc.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Last Reported Results and Surprise History Broadcom Inc. reported revenues of $9.3 billion in the last reported quarter, representing a year-over-year change of +4.1%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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When earnings estimates for a company go up, the fair value for its stock goes up as well. Compared to the Zacks Consensus Estimate of $9.28 billion, the reported revenues represent a surprise of +0.18%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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d4cc6c93-b165-4bb0-8115-804aa222e111
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712740.0
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2023-12-12 00:00:00 UTC
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Investors Heavily Search Opendoor Technologies Inc. (OPEN): Here is What You Need to Know
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DCOMP
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https://www.nasdaq.com/articles/investors-heavily-search-opendoor-technologies-inc.-open%3A-here-is-what-you-need-to-know-1
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nan
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nan
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Opendoor Technologies Inc. (OPEN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this company have returned +76.9% over the past month versus the Zacks S&P 500 composite's +4.9% change. The Zacks Technology Services industry, to which Opendoor Technologies Inc. belongs, has gained 10% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Opendoor Technologies Inc. is expected to post a loss of $0.18 per share, indicating a change of +75.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of -$1.21 for the current fiscal year indicates a year-over-year change of -31.5%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of -$0.60 indicates a change of +50.4% from what Opendoor Technologies Inc. is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Opendoor Technologies Inc.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Opendoor Technologies Inc. the consensus sales estimate for the current quarter of $830.43 million indicates a year-over-year change of -70.9%. For the current and next fiscal years, $6.91 billion and $6.15 billion estimates indicate -55.6% and -10.9% changes, respectively.
Last Reported Results and Surprise History
Opendoor Technologies Inc. reported revenues of $980 million in the last reported quarter, representing a year-over-year change of -70.8%. EPS of -$0.11 for the same period compares with -$0.52 a year ago.
Compared to the Zacks Consensus Estimate of $985.97 million, the reported revenues represent a surprise of -0.61%. The EPS surprise was +35.29%.
Over the last four quarters, Opendoor Technologies Inc. surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Opendoor Technologies Inc. is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Opendoor Technologies Inc. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Opendoor Technologies Inc. (OPEN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Opendoor Technologies Inc.
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For the next fiscal year, the consensus earnings estimate of -$0.60 indicates a change of +50.4% from what Opendoor Technologies Inc. is expected to report a year ago. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Last Reported Results and Surprise History Opendoor Technologies Inc. reported revenues of $980 million in the last reported quarter, representing a year-over-year change of -70.8%.
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The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Opendoor Technologies Inc. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
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And if earnings estimates go up for a company, the fair value for its stock goes up. Compared to the Zacks Consensus Estimate of $985.97 million, the reported revenues represent a surprise of -0.61%. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
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1988b129-211b-45da-9c25-0488065f9acb
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712741.0
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2023-12-12 00:00:00 UTC
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MUFG (MUFG) is on the Move, Here's Why the Trend Could be Sustainable
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DCOMP
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https://www.nasdaq.com/articles/mufg-mufg-is-on-the-move-heres-why-the-trend-could-be-sustainable-0
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nan
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nan
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Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Mitsubishi UFJ (MUFG) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. MUFG is quite a good fit in this regard, gaining 0.1% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 5.2% over the past four weeks ensures that the trend is still in place for the stock of this bank.
Moreover, MUFG is currently trading at 90.7% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in MUFG may not reverse anytime soon.
In addition to MUFG, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Mitsubishi UFJ Financial Group, Inc. (MUFG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock.
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The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Mitsubishi UFJ Financial Group, Inc. (MUFG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).
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So, the price trend in MUFG may not reverse anytime soon. In addition to MUFG, there are several other stocks that currently pass through our "Recent Price Strength" screen. Want the latest recommendations from Zacks Investment Research?
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c905486c-ac56-431f-8a47-8f72bf3c95ec
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712742.0
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2023-12-12 00:00:00 UTC
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Investors Heavily Search Abbott Laboratories (ABT): Here is What You Need to Know
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DCOMP
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https://www.nasdaq.com/articles/investors-heavily-search-abbott-laboratories-abt%3A-here-is-what-you-need-to-know-3
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nan
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nan
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Abbott (ABT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this maker of infant formula, medical devices and drugs have returned +10.9%, compared to the Zacks S&P 500 composite's +4.9% change. During this period, the Zacks Medical - Products industry, which Abbott falls in, has gained 9.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Abbott is expected to post earnings of $1.19 per share for the current quarter, representing a year-over-year change of +15.5%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $4.44 points to a change of -16.9% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $4.62 indicates a change of +3.9% from what Abbott is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Abbott is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Abbott, the consensus sales estimate of $10.14 billion for the current quarter points to a year-over-year change of +0.5%. The $40.01 billion and $41.49 billion estimates for the current and next fiscal years indicate changes of -8.4% and +3.7%, respectively.
Last Reported Results and Surprise History
Abbott reported revenues of $10.14 billion in the last reported quarter, representing a year-over-year change of -2.6%. EPS of $1.14 for the same period compares with $1.15 a year ago.
Compared to the Zacks Consensus Estimate of $9.79 billion, the reported revenues represent a surprise of +3.6%. The EPS surprise was +3.64%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Abbott is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Abbott. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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
Abbott Laboratories (ABT) : 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 month, shares of this maker of infant formula, medical devices and drugs have returned +10.9%, compared to the Zacks S&P 500 composite's +4.9% change. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
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For the next fiscal year, the consensus earnings estimate of $4.62 indicates a change of +3.9% from what Abbott is expected to report a year ago. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
|
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Revenue Growth Forecast While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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And if earnings estimates go up for a company, the fair value for its stock goes up. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Abbott is rated Zacks Rank #3 (Hold). Compared to the Zacks Consensus Estimate of $9.79 billion, the reported revenues represent a surprise of +3.6%.
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c5f094e0-e6b7-42d0-a6dc-5505f459c69d
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712743.0
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2023-12-12 00:00:00 UTC
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Graphic Packaging Holding Company (GPK) Is a Trending Stock: Facts to Know Before Betting on It
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DCOMP
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https://www.nasdaq.com/articles/graphic-packaging-holding-company-gpk-is-a-trending-stock%3A-facts-to-know-before-betting-2
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nan
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nan
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Graphic Packaging (GPK) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this packaging company have returned +9.4%, compared to the Zacks S&P 500 composite's +4.9% change. During this period, the Zacks Containers - Paper and Packaging industry, which Graphic Packaging falls in, has gained 5.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Graphic Packaging is expected to post earnings of $0.69 per share for the current quarter, representing a year-over-year change of +17%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $2.85 for the current fiscal year indicates a year-over-year change of +22.3%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.78 indicates a change of -2.5% from what Graphic Packaging is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Graphic Packaging is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Graphic Packaging, the consensus sales estimate of $2.4 billion for the current quarter points to a year-over-year change of +0.7%. The $9.58 billion and $9.82 billion estimates for the current and next fiscal years indicate changes of +1.5% and +2.5%, respectively.
Last Reported Results and Surprise History
Graphic Packaging reported revenues of $2.35 billion in the last reported quarter, representing a year-over-year change of -4.2%. EPS of $0.74 for the same period compares with $0.67 a year ago.
Compared to the Zacks Consensus Estimate of $2.46 billion, the reported revenues represent a surprise of -4.58%. The EPS surprise was +2.78%.
Over the last four quarters, Graphic Packaging surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Graphic Packaging is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Graphic Packaging. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
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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
Graphic Packaging Holding Company (GPK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Conclusion The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Graphic Packaging.
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Click to get this free report Graphic Packaging Holding Company (GPK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Graphic Packaging is rated Zacks Rank #3 (Hold). Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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And if earnings estimates go up for a company, the fair value for its stock goes up. Compared to the Zacks Consensus Estimate of $2.46 billion, the reported revenues represent a surprise of -4.58%. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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712744.0
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2023-12-12 00:00:00 UTC
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Could HubSpot Become the Next Salesforce?
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https://www.nasdaq.com/articles/could-hubspot-become-the-next-salesforce
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nan
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HubSpot (NYSE: HUBS) has grown rapidly since its public debut nine years ago. From 2014 to 2022, the cloud-based customer relationship management (CRM) and marketing software provider grew its revenues at a compound annual rate of 40% as its total number of customers grew from 13,607 to 167,386. Its adjusted operating margin also improved from negative 27.7% in 2014 to positive 9.8% in 2022.
HubSpot's stock has risen by a whopping 1,868% from its IPO price of $25 -- which would have turned a $2,000 investment into over $39,000. But with an enterprise value of $24 billion, it's still only a tenth as valuable as cloud-based CRM leader Salesforce, which has an enterprise value of $241 billion. Can HubSpot keep growing over the next few decades and become as big as Salesforce one day?
Image source: Getty Images.
The key differences between HubSpot and Salesforce
Cloud-based CRM platforms like those offered by HubSpot and Salesforce make it easier for companies to store, organize, and analyze information about their individual customers. Putting all of that information in a centralized cloud-based location also enables companies to analyze sales trends and make faster, data-driven decisions.
HubSpot and Salesforce also provide marketing tools for crafting lower-cost "inbound" marketing campaigns -- such as social media campaigns, viral videos, or blogs -- which drive consumers to seek out brands on their own. They also provide lead generation and search engine optimization (SEO) tools to boost a company's online exposure.
Their two business models sound similar, but HubSpot primarily targets smaller businesses while Salesforce focuses on larger enterprises. HubSpot's CRM platform is a lot simpler than Salesforce's platform, but HubSpot offers it as a free service to tether more customers to the marketing and analytics services it charges for. Salesforce's CRM platform is a paid service that serves as a launchpad for its other cloud-based marketing, analytics, data visualization, app development, and collaboration services.
Simply put, HubSpot is a smaller CRM and marketing play, while Salesforce is a cloud software giant that competes more intensively against other enterprise software heavyweights like Microsoft and Adobe.
According to IDC, Salesforce controls 23% of the global CRM market, while its closest competitors -- Microsoft, Adobe, SAP, and Oracle -- each hold mid-single digit shares. HubSpot doesn't even make the top-five list.
The CRM market is gradually maturing
HubSpot expects its revenue to rise by 24% to $2.1 billion this year as macroeconomic headwinds curb its near-term growth. From 2022 to 2025, analysts expect its revenue to continue rising at a compound annual rate of 21% and reach $3.04 billion by the final year.
That would be comparable to the $3.05 billion in revenue that Salesforce booked in its fiscal 2013 (which ended in January 2013). From its fiscal 2013 to fiscal 2023, Salesforce grew its revenues at a compound annual rate of 26% to reach $31.4 billion. But from fiscal 2023 to fiscal 2026, analysts expect its revenues will only rise at a compound annual rate of 11% as its business matures.
That growth slowdown highlights another key difference between the two companies. Salesforce leveraged its first-mover advantage to become the top CRM company, but that market's growth is cooling off. HubSpot carved out a niche for itself that allowed it to avoid going toe-to-toe against Salesforce, but it probably can't grow as rapidly as Salesforce did over the past decade given the state of the CRM market.
Could HubSpot become as big as today's Salesforce?
However, HubSpot believes it can continue to grow as smaller businesses continue to scale up their cloud-based CRM systems and marketing campaigns. It also expects its development of new artificial intelligence (AI) tools for generating digital content, summarizing calls and emails, creating chatbots, analyzing data, and optimizing marketing campaigns to boost its revenue per customer and widen its competitive moat. It could also acquire smaller companies to expand its ecosystem.
According to a forecast from Grand View Research, the global CRM market could still grow at a compound annual rate of 14% from 2023 to 2030. If HubSpot's sales simply keep pace with that market, it could generate $5.2 billion in revenue in 2030. If it continues to grow at a slower compound annual rate of 13% over the following 15 years, it could generate $31 billion in revenue by 2045 -- which would make it comparable to today's Salesforce.
But a lot of things could prevent HubSpot from ever reaching that lofty target. Salesforce, Microsoft, and the other enterprise CRM leaders could launch more free CRM services for small businesses, challenging HubSpot in its niche. Recessions, geopolitical conflicts, and other macro headwinds could stunt HubSpot's growth. The rise of new AI-driven services could disrupt older CRM and inbound marketing services.
How those longer-term challenges might play out is impossible to predict, so investors should instead focus on HubSpot's core strengths: It is still growing rapidly, its margins are expanding, and analysts expect it to turn profitable on a generally accepted accounting principles (GAAP) basis by 2025. In other words, HubSpot still has plenty of room to grow -- even if it never becomes a megacap cloud software giant like Salesforce.
Should you invest $1,000 in HubSpot right now?
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Leo Sun has positions in Adobe. The Motley Fool has positions in and recommends Adobe, HubSpot, Microsoft, Oracle, and Salesforce. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to IDC, Salesforce controls 23% of the global CRM market, while its closest competitors -- Microsoft, Adobe, SAP, and Oracle -- each hold mid-single digit shares. It also expects its development of new artificial intelligence (AI) tools for generating digital content, summarizing calls and emails, creating chatbots, analyzing data, and optimizing marketing campaigns to boost its revenue per customer and widen its competitive moat. How those longer-term challenges might play out is impossible to predict, so investors should instead focus on HubSpot's core strengths: It is still growing rapidly, its margins are expanding, and analysts expect it to turn profitable on a generally accepted accounting principles (GAAP) basis by 2025.
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From 2014 to 2022, the cloud-based customer relationship management (CRM) and marketing software provider grew its revenues at a compound annual rate of 40% as its total number of customers grew from 13,607 to 167,386. HubSpot's CRM platform is a lot simpler than Salesforce's platform, but HubSpot offers it as a free service to tether more customers to the marketing and analytics services it charges for. Simply put, HubSpot is a smaller CRM and marketing play, while Salesforce is a cloud software giant that competes more intensively against other enterprise software heavyweights like Microsoft and Adobe.
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The key differences between HubSpot and Salesforce Cloud-based CRM platforms like those offered by HubSpot and Salesforce make it easier for companies to store, organize, and analyze information about their individual customers. HubSpot's CRM platform is a lot simpler than Salesforce's platform, but HubSpot offers it as a free service to tether more customers to the marketing and analytics services it charges for. Before you buy stock in HubSpot, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and HubSpot wasn't one of them.
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If it continues to grow at a slower compound annual rate of 13% over the following 15 years, it could generate $31 billion in revenue by 2045 -- which would make it comparable to today's Salesforce. Before you buy stock in HubSpot, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and HubSpot wasn't one of them. The Motley Fool has positions in and recommends Adobe, HubSpot, Microsoft, Oracle, and Salesforce.
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712745.0
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2023-12-12 00:00:00 UTC
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GameStop and Becton, Dickinson and Company have been highlighted as Zacks Bull and Bear of the Day
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https://www.nasdaq.com/articles/gamestop-and-becton-dickinson-and-company-have-been-highlighted-as-zacks-bull-and-bear-of
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For Immediate Release
Chicago, IL – December 12, 2023 – Zacks Equity Research shares GameStop GME as the Bull of the Day and Becton, Dickinson and Company BDX as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Red Rock Resorts, Inc. RRR, PlayAGS, Inc. AGS and PENN Entertainment, Inc. PENN.
Here is a synopsis of all five stocks:
Bull of the Day:
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.
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.
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.
Bear of the Day:
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. 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.
Additional content:
3 Industry-Beating Casino Stocks to Watch Amid Market Volatility
The casino industry has seen a turnaround in 2023, despite an economic slowdown. Factors such as a well-spread portfolio across different regions, sustained customer engagement efforts and property investments have contributed to the resilience.
The industry has been benefiting from increased visitation and spending per visit, especially from younger demographics. Also, an uptick in hotel reservations and a burgeoning interest in non-gaming features hint at a potential resurgence in growth.
Casino operators are maintaining a disciplined operational approach by refining business processes, optimizing marketing strategies and renegotiating agreements with vendors and third parties. Also, there's a heightened focus on service quality and staffing levels to accommodate gamers better.
Strong Q3 Performance Uplift Spirits
Despite concerns about economic slowdowns and inflation, gross gaming revenues (GGR) remain strong, especially in regional casinos. Factors like growth of online betting and relaxed gambling laws have contributed to the industry's stability.
In third-quarter 2023, the U.S. commercial gaming sector achieved strong revenues and generated $16.17 billion, indicating a 6.1% increase compared to the previous year. This marks the industry's most lucrative third quarter to date, with continuous annual revenue growth for the 11th consecutive quarter.
Revenue growth across land-based casinos, iGaming and sports betting - contributed to the overall gain. Traditional slot machines, table games, and iGaming collectively produced $12.49 billion in revenue, a 1.8% rise year on year. Meanwhile, iGaming, increased by 26% year on year to $1.52 billion.
Sports betting, both in-person and online, soared by 22.8% year-over-year, amounting to $2.15 billion in revenue. Notably, growth was primarily driven by newer operational states like Maryland (online), Massachusetts, Nebraska and Ohio. With Americans wagering $79 billion in the first nine months of 2023 — up 32.7% year over year — the industry is poised for growth.
AGA president and CEO Bill Miller highlighted the industry's role in creating job opportunities and contributing significantly to communities through increased tax revenue. The third quarter saw a surge in direct gaming taxes, contributing an estimated $3.43 billion to state and local governments in gaming states, a 4.7% increase from the previous year's levels.
The Macau gaming industry is also reaping the rewards of increased visitation. In November, there was a 435% year-over-year surge in GGR, reaching MOP$16.04 billion (US$2 billion). For the first 11 months of 2023, GGR is up 324.9% year over year. The government of Macau forecasts yielding collective GGR of MOP216 billion ($26.84 billion) in 2024.
Road Ahead
Considering the favorable reception of online platforms and widespread regulatory acceptance across states, we anticipate continued strong performance in the online gaming industry in the coming periods.
Surveys indicate that more than a third of adults still intend to visit a casino within the next year, resembling patterns observed in previous quarters. In particular industries, gaming supplier CEOs anticipate increased unit sales by the year's end, while numerous operator CEOs aim to bolster their investments in food and beverage services.
The outlook for growth remains optimistic as businesses prepare to leverage the introduction of additional live online casino games. Moreover, the inclusion of a robust program schedule featuring events like F1 and the Super Bowl is expected to contribute positively to these developments further.
Investing in the gaming sector might sound profitable right now. It is worth noting that the Zacks Gaming industry is currently in the top 30% (with the rank of 76) of the 251 Zacks industries, which hints at further growth.
3 Solid Picks
Here, we have highlighted three stocks that have not only performed better than the industry in the past three months but also boast solid prospects. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Red Rock Resorts, Inc. stands to gain from strong spending per visit across its portfolio. Attributes such as strong and consistent visitation from guests, increased spending per visit, more time spent on gaming devices and a return of core customers have been adding to the positives. Also, it reported growth in food and beverage and hotel segments fueled by higher average checks and strength in the catering business. It intends to focus on business optimization and cost-reduction measures to drive growth. It also stated its intention to continue its investments in additional amenities, which include the opening of new high-limit slot and table rooms at its Green Valley Ranch properties in late 2023.
Red Rock currently carries a Zacks Rank #3 and has gained 5.4% in the past three months compared with the industry's 2.3% growth. For 2024, the Zacks Consensus Estimate for RRR's financial-year sales and earnings per share (EPS) suggests an increase of 10.5% and 17.9%, respectively, from the year-ago period's levels.
PlayAGS, Inc. is likely to benefit from robust Domestic EGM gaming operations, an expanding premium unit footprint, and strong performance in the Interactive segment. Their focus on premium games such as Bonus Spin Xtreme and PAX S indicates promising prospects. The company aims to venture into untapped markets and create new products for its table business. It maintains a positive outlook on EGM product demand, strategic business development efforts, and ongoing R&D progress. Expectations for the fourth quarter of 2023 involve solid pricing for Spectra 43, with anticipation surrounding the initial sale of Spectra 49 units and the inclusion of non-Spectra family units in the sales pipeline.
PlayAGS currently carries a Zacks Rank #3 and has gained 12% in the past three months. For 2024, the Zacks Consensus Estimate for AGS' financial-year sales and EPS suggests an increase of 3.1% and 386.7%, respectively, from the year-ago period's levels.
PENN Entertainment, Inc. is likely to benefit from omnichannel strength, technological investments and improvement in marketing capabilities. Management emphasizes reimaging its properties with best-in-class retail sports books, new games, refreshed hotel offerings and new third-party restaurant concepts to drive growth. Also, focus on strategic alliances bodes well. The company is optimistic with respect to integrations across ESPN's wide user base and strong media partnerships. In the future, it expects amalgamation to pave the path for new customer acquisition and organic cross-selling opportunities.
PENN Entertainment currently carries a Zacks Rank #3 and has gained 9.6% in the past three months. For 2024, the Zacks Consensus Estimate for PENN's financial-year sales and EPS suggests an increase of 0.6% and 114.1%, respectively, from the year-ago period's levels.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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
Becton, Dickinson and Company (BDX) : Free Stock Analysis Report
GameStop Corp. (GME) : Free Stock Analysis Report
PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report
Red Rock Resorts, Inc. (RRR) : Free Stock Analysis Report
PlayAGS, Inc. (AGS) : 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 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. AGA president and CEO Bill Miller highlighted the industry's role in creating job opportunities and contributing significantly to communities through increased tax revenue. It also stated its intention to continue its investments in additional amenities, which include the opening of new high-limit slot and table rooms at its Green Valley Ranch properties in late 2023.
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In addition, Zacks Equity Research provides analysis on Red Rock Resorts, Inc. RRR, PlayAGS, Inc. AGS and PENN Entertainment, Inc. PENN. In particular industries, gaming supplier CEOs anticipate increased unit sales by the year's end, while numerous operator CEOs aim to bolster their investments in food and beverage services. Click to get this free report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report GameStop Corp. (GME) : Free Stock Analysis Report PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report Red Rock Resorts, Inc. (RRR) : Free Stock Analysis Report PlayAGS, Inc. (AGS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 Becton, Dickinson and Company (BDX) : Free Stock Analysis Report GameStop Corp. (GME) : Free Stock Analysis Report PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report Red Rock Resorts, Inc. (RRR) : Free Stock Analysis Report PlayAGS, Inc. (AGS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 third quarter saw a surge in direct gaming taxes, contributing an estimated $3.43 billion to state and local governments in gaming states, a 4.7% increase from the previous year's levels. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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2023-12-12 00:00:00 UTC
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Implied Volatility Surging for Grocery Outlet (GO) Stock Options
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https://www.nasdaq.com/articles/implied-volatility-surging-for-grocery-outlet-go-stock-options-0
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nan
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Investors in Grocery Outlet Holding Corp. GO need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $55 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Grocery Outlet shares, but what is the fundamental picture for the company? Currently, Grocery Outlet is a Zacks Rank #3 (Hold) in the Consumer Products - Staples industry that ranks in the Bottom 33% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 18 cents per share to 16 cents in that period.
Given the way analysts feel about Grocery Outlet right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
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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.
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Grocery Outlet Holding Corp. (GO) : 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 in Grocery Outlet Holding Corp. GO need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Clearly, options traders are pricing in a big move for Grocery Outlet shares, but what is the fundamental picture for the company? Click to get this free report Grocery Outlet Holding Corp. (GO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Given the way analysts feel about Grocery Outlet right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Given the way analysts feel about Grocery Outlet right now, this huge implied volatility could mean there’s a trade developing. Looking to Trade Options?
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eb1952cb-a393-4ab4-890e-a028c4709d6e
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712747.0
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2023-12-12 00:00:00 UTC
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Is AT&T a Buy?
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https://www.nasdaq.com/articles/is-att-a-buy-0
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Telecom giant AT&T (NYSE: T) gets talked about often in the investing world, but it isn't typically positive. Despite having a commanding market share (47% of U.S. wireless subscriptions in the third quarter) and strong market presence, AT&T's stock has performed as badly as anyone could've anticipated over the past few years. It's now down over 40% from its high over the past five years.
There's no need to harp on the past, though. The company has had some notable missteps, but investing is a forward-thinking game, so we'll focus on that. Considering AT&T's low stock price, many investors are wondering if now's the time to invest. For long-term investors, I believe the answer is yes.
AT&T's high dividend can be a good source of income
You can't talk about AT&T's stock without discussing its dividend. It's been the only thing keeping investors patient while the company tries to steer the ship in the right direction. It's also the primary thing that would attract new investors.
AT&T has one of the highest dividends in the S&P 500, with a trailing-12-month yield of around 6.7%. Unfortunately, part of the reason the dividend yield is so high is because AT&T's stock price has been falling. Regardless, AT&T's lucrative dividend is appealing to investors seeking consistent income.
One reservation about AT&T was its ability to sustain its dividend, but recent results show it can. AT&T made $5.2 billion in free cash flow in the third quarter, bringing the total to $10.4 billion for the year, so far. That's nearly $2.4 billion more than the same time frame in 2022 and plenty more than its dividend obligation.
T Free Cash Flow Per Share data by YCharts
AT&T is getting back to focusing on its roots
AT&T has had ambitious plans in the past decade or so, particularly in the media and entertainment industry. All it led to was high debt levels and an eventual $43 billion WarnerMedia spinoff in April 2022. Not good.
The good news, however, is that AT&T was able to use around $40 billion from the proceeds to reduce its net debt in the second quarter of 2022. After peaking at over $200 billion in long-term debt in 2022, AT&T has since reduced it to around $138 billion (as of Sept. 30, 2023).
Post-WarnerMedia spinoff, AT&T has been taking concrete actions to refocus on its core telecom business.
In early December 2023, AT&T announced it would spend $14 billion over five years with networking and telecom company Ericsson. AT&T said it wants to shift around 70% of its wireless traffic to an Open Radio Access Network system, and this move makes Ericsson AT&T's main supplier of 5G equipment.
Without getting too much into the technical aspects, the move will allow AT&T to modernize its network infrastructure, ideally driving down costs. The transition will be costly for AT&T upfront, but it should be a worthwhile investment if it goes as planned, bolstering AT&T's 5G and fiber networks.
By 2029, 5G is estimated to account for over 71% of the U.S. mobile market. Whichever company can capitalize on the highly competitive postpaid phone market stands to gain a nice piece of the expanding pie. AT&T is already the biggest provider of wireless subscriptions in the U.S., with a 46.9% market share in the third quarter of 2023.
The postpaid phone market isn't a high-growth segment, but AT&T hopes the Ericsson deal can keep the momentum going with the growth of its fiber business. Fiber revenue was up 27% year over year in the third quarter, and considering fiber is only available to around 40% of U.S. households, there are plenty of growth opportunities.
AT&T is one of the premier telecom companies in the U.S., so it's good to see it making investments to enhance its core offerings. It might not have the glitz and glam of media and entertainment, but it puts AT&T in a position for more stable and profitable operations.
You can't gloss over AT&T's low valuation
The recent struggles make it almost impossible to glance over how relatively cheap AT&T's stock is now -- by almost any metric. Whether it's price-to-sales (revenue), price-to-earnings (profit), or price-to-free cash flow, AT&T is trading at much lower valuations than its competitors.
T PS Ratio data by YCharts
A stock being "cheap" doesn't always warrant investing in it, but in AT&T's case, I think it gives the company much more upside than downside. This is somewhat of a transitional period for AT&T, so a low valuation gives investors a chance to get in while the company is potentially undervalued.
10 stocks we like better than AT&T
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and AT&T wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 4, 2023
Stefon Walters has no position in any of the stocks mentioned. The Motley Fool recommends T-Mobile US and Verizon Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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T Free Cash Flow Per Share data by YCharts AT&T is getting back to focusing on its roots AT&T has had ambitious plans in the past decade or so, particularly in the media and entertainment industry. AT&T said it wants to shift around 70% of its wireless traffic to an Open Radio Access Network system, and this move makes Ericsson AT&T's main supplier of 5G equipment. The postpaid phone market isn't a high-growth segment, but AT&T hopes the Ericsson deal can keep the momentum going with the growth of its fiber business.
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AT&T's high dividend can be a good source of income You can't talk about AT&T's stock without discussing its dividend. T Free Cash Flow Per Share data by YCharts AT&T is getting back to focusing on its roots AT&T has had ambitious plans in the past decade or so, particularly in the media and entertainment industry. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Despite having a commanding market share (47% of U.S. wireless subscriptions in the third quarter) and strong market presence, AT&T's stock has performed as badly as anyone could've anticipated over the past few years. AT&T's high dividend can be a good source of income You can't talk about AT&T's stock without discussing its dividend. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Stefon Walters has no position in any of the stocks mentioned.
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Despite having a commanding market share (47% of U.S. wireless subscriptions in the third quarter) and strong market presence, AT&T's stock has performed as badly as anyone could've anticipated over the past few years. It's now down over 40% from its high over the past five years. AT&T's high dividend can be a good source of income You can't talk about AT&T's stock without discussing its dividend.
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6f7d4bb7-2fb8-4c74-b886-5802480626da
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712748.0
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2023-12-12 00:00:00 UTC
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FedEx (FDX) Reports Next Week: Wall Street Expects Earnings Growth
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https://www.nasdaq.com/articles/fedex-fdx-reports-next-week%3A-wall-street-expects-earnings-growth-0
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FedEx (FDX) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended November 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on December 19, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This package delivery company is expected to post quarterly earnings of $4.13 per share in its upcoming report, which represents a year-over-year change of +29.9%.
Revenues are expected to be $22.33 billion, down 2.1% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.42% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for FedEx?
For FedEx, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.48%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that FedEx will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that FedEx would post earnings of $3.70 per share when it actually produced earnings of $4.55, delivering a surprise of +22.97%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
FedEx appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
FedEx Corporation (FDX) : 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 widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For FedEx, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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FedEx (FDX) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended November 2023. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 0.42% lower over the last 30 days to the current level. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release.
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89dcc3a8-ba0a-40a5-906d-1f513fa5b253
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712749.0
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2023-12-12 00:00:00 UTC
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Validea's Top Industrial Stocks Based On Joel Greenblatt - 12/12/2023
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https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-joel-greenblatt-12-12-2023
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The following are the top rated Industrial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ATKORE INC (ATKR) is a mid-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Atkore Inc. is a manufacturer of electrical products for commercial, industrial, data center, telecommunications and solar applications. The Company's segments include electrical, and safety and infrastructure. The electrical segment manufactures products used in the construction of electrical power systems, including conduit, cable and installation accessories, and serves contractors in partnership with the electrical wholesale channel. The safety and infrastructure segment designs and manufactures solutions, including metal framing, mechanical pipe, perimeter security and cable management for the protection of infrastructure. These solutions are marketed to contractors, original equipment manufacturers and end users. Its products and services include Toggle Dropdown, Conduit, Traffic Products and Cable Tray Systems. It manufactures products in approximately 49 facilities and operates a total of 7.5 million square feet of manufacturing and distribution space in eight countries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of ATKORE INC
ATKR Guru Analysis
ATKR Fundamental Analysis
HUDSON TECHNOLOGIES, INC. (HDSN) is a small-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hudson Technologies, Inc. is a refrigerant services company. The Company provides refrigerant products and services to the heating ventilation, air conditioning and refrigeration industries. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide services performed at a customer's site. RefrigerantSide Services consists of system decontamination to remove moisture, oils and other contaminants intended to restore systems to designed capacity. In addition, the Company's SmartEnergy OPS service is a Web-based real-time continuous monitoring service applicable to a facility's refrigeration systems and other energy systems. The Company's Chiller Chemistry and Chill Smart services are also predictive and diagnostic service offerings.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of HUDSON TECHNOLOGIES, INC.
HDSN Guru Analysis
HDSN Fundamental Analysis
HYSTER-YALE MATERIALS HANDLING INC (HY) is a small-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Joel Greenblatt is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hyster-Yale Materials Handling, Inc. is an integrated, full-line lift truck manufacturer. The Company, through Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally, primarily under the Hyster and Yale brand names. Its segments include the Americas; Europe, the Middle East and Africa (EMEA), and Japan, Asia, Pacific, India and China (JAPIC). It offers a range of solutions, including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, as well as a variety of other power options for its lift trucks. It also sells aftermarket parts under the UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. Its lift trucks and component parts are manufactured in the United States, China, Northern Ireland, Mexico, the Netherlands, Brazil, the Philippines, Italy, Japan and Vietnam.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of HYSTER-YALE MATERIALS HANDLING INC
HY Guru Analysis
HY Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Company, through Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally, primarily under the Hyster and Yale brand names. Its lift trucks and component parts are manufactured in the United States, China, Northern Ireland, Mexico, the Netherlands, Brazil, the Philippines, Italy, Japan and Vietnam. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide services performed at a customer's site. Detailed Analysis of HUDSON TECHNOLOGIES, INC. HDSN Guru Analysis HDSN Fundamental Analysis HYSTER-YALE MATERIALS HANDLING INC (HY) is a small-cap value stock in the Misc. Detailed Analysis of HYSTER-YALE MATERIALS HANDLING INC HY Guru Analysis HY Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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The following are the top rated Industrial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide services performed at a customer's site. Detailed Analysis of HYSTER-YALE MATERIALS HANDLING INC HY Guru Analysis HY Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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This value model looks for companies with high return on capital and earnings yields. The electrical segment manufactures products used in the construction of electrical power systems, including conduit, cable and installation accessories, and serves contractors in partnership with the electrical wholesale channel. Company Description: Hudson Technologies, Inc. is a refrigerant services company.
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e35a6d50-2410-45c5-9aa9-9bb9116d9baa
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712750.0
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2023-12-12 00:00:00 UTC
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Validea's Top Industrial Stocks Based On Warren Buffett - 12/12/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-warren-buffett-12-12-2023
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The following are the top rated Industrial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
UNION PACIFIC CORP (UNP) is a large-cap growth stock in the Railroads industry. The rating according to our strategy based on Warren Buffett is 82% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). It connects 23 states in the western two-thirds of the country and maintains coordinated schedules with other rail carriers to move freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. Its Railroad's diversified business mix includes Bulk, Industrial, and Premium. Its Bulk shipments consist of grain and grain products, fertilizer, food and refrigerated, and coal and renewables. Its Industrial shipments consist of several categories, including construction, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases (LPG), soda ash, and sand. Its Premium shipments include finished automobiles, automotive parts, and merchandise in intermodal containers, both domestic and international.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of UNION PACIFIC CORP
UNP Guru Analysis
UNP Fundamental Analysis
EXPONENT INC (EXPO) is a mid-cap growth stock in the Construction Services industry. The rating according to our strategy based on Warren Buffett is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Exponent, Inc., together with its subsidiaries, is a science and engineering consulting company. The Company's service offerings are provided on a project-by-project basis. Its segments include Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment is a service group providing technical consulting in different practices primarily in engineering, including biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences and vehicle engineering. The Environmental and Health segment provides services in the area of environmental, epidemiology and health risk analysis, including chemical regulation and food safety; ecological and biological sciences; environmental and earth sciences, and health sciences.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: FAIL
EXPECTED RETURN: FAIL
Detailed Analysis of EXPONENT INC
EXPO Guru Analysis
EXPO Fundamental Analysis
HONEYWELL INTERNATIONAL INC (HON) is a large-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Warren Buffett is 68% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Honeywell International Inc. is a software-industrial company that provides technology solutions. The Company operates through four segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Aerospace segment supplies products, software and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in various end markets. The Honeywell Building Technologies segment offers products, software, solutions and technologies that enable building owners and occupants to ensure their facilities are safe, energy efficient, sustainable and productive. The Performance Materials and Technologies segment is engaged in developing and manufacturing performance chemicals and materials, process technologies and automation solutions. The Safety and Productivity Solutions segment provides products and software that improve productivity, workplace safety, and asset performance to customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: FAIL
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of HONEYWELL INTERNATIONAL INC
HON Guru Analysis
HON Fundamental Analysis
CSX CORPORATION (CSX) is a large-cap growth stock in the Railroads industry. The rating according to our strategy based on Warren Buffett is 68% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It categorizes its products into primary lines of business such as merchandise, intermodal, coal and trucking. Its intermodal business links customers to railroads through trucks and terminals. Its merchandise business consists of shipments in markets, such as agricultural and food products, automotive, forest products, metals and equipment, and fertilizers. It transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities. Its principal operating subsidiary, CSX Transportation, Inc., provides an important link to the transportation supply chain through its route-mile rail.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: FAIL
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of CSX CORPORATION
CSX Guru Analysis
CSX Fundamental Analysis
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the top rated Industrial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. The Aerospace segment supplies products, software and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in various end markets. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of UNION PACIFIC CORP UNP Guru Analysis UNP Fundamental Analysis EXPONENT INC (EXPO) is a mid-cap growth stock in the Construction Services industry. Detailed Analysis of HONEYWELL INTERNATIONAL INC HON Guru Analysis HON Fundamental Analysis CSX CORPORATION (CSX) is a large-cap growth stock in the Railroads industry. Detailed Analysis of CSX CORPORATION CSX Guru Analysis CSX Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time.
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The Engineering and Other Scientific segment is a service group providing technical consulting in different practices primarily in engineering, including biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences and vehicle engineering. Detailed Analysis of HONEYWELL INTERNATIONAL INC HON Guru Analysis HON Fundamental Analysis CSX CORPORATION (CSX) is a large-cap growth stock in the Railroads industry. Detailed Analysis of CSX CORPORATION CSX Guru Analysis CSX Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time.
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Company Description: Union Pacific Corporation is a railroad operating company in the United States. It categorizes its products into primary lines of business such as merchandise, intermodal, coal and trucking. Detailed Analysis of CSX CORPORATION CSX Guru Analysis CSX Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time.
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dec4a467-010d-480c-acec-d3d38dff6e7f
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712751.0
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2023-12-12 00:00:00 UTC
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Is Britvic (BTVCY) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-britvic-btvcy-stock-undervalued-right-now-0
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Britvic (BTVCY). BTVCY is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 12.37 right now. For comparison, its industry sports an average P/E of 19.13. Over the past year, BTVCY's Forward P/E has been as high as 18.70 and as low as 12.28, with a median of 14.90.
Investors should also recognize that BTVCY has a P/B ratio of 5.68. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. BTVCY's current P/B looks attractive when compared to its industry's average P/B of 9.63. BTVCY's P/B has been as high as 6.45 and as low as 3.81, with a median of 5.70, over the past year.
These are just a handful of the figures considered in Britvic's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BTVCY is an impressive value stock right now.
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
Britvic PLC Sponsored ADR (BTVCY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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 the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Click to get this free report Britvic PLC Sponsored ADR (BTVCY) : 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 proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Britvic PLC Sponsored ADR (BTVCY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. One company value investors might notice is Britvic (BTVCY). Want the latest recommendations from Zacks Investment Research?
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efa90cf0-f263-4d3f-91ff-d9dda368c637
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712752.0
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2023-12-12 00:00:00 UTC
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Are Basic Materials Stocks Lagging Axalta Coating Systems (AXTA) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-basic-materials-stocks-lagging-axalta-coating-systems-axta-this-year
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nan
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nan
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Axalta Coating Systems (AXTA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Axalta Coating Systems is one of 230 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Axalta Coating Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AXTA's full-year earnings has moved 8.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AXTA has returned 30.2% so far this year. Meanwhile, the Basic Materials sector has returned an average of 6.5% on a year-to-date basis. This shows that Axalta Coating Systems is outperforming its peers so far this year.
Galiano Gold (GAU) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 21.8%.
The consensus estimate for Galiano Gold's current year EPS has increased 12.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Axalta Coating Systems belongs to the Chemical - Specialty industry, a group that includes 34 individual companies and currently sits at #181 in the Zacks Industry Rank. This group has gained an average of 16.8% so far this year, so AXTA is performing better in this area.
On the other hand, Galiano Gold belongs to the Mining - Gold industry. This 39-stock industry is currently ranked #78. The industry has moved +4% year to date.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Axalta Coating Systems and Galiano Gold as they could maintain their solid performance.
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
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
Galiano Gold Inc. (GAU) : 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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Axalta Coating Systems (AXTA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Axalta Coating Systems and Galiano Gold as they could maintain their solid performance.
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Axalta Coating Systems is one of 230 individual stocks in the Basic Materials sector. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Galiano Gold Inc. (GAU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. To break things down more, Axalta Coating Systems belongs to the Chemical - Specialty industry, a group that includes 34 individual companies and currently sits at #181 in the Zacks Industry Rank. Click to get this free report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Galiano Gold Inc. (GAU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Axalta Coating Systems is one of 230 individual stocks in the Basic Materials sector. Galiano Gold (GAU) is another Basic Materials stock that has outperformed the sector so far this year. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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c4f6d25f-cbfd-4d80-b3fd-2cdc5ff3cdca
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712753.0
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2023-12-12 00:00:00 UTC
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Is Brown & Brown (BRO) Stock Outpacing Its Finance Peers This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-brown-brown-bro-stock-outpacing-its-finance-peers-this-year-0
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nan
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nan
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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Brown & Brown (BRO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Brown & Brown is one of 844 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Brown & Brown is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BRO's full-year earnings has moved 2.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BRO has returned 31.6% so far this year. Meanwhile, the Finance sector has returned an average of 12.7% on a year-to-date basis. This shows that Brown & Brown is outperforming its peers so far this year.
BrightSpire (BRSP) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15.3%.
The consensus estimate for BrightSpire's current year EPS has increased 6.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Brown & Brown belongs to the Insurance - Brokerage industry, a group that includes 8 individual companies and currently sits at #12 in the Zacks Industry Rank. This group has gained an average of 18.2% so far this year, so BRO is performing better in this area.
On the other hand, BrightSpire belongs to the REIT and Equity Trust industry. This 30-stock industry is currently ranked #215. The industry has moved +7.1% year to date.
Going forward, investors interested in Finance stocks should continue to pay close attention to Brown & Brown and BrightSpire as they could maintain their solid performance.
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
Brown & Brown, Inc. (BRO) : Free Stock Analysis Report
BrightSpire Capital, Inc. (BRSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question. Over the past three months, the Zacks Consensus Estimate for BRO's full-year earnings has moved 2.6% higher. 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 Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Over the past three months, the Zacks Consensus Estimate for BRO's full-year earnings has moved 2.6% higher. Click to get this free report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report BrightSpire Capital, Inc. (BRSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. To break things down more, Brown & Brown belongs to the Insurance - Brokerage industry, a group that includes 8 individual companies and currently sits at #12 in the Zacks Industry Rank. Click to get this free report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report BrightSpire Capital, Inc. (BRSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Brown & Brown is one of 844 individual stocks in the Finance sector. BrightSpire (BRSP) is another Finance stock that has outperformed the sector so far this year. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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89093c9a-c23a-4652-9d8d-7beebd97a06c
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712754.0
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2023-12-12 00:00:00 UTC
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Is Sprinklr (CXM) Stock Outpacing Its Business Services Peers This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-sprinklr-cxm-stock-outpacing-its-business-services-peers-this-year
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nan
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nan
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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Sprinkler (CXM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Sprinkler is one of 318 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Sprinkler is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CXM's full-year earnings has moved 61.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CXM has returned 36.2% so far this year. Meanwhile, the Business Services sector has returned an average of 18.2% on a year-to-date basis. As we can see, Sprinkler is performing better than its sector in the calendar year.
Another Business Services stock, which has outperformed the sector so far this year, is Inter & Co. Inc. (INTR). The stock has returned 113.1% year-to-date.
Over the past three months, Inter & Co. Inc.'s consensus EPS estimate for the current year has increased 4.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Sprinkler belongs to the Technology Services industry, which includes 176 individual stocks and currently sits at #80 in the Zacks Industry Rank. On average, stocks in this group have gained 41.3% this year, meaning that CXM is slightly underperforming its industry in terms of year-to-date returns. Inter & Co. Inc. is also part of the same industry.
Investors with an interest in Business Services stocks should continue to track Sprinkler and Inter & Co. Inc. These stocks will be looking to continue their solid performance.
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
Sprinklr, Inc. (CXM) : Free Stock Analysis Report
Inter & Co. Inc. (INTR) : 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 90 days, the Zacks Consensus Estimate for CXM's full-year earnings has moved 61.3% higher. On average, stocks in this group have gained 41.3% this year, meaning that CXM is slightly underperforming its industry in terms of year-to-date returns. 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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Over the past 90 days, the Zacks Consensus Estimate for CXM's full-year earnings has moved 61.3% higher. Looking more specifically, Sprinkler belongs to the Technology Services industry, which includes 176 individual stocks and currently sits at #80 in the Zacks Industry Rank. Click to get this free report Sprinklr, Inc. (CXM) : Free Stock Analysis Report Inter & Co. Inc. (INTR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Looking more specifically, Sprinkler belongs to the Technology Services industry, which includes 176 individual stocks and currently sits at #80 in the Zacks Industry Rank. Click to get this free report Sprinklr, Inc. (CXM) : Free Stock Analysis Report Inter & Co. Inc. (INTR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has Sprinkler (CXM) been one of those stocks this year? Another Business Services stock, which has outperformed the sector so far this year, is Inter & Co. Inc. (INTR). On average, stocks in this group have gained 41.3% this year, meaning that CXM is slightly underperforming its industry in terms of year-to-date returns.
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a8ac593c-35a3-4678-86fb-53f089dd9eb8
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712755.0
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2023-12-12 00:00:00 UTC
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Is Rio Tinto (RIO) a Great Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-rio-tinto-rio-a-great-value-stock-right-now
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Rio Tinto (RIO). RIO is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.44, while its industry has an average P/E of 11.07. Over the last 12 months, RIO's Forward P/E has been as high as 12.28 and as low as 6.77, with a median of 8.82.
We also note that RIO holds a PEG ratio of 0.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. RIO's PEG compares to its industry's average PEG of 1.19. Within the past year, RIO's PEG has been as high as 0.48 and as low as 0.48, with a median of 0.48.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Rio Tinto is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, RIO feels like a great value stock at the moment.
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
Rio Tinto PLC (RIO) : 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.
|
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. 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.
|
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Want the latest recommendations from Zacks Investment Research? Click to get this free report Rio Tinto PLC (RIO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Click to get this free report Rio Tinto PLC (RIO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. One company to watch right now is Rio Tinto (RIO). Want the latest recommendations from Zacks Investment Research?
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fb57a6f6-b80e-40c3-b7a6-64e6eaff0410
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712756.0
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2023-12-12 00:00:00 UTC
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Is RPM International (RPM) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-rpm-international-rpm-stock-undervalued-right-now
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is RPM International (RPM). RPM is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 19.97 right now. For comparison, its industry sports an average P/E of 24.76. Over the past year, RPM's Forward P/E has been as high as 22.41 and as low as 16.90, with a median of 18.68.
Investors should also note that RPM holds a PEG ratio of 1.45. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. RPM's PEG compares to its industry's average PEG of 1.93. Within the past year, RPM's PEG has been as high as 1.96 and as low as 1.22, with a median of 1.42.
Investors should also recognize that RPM has a P/B ratio of 6.04. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 14.88. Within the past 52 weeks, RPM's P/B has been as high as 6.43 and as low as 4.80, with a median of 5.42.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. RPM has a P/S ratio of 1.89. This compares to its industry's average P/S of 2.57.
Finally, investors should note that RPM has a P/CF ratio of 19.48. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 21.27. Within the past 12 months, RPM's P/CF has been as high as 20.30 and as low as 14.09, with a median of 16.91.
These are only a few of the key metrics included in RPM International's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, RPM looks like an impressive value stock at the moment.
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
RPM International Inc. (RPM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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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This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. RPM's PEG compares to its industry's average PEG of 1.93. Click to get this free report RPM International Inc. (RPM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. One company value investors might notice is RPM International (RPM). Click to get this free report RPM International Inc. (RPM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. RPM has a P/S ratio of 1.89. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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c1704503-dc63-4472-8a36-45fece6b59e3
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712757.0
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2023-12-12 00:00:00 UTC
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Is Alamo Group (ALG) Stock Outpacing Its Industrial Products Peers This Year?
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https://www.nasdaq.com/articles/is-alamo-group-alg-stock-outpacing-its-industrial-products-peers-this-year-0
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Alamo Group (ALG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Alamo Group is one of 216 individual stocks in the Industrial Products sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Alamo Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALG's full-year earnings has moved 4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ALG has gained about 35.7% so far this year. In comparison, Industrial Products companies have returned an average of 9.1%. This shows that Alamo Group is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Atlas Copco AB (ATLKY), has outperformed the sector so far this year. The stock's year-to-date return is 35%.
In Atlas Copco AB's case, the consensus EPS estimate for the current year increased 3.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Alamo Group belongs to the Manufacturing - Farm Equipment industry, a group that includes 8 individual stocks and currently sits at #191 in the Zacks Industry Rank. This group has lost an average of 17.9% so far this year, so ALG is performing better in this area.
In contrast, Atlas Copco AB falls under the Manufacturing - General Industrial industry. Currently, this industry has 41 stocks and is ranked #151. Since the beginning of the year, the industry has moved +17%.
Alamo Group and Atlas Copco AB could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
Atlas Copco AB (ATLKY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. In Atlas Copco AB's case, the consensus EPS estimate for the current year increased 3.9% over the past three months. 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 Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Another stock in the Industrial Products sector, Atlas Copco AB (ATLKY), has outperformed the sector so far this year. Click to get this free report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Atlas Copco AB (ATLKY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking more specifically, Alamo Group belongs to the Manufacturing - Farm Equipment industry, a group that includes 8 individual stocks and currently sits at #191 in the Zacks Industry Rank. Alamo Group and Atlas Copco AB could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks. Click to get this free report Alamo Group, Inc. (ALG) : Free Stock Analysis Report Atlas Copco AB (ATLKY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Another stock in the Industrial Products sector, Atlas Copco AB (ATLKY), has outperformed the sector so far this year. Currently, this industry has 41 stocks and is ranked #151. 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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3ed24b40-ce03-4e8d-a673-10b63b7764b7
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712758.0
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2023-12-12 00:00:00 UTC
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Are Consumer Staples Stocks Lagging Britvic (BTVCY) This Year?
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https://www.nasdaq.com/articles/are-consumer-staples-stocks-lagging-britvic-btvcy-this-year
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Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Britvic PLC Sponsored ADR (BTVCY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Britvic PLC Sponsored ADR is one of 192 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Britvic PLC Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BTVCY's full-year earnings has moved 15.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, BTVCY has returned 10.2% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -6.7% on a year-to-date basis. This shows that Britvic PLC Sponsored ADR is outperforming its peers so far this year.
Danone (DANOY) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 21.5%.
The consensus estimate for Danone's current year EPS has increased 0.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Britvic PLC Sponsored ADR belongs to the Beverages - Soft drinks industry, a group that includes 16 individual companies and currently sits at #17 in the Zacks Industry Rank. This group has gained an average of 5% so far this year, so BTVCY is performing better in this area.
On the other hand, Danone belongs to the Food - Miscellaneous industry. This 46-stock industry is currently ranked #90. The industry has moved -8% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Britvic PLC Sponsored ADR and Danone as they could maintain their solid performance.
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
Britvic PLC Sponsored ADR (BTVCY) : Free Stock Analysis Report
Danone (DANOY) : 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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Britvic PLC Sponsored ADR (BTVCY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question. Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Britvic PLC Sponsored ADR and Danone as they could maintain their solid performance.
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Britvic PLC Sponsored ADR is one of 192 individual stocks in the Consumer Staples sector. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Britvic PLC Sponsored ADR (BTVCY) : Free Stock Analysis Report Danone (DANOY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. To break things down more, Britvic PLC Sponsored ADR belongs to the Beverages - Soft drinks industry, a group that includes 16 individual companies and currently sits at #17 in the Zacks Industry Rank. Click to get this free report Britvic PLC Sponsored ADR (BTVCY) : Free Stock Analysis Report Danone (DANOY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Danone (DANOY) is another Consumer Staples stock that has outperformed the sector so far this year. To break things down more, Britvic PLC Sponsored ADR belongs to the Beverages - Soft drinks industry, a group that includes 16 individual companies and currently sits at #17 in the Zacks Industry Rank. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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808485e7-da23-406b-b9c6-8bbb43185fc4
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712759.0
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2023-12-12 00:00:00 UTC
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Is Matador Resources (MTDR) Stock Undervalued Right Now?
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https://www.nasdaq.com/articles/is-matador-resources-mtdr-stock-undervalued-right-now
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is Matador Resources (MTDR). MTDR is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 5.86 right now. For comparison, its industry sports an average P/E of 7.69. Over the last 12 months, MTDR's Forward P/E has been as high as 8.30 and as low as 4.91, with a median of 6.62.
Another notable valuation metric for MTDR is its P/B ratio of 1.66. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.24. Over the past 12 months, MTDR's P/B has been as high as 2.45 and as low as 1.46, with a median of 1.84.
Finally, our model also underscores that MTDR has a P/CF ratio of 4.39. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 4.76. Over the past 52 weeks, MTDR's P/CF has been as high as 5.42 and as low as 3.05, with a median of 4.29.
Value investors will likely look at more than just these metrics, but the above data helps show that Matador Resources is likely undervalued currently. And when considering the strength of its earnings outlook, MTDR sticks out at as one of the market's strongest value stocks.
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
Matador Resources Company (MTDR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. 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 proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Want the latest recommendations from Zacks Investment Research? Click to get this free report Matador Resources Company (MTDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Click to get this free report Matador Resources Company (MTDR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Want the latest recommendations from Zacks Investment Research?
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036261d7-5568-48fa-857a-5a319447e5c5
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712760.0
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2023-12-12 00:00:00 UTC
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Are Medical Stocks Lagging Cardinal Health (CAH) This Year?
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https://www.nasdaq.com/articles/are-medical-stocks-lagging-cardinal-health-cah-this-year-0
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For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cardinal Health (CAH) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cardinal Health is one of 1088 individual stocks in the Medical sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Cardinal Health is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CAH's full-year earnings has moved 3.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CAH has moved about 39.2% on a year-to-date basis. At the same time, Medical stocks have lost an average of 6.4%. This means that Cardinal Health is performing better than its sector in terms of year-to-date returns.
Another stock in the Medical sector, DaVita HealthCare (DVA), has outperformed the sector so far this year. The stock's year-to-date return is 43.3%.
For DaVita HealthCare, the consensus EPS estimate for the current year has increased 9.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Cardinal Health belongs to the Medical - Dental Supplies industry, which includes 16 individual stocks and currently sits at #171 in the Zacks Industry Rank. This group has gained an average of 10.2% so far this year, so CAH is performing better in this area.
In contrast, DaVita HealthCare falls under the Medical - Outpatient and Home Healthcare industry. Currently, this industry has 17 stocks and is ranked #44. Since the beginning of the year, the industry has moved +5.6%.
Going forward, investors interested in Medical stocks should continue to pay close attention to Cardinal Health and DaVita HealthCare as they could maintain their solid performance.
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
DaVita Inc. (DVA) : 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 system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Going forward, investors interested in Medical stocks should continue to pay close attention to Cardinal Health and DaVita HealthCare as they could maintain their solid performance. 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 Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Looking more specifically, Cardinal Health belongs to the Medical - Dental Supplies industry, which includes 16 individual stocks and currently sits at #171 in the Zacks Industry Rank. Click to get this free report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report DaVita Inc. (DVA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Looking more specifically, Cardinal Health belongs to the Medical - Dental Supplies industry, which includes 16 individual stocks and currently sits at #171 in the Zacks Industry Rank. Click to get this free report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report DaVita Inc. (DVA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has Cardinal Health (CAH) been one of those stocks this year? This means that Cardinal Health is performing better than its sector in terms of year-to-date returns. 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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2d12674b-0e00-4396-8182-749791fe996d
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712761.0
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2023-12-12 00:00:00 UTC
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Is ACV Auctions (ACVA) Outperforming Other Retail-Wholesale Stocks This Year?
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https://www.nasdaq.com/articles/is-acv-auctions-acva-outperforming-other-retail-wholesale-stocks-this-year-0
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Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has ACV Auctions Inc. (ACVA) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
ACV Auctions Inc. is one of 221 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ACV Auctions Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACVA's full-year earnings has moved 14.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ACVA has returned 75.2% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 22.5% on average. This shows that ACV Auctions Inc. is outperforming its peers so far this year.
American Eagle Outfitters (AEO) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 48.7%.
The consensus estimate for American Eagle Outfitters' current year EPS has increased 9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ACV Auctions Inc. belongs to the Internet - Commerce industry, which includes 42 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have gained 48.5% this year, meaning that ACVA is performing better in terms of year-to-date returns.
On the other hand, American Eagle Outfitters belongs to the Retail - Apparel and Shoes industry. This 43-stock industry is currently ranked #151. The industry has moved +16.5% year to date.
ACV Auctions Inc. and American Eagle Outfitters could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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
ACV Auctions Inc. (ACVA) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. On average, stocks in this group have gained 48.5% this year, meaning that ACVA is performing better in terms of year-to-date returns. 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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On average, stocks in this group have gained 48.5% this year, meaning that ACVA is performing better in terms of year-to-date returns. ACV Auctions Inc. and American Eagle Outfitters could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Click to get this free report ACV Auctions Inc. (ACVA) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking more specifically, ACV Auctions Inc. belongs to the Internet - Commerce industry, which includes 42 individual stocks and currently sits at #26 in the Zacks Industry Rank. ACV Auctions Inc. and American Eagle Outfitters could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Click to get this free report ACV Auctions Inc. (ACVA) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has ACV Auctions Inc. (ACVA) been one of those stocks this year? The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. American Eagle Outfitters (AEO) is another Retail-Wholesale stock that has outperformed the sector so far this year.
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0a568d39-049b-4529-8de1-78150d712c41
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712762.0
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2023-12-12 00:00:00 UTC
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3 Passive-Income Powerhouses to Buy Before the End of 2023
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https://www.nasdaq.com/articles/3-passive-income-powerhouses-to-buy-before-the-end-of-2023
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When the S&P 500 is roaring higher and knocking on the door of an all-time high, a few percentage points of dividend yield may not seem that enticing.
However, the real advantage of dividend stocks isn't what they do during a raging bull market, but the security they provide during a bear market. When equity prices are crashing all around you, collecting reliable income without the need to buy stock can provide some extra dry powder to buy the dip on beaten-down growth stocks, or simply act as an income source.
The sweet spot is finding a stock that can deliver both dividend income and compound value over time. Chevron (NYSE: CVX), Procter & Gamble (NYSE: PG), and MSC Industrial Direct (NYSE: MSM) fit that profile. Here's why each stock is worth buying now.
Image source: Getty Images.
With oil prices down, Chevron looks like a buy
Scott Levine (Chevron): Falling fairly steadily from a price per barrel of about $94, benchmark West Texas Intermediate is now priced around $72. And with the fall in energy prices, energy stocks like Chevron have also dipped. The oil supermajor's stock has slipped more than 13% over the past three months as of this writing, meaning investors can pick up Chevron stock, and its attractive 4.2% forward-yielding dividend, at a better price.
Although the sinking energy prices may be disconcerting to potential investors, it's important to remember that energy prices are cyclical, so riding out these declines is part and parcel of being an investor in energy stocks. And while some management teams aren't adept at navigating their businesses through volatility stemming from falling energy prices, let alone maintaining or raising the dividend, Chevron's C-suite has demonstrated sufficient prowess. For 36 consecutive years, Chevron has logged dividend raises, making it one of the elite dividend-paying stocks available to investors.
One of the alluring aspects of Chevron as a dividend stock is that the company often generates sufficient free cash flow from its extensive operations up and down the energy value chain to cover its dividend.
CVX Dividend Per Share (Annual) data by YCharts.
And Chevron's free cash flow, presumably, will remain strong in the years to come, especially in light of the recent acquisition of PDC Energy, an acquisition expected to contribute $1 billion in annual free cash flow.
Shares of Chevron are currently valued at 7.6 times operating cash flow, representing a discount to its five-year average cash flow multiple of 9.4. That makes now a great time to grease the wheels of your passive income machine with Chevron stock.
Take advantage of P&G's down year
Daniel Foelber (Procter & Gamble): P&G has underperformed the market this year. And it could be a buying opportunity.
During a time when many consumer staples companies are seeing falling margins, P&G's margins are less than two percentage points off of an all-time high, while its net income has rebounded to a five-year high.
PG Operating Margin (TTM) data by YCharts
The strong performance, paired with a lagging stock price, has pushed P&G's price to earnings ratio down 23.6 -- which isn't necessarily cheap. But it is below the stocks' three-, five, seven, and 10-year median.
PG PE Ratio data by YCharts
I believe P&G deserves to trade above its historic valuation, not below it. The company has done a uniquely impressive job during this inflationary period by exhibiting unparalleled pricing power when so many of its peers have seen their margins compress or are just now building their margins back up.
2022 and 2023 proved how P&G is the undisputed industry leader across its businesses segments, and it's also demonstrated the advantage it has from a supply chain management perspective.
With 67 consecutive years of dividend raises, P&G is a reliable passive-income stock that also has what it takes to take market share and grow its operations for years to come.
MSC Industrial has long-term growth prospects and an attractive dividend
Lee Samaha (MSC Industrial): Maintenance, repair, and operations (MRO) product distributor MSC Industrial is a play on industrial production growth in the United States. In an era where global trade tensions are growing and the economy continues to suffer from supply chain constraints, many industrial companies have reshoring on their mind.
However, to shift manufacturing back from low-labor-cost countries will require investment in productivity-enhancing technology like automation and smart manufacturing, and it will also need a good-quality, reliable MRO supply to improve productivity.
That's where MSC Industrial's inventory management solutions, same-day shipping of products, e-commerce capability, and growing installed base of vending machines at customer sites come in. Through these initiatives and its focus on metalworking, MSC has generated organic sales growth in excess of industrial production growth in the U.S. over the past few years.
Its earnings have grown in concert, and its quarterly dividend of $0.83 puts the stock on a dividend yield of 3.4% at the current price. According to CFO Kristen Actis-Grande on the last earnings call, MSC targets "modest and consistent increases" in dividends over time.
With Wall Street analysts penciling in earnings per share of $6.14 for 2024, MSC's yearly dividend of $3.32 is well covered. Investors can look forward to long-term growth in earnings and dividends if investment in reshoring is set to grow in the coming decade.
Should you invest $1,000 in Chevron right now?
Before you buy stock in Chevron, consider this:
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Daniel Foelber has no position in any of the stocks mentioned. Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MSC Industrial Direct. The Motley Fool recommends Chevron. 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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And while some management teams aren't adept at navigating their businesses through volatility stemming from falling energy prices, let alone maintaining or raising the dividend, Chevron's C-suite has demonstrated sufficient prowess. In an era where global trade tensions are growing and the economy continues to suffer from supply chain constraints, many industrial companies have reshoring on their mind. That's where MSC Industrial's inventory management solutions, same-day shipping of products, e-commerce capability, and growing installed base of vending machines at customer sites come in.
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Chevron (NYSE: CVX), Procter & Gamble (NYSE: PG), and MSC Industrial Direct (NYSE: MSM) fit that profile. MSC Industrial has long-term growth prospects and an attractive dividend Lee Samaha (MSC Industrial): Maintenance, repair, and operations (MRO) product distributor MSC Industrial is a play on industrial production growth in the United States. Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Chevron wasn't one of them.
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The oil supermajor's stock has slipped more than 13% over the past three months as of this writing, meaning investors can pick up Chevron stock, and its attractive 4.2% forward-yielding dividend, at a better price. MSC Industrial has long-term growth prospects and an attractive dividend Lee Samaha (MSC Industrial): Maintenance, repair, and operations (MRO) product distributor MSC Industrial is a play on industrial production growth in the United States. Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Chevron wasn't one of them.
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One of the alluring aspects of Chevron as a dividend stock is that the company often generates sufficient free cash flow from its extensive operations up and down the energy value chain to cover its dividend. MSC Industrial has long-term growth prospects and an attractive dividend Lee Samaha (MSC Industrial): Maintenance, repair, and operations (MRO) product distributor MSC Industrial is a play on industrial production growth in the United States. Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Chevron wasn't one of them.
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2023-12-12 00:00:00 UTC
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Oracle (ORCL) Q2 Earnings Beat Estimates, Revenues Miss
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DCOMP
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https://www.nasdaq.com/articles/oracle-orcl-q2-earnings-beat-estimates-revenues-miss
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Oracle ORCL reported second-quarter fiscal 2024 non-GAAP earnings of $1.34 per share, which beat the Zacks Consensus Estimate by 1.52% and increased 10.7% year over year. At constant currency (cc), earnings increased 9% year over year.
Revenues increased 5% (up 4% at cc) year over year to $12.9 billion but missed the Zacks Consensus Estimate by 0.84%.
Uncertain economy and competition in the cloud computing market weighed on demand for its cloud offerings, sending the company’s shares down more than 7% in extended trading. Sticky inflation and high borrowing costs have forced firms to cut back on expenditure, hurting companies like Oracle that depend on enterprise spending.
Revenues from the Americas jumped 3.6% year over year to $8.06 billion and accounted for 62.3% of total revenues. Europe/Middle East/Africa climbed 9.5% year over year to $3.17 billion and contributed 24.5% of total revenues. The remaining revenues came from Asia Pacific, which gained 6.9% year over year to $1.7 billion.
Oracle Corporation Price, Consensus and EPS Surprise
Oracle Corporation price-consensus-eps-surprise-chart | Oracle Corporation Quote
Top-Line Details
Cloud services and license support revenues increased 12% year over year (11% at cc) to $9.63 billion, driven by robust demand for cloud applications, autonomous databases and Gen 2 cloud infrastructure services.
Cloud license and on-premise license revenues declined 18% year over year (down 19% at cc) to $1.17 billion.
Cloud revenues (IaaS plus SaaS), including Cerner, came in at $4.8 billion, up 35% year over year (24% at cc), which was higher than the 30% jump in the previous quarter.
Cloud Infrastructure (IaaS) revenues came in at $1.6 billion, up 52% year over year (50% at cc).
Cloud Application (SaaS) revenues of $3.2 billion increased 15% year over year (14% at cc).
Fusion Cloud ERP (SaaS) revenues came in at $0.8 billion, up 21% year over year (19% at cc). NetSuite Cloud ERP (SaaS) revenues of $0.8 billion increased 21% year over year (20% at cc).
Hardware revenues were $756 million, down 11% year over year (down 12% at cc). Services revenues decreased 2% (down 3% at cc) to $1.36 billion.
For the second quarter of fiscal 2024, Cerner contributed $0.7 billion to total revenues.
Application subscription revenues, which include product support, were $4.5 billion, up 11% year over year. SaaS cloud revenues were $3.2 billion, up 14% on a year-over-year basis.
Infrastructure subscription revenues, which include license support, were $5.2 billion, up 12%. Infrastructure cloud services revenues were up 50%. Excluding legacy hosting services, Gen 2 infrastructure cloud services revenues grew 55%, with annualized revenues of $6 billion.
Oracle Cloud Infrastructure consumption revenues increased 71%. Exadata Cloud Services revenues surged 40% and Autonomous Database revenues were up 26%.
Operating Details
The non-GAAP total operating expenses increased 3% year over year (2% at cc) to $7.4 billion.
The non-GAAP operating income was $5.53 billion, up 9% year over year (up 7% at cc). The non-GAAP operating margin was 43%, which expanded 135 basis points on a year-over-year basis.
Balance Sheet & Cash Flow
As of Nov 30, 2023, Oracle had cash & cash equivalents and marketable securities of $8.69 billion compared with $12.08 billion as of Aug 31, 2023.
Operating cash flow and free cash flow amounted to $17.03 billion and $10.1 billion, respectively.
Remaining performance obligation (RPO) was $65 billion, with the portion excluding Cerner, which increased 11% at cc. Roughly 48% of total RPO is expected to be recognized as revenues over the next 12 months.
The company repurchased four million shares for a total of $450 million and paid out dividends of $4.1 billion over the last 12 months.
Guidance
For the third quarter of fiscal 2024, total revenues, including Cerner, are expected to grow from 6% to 8%. Total revenues, excluding Cerner, are expected to grow from 8% to 10%. Total cloud revenues, excluding Cerner, are expected to grow from 26% to 28%.
The company expects non-GAAP earnings to grow between 10% and 14%. Oracle expects earnings per share in the range of $1.35-$1.39.
Zacks Rank & Stocks to Consider
Oracle carries a Zacks Rank #3 (Hold). Shares of ORCL have gained 40.8% year to date.
Some better-ranked stocks from the broader technology sector are CrowdStrike CRWD, GoDaddy GDDY and Logitech International LOGI, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for CrowdStrike's fourth-quarter 2024 earnings has been revised northward by 5 cents per share in the past 30 days. For fiscal 2024, earnings estimates have been revised 10 cents upward to $2.92 per share in the past 30 days.
CRWD’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 16.56%. Shares of CRWD have rallied 130.4% year to date.
The Zacks Consensus Estimate for GoDaddy's fourth-quarter 2023 earnings has been revised 3 cents upward to $1.05 per share in the past 30 days. For fiscal 2023, earnings estimates have increased 6 cents to $2.72 per share in the past 30 days.
GDDY's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missed the same on one occasion and matched in the remaining one, the average negative surprise being 0.6%. Shares of GDDY have gained 39.4% year to date.
The Zacks Consensus Estimate for Logitech’s third-quarter fiscal 2024 earnings has been revised 2 cents northward to $1.12 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by a penny to $3.43 in the past 30 days.
LOGI's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 30.41%. Shares of LOGI have surged 43.1% year to date.
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
Logitech International S.A. (LOGI) : Free Stock Analysis Report
Oracle Corporation (ORCL) : Free Stock Analysis Report
GoDaddy Inc. (GDDY) : 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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Sticky inflation and high borrowing costs have forced firms to cut back on expenditure, hurting companies like Oracle that depend on enterprise spending. Some better-ranked stocks from the broader technology sector are CrowdStrike CRWD, GoDaddy GDDY and Logitech International LOGI, each carrying a Zacks Rank #2 (Buy) at present. GDDY's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missed the same on one occasion and matched in the remaining one, the average negative surprise being 0.6%.
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Oracle ORCL reported second-quarter fiscal 2024 non-GAAP earnings of $1.34 per share, which beat the Zacks Consensus Estimate by 1.52% and increased 10.7% year over year. Oracle Corporation Price, Consensus and EPS Surprise Oracle Corporation price-consensus-eps-surprise-chart | Oracle Corporation Quote Top-Line Details Cloud services and license support revenues increased 12% year over year (11% at cc) to $9.63 billion, driven by robust demand for cloud applications, autonomous databases and Gen 2 cloud infrastructure services. Click to get this free report Logitech International S.A. (LOGI) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Oracle ORCL reported second-quarter fiscal 2024 non-GAAP earnings of $1.34 per share, which beat the Zacks Consensus Estimate by 1.52% and increased 10.7% year over year. Revenues increased 5% (up 4% at cc) year over year to $12.9 billion but missed the Zacks Consensus Estimate by 0.84%. Oracle Corporation Price, Consensus and EPS Surprise Oracle Corporation price-consensus-eps-surprise-chart | Oracle Corporation Quote Top-Line Details Cloud services and license support revenues increased 12% year over year (11% at cc) to $9.63 billion, driven by robust demand for cloud applications, autonomous databases and Gen 2 cloud infrastructure services.
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Oracle ORCL reported second-quarter fiscal 2024 non-GAAP earnings of $1.34 per share, which beat the Zacks Consensus Estimate by 1.52% and increased 10.7% year over year. Revenues increased 5% (up 4% at cc) year over year to $12.9 billion but missed the Zacks Consensus Estimate by 0.84%. Cloud Infrastructure (IaaS) revenues came in at $1.6 billion, up 52% year over year (50% at cc).
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2023-12-12 00:00:00 UTC
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Best Income Stocks to Buy for December 12th
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https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-december-12th-0
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Here are two stocks with buy rank and strong income characteristics for investors to consider today, December 12th:
Dole DOLE: This company which, is a producer of fresh bananas and pineapples, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.
Dole PLC Price and Consensus
Dole PLC price-consensus-chart | Dole PLC Quote
This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.70%, compared with the industry average of 0.0%.
Dole PLC Dividend Yield (TTM)
Dole PLC dividend-yield-ttm | Dole PLC Quote
Fomento Economico Mexicano FMX: This company which, participates in the beverage industry through Coca-Cola FEMSA and is the world’s largest franchise bottler for Coca-Cola products, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.
Fomento Economico Mexicano S.A.B. de C.V. Price and Consensus
Fomento Economico Mexicano S.A.B. de C.V. price-consensus-chart | Fomento Economico Mexicano S.A.B. de C.V. Quote
This Zacks Rank #1 company has a dividend yield of 1.45%, compared with the industry average of 0.0%.
Fomento Economico Mexicano S.A.B. de C.V. Dividend Yield (TTM)
Fomento Economico Mexicano S.A.B. de C.V. dividend-yield-ttm | Fomento Economico Mexicano S.A.B. de C.V. Quote
Griffon GFF: This diversified management and holding company which is conducting business through wholly-owned subsidiaries, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days.
Griffon Corporation Price and Consensus
Griffon Corporation price-consensus-chart | Griffon Corporation Quote
This Zacks Rank #1 company has a dividend yield of 1.15%, compared with the industry average of 0.0%.
Griffon Corporation Dividend Yield (TTM)
Griffon Corporation dividend-yield-ttm | Griffon Corporation Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens
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
Fomento Economico Mexicano S.A.B. de C.V. (FMX) : Free Stock Analysis Report
Dole PLC (DOLE) : Free Stock Analysis Report
Griffon Corporation (GFF) : 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 two stocks with buy rank and strong income characteristics for investors to consider today, December 12th: Dole DOLE: This company which, is a producer of fresh bananas and pineapples, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. de C.V. Quote Griffon GFF: This diversified management and holding company which is conducting business through wholly-owned subsidiaries, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days. 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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Dole PLC Price and Consensus Dole PLC price-consensus-chart | Dole PLC Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.70%, compared with the industry average of 0.0%. Dole PLC Dividend Yield (TTM) Dole PLC dividend-yield-ttm | Dole PLC Quote Fomento Economico Mexicano FMX: This company which, participates in the beverage industry through Coca-Cola FEMSA and is the world’s largest franchise bottler for Coca-Cola products, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days. de C.V. (FMX) : Free Stock Analysis Report Dole PLC (DOLE) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dole PLC Price and Consensus Dole PLC price-consensus-chart | Dole PLC Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.70%, compared with the industry average of 0.0%. Dole PLC Dividend Yield (TTM) Dole PLC dividend-yield-ttm | Dole PLC Quote Fomento Economico Mexicano FMX: This company which, participates in the beverage industry through Coca-Cola FEMSA and is the world’s largest franchise bottler for Coca-Cola products, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days. de C.V. (FMX) : Free Stock Analysis Report Dole PLC (DOLE) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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de C.V. Price and Consensus Fomento Economico Mexicano S.A.B. de C.V. Dividend Yield (TTM) Fomento Economico Mexicano S.A.B. Want the latest recommendations from Zacks Investment Research?
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2023-12-12 00:00:00 UTC
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Technology Sector Update for 12/14/2023: ASYS, FRGT, ADBE, MVIS
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DCOMP
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https://www.nasdaq.com/articles/technology-sector-update-for-12-14-2023%3A-asys-frgt-adbe-mvis
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Tech stocks were mixed late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 0.4% and the SPDR S&P Semiconductor ETF (XSD) climbing almost 4%.
The Philadelphia Semiconductor Index rose 2.6%.
In corporate news, Amtech Systems (ASYS) shares slumped 31% after the company forecast fiscal Q1 revenue that was below analysts' estimates.
Freight Technologies (FRGT) surged 170% after it said Thursday that Amazon (AMZN) Mexico renewed the selection of its unit Freight App for logistical operations.
Adobe (ADBE) shares tumbled 6.5%, a day after fiscal 2024 revenue guidance disappointed investors.
MicroVision (MVIS) added 3.3% 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 late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 0.4% and the SPDR S&P Semiconductor ETF (XSD) climbing almost 4%. In corporate news, Amtech Systems (ASYS) shares slumped 31% after the company forecast fiscal Q1 revenue that was below analysts' estimates. Adobe (ADBE) shares tumbled 6.5%, a day after fiscal 2024 revenue guidance disappointed investors.
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Tech stocks were mixed late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 0.4% and the SPDR S&P Semiconductor ETF (XSD) climbing almost 4%. In corporate news, Amtech Systems (ASYS) shares slumped 31% after the company forecast fiscal Q1 revenue that was below analysts' estimates. Freight Technologies (FRGT) surged 170% after it said Thursday that Amazon (AMZN) Mexico renewed the selection of its unit Freight App for logistical operations.
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Tech stocks were mixed late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 0.4% and the SPDR S&P Semiconductor ETF (XSD) climbing almost 4%. In corporate news, Amtech Systems (ASYS) shares slumped 31% after the company forecast fiscal Q1 revenue that was below analysts' estimates. MicroVision (MVIS) added 3.3% 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.
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Tech stocks were mixed late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) declining 0.4% and the SPDR S&P Semiconductor ETF (XSD) climbing almost 4%. The Philadelphia Semiconductor Index rose 2.6%. In corporate news, Amtech Systems (ASYS) shares slumped 31% after the company forecast fiscal Q1 revenue that was below analysts' estimates.
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2023-12-12 00:00:00 UTC
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Earnings Season Update and Analyst Reports for Apple, Bank of America & S&P Global
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https://www.nasdaq.com/articles/earnings-season-update-and-analyst-reports-for-apple-bank-of-america-sp-global
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Thursday, December 14, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features a real-time update on the evolving earnings picture as the early Q4 results come in, in addition to featuring new research reports published by our team analysts today. These include updated research reports on Apple Inc. (AAPL), Bank of America Corporation (BAC), S&P Global Inc. (SPGI) and a many others. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Earnings Season Update
Adobe became the third S&P 500 company to release quarterly resuls that get counted as part of our 2023 Q4 earnings tally. The Adobe results were for the company's fiscal quarter ending in November, as were the earlier resutls from AutoZone and Oracle.
A number of other bellwethers like Nike and FedEx will similarly be coming out with their respective fiscal November-quarter results, which will get counted as part of the 2023 Q4 earnings season tally. The Q4 reporting cycle will really get going with the JPMorgan results on January 12th, 2024. But we will have seen such early November-quarter results by almost two dozen S&P 500 members by the time JPMorgan reports its results.
For the three S&P 500 members that have reported such Q4 results, total earnings up +16.3% from the same period last year on +6.7% higher revenues, with with two out of the three (66.7% of the total) beating EPS and revenue estimates. This is comparable performance relative to what we had seen from this group of three index members in the preceding period.
Looking at Q3 as a whole, combining the actuals for these three S&P 500 members with estimates for the still-to-come companies, total earnings are expected to decline -0.1% from the same period last year on +2.3% higher revenues. This would follow the +3.5% earnings growth in the preceding period, which came after three back-to-back quarters of earnings declines.
Unlike the last two quarters, estimates for Q4 have been under pressure since the quarter got underway, with the current -0.1% decline down from +5.5% in early October at the strart of the quarter. Estimates were largely stable in the comparable periods of the preceding two quarters. In this respect, the Q4 revisions trend represents a notable shift.
Today's Featured Analyst Reports
Apple shares have performed roughly in-line with the Zacks Tech sector (+44.3% vs. +44.5%) but have handily outperformed the S&P 500 index (up +21.3%). The company is benefiting from strong demand for iPhone. Apple expects the iPhone’s year-over-year revenues to grow on an absolute basis in first-quarter fiscal 2024.
Revenues for Mac are expected to significantly accelerate compared with the fourth-quarter fiscal 2023’s reported figure. It expects the year-over-year revenue growth for both iPad and Wearables, Home and Accessories to decelerate significantly from the September quarter due to a different timing of product launches.
For the Services segment, Apple expects average revenues per week to grow at a similar strong double-digit rate as it did during the September quarter. It is benefiting from increasing customer engagement in the services segment. The expanding content portfolio of Apple TV+ aids subscriber growth.
(You can read the full research report on Apple here >>>)
Shares of Bank of America have gained +4.0% over the past year against the Zacks Banks - Major Regional industry’s gain of +13.2%. Higher interest rates and decent loan demand will keep supporting the company’s net interest income (NII) growth in the upcoming quarters.
Yet, the current tough macroeconomic environment will continue to weigh on the company’s investment banking (IB) business. This, along with the volatile nature of the capital markets, will likely hurt fee income. Due to inflationary pressure, overall costs are expected to remain elevated.
(You can read the full research report on Bank of America here >>>)
S&P Global shares have outperformed the Zacks Business - Information Services industry over the past year (+27.5% vs. +22.4%). The company remains well-poised to gain from the growing demand for business information services. Buyouts help innovate, increase differentiated content and develop new products.
New service launches have been aiding the company's growth. Dividend payments and share buybacks boost investors' confidence and positively impact earnings per share. Increasing current ratio bodes well for the company.
However, S&P Global remains vulnerable to proceedings, investigations and inquiries concerning the ratings provided, leading to legal charges, damages or fines. Growth initiatives, higher compensations and incentives raise the company's expenses. More long-term debt than cash does not bode well for the company.
(You can read the full research report on S&P Global here >>>)
Other noteworthy reports we are featuring today include Workday, Inc. (WDAY), Intercontinental Exchange, Inc. (ICE) and 3M Company (MMM).
Director of Research
Sheraz Mian
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Robust Portfolio, Services Strength to Benefit Apple (AAPL)
Branch Openings, Rates, Loans Aid BofA (BAC), High Costs Ail
S&P Global (SPGI) to Gain From ChartIQ Buyout, Costs High
Featured Reports
Workday (WDAY) Rides on Healthy Customer Growth, AI Prowess
Per the Zacks analyst, high demand for financial and human capital management solutions across industries will likely boost Workday's top line, while its AI services are increasingly gaining traction.
Intercontinental (ICE) Banks on Buyouts & Solid Balance Sheet
Per the Zacks analyst, Intercontinental Exchange is set to grow on a number of acquisitions and cost synergies. Moreover, a solid balance sheet provides financial flexibility.
Safety and Industrial Segment to Aid 3M (MMM), Costs Hurt
Per the Zacks analyst, 3M will benefit from robust momentum in the Safety and Industrial unit, led by strength in the roofing granules business. However, high costs remain concerning for the company.
General Mills (GIS) Gains From Focus on Accelerate Strategy
Per the Zacks analyst, General Mills is gaining from its Accelerate strategy, as part of which it is competing efficiently via brand building, investing in saving initiatives and reshaping portfolio.
Biogen's (BIIB) New Drugs Leqembi & Others Can Revive Growth
The Zacks analyst believes Biogen's new products like Leqembi for Alzheimer's disease, Skyclarys for Friedreich's ataxia and Zurzuvae for depression can help revive growth
Fastenal (FAST) Rides on Daily Sales Growth, Expenses High
Per the Zacks analyst, Fastenal is benefiting from daily sales growth, reasonable expense control and growth at Onsite locations. However, higher occupancy-related expenses are concerns.
Bill Holdings (BILL) Rides on Strong SMB Business clientele
Per the Zacks analyst, Bill is benefiting from an expanding small and medium business clientele, as well as a diversified business model.
New Upgrades
Strategic Pacts Aids Walgreens (WBA) Amid Margin Woes
Per the Zacks analyst, Walgreens' partnership with health technology firm Pearl Health will advance its value-based care delivery. Slowdown in generic introduction is affecting margins.
Technological Prowess & Client Retention Aid Rollins (ROL)
Per the Zacks analyst, Rollins' real-time service tracking and customer Internet communication technologies have increased its competitive advantage and customer retention.
Low Breakeven Costs to Aid Marathon Oil's (MRO) Cash Flows
The Zacks analyst believes that Marathon's extremely low oil price breakeven costs of just $35 a barrel should generate meaningful free cash flows and improve future profitability.
New Downgrades
Rising Rates, Risky Nuclear Plant Operation Ail Dominion (D)
Per the Zacks analyst, Dominion's capital projects will become costlier due to the rising interest rates. Risk associated in operating nuclear facilities will create additional challenges.
Mettler-Toledo (MTD) Suffers From Weak Laboratory Segment
Per the Zacks analyst, weak momentum in Laboratory segment due to broad-based softness in China is hurting Mettler-Toledo.
Waters (WAT) Suffers From Weakening Momentum in Asian Market
Per the Zacks analyst, weakness in Asian market due to soft demand conditions in China, is hurting Waters growth prospects.
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
Bank of America Corporation (BAC) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report
3M Company (MMM) : Free Stock Analysis Report
Workday, Inc. (WDAY) : Free Stock Analysis Report
S&P Global Inc. (SPGI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It expects the year-over-year revenue growth for both iPad and Wearables, Home and Accessories to decelerate significantly from the September quarter due to a different timing of product launches. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Robust Portfolio, Services Strength to Benefit Apple (AAPL) Branch Openings, Rates, Loans Aid BofA (BAC), High Costs Ail S&P Global (SPGI) to Gain From ChartIQ Buyout, Costs High Featured Reports Workday (WDAY) Rides on Healthy Customer Growth, AI Prowess Per the Zacks analyst, high demand for financial and human capital management solutions across industries will likely boost Workday's top line, while its AI services are increasingly gaining traction. 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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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Robust Portfolio, Services Strength to Benefit Apple (AAPL) Branch Openings, Rates, Loans Aid BofA (BAC), High Costs Ail S&P Global (SPGI) to Gain From ChartIQ Buyout, Costs High Featured Reports Workday (WDAY) Rides on Healthy Customer Growth, AI Prowess Per the Zacks analyst, high demand for financial and human capital management solutions across industries will likely boost Workday's top line, while its AI services are increasingly gaining traction. Biogen's (BIIB) New Drugs Leqembi & Others Can Revive Growth The Zacks analyst believes Biogen's new products like Leqembi for Alzheimer's disease, Skyclarys for Friedreich's ataxia and Zurzuvae for depression can help revive growth Fastenal (FAST) Rides on Daily Sales Growth, Expenses High Per the Zacks analyst, Fastenal is benefiting from daily sales growth, reasonable expense control and growth at Onsite locations. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Robust Portfolio, Services Strength to Benefit Apple (AAPL) Branch Openings, Rates, Loans Aid BofA (BAC), High Costs Ail S&P Global (SPGI) to Gain From ChartIQ Buyout, Costs High Featured Reports Workday (WDAY) Rides on Healthy Customer Growth, AI Prowess Per the Zacks analyst, high demand for financial and human capital management solutions across industries will likely boost Workday's top line, while its AI services are increasingly gaining traction. Biogen's (BIIB) New Drugs Leqembi & Others Can Revive Growth The Zacks analyst believes Biogen's new products like Leqembi for Alzheimer's disease, Skyclarys for Friedreich's ataxia and Zurzuvae for depression can help revive growth Fastenal (FAST) Rides on Daily Sales Growth, Expenses High Per the Zacks analyst, Fastenal is benefiting from daily sales growth, reasonable expense control and growth at Onsite locations. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Research Daily features a real-time update on the evolving earnings picture as the early Q4 results come in, in addition to featuring new research reports published by our team analysts today. The company remains well-poised to gain from the growing demand for business information services. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Robust Portfolio, Services Strength to Benefit Apple (AAPL) Branch Openings, Rates, Loans Aid BofA (BAC), High Costs Ail S&P Global (SPGI) to Gain From ChartIQ Buyout, Costs High Featured Reports Workday (WDAY) Rides on Healthy Customer Growth, AI Prowess Per the Zacks analyst, high demand for financial and human capital management solutions across industries will likely boost Workday's top line, while its AI services are increasingly gaining traction.
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2023-12-12 00:00:00 UTC
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ROKU, TSLA, PATH: 3 Cathie Wood Stocks Picking Up Traction
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https://www.nasdaq.com/articles/roku-tsla-path%3A-3-cathie-wood-stocks-picking-up-traction
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Ark Invest’s Cathie Wood is fresh off a must-needed year of relief, with her flagship Ark Innovation ETF (NYSEARCA:ARKK) soaring more than 70% year-to-date. Indeed, Cathie Wood stocks still have a long way to go if they’re to see new highs again.
Though new highs in 2024 seem unrealistic, I do believe that the trio of rate cuts the Federal Reserve has planned for next year could be the tailwind that disruptive innovation stocks need to take their rally to the next level. Either way, it’s hard not to want to bet on Cathie Wood stocks as it looks to sail into smoother, lower-rate waters from here.
Let’s have a look at three stocks in the ARKK that I find most intriguing for the new year:
Roku (ROKU)
Source: Michael Vi / Shutterstock
Roku (NASDAQ:ROKU) stock has been on a great run so far this year, now up 153% year-to-date. Led higher by improvements in the ad market, Roku stands out as one of the most compelling recovery plays in the realm of Cathie Wood stocks.
Though I’d much rather wait for shares to pullback after more than doubling in a year, I do find DA Davidson’s recent comments on the company encouraging. According to the investment firm, Roku may be an “attractive takeout target,” perhaps through the eyes of a mega-cap tech firm seeking to expand exposure in the streaming markets.
My take is that Roku would be even better in the hands of a media-focused streamer that’s lacking in exposure on the hardware side. Undoubtedly, many of the mega-cap tech companies with exposure to streaming also have their own streaming sticks or something similar.
In any case, Roku remains a relatively small firm, with its mere $14.49 billion market cap at the time of writing, making it a bite-sized deal for any firm eager to make bigger strides in streaming. For now, I wouldn’t speculate on a takeover deal, as it’s hard to gauge where Roku goes from here if no acquirer steps forward.
Tesla (TSLA)
Source: Arina P Habich / Shutterstock.com
Electric vehicle (EV) firm Tesla (NASDAQ:TSLA) has been a standout performer for Cathie Wood’s ARKK fund over the past several years. Of late, though, Tesla stock has driven into a bit of a rough patch, sinking from its more than $400 peak in late 2021 to around $113 at its depths earlier this year. At writing, the stock’s going for just shy of $250 per share, up around 130% year-to-date.
Recently, Tesla recalled around 2 million cars due to “insufficient” Autopilot safeguards. For now, the headline doesn’t appear to be having a drastic impact on the stock. I view Autopilot as a nice-to-have feature for now. Give it a few years, though, and Autopilot capabilities may become a must as more self-driving technologies move into the mainstream. In any case, I wouldn’t make too much of the recall.
At around 77.2 times trailing price-to-earnings, I view Tesla stock as intriguing if you believe in Elon Musk and his firm’s AI prowess. As a tech company, a case could be made that the stock’s reasonably valued. However, as an auto company, it looks absurdly expensive. So, it really depends on your point of view! Either way, Tesla looks intriguing here as we look forward to what AI has to offer in 2024.
UiPath (PATH)
Source: dennizn / Shutterstock.com
Speaking of AI, I find UiPath (NYSE:PATH) to be one of the most interesting AI stocks in ARKK right now. The company is in the business of automating repetitive tasks in the workforce. The stock’s been on a steady descent since it went live on the public markets back in 2021. Today, shares are off around 68% from their peak, but up more than 104% year-to-date.
Should three rate cuts be in the cards in 2024, hyper-growth companies with skin in the automation game could be in for another good year. UiPath is at 52-week highs, but there’s still a harsh macro climate to get through. Yes, low rates are a good thing, but it may prove tougher to compete in an arena where numerous enterprise software companies are in a rush to improve their AI capabilities.
My guess is that UiPath remains competitive, even as other industry players look to chase after the AI puck in the new year. That said, I wouldn’t bet on the stock as it appears the easy money’s already been made.
On the date of publication, Joey Frenette 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.
Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.
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The post ROKU, TSLA, PATH: 3 Cathie Wood Stocks Picking Up Traction 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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Yes, low rates are a good thing, but it may prove tougher to compete in an arena where numerous enterprise software companies are in a rush to improve their AI capabilities. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post ROKU, TSLA, PATH: 3 Cathie Wood Stocks Picking Up Traction appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ark Invest’s Cathie Wood is fresh off a must-needed year of relief, with her flagship Ark Innovation ETF (NYSEARCA:ARKK) soaring more than 70% year-to-date. Let’s have a look at three stocks in the ARKK that I find most intriguing for the new year: Roku (ROKU) Source: Michael Vi / Shutterstock Roku (NASDAQ:ROKU) stock has been on a great run so far this year, now up 153% year-to-date. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post ROKU, TSLA, PATH: 3 Cathie Wood Stocks Picking Up Traction appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ark Invest’s Cathie Wood is fresh off a must-needed year of relief, with her flagship Ark Innovation ETF (NYSEARCA:ARKK) soaring more than 70% year-to-date. Let’s have a look at three stocks in the ARKK that I find most intriguing for the new year: Roku (ROKU) Source: Michael Vi / Shutterstock Roku (NASDAQ:ROKU) stock has been on a great run so far this year, now up 153% year-to-date. At around 77.2 times trailing price-to-earnings, I view Tesla stock as intriguing if you believe in Elon Musk and his firm’s AI prowess.
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Indeed, Cathie Wood stocks still have a long way to go if they’re to see new highs again. Let’s have a look at three stocks in the ARKK that I find most intriguing for the new year: Roku (ROKU) Source: Michael Vi / Shutterstock Roku (NASDAQ:ROKU) stock has been on a great run so far this year, now up 153% year-to-date. In any case, I wouldn’t make too much of the recall.
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2023-12-12 00:00:00 UTC
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Up 177% in 2023, Is Palantir Stock a Buy for 2024?
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https://www.nasdaq.com/articles/up-177-in-2023-is-palantir-stock-a-buy-for-2024
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Fool.com contributor Parkev Tatevosian reviews the phenomenal year Palantir Technologies (NYSE: PLTR) had in 2023 and whether it is likely to replicate the success in 2024.
*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 Palantir Technologies right now?
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 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 Palantir Technologies. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fool.com contributor Parkev Tatevosian reviews the phenomenal year Palantir Technologies (NYSE: PLTR) had in 2023 and whether it is likely to replicate the success in 2024. 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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Fool.com contributor Parkev Tatevosian reviews the phenomenal year Palantir Technologies (NYSE: PLTR) had in 2023 and whether it is likely to replicate the success in 2024. 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. 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 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. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Before you buy stock in 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. 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 Palantir Technologies.
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2023-12-12 00:00:00 UTC
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Intel chief ready to go it alone on chip manufacturing
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https://www.nasdaq.com/articles/intel-chief-ready-to-go-it-alone-on-chip-manufacturing
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By Kenneth Li and Max A. Cherney
Dec 14 (Reuters) - Intel INTC.O Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business.
Gelsinger has moved Intel's manufacturing unit into what is now called Intel Foundry Services (IFS) that operates as a business within Intel. IFS will break out financials beginning in the second quarter of next year, Gelsinger said.
Intel isn't yet prepared to break out IFS into a separate entity and list it, as it did with its Mobileye MBLY.O autonomous driving business and plans to with the programmable chip unit in the next two to three years.
"The idea of the internal foundry model, we think, is the right path for us in the current environment," Gelsinger said in an interview with Reuters.
In some ways, Intel already operates two separate companies - a chip design business and a factory unit - in part to give its IFS customers confidence that Intel is a "clean supplier" of manufacturing capacity, Gelsinger said.
For the moment, there are distinct advantages by operating together, in part because most of the factory capacity is used by Intel at the moment, the CEO said.
Gelsinger made the comments about Intel's manufacturing business at an event in New York that focused on PC chips with artificial intelligence features.
Running AI applications from far away data centers is too costly for the likes of Microsoft MSFT.O and will have to be run on local PCs, Gelsinger said.
"There isn't any possible way that they can have a billion Windows devices hitting Azure to be running these workloads in real time," Gelsinger said.
To make the economics work, the Intel CEO said Microsoft would need to achieve a 100-to-one reduction in the amount of data flowing between the cloud giant's data centers and PCs.
(Writing by Max A. Cherney in San Francisco; Reporting by Kennith Li in New York; Editing by Mark Porter)
((Max.Cherney@thomsonreuters.com; 415-404-2697;))
The views and 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 Kenneth Li and Max A. Cherney Dec 14 (Reuters) - Intel INTC.O Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business. Intel isn't yet prepared to break out IFS into a separate entity and list it, as it did with its Mobileye MBLY.O autonomous driving business and plans to with the programmable chip unit in the next two to three years. Gelsinger made the comments about Intel's manufacturing business at an event in New York that focused on PC chips with artificial intelligence features.
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By Kenneth Li and Max A. Cherney Dec 14 (Reuters) - Intel INTC.O Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business. Gelsinger has moved Intel's manufacturing unit into what is now called Intel Foundry Services (IFS) that operates as a business within Intel. In some ways, Intel already operates two separate companies - a chip design business and a factory unit - in part to give its IFS customers confidence that Intel is a "clean supplier" of manufacturing capacity, Gelsinger said.
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By Kenneth Li and Max A. Cherney Dec 14 (Reuters) - Intel INTC.O Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business. Gelsinger has moved Intel's manufacturing unit into what is now called Intel Foundry Services (IFS) that operates as a business within Intel. In some ways, Intel already operates two separate companies - a chip design business and a factory unit - in part to give its IFS customers confidence that Intel is a "clean supplier" of manufacturing capacity, Gelsinger said.
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Intel isn't yet prepared to break out IFS into a separate entity and list it, as it did with its Mobileye MBLY.O autonomous driving business and plans to with the programmable chip unit in the next two to three years. In some ways, Intel already operates two separate companies - a chip design business and a factory unit - in part to give its IFS customers confidence that Intel is a "clean supplier" of manufacturing capacity, Gelsinger said. Running AI applications from far away data centers is too costly for the likes of Microsoft MSFT.O and will have to be run on local PCs, Gelsinger said.
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2023-12-12 00:00:00 UTC
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Financial Sector Update for 12/14/2023: NTRS, BLK, UBS, HOOD
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https://www.nasdaq.com/articles/financial-sector-update-for-12-14-2023%3A-ntrs-blk-ubs-hood
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Financial stocks were rising in late Thursday afternoon trading with the NYSE Financial Index adding 1.5% and the Financial Select Sector SPDR Fund (XLF) gaining 1%.
The Philadelphia Housing Index jumped 5.6%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 2.7%.
Bitcoin (BTC-USD) increased 0.1% to $42,985, and the yield for 10-year US Treasuries slumped 10 basis points to 3.93%.
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, Northern Trust (NTRS) shares jumped 4.1% after it said Thursday it's providing trading services to UK-based independent investment manager Waverton.
BlackRock (BLK) on Thursday launched its Total Return ETF on Nasdaq. BlackRock shares advanced 4.2%.
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 almost 3%.
Robinhood (HOOD) added 1% after the company recorded notional equity 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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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, Northern Trust (NTRS) shares jumped 4.1% after it said Thursday it's providing trading services to UK-based independent investment manager Waverton.
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Financial stocks were rising in late Thursday afternoon trading with the NYSE Financial Index adding 1.5% and the Financial Select Sector SPDR Fund (XLF) gaining 1%. The Philadelphia Housing Index jumped 5.6%, 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 were rising in late Thursday afternoon trading with the NYSE Financial Index adding 1.5% and the Financial Select Sector SPDR Fund (XLF) gaining 1%. In corporate news, Northern Trust (NTRS) shares jumped 4.1% after it said Thursday it's providing trading services to UK-based independent investment manager Waverton. 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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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. BlackRock shares advanced 4.2%. UBS shares rose almost 3%.
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2023-12-12 00:00:00 UTC
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Energy Sector Update for 12/14/2023: OXY, SHEL, EQNR, SDRL, WDS
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https://www.nasdaq.com/articles/energy-sector-update-for-12-14-2023%3A-oxy-shel-eqnr-sdrl-wds
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Energy stocks rose late Thursday afternoon with the NYSE Energy Sector Index adding 2.4% and the Energy Select Sector SPDR Fund (XLE) gaining 2.9%.
The Philadelphia Oil Service Sector index jumped 4.3%, while the Dow Jones US Utilities index was falling 1.1%.
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 3% to $71.53 a barrel, while global benchmark Brent advanced 3% to $76.52 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 2.7% to $2.397 per 1 million BTU.
In corporate news, Occidental Petroleum (OXY) shares rose 2.9%. Berkshire Hathaway (BRK.A, BRK.B) increased its stake in Occidental by buying 10.5 million shares this week, according to a regulatory filing late Wednesday.
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 7.2%.
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 1.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Berkshire Hathaway (BRK.A, BRK.B) increased its stake in Occidental by buying 10.5 million shares this week, according to a regulatory filing late Wednesday. 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 late Thursday afternoon with the NYSE Energy Sector Index adding 2.4% and the Energy Select Sector SPDR Fund (XLE) gaining 2.9%. The Philadelphia Oil Service Sector index jumped 4.3%, while the Dow Jones US Utilities index was falling 1.1%. 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 late Thursday afternoon with the NYSE Energy Sector Index adding 2.4% and the Energy Select Sector SPDR Fund (XLE) gaining 2.9%. 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.
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Energy stocks rose late Thursday afternoon with the NYSE Energy Sector Index adding 2.4% and the Energy Select Sector SPDR Fund (XLE) gaining 2.9%. The company's shares jumped 7.2%. Woodside shares rose 1.5%.
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13de20c2-8fab-4cee-a413-6e43b9acfdcb
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712772.0
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2023-12-12 00:00:00 UTC
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Consumer Sector Update for 12/14/2023: RIVN, DIS, PTON, RGS
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DCOMP
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https://www.nasdaq.com/articles/consumer-sector-update-for-12-14-2023%3A-rivn-dis-pton-rgs
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nan
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nan
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Consumer stocks were mixed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.4%.
In corporate news, Rivian Automotive's (RIVN) shares jumped 14% after AT&T (T) said it would add the company's electric vehicles to its fleet to cut emissions.
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%.
Peloton Interactive (PTON) said Thursday it appointed Lauren Weinberg as chief marketing officer, succeeding Leslie Berland. Its shares jumped 8.8%.
Regis (RGS) slumped 19% 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, Rivian Automotive's (RIVN) shares jumped 14% after AT&T (T) said it would add the company's electric vehicles to its fleet to cut emissions. 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.
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Consumer stocks were mixed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.4%. In corporate news, Rivian Automotive's (RIVN) shares jumped 14% after AT&T (T) said it would add the company's electric vehicles to its fleet to cut emissions. Disney shares rose 1%.
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Consumer stocks were mixed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.4%. In corporate news, Rivian Automotive's (RIVN) shares jumped 14% after AT&T (T) said it would add the company's electric vehicles to its fleet to cut emissions. 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.
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Consumer stocks were mixed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.4%. 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. Its shares jumped 8.8%.
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91965316-63ab-4731-b2ac-546e58a0b864
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712773.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: DKS, GXO, TH
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-dks-gxo-th
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dick's Sporting Goods, Inc (Symbol: DKS), where a total of 50,035 contracts have traded so far, representing approximately 5.0 million underlying shares. That amounts to about 272.7% of DKS's average daily trading volume over the past month of 1.8 million shares. Particularly high volume was seen for the $115 strike call option expiring December 15, 2023, with 10,514 contracts trading so far today, representing approximately 1.1 million underlying shares of DKS. Below is a chart showing DKS's trailing twelve month trading history, with the $115 strike highlighted in orange:
GXO Logistics Inc (Symbol: GXO) saw options trading volume of 15,384 contracts, representing approximately 1.5 million underlying shares or approximately 268.2% of GXO's average daily trading volume over the past month, of 573,675 shares. Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 5,021 contracts trading so far today, representing approximately 502,100 underlying shares of GXO. Below is a chart showing GXO's trailing twelve month trading history, with the $55 strike highlighted in orange:
And Target Hospitality Corp (Symbol: TH) options are showing a volume of 20,079 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 265.5% of TH's average daily trading volume over the past month, of 756,220 shares. Particularly high volume was seen for the $17.50 strike call option expiring January 19, 2024, with 9,500 contracts trading so far today, representing approximately 950,000 underlying shares of TH. Below is a chart showing TH's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
For the various different available expirations for DKS options, GXO options, or TH options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
ATVC YTD Return
ELY Historical Stock Prices
ALB Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $115 strike call option expiring December 15, 2023, with 10,514 contracts trading so far today, representing approximately 1.1 million underlying shares of DKS. Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 5,021 contracts trading so far today, representing approximately 502,100 underlying shares of GXO. Particularly high volume was seen for the $17.50 strike call option expiring January 19, 2024, with 9,500 contracts trading so far today, representing approximately 950,000 underlying shares of TH.
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Below is a chart showing DKS's trailing twelve month trading history, with the $115 strike highlighted in orange: GXO Logistics Inc (Symbol: GXO) saw options trading volume of 15,384 contracts, representing approximately 1.5 million underlying shares or approximately 268.2% of GXO's average daily trading volume over the past month, of 573,675 shares. Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 5,021 contracts trading so far today, representing approximately 502,100 underlying shares of GXO. Particularly high volume was seen for the $17.50 strike call option expiring January 19, 2024, with 9,500 contracts trading so far today, representing approximately 950,000 underlying shares of TH.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Dick's Sporting Goods, Inc (Symbol: DKS), where a total of 50,035 contracts have traded so far, representing approximately 5.0 million underlying shares. Particularly high volume was seen for the $115 strike call option expiring December 15, 2023, with 10,514 contracts trading so far today, representing approximately 1.1 million underlying shares of DKS. Below is a chart showing DKS's trailing twelve month trading history, with the $115 strike highlighted in orange: GXO Logistics Inc (Symbol: GXO) saw options trading volume of 15,384 contracts, representing approximately 1.5 million underlying shares or approximately 268.2% of GXO's average daily trading volume over the past month, of 573,675 shares.
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Particularly high volume was seen for the $115 strike call option expiring December 15, 2023, with 10,514 contracts trading so far today, representing approximately 1.1 million underlying shares of DKS. Below is a chart showing DKS's trailing twelve month trading history, with the $115 strike highlighted in orange: GXO Logistics Inc (Symbol: GXO) saw options trading volume of 15,384 contracts, representing approximately 1.5 million underlying shares or approximately 268.2% of GXO's average daily trading volume over the past month, of 573,675 shares. Especially high volume was seen for the $55 strike put option expiring January 19, 2024, with 5,021 contracts trading so far today, representing approximately 502,100 underlying shares of GXO.
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2a6a2aa2-f43f-4016-ad51-4edca7fd71a4
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712774.0
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2023-12-12 00:00:00 UTC
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Why Enphase, SolarEdge, and Lucid Stocks Rallied Today
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DCOMP
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https://www.nasdaq.com/articles/why-enphase-solaredge-and-lucid-stocks-rallied-today
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nan
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nan
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Solar and electric-vehicle (EV) stocks Enphase Energy (NASDAQ: ENPH), SolarEdge Technologies (NASDAQ: SEDG), and Lucid Group (NASDAQ: LCID) were rallying big on Thursday, rising 13.2%, 16.2%, and 13.9%, respectively, as of 12:10 p.m. ET.
Solar and EV stocks are generally rallying in a catch-up trade following yesterday's Federal Reserve meeting and press conference with Chairman Jay Powell. In the aftermath, many rate-sensitive stocks, including renewables and EVs, continue to benefit, as the meeting spurred increased confidence in lower inflation, lower interest rates, and a higher probability of an economic soft landing in the year ahead.
Renewables stocks are highly sensitive to interest rates
The past 18 months have shown just how sensitive most renewable energy stocks are to interest rates.
This industry is in its relatively early stages of growth, so most related companies either traded at high multiples, or were actually generating losses on their bottom lines. And as interest rates surged over the past two years, their valuations were affected heavily because the present value of their future profits were discounted by a greater amount.
But perhaps more dire, residential solar installations (the market served by inverter companies Enphase and SolarEdge) and EVs (Lucid) are big-ticket items that are often financed either by loans or leases. So the fastest-ever rise in interest rates in response to the post-pandemic inflation made these items less affordable.
As a result, demand cratered, with both Enphase and SolarEdge posting revenue and profit declines this year, and Lucid recently lowering its production growth to better align with lower-than-expected demand in the near term.
ENPH year-to-date total returns (daily); data by YCharts.
With the three companies' stock prices beaten down throughout the year, yesterday's Federal Reserve meeting and follow-up commentary allowed for a relief rally that carried over strongly into Thursday. In recent months, Fed officials had anticipated that another rate hike was likely, followed by the potential for two interest rate cuts in 2024.
However, Fed officials were more dove-ish than anticipated yesterday, admitting inflation is coming down toward their 2% goal. Most officials now don't anticipate more increases, and the current outlook is for three cuts next year, above Wall Street's expectations for just two.
Furthermore, Powell said at the post-meeting press conference that more increases were not likely, and that a recession was not required in order for the Fed to begin cutting rates.
It was certainly encouraging to hear that the Fed could take its foot off the brakes for the economy if inflation comes down even if the job market remains fairly strong. That could enable the elusive soft landing many investors had been hoping for, but which many had deemed highly unlikely this time last year.
In any case, the reduction of interest rates without a large rise in unemployment would be a dream scenario for renewable energy and EV stocks: Loan and lease rates would come down, but consumers would be employed and still confident enough to purchase EVs or invest in residential solar.
Image source: Getty Images.
The rally could have legs
These three companies are still risky if inflation reaccelerates or if there is a recession, but should inflation continue to come down without widespread job losses, there could be more upside.
For Lucid, its ongoing losses have been backstopped by the Saudia Arabia Public Investment Fund (PIF), which has continued to invest in the company's equity as it has needed more capital. While that limits the risk of bankruptcy, that backstop has come at a high price to other current shareholders through dilution. But if EV sales pick up and luxury consumers gravitate toward Lucid, there could be upside in the making.
Meanwhile, Enphase and SolarEdge should recover, too, as long as the residential solar market keeps growing in in the U.S., Europe, Latin America, and the Asia-Pacific region.
These two companies make high-tech inverters, not commodity-like panels, and were actually profitable before this downturn. So should residential solar growth return, profit growth should follow.
It should also be noted that after the October inflation report came in softer than expected in mid-November, Enphase's CEO bought shares of the stock on the open market in a show of confidence.
Of the three, Enphase looks the most promising because its microinverters are premium products that command higher margins than SolarEdge's lower-cost string inverters. Furthermore, I think the inverter industry, consolidated among just a couple of players, is more attractive than the capital-intensive and competitive EV market. So of the three, Enphase would be my pick to aggressively play a soft-landing scenario.
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Billy Duberstein has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Solar and EV stocks are generally rallying in a catch-up trade following yesterday's Federal Reserve meeting and press conference with Chairman Jay Powell. But perhaps more dire, residential solar installations (the market served by inverter companies Enphase and SolarEdge) and EVs (Lucid) are big-ticket items that are often financed either by loans or leases. With the three companies' stock prices beaten down throughout the year, yesterday's Federal Reserve meeting and follow-up commentary allowed for a relief rally that carried over strongly into Thursday.
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Solar and electric-vehicle (EV) stocks Enphase Energy (NASDAQ: ENPH), SolarEdge Technologies (NASDAQ: SEDG), and Lucid Group (NASDAQ: LCID) were rallying big on Thursday, rising 13.2%, 16.2%, and 13.9%, respectively, as of 12:10 p.m. Solar and EV stocks are generally rallying in a catch-up trade following yesterday's Federal Reserve meeting and press conference with Chairman Jay Powell. In the aftermath, many rate-sensitive stocks, including renewables and EVs, continue to benefit, as the meeting spurred increased confidence in lower inflation, lower interest rates, and a higher probability of an economic soft landing in the year ahead.
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Solar and electric-vehicle (EV) stocks Enphase Energy (NASDAQ: ENPH), SolarEdge Technologies (NASDAQ: SEDG), and Lucid Group (NASDAQ: LCID) were rallying big on Thursday, rising 13.2%, 16.2%, and 13.9%, respectively, as of 12:10 p.m. Renewables stocks are highly sensitive to interest rates The past 18 months have shown just how sensitive most renewable energy stocks are to interest rates. In any case, the reduction of interest rates without a large rise in unemployment would be a dream scenario for renewable energy and EV stocks: Loan and lease rates would come down, but consumers would be employed and still confident enough to purchase EVs or invest in residential solar.
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But perhaps more dire, residential solar installations (the market served by inverter companies Enphase and SolarEdge) and EVs (Lucid) are big-ticket items that are often financed either by loans or leases. In recent months, Fed officials had anticipated that another rate hike was likely, followed by the potential for two interest rate cuts in 2024. So should residential solar growth return, profit growth should follow.
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52d4ff66-412b-401b-b565-903fb6c35411
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712775.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: CHPT, VEEV, FYBR
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-chpt-veev-fybr
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in ChargePoint Holdings Inc (Symbol: CHPT), where a total of 390,248 contracts have traded so far, representing approximately 39.0 million underlying shares. That amounts to about 151.1% of CHPT's average daily trading volume over the past month of 25.8 million shares. Especially high volume was seen for the $2.50 strike call option expiring December 15, 2023, with 122,661 contracts trading so far today, representing approximately 12.3 million underlying shares of CHPT. Below is a chart showing CHPT's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
Veeva Systems Inc (Symbol: VEEV) saw options trading volume of 19,288 contracts, representing approximately 1.9 million underlying shares or approximately 135.1% of VEEV's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $210 strike put option expiring December 15, 2023, with 5,240 contracts trading so far today, representing approximately 524,000 underlying shares of VEEV. Below is a chart showing VEEV's trailing twelve month trading history, with the $210 strike highlighted in orange:
And Frontier Communications Parent Inc (Symbol: FYBR) options are showing a volume of 19,203 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 131.5% of FYBR's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $20 strike call option expiring January 19, 2024, with 10,001 contracts trading so far today, representing approximately 1.0 million underlying shares of FYBR. Below is a chart showing FYBR's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for CHPT options, VEEV options, or FYBR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
VNM market cap history
Institutional Holders of DexCom
Institutional Holders of OALC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $2.50 strike call option expiring December 15, 2023, with 122,661 contracts trading so far today, representing approximately 12.3 million underlying shares of CHPT. Especially high volume was seen for the $210 strike put option expiring December 15, 2023, with 5,240 contracts trading so far today, representing approximately 524,000 underlying shares of VEEV. Particularly high volume was seen for the $20 strike call option expiring January 19, 2024, with 10,001 contracts trading so far today, representing approximately 1.0 million underlying shares of FYBR.
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Especially high volume was seen for the $2.50 strike call option expiring December 15, 2023, with 122,661 contracts trading so far today, representing approximately 12.3 million underlying shares of CHPT. Below is a chart showing CHPT's trailing twelve month trading history, with the $2.50 strike highlighted in orange: Veeva Systems Inc (Symbol: VEEV) saw options trading volume of 19,288 contracts, representing approximately 1.9 million underlying shares or approximately 135.1% of VEEV's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $210 strike put option expiring December 15, 2023, with 5,240 contracts trading so far today, representing approximately 524,000 underlying shares of VEEV.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in ChargePoint Holdings Inc (Symbol: CHPT), where a total of 390,248 contracts have traded so far, representing approximately 39.0 million underlying shares. Especially high volume was seen for the $2.50 strike call option expiring December 15, 2023, with 122,661 contracts trading so far today, representing approximately 12.3 million underlying shares of CHPT. Below is a chart showing CHPT's trailing twelve month trading history, with the $2.50 strike highlighted in orange: Veeva Systems Inc (Symbol: VEEV) saw options trading volume of 19,288 contracts, representing approximately 1.9 million underlying shares or approximately 135.1% of VEEV's average daily trading volume over the past month, of 1.4 million shares.
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Especially high volume was seen for the $2.50 strike call option expiring December 15, 2023, with 122,661 contracts trading so far today, representing approximately 12.3 million underlying shares of CHPT. Below is a chart showing CHPT's trailing twelve month trading history, with the $2.50 strike highlighted in orange: Veeva Systems Inc (Symbol: VEEV) saw options trading volume of 19,288 contracts, representing approximately 1.9 million underlying shares or approximately 135.1% of VEEV's average daily trading volume over the past month, of 1.4 million shares. Below is a chart showing FYBR's trailing twelve month trading history, with the $20 strike highlighted in orange: For the various different available expirations for CHPT options, VEEV options, or FYBR options, visit StockOptionsChannel.com.
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3e2b2f2a-2951-4d33-bcb0-88d4e2adf136
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712776.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: SRPT, XOM, CENX
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-srpt-xom-cenx
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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 Sarepta Therapeutics Inc (Symbol: SRPT), where a total volume of 10,407 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 94.5% of SRPT's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $110 strike put option expiring December 15, 2023, with 2,570 contracts trading so far today, representing approximately 257,000 underlying shares of SRPT. Below is a chart showing SRPT's trailing twelve month trading history, with the $110 strike highlighted in orange:
Exxon Mobil Corp (Symbol: XOM) saw options trading volume of 204,498 contracts, representing approximately 20.4 million underlying shares or approximately 94.4% of XOM's average daily trading volume over the past month, of 21.7 million shares. Especially high volume was seen for the $115 strike put option expiring December 15, 2023, with 16,720 contracts trading so far today, representing approximately 1.7 million underlying shares of XOM. Below is a chart showing XOM's trailing twelve month trading history, with the $115 strike highlighted in orange:
And Century Aluminum Co. (Symbol: CENX) saw options trading volume of 12,556 contracts, representing approximately 1.3 million underlying shares or approximately 92.9% of CENX's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $10 strike call option expiring January 19, 2024, with 4,528 contracts trading so far today, representing approximately 452,800 underlying shares of CENX. Below is a chart showing CENX's trailing twelve month trading history, with the $10 strike highlighted in orange:
For the various different available expirations for SRPT options, XOM options, or CENX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding EMXC
HOWL Videos
HNRG Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $110 strike put option expiring December 15, 2023, with 2,570 contracts trading so far today, representing approximately 257,000 underlying shares of SRPT. Especially high volume was seen for the $115 strike put option expiring December 15, 2023, with 16,720 contracts trading so far today, representing approximately 1.7 million underlying shares of XOM. Especially high volume was seen for the $10 strike call option expiring January 19, 2024, with 4,528 contracts trading so far today, representing approximately 452,800 underlying shares of CENX.
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Below is a chart showing SRPT's trailing twelve month trading history, with the $110 strike highlighted in orange: Exxon Mobil Corp (Symbol: XOM) saw options trading volume of 204,498 contracts, representing approximately 20.4 million underlying shares or approximately 94.4% of XOM's average daily trading volume over the past month, of 21.7 million shares. Especially high volume was seen for the $115 strike put option expiring December 15, 2023, with 16,720 contracts trading so far today, representing approximately 1.7 million underlying shares of XOM. Below is a chart showing XOM's trailing twelve month trading history, with the $115 strike highlighted in orange: And Century Aluminum Co. (Symbol: CENX) saw options trading volume of 12,556 contracts, representing approximately 1.3 million underlying shares or approximately 92.9% of CENX's average daily trading volume over the past month, of 1.4 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sarepta Therapeutics Inc (Symbol: SRPT), where a total volume of 10,407 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing SRPT's trailing twelve month trading history, with the $110 strike highlighted in orange: Exxon Mobil Corp (Symbol: XOM) saw options trading volume of 204,498 contracts, representing approximately 20.4 million underlying shares or approximately 94.4% of XOM's average daily trading volume over the past month, of 21.7 million shares. Below is a chart showing XOM's trailing twelve month trading history, with the $115 strike highlighted in orange: And Century Aluminum Co. (Symbol: CENX) saw options trading volume of 12,556 contracts, representing approximately 1.3 million underlying shares or approximately 92.9% of CENX's average daily trading volume over the past month, of 1.4 million shares.
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Below is a chart showing SRPT's trailing twelve month trading history, with the $110 strike highlighted in orange: Exxon Mobil Corp (Symbol: XOM) saw options trading volume of 204,498 contracts, representing approximately 20.4 million underlying shares or approximately 94.4% of XOM's average daily trading volume over the past month, of 21.7 million shares. Especially high volume was seen for the $115 strike put option expiring December 15, 2023, with 16,720 contracts trading so far today, representing approximately 1.7 million underlying shares of XOM. Below is a chart showing XOM's trailing twelve month trading history, with the $115 strike highlighted in orange: And Century Aluminum Co. (Symbol: CENX) saw options trading volume of 12,556 contracts, representing approximately 1.3 million underlying shares or approximately 92.9% of CENX's average daily trading volume over the past month, of 1.4 million shares.
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72905257-5bf6-4649-8e5e-bd7a2d1d8f7e
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712777.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: WCC, TWLO, SCHW
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-wcc-twlo-schw
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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 Wesco International, Inc. (Symbol: WCC), where a total volume of 4,540 contracts has been traded thus far today, a contract volume which is representative of approximately 454,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 121.2% of WCC's average daily trading volume over the past month, of 374,740 shares. Especially high volume was seen for the $135 strike call option expiring December 15, 2023, with 1,741 contracts trading so far today, representing approximately 174,100 underlying shares of WCC. Below is a chart showing WCC's trailing twelve month trading history, with the $135 strike highlighted in orange:
Twilio Inc (Symbol: TWLO) saw options trading volume of 33,775 contracts, representing approximately 3.4 million underlying shares or approximately 119% of TWLO's average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $69 strike put option expiring December 29, 2023, with 3,061 contracts trading so far today, representing approximately 306,100 underlying shares of TWLO. Below is a chart showing TWLO's trailing twelve month trading history, with the $69 strike highlighted in orange:
And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 116,776 contracts, representing approximately 11.7 million underlying shares or approximately 118.2% of SCHW's average daily trading volume over the past month, of 9.9 million shares. Particularly high volume was seen for the $75 strike call option expiring March 15, 2024, with 6,518 contracts trading so far today, representing approximately 651,800 underlying shares of SCHW. Below is a chart showing SCHW's trailing twelve month trading history, with the $75 strike highlighted in orange:
For the various different available expirations for WCC options, TWLO options, or SCHW options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Stocks Crossing Above Their 200 Day Moving Average
Funds Holding SLNH
CLGX Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $135 strike call option expiring December 15, 2023, with 1,741 contracts trading so far today, representing approximately 174,100 underlying shares of WCC. Especially high volume was seen for the $69 strike put option expiring December 29, 2023, with 3,061 contracts trading so far today, representing approximately 306,100 underlying shares of TWLO. Particularly high volume was seen for the $75 strike call option expiring March 15, 2024, with 6,518 contracts trading so far today, representing approximately 651,800 underlying shares of SCHW.
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Especially high volume was seen for the $135 strike call option expiring December 15, 2023, with 1,741 contracts trading so far today, representing approximately 174,100 underlying shares of WCC. Below is a chart showing WCC's trailing twelve month trading history, with the $135 strike highlighted in orange: Twilio Inc (Symbol: TWLO) saw options trading volume of 33,775 contracts, representing approximately 3.4 million underlying shares or approximately 119% of TWLO's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing TWLO's trailing twelve month trading history, with the $69 strike highlighted in orange: And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 116,776 contracts, representing approximately 11.7 million underlying shares or approximately 118.2% of SCHW's average daily trading volume over the past month, of 9.9 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Wesco International, Inc. (Symbol: WCC), where a total volume of 4,540 contracts has been traded thus far today, a contract volume which is representative of approximately 454,000 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing WCC's trailing twelve month trading history, with the $135 strike highlighted in orange: Twilio Inc (Symbol: TWLO) saw options trading volume of 33,775 contracts, representing approximately 3.4 million underlying shares or approximately 119% of TWLO's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing TWLO's trailing twelve month trading history, with the $69 strike highlighted in orange: And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 116,776 contracts, representing approximately 11.7 million underlying shares or approximately 118.2% of SCHW's average daily trading volume over the past month, of 9.9 million shares.
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Especially high volume was seen for the $135 strike call option expiring December 15, 2023, with 1,741 contracts trading so far today, representing approximately 174,100 underlying shares of WCC. Below is a chart showing WCC's trailing twelve month trading history, with the $135 strike highlighted in orange: Twilio Inc (Symbol: TWLO) saw options trading volume of 33,775 contracts, representing approximately 3.4 million underlying shares or approximately 119% of TWLO's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing TWLO's trailing twelve month trading history, with the $69 strike highlighted in orange: And The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 116,776 contracts, representing approximately 11.7 million underlying shares or approximately 118.2% of SCHW's average daily trading volume over the past month, of 9.9 million shares.
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93b690df-3909-4319-a5fc-7367c3865077
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712778.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: FSLR, PRTA, CVNA
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-fslr-prta-cvna
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in First Solar Inc (Symbol: FSLR), where a total of 144,201 contracts have traded so far, representing approximately 14.4 million underlying shares. That amounts to about 646.1% of FSLR's average daily trading volume over the past month of 2.2 million shares. Especially high volume was seen for the $195 strike put option expiring December 15, 2023, with 40,985 contracts trading so far today, representing approximately 4.1 million underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $195 strike highlighted in orange:
Prothena Corp plc (Symbol: PRTA) options are showing a volume of 23,158 contracts thus far today. That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 370.1% of PRTA's average daily trading volume over the past month, of 625,770 shares. Particularly high volume was seen for the $45 strike call option expiring December 15, 2023, with 3,642 contracts trading so far today, representing approximately 364,200 underlying shares of PRTA. Below is a chart showing PRTA's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Carvana Co (Symbol: CVNA) saw options trading volume of 259,116 contracts, representing approximately 25.9 million underlying shares or approximately 292.2% of CVNA's average daily trading volume over the past month, of 8.9 million shares. Particularly high volume was seen for the $50 strike call option expiring December 15, 2023, with 12,960 contracts trading so far today, representing approximately 1.3 million underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for FSLR options, PRTA options, or CVNA options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Home Improvement Stores Dividend Stocks
Top Ten Hedge Funds Holding IEH
Top Ten Hedge Funds Holding AGN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $195 strike put option expiring December 15, 2023, with 40,985 contracts trading so far today, representing approximately 4.1 million underlying shares of FSLR. Particularly high volume was seen for the $45 strike call option expiring December 15, 2023, with 3,642 contracts trading so far today, representing approximately 364,200 underlying shares of PRTA. Particularly high volume was seen for the $50 strike call option expiring December 15, 2023, with 12,960 contracts trading so far today, representing approximately 1.3 million underlying shares of CVNA.
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Especially high volume was seen for the $195 strike put option expiring December 15, 2023, with 40,985 contracts trading so far today, representing approximately 4.1 million underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $195 strike highlighted in orange: Prothena Corp plc (Symbol: PRTA) options are showing a volume of 23,158 contracts thus far today. Below is a chart showing PRTA's trailing twelve month trading history, with the $45 strike highlighted in orange: And Carvana Co (Symbol: CVNA) saw options trading volume of 259,116 contracts, representing approximately 25.9 million underlying shares or approximately 292.2% of CVNA's average daily trading volume over the past month, of 8.9 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in First Solar Inc (Symbol: FSLR), where a total of 144,201 contracts have traded so far, representing approximately 14.4 million underlying shares. Below is a chart showing PRTA's trailing twelve month trading history, with the $45 strike highlighted in orange: And Carvana Co (Symbol: CVNA) saw options trading volume of 259,116 contracts, representing approximately 25.9 million underlying shares or approximately 292.2% of CVNA's average daily trading volume over the past month, of 8.9 million shares. Particularly high volume was seen for the $50 strike call option expiring December 15, 2023, with 12,960 contracts trading so far today, representing approximately 1.3 million underlying shares of CVNA.
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Especially high volume was seen for the $195 strike put option expiring December 15, 2023, with 40,985 contracts trading so far today, representing approximately 4.1 million underlying shares of FSLR. Particularly high volume was seen for the $45 strike call option expiring December 15, 2023, with 3,642 contracts trading so far today, representing approximately 364,200 underlying shares of PRTA. Below is a chart showing PRTA's trailing twelve month trading history, with the $45 strike highlighted in orange: And Carvana Co (Symbol: CVNA) saw options trading volume of 259,116 contracts, representing approximately 25.9 million underlying shares or approximately 292.2% of CVNA's average daily trading volume over the past month, of 8.9 million shares.
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4fbe4c0f-186e-4c76-93fe-f8f44b408c87
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712779.0
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2023-12-12 00:00:00 UTC
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Notable Thursday Option Activity: JCI, APLS, NLY
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DCOMP
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-jci-apls-nly
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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 Johnson Controls International plc (Symbol: JCI), where a total volume of 62,143 contracts has been traded thus far today, a contract volume which is representative of approximately 6.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 105.8% of JCI's average daily trading volume over the past month, of 5.9 million shares. Particularly high volume was seen for the $52.50 strike call option expiring December 15, 2023, with 29,561 contracts trading so far today, representing approximately 3.0 million underlying shares of JCI. Below is a chart showing JCI's trailing twelve month trading history, with the $52.50 strike highlighted in orange:
Apellis Pharmaceuticals Inc (Symbol: APLS) options are showing a volume of 20,534 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 105.1% of APLS's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 4,957 contracts trading so far today, representing approximately 495,700 underlying shares of APLS. Below is a chart showing APLS's trailing twelve month trading history, with the $40 strike highlighted in orange:
And Annaly Capital Management Inc (Symbol: NLY) saw options trading volume of 44,143 contracts, representing approximately 4.4 million underlying shares or approximately 103.8% of NLY's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the $20 strike call option expiring December 15, 2023, with 11,175 contracts trading so far today, representing approximately 1.1 million underlying shares of NLY. Below is a chart showing NLY's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for JCI options, APLS options, or NLY options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
RDW YTD Return
SSD Insider Buying
CALX Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $52.50 strike call option expiring December 15, 2023, with 29,561 contracts trading so far today, representing approximately 3.0 million underlying shares of JCI. Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 4,957 contracts trading so far today, representing approximately 495,700 underlying shares of APLS. Especially high volume was seen for the $20 strike call option expiring December 15, 2023, with 11,175 contracts trading so far today, representing approximately 1.1 million underlying shares of NLY.
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Particularly high volume was seen for the $52.50 strike call option expiring December 15, 2023, with 29,561 contracts trading so far today, representing approximately 3.0 million underlying shares of JCI. Below is a chart showing JCI's trailing twelve month trading history, with the $52.50 strike highlighted in orange: Apellis Pharmaceuticals Inc (Symbol: APLS) options are showing a volume of 20,534 contracts thus far today. Below is a chart showing APLS's trailing twelve month trading history, with the $40 strike highlighted in orange: And Annaly Capital Management Inc (Symbol: NLY) saw options trading volume of 44,143 contracts, representing approximately 4.4 million underlying shares or approximately 103.8% of NLY's average daily trading volume over the past month, of 4.3 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Johnson Controls International plc (Symbol: JCI), where a total volume of 62,143 contracts has been traded thus far today, a contract volume which is representative of approximately 6.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $52.50 strike call option expiring December 15, 2023, with 29,561 contracts trading so far today, representing approximately 3.0 million underlying shares of JCI. Below is a chart showing APLS's trailing twelve month trading history, with the $40 strike highlighted in orange: And Annaly Capital Management Inc (Symbol: NLY) saw options trading volume of 44,143 contracts, representing approximately 4.4 million underlying shares or approximately 103.8% of NLY's average daily trading volume over the past month, of 4.3 million shares.
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Particularly high volume was seen for the $52.50 strike call option expiring December 15, 2023, with 29,561 contracts trading so far today, representing approximately 3.0 million underlying shares of JCI. Below is a chart showing APLS's trailing twelve month trading history, with the $40 strike highlighted in orange: And Annaly Capital Management Inc (Symbol: NLY) saw options trading volume of 44,143 contracts, representing approximately 4.4 million underlying shares or approximately 103.8% of NLY's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the $20 strike call option expiring December 15, 2023, with 11,175 contracts trading so far today, representing approximately 1.1 million underlying shares of NLY.
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9a7ee3e2-14aa-412f-b39d-8cd040cab067
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712780.0
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2023-12-12 00:00:00 UTC
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Noteworthy Thursday Option Activity: WAL, SOFI, CAR
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-wal-sofi-car
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Western Alliance Bancorporation (Symbol: WAL), where a total of 16,418 contracts have traded so far, representing approximately 1.6 million underlying shares. That amounts to about 130.3% of WAL's average daily trading volume over the past month of 1.3 million shares. Especially high volume was seen for the $65 strike call option expiring January 19, 2024, with 4,122 contracts trading so far today, representing approximately 412,200 underlying shares of WAL. Below is a chart showing WAL's trailing twelve month trading history, with the $65 strike highlighted in orange:
SoFi Technologies Inc (Symbol: SOFI) saw options trading volume of 540,565 contracts, representing approximately 54.1 million underlying shares or approximately 129.5% of SOFI's average daily trading volume over the past month, of 41.8 million shares. Particularly high volume was seen for the $10 strike call option expiring December 15, 2023, with 51,462 contracts trading so far today, representing approximately 5.1 million underlying shares of SOFI. Below is a chart showing SOFI's trailing twelve month trading history, with the $10 strike highlighted in orange:
And Avis Budget Group Inc (Symbol: CAR) saw options trading volume of 7,906 contracts, representing approximately 790,600 underlying shares or approximately 125.6% of CAR's average daily trading volume over the past month, of 629,425 shares. Especially high volume was seen for the $225 strike put option expiring December 15, 2023, with 2,985 contracts trading so far today, representing approximately 298,500 underlying shares of CAR. Below is a chart showing CAR's trailing twelve month trading history, with the $225 strike highlighted in orange:
For the various different available expirations for WAL options, SOFI options, or CAR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Cheap Consumer Stocks
Institutional Holders of SYII
FDBC Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $65 strike call option expiring January 19, 2024, with 4,122 contracts trading so far today, representing approximately 412,200 underlying shares of WAL. Particularly high volume was seen for the $10 strike call option expiring December 15, 2023, with 51,462 contracts trading so far today, representing approximately 5.1 million underlying shares of SOFI. Especially high volume was seen for the $225 strike put option expiring December 15, 2023, with 2,985 contracts trading so far today, representing approximately 298,500 underlying shares of CAR.
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Below is a chart showing WAL's trailing twelve month trading history, with the $65 strike highlighted in orange: SoFi Technologies Inc (Symbol: SOFI) saw options trading volume of 540,565 contracts, representing approximately 54.1 million underlying shares or approximately 129.5% of SOFI's average daily trading volume over the past month, of 41.8 million shares. Particularly high volume was seen for the $10 strike call option expiring December 15, 2023, with 51,462 contracts trading so far today, representing approximately 5.1 million underlying shares of SOFI. Below is a chart showing SOFI's trailing twelve month trading history, with the $10 strike highlighted in orange: And Avis Budget Group Inc (Symbol: CAR) saw options trading volume of 7,906 contracts, representing approximately 790,600 underlying shares or approximately 125.6% of CAR's average daily trading volume over the past month, of 629,425 shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Western Alliance Bancorporation (Symbol: WAL), where a total of 16,418 contracts have traded so far, representing approximately 1.6 million underlying shares. Below is a chart showing WAL's trailing twelve month trading history, with the $65 strike highlighted in orange: SoFi Technologies Inc (Symbol: SOFI) saw options trading volume of 540,565 contracts, representing approximately 54.1 million underlying shares or approximately 129.5% of SOFI's average daily trading volume over the past month, of 41.8 million shares. Below is a chart showing SOFI's trailing twelve month trading history, with the $10 strike highlighted in orange: And Avis Budget Group Inc (Symbol: CAR) saw options trading volume of 7,906 contracts, representing approximately 790,600 underlying shares or approximately 125.6% of CAR's average daily trading volume over the past month, of 629,425 shares.
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Below is a chart showing WAL's trailing twelve month trading history, with the $65 strike highlighted in orange: SoFi Technologies Inc (Symbol: SOFI) saw options trading volume of 540,565 contracts, representing approximately 54.1 million underlying shares or approximately 129.5% of SOFI's average daily trading volume over the past month, of 41.8 million shares. Particularly high volume was seen for the $10 strike call option expiring December 15, 2023, with 51,462 contracts trading so far today, representing approximately 5.1 million underlying shares of SOFI. Especially high volume was seen for the $225 strike put option expiring December 15, 2023, with 2,985 contracts trading so far today, representing approximately 298,500 underlying shares of CAR.
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277b4de1-dd7f-4a86-b004-a49706aa1692
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712781.0
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2023-12-12 00:00:00 UTC
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Is New Gold (NGD) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-new-gold-ngd-stock-undervalued-right-now
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is New Gold (NGD). NGD is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 12.20. This compares to its industry's average Forward P/E of 17.36. NGD's Forward P/E has been as high as 33.27 and as low as -15.29, with a median of 12.45, all within the past year.
Investors should also recognize that NGD has a P/B ratio of 1.07. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.09. Within the past 52 weeks, NGD's P/B has been as high as 1.16 and as low as 0.60, with a median of 0.82.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. NGD has a P/S ratio of 1.25. This compares to its industry's average P/S of 3.7.
Finally, our model also underscores that NGD has a P/CF ratio of 5.66. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. NGD's current P/CF looks attractive when compared to its industry's average P/CF of 12.27. Over the past 52 weeks, NGD's P/CF has been as high as 11.54 and as low as 3.27, with a median of 6.03.
These figures are just a handful of the metrics value investors tend to look at, but they help show that New Gold is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NGD feels like a great value stock at the moment.
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
New Gold Inc. (NGD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. 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 proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. NGD has a P/S ratio of 1.25. Want the latest recommendations from Zacks Investment Research?
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386ce89d-adc8-4a24-938e-75b8fcdb10f2
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712782.0
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2023-12-12 00:00:00 UTC
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Should Value Investors Buy Minerals Technologies (MTX) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-minerals-technologies-mtx-stock
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Minerals Technologies (MTX). MTX is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 10.83 right now. For comparison, its industry sports an average P/E of 21.78. Over the past 52 weeks, MTX's Forward P/E has been as high as 12.26 and as low as 8.56, with a median of 10.51.
Investors should also recognize that MTX has a P/B ratio of 1.28. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. MTX's current P/B looks attractive when compared to its industry's average P/B of 2.86. Over the past 12 months, MTX's P/B has been as high as 1.46 and as low as 0.98, with a median of 1.17.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. MTX has a P/S ratio of 0.97. This compares to its industry's average P/S of 1.45.
These are only a few of the key metrics included in Minerals Technologies's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, MTX looks like an impressive value stock at the moment.
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
Minerals Technologies Inc. (MTX) : 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 is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. These are only a few of the key metrics included in Minerals Technologies's strong Value grade, but they help show that the stock is likely undervalued right now. 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 the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. These are only a few of the key metrics included in Minerals Technologies's strong Value grade, but they help show that the stock is likely undervalued right now. Click to get this free report Minerals Technologies Inc. (MTX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Click to get this free report Minerals Technologies Inc. (MTX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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MTX has a P/S ratio of 0.97. These are only a few of the key metrics included in Minerals Technologies's strong Value grade, but they help show that the stock is likely undervalued right now. Want the latest recommendations from Zacks Investment Research?
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f909cad9-bbe8-499f-ba98-1e344ec3f753
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712783.0
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2023-12-12 00:00:00 UTC
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Validea's Top Industrial Stocks Based On Benjamin Graham - 12/12/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-benjamin-graham-12-12-2023
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nan
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nan
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The following are the top rated Industrial stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
NOW INC (DNOW) is a small-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NOW Inc. is a global distributor to the oil and gas and industrial markets. The Company supplies energy and industrial products and packaged, engineered process and production equipment. It operates under the DistributionNOW and DNOW brands. Its segments include the United States, Canada and International. The Company's global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, and modular process, production, measurement and control equipment. It also offers procurement, warehouse and inventory management solutions as part of its supply chain and materials management offering. Its solutions include outsourcing portions or entire functions of its customers procurement, warehouse and inventory management, logistics, point of issue technology, project management, business process and performance metrics reporting.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of NOW INC
DNOW Guru Analysis
DNOW Fundamental Analysis
MRC GLOBAL INC (MRC) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: MRC Global Inc. is a global distributor of pipe, valves, and fittings (PVF) and other infrastructure products and services to diversified energy, industrial and gas utility end-markets. It provides supply chain solutions and digital platforms to its customers. Its geographical segments include United States, Canada, and International. It offers a range of PVF, oilfield supply, valve automation and modification, measurement, instrumentation, and other general and specialty products from its network of over 9,000 suppliers. It provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Its distribution network extends across the world, including United States, and western Canada, as well as Europe, Asia, Australasia, and the Middle East.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of MRC GLOBAL INC
MRC Guru Analysis
MRC Fundamental Analysis
AAON INC (AAON) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment. It conducts its business through three segments: AAON Oklahoma, AAON Coil Products, and BASX. AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. AAON Coil Products segment designs and manufactures a selection of its standard, semi-custom, and custom HVAC systems. BASX segment provides product development design and manufacturing of custom engineered air handling systems, including data center cooling solutions, cleanroom HVAC systems, commercial/industrial HVAC systems, and modular solutions. Additionally, BASX designs and manufactures cleanroom environmental control systems.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of AAON INC
AAON Guru Analysis
AAON Fundamental Analysis
ALAMO GROUP, INC. (ALG) is a mid-cap growth stock in the Constr. & Agric. Machinery industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Alamo Group Inc. is engaged in designing, manufacturing, distributing and providing services of equipment for vegetation management, infrastructure maintenance and other applications. The Company has two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes the operations of the mowing and forestry/tree care operations, Morbark and Dutch Power business units. The Industrial Equipment Division includes the Company's vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers and snow removal equipment. The Company's products include tractor-mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, forestry/wood recycling equipment, street and parking lot sweepers, leaf and debris collection equipment, pothole patchers, vacuum trucks, hydro-excavation equipment, telescopic boom excavators, and snow removal equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of ALAMO GROUP, INC.
ALG Guru Analysis
ALG Fundamental Analysis
HUB GROUP INC (HUBG) is a mid-cap value stock in the Misc. Transportation industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. The Company's service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. Its transportation services include intermodal, truckload, less-than-truckload (LTL), flatbed, temperature-controlled, dedicated and regional trucking. Its logistics services include full outsource logistics solutions, transportation management services, freight consolidation, warehousing and fulfillment, final mile delivery, parcel and international services. The Company serves a diversified customer base in a range of industries, including retail, consumer products and durable goods.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: FAIL
Detailed Analysis of HUB GROUP INC
HUBG Guru Analysis
HUBG Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Company Description: Alamo Group Inc. is engaged in designing, manufacturing, distributing and providing services of equipment for vegetation management, infrastructure maintenance and other applications. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. BASX segment provides product development design and manufacturing of custom engineered air handling systems, including data center cooling solutions, cleanroom HVAC systems, commercial/industrial HVAC systems, and modular solutions. Detailed Analysis of HUB GROUP INC HUBG Guru Analysis HUBG Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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The Company's global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, and modular process, production, measurement and control equipment. It provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Detailed Analysis of HUB GROUP INC HUBG Guru Analysis HUBG Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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Transportation industry. The Company serves a diversified customer base in a range of industries, including retail, consumer products and durable goods. Detailed Analysis of HUB GROUP INC HUBG Guru Analysis HUBG Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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41e60e9e-a7c0-4437-a9fc-7cc811dc66e7
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712784.0
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2023-12-12 00:00:00 UTC
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Should Value Investors Buy Stoneridge (SRI) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-stoneridge-sri-stock
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Stoneridge (SRI). SRI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
We should also highlight that SRI has a P/B ratio of 1.71. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 4.56. Over the past year, SRI's P/B has been as high as 2.43 and as low as 1.42, with a median of 1.88.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. SRI has a P/S ratio of 0.49. This compares to its industry's average P/S of 1.33.
Finally, our model also underscores that SRI has a P/CF ratio of 17.90. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. SRI's P/CF compares to its industry's average P/CF of 25.90. Over the past 52 weeks, SRI's P/CF has been as high as 43.05 and as low as 16.70, with a median of 23.47.
These are just a handful of the figures considered in Stoneridge's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that SRI is an impressive value stock right now.
4 Oil Stocks with Massive Upsides
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Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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Stoneridge, Inc. (SRI) : 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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Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. 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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With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Click to get this free report Stoneridge, Inc. (SRI) : 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 proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Click to get this free report Stoneridge, Inc. (SRI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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SRI has a P/S ratio of 0.49. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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0f69db19-77df-4df0-b28e-9500ee3a65c2
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712785.0
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2023-12-12 00:00:00 UTC
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Validea's Top Industrial Stocks Based On Martin Zweig - 12/12/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-martin-zweig-12-12-2023
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nan
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nan
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The following are the top rated Industrial stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
ARMSTRONG WORLD INDUSTRIES INC (AWI) is a mid-cap growth stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Armstrong World Industries, Inc. designs and manufactures ceiling and wall system solutions in the Americas. Its products primarily include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. It also manufactures ceiling suspension system (grid) products. The Company has two segments. Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems. Ceiling products are sold to resale distributors, ceiling systems contractors and wholesalers and retailers, including large home centers. Architectural Specialties segment produces, designs and sources ceilings and walls for use in commercial settings. These products are available in metal, felt and wood, in addition to various colors, shapes and designs. Its products offer various performance attributes, such as acoustical control, rated fire and other. It designs and develops integrated architectural metal systems for interior and exterior applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ARMSTRONG WORLD INDUSTRIES INC
AWI Guru Analysis
AWI Fundamental Analysis
TENNANT CO (TNC) is a small-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Martin Zweig is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Tennant Company is engaged in designing, manufacturing and marketing solutions. The Company's products include floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and asset management solutions. Its products are used in factories and warehouses; distribution centers; office buildings; public venues, such as arenas and stadiums; schools and universities; hospitals and clinics and other. The Company markets its offerings under various brands: Tennant , Nobles , Alfa Uma Empresa Tennant, IRIS , VLX, IPC brands, Gaomei and Rongen brands, as well as private-label brands. The Company has manufacturing locations and operations in three geographic areas, including the Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of TENNANT CO
TNC Guru Analysis
TNC Fundamental Analysis
KIRBY CORPORATION (KEX) is a mid-cap growth stock in the Water Transportation industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Kirby Corporation is a domestic tank barge operator. The Company operates through two segments: Marine Transportation, and Distribution and Services. The Marine Transportation segment provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts. The Distribution and Services segment sells after-market service and replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, specialized electrical distribution and control systems, energy storage battery systems, and related oilfield services equipment, rebuilds component parts or entire diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, and other industrial applications. It also rents equipment such as generators, industrial compressors, and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of KIRBY CORPORATION
KEX Guru Analysis
KEX Fundamental Analysis
KUBOTA CORP (ADR) (KUBTY) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: KUBOTA CORPORATION is a Japan-based company principally engaged in the provision of agricultural machines, engines and construction machines. The Company operates in three business segments. Machinery segment manufactures and sells agricultural machines and agricultural products, such as tractors, tillers, combine harvesters, rice planters, lawn mowers. The Segment also provides construction machinery and engines for agricultural machinery, construction machinery, industrial machinery and generators. Water & Environment segment manufactures and sells pipe-related products, such as ductile iron pipes, synthetic pipes, pumps and valves. The Segment also provides environment-related products and social infrastructure-related products such as raw materials and spiral steel pipes. Others segment mainly provides logistics and financial services, roofing materials and exterior wall materials.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of KUBOTA CORP (ADR)
KUBTY Guru Analysis
KUBTY Fundamental Analysis
WOLTERS KLUWER NV - ADR (WTKWY) is a large-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Wolters Kluwer NV is a company based in the Netherlands that provides information, software and services to legal, business, tax, accounting, finance, audit, risk, compliance and healthcare professionals worldwide. The Company's four operating divisions are based on strategic customer segments: Health; Tax & Accounting; Governance, Risk & Compliance, and Legal & Regulatory. Its geographical segments include the Netherlands, Europe, North America, Asia Pacific and the Rest of the World. The Company's product portfolio offers software tools coupled with content and services that enable its customers to make evidence-based decisions, through workflow management solutions, regulatory information, analytics and reporting, tailored to the specifics of their industry. In addition, the Company is active in digital and print publishing.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of WOLTERS KLUWER NV - ADR
WTKWY Guru Analysis
WTKWY Fundamental Analysis
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Company's product portfolio offers software tools coupled with content and services that enable its customers to make evidence-based decisions, through workflow management solutions, regulatory information, analytics and reporting, tailored to the specifics of their industry. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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The Distribution and Services segment sells after-market service and replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, specialized electrical distribution and control systems, energy storage battery systems, and related oilfield services equipment, rebuilds component parts or entire diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, and other industrial applications. Detailed Analysis of KUBOTA CORP (ADR) KUBTY Guru Analysis KUBTY Fundamental Analysis WOLTERS KLUWER NV - ADR (WTKWY) is a large-cap growth stock in the Software & Programming industry. Detailed Analysis of WOLTERS KLUWER NV - ADR WTKWY Guru Analysis WTKWY Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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Detailed Analysis of TENNANT CO TNC Guru Analysis TNC Fundamental Analysis KIRBY CORPORATION (KEX) is a mid-cap growth stock in the Water Transportation industry. The Distribution and Services segment sells after-market service and replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, specialized electrical distribution and control systems, energy storage battery systems, and related oilfield services equipment, rebuilds component parts or entire diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, and other industrial applications. Detailed Analysis of WOLTERS KLUWER NV - ADR WTKWY Guru Analysis WTKWY Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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Company Description: Armstrong World Industries, Inc. designs and manufactures ceiling and wall system solutions in the Americas. The Company has two segments. Company Description: Tennant Company is engaged in designing, manufacturing and marketing solutions.
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ce7915f6-e02f-4295-8269-0f93e33317bc
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712786.0
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2023-12-12 00:00:00 UTC
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Best Momentum Stock to Buy for December 12th
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DCOMP
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https://www.nasdaq.com/articles/best-momentum-stock-to-buy-for-december-12th
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nan
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 12th:
Paymentus PAY: This company which, is a provider of cloud-based bill payment technology solutions, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 58.8% over the last 60 days.
Paymentus Holdings, Inc. Price and Consensus
Paymentus Holdings, Inc. price-consensus-chart | Paymentus Holdings, Inc. Quote
Paymentus’ shares gained 7.3% over the last three month compared with the S&P 500’s gain of 3.0%. The company possesses a Momentum Score of A.
Paymentus Holdings, Inc. Price
Paymentus Holdings, Inc. price | Paymentus Holdings, Inc. Quote
Wintrust Financial WTFC: This bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 60 days.
Wintrust Financial Corporation Price and Consensus
Wintrust Financial Corporation price-consensus-chart | Wintrust Financial Corporation Quote
Wintrust Financial’s shares gained 18.5% over the last three month compared with the S&P 500’s gain of 3.0%. The company possesses a Momentum Score of A.
Wintrust Financial Corporation Price
Wintrust Financial Corporation price | Wintrust Financial Corporation Quote
Amalgamated Financial AMAL: This full-service commercial bank and a chartered trust company which provides commercial banking and trust services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
Amalgamated Financial Corp. Price and Consensus
Amalgamated Financial Corp. price-consensus-chart | Amalgamated Financial Corp. Quote
Amalgamated Financial’s shares gained 31.4% over the last three month compared with the S&P 500’s gain of 3.0%. The company possesses a Momentum Score of A.
Amalgamated Financial Corp. Price
Amalgamated Financial Corp. price | Amalgamated Financial Corp. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Paymentus Holdings, Inc. (PAY) : Free Stock Analysis Report
Wintrust Financial Corporation (WTFC) : Free Stock Analysis Report
Amalgamated Financial Corp. (AMAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 12th: Paymentus PAY: This company which, is a provider of cloud-based bill payment technology solutions, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 58.8% over the last 60 days. 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 company possesses a Momentum Score of A. Paymentus Holdings, Inc. Price Paymentus Holdings, Inc. price | Paymentus Holdings, Inc. Quote Wintrust Financial WTFC: This bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 60 days. The company possesses a Momentum Score of A. Wintrust Financial Corporation Price Wintrust Financial Corporation price | Wintrust Financial Corporation Quote Amalgamated Financial AMAL: This full-service commercial bank and a chartered trust company which provides commercial banking and trust services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. Click to get this free report Paymentus Holdings, Inc. (PAY) : Free Stock Analysis Report Wintrust Financial Corporation (WTFC) : Free Stock Analysis Report Amalgamated Financial Corp. (AMAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Momentum Score of A. Paymentus Holdings, Inc. Price Paymentus Holdings, Inc. price | Paymentus Holdings, Inc. Quote Wintrust Financial WTFC: This bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 60 days. The company possesses a Momentum Score of A. Wintrust Financial Corporation Price Wintrust Financial Corporation price | Wintrust Financial Corporation Quote Amalgamated Financial AMAL: This full-service commercial bank and a chartered trust company which provides commercial banking and trust services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. Click to get this free report Paymentus Holdings, Inc. (PAY) : Free Stock Analysis Report Wintrust Financial Corporation (WTFC) : Free Stock Analysis Report Amalgamated Financial Corp. (AMAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Momentum Score of A. Paymentus Holdings, Inc. Price Paymentus Holdings, Inc. price | Paymentus Holdings, Inc. Quote Wintrust Financial WTFC: This bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 60 days. Want the latest recommendations from Zacks Investment Research? Click to get this free report Paymentus Holdings, Inc. (PAY) : Free Stock Analysis Report Wintrust Financial Corporation (WTFC) : Free Stock Analysis Report Amalgamated Financial Corp. (AMAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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fc2dc729-7553-4cfb-bace-b68644cb194b
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712787.0
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2023-12-12 00:00:00 UTC
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Can Alphabet Stock Hit $200 in 2024?
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DCOMP
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https://www.nasdaq.com/articles/can-alphabet-stock-hit-%24200-in-2024
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nan
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nan
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By being a leader in the world of technology and owning some of the most popular internet services out there, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the most successful enterprises of all time.
And investors have been rewarded, to say the least. Shares have soared fivefold in the last decade, a tremendous gain that trounces that of the Nasdaq Composite Index.
We have our sights set on the future, though. As this year comes to a close, is it a realistic scenario for Alphabet shares to rise 48% from today's price to reach $200 by the end of 2024? Let's see what needs to happen.
Alphabet's improving fundamentals
Macroeconomic headwinds resulted in much slower revenue growth for this business throughout 2022. With worries about a recession on everyone's mind, advertising spending took a hit.
But the situation has been steadily improving. In each of the last three quarters, Alphabet has seen its sales gains pick up. During the most recent three-month period (third quarter of 2023 ended Sept. 30), revenue increased 11% year over year to $76.7 billion.
Help is coming from a rebounding digital ad market. In fact, key players in the industry, like Meta Platforms and Amazon, have also experienced strong advertising revenue growth recently.
For this momentum to continue, the economic backdrop needs to improve. With inflation pressures subsiding, the Federal Reserve could decide to start cutting interest rates sometime in 2024. And this would likely be a boon for economic activity, leading to greater revenue potential for Alphabet.
The business will also need to find ways of boosting its profitability. Like many tech companies, Alphabet completed massive layoffs to eliminate the bloat that was created during the pandemic boom. This looks like a more efficient enterprise. In fact, the company's Q3 operating margin of 28% was higher than the 25% posted in the year-ago period.
Ruth Porat, president and chief investment officer of Alphabet, talked on the latest earnings call about how the focus is to find ways to grow revenue at a faster pace than expenses. There's no doubt that shareholders would love to keep seeing progress on this front.
Setting expectations
To be clear, I don't think a $200 price target is completely out of the realm of possibility. For what it's worth, Alphabet is one of the most dominant companies the world has ever seen. It benefits from the rise of the internet. It has tremendous financials. And it's poised to be a leader in the world of artificial intelligence.
So, expecting that Alphabet will post strong fundamental results isn't hard to believe. We're already seeing clear signs of this happening.
But let's look at what $200 per share implies. As I mentioned earlier, this price target means the stock will need to rise 48% over the next 12 months. Since the company's initial public offering in 2004, Alphabet shares have climbed by 48% or more in six of those years, including this year. But it's rare to have two stellar gains like this in back-to-back years.
Moreover, $200 per share would crush the stock's all-time high of $150, which was set in November 2021. And at this price, the company's entire market cap would be roughly $2.5 trillion. This seems unlikely in the next 12 months, even if the current forward price-to-earnings ratio of 23.5 looks compelling.
I'm not optimistic that this outcome will happen by the end of 2024. However, I am bullish on Alphabet's stock over the long term. And that's enough of a reason to scoop up shares right now.
Should you invest $1,000 in Alphabet right now?
Before you buy stock in Alphabet, consider this:
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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. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and Meta Platforms. 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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As this year comes to a close, is it a realistic scenario for Alphabet shares to rise 48% from today's price to reach $200 by the end of 2024? In fact, key players in the industry, like Meta Platforms and Amazon, have also experienced strong advertising revenue growth recently. Ruth Porat, president and chief investment officer of Alphabet, talked on the latest earnings call about how the focus is to find ways to grow revenue at a faster pace than expenses.
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In fact, key players in the industry, like Meta Platforms and Amazon, have also experienced strong advertising revenue growth recently. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.
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Since the company's initial public offering in 2004, Alphabet shares have climbed by 48% or more in six of those years, including this year. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them. 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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By being a leader in the world of technology and owning some of the most popular internet services out there, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is one of the most successful enterprises of all time. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them. 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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efd26ac4-b0cd-416f-bc64-e866470057dd
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712788.0
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2023-12-12 00:00:00 UTC
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Here's Why Microsoft (MSFT) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-microsoft-msft-is-a-strong-growth-stock
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores 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 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
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#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.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Microsoft (MSFT)
Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems.
MSFT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. MSFT has a Growth Style Score of A, forecasting year-over-year earnings growth of 13.5% for the current fiscal year.
17 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.23 to $11.13 per share. MSFT also boasts an average earnings surprise of 7.8%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, MSFT 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
Microsoft Corporation (MSFT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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, 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.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The 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 The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores 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. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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What are the Zacks Style Scores? This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. MSFT has a Growth Style Score of A, forecasting year-over-year earnings growth of 13.5% for the current fiscal year.
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fb7b7cdc-5f20-434f-be2c-89aab00153fa
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712789.0
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2023-12-12 00:00:00 UTC
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Why Halliburton (HAL) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-halliburton-hal-is-a-top-growth-stock-for-the-long-term-0
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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.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
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 traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in 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, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Halliburton (HAL)
Houston, TX-based Halliburton Company is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. The company operates in over 80 countries. Founded in 1919, Halliburton employs more than 40,000 people and operates under two main segments: Completion and Production, and Drilling and Evaluation.
HAL 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. HAL has a Growth Style Score of B, forecasting year-over-year earnings growth of 42.8% for the current fiscal year.
For fiscal 2023, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $3.07 per share. HAL boasts an average earnings surprise of 5.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, HAL 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
Halliburton Company (HAL) : 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, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. 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. 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. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. 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.
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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. What are the Zacks Style Scores? That's where the Style Scores come in.
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4b993d74-394a-46ca-8ff3-2e3047dda7c1
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712790.0
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2023-12-12 00:00:00 UTC
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Is It Worth Investing in ON Semiconductor Corp. (ON) Based on Wall Street's Bullish Views?
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DCOMP
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https://www.nasdaq.com/articles/is-it-worth-investing-in-on-semiconductor-corp.-on-based-on-wall-streets-bullish-views-0
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nan
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nan
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ON Semiconductor Corp. (ON).
ON Semiconductor Corp. currently has an average brokerage recommendation (ABR) of 1.89, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.89 approximates between Strong Buy and Buy.
Of the 28 recommendations that derive the current ABR, 15 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 53.6% and 3.6% of all recommendations.
Brokerage Recommendation Trends for ON
Check price target & stock forecast for ON Semiconductor Corp. here>>>
While the ABR calls for buying ON Semiconductor Corp., it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is ON Worth Investing In?
In terms of earnings estimate revisions for ON Semiconductor Corp., the Zacks Consensus Estimate for the current year has declined 0.1% over the past month to $5.13.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for ON Semiconductor Corp. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for ON Semiconductor Corp. with a grain of salt.
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
ON Semiconductor Corporation (ON) : 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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Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
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ON Semiconductor Corp. currently has an average brokerage recommendation (ABR) of 1.89, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
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ON Semiconductor Corp. currently has an average brokerage recommendation (ABR) of 1.89, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for ON Semiconductor Corp. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for ON Semiconductor Corp. with a grain of salt.
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Brokerage Recommendation Trends for ON According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for ON Semiconductor Corp. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for ON Semiconductor Corp. with a grain of salt.
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c7e142d3-4652-4871-9b89-a7a36e9db52c
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712791.0
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2023-12-12 00:00:00 UTC
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Adobe Systems (ADBE) Just Flashed Golden Cross Signal: Do You Buy?
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DCOMP
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https://www.nasdaq.com/articles/adobe-systems-adbe-just-flashed-golden-cross-signal%3A-do-you-buy-0
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nan
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nan
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From a technical perspective, Adobe Systems (ADBE) is looking like an interesting pick, as it just reached a key level of support. ADBE recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving averages.
The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
ADBE has rallied 5.9% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests ADBE could be on the verge of another move higher.
The bullish case solidifies once investors consider ADBE's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, while the consensus estimate has increased too.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on ADBE for more gains in the near future.
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
Adobe Inc. (ADBE) : 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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From a technical perspective, Adobe Systems (ADBE) is looking like an interesting pick, as it just reached a key level of support. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on ADBE for more gains in the near future. 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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ADBE recently overtook the 20-day moving average, and this suggests a short-term bullish trend. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving averages. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ADBE recently overtook the 20-day moving average, and this suggests a short-term bullish trend. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving averages. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ADBE recently overtook the 20-day moving average, and this suggests a short-term bullish trend. If a stock's price is moving above the 20-day, the trend is considered positive. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on ADBE for more gains in the near future.
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1941e081-3bb3-4b63-8d31-5841ceafb83d
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712792.0
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2023-12-12 00:00:00 UTC
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Why Federated Hermes (FHI) is a Top Value Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-federated-hermes-fhi-is-a-top-value-stock-for-the-long-term
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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 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.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Federated Hermes (FHI)
Headquartered in Pittsburgh, PA, Federated Hermes, Inc. is a global asset manager, with $715.2 billion in AUM, as of Sep 30, 2023. It was formed from the merger between Federated Investors and Hermes Investment Management.
FHI is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.85; value investors should take notice.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.04 to $3.29 per share. FHI boasts an average earnings surprise of 7.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, FHI 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
Federated Hermes, Inc. (FHI) : 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 Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. 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. 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.
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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. 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. 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.
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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 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? 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. That's where the Style Scores come in.
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5e6b986e-3ac0-44f5-a5f4-a2ac4b4a0149
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712793.0
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2023-12-12 00:00:00 UTC
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Why Array Technologies, Inc. (ARRY) is a Top Value Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-array-technologies-inc.-arry-is-a-top-value-stock-for-the-long-term
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
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
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
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.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Array Technologies, Inc. (ARRY)
Boulder, CO-based Array BioPharma is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs for treating cancer and other high-burden diseases. The company has one marketed combination therapy in its portfolio – Braftovi (encorafenib) plus Mektovi (binimetinib). The therapy is approved for treating unresectable or metastatic melanoma with a BRAF V600E or V600K mutation. The company is also conducting label expansion studies for the combination therapy.
ARRY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.99; value investors should take notice.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0 to $1.03 per share. ARRY also boasts an average earnings surprise of 245.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ARRY 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
Array Technologies, Inc. (ARRY) : 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.
|
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. 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."
|
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 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.
|
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.
|
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. 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.
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c1b77078-4f4b-4e30-b59e-1a1f62a640fd
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712794.0
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2023-12-12 00:00:00 UTC
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Are You a Value 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-value-investor-this-1-stock-could-be-the-perfect-pick-380
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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.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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.
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.
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: The Bank of New York Mellon Corporation (BK)
Headquartered in New York and formed as a holding company for The Bank of New York Mellon, The Bank of New York Mellon Corporation (popularly known as BNY Mellon) is a financial services company that has been in business since 1784. The company was incorporated on Jul 1, 2007, following the merger of The Bank of New York Company Inc. and Mellon Financial Corporation.
BK is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 10.16; value investors should take notice.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.11 to $4.88 per share. BK boasts an average earnings surprise of 8.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, BK 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
The Bank of New York Mellon Corporation (BK) : 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. 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."
|
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 The Bank of New York Mellon Corporation (BK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank 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 VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in.
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5533108c-5b74-4b03-9614-dcfdd33b895c
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712795.0
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2023-12-12 00:00:00 UTC
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Implied Volatility Surging for Hershey (HSY) Stock Options
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DCOMP
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https://www.nasdaq.com/articles/implied-volatility-surging-for-hershey-hsy-stock-options
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nan
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nan
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Investors in The Hershey Company HSY need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $85.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Hershey shares, but what is the fundamental picture for the company? Currently, Hershey is a Zacks Rank #3 (Hold) in the Food - Confectionery industry that ranks in the Top 36% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while six have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.09 per share to $1.98 in that period.
Given the way analysts feel about Hershey right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
Click to see the trades now >>
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
Hershey Company (The) (HSY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Investors in The Hershey Company HSY need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners.
|
Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Clearly, options traders are pricing in a big move for Hershey shares, but what is the fundamental picture for the company? Click to get this free report Hershey Company (The) (HSY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. Click to get this free report Hershey Company (The) (HSY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Looking to Trade Options?
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ff49b519-a354-4614-b190-b68d51d4f34a
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712796.0
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2023-12-12 00:00:00 UTC
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Fortinet (FTNT) Just Overtook the 20-Day Moving Average
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DCOMP
|
https://www.nasdaq.com/articles/fortinet-ftnt-just-overtook-the-20-day-moving-average
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nan
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nan
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After reaching an important support level, Fortinet (FTNT) could be a good stock pick from a technical perspective. FTNT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of FTNT have been moving higher over the past four weeks, up 6.6%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that FTNT could be poised for a continued surge.
The bullish case only gets stronger once investors take into account FTNT's positive earnings estimate revisions. There have been 16 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors may want to watch FTNT for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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
Fortinet, Inc. (FTNT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
After reaching an important support level, Fortinet (FTNT) could be a good stock pick from a technical perspective. Investors may want to watch FTNT for more gains in the near future given the company's key technical level and positive earnings estimate revisions. 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."
|
The bullish case only gets stronger once investors take into account FTNT's positive earnings estimate revisions. Investors may want to watch FTNT for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report Fortinet, Inc. (FTNT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. Click to get this free report Fortinet, Inc. (FTNT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
FTNT surpassed resistance at the 20-day moving average, suggesting a short-term bullish 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. Want the latest recommendations from Zacks Investment Research?
|
9e48e82e-36a2-4867-b605-eac2837bd66c
|
712797.0
|
2023-12-12 00:00:00 UTC
|
NIO Inc. (NIO) Recently Broke Out Above the 20-Day Moving Average
|
DCOMP
|
https://www.nasdaq.com/articles/nio-inc.-nio-recently-broke-out-above-the-20-day-moving-average
|
nan
|
nan
|
After reaching an important support level, NIO Inc. (NIO) could be a good stock pick from a technical perspective. NIO surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of NIO have been moving higher over the past four weeks, up 6.4%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that NIO could be poised for a continued surge.
The bullish case only gets stronger once investors take into account NIO's positive earnings estimate revisions. There have been 2 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors may want to watch NIO for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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
NIO Inc. (NIO) : 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.
|
Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that NIO could be poised for a continued surge. Investors may want to watch NIO for more gains in the near future given the company's key technical level and positive earnings estimate revisions. 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."
|
The bullish case only gets stronger once investors take into account NIO's positive earnings estimate revisions. Investors may want to watch NIO for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
NIO surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. Click to get this free report NIO Inc. (NIO) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
NIO surpassed resistance at the 20-day moving average, suggesting a short-term bullish 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. Want the latest recommendations from Zacks Investment Research?
|
d431e569-8e93-48e3-b512-ece332c9a63f
|
712798.0
|
2023-12-12 00:00:00 UTC
|
Tencent Music Entertainment Group Sponsored ADR (TME) Just Overtook the 20-Day Moving Average
|
DCOMP
|
https://www.nasdaq.com/articles/tencent-music-entertainment-group-sponsored-adr-tme-just-overtook-the-20-day-moving
|
nan
|
nan
|
Tencent Music Entertainment Group Sponsored ADR (TME) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TME broke through the 20-day moving average, which suggests a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
TME has rallied 12.8% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests TME could be on the verge of another move higher.
Once investors consider TME's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 1 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.
Investors should think about putting TME on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.
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
Tencent Music Entertainment Group Sponsored ADR (TME) : 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.
|
Tencent Music Entertainment Group Sponsored ADR (TME) reached a significant support level, and could be a good pick for investors from a technical perspective. Investors should think about putting TME on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions. 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."
|
Tencent Music Entertainment Group Sponsored ADR (TME) reached a significant support level, and could be a good pick for investors from a technical perspective. Once investors consider TME's positive earnings estimate revisions, the bullish case only solidifies. Click to get this free report Tencent Music Entertainment Group Sponsored ADR (TME) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend. Click to get this free report Tencent Music Entertainment Group Sponsored ADR (TME) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Recently, TME broke through the 20-day moving average, which suggests a short-term bullish trend. Download your free report now to see them. Want the latest recommendations from Zacks Investment Research?
|
144efd97-008b-4775-ba93-250e5c0323aa
|
712799.0
|
2023-12-12 00:00:00 UTC
|
Shake Shack (SHAK) Just Overtook the 20-Day Moving Average
|
DCOMP
|
https://www.nasdaq.com/articles/shake-shack-shak-just-overtook-the-20-day-moving-average
|
nan
|
nan
|
After reaching an important support level, Shake Shack (SHAK) could be a good stock pick from a technical perspective. SHAK surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
SHAK could be on the verge of another rally after moving 20.4% higher over the last four weeks. Plus, the company is currently a Zacks Rank #2 (Buy) stock.
Looking at SHAK's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 12 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on SHAK for more gains in the near future.
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
Shake Shack, Inc. (SHAK) : 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.
|
After reaching an important support level, Shake Shack (SHAK) could be a good stock pick from a technical perspective. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on SHAK for more gains in the near future. 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."
|
Looking at SHAK's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on SHAK for more gains in the near future. Click to get this free report Shake Shack, Inc. (SHAK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. Click to get this free report Shake Shack, Inc. (SHAK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on SHAK for more gains in the near future. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. Want the latest recommendations from Zacks Investment Research?
|
5ef2b944-08b4-45fc-b22d-340346a412e6
|
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